Covid-19

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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:

  1. Video conferencing whenever possible for meetings with buyers and sellers.
  2. Making videos available for all listings before any “in person” showings are allowed.
  3. Providing videos of properties to buyers.
  4. Utilizing e-signing tools.
  5. Driving in separate vehicles for house hunting.
  6. Using gloves, shoe covers,  and hand sanitizer with all buyers and providing these at our listings.
  7. Following all social distancing protocols.
  8. Using remote closing procedures when possible.

Understanding the Market Changes

We are monitoring our market every day, and it will continue to change rapidly as the virus disrupts our area.  Information we give you this week may be different from next week.  WE ARE WORKING, and we will continue to list and sell homes amid the changes that are happening.  As of today (3/23/20)  289 homes were listed for sale in the Charlottesville area (including Albemarle, Charlottesville, Fluvanna, Greene, Louisa and Nelson) since March 9, 2020 when Covid-19 began to impact our area.  In the same two week time period, 201 homes also went under contract in those areas.  HOMES ARE SELLING!  We do expect there to be impacts on time frames for inspections, meeting financing deadlines, and being able to record deeds as courthouses modify their hours.

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, when you call our office number (434-) 951-9244, we will get your message immediately and 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:

Fannie Mae Mortgage Relief

Freddie Mac Mortgage Relief

Local Foreclosure Avoidance Counseling

Additional Information

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