Home >Brand Post >How COVID-19 Has affected the Real Estate Industry: Shamus Goss

The declaration of COVID-19 as a public health emergency early last year led to the disruption of many activities. Among the many industries that have been affected by the pandemic is the real estate industry. One year later, Shamus Goss, a real estate investor, discusses the impact it has had on real estate.

Shamus Goss is a real estate investor and the CEO of Magneto Home Solutions. He is also a top business coach and successful entrepreneur. He is the founder and president of Ecom Titan Pro’s, an e-commerce company.

A fervent philanthropist, Shamus also runs the H.E.L.P Foundation, a nonprofit organization that helps provide food and clothing to the homeless, while also mentoring young entrepreneurs and providing school supplies to less advantaged communities in Atlanta. In addition to all these roles, Shamus is also an author currently working on releasing his newest book, Better With Time, next year.

The process of buying and selling a home can be, at times, stressful. Together with his team at Magneto Home Solutions, Shamus helps people find the perfect home. Understanding that each person and situation is unique and that everyone has different tastes and preferences, he always considers the needs of his clients.

“With the pandemic and people forced to work from home, the preference on the kind of homes they want has also changed," says Shamus. Nowadays, people are looking for more outdoor space and privacy, considering they now spend most of their time at home.

Additionally, Shamus notes another noticeable change is that, with people working remotely, many of them have started looking for homes outside of urban centers. “With people fleeing the cities, development in the countryside has also advanced," says Shamus.

When speaking of how the pandemic has affected real estate agents, investors, and brokers, Shamus says, “Like most businesses, the real estate industry has also had to shift it’s business to online platforms. Agents have shifted to social media and adopted the use of more videos and pictures to showcase the homes. Technology and digitization have equally made buying easier, as it is now possible to make a purchase without physically having to meet the agent."

COVID-19 has greatly affected global economic growth. Almost everyone has been forced to cut down on what they spend. This has affected the real estate industry as people are trying to increase savings and minimize spending. Luxurious houses and vacation homes have been affected the most, especially with the lockdown. Many office blocks remain empty as businesses have also shifted to working online.

Even so, compared to last year, there are signs of returning to normal in the real estate industry. While some things have had to change, like the layout of office spaces, the demand for homes has started to increase.

Overall, the real estate industry is undergoing significant changes as COVID-19 has completely altered it, and the industry has taken a new turn. What once seemed impossible has now become possible. Looking at how the economy is faring, though uncertain, the real estate industry might recover quickly, considering how well they have adapted to the new changes.

Disclaimer: This is a company press release. No HT journalist is involved in the creation of this content.

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