In a year when we learn to do so much away, house buying is no exception. From working to attending school, shopping, and even seeing our doctors online, digital practices have changed our way of life.
This year, instead of delaying their home purchases, buyers – along with their trusted real estate professionals – turned to the internet to do more than just a typical home search. In some cases, they bought homes without even stepping in. Jessica Lautz, Vice President of Demography and Behavioral Understandings at the National Association of Real Estate Agents (POMEGRANATE), says:
“People haven’t really bought houses worth seeing, traditionally. It’s not a huge number yet, but it’s grown, and we’ve certainly seen that trend accelerate. “
According to NAR, through the coronavirus pandemic, one in 20 homebuyers bought a house worth seeing.
How Your Real Estate Agent Will Prepare
Today real estate professionals use digital practices to help homebuyers and vendors go through many steps in the process almost. Following the regulations defined by the Disease Control Center and all local guidelines, this year, agents quickly empowered buyers and sellers with virtual tours, 3D floor plans, high-quality photos, videos, online open houses and more. For those who needed to buy and sell homes in 2020, reliable consultants have made it possible in many markets.
Here’s a graph showing some of the digital choices buyers have found most helpful in their searches this year, as noted by NAR in the 2020 Profile of Home Buyers and Sellers:
The report also mentions that buyers this year were generally looking for eight weeks. During that search, they looked at an average of 9 homes, but not all were visible in person. Yahoo Finance notes:
“Buyers watched five homes online and four homes in person during the pandemic, compared to nine homes personally in 2019, according to NAR. This was the first year that NAR asked buyers to specify the number of homes traversed virtually. “
In true 2020 fashion, virtual practices have helped buyers safely narrow down their main choices, so they didn’t have to walk unnecessarily into more homes than they needed to see throughout the process. Here is the breakdown by region:
At a time when health and safety are top priorities, current technology is enabling buyers and sellers to advance their properties at their own comfort levels, even through a global pandemic. For many, this means that buyers no longer have to physically go through every home they want to see, and sellers don’t need to open their doors over and over again throughout the process. Security can come first, and reliable real estate professionals are here to help.
Bottom Line
If you’re ready to make a move, you may not have to pause on your plans this season. Let’s connect to determine the safe and effective options to buy or sell a home in our area or wherever you intend to relocate.
Content previously posted in Keep Current Things
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