CoronaVirus, Covid-19 update

The Governor of Maryland issued a new Emergency Order directing all non-essential businesses to close to the general public as of 5:00 p.m. March 23rd, 2020. The emergency order does NOT direct Maryland residents to shelter-in-place. Guidance from the Office of Legal Counsel also states: “employers are urged to promote work-from-home arrangements to the greatest extent possible.”

All real estate brokerage offices and branch offices should be closed to the general public. The Executive Order does not expressly prohibit making appointments, meeting with a client, or continuing work on pending transactions; however, every effort should be made to comply with the CDC protocols on group size, hygiene and social distancing, and to enlist strategies to reduce the likelihood of spreading the disease.

Buyers and renters can be looking at homes online that are currently available since many of them will still be on the market when the all clear signal is given. If you want a new or adjusted search from the MLS, please let me know.

Sellers and potential sellers should be using this time to do whatever they can to de-clutter, clean, paint and update their homes – inside and out. If you want to discuss about how the crisis is impacting you, I have plenty of time to talk.

Stay safe!

Sellers:

The market has changed since you last bought or sold a home. And the change is fast paced. Buyers have a wealth of information that is easily obtained from public records. The internet has made information available on previous sales, mortgages, and tax records. While there is a dramatic drought in the market for active listings, do not take that to mean buyers will overpay fair value for a home.

There is often a fine line in the difference between investing for the buyer versus investing for the seller. Making prudent investments in de-cluttering, painting, flooring, kitchen and bathrooms are top priority. Most homes require radon tests and updated smoke alarms prior to selling. Buyers are interested in the age of roofs, HVAC systems and hot water heaters. They want to protect their investment and know the possible future costs of updating.

Using my systematic method for home valuations I help determine what would be the most profitable renovations. For sellers, I work on an appraisal defense system from the time we price your home to make sure buyers do not come back at appraisal time and request a price reduction. Pricing your home right for maximum value is often the number one goal for sellers. When the objective is selling quickly with no investment, I work with the family to understand their goals and meet their expectations.

Buyers:

For many buyers that I work with, they are buying for the first time in a long time or they might be first time homebuyers. Understanding the search process is important no matter whether you are a Millennial, Gen X, Gen Y, Gen Z, or Baby Boomer.

I like to explain the full range of events that can go right and go wrong for buyers. From multiple offer situations to the inspection, appraisal, financing approval, tax consequences and closing costs, I want you to know your options and manage expectations. As a sole practitioner, I am with every client from contract to closing.

Renters:

For many people, renting is the best option. Our metro area has a lot of options from single family homes to town homes, condos and multifamily rental buildings to choose. My process of helping people rent a home and to buy is very similar. I will take the time to put together neighborhood searches and visit with you each home that is of interest. While most landlords use standard leases, I will still make sure you understand your responsibilities and your landlord’s responsibilities under the lease and know what to look out for when it comes time to renew or terminate. Getting you comfortable moving to your next home is very important to me.


Let’s work together!

240-620-4783 or dengel@towerhillrealty.com