Ohio, just like much of the U.S., has been in a fluid environment the last few weeks thanks to COVID-19. Where possible, "work from home" has become the mantra.
Social distancing has been requested, and obviously some have been taking it more seriously than others.
So the next step? Governor DeWine announced a "shelter in place" order effective Monday at midnight and ending April 6th (of course that's subject ot change).
Shelter in place isn't a lock-down. and businesses considered "essential" are allowed to continue to operate.
If your favorite restaurant is still offering take-out, you're still allowed to order and pick it up.
Depending on your job, you can still work, although working remotely is still desired.
So what's essential?
There's a long list in the Ohio directive for the shelter in place, and many are what you'd expect: first responders, medical, etc.
And fortunately for people that are in the process of buying or selling a home, real estate and related services are considered essential (no cracks from the For Sale By Owner crowd please!).
So if you've got a purchase contract in place, you can still complete the steps in the process. Home inspectors? Allowed to work.
Appraisers? Them too.
Loan officers? You bet.
Title company? Still checking the fine print and getting it done.
County offices? Still recording.
Now what does this mean in practical terms?
Some agents may hit PAUSE on their work and refer out business. If they're in a high risk category for COVID-19, the smart play is to minimize contact.
Real estate offices may be closed and the agents working remotely. Frankly it's prudent whenever possible to go virtual. Online meetings, phone calls, virtual showings, emails, texts, all to minimize physical contact to minimize the risk of COVID-19 contact.
The number of homes on the market may shrink. Sellers may prefer not to assume the risk of having someone introduce COVID-19 to their home during showings, so homes currently for sale may be pulled from the market. And furthermore, I think we can expect some sellers who WOULD have brought their home on the market soon will delay.
We'd also expect there to be fewer buyers looking. Seriously, if you think COVID-19 is even half as bad as "they" say, it's a good test for just how serious a buyer REALLY is about buying a home.
Obviously, this isn't a situation that is going to resolve in a few days, and probably not a few weeks.
Find a real estate agent you trust to provide you the pros and cons of the situation so you can make the best possible informed decision for you. We hope that agent team you trust is us. If so, please call Bill at 513-520-5305 or email Liz@LizSpear.com.
Serving Greater Cincinnati home buyers and sellers,
Bill & Liz aka BLiz