We hope you and your loved ones are keeping well.
As the COVID-19 situation continues to unfold nationwide, federal and state governments are taking steps to address the economic shutdown. This includes the decision on Saturday to add residential and commercial real estate services to the list of “essential” industries. Agents and most of the industry’s other service providers are now exempt from local and statewide social distancing orders.
However, Mosaik Real Estate continues to take the CDC’s guidance very seriously, and we are committed to doing our best to minimize exposure to the virus for our clients, ourselves, and the general public. It’s on us to adapt our way of working to meet the challenges of this moment.
A number of large banks are offering temporary deferment of mortgage payments to homeowners affected by the crisis. You can read a list of those banks here, and we encourage anyone experiencing loss of income to get in touch with their loan provider and explore their options. However, some agreements require full repayment of the total deferred amount at the end of the deferment period. This arrangement can put already cash-strapped families under further financial strain.
The California Association of Realtors has created a Coronavirus Addendum to protect homebuyers (as well as sellers) from unforeseen changes to their finances. If, for example, a buyer loses their job during a transaction, the Close of Escrow may be postponed and/or the sale can be cancelled without loss of deposit. This protection encourages buyer activity at an otherwise uncertain time.
Despite now being able to host them, we have decided that traditional open houses and in-person showings are unnecessarily risky at this time. Instead, we have decided to host virtual tours using Zoom. For more information and to tour our newest listing, check out onemissionbay102.com! We hope you’ll join us on Saturday or Sunday.
While this is an uncertain time for most of us, we want to ensure homeowners, buyers, and sellers have access to all the information they need to ride out this storm. So please get in touch with any questions — we would love to hear from you. And stay safe!
Stay up to date on the latest real estate trends.
December 4, 2023
Unveiling the Secrets to Seamless Homeownership in one of San Francisco's Most Coveted Neighborhoods.
Michelle Kim | December 1, 2023
Quick Take: Year to date, home prices are up across the Greater Bay Area, and Napa County single-family home and condo prices even reached all-time highs in October. W… Read more
Michelle Kim | December 1, 2023
Quick Take: The median single-family home and condo prices declined in the East Bay month over month. Year over year, prices in Alameda increased 2% for single-family … Read more
Michelle Kim | December 1, 2023
Quick Take: The median single-family home price in Napa County reached an all-time high in October. Solano and Sonoma prices landed just under their peaks. Year over y… Read more
Michelle Kim | December 1, 2023
Quick Take: The median single-family home price rose 14% over the past three months. Condo prices have trended horizontally throughout 2023. Minor price changes are ty… Read more
Michelle Kim | December 1, 2023
Quick Take: Year to date, single-family home prices are up across Silicon Valley. This year, condo prices were more mixed, with increases in San Mateo and Santa Clara,… Read more
You’ve got questions and we can’t wait to answer them.