Following the Prime Minister’s latest announcement and move to Alert Level 2, we’ll be adjusting the way we conduct the buying and selling of property, property inspections and open homes. While we’re allowed to get back to business, these adjustments will allow us to maintain social distancing and contact tracing requirements.
Buying, fixing and reselling a house at a profit, or flipping a house, can be a lot of work, but it isn’t impossible. By purchasing the right house and making renovations, you can sell for much more than you paid for it in a short amount of time. Done the right way, a house flip can be a great investment.
Should you sell first, then buy? Or buy first, then sell? Whether it’s time to upsize or downsize, your strategy will need to be carefully thought out to help you find a new home and sell your current home without putting you at a loss. Most people have similar goals when buying and selling a home at the same time: get the highest price possible for your current house, buy a new house as cheaply as possible, and get through the process with as little hassle as possible. But where should you start?
Here is a summary of what is permitted for open houses and onsite auctions.
Prime Minister Jacinta Ardern will move the country’s Covid-19 restrictions to Alert Level 2 on Monday 11 May, welcoming back open homes, along with the physical interactions involved in purchasing and selling a home.
The rules for overseas people buying or building residential property in New Zealand have changed. In general, only residents and citizens can buy homes to live in, but other investment opportunities are available. Use this tool to understand who is able to buy and who needs to apply for consent.
From 1 May, some restrictions have been eased in the real estate sector, allowing Queensland house hunters to attend open home inspections. While in-room auctions and traditional mass open homes are still banned under the Covid-19 social distancing restrictions, some real estate activities have been given the green light.
The NSW property market will welcome the return of open homes and on-site auctions from 9 May, 2020. Traditional property inspections and on-site auctions will be allowed to be held after a six-week ban due to the Covid-19 pandemic and social distancing restrictions.
Western Australia has begun to ease social distancing restrictions as a result of the global Covid-19 pandemic, allowing open houses from Monday 27 April. Premier, Mark McGowan, said in a press conference on Sunday that this is just the first in a cautious relaxation of restrictions, encouraging people to continue to practice appropriate social distancing so the restrictions don’t need to be brought back in.
If you had planned on selling your home before the outbreak of the global Covid-19 pandemic, now is a great time to get those plans back on track. While the New Zealand government looks at how and when to ease the Level 4 lockdown, real estate agents are continuing to conduct property value appraisals online […]