Q: What Do Real Estate Transactions Look Like in This Pandemic?

Here’s why COVID-19 may have helped change real estate forever. 

Even amid the pandemic, some people still need to buy and sell houses. Folks moving into our area for work need housing and folks who have similar motivations for leaving need to sell their properties quickly. It’s truly surprising how many transactions we’re doing right now; I initially expected things to come to a screeching halt.

The pandemic has pushed the future into the present. What do I mean by this? Well, we’re doing everything virtually, be it presentations, consultations, showings, or virtual tours. More and more buyers are becoming dependent on these virtual tours to quickly and effectively narrow down their options on the market, and some buyers are even buying online—excellent photos and a drive through the neighborhood are enough for some to put in an offer.

If you need to sell, we can set up a meeting via Zoom to help you determine the value of your house. Though it may not be a physical meeting, all of your questions can still be answered, and our ability to deliver professional insights remains the same. I don’t think this industry-wide shift into virtual operations will revert back once the pandemic ends. Simply put, the use of virtual platforms has made real estate transactions more efficient from top to bottom.

The pandemic has pushed the future into the present.

For instance, if you’re looking to buy, we can send you all of the houses that meet your parameters. We can discuss the terms you like, run a full comparative market analysis, and do our own little virtual appraisal of the house. As the process moves along and you decide to sign on a house, we can send you digital documents via DocuSign. Though we’d be happy to meet with you face-to-face once this health crisis subsides, my point is that everything can be done from the convenience of your home computer or laptop; the real estate game has changed. 

I’m assessing the market day by day and taking a very cautious approach. I can honestly say that the market is still doing very well, at least for us. Houses are selling quickly, some even generating multiple offers. There are a lot of buyers out there, all equally driven but each with their own motivations. 

If you’re thinking of buying or selling soon, or you have any questions about our market, please give us a call or send us an email. We’d love to hear about your unique situation, address your concerns, and get to work making your real estate dreams a reality.