What’s Going On With Real Estate?
How are Property Showings done during SIP?
Virtual showings are highly encouraged if possible. If not, viewings of properties are still allowed under the SIP order.
– No more than 2 buyers from the same household can attend the showing with one Realtor practicing social distancing. If the property is occupied, occupants must not be present.
– Masks and other protective equipment are recommended.
In order to confirm a showing, Realtors are required to have the Coronavirus Property Entry Advisory and Declaration (PEAD form) signed for each showing of each house. Sellers sign to confirm and accept the showing. In addition, it has become common for Sellers and their Realtors to request buyer pre-approvals and proof of funds as part of the request for showings. This is to limit the number of showings, thus keeping all parties safe! Feel free to contact me for details.
Interest Rates this Week
Rates are mostly unchanged. 3.25% on 30 Year Conventional Loan with 20% down.
What’s on the market?
This week in Alameda, 4 properties have Sold (all for above the list price).
This same time last year, 17 properties Sold (3 below list price, 2 at list price and 12 sold above the list price)