6 things you should know about Real estate sellers during COVID 19:
Mr Narendra Modi, Prime minister of India has announced 21 days of lockdown by aming the coronavirus outbreaks, that seller should keep patience and avoid the panic selling.
Across the world, the nations are locking themselves down as their economies are suffering while the unmatched coronavirus crisis continues to claim more lives. This economy fallout of this crisis would also be the results in 2008 like recession, an only bigger one and mainly widespread says the expert.
Now, it is important to prevent and control the community outbreak in the highly populated country like India, buyer and sellers in the real estate sector should brace some laziness even when it gets over.
Due to market prevailing conditions, sellers those who have put they’re in the market have to wait for a longer time for selling their assets. Following are the few things that can you do for using this period to market your property. Very effectively.
1. Create your presence online:
A. Create / Update your website
Nowadays everyone in this lockdown staying back to there home and want to be safe from COVID-19. During this period, you can create your professional website for your business. Creating a website and maintaining your social presence can help you to create an online presence and reach to your target area. AS well as for the buyer, you can be available for 24x7.
B. Listing Property Online:
Simply list your property on the online portal where you can give all the details, instead of investing people for the property visit. Property portal can reach to more audience, other than any property broker.
2. Virtual Property Tour Video Creation:
Forgiving more details or view of your property, you can create the video tour of your property. It can be done with a camera or with a smartphone camera with decent picture quality. You can just upload the video with the property listing or you can just send it to potential leads.
3. Video Calling for Meetings:
A. Clients
You can meet your potential clients through e-meet for further discussion negotiation deal. Reach to the people who are interested in your property and discuss the prospects of buying your property now.
B. Employee
Make regular e-meet with your Team member and discuss further planning and staying in touch with the clients for closing the deals. You can also reach to many people who are interested in property online listing through your team and try discussing different prospects of buying your property now.
4. Engaging potential Customers:
Try engaging your potential customers who already visited your projects or showing interest in your project. Try engaging them by send daily updates, images, videos, useful info, emails etc. which can help you to be in touch with your clients.
5. Increasing your skill & Educating your staff:
Keep your self and your team engage by learning new skill and method to improve your sales and marketing skills. Actually, this is the time to learn, analysis, and making new strategy and planning for future opportunities.
6. Renting it out:
You can try renting out of your property for a shorter time, it can create a problem if you keep it vacant. You can lend your property to the needy people and use accommodation until the situation is back to the normal.
The seller should always remember that this is not the right to getting panic for selling property. You can just take a break from the selling and marketing process and start again once the market gets opens.
Property prices aren’t going to fall or rise If you are expecting property prices to fall because of less demand or rise due to expensive construction material, you should know there is less scope for the same. While this is a temporary period when the buying is almost stalled because of restrictions, tech companies are making use of virtual reality and augmented reality to make the most of it and luring tech-savvy homebuyers. For investors, this prolonged period of lockdown might affect their liquidity due to which real estate investments will take a hit.
