Real estate is considered an essential service, but with so many potential buyers following stay at home orders and quarantining during the pandemic, agents are showing properties virtually.
Virtual home tours have grown exponentially in the last few months due to the virus. Before, most would have never imagined even considering purchasing a property sight-unseen, but now a recent survey showed that about 25% of shoppers in recent weeks indicated that they would buy a home without physically seeing it, according to realtor.com.
Realtors are now hiring videographers to produce video content far superior to their still shot photos and cellphone recorded tour videos walking a home. Realtors are seeing the value and paying the extra cost they feel will be worth it.
The pandemic has sped up the use of technology in real estate according to LendingTree, with options like 3D virtual tours, 61% of potential buyers surveyed have toured a home virtually.
53% of potential first-time buyers said they would purchase a home without an actual in-person tour and 18% of repeat buyers said they would be willing to do the same.