FROM THE CEO
In the wake of the coronavirus epidemic, evidence of a shaken-up society is all around: Traffic is scant on streets, restaurants are suspending operations, events and hotel bookings are being canceled, global supply chains are being disrupted and brick-and-mortar activities are declining. While all of these lend credence to reducing the spread of the pandemic, the notion of social distancing or self-isolation could become a hurdle for individuals in the market for a new home.
The multi-geographic nature of the real estate industry makes planning, preparedness, and communication essential in the event of a pandemic. Developers inherently have a high standard of responsibility especially in these uncertain times, as there is an increasing need for Industry leaders to strategize on other ways buyers can navigate the property market with safety.
As a customer centric firm, we understand that the impact of the virus is a major concern for all our clients and prospective clients, and are putting in all efforts in ensuring your safety by increasing our use of technology and ensuring that all staff adhere to recommendations around social distancing and proper hand hygiene especially at private tours and inspections.
I believe in the coming months when we collectively look back at this period, we will recognize and appreciate the benefits of technology in the industry. Stay Safe.
Chief Executive Officer
Bilaad Realty Ltd
WITH EMPHASIS ON OUR PERSPECTIVE
The novel coronavirus, also known as COVID-19, has had a ripple effect across several major markets across the world. The Real Estate sector is not an exception, as the outbreak has also led to a detrimental effect on traditional real estate practices, which have become a tough tightrope to walk as agents try to balance job responsibilities with common-sense measures to protect buyers and even themselves.
As the selling season gets underway and the number of coronavirus cases rises across the world, some agents have had to come to terms with the harsh reality that the outbreak is putting them in the delicate position of forgoing common practices such as holding open houses, giving site tours, or shaking hands to contain the spread of the COVID-19 disease.
With certain events cancelled due to health concerns and individuals avoiding public places, it begs the question:
Is it safe for buyers to continue the search for a new home?
While spending a weekend bouncing around open houses, visiting construction sites, or going for inspections to stay updated on the progress of your investment definitely does not qualify as social distancing, there are other safer ways to carry out your home buying activities.
- Take Advantage of Technology
For years people have been able to take virtual tours of listed properties and watch, or even participate in live-streamed showings. Today, however, these hi-tech services that were once an “added extra” are proving to be a vital ingredient for concerned buyers and sellers who cannot get to an inspection due to travel restrictions, or self-isolation.
Virtual tours and inspections are available to support buyers overseas and those unable to attend opens to inspect properties. Equally, we have the facility in place for viewings to be live streamed and for buyers to watch site progress remotely through our live feed cameras, or social media platforms.
- Take Precautions
Real estate is a total contact sport—shaking hands, contact with frequently touched surfaces during viewings, signing documents, and so on. There is a strong emphasis on basic precautionary measures to combat the virus as opposed to blind panic:
- Proper hand hygiene,
- Use of face masks
- Avoiding close contacts from people who are sick
- Clean and disinfect frequently touched surfaces
While the realities of the pandemic may have complicated many things, including the way we buy and sell real estate, Bilaad Realty is rising to the challenges presented by COVID-19 and is taking every precautionary measure to safely assist clients with their home buying activities in the face of the new constraints we all face.