With the onset of Coronavirus in our country, so much has changed and will continue to change for the foreseeable future. However, one thing that has not changed is our need to have a place to call HOME. While many of us may have changed our plans to move in the near future, many others have to move for a variety of reasons. Job changes, marriage, and other life changes will continue to happen, whether Covid-19 is part of our reality or not.
Changes to our Systems
In response to the need to keep our buyers, sellers, and ourselves safe and healthy during the pandemic, the following changes have been implemented to our processes:
- Video conferencing whenever possible for meetings with buyers and sellers.
- Making videos available for all listings before any “in person” showings are allowed.
- Providing videos of properties to buyers.
- Utilizing e-signing tools.
- Driving in separate vehicles for house hunting.
- Using masks and hand sanitizer with all buyers and providing these at our listings.
- Following all social distancing protocols.
- Using remote closing procedures when possible.
Understanding the Market Changes
We are monitoring our market every day, and it will continue to change as the virus disrupts our world. Covid 19 has created a nationwide shortage of available listings as home sellers delay plans to sell. However, with interest rates being at historic lows, buyers who may have been on the fence about buying are now in the market. Low supply and high demand have created prices have been trending upward and it is not unusual for there to be multiple offers on listings when they come on the market.
Concerns about Your Ability to Pay
If your ability to continue your mortgage payments has changed, please do not hesitate to call us. While we are each working remotely for the time being, our office number (434) 951-9244 is being forwarded to Tara’s cell phone. If you must leave a message, we will return your call. We CAN give you information and resources to help you in the short and long term. You are not alone. Help may be available directly from your mortgage company or at the following sites:
The National Association of Realtors and The Virginia Association of Realtors continue to monitor the housing market as well. For up to date information and reporting, please see their links below:
National Association of Realtors – Homeowner Resources
Virginia Association of Realtors: Resources to the Public