Buying or Selling
a Home During COVID-19

The Impact of COVID-19 on Real Estate

In late March 2020, the Department of Homeland Security listed “residential and commercial real estate” among the businesses and critical operations deemed essential to American safety and security. Why? Because even in the midst of COVID-19, people need a place to live!

While our work lives and daily routines are on hold during the coronavirus outbreak, rest assured that real estate firms are still doing business as usual. Realtors play a crucial role these days, ensuring that buyers and sellers aren’t left in limbo during this transition. We also help families relocate, and adjust to their new homes and communities.

Wondering how coronavirus will impact buying or selling a home? Check out some real estate and coronavirus FAQs and a helpful video to learn more about navigating this strange time.

Frequently Asked Questions

There’s nothing quite like having a full house during a pandemic to make you realize that you need more space for your family to spread out. Two bathrooms may have seemed like enough a few weeks ago, but you may be kicking yourself now for not buying that home with the third bathroom. 

The need for increased square footage is about more than just comfort. Many folks who’ve recently begun working from home and homeschooling children are quickly coming to understand the necessity of increased indoor and outdoor space. Requests for larger yards and space for a home office—preferably one with a door—are some of the top concerns we’re receiving.

Before you start constructing an outhouse or creating a desk in your hallway closet, talk to us about upsizing from your current home. We can help you build an adequate wishlist for your next home and prepare you for relocation during this unusual time.

With mandatory shelter-in-place and social distancing measures across the country, showing a home isn’t as easy as it was before. To help buyers find their potential dream home, Wilson Associates and other realty firms are getting creative and going digital. 

We’re currently providing in-person tours of vacant homes, in addition to virtual home tours, FaceTime showings and live video showings for occupied homes. We’re also working closely with buyers and sellers to find serious clients and the best fit before making any showing appointment. And to help buyers assess every square foot, we provide ample home information, detailed floor plans and professional photography for every listed property.

We understand that buying a new home is a large and personal investment. Sometimes, you need to see the space before you can make a decision. If you prefer an in-person home tour to seal the deal, we’ll provide all the mandatory medical supplies recommended by health organizations to ensure your safety.

At Wilson Associates, we’re currently working with home inspectors and appraisers to develop best practices and guidelines for halting the spread of coronavirus. We make sure that everyone who steps foot in a listed property is taking the necessary safety precautions. This includes proper protective gear, such as masks and gloves, along with disinfecting after an inspection or appointment.

Of course! Much like home tours, contracts and listings can be completed entirely online nowadays. Closings can be conducted via a drive-through signing or virtual appointment. Likewise, money can be wired to each party to complete necessary transactions. In fact, the majority of real estate attorneys in Greenville, SC, have already begun no-touch signing packages and drive-through closings.

You bet! Right now, most homebuyers are hungry buyers—they need a new house and they need it now. Add to that, with mortgage rates at an all-time low, buyers are climbing out of the woodwork and eager to take advantage of the opportunity.

Despite this blip in the economy, it’s important to note that the national housing market remains strong and stable, particularly in upstate South Carolina. In fact, in the greater Greenville area, the demand for housing is greater than the supply. Even during COVID-19, you’d be surprised by the number of interested homebuyers we talk to everyday!

You are essential to us.

We know this is an unusual and unsettling time. We’re committed to helping buyers and sellers navigate the real estate process as safely as possible during this pandemic. Real estate is an essential business––and you are essential to us! 

Need to buy or sell during COVID-19? Ready discuss your dream home wishlist? Contact us to speak to one of our agents today.

Wilson Associates Newsletter Sign Up