{"id":2493,"date":"2020-06-07T09:27:32","date_gmt":"2020-06-07T14:27:32","guid":{"rendered":"http:\/\/www.colemanmg.com\/30k\/?p=2493"},"modified":"2020-08-01T20:55:45","modified_gmt":"2020-08-02T01:55:45","slug":"coronavirus-real-estate","status":"publish","type":"post","link":"https:\/\/www.colemanmg.com\/30k\/coronavirus-real-estate\/","title":{"rendered":"10 New UPDATES: How Coronavirus Affected Real Estate and How to Overcome It"},"content":{"rendered":"

\"\"The world took a big hit in early March when the COVID hit us by surprise<\/strong>. All the normal things we did everyday from looking at tons of property to communicating with buyers and sellers just went out the window. <\/span><\/span><\/p>\n

You see, everything came to a halt just like a car running out of gas in the middle of the intersection. People were just dumbfounded on what to do and how to handle this pandemic<\/strong>. I knew something was wrong when all my free real estate marketing newsletter<\/a> readers started to decrease. When this happens, I knew the world we once knew was going to be a little different. <\/span><\/span><\/p>\n

I wanted to know how this new Coronavirus real estate market will start to affect business locally and across the world. The COVID-19 was here to stay<\/strong>, so how can we move forward in the world and real estate and still overcome the pandemic. <\/span><\/span><\/p>\n

For those reasons, I asked ten great real estate minds from sorts of backgrounds on how this is affecting their business and what we can do to overcome it. The content I received on this post is just remarkable, and for my readers, I’m confident you will find some value to pass on to your business and well.<\/span><\/span><\/p>\n

Let’s Go.<\/span><\/span>\u00a0<\/span><\/span><\/strong><\/em><\/p>\n

 <\/p>\n

10 Expert Coronavirus Real Estate Blueprints<\/h2>\n

\"HowAs an agent licensed in the States of Ohio and Kentucky, I would have never imagined something like a virus could cause the shutdown of large parts of the country. Generally, during a time frame (spring season<\/strong>) when my website traffic should be going up, instead of March 2020, my website traffic dropped off more than 60%<\/strong>. <\/span><\/span><\/p>\n

I had five deals in the pipeline that were delayed in closing also as a result. Of those five deals, three of them closed at a later date than initially scheduled, and two (same owner and same buyer for both properties) ended up falling apart.<\/span><\/span><\/p>\n

I work with quite a few real estate investors and clients who want to buy and sell homes for their own needs. Those who were actively searching at the time of the initial virus surge slowed down their plans to purchase properties.<\/strong> Now though, as the economies are opening up here in mid to late May, I am getting calls and emails from clients ready to start exploring the real estate market again, which is a good sign.<\/span><\/span><\/p>\n

While my website traffic is slowly starting to tick back up again, I think it may be a while before everything is back to normal yet. I will continue to post blog articles once weekly on my website as well as share information across my social media profiles. <\/span><\/span><\/p>\n

I am considering adding more video content to my website and social media channels to reach out to real estate consumers in a different format. Regardless of the economic impact and whether the economy is excellent or not, people will want to buy and sell real estate<\/strong> since people need somewhere to live. By keeping up my usual blogging and social media sharing, I will continue to reach out to those people. <\/span><\/span><\/p>\n

Paul Sian of Cincinnati, Ohio, works with home buyers, sellers, and investors in the Greater Cincinnati, Ohio, and Northern Kentucky area.<\/span><\/span><\/strong><\/em><\/p>\n

Website<\/a> – Facebook<\/a> – Twitter<\/a><\/span><\/span><\/p>\n

 <\/p>\n

\"How<\/p>\n

To get some opinions on the real estate market, I reached out to Bill Gassett of\u00a0RE\/MAX Executive Realty<\/a>\u00a0in Hopkinton, Massachusetts. Bill runs Maximum Real Estate Exposure, which is a well known real estate blog. Here is what Bill told me.<\/span><\/span><\/p>\n

“Antonio<\/strong>, thanks for the opportunity to share my expertise with your readers. I appreciate it.<\/span><\/span><\/p>\n

When the pandemic first hit, there was no doubt that my business was impacted in a fairly dramatic fashion. Not only were my listings sitting with little activity<\/strong>, but I was also not getting as many calls from potential sellers in the Metrowest Massachusetts area.<\/span><\/span><\/p>\n

