Amy Gerrish, Realtor
Today’s reality in Phoenix is pretty different than it looked just a few weeks ago. We’re learning how to do a lot of things in new ways, from how we work remotely to how we engage with our friends and neighbors. Almost everything right now is shifting to a virtual format. One of the big changes we’re adapting to is the revisions to the common real estate transaction here in Phoenix. Technology, however, is making it possible for many of us to continue on the quest for homeownership, an essential need for all.
Here’s a look at some of the elements of the process that are changing (at least in the near-term), due to stay-at-home orders and social distancing, and what you may need to know about each one if you’re thinking of buying or selling a home sooner rather than later.
1. Virtual Consultations – Instead of heading into an office, you can meet with me through video chat. Whether it’s your first initial needs analysis as a buyer or your listing appointment as a seller, you can still get the process started remotely and create a plan together. As your trusted advisor, I’m still on your side…the far side.
2. Home Searches & Virtual Showings – According to theNational Association of Realtors (NAR), the Internet is one of the three most popular information sources buyers use when searching for homes. I can send you buyers your listing information and help them a virtual showing if your home tops their list. This means they can virtually walk through your home with a matterport tour all while keeping your & their family safe. As a seller, you I can still hold a virtual open house and virtual tours to attract buyers.
3. Document Signing – Although this is another area that varies by state, today more portions of the transaction are being done digitally. I can set up an account where I will upload all of the required documents and you can sign electronically right from your computer or cell phone.
4. Sending Money – As a seller, you will most likely be on the receiving end of money. Escrow companies can wire funds directly into your account or mail you a check. Buyers will have the option to pay for an appraisal or submit closing costs, via credit card, or wire transfer. Buyer’s earnest deposits may be couriered by a mobile escrow agent that will pick up a check from the buyer’s home.
5. Closing Process – We have lots of options for a mobile notary to bring the required documents to your home before the closing.
Although these virtual processes are starting to become more widely accepted around Phoenix, it does not mean that this is the way things are going to get done from now on. Under the current circumstances, however, technology is making it possible to continue much of the real estate transaction today.
If you need to move or liquidate a property today, technology can help make it happen; there are options available. Let’s touch base today to discuss your situation and our local regulations, so you don’t have to put your real estate plans on hold.