The Covid-19 pandemic has changed the way we do business as Realtors.
We implemented new technologies for digital contracts and virtual showings, and we adopted procedures to comply with government mandates and keep you safe.
Here’s how the pandemic has shaped the way you buy and sell homes in 2020:
Enhanced Safety Precautions for Live Showings
Many sellers require potential buyers to wear face masks and shoe coverings when entering their home for a showing. Buyers are asked not to touch anything, to wear gloves, and use hand sanitizer.
You will also have to agree not to enter a home if you experience Covid symptoms.
Showings may be restricted to only 30 minutes, and there are no overlapping showings to avoid contact with other buyers. Your ability to see a listing at your desired date and time may be limited.
Touch-Free Transactions
Technology has helped Realtors to quickly adjust to the pandemic. Whether it’s virtual consultations by Zoom or digital signatures on your phone – a real estate transaction can be handled mostly virtual.
This reduces the number of people you have direct contact with and allows us to avoid spreading the virus.
Virtual Open Houses
We don’t recommend you attend live open houses. Instead, I create a virtual, 3D tour of all of my listings. This allows buyers to see every detail of a house before they spend time traveling to a live showing.
I also offer live walkthroughs via Facebook Live, and occasionally conduct virtual open houses by Zoom.
Covid Clauses in Purchase Contract
The Columbus Association for Realtors has amended its standard purchase contract with a Covid-19 clause.
It allows buyers to terminate or extend their contract without penalty if they or a family member are affected by Covid.
Low Inventory Leads to High Competition
The pent-up demand from Covid related lockdowns has created a very competitive sellers’ market.
For 2 months in a row we saw the average sales price exceed the list price in Central Ohio. This means buyers have to pay more than asking price to be competitive.
Many homeowners have delayed the sale of their property, while buyers are still out in force. This is why the inventory of active listings is at historic lows.
To see how the housing market is changing on a weekly basis head over to my Coronavirus Resource Page.
As Realtors we adjusted to the new normal. Homes are being sold every day, and we will do everything we can to keep you safe.
If you’ve been thinking about buying or selling, click here to schedule your FREE Virtual Consultation. Call or Text me at (614) 975-9650.