Virtual tours of homes for sale as the new norm. Buyers making offers on houses they have never set foot in. Almost all parts of transactions being conducted online.
Welcome to the reality of the coronavirus housing crisis.
Buyers and sellers and their agents grappling with an historic slowdown in sales have accelerated digital interactions.
“About a month ago, everybody was very busy,” said Glenn S. Phillips, CEO of Lake Homes Realty, a multi-state agency based in Hoover, Alabama. “But we have already seen across the board, not a complete stop, but a rapid deceleration. There’s a fear of ‘I don’t want to be around people and let people visit my home.’”
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