Electronic and remote activities carried out by real estate agents can continue. As of March 24th, we have until the evening of March 25th to create virtual tours of listings for distribution to potential buyers.
The governor’s office has communicated that escrow will likely be considered an essential financial service.
Washington Association of Realtor’s is seeking input as to the most critical issues facing the industry and will be working closely with the governor’s office to assess and address consumer and industry impacts. Send them your thoughts to firstname.lastname@example.org
Treatment of real estate under “stay home” orders has varied state to state, and in some states the guidelines have evolved as issues are clarified and addressed. Expect this to occur in Washington also. Our industry is now faced with an unasked-for opportunity to innovate with regard to our processes, and our technology. As those innovations are developed, we can hope to see adaptations to how we function under current circumstances.
BIG NEWS: Yesterday FHFA instructed Fannie Mae/Freddie Mac to allow appraisal alternatives through mid-May 2020, meaning that appraisers can conduct desktop and exterior-only appraisals instead of needing to go into the interior of homes.
– Emily Gibson, CB Realtor