The world as we know it has changed, at least for a few months. Today we’d like to talk about how the Coronavirus changing real estate transactions affects consumers and what needs to happen going forward.
Let’s face it, people are scared about their health, job, economy, etc. This virus is scary and causes us to feel a loss of control. We as humans like to control our destiny and protect our family. We also know some buyers need to buy, and some sellers need to sell.
What can be done to alleviate fears, calm anxiety, and still allow for real estate transactions to occur. We’ve come up with some strategies to help our customers who want or need to make a move while all this virus stuff is going on.
One of the things we do is create 3D tours of our listings so buyers can walk through a home virtually. We also use professional photos to make the home look as real as possible to a potential buyer online.
The second thing we’re doing is creating virtual showings. Let’s say we have a buyer out of town, or local but trying to eliminate the number of homes they enter. Our agents can setup a virtual showing whereby we show the home on video and walk-thru. Buyers can ask questions and have us go back and show them certain things on video in real-time. We’ve had several buyers purchase homes using this technique without ever having to visit the home in person. We can video the back yard, neighborhood, amenities, etc. Anything the buyer wants to see in person we can do online. We also have some video walk-throughs like this one at 19694 Villa Rosa Loop in Estero.
We offer online mortgages too with zero-lender fees. This speeds up the lending process and requires no human interaction in person. Our team uses electronic documents as well, so customers can sign purchase or listing agreements, required disclosures, and all necessary paperwork electronically.
We now have a mobile app that let’s customers view properties anywhere in the country. Simply go to www.mobilesearchapp.com and search away. Be sure to select Brett Ellis as your agent. The app shows you how much you’ll save with the zero-lender fee option, as well allow you to search at the neighborhood level, not just the city and zip code level. Just type in a neighborhood and you’re good to go. It will also show you nearby open houses.
Video conferencing is a nice option to meet with your agent and discuss your needs. We can share our screen so you can see items on a contract or MLS printout, or simply talk face to face without any risk of transmitting or receiving Coronavirus.
The bottom line is just because the world is going through a health scare doesn’t mean you have to give up on your real estate needs. If you have a lease expiring, your landlord may not care that you don’t have a place to go. We’ve got to find alternative ways to accomplish our goals. The restaurant industry is adapting by offering drive thru, takeout, and delivery service. The real estate industry must adapt as well. In fact, this could become a model going forward.
We posted a video on our YouTube channel www.youtube.com/brettellisfl about how we’re changing to meet the needs of our customers. The current situation demands it.
We also created a Real Estate Coronavirus Mastermind Task Force for top agents to meet and discuss ways to help buyers and sellers conduct transactions in this challenging time. Buyers and sellers have needs, and we want to deliver results in a safe way for our clients and our families as well. Together we’ll weather the storm, and who knows, we might even create a model to more efficiently and safely sell homes in the future. As we study the effects of Coronavirus changing real estate transactions, we’ll constanly provide solutions to meet those challenges.
If you’d like to talk to Brett or Sande, give us a call at 239-489-4042 Ext 4. We can setup a video conference with you as well.
Good luck, stay safe, and Happy Home Buying and Selling if you’re in the market. We’re here to help if you need an agent with experience working through challenges like this.
See last week’s article “Real Estate Inventory Supply Tightens in SW Florida Since December”