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The stigma that has been historically associated with a home's "days on market," as it relates to home sales is soon to be a thing of the past.
The real estate market is definitely not operating in a traditional manner during the coronavirus pandemic but real estate professionals have been working behind the scenes to ensure that the industry remains a safe haven amidst an upside-down world.
There are still an incredibly large amount of unknowns out there but we are doing our best to operate after the shocking developments that came in March.
CORONAVIRUS SLOWS, BUT DOESN'T STOP REAL ESTATE LENDING: REPORT
For people who have been considering selling, it might not be necessary to wait. One benefit of Americans being home all day is that they are online all day long. ALL DAY.
I'm online while I’m typing this. My screen time on my iPhone is up to embarrassingly high numbers. I'm literally averaging 14 hours a DAY on my phone.
Eventually, we will all find a way to a real estate site, or at least search homes on Instagram. It's inevitable, kind of like those cookies in your pantry are going to get eaten by the time you’re done reading this article.
Real estate professionals are working tirelessly behind the scenes to keep up their social media presence and to strengthen their strategies. Platforms like YouTube, Zoom, Facebook, Instagram and Twitter are making it easy for sellers to remain connected with prospective buyers.
We are in the fishing business and the most successful agents are the ones that are casting the widest nets.
HOMEBUYERS VIEW CORONAVIRUS RECESSION AS IMMINENT, BUT STILL READY TO BUY
The most unconventional aspect of this new age real estate industry is the fact that touring homes is currently impossible, as it should be. I’ve taken a hard stance for ALL OF US to STAY HOME for almost a month. Ironically, people are staying home – as they should be.
Prospective buyers will most likely remain hesitant to buy before they can physically tour a home but we can all pivot and redefine the way we work.
The minute that people are legally allowed to take a physical tour, the market is going to boom. It’s like when the new iPhone comes out. We want and expect lines out the door, just no tents, please.
People will be lined up at the doors of those homes they have obsessed over for months.
In the meantime, real estate professionals are utilizing virtual tours to keep buyers excited, and it is working, and relationships are getting back to the core — the heart.