Spring season usually looks a little different for the Knoxville real estate market than it’s looked in 2020. Speaking for the members of The Bedros Team, we are grateful to be deemed essential workers and to continue assisting our clients to buy and sell their homes at a time when “home sweet home” has a whole new meaning. During the past few months, we have learned how to adapt to best serve our clients during uncertain times, and as a team, we know that many of these adaptations will continue to be a part of the process moving forward.
If you are preparing to enter the real estate market during 2020, or even 2021, here are a few changes to expect.
Your computer mouse is now our newest real estate team member. Virtual property touring is not a new tool in the real estate toolbelt, but it’s now one of the most important. Offering virtual home tours will allow buyers to imagine themselves in the space and to make more informed decisions about whether or not the home will meet their wants and needs. There are two main types of home tours. We will use one of our recent listings as an example. 1100 Oak Chase is a stunning home packed full of features. To best display the open living areas and unique features such as a walkthrough pantry, our team offers two types of virtual tours: a video overview and a 3D walkthrough. Buyers can virtually walk down the stairs and imagine how they could use the spacious walkout basement by turning it into a gym, entertainment space, art studio or workshop. By taking a virtual tour first, buyers can decide if they want to move forward with an in-person visit, and sellers can reserve in-person tours for serious inquiries.
We understand that not every property listing will offer a professional video tour or a 3D walkthrough for buyers to view virtually. If buyers are interested in a home that does not offer these, video chat tours and agent-filmed videos are alternative solutions. Our team members will gladly chat with buyers on Zoom, Hangout or Facetime as they walk through a home.
Sight-unseen sales are uncommon which means in-person tours will still be a part of the buying and selling process, and they will require new precautions. Protective equipment such as face masks, gloves and booties will become a lasting part of home touring outfits for both agents and homebuyers. Additionally, we will see new measures set in place to minimize the number of people touching doorknobs, light switches, appliances and any other surfaces. After each tour, the home must be sanitized properly for the next interested buyer. Our team members are happy to offer sellers advice for how prepare their home for showings. We encourage both buyers and sellers to be transparent about their comfort level and ask questions if they have them. We want to take every precaution we can to ensure the touring process is safe for everyone involved.
Another change that we can expect from the COVID-19 pandemic is a shift in the homebuyer’s mindset about what home features matter most. In a post-quarantine world, many predictions suggest that working from home will be more common. Many companies have allowed employees to work from home for the past few months and will evaluate if that is a sustainable solution to cutting overhead costs. Home office spaces may be a new top priority on a homebuyer’s list. Buyers may also look for more creature comforts after spending a considerable amount of time at home. Luxuries like ample food storage space, outdoor living areas and better kitchen appliances may land on the buyer’s priorities list. Buyers who have sanitation at the top of their mind may look for homes with mudrooms and easy to clean countertops and flooring.
It is inevitable that the COVID-19 pandemic will continue to evolve, and we will see more changes in the home buying and selling process. We have not created an exhaustive list of changes because we are still learning and adapting to new ways to assist our clients in a safe, healthy and efficient way. We can say that the market has NOT come to a standstill for our team. We experienced a record month this April and are still helping home buyers and sellers daily.
If you are looking to buy or sell in East Tennessee, please do not hesitate to contact us at 865-694-5904 or by emailing firstname.lastname@example.org.