That all changed in the last couple of weeks. The market right now is red hot. It feels almost like a typical spring market like the last few years. Numerous homes are receiving multiple bids and selling for over asking price.<\/span><\/span><\/p>\n

Are things different? They sure are! There are no open houses<\/strong>, buyers and their agents are required to wear masks<\/strong>, and showings are spread out.<\/span><\/span><\/p>\n

People keep asking me my opinion of where I see things headed both long and short term. I expect the next couple of months to be healthy but am more fearful of the end of the summer and into the fall. We still have an inventory shortage right now, but at some point, that could change.<\/span><\/span><\/p>\n

If more sellers put their homes on the market, will we have enough buyers to sustain the market? There are 40 million people out of work<\/a>. It would be unrealistic to think that some of those folks wouldn’t have been purchasing a home. The question is how many and will their jobs come back at some point.”<\/span><\/span><\/p>\n

Website<\/a> – Facebook<\/a> – Twitter<\/a><\/span><\/span><\/p>\n

 <\/p>\n

\"HowIn the past week, our website traffic to WebinarNinja<\/strong>, our webinar software, has grown over 400%, and our new users have tripled.<\/span><\/span><\/p>\n

Given the situation with COVID-19, many of our new users are now rushing to find a solution to replace their in-person training and workshops with live video<\/strong> webinars<\/strong>. Many businesses were running regular live events, training programs, and workshops that took place in large venues or offices and now need to move them online.<\/span><\/span><\/p>\n

We, as webinar software, always knew that this is where the future is heading, but the future just came early for all of us. As former educators, we saw this coming.<\/span><\/span><\/p>\n

For online business owners, webinars are not a new thing. Most of our users before COVID-19 ran webinar workshops to grow their audience and offered their paid training and services with webinars. One of our users and supporters, John Lee Dumas from\u00a0\u00a0EOFIRE.COM<\/a>, made over\u00a0\u00a0$2,000,000 in sales<\/a>\u00a0in 2019 with the use of webinars.<\/span><\/span><\/p>\n

Another user of WebinarNinja is The Merry Maker Sisters<\/a>,\u00a0who offer yoga, pilates, and mediation courses online and use webinars to promote and sell their courses.<\/span><\/span><\/p>\n

We have users from all industries: financial advisors, real estate agents, health and fitness experts, HR managers, life coaches, copywriters, artists, technicians…I can go on and on.<\/span><\/span><\/p>\n

Webinars and online courses allow people to learn from anywhere from any device. It gives access to information and training for a fraction of the cost of attending a live event<\/strong>. And that is not even accounting for travel costs. It also allows for the trainers and event organizers to run these events at a fraction of the cost of doing it live. It also mitigates the risks involved with doing live events.<\/span><\/span><\/p>\n

I have a few resources to help people with their first webinar or online training.<\/span><\/span><\/p>\n

– A free 7 part video course:\u00a0\u00a0https:\/\/webinarninja.com\/webinar-course\/<\/a>
\n– Full detailed guide:\u00a0\u00a0https:\/\/webinarninja.com\/how-to-run-a-webinar\/<\/a><\/span><\/span><\/p>\n

Feel free to use any content there or share the links.<\/span><\/span><\/p>\n

Our take and recommendation are to plan as if the current COVID-19 situation will continue for the next 18 months<\/strong>. It’s always better to prepare for the worst-case scenario if things improve, great! You don’t lose anything for planning.<\/span><\/span><\/p>\n

Optimism can be a weakness in entrepreneurship if it affects your planning and preparation. Always plan for the worse and hope for the best.<\/span><\/span><\/p>\n

Website<\/a> – Podcast<\/a> – Twitter<\/a><\/span><\/span><\/p>\n

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\"HowIn light of current market conditions, we wanted to share the way we are doing business and, really, the way we have been set up to do business for over a decade. The Dawn Thomas Team<\/strong> has created all new best practices to continue to serve our clients with a level of service that they have come to expect from us. <\/span><\/span><\/p>\n

Once restrictions ease, we will continue to utilize the technologies and systems that have been in place to keep you informed and to serve you better. If any of the \u201cvirtual\u201d<\/strong> terms or practices below are foreign to you, please let us know. We would be happy to explain to them or show you examples.<\/span><\/span><\/p>\n