Yesterday Empire State Development (ESD), the entity associated with the NY PAUSE executive order, issued an about-face “clarification” to real estate agents across New York State: Property showings must be virtual. Read the April 3rd article citing the clarification in the Democrat and Chronicle here. More on this topic as well as a brief update on the local residential real estate market below.
As always, I am available to talk privately with you about your particular real estate situation.
Call, text or FaceTime: 585-732-1767. Email: firstname.lastname@example.org
I'm hosting a Zoom meeting tonight at 6:30 pm to answer your general questions about the information contained in this update and about the local real estate market.
Friday, April 3, 2020 at 6:30pm - Save this link and join the Zoom Meeting on Friday evening.
So, what’s the deal?
It’s 3:19 pm on Friday, April 3, 2020. I was hoping to get a update clarifying the clarification from the association of REALTORS before now. Instead I got a note saying NYS hasn't given any additional direction to the real estate community as yet. So, this report is based on what I have been able to glean from a variety of sources. It’s a mixture of my opinions, my recommendations and a caldron full of imperfect information. My recommendations may become outdated at a moment’s notice when/if the underlying information changes. Just like you, I am using my best judgement in realtime, awaiting guidance from authoritative sources and then adjusting along the way.
Truth be told no one inside New York State government (let alone the real estate industry) seems to know for sure what I can and cannot do for my real estate clients. Here’s what I learned this morning:
New York State Association of REALTORS (NYSAR) interprets “virtual” to mean no in-person contact when conducting a showing. Licensees should conduct the showing alone and use a tool such as video conferencing with a buyer or tenant. The goal of the new standard is to further limit the possibility of one-on-one contact. NYSAR has been in contact with Empire State Development (ESD) and was informed that more comprehensive guidance will be forthcoming. NYSAR recommends that members act in good faith to follow the “virtual” standard as reported until state officials offer more clarity.
What are the options available for seeing/showing houses prior to making an offer (in no particular order since it depends on if you are a buyer or seller).
Remember, home buyers may accompany professional home inspectors during their home inspection. So, if a buyer conducts a virtual tour prior to making their offer they may be able to visit the property in person during their professional inspection.
What is the state of the housing market in our area?
Personal Status & The Status Of My Business:
I will continue to post updates related to the metro Rochester real estate market during the coronavirus. The situation is changing rapidly. You deserve the most recent information about our real estate market from a source you trust.
I wish you and your loved ones good health and good spirits during this unfortunate crisis!
RE/MAX Realty Group | 10 Grove Street | Rochester, New York 14534 | 585-248-0250