The COVID-19 pandemic has commanded change for many things, including the ways to purchase and sell a home safely. It is important to know that real estate is classified as an essential service, and that real estate firms, banks, and title companies will continue to operate, as they are considered essential businesses in Wisconsin. Fortunately, that means you will still likely be able to close on your home during this ambiguous period.
We are learning that there are still many people that need to purchase or sell a home in the Oconomowoc area. Here is an overview of how home buyers and sellers can adapt during this time of change.
With more people sheltering in place, many home buyers are relying on viewing houses online. With that said, virtual tours have grown in popularity to help showcase homes and boost buyer interest. Some realtors are even offering virtual open houses through Facebook Live.
The newer technology for virtual showings is impressive. Check out an example, and tour a home by Franco-Swiss architect Daniel Grataloup HERE.
For the most part, open houses have come to a halt, however serious buyers often still want to view the house in person before making an offer. Some safety protocols you can implement include:
As of today, houses are still closing but you need to be prepared for potential delays, which may trigger the need to extend the closing date. It’s important to understand that banks are struggling to keep up right now due to low interest rates provoking more people to refinance or obtain mortgages, along with adjusting to new procedures attributable to the spread of COVID-19.
If you or someone you know needs to purchase or sell a home in the Oconomowoc area, please reach out to us. Our team is here for you, to help answer questions and customize an approach that you are comfortable with.
Thank you for putting your trust in us for your real estate needs. We value the opportunity to serve you during this time of persistent change.
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