The past several months have presented several unique challenges for buyers and sellers in the Windsor-Essex real estate market. With the COVID-19 pandemic still affecting daily life for everyone, knowing how this affects you whether you’re looking at buying or selling is important if you’re about to enter the real estate market.
Windsor and Essex County already had an extremely hot real estate market before the pandemic, with most homes selling quickly and for well over the asking price. The market has seen consistent growth over the past few years, and even as the pandemic has gone on, the average price of a home in this region has continued to climb.
This means that, despite the extra challenges that COVID-19 has brought, buyers and sellers are still ready to move forward. With fewer listings on the market compared to previous years, the demand for the available houses is very high. For buyers looking to find their next home in this market, this means that having experienced real estate professionals on their side is more important than ever. For sellers, this can mean that, with the right guidance, this is the perfect opportunity to maximize the return on selling your home.
How buyers view the available homes has changed a great deal during COVID-19. While open houses are once again an option in this area, the use of virtual tours remains an important part of getting a close look at a home without having to visit in person. Getting a better look at a home virtually can help you make a more informed decision about whether it makes sense for you to visit it in person.
When you are ready to visit a home, there are extra precautions in place to make that process safer. These extra steps include:
These steps are designed to help protect buyers, homeowners, and real estate professionals during this time.
COVID-19 will also affect other services that you will need when buying or selling real estate, and these service providers will all be taking their own precautions to ensure a safe transaction. Lawyers, movers, home inspectors, financial institutions and more will have their own steps in place to help ensure the safe delivery of their services, and may have their hours and requirements affected by the pandemic. Knowing what extra requirements are in place from each one is an important part of ensuring a smooth transaction when buying or selling a home.
If you’re ready to buy or sell a home, but are worried about the extra challenges presented by COVID-19, let Beaumont and Associates help! Our team is here to walk you through the entire process and all the extra steps that are needed to help ensure the smoothest, safest real estate experience possible. To find out more, call Elaine at 519-971-4274, Caitlin at 226-975-4905 or email us today.
