How The Coronavirus Might Impact The Real Estate Market

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An Important Message From The MORE Real Estate Group…As real estate professionals, we know that a healthy housing market is essential for a good economy and a good economy supports us all. The coronavirus (COVID-19) is a serious public health situation that is evolving rapidly and we wanted to provide an ongoing resource to you, our friends and clients, about how the coronavirus might impact your endeavors to sell, purchase or rent housing. Below are some suggestions based on what we know. We also know that things have changed since the outbreak became public and it's likely that will continue. We will do our best to give you any new industry information or best practices we receive. Our hope is that you walk away a bit more informed if you are thinking of selling, buying or renting a home.WHAT SHOULD I DO?These are unprecedented times and there is no right or wrong answer. Ultimately, we must each do what we personally believe is best for ourselves and our loved ones. If, however, you are presently selling or buying or seriously considering it, below are some things you may want to consider.Being mindful of these measures may reduce the risks of contracting or unknowingly transmitting the coronavirus to others and will help keep the real estate market humming along.I'M A SELLERHomes listed on the MLS are essentially "open to the public" through cooperating real estate professionals. Here are some suggested best practices to keep your home well-positioned in the market while helping to mitigate the potential for transmitting the coronavirus…It may go without saying, but we'll say it anyway. Public health guidelines are appropriate for all public activities including allowing potential buyers into your home. So, be sure to check out the information provided by the public health agencies included in the links section of the website.As a seller, here are some things to consider when listing your property for sale:• Do not allow people to visit your home if you've recently been ill, are starting to feel ill or have knowledge that you have been in the company of someone who is suspected to have COVID-19.• Discuss with your broker your recent travel history, especially if it involved travel to countries that have significant outbreaks of the disease.• Place a placard in the entry of your home requesting that any person who has recently been ill, or have been in the company of someone who is suspected to have COVID-19, not enter youor home.• Frequest hand washing is the best way to prevent the spread of the virus, both to yourself and others. That's not very practical for buyers who tour homes. So provide hand sanitizer in various rooms throughout the home for buyers to use. A sign letting buyers know that the sanitzier is for their use would also be wise.• It's common for sellers to ask buyers to take off their shoes or wear protective bootie covers when touring a hoome. Consider providing disposable gloves for buyers to wear in order to possibly prevent the spread of the virus.• Leave all of the interior doors open so that buyers who tour your home do not have to touch door handles when entering rooms.• Make sure to thoroughly disinfect your home with proper cleaning supplies after every open house.I'M A BUYERAs a buyer, here are some things to consider when visiting listed homes:• Do not tour homes if you've recently been ill, are starting to feel sick or have knowledge that you have been in the company of someone who is suspected to have COVID-19.• Discuss with your broker your recent travel history, especially if it involved travel to countries that have significant outbreaks of disease.• Ask your broker to confirm with the seller that they have not been ill, or have been in the company of someone who is suspected to have COVID-19.• Frequent hand washing is the best way to prevent the spread of the virus, both to yourself and others. That's not very practical when touring homes. So, bring hand sanitizer with you and use it before you enter homes and when you leave.• It's common for sellers to ask buyers to take off their shoes or wear protective bootie covers when touring a home. Consider wearing gloves in order to possibly prevent the spread of the virus.• Be mindful of the amount of things you touch in the home including minimizing contact with door handles and stair rails.• Practice "social distancing" if you are in a home with other groups like at an open house. If there is a group in one room, consider entering after they have departed.• Consider a virtual live streaming tour of a home done by a real estate professional.ECONOMIC PERSPECTIVE FROM THE CALIFORNIA ASSOCIATION OF REALTORShttps://www.car.org/en/knowledge/pubs/newsletters/Newsline/CoronavirusHOW WE CAN HELPFirst, we will continue to update you with information that we believe will be relevant to home sellers, buyers and renters. We also know that some of you may want or need to remain in the market despite concerns. To that end, we are offering to serious buyers our on-site video services where we will do personal guided live streaming video of homes that you may want to view without actually entering the home. While the uncertainty of this public health challenge is very real, so is the fact that many people are still transitioning in their lives and there are ways to accomplish that while reducing the risk of transmission to you and others. Please let us know if we can help.HELPFUL LINKSSacramento County Public Health – https://dhs.saccounty.net/PUB/Pages/PUB-Home.aspxPlacer County Public Health – https://www.placer.ca.gov/6367/Novel-Coronavirus-COVID-19El Dorado County Public Health – https://www.edcgov.us/Government/hhsa/Pages/EDCCOVID-19.aspxThanks to Tracey Forde, Russ Cofano and Eric Bloomquist

Posted by The Martell O'Neal Real Estate Group on Friday, March 13, 2020

 

An Important Message From The MORE Real Estate Group…

As real estate professionals, we know that a healthy housing market is essential for a good economy and a good economy supports us all. The coronavirus (COVID-19) is a serious public health situation that is evolving rapidly and we wanted to provide an ongoing resource to you, our friends and clients, about how the coronavirus might impact your endeavors to sell, purchase or rent housing. Below are some suggestions based on what we know. We also know that things have changed since the outbreak became public and it’s likely that will continue. We will do our best to give you any new industry information or best practices we receive. Our hope is that you walk away a bit more informed if you are thinking of selling, buying or renting a home.

