Real Estate in the time of Covid
We have all had to change the way that we work in light of these unprecedented circumstances. Real Estate is no exception. While we have been declared an “essential service”, that does not mean that we are carrying on business the same way we did before. While things have changed the market is still strong. The need for housing has not changed and in the area of Guelph, Cambridge and KW there are still many transactions happening every week. It is important to remember that the majority of people move (buy and sell houses) because of a major change in their life. We often deal with clients that are choosing to buy and/or sell because of a job transition; job move, loss of employment or pay raise. Others are moving because of a marriage or divorce, birth or death, or the desire for a lifestyle change. During this time of uncertainty these other life factors become magnified. While things are constantly shifting right now, we do know that in times of upheaval “home” becomes even more important to people. We are taking the utmost precautions with our clients and our conversations have, and continue to, change.
We are taking obvious physical precautions like providing gloves, hand sanitizer and disinfectant wipes at listings, promoting social distancing while showing houses and doing our utmost to encourage virtual showings and open houses. We are also always looking out for the long-term interests of our clients. We understand that real estate is a long-term investment and we are invested for the long-term with our clients. We work to do our best to inform and advise our clients about the short- and long-term consequences of real estate, both positive and potentially negative. Utmost honesty and transparency have always been standard for us. All real estate professionals are adjusting, and the future of all markets remain unclear but for now at least, the real estate market is holding strong.
Buying and selling a home right now does require more vigilance physically and economically but with honest and informed conversations there is opportunity to make the right move if this is the right time for you.