Welcome to the latest installment of our real estate question and answer series. Every week we answer three questions from social media and the comment section.
Q: Is real estate still selling during the current COVID-19 pandemic?
A: Yes! In fact, we are seeing a lot of activity that is likely driven by people’s changing home needs. The various shelter-in-place and work-from-home orders mean people are using their home differently.
Q: How has the current health crisis impacted the hot market areas?
A: Here in the Bay area, and nationwide, we are seeing a trend of people moving to the suburbs and even exurbs (the more rural areas just past the suburbs). This is largely due to a need for private outdoor areas and larger homes with room for an at-home office. This same reason has prompted many people in urban condos to move to a single-family home.
Q: What is different about buying or selling property right now?
A: Additional disclosures and precautions help ensure the safety of the residents and visitors. We have adjusted our marketing strategy showcasing properties virtually – you may have seen some of our excellent property tour videos.
What questions do you have about San Francisco, the Bay Area, or just real estate in general? Please let us know by commenting below!