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COVID-19 Adjustments

Current real estate practices:

  1. Virtual Consultations – I can meet with you through video chat. This also applies to lenders and other professionals involved in a real estate transaction. Whether it’s your first initial needs analysis as a buyer or your listing appointment as a seller, we can still get the process started remotely and create a plan together.
  2. Home Searches & Virtual Showings –  I can send you listing information and help you request a virtual showing when you’re ready to start looking. This means you can virtually walk through the homes on your wish list while keeping your family safe. As a seller, you can still have virtual open houses and virtual tours too, so as not to miss those buyers looking to find a home right now.
  3. Document Signing – Today more portions of the transaction are being done digitally. In many areas, your agent or loan officer can set up an account where you can upload all of the required documents and sign electronically right from your computer.
  4. Sending Money – Whether you need to pay for an appraisal or submit closing costs, there are options available. Depending on the transaction and local regulations, you may be able to pay by credit card, and most banks will also allow you to wire funds from your account. Sometimes you can send a check by mail, and in some states, a mobile escrow agent will pick up a check from your home.
  5. Closing Process – A mobile notary may be able to bring the required documents to your home before the closing. Also, depending on the title company, some are allowing drive-thru closings, which is similar to doing a transaction at a bank window.

Courtesy of Keeping Current Matters

Helpful links:

  1. Coronavirus 2019 (COVID-19) Resources for Employers and Workers from the California Labor & Workforce Development Agency – click here.
  2. Guide for Employees from the Employment Development Department, State of California, which includes information about filing a disability claim if you are unable to work due to COVID-19 – click here
  3. LA Times – Coronavirus and labor law: Know your rights, from paid sick leave to working from home – click here.
  4. Tips For Managing Remote Employees: How To Maintain Productivity And Engagement – click here.
  5. A guide to managing your (Newly) Remote workers – click here.

Tax Relief

  1. Internal Revenue Services – Payment deadline and other related notices – click here.
  2. The California Franchise Tax Board is also offering a filing extension for affected taxpayers. As of March 17, 2020, that extension is through June 15, 2020 for individuals, partnerships and LLCs. Read more here.
  3. The U.S. Small Business Association (SBA) Economic Injury Disaster Loan assistance program offers low-interest loans to businesses affected by declared disasters, including COVID-19. To read more about the program, to check to see if your county is included, and to learn how to apply and qualify – click here. These loans can be used to support payroll, offset sick leave costs, and pay fixed debts as well as other costs incurred as a result of this temporary disruption.
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