Ask the REALTOR: How has this crazy Tri-Cities weather affected real estate business?

Ask the REALTOR® is a regular video series in which I answer your most commonly-asked real estate questions. If YOU have a real estate question that needs an answer, drop me a note here.

This week’s question: How has this crazy Tri-Cities weather affected real estate business? Here’s the answer in this brief video, and don’t miss the transcript below.

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Transcript:

Hi! This is Cari McGee with Keller Williams Realty in the Tri-Cities area of Washington State, and welcome to this week’s episode of “Ask the Realtor.” This week’s question is…

“Cari, with all of the crazy weather that’s been happening in the Tri-Cities, has that affected closings, and signings, and house sales, etc.?”

Yes and no, like all good questions should be answered. It has not affected, from what I understand, escrow doing their job and lenders doing their jobs. They’re able to take care of everything — buyers and sellers are going into the escrow company, they are signing the documents they need to sign and then the lenders are loaning or sending the money that they need to send, and everything’s been fine there.

It seems to have slowed down the showings on a lot of properties. The listings that I have…it seems in between breaks in the weather, everyone makes a beeline for the listings to show them, and then when the snow starts to fall again, everybody’s kind of like, “Okay, we’re not going to look at anything until it’s done.” And again, that could be completely anecdotal, but again talking with some of my colleagues, they’ve experienced that same phenomenon.

So, that’s what’s going on. Yes and no, it’s probably affected the showing aspects of real estate more than anything else, not the closing aspects. Houses are still closing on time.

And that is all from here in the Tri-Cities. Thanks so much for watching. Talk to you next week. Bye.