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DOING REAL ESTATE IN LEVEL 4 LOCKDOWN



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DOING REAL ESTATE BUSINESS IN LEVEL 4 LOCKDOWN
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Within the constraints of the lockdown, the fundamental steps of real estate transactions remain:

  • Property Appraisal

  • Agency Agreement

  • Marketing

  • Negotiation

  • Agreement

  • Possession and Settlement

Achieving these within Level 4 means each party to the process is participating via video rather than in person, in addition the normal phone and email communications.

Property Appraisal:

  • A video walk-through of the home and around the property is done on messenger or facetime, hosted by the Vendor.

Agency Agreement:

  • This is done over a Zoom Meeting or a Teams Meeting while sharing the Agency Agreement being completed and signed on-line using 'Docusign'. (Print - sign - scan is also OK)

Marketing is done on-line:

  • Photos would be taken by the Vendor

  • No signboards

  • No open homes

  • Virtual open homes can be done on a zoom call with the Vendor hosting a walk around the property or using a pre-recorded video.

  • Negotiation is done via email in response to an offer signed on-line with 'Docusign'.

Agreement:

  • Once agreed, the final copy is signed in Docusign by both parties.

  • Agreements would be conditional upon:

  • A building inspection once we have access to the property in Level 3.

  • The buyers' inspection once we're in Level 3.

  • Finance which can be confirmed while in Level 4.

  • A LIM which can be obtained during Level 4.

  • Any other conditions appropriate for the property and both parties

Possession and Settlement is held over until five working days after the restrictions allow household moves.


Please feel free to call me on 021 582 485 to discuss any further questions or concerns

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