Nationwide there has been a general disruption with COVID-19, also known as the coronavirus. With the global pandemic unfolding, the real estate industry is not immune to its effects. To shoulder the temporarily new normal of isolation in the face of the current public health crisis, real estate brokers are relying heavily on technology more than ever to get deals done, Maria Avellaneda, a broker at real estate brokerage firm Compass, tells GlobeSt.com.
Avellaneda and other brokers are relying on technology to continue to do their jobs, transitioning anything that requires in-person communication to virtual interaction, such as having conference calls, setting up online payment structures and banking platforms.
“Everybody is trying to find solutions for daily problems so we can continue operating,” she said.
No one knows how long this virus will play out, in an effort to remain proactive Avellaneda said that relying on virtual tours and the use of drones to evaluate properties for investors is most recommended to limit physical activity. “Using technology, we won’t have the same volume of business but we won’t have a total disruption of business,” she said.
Source: GlobeSt
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