COVID-19 And Real Estate In 2021
Despite Covid-19, 2020 was one of the busiest years for real estate on record. Homes attracting multiple offers and selling well over asking price was an every day occurrence. Property values increased as much as 18% in some markets even though real estate was all but shut down for a good portion of the spring.
Now that we’ve turned the corner into 2021, don’t expect the demand for homes that drove the market in 2020 to simply disappear. Rather, 2020’s seller’s market should continue well into 2021. However, how the year begins under a provincial lock down remains to be seen.
Although real estate is deemed an essential service and real estate sales will continue through the lock down period, those who don’t need to sell a property would be well advised to sit tight and wait for the quarantine period to end. However, for those who need to sell, for financial reasons, job transfer etc., there should be no shortage of buyers for any new listings that hit the market.
The number one job for Realtors in this new reality will be to keep buyers, sellers and each other safe!
I am proud to offer my clients a comprehensive package of COVID-19 protocols designed to keep everyone in a real estate transaction, safe! SAFE HOME SHOWING KITS. Exclusive to RE/MAX Centre, will be standard equipment for all my listings. Factory sealed and individually packaged in a sterile work environment, each kit contains 3 masks, 3 pair of gloves, 3 pair of shoe coverings and sanitary wipes. When a home visit is absolutely necessary, SAFE HOME SHOWING KITS are designed to keep you and your family safe.
Our additional safety protocols include:
- Virtual showings and consultations
- Pre-list Home Inspections
- Interactive Virtual Tours
- Digital Floor Plans
- Electronic signatures
- Health Screening for home visitors
- Remote closing
These safety protocols will significantly reduce the need for physical visits to your home but in the event that a visit is necessary, prior to showing your home, the agent must fill out a form confirming they have reviewed a Health Questionnaire with their Buyer(s) as well as the Agent themselves. If the Health Questionnaire discloses any COVID-19 health concerns, the parties will be instructed not enter your home. If the showing is confirmed, visitors will be required to use the SAFE HOME SHOWING KIT. Showings will be limited to two buyers and one realtor. If you have concerns that are not addressed by these safety protocols, I would be happy to discuss how we can customize them to satisfy your concerns.
For those that are considering a move but planning to wait until the quarantine is over, having a market evaluation done now will enable you to hit the ground running once things open up again. Contact me and we’ll get it done safely!
Wishing you a happy and safe 2021!
Dean Manton Broker
RE/MAX Real Estate Centre Inc
MantonTeam.com
519-716-4663
[email protected]
