Buying, selling or leasing your home in Denver during the COVID pandemic.
Since my first post regarding the Denver real estate market in the coronavirus 3 days ago a lot has changed.
After 20 years in the business, I’ve seen almost everything that can happen in a real estate market. I do know that we can adjust to accommodate anything. People need to have a place to live and people still need to move.
My priority is being able to help my clients buy, sell or lease, safe and smart right now.
We are all aware of the social distancing and the sanitary requirements we all need to have it since last week we need to take it to another level to help stop or slow down the spread of the coronavirus.
I will not be physically holding open or going to any open houses. If someone wants to look at a house we can do that, provided no one is not supposed to be quarantined for any reason. I have a series of questions I’ve started implementing this past week before any showings happen I also have a video of each of my listings and a buyer can do a virtual walkthrough with me.
- If someone is looking right now they are serious buyers
- Vacant homes are showing more than occupied homes
- Interest rates will help buyers and sellers for the rest of the year
- Negotiation will be crucial, and I have training for that
- We still have very little inventory, and it is being shown to buyers every day
- Our showings are continuing to be consistent.
Potential for a COVID slowdown in the middle of selling or buying your home:
I’m watching the real estate markets all over the country San Francisco was the first to shut down the city including the title companies who they count on to facilitate the transaction between buyers and sellers just like we do in Colorado they have taken the steps to close the transaction so that a buyer and seller can move forward but the filings with the city will have to be done at a later date that could happen in Denver if not the whole state.
The most important thing over the next few months will be:
- Do not draw a line in the sand when it comes to dates and a contract yes we need to follow what has been agreed to and we also need to understand what is happening in the country and what is out of our control so we need to be flexible.
- We are going to need compassion and a lot of communication.
- Homes will sell.
If you are thinking of selling, buying, or leasing your home in the Denver area during COVID 19 you have good options!
Let me know if you want to talk about the Denver Real Estate Housing Market.