New Realities of Real Estate
August 28,2020 | Posted By Gary Macrides in Buying
While our current global landscape changed certain aspects of the home buying and selling process for the foreseeable future, we have quickly adapted to the new normal and so keeping the following points in mind will pave the way for success in today’s market:
Work is Getting Done from Home
After several weeks of sheltering in place, it’s not just business as usual, in fact we’ve noticed business is progressing and starting to settle into a new type of norm with new working situations. Similarly, Buyers and Sellers alike need to be flexible; adjust their expectations, and understand that right now, there are more hoops to jump through on everyone’s end. From delays in appraisals and inspections, to more scrutinizing in loan processing, underwriting, etc. which all may be unavoidable in today’s world, but transactions do ultimately go through. And so it’s crucial to keep focus on the process making that a priority rather than the outcome.
Priorities Have Shifted
To ensure the continued health of all parties, social distancing and required safety measures must lead the way in every step of the real estate process, from realtors waiting outside while prospective buyers explore a property, to hand sanitizing before and after, to having follow-up conversations over the phone rather than in person. Technology has been key in keeping the real estate market open for business, with virtual tours, videos, and digital staging a homebuyer can feel their new home while sitting on their couch. Buying your dream home or selling your current home is still a priority, but keeping everyone safe and healthy should be, and is, number one.
People Will Continue to Buy & Sell Real Estate
Admitting that we don’t have all the answers is difficult, but powerful. Honesty has long been one of the most appreciated traits of a trusted realtor. What we do know for certain, though, is that people still need homes in which to live and that fact won’t change anytime soon. There’s no need for sellers to take their listings off the market or buyers to give up on their home searches. In fact, more people are searching for and viewing homes online than ever before, which means more eyes on every listing, higher demand and rising prices.
Working together as a community allows us to navigate any uncertainty and come up with positive solutions. Now more than ever, your house is top of mind — and as always, we hope you will “Trust Us to Bring You Home.”
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