Buying & Selling a Home During Coronavirus

March 30, 2020


Last updated on March 29, 2020 at 10:32 pm

Buying a Home 

Can I buy a home right now?
For those in the market who need to buy or sell a home right now, Reali is here. We are using technology to keep home buying and selling as personal as possible.

How can I tour a home with Reali?
Reali has many convenient solutions in place to help buyers. We are conducting all of our appointments via Zoom. Buyers can also place contingent offers on a home, which is dependent upon an in-person tour after Stay-at-Home orders are lifted. In some cases, Reali Agents are able to open doors for buyers while maintaining social distancing guidelines. 

Is now a good time to buy a home with everything going on? 
While our lives have changed suddenly and drastically, the decision-making factors associated with buying or selling a home are personal. Buyers will continue to be impacted by life events, personal finances, job relocation and stability, available housing supply and mortgage rates, to name a few and will make the decision to buy. Historically low interest rates offer homebuyers a unique opportunity to make homeownership a reality. New loan forbearance measures also give today’s buyers reassurance when buying a home during the coronavirus. 

Selling a Home 

Can I sell a home during coronavirus?
Yes, you are able to sell your home during coronavirus. Reali is following state and national guidelines to make sure are following all guidelines.

I get it. But is now a good time to sell my home?
Sellers have different motivations for selling a home. In California, housing demand is high, and in February, homes were selling quickly with minimal discounts. There is currently a dearth of homes available for sale with pending sales down and active listings falling by more than 20 percent in recent months. The bottom line: California’s chronically undersupplied housing market should keep some upward pressure on home prices as demand far outstrips available housing supply. Selling a home in today’s ‘new norm’ can prove fruitful.

What precautions will Reali take when selling my home during the coronavirus pandemic?
Reali Agents are offering Zoom appointments and virtual tours during this time. Real estate was deemed an essential service by the federal government on March 28th, and although buyers are now permitted to tour homes at private showings as long as social distancing is followed, we still recommend buyers tour homes virtually. Reali and other real estate companies are also not permitted to host open houses at this time. If a buyer does request to tour your home in person, we will only do so with your permission, and our team will follow cleaning protocols once the tour has ended.

What if I need to buy and sell a home at the same time?
Whether you need to sell now to lower your monthly payment, or are eager to get into a larger home, we’re here to make it happen. Reali Trade-In gives you the opportunity and flexibility to buy your new home first with Reali Cash Offer (we give you the cash, you buy the house) and move in when you’re ready, while we sell your old home. The upside? You won’t have to worry about having two mortgages while trying to sell your home.

Reali Technology to Help you Buy, Sell, and Get a Loan

How is Reali different from other real estate companies?
As a tech company, we have always offered tech to home buyers and sellers. The Reali App allows you to work with our agents to buy or sell a home. You can chat with your real estate expert and manage all parts of the real estate transaction from your home. Buyers can experience 3D virtual tours of all our listings on the Reali platform. Sellers, we list your home on the MLS and provide digital marketing materials to reach the right prospective buyers.

What are the benefits of the Reali App?
As the only home buying app that lets users submit offers digitally, our vast network of buyers can quickly and easily place an offer on your home. At this time, we are encouraging buyers to place offers contingent upon an in-person tour after stay-at-home orders have been lifted. While the circumstances may not be ideal, this is the safest way for buyers to see the interior of your home at this time.

Do you offer home loans or refinancing?
Yes! Reali Loans has been entirely online since its inception, so our loan operations remain unchanged. If you need quick home financing and lower rates, talk to a Reali loan expert today.

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