Spring is fast approaching and this is the time when the listing of homes for sale and the surge of buyers start to increase in the real estate market in Alexandria. But how will the current COVID-19 Pandemic affect the market this spring?
There is a decline of new listings but inventory continues to be introduced on the market and there is a preference for sellers to accept a purchase offer without a hone sale contingency. With the COVID-19 pandemic, sellers are now required to sanitize and disinfectant their properties. Sellers now have to make arrangements for private showings with open houses now being closed to the public. Realtors such as Nesbitt Realty are now conducting appointments and negotiating contracts via Zoom.
Sellers and buyers alike will now be required to exercise patience and to take extra precaution while navigating the real estate market during this pandemic.
