If you’re a potential buyer or seller or are in the middle of a real estate transaction right now, uncertainty lingers. The good news, however, is that the real estate business, with all of its associated industries, is still moving along. Tawnie Vargas of Oakwood Escrow joined me to discuss the need for patience—there will be delays—and the importance of understanding that this situation is nowhere near the 2008 crisis.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety or use these timestamps to browse specific points at your leisure:
1:10 - Are escrow companies even up and running? What does the business look like now?
2:19 - How is Oakwood keeping clients safe and still getting the job done?
4:08 - How buyers and sellers can prepare for virtual escrows and other changes
4:58 - We’re not in a recession; this is not like 2008
6:36 - The need for collective patience
7:35 - The importance of open communication in these times
8:58 - Wrapping things up
If you have any questions about the real estate market, or if you’re interested in buying or selling a home soon but aren’t sure how to proceed in these times, reach out to us. We’re always here to help and look forward to hearing from you.