Coronavirus in Oklahoma, the home showings must go on, online or in person
Home sales have slowed, but not stopped by a long shot. Here is a sampling of what real estate agents are seeing and doing out there, or in there, as the case may be, amid the coronavirus.
• Kathy Fowler, managing broker at McGraw Realtors, 908 SW 107:
"I'm staying home 70% of the time when I would normally be in the office five or six days a week. I'm attending inspections in my car, have shown houses to out-of-state buyers who are nervous about traveling, but still need a house in the metro."
• Denise Whitehead, McGraw Realtors, 16301 N May Ave.:
"Had a buyer who lost out on a $150,000 house in OKC last week. There were four offers on the first day. Had another sale that fell apart due to finances (COVID-19 related). First time ever in 16 years to just 'phone it in' on a listing appointment and also on a closing. It’s weird out there. I’ve been staying busy and showing properties just trying to do it wisely."
• Colette Naff, Keller Williams Realty Green Meadow:
"Homes under $175,000 in Moore schools and northwest OKC are still going like hotcakes. Selling in 24 to 48 hours. Multiple offers. One house my buyer bid on had 14 offers on it. I’m struggling with an active listing since March 26, with one showing only. Over 2,800-square-foot home in Edmond. Built in 2012, move-in ready. Unreal this property has not sold. I even have the floor plan and virtual tour video so clients would not have to get out"
• Kristin Knox Paradis, Lime Realty, 5909 Northwest Expressway, Suite 325:
"So far my deals are holding steady. Was scary for a bunch of them. Lender changes. Appraisal issues. Del City just stopped doing their home inspections for occupancy. We can’t attend closings. My buyers were full force, but my listing isn’t getting traffic. It’s insane."
• Lisa Marney, Metro Brokers of Oklahoma, 15136 Traditions Blvd, No. 1:
"We cannot attend closings. However, both my closings since this started went off without a hitch. I have another one that will close on the 30th of this month. We are waiting on the appraisal and it has been completed already. I think if you are choosing the right lenders, your deals will still be OK and on time. However, I have not had any clients need to do down payment assistance or any 'borderline' approved clients moving forward right now.
"I do feel like the homes in their certain price breaks are still going absolutely nuts with people needing to get a home. Inventory is low, buyers are still moving forward when 'their' house comes on the market because they don’t want to risk losing it. I’m still seeing a lot of multiple offers in those areas. For example, $150,000 in Edmond, or maybe four beds and a bonus room for under $300,000. I do feel like listings are holding out a bit more though, which is causing the buyers to jump because the supply is just so low."
• Kirsten McIntyre, Keller Williams Central Oklahoma, in Edmond:
"I talked to a Realtor who had been notified that the seller of a home she showed had tested positive. ... She was wanting me to know because we had inspections that day. She was showing no symptoms but stayed away from everyone."
• Tyler Barnes, Oklahoma Country Homes in Guthrie and Wellston:
"It’s slowed down significantly. I’ve still had some activity, showings, and have put in a couple offers but nowhere near what it was at this point last year. It truly seems to come in waves almost like it’s being held back by a dam and they’re only allowing a certain release at specific times. In my opinion, once we get through this, there will be an onslaught of people looking to buy/sell."
• Jennifer Gilchrest, Keller Williams Realty Green Meadow, 1624 SW 122:
"Our team is very busy and fortunate. We’ve taken the strongest precautions we can, training, and provided all my agents with totes and all possible protective options and new procedures. Our team has been very active. We have lost a listing and two buyers. We have 12 properties under contract at this time expected to close, and some showings.
"Our buyers' agents are very busy providing lenders to buyers getting qualified to purchase in the next 3-6 months. We are hopeful we can continue to help as much as we can, virtually, and in person when absolutely necessary. We still have a couple of sellers each week needing to sell their homes for various reasons.
"We, as agents, are extremely cautious and don't enter without masks and sanitizer. I issued an entire kit to each agent, held a Zoom training on extreme caution and safety measures to be taken with clients, as well as new procedures. (Only one adult at a time inside the home with our agent, must wear mask, keep 6 feet apart. Only our agent will touch lights, fixtures, doors. We sanitize as we leave the site, etc.
"We are working from home office and holding Zoom training calls twice a week. Zoom meetings with vendor partners are simply not the same. We miss our team. Ours is like family and we just feed off one another's energy so well, that this is not enjoyable at all. We stay connected as a team on Messenger for chat, constant updates of 'under contract,' 'just listed,' and marketing updates. We are so thankful to have the latest technology at Keller Williams to still be able to make things work for clients that need to continue with their move and are blessed with the best clients."
• Kacie Kinney, an agent with Keller Williams Realty in Yukon.
"We are still working with people who are highly motivated to buy and sell. We haven't had any contracts fall apart due to COVID-19, thankfully. We are telling people to wait if they can wait. Our listings are being sanitized before and after showings and we've had to put many protective measures in place for occupied listings. I think we may start to see more listings pop up in May for people who are listing towards the bottom of the comps in order to get a quick sale.
"This will inevitably affect us all on property values. How much, we don't know. The lower price points are still getting multiple offers. Also all of our markets across the board are still getting 98% list-to-sales price, which is very good. So inventory and activity are down, but prices are still holding steady."