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Rainmaker
4,212,201
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Real buyers and real sellers as well as real people understand that the realities of the real world lets  solutions, adaptations and revisions become a part of the scenario.  Take a breath.

Mar 19, 2020 08:39 AM
Rainmaker
584,379
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

They need to get someone else out there to take care of it!

Mar 19, 2020 09:31 AM
Ambassador
3,119,314
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

As I understand it - age 65 with underlying health conditions is asked to shelter at home. 

CAR came out with CORONAVIRUS ADDENDUM/AMENDMENT yesterday. CAR form CVA.   People need more patience and understanding now. If they want to get the transaction closed they must be cooperative with the things that are out of their control. 

Mar 19, 2020 08:57 AM
Ambassador
2,594,673
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

     One of my sellers has an appraisal scheduled next week.  She was worried that the house won't appraise (older house in a rough neighborhood) .  Now she is concerned that the appraiser won't even show up. 

Mar 19, 2020 08:23 AM
Rainmaker
1,748,588
Lyn Sims
Schaumburg, IL
Real Estate Agent Retired

This is what I am worried about. Loan on my listing was CTC & the underwriters keep asking for stuff? Too much time on their hands? Not sure.

Our village offices are closed but we need transfer tax stamps here to affix to the deeds. 

My company owns a title company & has sworn to accommodate any closing if others will not do it over the next month.

Mar 19, 2020 08:17 AM
Rainmaker
976,652
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

Our business has ground to a halt.

No showings properties.

No client face-to-face meetings.

No inspections.

No open houses.

No professional photos.

No staging.

Yet...I wrote an offer for a client yesterday and am waitng for a response from the buyer/agent.

Mar 19, 2020 09:36 AM
Rainmaker
5,162,041
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

I had a call from an appraiser yesterday, she is coming on Monday.  Our building departments are closed, so permitting of the new builds are having delays.  The higher-end deals are canceling, as their investments are dwindling.

Mar 19, 2020 08:24 AM
Rainmaker
1,319,536
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

See my post yesterday about the CA Coronavirus Addendum. You keep the deal together and file an extension of terms or you cancel without penalty. Whatever serves your clients better.

NAR Chief Economist Dr. Lawrence Yun was interviewed today:great news!

Mar 19, 2020 05:58 PM
Ambassador
5,611,143
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Some things may need to be either waived, delayed, or both.

Other things will need to find a virtual solution, interesting times that will lead to innovative solutions to many things in real estate that could have used a more efficient solution long ago.

Mar 19, 2020 11:50 AM
Rainer
291,381
Don Baker
Lane Realty - Eatonton, GA
Lake Sinclair Specialist

We've had an attorney write an agreement to delay in our contracts based on what is going on.

Mar 19, 2020 11:08 AM
Rainmaker
1,022,038
Doug Dawes
Keller Williams Realty Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

We can still do business online to a degree or utilize a video connection when possible. One of the lawyers who works with our office wrote a generic addendum for this occasion I wrote a blog on it yesterday 

https://activerain.com/blogsview/5480036/covid-19-and-closings

Mar 19, 2020 09:52 AM
Rainmaker
838,492
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Everything is changing, many people's lives. If it's force majeure, maybe it's a good opportunity to rethink all big purchase or sale decisions, especially if they are discretionary.

Mar 19, 2020 02:46 PM
Rainmaker
675,835
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

There will be drive by appraisals or in office appraisals soon.  All standards are no longer standards.

Mar 19, 2020 12:54 PM
Rainmaker
5,764,120
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Caroline,

Michael Jacobs stated our viewpoint perfectly.  A

Mar 19, 2020 11:23 AM
Rainer
135,204
Jerrill Ewing
N & J Lake Properties, LLC - Eatonton, GA
Builder

rolling with the punches is about all we can do.  Construction about to be haulted here because inspectors being older and staying home.

Mar 19, 2020 11:18 AM
Rainmaker
908,303
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

There are many questions here.

The only one meriting an answer is  "How can we keep buyers and sellers from not running?"

And, nearly EVERY Active Rain participant in the Q&A section knows the answer. We were THERE in 2008 when the sky was falling and real estate was bought and sold. I have always found that reminding myself of my clients 5, 6 and 7 empowers me to remind them of their greater purpose.

Remind them, "Don't be distracted by the storm and the waves then you won't sink into the water."  Of course, sharing in common the culture in which that story is shared would be beneficial.

Mar 19, 2020 10:49 AM
Ambassador
2,716,852
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate Brokered by Real - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

Find out if another appraiser can take his place...Adapt and adjust...write up extensions...remain in good communication...you can only control what you can...even if you do everything possible, people will still make decisions without you in mind!

Mar 19, 2020 10:03 AM
Rainmaker
6,856,108
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Expect delays. It is not worth risking your life to do an appraisal. 

Mar 19, 2020 10:02 AM
Rainmaker
2,668,933
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

Fascinating in general...if anyone pre-releases funds as like in an option to me, their place is guaranteed

Mar 19, 2020 10:00 AM
Rainer
342,265
Caroline Gerardo
Sun West Mortgage Corporation - Newport Beach, CA
C. G. Barbeau the Loan Lady nmls 324982

Peter have faith, yes and also see clearly  the land ahead and aim towards soft shore. Love your insights Annette Lawrence , Palm Harbor, FL 727-420-4041 

 

Mar 19, 2020 05:37 PM
Rainmaker
2,012,839
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

We had appraisals 3 months out and longer for VA loands during our oil boom Caroline Gerardo . It was a huge pain but we all survived.

Mar 19, 2020 12:05 PM
Rainmaker
3,368,106
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

I have an appraiser issue. Suppose to close Mondy and appraiser has had teh order 3 weeks, longer than when the panic started. Now he thinks he may be sick and wants to go alone. Im calling the loan officer and demand a new appraiser. 

Mar 20, 2020 05:21 AM
Rainmaker
4,414,250
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Retirement has its benefits in these difficult times!

Mar 20, 2020 04:26 AM
Rainmaker
779,308
Brenda Mayette
Miranda Real Estate Group, Inc. - Glenville, NY
Getting results w/ knowledge & know-how!

Brian Buffini's latest podcast is a great listen..  #201:  This Too Shall Pass: an interview w/ Dr. Lawrence Yun.  We should all listen to it!  

Mar 20, 2020 04:13 AM