The CDC reports that most people in the United States do not have an immediate risk of exposure to the virus. However, the situation is rapidly evolving, and the CDC will update its risk assessment as needed. Visit the CDC’s website for latest updates
We may see a slowdown in traffic and home sales transactions. However, if this does occur, it will most likely be of very short duration and the lost sales this month will likely be made up later in the year.
The coronavirus is causing fewer home buyers to search in the marketplace as well as some listings being delayed. In a recent NAR survey, 11% of agents indicated a reduction in buyer traffic and 7% reported lower seller traffic when asked about the coronavirus impact on the market.
When an infectious disease, such as coronavirus, is associated with a specific population or nationality, fear and anxiety may lead to social stigma and potential discrimination. Sellers and agents must be mindful of their obligations under the Fair Housing Act, and be sure not to discriminate against any particular segment of the population.
Should you still hold Open houses on your property?
If you do hold an open house, consider requiring all visitors to disinfect their hands upon entering the home, and provide alcohol-based hand sanitizers at the entryway, as well as soap and disposable towels in bathrooms. After the open house, recommend that your client clean and disinfect their home, especially commonly touched areas like doorknobs and faucet handles. You could also consider alternative marketing opportunities, such as video tours and other methods to virtually tour a property.
Take Preventative measures to reduce the risk of contracting and spreading coronavirus?
• Staying home if you have a fever, cough, shortness of breath or any other cold or flu-like symptom.
• Washing your hands frequently with soap and water for at least 20 seconds. If soap and water aren’t available, use an alcohol-based hand sanitizer.
• Avoiding touching your eyes, nose, and mouth with unwashed hands.
• Avoiding close contact with anyone who is sick.
• Cleaning and disinfecting frequently touched objects and surfaces.
• Covering your mouth and nose with a tissue when you cough or sneeze, or cough or sneeze into your sleeve.