WHAT SHOULD I DO?

These are unprecedented times and there is no right or wrong answer. Ultimately, we must each do what we personally believe is best for ourselves and our loved ones. If, however, you are presently selling or buying or seriously considering it, below are some things you may want to consider.

Being mindful of these measures may reduce the risks of contracting or unknowingly transmitting the coronavirus to others and will help keep the real estate market humming along.

I’M A SELLER

Homes listed on the MLS are essentially “open to the public” through cooperating real estate professionals. Here are some suggested best practices to keep your home well-positioned in the market while helping to mitigate the potential for transmitting the coronavirus…

It may go without saying, but we’ll say it anyway. Public health guidelines are appropriate for all public activities including allowing potential buyers into your home. So, be sure to check out the information provided by the public health agencies included in the links section of the website.

As a seller, here are some things to consider when listing your property for sale:

• Do not allow people to visit your home if you’ve recently been ill, are starting to feel ill or have knowledge that you have been in the company of someone who is suspected to have COVID-19.

• Discuss with your broker your recent travel history, especially if it involved travel to countries that have significant outbreaks of the disease.

• Place a placard in the entry of your home requesting that any person who has recently been ill, or have been in the company of someone who is suspected to have COVID-19, not enter youor home.

• Frequest hand washing is the best way to prevent the spread of the virus, both to yourself and others. That’s not very practical for buyers who tour homes. So provide hand sanitizer in various rooms throughout the home for buyers to use. A sign letting buyers know that the sanitzier is for their use would also be wise.

• It’s common for sellers to ask buyers to take off their shoes or wear protective bootie covers when touring a hoome. Consider providing disposable gloves for buyers to wear in order to possibly prevent the spread of the virus.

• Leave all of the interior doors open so that buyers who tour your home do not have to touch door handles when entering rooms.

• Make sure to thoroughly disinfect your home with proper cleaning supplies after every open house.

I’M A BUYER

As a buyer, here are some things to consider when visiting listed homes:

• Do not tour homes if you’ve recently been ill, are starting to feel sick or have knowledge that you have been in the company of someone who is suspected to have COVID-19.

• Discuss with your broker your recent travel history, especially if it involved travel to countries that have significant outbreaks of disease.

• Ask your broker to confirm with the seller that they have not been ill, or have been in the company of someone who is suspected to have COVID-19.

• Frequent hand washing is the best way to prevent the spread of the virus, both to yourself and others. That’s not very practical when touring homes. So, bring hand sanitizer with you and use it before you enter homes and when you leave.

• It’s common for sellers to ask buyers to take off their shoes or wear protective bootie covers when touring a home. Consider wearing gloves in order to possibly prevent the spread of the virus.

• Be mindful of the amount of things you touch in the home including minimizing contact with door handles and stair rails.

• Practice “social distancing” if you are in a home with other groups like at an open house. If there is a group in one room, consider entering after they have departed.

• Consider a virtual live streaming tour of a home done by a real estate professional.

ECONOMIC PERSPECTIVE FROM THE CALIFORNIA ASSOCIATION OF REALTORS

https://www.car.org/…/knowledge/pubs/n…/Newsline/Coronavirus

HOW WE CAN HELP

First, we will continue to update you with information that we believe will be relevant to home sellers, buyers and renters. We also know that some of you may want or need to remain in the market despite concerns. To that end, we are offering to serious buyers our on-site video services where we will do personal guided live streaming video of homes that you may want to view without actually entering the home. While the uncertainty of this public health challenge is very real, so is the fact that many people are still transitioning in their lives and there are ways to accomplish that while reducing the risk of transmission to you and others. Please let us know if we can help.

HELPFUL LINKS
Sacramento County Public Health – https://dhs.saccounty.net/PUB/Pages/PUB-Home.aspx

Placer County Public Health – https://www.placer.ca.gov/6367/Novel-Coronavirus-COVID-19

El Dorado County Public Health – https://www.edcgov.us/Government/hhsa/Pages/EDCCOVID-19.aspx

Thanks to Tracey Forde, Russ Cofano and Eric Bloomquist

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