In the age of coronavirus, selling your Lake Tahoe Real Estate looks a lot different than it once did. The listing process is utilizing more technology and still allowing private, socially distanced tours for serious buyers after they have done a virtual showing but what about when you get that offer? If you are wondering how the closing process works, here is what you need to know.
When it comes to closing on Lake Tahoe real estate, the national average of a 30-45 day close has been pushed back and can now take up to 60 days or even longer depending on the various circumstances. As any Lake Tahoe Realtor will tell you, buying and selling is not a one size fits all experience. Each home is unique as are the listing and buying details that ensue. The common things that can add days to the closing time are all the new protocols around the services that need to be done in order to close an escrow. For example:
Home inspections: It is recommended that sellers not be present. The inspector will also need to wear appropriate personal protective equipment as well as sanitize after. Due to the various protocols around social distancing and limiting human interaction, scheduling the inspection can take longer than usual. Inspectors can video conference with buyers and their agents after the inspection and go through their findings.
Appraisals: Every lender works differently so their protocols on doing appraisals on Lake Tahoe homes for sale may be different, but the nice thing here is there are options. Some are doing desktop appraisals, drive by appraisals or virtual showings while looking at MLS listings and public data.
Walk-throughs: While some local restrictions will require the final walkthrough to be virtual, as a seller, you must make sure your Lake Tahoe real estate is clean and empty and ready for move in.
And the final step: Closings! If you put in an offer on Lake Tahoe homes for sale and made it to this final stage, you may be wondering how this works if you can’t sign papers in person. Offices are providing options to their clients by offering drive up closings where people stay in their cars or virtual closings if the paperwork has been sent ahead of time. Some offices are allowing physical closings by staggering clients out or putting them in separate rooms during the process.
With so many things changing so rapidly and new protocols put into place, it is important to ask your Lake Tahoe Realtor what to expect in these scenarios.