Category Archives: Posted in Industry News

COVID-19 and Real Estate – What’s Happening

It’s day…I’m not sure what day we’re at now – with our new world and life of social distancing.

It’s been a crazy few weeks, and things are changing and coming at us at a pace we’ve probably never experienced before. From so many things being closed or shut down, to having to learn how to work from home along with keeping our kids safe – and also making sure that they are continually learning, to caring for and keeping in touch with parents and family, sometimes only virtually. These are definitely trying times. It is a time of uncertainty, worry and, as we’ve all heard so many times, so unprecedented.

I just wanted to let you know that real estate in Ontario is continuing to carry on. Realtors and the real estate industry were deemed an essential service as many Canadians still need to move or sell homes during this time.

Real Estate and COVID-19: What you need to know

Real estate has been able to adapt like many other business. Here are some things that have been implemented:

  1. Public Open Houses have been stopped; however, virtual open houses are the new normal. An agent selling a home will still be able to host open houses through platforms such as Zoom, Facetime and Facebook Live.
  2. Conducting private tours for agents and their clients online so that they can view the home and ask any questions they may have.
  3. For in-person showings, making sure there are no double bookings to view homes (only one client in at a time).
  4. Prospective buyers should keep the number of viewers to a minimum. This is not the time to bring the kids or mom and dad to look at homes with you.
  5. For showings, sellers are required to leave all inside doors open (e.g. closet doors, pantry doors) and rooms accessible to limit the amount of outside touching that takes place in the home.
  6. Providing gloves, hand sanitizer and wipes for properties listed for sale to make sure the property stays clean.

These are all things that have been implemented, but if you do NOT need to sell your home at this time, I would recommend putting the sale of your house on hold for a while. As there are fewer buyers on the market right now, selling your home might be a bit more challenging.

On the other side of things, if you are looking to buy…this time of crisis might work to your advantage.

Continue reading COVID-19 and Real Estate – What’s Happening