Guidant Realty

It is a tough environment with quickly changing dynamics. If you have any question, we are following the COVID-19 impacts closely at the state, regional, and county levels. It doesn't have to be about real estate. Just call and we are happy to help however we can!

REAL ESTATE & COVID-19: With our company's involvement at so many levels within the real estate industry, we are getting questions from both clients and peers on "how the Coronavirus (COVID-19) will affect our industry. First, things are changing rapidly. For the most up-to-date information, calling us is best. In the meantime, here are the most notable items: First, several counties (mostly in the Northern California Bay Area) have issued Shelter in Place notifications. ... In real estate, we are told this likely bans showings and open houses. While the only local county to issue the same is Yolo (covering Davis, Woodland, West Sacramento, etc.), a notice can come from any county at any moment. Yesterday, Governor Newsom indicated that he might like to see a statewide notice. Second, just this morning the California Association of Realtors has released a new form to deal with uncertainty in this environment. Unlike most commercial contracts, our Residential Purchase Agreement does not address Force Majeure (disaster, war, etc). This form attempts to close part of that gap and most notably has the ability to delay the close of escrow if services become unavailable or to return a Buyer’s deposit if they no longer qualify for a loan due to the financial impacts of the Coronavirus. Uncertainty creates opportunity. Savvy Buyers are still on the hunt and there are still Sellers that must sell. Just make sure you are anticipating and planning for possible events along with properly protecting yourself in a transaction. Done right, deals that benefit both Sellers and Buyers will continue during the outbreak. Make sure you have an agent that knows what to even consider!

MORTGAGE RATE ALERT! Economic uncertainty often improves mortgage rates for homes, increasing buying power or the opportunity to reduce monthly housing costs allowing the average American to cash in as effectively as anyone in the "Top 1%" - here is what you need to know... https://www.guidantrealty.com//MORTGAGE-RATE-ALERT!-Uncert

For those that might have missed it, Placer County has expanded its capabilities as a major destination for sports tournaments which is a huge driver in the local economy... https://www.msn.com//placer-valley-event-cente/ar-BBZXSwc

In preparation for the March 3 ballot decisions, here is some helpful info on 2020 Prop 13... https://www.guidantrealty.com//The-Realtor-Party%C2%AE--CA

Roseville's new Events/Sports Center is almost ready! https://www.bizjournals.com//photos-34-million-roseville-e