THE_SHELHAMER_GROUP_LOGO_WHITE-01

No More Open Houses For Los Angeles

In the wake of the pandemic COVID-19, life as we know it has been turned on its head. But we got this! The financial crisis of 2008 and the impact of 9/11 have taught us its absolutely possible to abandon routines & regiments instantly. We quickly embrace anyway of surviving. Possibly a more serious question, when the scare of CoronaVirus is yesterday’s news will a stigma of social distancing hang around?

February 2nd, 2020 my phone started ringing and emails had subject lines: Cancel Escrow. The idea that a virus or superbug had the power to cause an international “Shelter in Place” policy was unthinkable. Almost laughable only a few weeks ago.

Welcome to the new normal. This season your fashion accessories are rubber gloves and face masks with a pocket full of hand sanitizer. Let’s add a quarantine at home policy and social distance from anybody outside of your household and we’re all set for summer 2020!

No More Open Houses For Los Angeles

If you’re currently in a real estate transaction as a buyer or seller uncertain about the best decision for you or your loved ones, you’re not alone. Everyone is on edge including the agents, brokers, mortgage advisors, TCs, escrow officers, and everyone in between.

The past several weeks we have pivoted our business to better help our clients across the finish line – whatever that means to them. Below are a few things our brokerage is doing and it’s working.

How we buy & sell real estate is changing

Health & safety is our #1 concern. Realtors can no longer show homes in person in the city of Los Angeles, leaving determined buyers to submit offers sight unseen, while others pause their searches stepping back from the market.

Where does that leave homebuyers who need to buy?

Take a deep breath. We have you covered. Our agents have a clear line of communication with you. They organize and set up appointments to record walkthroughs while video conferencing with you. Personalized videos are then edited and uploaded to a private folder.

“It’s as if the buyer is with me at the house. If they say, can we look a bit closer at the electrical panel? I zoom in the camera and take pictures,” says Karen Jones|Realtor.

Virtual Tours offered by companies like LA360 VR is the next best thing. Their 3D cameras scan the interior spaces so you feel as if you’re walking through the house. My only criticism is the wide-angle lens distorts space and size of objects. You could be surprised when you actually walk inside the house. Also, the 3D camera doesn’t do the outside of the house. Plenty of homes we sell have incredible outdoor spaces which are taken into consideration for children and fur babies.

With an accepted offer, homebuyers are welcome to tour the property. They must be careful with social distancing and other health and safety measures advised by the state of California, Los Angeles county, and the CDC.

Everything in escrow is moving a bit slower. You should expect escrows to be longer and delays to happen that are outside of your control.

The good news for you! If sellers are still in the market allowing you and others inside their personal space they are real sellers. And real sellers are willing to make reasonable concessions.

How are we helping home sellers sell while respecting social distancing?

Safety first. It’s critical The Shelhamer Real Estate Group team members protect themselves and others from the virus. We do this by washing our hands, avoiding close contact, and covering our nose and mouth when we’re around others. Listing appointments on conference calls like Zoom are actually happening.

No more open houses Los Angeles
No More Open Houses For Los Angeles

Coordinating convenient times alone at the house, meeting professional vendors or tradespeople for access to the property. Using virtual tours now included in our market package has been a lot of fun. Besides a guided video or being at the property yourself, virtual tours are the next best thing.

Even though open houses are a temporary relic in Los Angeles, we’re finding a way to sell homes for top market value protecting the sellers’ money not leaving any of it on the table. And even more importantly keeping them healthy.

Just because a property is on the market today doesn’t mean it’s a fire sale.

Several buyers have sent lowball offers on listings of ours. We politely let them know there isn’t any blood in the street. Smart Agents will negotiate a favorable price and terms while walking the fine line of not rubbing salt in the wound. The last thing a buyer wants to do is piss off a seller right now.

If you’re a home buyer just starting out, or have been around the block, it’s better to have compassion and a win-win attitude. Communicate to the seller what you feel is a fair price then over inspect the property. Put a material facts list together and do your best to save money. If you go in guns blazing from the gates you may shot yourself in the foot.

Be safe out there! Better yet stay home.

Changing The Way We Buy And Sell Real Estate

Glenn Shelhamer real estate broker Los Angeles

Glenn Shelhamer is a nationally recognized Real Estate leader who has been helping people move in and out of the Los Angeles area for many years. He is also the team lead of The Shelhamer Real Estate Group. When Glenn’s not selling real estate he can be found spending time with his beautiful wife and two terrific kids.

Shelhamer Group real estate company

David Clark - 805.280.1425​

I’m David Clark, a Californian, real estate advisor REALTOR®, and writer for the Shelhamer Real Estate Group located in Northeast Los Angeles California, the fastest growing real estate market in Los Angeles County. Connect with me for further information about this article, and to add and optimize the value in your property. Look for me on Instagram: @sellingnortheastla

Shelhamer Group Logo Compressed

Mls Disclaimer:

Based on information from the / Association of REALTORS® (alternatively, from the /MLS) as of [date the AOR/MLS data was obtained]. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Contact

The Shelhamer Real Estate Group

361 N Avenue 57

Los Angeles, CA 90042-3403

 

Call: 310-913-9477

Quick Links

Stay Connected

Which Newsletter Insights Are You Most Interested In?(Required)
This field is for validation purposes and should be left unchanged.

THE SHELHAMER GROUP   |    DRE: 01950995

Glenn Shelhamer is a licensed real estate broker DRE: 01950995 in the state of California and abides by equal housing opportunity laws. All material presented herein is intended for informational purposes only. Information is compiled from sources deemed reliable but subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. To reach The Shelhamer Real Estate Group’s office manage please call (310) 913-9477.

©2019 Finance of America Mortgage LLC is licensed nationwide | Equal Housing Opportunity | NMLS ID #1071 (www.nmlsconsumeraccess.org) | 300 Welsh Road, Building 5, Horsham, PA 19044 | (800) 355-5626 | AZ Mortgage Banker License #0910184 | Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act | Georgia Residential Mortgage Licensee #15499 | Kansas Licensed Mortgage Company | Licensed by the N.J. Department of Banking and Insurance | Licensed Mortgage Banker — NYS Banking Department | Rhode Island Licensed Lender | Massachusetts Lender/Broker License MC1071. For licensing information go to: www.nmlsconsumeraccess.org. Questions, comments, concerns? Send to customerrelations@financeofamerica.com

This is not a commitment to lend. Prices, guidelines and minimum requirements are subject to change without notice. Some products may not be available in all states. Subject to review of credit and/or collateral; not all applicants will qualify for financing. It is important to make an informed decision when selecting and using a loan product; make sure to compare loan types when making a financing decision. Any materials were not provided by HUD or FHA. It has not been approved by FHA or any Government Agency. A preapproval is not a loan approval, rate lock, guarantee or commitment to lend. An underwriter must review and approve a complete loan application after you are preapproved in order to obtain financing.

Copyright © 2022 Shelhamer Group. All rights reserved.