Buying a home during COVID-19 alert levels

With alert levels in place across the country, purchasing property has become more challenging for Kiwis to navigate.

Although these measures impact the way the industry operates, there is still activity in the real estate market.

If you’ve chosen to continue your buyer journey, here’s how New Zealand’s alert levels may impact your plans.

Alert level 4

If you purchased a property and settlement was due to occur during alert level 4, you first need to talk to your mortgage adviser or lawyer.

It is advised to defer settlements until moving homes is permitted, so you will likely need to contact the other party and agree how to move ahead.

For those wanting to buy soon, use this time to look at what’s available. Speak with a local agent and widen your search to see what surrounding areas have to offer.

Alert level 3

Settlement and moving is permitted at alert level 3. So, if you have a transaction underway, speak with your real estate agent about how to proceed.

When house hunting, you won’t be able to attend open homes or inspections in person. However, private viewings may be available for serious buyers.

Property inspectors and valuers can visit properties, and it’s important that buyers do their due diligence when searching for the right home.

Alert level 2

At alert level 2, you can attend open homes, auctions and private viewings.

Keep in mind that the agent organising these events may limit numbers to help with physical distancing, so it’s best to register ahead of time.

Buyers and sellers who deferred settlement during alert level 3 or 4 may now settle if both parties agree.

Talk to those in the know

In uncertain times it’s crucial to have an expert on your side. Speak with your local Mike Pero Real Estate Agent or Mortgage Adviser today for help to stay informed and keep your plans on track.