Colorado Real Estate News

Real Estate in the Time of Covid-19

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Colorado Governor Jared Polis announced on March 25 a strict “Stay-at-Home” Executive Order for the entire State of Colorado – including Denver, Fort Collins and the Front Range – which will run through April 11, with the possibility to be extended. What does this mean for real estate?

 

Real estate is classified as a critical business under this order, which permits essential real estate services to be conducted.

 

Fundamentally, people need a place to live which is why real estate is an essential service. Even with genuine demand, the real estate market is evolving. Some homebuyers are choosing to pause temporarily. Some sellers may be deciding to wait too. Brokers are figuring out how to accommodate showings via virtual tour and conducting listing appointments on video conference. This is not a time to house hunt to “see what’s out there.” Real estate in the here and now is focused on homebuyers and sellers who must move forward with a home relocation and are in critical need of real estate services.

 

There have been a great deal of changes in the industry for how real estate is now conducted to help consumers achieve their goals safely. Kentwood Real Estate is committed to doing our part to reduce non-essential business activities as we join in the fight against the spread of the coronavirus pandemic.

 

Like most brokerages, Kentwood remains operational through a remote work plan designed to ensure our sales team and clients are supported. Traditional real estate practices have shifted to be remote too. Open Houses, for example, are being shown virtually by way of Kentwood’s 3D Tour offering and platforms such as Facebook Live and IGTV. And while listings continue to display 24/7 across the Kentwood.com website and syndication partners, today’s buyer can now expect that essentially all, or nearly all, steps in the transaction will be achieved remotely.

 

The local real estate community continues to focus its energy on ways to collaborate to help local communities, clients, and industry peers. Above all, the most important service we can offer is keeping each other healthy, safe and supported.

 

Kentwood Real Estate is monitoring the ever-changing real estate landscape stemming from COVID-19. We are staying informed and following the guidance of the CDC, Colorado Department of Public Health and the National Association of REALTORS® to ensure we are providing our clients with the ultimate in ethical, professional representation – we will take all measures to ensure a safe, responsible, and productive experience.

 

*Written on March 30, 2020. New updates may be available after this date.

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