How to buy Property in Lockdown?
Even though the epidemic affected the entire world, certain enterprises in Dubai have achieved levels of success that they could not achieve when things were normal. Despite the fact that part of the country is still under lockdown restrictions, living in a pandemic is the new normal of the planet. During the lockdown, the real estate industry has been fast to alter its operations to fulfil buyer demand, with the overarching message being that property can still be purchased. But if the country was on lockdown, how were the deals made? More information on this issue is available from Money Maestro’s professional brokers in the sections below:
Virtual Viewing
Upgrading your skills to meet the demands of society has never gone out of style. Since last year, virtual open for inspections and virtual private viewings have been taking place. The industry has evolved incredibly rapidly; it has now become NORMAL in the last three months, and it’s fantastic to watch how buyers have acclimated to the process, which is conducted via Zoom, Facetime, or whatever social media platform they like.
Mortgage Brokers at Money Maestro have been among those upgrade Mortgage consultation providers in Dubai to offer their services virtually as well. Buyers connect with the agent to obtain the Zoom link, and the process is similar to a live open house with scheduled times. When the streaming is active, questions are asked via chat or live.
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Expert Advice
While lockout regulations vary by state, it’s reassuring to know that property purchases and sales can proceed, perhaps with a few tweaks to the process.
So, despite the lockdown, if you’re searching for financial assistance on buying a first home, an investment property, downsizing or upsizing, or refinancing your home loan, get in touch with Money Maestro’s professional mortgage brokers.
We have mortgage brokers throughout Dubai that will be at your service with all of the assistance you require.
You may be wondering why you need a mortgage consultant when you can get all the information you need on the internet?
While most purchasers conduct their own market research utilizing a variety of online resources, the value of a mortgage broker lies in the fact that we have more in-depth information and a clearer picture of the property’s VALUE and WHY it may have attained the price. Rather than relying on what is available on the internet, the mortgage broker has a much more in-depth understanding of properties.
So, If you want to own a home and already have a mortgage payment set aside to get you started, all you need is a dependable mortgage broker to handle the rest of the details, even if the country is on lockdown.
If you require any type of assistance, feel free to contact us.
Online Appointments
Covid has resulted in some beneficial consequences, particularly in the mortgage business, as the need for face-to-face appointments has decreased, with many lenders now permitting identification and appointments to be completed through alternative online channels. This has enabled brokers to serve customers all around Dubai by scheduling appointments in the comfort of their own homes and at a time that is convenient for them.
Some mortgage brokers may have more stringent criteria. The majority of lenders now release documentation electronically, saving time and allowing settlements to be executed considerably more quickly. Settlements can be scheduled when documents are returned electronically, depending on the outgoing lender.