What Our Title Company Partners Want You to Know During COVID-19 | Chicago Association of REALTORS®

The theme of our first Partners Panel, featuring our title company partners, was that real estate is still moving full steam ahead; however some aspects of the transaction will require more time than others. Most notably, lenders are hard-pressed to meet deadlines right now, and REALTORS® need to be prepared for that. 

Over the hour-long discussion, our moderator and President-Elect Nykea Pippion McGriff, Dream Town Realty, highlighted four key things REALTORS® should be prepared to do while conducting business during social distancing:

  1. Get on the phone with your buyers and lenders to make sure the status of your buyer’s loan is in good standing and moving forward.
  2. While drafting up contracts, communicate with your lending partners about longer closing times as lenders cannot manage 30-day closings in this climate.
  3. Verify closing options with your clients and make sure they feel safe and protected during closings.
  4. Do your research. Every deal is going to take a considerable amount of research in order to move forward smoothly.

Watch the video below of the full webinar and hear from our title company partners directly.

 

 

Feel free to reach out to our panelists with any questions you have:

  • Vince Hearn | Vice President, Sales Manager, Chicago Title and Trust
  • Patrick Hynes | President, Citywide Title Company
  • Sara O’Connor | Executive Account Manager, Greater Illinois Title Company