Long Beach Island Real Estate
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate, COVID-19, and Technology 
LBI Real Estate, COVID-19, and Technology 
LBI Real Estate, COVID-19, and Technology
Long Beach Island Real Estate
We are indeed living in unprecedented times. Coronavirus, or COVID-19, has changed how we all live our lives and conduct business. The LBI real estate market is no exception. Amid the real concerns about social interaction, agents throughout the LBI real estate market have been able to employ technology to help conduct business. LBI real estate, COVID-19, and technology have altered the real estate landscape and have provided new ways to buy and sell homes such as:
- Virtual showings
- Electronic document signing
- Virtual closings
By : Nathan Colmer | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
LBI Real Estate, COVID-19, and Technology
Showing a house is the most critical part of a real estate transaction. It also presents an opportunity for exposure. Therefore many agents are opting for virtual showings or video walkthroughs of a house. I am a big fan of this and have been providing this service for several years. While I have a tremendous amount of confidence in virtual showings, they have limitations and, in my opinion, do not take the place of an actual home tour. Instead, they should be used to narrow down a list of potential homes to the top choices only. My recommendation is those top choices should still be viewed in person. Virtual showings are helpful, but they are no substitute for the real thing. Instead, they can help to limit the amount of exposure and contact by dismissing unnecessary homes. Electronic signatures have been employed for some time now, but they are more critical than ever. We use a comprehensive management system that enables us to retain all documents in an electronic format. This helps to streamline the process. Lastly, the closing process has changed. While historically, closings took place in a room with the majority of the participants meeting face to face, that is no longer the case. Now, agents, lenders, and often the seller no longer appear. New Jersey has started to accept electronic notarizations in specific circumstances, which is a sign that closings may soon become completely remote. The good news is, technology enables us to conduct these closings safely and securely.
Buying and Selling in the Long Beach Island Real Estate Market During Coronavirus
Things have changed in the LBI real estate market as a result of coronavirus. Technology helps to make these changes easier…but technology does have its limitations. Too much reliance on technology when buying or selling a home in the Long Beach Island real estate market can lead to a costly mistake. As I mentioned above, a virtual tour is no substitute for the real thing, no matter how good it may be. Instead, technology should be employed to limit exposure and risk while not sacrificing the essential aspects of the real estate transaction. If you have any questions about buying, selling or investing in the LBI real estate market, please do not hesitate to contact me.
By : Nathan Colmer |LBI Real Estate Agent | The Van Dyk Group
Cell: 609-290-4293 | Office: 800-222-0131 | ncolmer@vandykgroup.com
Click here to search all homes for sale in the Long Beach Island NJ real estate market
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