https://www.jeffreyseyler.com/virtualopenhouseTechnology Is Enabling the Real Estate Process to continue
How much different different is real estate today than it looked just a few weeks ago? Everyone is learning a new way of doing work from home and real estate is no different. But it will all come down to what we are actually able to do remotely to engage with our current and future clients. Almost everything right now is shifting to a "virtual format". One of the biggest changes I have gone through to adapt to this change is simply update my existing equipment and software to enable a seamlessly transition to Viewing and Demonstrating Homes for Sale and Homes for Buyer Clients remotely or Virtually. Nearly all of the more common real estate transaction tasks have been accomplished with DocuSign for years, so nothing has changed there. However, use of Virtual Technology is making it possible for many Realtors to continue on the quest to help individuals accomplish homeownership,that is more convenient and safer all parties involved in the process.
Here’s a look at some of the elements of the home buying/selling process that have changed (at least in the foreseeable 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, we can now meet and consult through video chat, I am personally using ZOOM . Whether it’s your first initial needs analysis as a buyer or your listing appointment as a seller, we can still get the process started remotely and create a plan together. As your trusted adviser I am still on your side, just not at your immediate side. 2. Home Searches & Virtual Showings – According to the National Association of Realtors (NAR), the Internet is one of the three most popular information sources buyers use when searching for homes. As your real estate agent I can send you listing information and help you request a virtual showing when you’re ready to start looking. This means you can virtually walk through the homes on your wish list while keeping you and your family safe. As a seller, you can still have virtual open houses and virtual tours too, so as not to miss any buyers looking to find a home right now. I personally Create the Walk Thru Tour and piece it altogether for you at no additional cost. 3. Document Signing – Today more portions of the transaction are being done digitally. In many areas, myself and our loan officers can set up an account where you can upload all of the required documents and sign electronically right from the safety of your home on your computer. 4. Sending Money – Whether you need to pay for an appraisal or submit closing costs, there are several options available. Depending on the transaction, you may be able to pay by credit card, and most banks will also allow you to wire funds from your account. Sometimes you can send a check by mail, or we even can have mobile escrow agent pick up a check from your home. 5. Closing Process – Again, a mobile notary may be able to bring the required documents to your home before the closing. Also, depending on the title company we chose, some are now allowing drive-thru closings, which is similar to doing a transaction at a bank window.
Although these virtual processes are starting to become more widely accepted, it does not mean that this is the way things are always 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.
Bottom Line You were waiting for a possible pause in the housing market before you wanted to buy or, you were waiting for a good enough reason to be a seller, either situation has been made essentially easier with the help of technology and I can help make either happen as I have sifted with the times and remain way ahead of the technology curve. Let’s talk today and discuss your situation and and make a game plan for you. 949-324-2232