COVID19 UPDATE
Buying Advice

What If You Still Want To BUY During Covid-19 Lockdown?

The Oahu real estate market is definitely not dead due to Covid-19. Yes, there are big ripple effects of the stay at home order, and business is not the same, but business is far from dead. Many buyers are still searching and are still making offers. In the week between March 23-29, over 70 transactions went into escrow on Oahu. That said, the picture isn’t all rosy. There have also been cancellations. This is to be expected with such an unprecedented event as Covid-19. However, Sellers are still selling, and Buyers are still purchasing. So how is it done when so many people are now working from home?

Oahu Escrows March 23-29, 2020

Home Buying During Covid-19 Stay-At-Home Order

The rules, in a couple of weeks since the lockdown, have all been changed. The popular Open Houses are GONE. Touring homes, even with appointments, have slowed down, but people still need housing and deals are happening.

  • In-person showings are limited, and may or may not be an option depending on the property. Luckily through technology, it is possible to keep doing the things that we were doing before.
    • 3D video tours, video, virtual appointments, Facetime have emerged as the new ways of previewing properties.
  • “I can’t see the home, but I want to make an offer.” If an in-person showing is not an option, the purchase process can still go on. Interested Buyers can still make offers. Once the Buyer and the Seller open escrow on a resale property, the contractual timelines, which include an inspection, begin. This is the time for the Buyer to do their due diligence and inspect the property either in-person and/or with a home inspector. If the property does not meet the Buyer’s expectations during this inspection time, the Buyer can then cancel the transaction.
  • New construction homes sales are conducted by appointment or virtual showings.

Different Situations

Many people are losing their jobs, are stressed, and don’t see how this could even be a subject for today. It doesn’t seem timely. There are Buyers and Sellers, however, who either want to or have to make real estate their priority, even in the time of turmoil. Some people simply need a place to live in. Others have to move. We all have different situations that we are dealing with. Real estate during this time isn’t for everyone, but for interested individuals, there are options for buying or selling while following social distancing guidelines.

NOTE: The stay at home order and the Covid-19 situation is constantly evolving. Guidelines may change.

Please contact me if you need assistance or have any questions about real estate on Oahu.

Kinga Mills | 808-722-3985 | kingamills@hawaiilife.com

If you would like to appear on our popular “Hawaii Life TV show on HGTV as you are purchasing your new home or condo, check out the casting opportunity.

Let’s stay connected

WEBSITE | BLOG | INSTAGRAM | ABOUT

Hawaii life and Chrisite's real estate kinga mills

About the Author

Kinga Mills

Kinga Mills is a REALTOR Associate, Christie's Int'l Real Estate & Luxury Portfolio Affilate, Military Relocation Professional with Hawai'i Life. I adore Hawaii, its people, and the natural beauty that surrounds me. I live on Oahu. It's a pretty incredible place to call home. There is a little bit of everything here. From pristine beaches and quiet neighborhoods to the trendiest of restaurants in the urban Honolulu. I simply love Oahu and the variety it offers. My real estate career allows me to enjoy the Island life, and to work with some amazing people. With over a decade of experience and hundreds of closed sales, I provide my clients with expert buying and selling advice. My goal for clients is to enjoy the process, while my team and I handle the details. As a member of the Hawaii Life Military Specialized Team, I regularly provide real estate assistance to active-duty military personnel who are PCSing to Hawaii, to the mainland, or overseas. For the Luxury Real Real Estate buyers and sellers, I am affiliated with Luxury Portfolio International and Christie’s International Real Estate. These exclusive affiliations extend an even greater reach, exposure, and effectiveness within the global luxury marketplace. In my time off, I love walking along the beach, enjoying meals out on the town, and taking family vacations. Sign up for my Oahu Hawaii Life blog updates and follow my journey. I look forward to helping in making your Hawaii Life real estate dreams happen! You can email me at KingaMills@HawaiiLife.com or via phone at (808) 722-3985.

Comments (0) Show CommentsHide Comments (Remember)

Cool. Add your comment...

Your email address will not be published. Required fields are marked *

Leave your opinion here. Please be nice. Your Email address will be kept private, this form is secure and we never spam you.

More Articles from Hawaii Life