Before the coronavirus pandemic, buying a home you have never stepped foot in sounds like a choice in a game of “Would You Rather.” However just under one-fourth of buyers would now feel comfortable closing on a home that they’ve only seen digitally, according to a Realtor.com survey of 1,300 consumers. Though it might have sounded a bit strange before, buying a home on demand is easier than ever as realtors and home builders lean on digital tools due to social distancing. And with the virus so easily spread, if a homebuyer wants to find a home soon, digital showings and photos may be the only available method if they cannot wait for safer times. >
Realtor.com today released the results of a new consumer survey highlighting COVID-19's impact on home buying, selling and moving in the age of social distancing. The survey found that consumers, especially younger demographics, want virtual tours and are warming to the idea of buying a home without visiting it in person.
Realtor.com and Toluna Insights surveyed 1,300 consumers during the week of April 5 to better understand their thoughts on how this pandemic has impacted current living arrangements, future plans and feelings about technology's role in buying and selling homes.
Majority of living situations remain stable, but COVID-19 has sparked some changes