The Cascade Team Real Estate Blog

Real estate will boom once coronavirus threat is gone -- Go ahead, put your house on the market

By Rogers Healy FOX Business

The stigma that has been historically associated with a home's "days on market," as it relates to home sales is soon to be a thing of the past.

The real estate market is definitely not operating in a traditional manner during the coronavirus pandemic but real estate professionals have been working behind the scenes to ensure that the industry remains a safe haven amidst an upside-down world.

There are still an incredibly large amount of unknowns out there but we are doing our best to operate after the shocking developments that came in March.

For people who have been considering selling, it might not be necessary

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photo courtesy of City of Sammamish

Do you have your alternate routes planned out?

Project Update:

  • ROAD CLOSURE is scheduled to begin on APRIL 13th, 2020.
  • For the week of APRIL 13th to APRIL 18th, the roadway will be closed between 245th LN SE and Klahanie Blvd. Local access will be allowed.
  • The following week , starting APRIL 20th, 2020 the long term Road closure between 247th PL SE and Klahanie Blvd will be in place.
  • The intersections at 247th PL SE and Klahanie Blvd will be converted to stop control with stop sign. The existing signals are to be removed.
  • The road closure is expected to last until the end of DECEMBER 2020.
  • Est. August 2021 - END CONSTRUCTION

 

 

 

 

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While many of us are hunkering down there are those among us who find themselves in a position where they need to enter the Real Estate Market as either a Buyer or a Seller. Job changes, lifestyle changes and/or financial changes typically make this necessary and right now that can be a scary process. Entering someone elses home or allowing strangers to enter your home causes a variety of concerns that are all very valid. 

These measures are in place to protect Buyers, Sellers and Properties during this time:

  • Open Houses are not permitted at this time.
  • All Showings are by appointment only.
  • There cannot be any overlapping showings.
  • Only Pre-Qualified Buyers ready to make an offer on the right home are permitted to tour.
  • Only 2
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Real estate brokers may not:

 

  • Conduct any business outside of their home, including physically showing or previewing properties, conducting in-person listing presentations, taking property photos, staging homes, etc.  Any person who violates the Governor’s order not only puts himself/herself and his/her family at great personal risk, but also puts the real estate firm and his/her clients at risk.

 

Real estate brokers may:

 

  • Provide services to their clients remotely from their house; and
  • Use technology services that enable remote business, including online forms, electronic signatures, virtual tours, videos, and similar tools.

 

Last night, Governor Inslee issued a statewide “Stay Home, Stay Healthy” order

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Courtesy of Keeping Current Matters

Three Reasons Why This Is Not a Housing Crisis | MyKCM

In times of uncertainty, one of the best things we can do to ease our fears is to educate ourselves with research, facts, and data. Digging into past experiences by reviewing historical trends and understanding the peaks and valleys of what’s come before us is one of the many ways we can confidently evaluate any situation. With concerns of a global recession on everyone’s minds today, it’s important to take an objective look at what has transpired over the years and how the housing market has successfully weathered these storms.

1. The Market Today Is Vastly Different from 2008

We all remember 2008. This is not 2008. Today’s market conditions are far from the time when housing was a key factor that

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The Elements of Choice and Service

Some consider that the internet has eroded the ‘human connection’ in relation to the search-to-purchase process of a property. Most home buyers today are visiting home listings to search and compare properties based on several parameters including size, budget, location, availability, and accessibility from the comfort of their homes. In consideration of the current coronavirus it is not only prudent but extremely important.  

Various studies reveal human intervention is almost becoming outmoded in the ‘search and discovery’ stage of property purchase. For those who are tech-savvy, there is no need for human interaction in the ‘search and discovery’ phase, as there are numerous property portals ranging from

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The Centers for Disease Control (CDC) and many local State Department of Health such as in Washington (WSDH) are currently recommending people not gather in groups of 10 or more. Additionally, in WA. Governor Jay Inslee announced restrictions through the end of March on public gatherings larger than 250 people in King, Snohomish and Pierce counties. These restrictions may extend beyond March and may affect other counties in Washington State as well as other State and local jurisdictions in the near future. With these thoughts in mind, please read the following recommendations from a number of area brokerages:



Open Houses:

  • When holding open houses, make sure to clean and disinfect all surfaces and have sanitizer placed around their home.
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Courtesy of Keeping Current Matters  

5 Simple Graphs Proving This Is NOT Like the Last Time

5 Simple Graphs Proving This Is NOT Like the Last Time | MyKCM

With all of the volatility in the stock market and uncertainty about the Coronavirus (COVID-19), some are concerned we may be headed for another housing crash like the one we experienced from 2006-2008. The feeling is understandable. Ali Wolf, Director of Economic Research at the real estate consulting firm Meyers Research, addressed this point in a recent interview:

“With people having PTSD from the last time, they’re still afraid of buying at the wrong time.”

There are many reasons, however, indicating this real estate market is nothing like 2008. Here are five visuals to show the dramatic differences.

1. Mortgage standards are

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Coronavirus & Real Estate

As the news and impact of COVID-19 continues to evolve, many Broker/Agents are asking for suggested best practices to follow during open houses, showings, and other in-person interactions with clients. As the busy spring market has started, We urge The Cascade Team agents around the country to stay informed, stay calm, and be supportive of fellow brokers and consumers.

The Centers for Disease Control (CDC) and many local State Department of Health such as in Washington (WSDH) are currently recommending people not gather in groups of 10 or more. Additionally, in WA. Governor Jay Inslee announced restrictions through the end of March on public gatherings larger than 250 people in King, Snohomish and Pierce counties. These

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  • The best times to post are Wednesday at 11 am and 1 pm.
  • The overall best day is Wednesday
  • You will get the most consistent engagement on weekdays from 9 am–3 pm.
  • The worst day is Sunday, which sees the least amount of engagement. 
  • You will find the lowest engagement during early mornings and evenings before 7 am and after 5 pm each day

 

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