Advice to Property Investors In Coronavirus Isolation | Ep. 197

In this episode, we share the advice we are currently giving to clients while they are under isolation as part of New Zealand's coronavirus outbreak. The first is that it is best not to sign a contract to purchase property throughout this isolation period. That's because you won't have the opportunity to conduct due diligence properly while in isolation. You can't conduct a valuation, or do a site visit, lawyers will likely be slow and banks inundated with other requests. However, you should use this period to get in the right position where you can invest after the isolation period ends. Once we all come out from our homes in 28 days, there will be deals to be done, and opportunities will present themselves. We are predicting three periods, all starting with M: Mum – a quiet period during isolation and in the first month after we all return to normal Momentum – the property market will likely start to gain momentum as investors look for deals and pick up properties from property owners who need the cash. Investors will find the best deals in this period Mental – As the property market has pent up frustration it will likely roar back to life.

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