Don't forget title and escrow peeps...it all funnels through us so we see it all.
There's a ton of uncertainty, for sure. We have a closing scheduled Tuesday but the seller just got back from a trip in Seattle and went into quarantine yesterday. Unless we can figure out a bubble boy situation, it's not closing any time soon.
I was at the Coldwell Banker office on Hulen yesterday afternoon just minutes after they got the directive from their national office that all offices were closed through the end of the month. Agents can always work from home but you have to wonder about 1) their willingness to show homes and 2) buyer's willingness to view the homes. I'm in sales and if every office in town is closed and all networking is put to a hault, I literally have nothing to do but sit at home and make phone calls and send emails.
So, with that being said, your pool of competition for the land will surely be more shallow and the sellers may be spooked enough to take considerably less than list price.
In the end, if I'm going to put my money somewhere, my first choice will always be real estate. If a stock tanks or goes up in flames, what do you have to show? If real estate tanks, you still have an asset that should, eventually, rebound. Yes, it would suck if the value plummets in the short term but I doubt you're interested in this property for wholesale so the fact that you intend on holding on to it for a while should signal that you'll be ok.