Home Purchase: Sight Seen or Sight Unseen

With COVID-19 still very prevalent, how are buyers and sellers changing their journey in the real estate process?

Many buyers are wanting to leave the big city and move to the suburbs for more space. Sellers are wanting more digital options to showcase their homes rather than host the normal “open house”.

Between February and early April, virtual tours on Zillow rose by nearly 600%, and listings with a 3D tour helped sell homes – with a 3D tour feature, there were 66% more visitors (digitally) and 90% more saves in April than those without.

Digital tools are rising to the occasion, and buyers and sellers are still making transactions. As the year ticks on with COVID, we’ll have to see what other technologies will be made and used to help smooth transactions and keep all parties safe.

For more real estate news, stop by Alliance Title’s blog.

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