Since real estate is considered an essential business here in Los Angeles County, there are still plenty of ways to view a property. We make sure we create 3D virtual tours for our listings so that buyers online can better understand features and layouts before moving forward with an in-person viewing, which requires extra safety precautions.
Gone are the days of bringing your entire family into a home showing—only the decision-makers responsible for the purchase will be allowed to tour a property. There won’t be open houses to attend, but private showings (with the proper protections) are still common.
“Buyers can enjoy significantly reduced competition on the market.”
Ultimately, homes are still selling, and rather quickly at that. We just had a listing in Sylmar receive seven offers and sell for $30,000 above list price; it only took a couple of days to get it into escrow. With rates dropping, buyers are taking advantage of the situation. Yes, plenty has changed, but supply and demand haven’t. Since there’s a 65% to 70% reduction in our showings, buyers can enjoy significantly reduced competition on the market.
If you have any questions about real estate or you’re interested in buying or selling but don’t know where to start, reach out by phone or email. I look forward to hearing from you.