by Greg Kiep
on Sunday, May 10th, 2020 at 2:22pm.
The coronavirus continues to impact the entire world - causing disruption and changes in all industries and the Boston real estate market is no different. As the situation develops and new aspects are learned, we continue to monitor and evolve with regulations to protect clients and better navigate the changing environment. These unprecedented circumstances impact all aspects of the real estate transaction from showings to closings and everything in between. At Berkshire Hathaway HomeServices Warren Residential, we continually read guidance from the National Association of REALTORS® (NAR), WHO, and CDC as well as local organizations to make sure we are operating in the best interest of our staff and clients' safety.
As an office, we are following Boston's guidelines for businesses and local orders. Our office remains closed and all employees are working remotely to ensure transactions are still processed smoothly and efficiently. We have always been at the forefront in our use of technology and have continued to utilize new and existing systems to stay connected through digital meetings, video conferencing, etc. Now more than ever, we understand that communication is one of the most important aspects of a real estate transaction and make sure that we are in continual touch with our agents, clients, and those involved in transactions.
For our buyers and renters looking at property, we are working with landlords and sellers to come up with a plan that prioritizes safety and health above all else. This includes virtual tours, one-on-one showings, digital floor plans, and more. We are working with our clients to understand their protections during this time and helping connect them with legal professionals that can answer questions about these unique transactions. We are also working to monitor what rules local luxury building homeowner organizations are implementing and making sure to follow any showing restrictions. By working together, we can minimize the impact COVID-19 has as individuals navigate the Boston real estate market and ensure efficient and timely transactions as much as possible.
The Boston real estate market is historically one of the strongest in the country. Although the situation continues to evolve and there are many factors that can impact the market, we remain optimistic as we navigate through these challenging times. There is a strong infrastructure in Boston comprised of universities, hospitals, tech firms, and other industries that provide a very solid foundation and high-paying jobs to support the Boston real estate market. Pairing this with the financial initiatives and assistance of the federal and local governments provides a cautiously optimistic view of Boston weathering this time. We are constantly monitoring market statistics and are here to answer questions you may have - just reach out to us!