Believe it or not, there are many people around the country who have had good success in selling properties, even during this pandemic. Here are some reasons why:
- Federal mortgage rates have been lower than normal. For this reason, buyer demand has stayed relatively consistent.
- Real estate agencies have adopted new technologies. Many buyers actually prefer to have virtual tours of properties – at least for a first look. Additionally, the execution and delivery of legal documents have been allowed in most states. Technologies like these have been very successful.
- As restrictions lift, services related to real estate re-open quickly. It actually makes a lot of sense. When a house is sold, there are a number of accompanying services that are often initiated. For example, moving companies, home inspections, electricians, contractors, and services like these. This can be a real boon to a local economy, so officials are often quick to reinstate the activity of these businesses.