While the stay-at-home orders in both Maryland and the District are challenging, technology has enabled us to still effectively meet the needs of our buyers, sellers, tenants, and landlords.
We are fortunate to be affiliated with a technology-focused company like Compass. The tools available to us are unmatched in the industry and allow us to continue to serve our clients.
Here are just a few of the tools we are using to buy, sell and lease houses:
“Essential Worker” Status
Real estate activities have been classified as “essential” at both the federal and state level. This allows us to leave our homes to visit clients and property when needed. We are using a variety of tools to avoid leaving home if possible but some activities require our physical presence and we do so safely.
Electronic signature technology, like DocuSign, allows us to obtain legal signatures via email in lieu of in-person and “wet” signatures.
Recording Offices and Local Title Companies
Government recording offices remain open for real estate transactions. Our local title companies have created new procedures and options to allow clients to conduct safe in-person settlements as well as remote real estate closings. These include options to complete closing on-line (for all-cash purchasers), curbside closings from the comfort and safety of your own car, and electronic and mobile notary services.
Paragon Title in Bethesda has launched a service called “Helping Hand” that allows you to obtain a free power of attorney so you can review and electronically sign your documents safely from the comfort of your home. After the review, any “wet” signature, often required by many lenders, are performed by the in-house staff person you’ve assigned your power of attorney. These and many more innovations are being developed to keep real estate transactions flowing smoothly.
Our network of mortgage lenders are up and running and they continue to process and close loans quickly. They are also employing new online tools and streamlined processes to keep home sales and refinances on track.
Virtual Open House Tours
If on-line presence was important before, it’s absolutely critical now. Our professional photography vendors have enhanced their on-line tour capabilities allowing us to have 3D virtual tours for our listings and even the ability to have virtual “open houses.” Here’s an example of some of the new technology.
Virtual Neighborhood Tours
Live or pre-recorded tour of a neighborhood or specific points of interest.
Live Virtual Buyer Events
Viewers can join via Facebook or Instagram Live while being introduced to the property.
This email is formatted like a postcard-only with a video message, listing or neighborhood tour embedded.
Compass Nationwide Exclusives
– Compass is the largest brokerage firm in the nation with 15,000 agents serving clients in 300+ markets from coast-to-coast.
– Our in-house “MLS” allows us to market your home to a large network of agents and network with these agents to find you “off-market” opportunities.
Compass Online Marketing Tools
– Social media campaigns
– Email announcements, open houses, just listed
– Digital advertisements
– House brochures (printed and electronic)
– Networking tool to promote listings to agents
Compass Proprietary Tools
– Compass Collections to curate an online album of potential homes to purchase.
– Compass Concierge to prepare your home for sale (painting, staging etc.) without upfront cash outlay or interest costs.
At the Maury Home Team at Compass, the health and safety of our clients and the communities where we live, play, and work is our #1 priority.
As you can see we have a lot of tools at our disposal and can help you buy, sell and lease property even during this health crisis if you need to.