COVID-19 has obviously had a major impact on businesses and industries all over the world. This impact will also shape how these very same businesses and industries evolve and adapt in the future. The Real Estate industry is no different, and in many ways has already started to evolve.
Real estate agents have begun showing homes via virtual tours with 360 views, along with video chats. Home buyers are putting in offers for homes based off internet searches, versus going to open houses to see the house. A study by the National Association of Realtors concluded that 52% of home buyers found the home they purchased by discovering it online, versus 6% finding it at an in-person open house.
Appraisers now have the ability to inspect some homes with a “drive by” or exterior review of the property. The exterior analysis combined with data available from third party resources about the property result in an appraiser never needing to step foot inside the home.
Overall, the real estate industry is evolving, and Advisors Mortgage Group will continue to evolve with it.
Call your Advisors Mortgage Loan Officer today to discuss the current market in more detail and to learn what you qualify for.
We Are Happy To Help” Call us at 855-LOANS-USA or visit us at AdvisorsMortgage.com
Sources: https://bit.ly/2yELXvc
By: Jon Iacono