'Sight unseen' home sales on the rise during coronavirus pandemic

'Sight unseen' home sales on the rise during coronavirus pandemic

The coronavirus has caused a decline in real estate sales overall, but South Florida realtors say they're seeing an increase in "sight unseen" closings.

CAUSED A DECLINE IN REALESTATE SALES OVERALLREALTORS SAY THEYINCREASE IN*SIGHT UNSEE*CLOSINGS& WPTV NEWSCHANNEL 5MICHELLE QUESADA DIGS DEEPERINTO WHAT THE MARKET LOOKSLIKE IN OUR AREA&<< ITPRACTICE TO BUY A HOME YOUONLY TOURED VIRTUALLY&.

BUTCOVID-19 HAS CAUSED ANINCREASE IN*SIGHT UNSEENSALES&.

3:37 WHEN YOU TRUSTYOUR REALTOR AND YOU HAVE THATRELATIONSHIP IT MADE THEVIRTUAL BUYING A HOUSE SO MUCHEASIER MELISSA RIZZITANOZOOMING ME WITH ME FROM CAPECODHOME IN PALM BEACH GARDENSWITHOUT EVER SEEING IT INPERSON.

HER REALTOR ROBYNSUBERI SAYS THEYDOING IN PERSON TOURS BUTRIGHT NOW IT REALLY DEPENDS ONTHE BUYER AND SELLERPREFERENCES& 9:07 FOR EXAMPLEI HAD ONE THAT I LISTED ACOUPLE OF WEEKS AGO AND WEWERE VERY PARTICULAR, ITSOWNER OCCUPIED AND WE WEREVERY PARTICULAR ABOUT THEPEOPLE WE WANTED TO LET INOBVIOUSLY BECAUSE OF COVID AREPORT RELEASED BY THEBROWARD, PALM BEACH AND STLUCIE REALTORS SHOWS CLOSEDSALES THIS APRIL COMPARED TOLAST YEAR ARE DOWN 30 PERCENTDAYS TO CONTRACT WENT DOWN 4PERCENT.

2:10 WHEN YOU LOOK ATTHE FACT THAT THEREFEWER HOMES HITTING THE MARKETTHATINVENTORY OR THE MONTHS OFINVENTORY I SHOULD SAY.PRESIDENT OF THE ASSOCIATIONJARROD LOWE ALSO SAYS BUYERSARE ALSO TAKING ADVANTAGE OFLOW INTEREST RATES.

SUBERISAYS MAY HAS BEEN A BUSY MONTH- AND SHEINTEREST FROM NEW YORK HIGHRISE OWNERS LOOKING TO GETINTO SINGLE FAMILY HOMES ANDTOWNHOMES RATHER THAN CONDOS&.ROBYN SUBERI 1:16 TO GET OUTOF HIGH RISES BECAUSE HAVINGSHARED SPACE LIKE THAT WITHELEVATORS, LOBBYS, HALLWAYSAND ANYTHING OF THAT NATURE -10:17 ONE OF THE REASONS BEINGA LOT OF THE CONDOMINIUMSWOULDNTHROUGH COVID AND SOME OF THEMSTILL ARENHUGE SPIKE IN SINGLE FAMILYHOMES AND TOWNHOMES MICHELLEQUESADA WPTV NEWSCHANNEL 5.