Like most in our county (and somewhat around the world) our household has learned to adapt to a “new normal” of day-to-day living and working. When COVID-19 first appeared I, like many, thought this was some health scare that would soon pass or the US Infectious Disease folks would find some miracle cure and/or preventative treatment. Thus far, what has been learned includes a better understanding of how the virus might be transmitted and what individuals need to do to be safer─but no vaccine. Initially, our office completely closed with agents working totally from home and we were asked to not enter our building. However, we have learned to adapt. Early on, I had two closings that went through the entire sales process with the exception of the actual signing of closing documents. Following those transactions, I had two more where the home was placed on the market after the arrival of the virus in our area—so the entire buying and selling process was conducted following CDC and firm guidelines. Thus far, my personal business has seen no impact by COVID. However, hat is not the case for every- one. Some transactions fell apart because a buyer, due to the pandemic, no longer had employment, income was reduced and they no longer qualified for the loan. Others ended due simply to the overall angst and uncertainty of the situation—putting any move on hold. All of these “canceled closings” were consistent with the provisions of the purchase and sales agreements. Read More…
Fridrich & Clark Realty, LLC