Everything you need to know about real estate, following COVID-19


COVID-19 has caused the world to hit pause. Many industries are struggling to get back on their feet as markets start to reopen. Real estate has always been one of the most resilient industries for decades. Has anything changed in real estate over the past months? 

 

In the first few months of the year, a drop in online engagements was noticed. Eugene Bernshtam, a real estate developer, mentions that companies have started doing virtual showings to cater to clients’ requests. Facebook and Zoom are top platform choices for online home tours and open houses. It is obvious that most buyers are not willing to take the time to physically look at property options due to the virus.

Still, clients who are about to close a deal prefer to see the property in person, even if they have to break a few new rules placed due to COVID-19. Realtors leading showings and open houses may be a little strict about prospective buyers when it comes to wearing face masks and practicing social distancing. While the real estate industry is enjoying a little edge over other markets, the threat of COVID-19 is slowing down some of its processes. 



Eugene Bernshtam believes there will be better online options in the coming months as the world tries to recover from the blow of the virus. From digital home tours to online document-signing, the real estate industry proves it’s flexible and resilient.

Eugene Bernshtam currently leads real estate investment and development firm Avalon Holdings, LLC and its affiliated entities, specializing in apartment buildings and mixed-use properties. Visit this page for more from Eugene Bernshtam.

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