Fete Lifestyle Magazine April 2020 - Spring & Thoughtfulness | Page 27

hese unprecedented

times are certainly a

challenge for many and the real estate industry is definitely on that list. As a real estate agent who is 100% commission based, this certainly has been challenging on so many levels. There is no doubt that we have seen a slowdown in the market which is unnerving. But what is interesting is that we have seen it shift to a very different market in an extremely short period of time. What I mean by that, is that we are not only having to do things in a very different manner typically done in real estate, but we are seeing many sellers that did not need to sell pulling their homes off the market resulting in less inventory. We also are seeing that many buyers that may have lost their jobs or did not need to buy put a pause on their home search. Alternatively, we have seen many more serious sellers that are ready to strike a deal with the buyer. They need to sell for whatever reason and are not interested in going back-and-forth playing games. They want to sell! And with buyers, we are rarely seeing tire kickers that want to see dozens of properties before deciding. They are able to go online, see the virtual tours and videos and only go to see properties that they are seriously interested in from what they saw online.

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