Doug Ford announced a “Stay at Home” order for the province of Ontario that came into effect at 12:01 a.m. on January 14th. Since the announcement, I’ve been getting a number of questions from clients about what this mean for real estate. The answer is — very little. Real estate will continue to be considered an ‘essential’ industry. Realtors are able to continue to safely provide services, with the exception of “open houses”, which were discontinued last year.

Now, more than ever though, it’s crucial to take advantage of the technology and cutting-edge virtual tools available. When marketing a home for sale, high quality photos, video, and a 3D tour are a must! In-person showings are still allowed through appointment. However, we strongly encourage buyers to have a good look through marketing materials before requesting a showing.

Matterport 3D Tour

 

Sometimes going to view a house used to be a family affair. Buyers would bring along their whole extended family to all view the home they were considering purchasing. Now with the second wave of the pandemic underway, it’s requested that only the ‘decision makers’ be present at the appointment. Before an in-person showing takes place, buyers must submit COVID-19 screening paperwork. During the showing, everyone is required to sanitize hands, wear a face mask while inside, and limit touching to what is necessary.

The ‘offer table’ is digital as well. Deal paperwork is signed with electronic signatures and submitted by email. Offers are presented and reviewed virtually, and deposits are encouraged to be made by electronic wire transfers or direct deposit. After a deal is signed, lawyers continue the virtual process to close the deal.

It’s clear the switch to digital is here to stay. I do hope someday soon we can return to life without masks and hand sanitizer though. Until then, let’s all stay safe.