RE/MAX PARTNERS – STEAMBOAT SPRINGS, CO
March 19, 2020
To my valued colleagues, clients, friends, and extended community family,
We are hopeful yet appropriately concerned as the Coronavirus pandemic unfolds. A few quick notes on what we are doing at RE/MAX Partners to adjust to these unprecedented happenings:
- For now, our office is closed to the public. However, agents and staff are working and remain vigilant to handling your needs. We have full admin support and have covered all bases when it comes to serving you.
- If your property is currently listed for sale with us, we will continue our marketing efforts. You have the final say as to whether you wish to show your home or to have your agent host an open house. Should you elect to remain on course, you will be asked to thoroughly disinfect surfaces that will likely be touched by prospective buyers. This is for everyone’s protection, including yours. However, all things considered, please let your agent guide you towards today’s most effective marketing techniques. Most feel that the use of videography is currently a preferred and thoughtful marketing platform. Know that buyer activity will likely slow down until the economic situation stabilizes.
- If you are currently looking to buy a property, the search for the right place will continue with extra precautions limiting social contact. Agents may ask you to drive in separate cars and some sellers may simply not allow potential buyers into their homes right now. Live video can be a great way to continue your search!
- In Steamboat, we expect a significant drop off in visitors and overall real estate activity, in large part due to the Ski Resort closing. The closing of local schools has moved childcare to the forefront for many, and this too will slow down real estate activity.
- The duration of the current pandemic remains to be seen. However, the underlying fundamentals of the Routt County real estate market are strong. In our office, homes continue to go under contract daily and nearly all current transactions remain in play and expect to close as planned. No doubt some buyers are temporarily suspending their searches, however Routt County remains a desirable place to live. Buyer demand will always be healthy and mortgage rates are outrageously low. Unlike 2009 when oversupply led to price declines, current home inventory is near an all-time low. This means that values don’t have much room to fall and future hindsight will likely highlight the opportunity we may not clearly see right now.
To our families, friends, clients, and community, we will do all we can do help. A meal, a ride, a babysitter…just ask, we would be honored to chip in. We are positive in our knowledge that the United States and Routt County will get through this stronger than ever. Times like these bring the world together – and we stand strong in our positivity knowing it will win over fear every time.