COVID 19 and Real Estate

In Montana Real Estate has been deemed an essential service by Governor Bullock.  Business is still being conducted, although it may look a little different than it did before the pandemic.

Buying a Home During COVID 19

It's more important than ever to be pre-qualified with a lender before you begin house hunting, as some seller's will require a buyer be pre-qualified prior to viewing their property. 

 

With limited inventory in most price ranges, it's still very much a seller's market in most areas in and around Missoula.  Multiple offers are very common, the average sales price is 100% of the list price as of June 2020 for sales in Missoula, however it is still common to see properties sell for over the list price in this competitive market.

 

Listings may include a 3D or a virtual tour of the property, so prior to viewing the property in person it's important to view available tours to rule out any possible properties ahead of time.

 

We will be required to wear a mask during showings and practice social distancing.  You may be asked not to touch anything inside the home, in that case, I'll open any doors or cupboards and turn on and off lights as needed.  It's best to keep attendees at showings to a minimum, with only decision makers being present. 

 

All Buy-Sell documents will be completed electronically when possible, but will be reviewed either over the phone or via video conference call, whichever the buyers prefer. 

 

When it's time to close on your new property the title company may ask that you sign your closing documents in the comfort of your car in their parking lot or you may sign in their office while wearing a mask and practicing social distancing, depending on that title companies requirements.

Selling a Home During COVID 19

Keeping you and your family safe while your home is on the market is of upmost importance.  We will go over the precautions available and determine which guidelines you'd like anyone entering your home to take. 

 

Missoula and most of our surrounding areas are continuing to see strong buyer demand and a lack of inventory in the market, meaning fewer homes to compete with and housing values that are staying steady and even rising in some cases.  As of June 2020, homes in Missoula were selling at 100% of list price on average, however it is still common to see properties sell for over the list price in this competitive market.

 

To ensure we have only the most serious and qualified buyers entering your home I recommend limiting showings to pre-qualified buyers who have taken time to view the 3D or virtual tour of your property.  You can also choose to limit strictly decision makers to tour the home if you have additional concerns.   

 

A notice will be posted on the door outlining any requirements for entry along with any guidelines you wish for parties to follow while in your home.  All parties will be required to wear masks while in the home and it's recommended that all lights be turned on prior to showings and interior doors be left open to keep any contact to a minimum.

 

All Listing and Buy-Sell documents will be completed electronically when possible, but will be reviewed either over the phone or via video conference call, whichever the seller prefers.  

 

Once your property is under contract you can expect the buyer to have a home inspector complete an interior and exterior inspection of the property, contractors may need to enter, and an appraiser may also come through the home.  They will all be practicing social distancing and wearing face covers while in your home.  

 

When it's time to close on the sale of your property the title company may ask that you sign your closing documents in the comfort of your car in their parking lot or you may sign in their office while wearing a mask and practicing social distancing, depending on that title companies requirements.