Working with a Luxury Property Specialist is more important than ever if you are thinking of buying or selling your home in these ever-evolving and uncertain times. At the Robin Allen Team, we are here to assist our clients step-by-step, remaining committed as ever to you. Utilizing state-of-the-art and mobile-optimized technology our team is able to do our part with social distancing while continuing to conduct business.
Looking at past pandemics, such as the 2003 SARS outbreak, there is a significant decrease in home sales during the outbreaks while home prices only decreased slightly. With the data available for March, we see home sales have slowed down. Websites like Zillow are reporting a significant drop in online home searches as well. Most importantly, experts are saying there is no reason to believe that this dip in home sales will continue throughout the rest of the year. In and around Boston, the months of January and February were very successful real estate months. In part thanks to the mild weather, we saw the continued high demand for housing, and a shortage of inventory that we have experienced for years.
With low long-term mortgage rates and a shortage of inventory that is not going away, we believe the months of July and August will be this year’s “Spring Market”. For now, while sales may not be as competitive as previously thought, homes are still selling. There are buyers looking that are qualified and ready to purchase. Technology is playing the biggest role in the real estate market right now, and we don’t see that changing.
In the digital world we live in today the real estate industry has already become home to online searches, tools, and mobile apps. William Raveis has pioneered many of these innovations and technologies that are commonly used today and continue to be a trendsetter. Due to circumstances outside of our control, the homebuying process is relying on these digital tools to keep moving forward now more than ever. From virtual staging to virtual 3D tours let us guide you through the new normal of homebuying/selling.
Virtual 3D home tours and virtual buyer tours are taking the place of the traditional “open house”. Comprehensive photography is used to provide a 3D virtual tour of the property allowing homebuyers to explore every room from the safety of their own. Our team conducts live and pre-recorded virtual tours, approved by the homeowner, to allow buyers a detailed view of the home. Clients looking to purchase can visually discover all the interior and exterior features of the property they are interested in. Drone photography provides a dynamic perspective of each property that showcases the surrounding features and gives you a real sense of the neighborhood.
If you are looking to buy or sell, The Robin Allen Team is available to set up a Zoom conference where we can talk “face-to-face”. This way we can discuss what your real estate goals are and be able to follow through on providing buyers with the tools and information needed before they/you even step into the home. The health and safety of our clients and the communities we serve, as well as our colleagues and families, are of the utmost importance. The Robin Allen Team is continuing to take proactive and precautionary measures while we maintain our ability to provide our clients with a concierge level of service.
We are adapting each and every day to help our clients stay informed and connected. Partnered with William Raveis Real Estate, the Robin Allen Team combines their local knowledge and roots in the community with state-of-the-art technology. So, while you are at staying safe at home, let us be your guide to the real estate process.