How to buy or rent a property during the coronavirus lockdown

The coronavirus pandemic has brought the world to a standstill and the real estate market has been no exception. However, this does not mean that the process of searching for a property should be completely stopped. There are many tasks you can do from home.

You can use your computer or mobile phone to make a detailed search on the latest properties for sale. In this way, you can view the properties through virtual tours or start contacting the estate agencies to speed up the process of viewings and meetings after the lockdown is lifted.

1. Search for all the listed properties on the Internet

Agency websites are the key to online searches, as they are still accessible and up to date. The great advantage is that they list a large number of properties for sale, where you can filter to find those properties that interest or suit you the most.

Keep in mind the budget you have. If you need to estimate the amount of money you need to borrow from a mortgage lender, we suggest you consult the banks and use online calculators that show the approximate mortgage payment. In addition, make a list of other expenses that include: remodelling, services, moving, furniture, etc.

2. Pay attention to the pros and cons of the areas

One thing you cannot change about the home you buy is the location, so it is crucial that you know all the details, such as how easy it is to get to public transportation, supermarkets, schools or what public services are available. Remember to consider your current and future needs and those of your family.

3. Talk to the sellers

For the moment, you will not be able to visit the property before making a purchase decision, but what you can do is to contact the sellers and ask them questions about the condition of the property, especially about those aspects that are not mentioned in the description of the ad.

Ask for more photographs, the year of construction, the location, any necessary repairs, whether any of the furniture or appliances are included, the sale conditions, and whether the price of the property is negotiable.

4. Apply online at the bank

If you have already found the property you like and have contacted the seller to resolve all your doubts, make the online application to the bank and find out if you are eligible for a mortgage. You will not be able to complete the application until you are allowed to go to the bank and present the documentation, but you can take advantage and consult in different banks to get the best rate.

5. Look for an estate agent to guide you

They can help you find the best property according to your requirements and budget. In addition, they will advise you on the type of purchase agreement that will be most secure and advantageous for you.

Use this time to save and with the digital tools at home ahead of time all the process of buying your next home