I wanted to reach out to all of my friends, clients, and family to address how this crisis is currently affecting our real estate market, and to let you know that I am wishing you the best and praying for you and your loved ones.
First, in light of how this virus spreads and governor Newsom’s Shelter in Place Order, all real estate sales activities that involve personal contact should be halted. This means that unfortunately we at the Gailliot Group will have to take a pause on showing clients homes until the order is lifted. We can still preview homes online in anticipation of things resuming back to normal soon. This will cause our real estate market to freeze for a short period of time. I do not believe this will affect home values in the long run, for once the order is lifted, everything should hopefully recover quite quickly.
Second, if you are currently paying a mortgage, and if your income has been negatively affected by this current crisis, please call your lender immediately to see if they can offer you any relief. I have heard that several lenders are giving their borrower’s one to three months forbearance, letting them skip the payments now, and putting them to the back end of their loans. Not all lenders are offering this, and I am not yet aware what their approval criteria is, but it is definitely worth the call. I would suggest you do this immediately, for as this information spreads, the lenders will most likely get back logged trying to manage the demand.
Thirdly, if you have any questions, or concerns about how any of this might affect you more specifically, please do not hesitate to email or call me direct. I too am stuck at home, and am unable to work in the public, but I can work from home and consult you with any of your real estate related questions.
We will get through this tough time if we all support one another, and things will get back to normal once this crisis passes. Let’s all pray it passes quickly and without causing too much damage and sickness.
I will definitely keep you and your family in my prayers, please do not hesitate to reach out to me with any of your questions or concerns.
Jason M. Gailliot
Marketing Director / Realtor
McDermott Realty Group 909-286-1947 cell
CA DRE# 01353647