More than ever, we’re supporting our team, our clients and our community to work through the challenges that COVID-19 presents. Below are our most frequently asked questions to help provide clarity and assistance in making informed property related decisions.
What do the current regulations mean for real estate?
All real estate offices (residential and commercial) in Melbourne Metro are closed under current restrictions. We are permitted to visit properties, conduct buyer inspections by private appointment and hold on-site auctions.
The entire Brad Teal team continue to work remotely to support our clients. All office numbers, direct lines, mobiles and email addresses remain active and we’re available (virtually!) as normal.
Will my settlement go ahead and can I still move home?
Services related to property settlements: including valuation, pest & building inspection, final pre-settlement inspection, contactless handover of keys and files are still permitted, with the appropriate permitted worker permits in place.
How is paperwork signed remotely?
Brad Teal Real Estate adopted digital technology some time ago and all authorities and contract of sale documentation are fully executed digitally with ease.
Are you recommending online auction or private sale process in this environment?
The answer to that question is dependent on the unique circumstances of your property. In this current environment, we often recommend a two stage process: (i) an off market campaign tapping into our extensive database to conduct a buyer matching exercise and test the interest from the market at a selected price point (ii) depending on interest or feedback, transition to an advertised campaign with advertising exposure to draw in a broader audience. The preferred method of sale for your property campaign is dependent on local market context, the nature of buyer competition for your property and what is likely to work best with your own personal circumstances and timing.
Can buyers inspect my property in person?
On-site property viewings are permitted by private inspection with up to ten people from any number of households, excluding residents of the property and the agent. The 25 kilometre limit is no longer in place and the boundary between Melbourne and regional Victoria has been emoved.
All attendees at a private inspection must pre-register prior to arrival at the property.
Can I still get an appraisal of my property?
In-person appraisals are permitted. Our agents can visit your home or appraise your home virtually via Zoom or FaceTime and give you a pulse check of the market. The Brad Teal team can also provide you with an estimate of value and digital sales proposal outlining market trends, suburb data and comparable sales. Our team is talking with qualified buyers and prospective sellers every day.
Are buyers still active in the market?
The property market has been surprisingly resilient despite the uncertainty presented by the COVID-19 pandemic. Our conversations with buyers indicate that people are still avidly looking for property and this is backed up by industry data which has confirmed that internet search activity over recent months has seen realestate.com.au experience record audience numbers and surges in buyer enquiries. For the week to 2nd November :
- Victorian searches in the buy site section are up 32% year on year
What technology do you have available to facilitate real estate transactions?
We’re using the latest technology to bring together opportunities, whilst keeping our distance! Online auction platforms, virtual property tours, video meetings, digital contracts and virtual property appraisals are all part of Brad Teal Real Estate’s leading edge toolkit.
Please contact the Brad Teal team via phone or email should you require assistance. We’re here to help.