What’s going on in the world

….of Real Estate in Guelph?

I’m sure you’ve been inundated with the news of what to do during Covid-19.  It’s really the only topic on any of my news feeds.

So, if you are wondering how all of this is going to affect the world of real estate, I can assure you that right now, things are still trucking along.  Clients are still asking to see homes, and deals are still getting done.  There were several instances of multiple offers this past weekend.  I do say that with caution because I expect that if everyone does as we are being asked, we’ll see a couple of weeks where that will slow down. Above you can see how February looked, but for the good of all of us, I hope it does pause so we as a community can “flatten the curve”.

Today we had an office conference call (the new normal) about the hourly changes to our processes, policies, and procedures to protect our clients, staff and the community at large. After all, the community is our clients, staff, friends, and family. It’s “Business NOT as usual,” says Des Von Teichman, our Broker/Owner. Royal LePage Royal City Realty is continuing to support us as Realtors and you as home buyers and sellers 100%, we just have to do it differently.

Here are some of our current adjustments. There are many more and the change daily/hourly at times.

  • Offices closed to the public, but still serving the public.
  • Electronic Communications/procedures to be used wherever possible.
  • Social distancing in the office includes a request to work from home if at all possible.
  • Most support staff working from home, but still providing our clients with the same great service.
  • Private Showings are preferred to Open Houses as this possibly reduces exposure.
  • All showings to include sanitization kits/wipes for any contact with doorknobs etc.
  • All showing instructions to cooperating Realtors to include reminders of sanitization practices.
  • Deposits and other transfers to be done electronically whenever possible.

So, yes, I expect that a superheated market that has defined January and February will change. But, after a very calm next few weeks, what will that market look like? I don’t know, but I think the 1% reduction in prime lending rates announced last week will certainly help many remain in the market and find a home in the months following this dramatic change to our lives.

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