Many people are asking me if the Covid situation is still having an effect on the real estate market. I see that we have a shortage of listings. I feel like many sellers are holding off
Corona Virus And Real Estate
How is the Corona Virus affecting the real estate market? It really depends on what area you live in. In my area they have said real estate is an essential business so therefore we are allowed to show houses and meet with sellers and list homes. When we show houses we will be wiping off door handles and the lock box before and after showings and practicing social distancing. Earnest money deposits need to be mailed and/or wired. During inspections the inspector has requested that the agent doesn't attend if possible and the same for closings.
We have had some sellers take their homes off temporarily and are suggesting if the house is occupied and they don't want showings that it would be better to put the listing on hold. We have had several accepted contracts during the quarantine. Things will get back to normal soon and while you are waiting feel free to search our website! http://stlouishomehunters.com