How to Buy and Sell Portland Real Estate During the Pandemic

FDVLKLIYTFDU3PG6SBQXXTYSA4
Charles Lewis of Nonprofit Home Inspections, which services Oregon and Washington state, uses a respirator in a crawlspace.

It’s nice to know that there’s still job security in the real estate market. Homes are still being purchased despite the pandemic. The industry has taken all necessary precautions to make sure we still thrive. This article dives into the procedures and safety measures taken for a safe home viewing, buying, and move in. One thing is for sure, this process will never be the same post-pandemic.

“…In the last three weeks, precautions to reduce the spread of the deadly virus have altered almost every aspect of a real estate deal, from seeing a property to signing the deed.

And yet, despite a whipsawed stock market and stay-at-home orders, properties are still being toured, inspected, appraised and sold.

As J. Lennox Scott, chairman of John L. Scott Real Estate, stated in his latest regional housing sales report, “the real estate market remains in motion.”

His March report saw a “surge” in sales activity in Portland metro homes priced below $250,000 and a “frenzy” for homes priced between $250,000 and $750,000. His assessments were based on low supply and the percent of new listings that received an accepted offer within the first 30 days of being on the market.”

Continue reading, here.