How does a real estate transaction work right now?
How does a real estate transaction work right now? Answer: It changes every day.
The California Association of Realtors, as well as local associations, continue to work with county Departments of Public Health to provide and update directions for safely showing and selling properties. Open Houses have returned to the Bay Area, however with restrictions including limiting the number of parties inside a property, signing in to answer the standard COVID-19 screening questions, and wearing masks at all times.
Despite these restrictions, the Bay Area housing market is extremely competitive in 2021. The most popular listings can sell in only a matter of days, and condos, which struggled in 2020, are active once again. Buyers should expect to compete with multiple offers across all property types. Sellers should still pay extra attention to property preparation, especially curb appeal, as buyers tend to discuss the property outside on the sidewalk before and after appointments.
With plans for further reopening, we can hope that restrictions continue to ease over the summer months.