Dear Clients, Agents, Friends, and Neighbors.
We hope this letter finds you all safe and healthy.
At the time of writing this, over 290,000 Americans have Coronavirus, and over 7500 have died. A Stay At Home order is now in effect until April 30, 2020, but real estate services have been deemed essential by local officials. People have to have a place to live, and some sellers have to sell now.
Although first and foremost, we have a moral obligation to Stay Home and Flatten the Curve, we are still trying to figure out how we can also assist our clients. Since the Stay Home order was issued, showings have dropped over 45%, indicating that most agents and buyers are not viewing properties at this time, so in most cases, we are advising sellers to delay listing their homes until the order is lifted.
Energy Realty is attempting to return to a “new normal” by opening our offices with minimum hours Monday, Wednesday, and Friday so we can receive clients by appointment only when necessary. We are also fast tracking to virtual technology and video conferences to assist while maintaining a safe distance.
Qualified buyers are still able to get mortgages, title companies are still able to close transactions (in person, electronically, or via mobile notary), and movers are still moving. A recent Coronavirus Addendum was added to our Contracts to protect buyers in the event of coronavirus infection or job loss.
Not every agent feels comfortable showing homes, and I encourage every agent to only show a home that is vacant and with extreme safety precautions. TREC just created a form that requires all parties to permit showings or viewings and to disclose if they have or have been exposed to Coronavirus. Most importantly, we will continue to keep our clients informed with how we can help during this difficult time. We are currently operating under the following capacity
We do not know what the real estate market will look like once the Stay Home order is lifted, but we do know that our housing market was strong when this started. Houston has been through lots of challenges and this may be the toughest one yet, but this is a great place to live with a vibrant community. Remember, we are in this together and will keep Houston Strong!
Please stay safe and well and we will stay in touch.
Sherry Campbell-Broker/Owner-Energy Realty