Buying a home during coronavirus – and closing at a safe distance
Maybe you’ve been planning to grow your family – or maybe you’ve been cooped up with family during coronavirus – and found yourself daydreaming about buying a home with more space.
As you wake from your reverie, the realist in you wonders if buying a home during coronavirus is even a possibility. The answer is yes! The market persists.
Real estate agents are taking precautions to ensure they can safely show homes to prospective buyers and adapting to new methods of communication so they can continue to show up for their clients. Virtual open houses via Zoom and Facebook Live and listing presentations over Facetime are becoming more commonplace each week.
It stands to reason that title agents would be following a similar course, but surprisingly, a survey conducted by the American Land Title Association reports just 30% of title agents are offering versions of digital closings.
Federal Title is among the title companies offering digital closings as part of our REALSafe™ contactless closing solutions. Thanks to REALSafe™, nearly all of our sellers are signing electronically as a result of coronavirus, and many homebuyers are signing electronically, too.
If you’re buying a home during coronavirus, or even after the pandemic subsides, talk to your real estate agent about digital closing solutions. Find out if this is an option for your real estate transaction.
Your real estate agent may also want to speak with your lender, and then confirm your title company is among the 30% who are offering versions of digital closings.