 |
| Photo by Martin Sanchez |
Shelter In Place
Shelter in place is being implemented across the country. The stay at home orders require residents to stay indoors except for certain essential personnel or those who need to go to work in essential businesses and services. Potential buyers who are under shelter in place will have to forego the traditional way of viewing homes and rely instead on videos and virtual tours. Additonally, as an agent, unless your local government has deemed real estate an essential business, you will not be able to work. In Denver, Real Estate is an essential business.
Social Distancing
Real estate brokers have an obligation to exercise reasonable skill and care and should adhere to best practices to protect the general public, their clients, and themselves during this time of uncertainty. This mean following the recommendations of the federal, state, county, and the Dept of Real Estate. NAR has suggested agents no longer drive clients to showings. Showing services have stopped overlapping showings with mulitple agents and their clients. Listing agents are now implementing 3D tours and live streaming open houses and buyer's agents are live streaming home tours for their clients. Some title companies have requested Lenders and Agents not attend closing and/or have implemented curb side closing where buyers and sellers will be able to close while sitting in their vehicles. For a limited time, Fannie Mae and Freddie Mac are allowing exterior-only appraisels or desktop appraisels for certain transactions.
No comments:
New comments are not allowed.