As we all know buying or selling a home can be stressful under all circumstances and the current state of the world is far from ordinary. Sales have fallen off slightly, however there are still a lot of people buying and selling right now (if you want a better sense of the current market visit www.JeffHowardGroup.com/marketupdate). Since, as they say, “the show must go on”, Real Estate agents in the Las Vegas Valley have come up with a few ways for buyers and sellers to accomplish their goals safely.
If you’re ready to sell or buy, here are a few new “rules” to keep in mind when entering the real estate market in the era of social distancing.
Increasing Online Presence – One of the big changes to the real estate process is an increased dependence on online resources instead of in-person shopping. This includes lots of pictures and videos of properties being posted online, however many sellers are taking things even further than this. Recorded virtual tours, online conferences to allow buyers to ask questions about the property, and even livestream walkthroughs with a seller or agent showing the property are all increasingly popular options to supplement or even replace in-person showings.
Open houses have been cancelled due to social distancing and Realtors want to make sure everyone feels safe. In Nevada they have been banned for now. Online “virtual open house” conferences are popping up as one option to adapt to this, letting multiple potential buyers come together on Zoom or a similar video conference service at the same time to get a better feel for the property that’s being sold.
While this may not be enough extra information to decide if that is the home you want to buy, it is often enough to eliminate it. Photos tell part of the story, but a virtual walkthrough tells much more. Because of this, we have reduced the number of homes buyers needs to personally visit to find the right home for you and your family.
More One-on-One Time – Since online access and virtual tours show so much of what buyers want to see, there are a few that are signing on the dotted line without getting a chance to see a property in person first. Most agents are meeting with potential buyers by appointment only when a potential buyer still wants to visit the property in question, and everyone is encouraged to restrict the size of the meeting as much as reasonable. These appointments should be made with the understanding that if any participant feels the least bit under the weather on the day of the meet-up, then it will need to be rescheduled for another time.
Respecting Social Distancing – When buyers and agents do meet up, the process is usually a little different than it used to be. Social distancing rules are usually respected; meaning that everyone involved should stay at least six feet apart from anyone they don’t live with to prevent potential infection. Your agent is going to take his/her car separately and you’ll drive your family in yours. Discussions about the property and general Q&As are more likely to occur outdoors in the open air, and any greetings or introductions skip out on traditional handshakes. Masks, gloves, shoe covers and hand sanitizer are used, and many sellers go through and open all of the doors and windows to both maximize airflow and to allow interested buyers access to the entire house without having to touch doorknobs or other surfaces in order to see inside.
Closing Remotely – Remote closings are becoming much more common, taking advantage of video conferencing to bring everyone together without actually having to be in the same room. There may be some instances where people must meet in person to have some items Notarized, but digital signing is substituted when allowed because it removes that point of contact. When people do come together to sign, everyone will utilize social distancing and pens won’t be shared.
We expect some of these practices to “survive” long after this incredibly disruptive virus is under control. If you have any questions about how to buy or sell in “the new normal” please contact me and my team & I will “hold your hand” through it… figuratively of course… not literally.
Real estate is still being bought and sold. Do you have a need for commercial / industrial / retail buildings or land? Are you ready to buy or sell a home? We can help you with that, safely… just call us at 702 SELL NOW or click on this link to my website http://www.702SellNow.com
Choose to have an amazing day….Jeff