Despite months of downturns across most sectors, real estate markets are thriving thanks to their technologically-savvy adaptation and creative sales methods such as postcards for realtors and virtual open houses. In fact, the pandemic might actually have helped improve real estate.
New Technologies Have Spread In the absence of in-person showings, realtors have quickly adapted new techniques such as virtual tours, mail-in postcards and e-closings to help boost sales. While virtual tools are still relatively new, potential buyers seem to be receptive to them, especially as foot traffic declines. Remote Purchases Are Easier Since the start of the pandemic, it’s become easier than ever to purchase property remotely. Buyers have been able to complete the purchasing process without visiting in person. Only the home inspection cannot be performed remotely; everything from negotiations to appraisals can. Professionals Are Indispensable The pandemic has also made professionals an essential part of the purchasing process. Realtors have risen to the challenge by pricing homes during downturns and helping buyers qualify for mortgages. What's more, working with an experienced realtor is the only way to gain access to the MLS, which is arguably the best way to find a new property. Despite tough times, real estate markets have remained strong. Quick adaptation and clever strategies such as virtual selling, postcards for realtors and remote purchasing have helped this sector beat the odds.
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AuthorI'm Greg and I've been active in real estate for over 20 years. I started this blog to help other real estate agents get more business. Archives
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