Real Estate in the Age of COVID-19: Suggested Best Practices
While many aspects of real estate can be conducted remotely, some elements of a transaction require at least limited in-person activities. In most transactions it is in the interests of both buyers and sellers for buyers to physically view a property before purchasing it, and there are any number of inspections to determine property values and to address health and safety issues. Licensees should attempt to perform activities remotely without contact whenever possible.
Both Dan Durden, the CEO of the Pennsylvania Builders Association, and Dr. Robert Dietz, chief economist for the National Association of Home Builders, reported that costs of building materials have been increasing dramatically.