Family disagreement

Aren't your businesses shut down along with the shelter in place order?

You'll have a heck of a time listing a house with realtors shut down, notaries shut down, and people not supposed to come out & look.


I agree with you. Wait.

my mum's house is currently on the market - our buyer just withdrew his offer citing the current financial uncertainty (fwiw - he's a real estate agent himself). Our agent says closings are being delayed both because courthouses/city halls (where deeds are filed) are closed and financing is slower due to banks limiting in-person transactions and figuring out working from home etc...

What would be the point of listing it when your state is shut down.? Inspections and closings won’t be able to even happen during this. We aren’t sully shut down in Iowa, but our town is locking it up for those things.

California chiming in. Here’s a new addendum that CA just added. Would imagine other states will follow with something similar.
Adding this because i would not be comfortable going into a home sale with this. It would be like sale pending for way too long.

Why do they want to do it right this minute?

1. Does your mother need the money from this house to get her new home?
2. Do you plan to hire a real estate agent?
If so, then you don't have to get out and show the home.
3. Perhaps you can speak to an agent and see if anyone is looking.

4. People will still need homes etc. so only serious buyers will be looking...I think the casual lookers will be at home.

I’m in Arizona. I have several friends in government and healthcare. They’ve all been prepared that a shelter in place order is coming for us too, so the point will be moot.

A lot of businesses were considered essential by our IL governor, and real estate services including appraisal and title services which fall under professional businesses are open. (Same with accounting, insurance, legal offices.)

My MIL owns her own real estate company and two of my best friends are realtors in other areas. All three have active contracts being signed at present. Two in SC and one in Georgia.

Whether that means *you* should do though is questionable. It's an individual call. Your main issue is that all the parties involved are not in agreement.

Tell them they can do what they want but you are not going to be involved and what ever needs to be done they can deal with. 

snowdie doesn't mean you have to sell, but looks like you can.

This is not a great idea. My mother in law is a realtor over here in MI. She told me that they are now supposed to do virtual tours. The listing agent is supposed to set up a time with the prospective buyers, gain access to the home, and then do a virtual tour. It’s not ideal for a variety of reasons. She also said that closings are being delayed and cancelled left and right. She did say that they have gotten or are getting permission to do online closings, so that will help. The banks here have all closed their lobby’s down, which is a problem if you’re looking to finance. Also, there’s a freaking virus taking the country by storm. We don’t need realtors going into homes and possibly exposing the tenants of that home to the virus, or vice versa. Let alone perspective buyers. We’re supposed to be practicing social distancing for a reason. Let’s all do our part at this time.

I assume this is happening in other states, and other parts of Michigan and not just hear. I would wait.

Talk to your Mom first. Maybe ask a Realtor for info. Your reply to your Sister could be “sorry, it is not going to work out at this time”.

Put aside all the medical/health risks at the moment... Wouldn't it be a bad time because buyers, knowing they won't have much competition, will lowball you? Anybody who would put a house up now, during this, "must" be desperate to move the property, eh?