Boston Condo Sellers react
The National Association of Realtors reported this week that, because of coronavirus, nearly 1 in 4 home sellers nationwide are changing how their home is shown to potential buyers.
Sellers are in some cases halting open houses, requiring prospective buyers to wash their hands or use hand sanitizer, or asking buyers to remove their shoes, according to an NAR survey of 2,518 members between March 9 and 10. Just 3% of respondents to NAR’s survey said homes were removed from the market due to coronavirus.
About 16% of respondents to the NAR survey said coronavirus has led to decreased or significantly decreased interest from buyers, but 78% said they had not seen any change in buyer interest. And lower mortgage rates are a more important factor to home buyers than what’s happening with the stock market, according to NAR data
Boston condo sellers & real-estate brokerages are adapting by promoting tools such as virtual or video tours of homes to limit in-person showings, although some real-estate professionals acknowledged that buyers may still want to visit a home before making such a significant purchase.
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