Friday, April 24, 2020

Are Homes still selling in this Covid 19 Market?

Homes are still selling. 
We have not seen any decreases in home prices in Illinois or Indiana.

Some homes are selling just as fast as the pre-covid market.
Some homes are still getting multiple offers.
Some buyers are taking advantage of this lower buyer competition to buy houses.

Obviously, the number of showings are down due to the virus concerns.
Limited data shows that Vacant houses are getting more showings than occupied homes.
Keep in mind you don't need 10 showings to sell a home.
Just one buyer is all you need.

To protect our sellers, we have signage that states:
A maximum of 4 people can enter a home at a time and to please be sensible and caring. Don't enter this home if you have a fever, sickness symptoms or have been exposed to someone carrying the covid 19 virus. Please wear gloves and carry disinfectant wipes with you.

We also supply our sellers with shoe covers for buyer use during the showing.

Lockboxes eliminate the need for sellers to be present for the buyers arrival.
We also ask that the seller not be present and not return to the home right away.
Studies show that some small viral particles could float in the air for about half an hour, but they don’t swarm like gnats.

We also use video tours, so buyers who are reluctant to enter a home (unless they really like it,) can take a video walk through. Just as if they were walking through it on an actual showing.

Paperwork can be signed using electronic signatures.
This can be done on your phone or computer from the safety of your own home.
Even closings are being done in parking lots at the title company.
Safety is the number one priority!

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