Social Distance Real Estate Showings
With the outbreak of COVID-19, real estate in the Central Valley has dropped nearly six and half percent in the past month. But realtors have found ways to show homes social distance style.
Realtors are being proactive by having potential home buyers sign a release form stating that they are not experiencing any of the COVID-19 symptoms (cough, shortness of breath, and/or fever). They are also placing hand sanitizer at the entrance as well as wiping down surfaces with disinfecting wipes.
The best way to limit the number of people coming to see a home showing is by offering a virtual tour. By creating a virtual tour, potential home buyers can narrow down their search. While a virtual tour isn’t the same as seeing a house in person, it can give the potential home buyer a better idea of the layout of the home. The layout of a home can be a very important factor that home buyers consider when choosing their next house.
Should you put your house on the market?
As for putting your house on the market, it may not seem like a great time, but anyone looking to buy a home right now are most likely very serious potential buyers. So you’ll have fewer people looking but more people who actually need to buy a home right now.
Should you buy a house right now?
Interest rates are very low right now, so you can save a lot of money by buying a home right now. On the flip side, there are fewer houses on the market right now so that could increase the overall cost of your home.
Should you refinance?
If your current mortgage rate is high, you may want to consider refinancing. There are consequences to refinancing such as fines, so you’ll have to calculate if you’ll end up saving money.