How Coronavirus Has Affected Real Estate

The coronavirus has changed the way we live our daily lives but I am committed to my clients and the Jackson Hole Real Estate Market is strong! Although we have restrictions on open houses now, Home Tours Are Happening Through Video Calls!

Mary Frances Coleman, Columnist for housing wire says:

Could COVID-19 lead to a change in the real estate industry and create a new process for purchase that does not involve up close and personal interaction? 

The technology landscape has made it feasible to instantly communicate, watch 3D videos of properties and the surrounding areas, perform lifestyle searches and even place your existing furniture in a property online. Maybe we don’t really need to see it in person before we buy it! We do that now when we book Airbnbs, or even hotels, for that matter. 

On the other hand, most of us understand that real estate will always require personal contact and experience. If you don’t physically interact with the property, how can you tell if there are smells in the house, barking dogs next door or if the neighbors have the flag flying outside of a rival football team?

COVID-19 has already affected the stock market, travel, the food industry, the real estate industry and, in some regards, how we maneuver through everyday tasks and life itself. Whether it will permanently cause a change in how we do business is yet to be seen.”

Another interesting read from REALTOR Magazine on how Home Tours Are Happening Through Video Calls