British Columbia reported a record of 425 new cases of COVID-19 on Thursday, bringing the total number of cases to 16,560 across the province. — will open in a new tab, COVID-19 News and Updates — will open in a new tab, COVID-19 FAQ: Dealing with Contracts and Disclosure Requirements — will open in a new tab, Condominium Home Owners Association of BC (CHOA), COVID-19 Bulletins & Information For Strata Corporations — will open in a new tab, Housing Sector Updates — will open in a new tab, Taking COVID-19 Precautions — will open in a new tab, Keeping Landlords Informed — will open in a new tab, COVID-19 and Residential Tenancies — will open in a new tab, Real Estate Errors and Omissions Insurance Corporation (E&O), Understanding your E&O coverage — will open in a new tab, Coronavirus: A Guide for Realtors® — will open in a new tab. But few more rapidly than real estate and development. Extension of Commercial Rent Assistance for Small Businesses. Real Estate. The real estate professionals surveyed in the report revealed Facebook to be their most favored choice for social media marketing (97 percent), followed by LinkedIn (59 percent) and Instagram (39 percent). Real estate auctions and open-for-inspections will cease from midnight Wednesday 25 March, as part of the Federal Government’s continued crackdown on public gatherings. How To Invest in Real Estate During COVID-19 Some investors have it already figured out. This year, during the COVID-19 pandemic, my husband and I listed our family home on the real estate market — and successfully sold it. And the “offline” strategy of sending a brochure and postcard can easily be brought online, through the use of QR codes. Masks, gloves and a waiver: Showing real estate during COVID-19. Real estate professionals have an obligation to act honestly and on the lawful instruction of their client. We’ll continue to update these questions as the situation evolves. RECBC has implemented business continuity plans and we are continuing to provide all licensing, education, audit, and compliance services. Discuss any implemented or planned measures for preventing the transmission of COVID-19 in their building, and review the communications you have planned for staff, building contractors, and tenants. The scenario: Use this template when you find yourself without … The number of confirmed COVID-19 (“Coronavirus”) cases continues to rise rapidly, with social and economic repercussions becoming more evident and more pronounced. With the help of new interactive tools, a real estate business can make a house fully furnished complete with art décor, furniture, and appliances and give the buyers a sense of space and flow of the property. Social media marketing plays a vital role for a modern real estate business. Check these pages for ongoing updates about the impacts of COVID-19 on real estate transactions. Things are changing every day and none of … Whenever possible, real estate professionals should continue to correspond with clients and potential buyers through email, telephone, or video/teleconference. Direct mailing potential buyers still results in good ROI for … You should be eligible for unemployment benefits during this time. Real estate agents can continue marketing their inventory properties by making use of the right channels and reaching out to the right investors. Considering how easy it is to create QR codes online, they have been already deployed extensively in out-of-home advertisements, like on the display boards outside a property, where interested buyers can scan them for information on the real estate agent, image galleries, or virtual tours (more on that later). Remember that real estate is not a get-rich-quick game. (Mike Hensen/The London Free Press) Real Estate Business during COVID-19. Real estate agents do not have a hand in what happens to the economy, nor can they control what public health directives are given amid COVID-19. The efficacy of the medium was validated somewhat by Century Real Estate, which recorded a 20 percent increase in sales after it included videos in its marketing campaign. Most families want to be settled in their Read More >>, Marketing experts always say how important it is to offer personalized and relevant marketing. Direct mailing potential buyers still results in good ROI for real estate professionals. Real estate is one of the hardest-hit industries, and uncertainty remains about when there will be an opportunity to make up lost ground. QR or Quick Response codes can be printed on the material, which recipients can scan and be taken to the property’s website or social media channels. All of this can be done, almost literally, with the click of a button. RECBC urges real estate professionals to temporarily stop open houses, RECBC supports inclusion of real estate professionals as essential service. The former dispenses away with the heavy duties of lugging around furniture, removing wallpapers, or repainting a house. Extremely inquisitive about the contemporary developments in marketing tech, he aspires to bring the most pragmatic ones to the forefront. CPAs serving restaurant, medical and real estate clients discuss how they’ve used client advisory services to help their clients stabilize and reposition their businesses. What are the impacts of COVID-19 on real estate transactions and services? We also understand that you have questions and we will do our best to offer answers that fall within our area of authority. We encourage all real estate professionals to stay informed about preventative measures to reduce the risk of contracting or spreading COVID-19 by visiting the BC Centre for Disease Control website. For further information, please get in touch. Salesforce BrandVoice ... As businesses shift to remote work during the coronavirus pandemic, the sales profession needs to adjust the way we do … Real estate professionals and consumers with questions about how real estate services may be affected by COVID-19, please contact our Professional Standards Advisors by email at [email protected] or phone at 604.683.9664, toll-free 1.877.683.9664. If you do host an open house, take these safety precautions. However, according to some experts, the post-lockdown phase will be the best time for people to invest in properties, for they can be had at a price lower than usual. COVID-19 FAQ: Dealing with Contracts and Disclosure Requirements, COVID-19 Bulletins & Information For Strata Corporations, RECBC Recommends Temporary End to Open Houses, Strata AGMS. Furthermore, you can list the benefits of a certain neighborhood, town, or commercial estate to lure potential future buyers. It has been found that bigger envelopes, with personalized brochures, receive a better response rate than the smaller ones. Eye-catching photos and video have long be… Another encouraging example of the use of Instagram-influencers is from Ekta World, a real estate firm in Mumbai, which uploads six posts every month and testifies that the exercise has led to a better recall value for their brand. Use QR codes and direct mails effectively. With the COVID-19 pandemic getting more and more serious every day, it’s important to support those who’ve been hit the hardest. "The biggest challenge has been projecting and encouraging a sense of calm for our clients," she says. The coronavirus lockdown has severely impacted the real estate market, and it may take some time to recover from the disruption. These videos can then be uploaded to your real estate business’s social media and used for lead generation. Forbes magazine did a detailed report last year detailing how Instagram influencers are changing the real estate market and generating leads that would not be possible with print media alone. These influencers tend to have a massive or a dedicated niche following, and their followers look up to them for advice and suggestions. Many real estate agents are doing video tours instead of open houses due to COVID-19. You already know that marketing is essential for any business, but did you know that Instagram is one of the best social media platforms for Read More >>, In most areas of the nation, the holiday season can be a struggle for selling and buying real estate. You can find answers to many common real estate questions in our Consumer FAQ. The code can be linked with any media, be it video or an image gallery of the property or the location of the property. Here are seven ways to adapt your strategy as a real estate agent during the COVID-19 pandemic. Real estate professionals and consumers with questions about how real estate services may be affected by COVID-19, please contact our Professional Standards Advisors by email at [email protected] or phone at 604.683.9664, toll-free 1.877.683.9664. We are committed, in this challenging and quickly changing environment, to supporting real estate professionals with information to enable them to provide a high standard of service to consumers, and to protecting the public interest in real estate transactions. Rates Are at Record Lows; According to Andrew Helling, owner, and real estate agent …
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