The world, as we knew it, has changed. We all have witnessed a growing use of technology for any number of services, i.e. meeting with your attorney, CPA, doctors using telemedicine, groceries being delivered, everything ordered online including our meals. This trend will continue as more and more industries embrace technology and now offer virtual solutions. This includes the real estate industry.
Virtual reality glasses that were a novelty are now a solution to previewing real estate, sightseeing, entertainment and so much more. What a lot of people avoided prior to COVID, they are now adjusting to. Zoom is a perfect example as people of all ages are becoming more comfortable conducting business, personal and social interactions over Zoom.
If you think back to when cell phones first started, it took years for people to accept that technology. 2020 has shown us that when motivated, a pivotal shift in the adoption of new technology can occur in a very short time span. So what? Now what? Let’s explore real estate in Southern Nevada.
Real estate transactions are still occurring and our Southern Nevada market is HOT. People are on the move, markets are changing, and mortgage lending is at the lowest rates in history. If you are being consumed by negativity, then ask yourself, how can I shift my thinking to look at this real estate market as an opportunity that can propel me forward?
The first step in taking advantage of the current real estate market is to make sure that your real estate is protected. Check out a prior article on protecting your real estate from probate. Another article you may want to check out is this one preparing for a divorce when real property is involved.
The next step would be to contact a real estate agent in your area to have a virtual conversation with them about the market, the value of your home, and investment opportunities. From an investment standpoint, you may want to talk to your realtor about a property that is suitable for the increasingly popular short term or long term rental market.
After your find out what the market opportunities are, get with a mortgage lender, in the event you need one, to see what the options are. With rates as low as they are, borrowing may be a good option even if you have the means to pay cash.
All of the above can be accomplished virtually. Simply contact the people that are in the know in Southern Nevada and they can direct you to accomplishing your goals in this new virtual world. We are happy to assist you with the first step, so that your current real estate is set up the way you want it.
Quick Claim USA and their employees are not attorneys in the State of Nevada or in any other State or Jurisdiction. Quick Claim USA is not licensed to give legal advice and may not accept fees for giving legal advice. Should you have questions regarding any of the above items, you must seek the advice of independent legal/tax counsel of your choosing.