September 17, 2020
Coronavirus - Seller FAQ
At Jellis Craig, our priority is supporting our clients and the community throughout this challenging time.
To help you understand the current state of play and make informed property related decisions, we have put together a series of frequently asked questions for your reference.
Note: If you are in regional Victoria you are under different restrictions, please contact your local Jellis Craig office to discuss what restrictions apply to your area or visit this article to read more.
What does stage 4 restrictions mean for real estate?
During stage 4 restrictions we are unable to conduct any onsite work, which means that our office premises will be closed and we cannot visit properties or conduct buyer inspections, including by private appointment.
Despite the restrictions, our team is well prepared to facilitate property sales in a contactless manner and we are working remotely and available on our regular contact details.
Can I still sell in stage 4 restrictions?
Yes, you can still sell your property during stage 4 restrictions. At Jellis Craig we are well prepared to sell your property and can facilitate property transactions in a contactless manner.
We do however encourage you to reach out to us to discuss your individual circumstances so that we can prepare a selling strategy that aims to get you the best result for your property.
This period presents an opportunity for us to nurture our pool of active buyers, advise you on how to prepare your home for sale and work with you on strategies to maximise your sale campaign in order to achieve the best possible result once the current restrictions are lifted.
Can I still get my property appraised in Stage 4?
Yes, we can offer you an opinion of value without needing to physically visit your home, with a virtual consultation via FaceTime, Zoom or another online platform.
Once we have viewed the property, we can provide you with access to your estimate of value and sale proposal via our digital presentation platform, SalesPreso.
We welcome you to contact us to discuss how we can appraise and prepare for a strategic selling campaign once restrictions have lifted.
If you would like to see how the market in your suburb is performing, you can also view and download your Suburb Report here.
To find out more about virtual consultation click here.
Are buyers still active in market?
Yes, buyer demand remains at this point in time and we anticipate this level of demand will be constant throughout this period of restriction and even build further resulting in strong buyer competition once restrictions ease.
Can my settlement continue and can I move during stage 4?
Yes, the Victorian Government has confirmed that settlements can continue ((on properties contracted prior to 11:59pm on Wednesday 5th August 2020), and you will be able to move house during this time. Solicitors and conveyancers can continue to work remotely and should be able to assist with your settlement.
We will facilitate the process and handover your keys in a contactless manner.
How has Coronavirus impacted the state of the market?
We are still seeing a significant volume of buyer activity in the market and have facilitated many transactions over the past few months. We have adapted how we do business and we are still receiving a lot of enquiry which is evidence to indicate that the market is still very much active. We have seen how resilient the property market has been of recent times with pricing relatively stable and buyer enquiry still high.
Despite the government-imposed stage 4 restrictions, we anticipate demand to remain strong throughout this period resulting in a high level of buyer activity once we exit stage 4 restrictions.
Are properties still selling?
Yes, properties are still selling and our business has adapted to the way we can transact in a contactless manner.
What should I do if I want to sell my property during this time?
We can still work with you to identify the right selling strategy to help you achieve the best possible result for your property during stage 4 restrictions. We urge you to contact your local agent to discuss the best sales strategy during this time.
Can I still sell my property via an auction?
Yes, you can. Whilst the current restrictions prevent public auctions from taking place, we are able to host online auctions.
How is paperwork signed remotely?
We already use digital contracts to facilitate sales in a seamless manner and will continue to do so throughout this time.
At Jellis Craig we are here to support you and provide guidance through these times. If we can assist you with any of your property needs, please do not hesitate to get in touch.