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Posts Tagged ‘Pandemic’

Buying and Selling in Los Angeles During Coronavirus

Thinking it might be time to begin shopping for a home? Or selling your current one? But, maybe, like so many would-be house hunters and home sellers out there in Los Angeles right now you have concerns and questions about how Covid-19 has affected the real estate market and how to stay safe and healthy during the home buying and selling process.

The real estate market essentially all but disappeared after the stay-at-home orders in March, and has since slowly, but surely, made a big comeback. Today, in Los Angeles, homes are selling faster than ever before. In fact, the week ending August 1 saw homes selling eight days faster than the same week in 2019. Experts in the industry say changing changing needs during the pandemic and low interest rates have remarkably driven homebuyers to rush to the market. After staying home for months in 2020, many first time home buyers decided it was time for them to take the home ownership journey, while many current owners realized they needed a bigger home, a larger yard, an additional dwelling unit, or that they missed their friends and family back home.

But house hunting might look very different than it did before the coronavirus pandemic took hold. Here are a few changes and surprises to anticipate if you are planning to buy or sell during Covid-19 era, which may last into 2021 and beyond.

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