While it may seem as though the world is at a standstill, real estate keeps on ticking.
COVID-19 has changed much on how agents, buyers, and sellers conduct real estate business – but like other businesses, the real estate market has learned to adapt.
Listing data, well-done photos, and virtual and live-video tours are now a major focal point of how buyers and sellers can buy or sell a home.
According to a recent survey from realtor.com® and Toluna insights, 21% of respondents say that COVID-9 has made them more likely to move into a home sight unseen in the future.
How are buyers and sellers willing to adapt? Below are the technology feature preferences that clients believe are most helpful when deciding to purchase a home with social distancing guidelines in place:
- Virtual Tour of the home – 61%
- Accurate and detailed listing information – 58%
- Accurate and detailed neighborhood information – 53%
- High-quality listing photos – 51%
- Agents showing the property through video chat – 39%
While this may seem like an unpredictable time, it looks like the real estate world is adapting and keeping it business as usual – with social distancing in mind.
For more real estate news and tips, check out Alliance Title’s Blog here.