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Every industry was influenced by a coronavirus, but in comparison with the beginning of the pandemic, now we can observe almost complete shutdown of many businesses and real estate, in particular. It was not difficult to predict that both sales and the number of new listings would face a significant drop in the number. However, if the beginning of the pandemic has discouraged almost 80% of buyers and they decided to take a pause, in two weeks, this number has reached 100% already. Consequently, real estate agents can experience the negative effects of the pandemic in all sectors of the industry. The most significant drop in sales is in the entertainment and vacation areas: the demand for restaurants, hotels, bars, stores has almost disappeared. The second worst impact is on the luxury property and second-hand homes. Many people who planned to buy homes are puzzled if they should continue doing that or it is better to wait for the decline in the number of infected people. When will the market revive and will it happen this year? What should real estate agents get prepared for? There are many questions left unanswered, but the point is the following: it is necessary to think long-term and change the customary approach to work at the moment to survive in the current crisis.

It often happens that people get bored with the interior design they have and try to change anything there. However, the pandemic or any other reason may make changes to your plans and the only way out is to look an alternative. If previously you should have hired an interior designer, carpenter, plumber, painter to get a new look of your room, now it is impossible to avoid a direct contact with them. Moreover, now is not the best time to hire a makeover team too. So how can you make the first steps towards your home new look? Virtual reality allows not only getting consultations of experts at a safe distance but even see how your home will look like after the improvement

Selling a property is a science and its key component is informative and spectacular listings. 9 out of 10 potential buyers look through the listings before turning to a real estate agent or calling by phone provided. The most important thing that attracts them is listings. It often happens that a potential buyer does not look at the description of the property until he scrolls all the images included. Only if these photos have been convincing enough he will try to learn more about an object for sale. It is clear from the previous paragraph that images play a significant role in the listings, but should people retouch them to make photos more appealing? Though it may sound unpredictable there are dos and don'ts of applying changes to the photos added to the listings and these tips will help you not to go overboard.

It is not a secret that the pandemic that started in February has slowed down the real estate market greatly if not stopped it at all. Brokers could close only those deals that were already made and it was almost impossible to find new clients. However, the first conversations about quarantine weakening became the initial point for the restoration of sales and rentals. And the biggest surprise was made by a sudden increase in new home sales that happened in May already. Despite the fact that the numbers of homes sold did not reach the 12.7% received in the previous year, there was still a good step forward that can be an indicator of the real estate market revival.

The number of homes offered for rent or leasing is constantly growing and prospective tenants become more demanding when it comes to the choice of the future dwelling. They are not ready to pay an average rental price if a home or flat does not look appealing to them. Sometimes, they even ignore listings that offer vacant property. Like people who want to buy a home but can’t visualize how it will look when staged, tenants would rather continue the search and avoid empty apartments.

Recent changes in people’s life and behavior caused by pandemic made video tours much more popular than they used to be. People continue buying and selling homes, but do not hurry to visit every object they are interested in in-person. Therefore, more realtors try to detailed short video tours of the property for sale for potential buyers to see everything they want. It is possible to return to the places they consider important and do that even if you hundred miles away from your future bargain. However, how can realtors make these video tours more appealing to buyers? Lack of experience may produce the opposite impression, so these simple tips will help real estate agents to avoid this rough mistake.

When coronavirus has shaken the world at the very beginning, it was difficult to predict that the consequences of this epidemic are going to be so serious. People and businesses were not prepared for such a challenge. Now when you should stay home, have little or no chance to run your business and can’t predict your future income many people start to panic. The same goes for real estate agents who can observe a sudden drop in deals and have been left without a possibility to perform their responsibilities fully. Experts say that there are still deals during a pandemic but their number has faced a significant drop. Most of them are deals that are waiting for closing while the number of new listings and people who look for property has decreased. People feel instability and worry about their health, first of all, so property issues have gone to second place. Moreover, a lack of people looking for homes leads to lower rates and therefore, potential sellers also doubt whether they should offer their property for sale at the moment.

It is always thrilling to spend big amounts of money, but what about the most tremendous purchase in your life? Probably, some of you had a feeling that it is a very responsible stage you have prepared for many years. It was a painstaking task to save these money and it often happens that you lack some minimum amount to complete the deal. Therefore, it is very important to know how to save on this global purchase and turn it to your benefit.

There are situations when people who have worked in a certain industry face some challenges or are tired of the work they do and start thinking of changing their profession for another one. However, it may be a great mistake since you can be a great specialist in your job and it is enough to wait for some time to get another boost and incentive to grow.One of the professions where not every person can become successful is real estate. Only a talented person with a certain list of skills, habits, and traits can generate leads and earn good money in this field. If you are a realtor or are thinking about getting this profession, consider 15 signs which will hint that this profession is the best choice for you.