Home >> Daily Dose >> Growing Importance of Real Estate Agents During Pandemic
Print This Post Print This Post

Growing Importance of Real Estate Agents During Pandemic

New Home Sales

The National Association of Realtors (NAR) found in a new survey that 65% of potential buyers who attended an open house within this past year felt comfortable enough with the safety precautions taken to say that they would have no hesitation to do so again.

Additionally, nearly 47% of home buyers felt that recruiting the help of a real estate professional was even more vital and desired than before the pandemic arose, citing peace of mind as the main benefit of such aid. Also, 54% of buyers and 62% of sellers agreed that specifically because of the uncertainty swirling around them thanks to COVID-19s impacts, the extra guidance from an expert was among the top of their must-have list now.

Also noteworthy, six out of 10 buyers and sellers surveyed counted real estate professionalsspecifically buying and selling of propertyto be an essential service. As to which part of this service was most valued and appreciated, a little more than half of those surveyed (51%) revealed that they found online listings most helpful for providing information versus if they would try to discover it of their own accord. Along this same vein, 56% of respondents felt that above and beyond the help of online listings, an actual real estate agent would be beneficial in saving them even more time.

All of this is good news for the industry, which many feared might suffer even more from the pandemic, especially in regards to buyers and sellers possibly eschewing jumping into the market altogether.

NAR President and broker and San Franciscos Malta & Co., Inc., Vince Malta, voiced his relief at continued buyer interest and also offered hopeful wishes for the future: The real estate industry—and our country—has endured some very challenging times for several months, but were seeing signs of progress and we are earnestly hoping the worst is behind us.

Malta also stated: While we celebrate homeownership month, we embrace todays version of homeownership and the unique paths homeowners take to realize their dream. For prospective buyers, the desire to own a home remains strong and the guidance, expertise, and professionalism Realtors provide is more important now than ever.

About Author: Andy Beth Miller

Andy Beth Miller is a well-established freelance editor and writer with almost 20 years’ experience working within the media industry, contributing to various publications such as Lonely Planet, Zicasso, Honolulu Star-Advertiser, Midweek Magazine, Kauai Traveler Magazine, HILuxury, and many more. She also currently serves as the Editor-in-Chief of ProcuRising Magazine, which enables procurement professionals to increase their knowledge base within a creative and collaborative community.

Check Also

Mortgage Rates Fall for Third Consecutive Week

Riding the hopes that the Federal Reserve will slow its pace of rate hikes, Freddie Mac reported that the 30-year, fixed-rate mortgage fell yet again, as house prices soften with 2022 coming to a close.