March 13, 2020 with Update April 1, 2020
Dear Friends, Family & Clients,
Where do I start with this subject …. the first of my blogs? I couldn’t imagine a more highly talked about and controversial health issue than the Coronavirus. This has the world in complete chaos and its trickled down to our state and local levels and right into my happy little life and new business. What is the impact on the Real Estate Industry?
School was just cancelled for a week including all athletics as well as extracurricular/after school activities and events.. College campuses are closing down, NBA has postponed the season??? NHL.. same thing.. OMG.. March Madness CANCELLED.
Who is going to be the first client to cancel their upcoming open house? I can’t say that I would blame anyone for doing so.
So here we are at the forefront of the Spring Market and Corona hits! Yikes! What’s a REALTOR® to do? How should I advise my clients to be cautious yet not panicked?
First of all, please let me share that I am just as worried as you. Even more so in some cases because I am a Transplant Recipient. .. of one BEAUTIFUL KIDNEY. The last thing I want is to get the virus. I am on immunosuppressants and very susceptible to getting sick.. so I am taking this VERY SERIOUSLY.
So I’ve been scouring the media, news and articles and the National Association of REALTORS® for guidance on this matter.
I have come up with a plan.
For those clients who are currently living in their homes and would like to have an OPEN HOUSE,
I will be:
- Requiring all visitors to disinfect their hands upon entering the home, and provide alcohol-based hand sanitizer at the door for everyone who comes in and out.
- All door knobs will be wiped down with Clorox bleach wipes both before and after the open house ( and probably during )
- All closet doors will be opened and left open so nobody needs to handle the door knobs
- All exterior doors can be left ajar
- Basement doors same thing
- All counters will be wiped with Clorox bleach wipes ( with your permission of course) or you may provide a greener solution if you prefer and I will use that
For clients who have already moved on and the house is vacant… YAY! This is good for all!
And for all our sake’s; STAY HOME if you have a fever, cough, shortness of breath or any other cold or flu-like symptom
For clients who are currently living in their homes and DO NOT WANT AN OPEN HOUSE, we can do private showings by appointment only for serious pre-approved buyers.
In the meantime, I will continue to follow the news and update all of my clients on pre-emptive measures in getting your homes ready for the market. Please reach out to me individually with any questions.
UPDATE- APRIL 1, 2020
GREAT NEWS about APPRAISALS!
Effective immediately, Fannie Mae and Freddie Mac will (in some cases) be allowing drive by, exterior only appraisals for purchase and refinance transactions. This will help keep our realtor partners, appraisers and clients safe.
and SMOKE DETECTOR INSPECTIONS!
MA has issued guidance on smoke certs for purchase transactions and issued a 90 day waiting period. This allows sales to be completed and the borrower becoming responsible for the certs within 90 days of this state of emergency being lifted.
and LENDING GUIDELINES- These actions include, but are not limited to:
- 60-day postponement of foreclosures;
- 60-or-more day grace period for late mortgage payments which includes waiving late fees, online payment fees, and reporting to credit agencies;
- Offering borrowers an additional 60-day grace period to complete trial loan modifications;
- Ensuring the consistent availability of account management and customer service capabilities for borrowers, even if the mortgage servicer closes its office; and
- Providing proactive outreach to borrowers explaining what assistance they offer.
Showings and open houses are permitted and are subject to Governor Baker’s order limiting gatherings to ten or fewer people. If open houses are held, they must be limited to ten people at a time and social distancing must be enforced. Additionally, MAR recommends the use of hand sanitizer and thorough and frequent cleanings.
Although allowed, MAR strongly encourages members NOT to host open houses in order to help prevent the spread of COVID-19.
Real estate closings can continue, with social distancing for any in-person transactions.
I will continue to update you with any pertinent news relating to real estate and the market. Please do not hesitate to reach out with your questions.. and tell me what is happening in your corner of the world!
For additional information please review: Center for Disease Control and Prevention website –
Stay Safe Out There!
All the best,