SAN FRANCISCO—The California Association of Realtors and Department of Health have established guidelines to help protect building tenants and prospective buyers by following health and safety protocols. Some of the ways FM Partners and Vanguard Properties will be displaying caution during in-person showings in multifamily units include:
- Masks, gloves, hand sanitizer, mats and shoe coverings will be at the entrances of each showing
- Windows will be open where possible
- Cleanings will be done after every showing with disinfectant
- A Coronavirus Property Entry Advisory and Declaration form (CAR Form PEAD-V) will be included with warnings about COVID-19 and a form that must be signed by all those who enter (buyers, stagers, painters) and delivered to the listing agent. The PEAD-V form is an agreement that the visitor will take all reasonable and necessary precautions to protect him/herself and others from the spread of COVID-19.
- Home tours will be limited to only approved potential buyers
- 3D videos and drone videos will be used to showcase properties online
Ryan Fay and Omar Maissen, agents of FM Partners with Vanguard Properties who specialize residential real estate in San Francisco, say there has been an uptick in showings due to the health protocols.
"There has definitely been an increase in showings last few weeks as buyers seem more and more comfortable and I think that when they see that precautions are being taken it gives them a sense of comfort and it's only fair for them to expect that it will be provided," Maissen tells GlobeSt.com. "Several properties recently had dozens of showings and that is definitely a recent trend. We are still operating under the requirement that only serious buyers who are ready to make an offer can tour the property, but we believe that these safety measures will lead to other buyers that are in earlier stages of the search to feel comfortable going out to look at homes in next phases of reopening."
FM Partners is launching a one-bedroom, one bath listing in a North Beach condo building at 460 Francisco St. #301. The showings by appointment will adhere to COVID-19 protocols. The unit is priced at $850,000 and will go live today.
"With this listing, the home will be vacant and professionally cleaned, and the set-up station will remain in the home since no one will be living there. If the unit was owner-occupied, we would set that up and remove it for every private showing. In either scenario, we clean/disinfect after each showing," Maissen tells GlobeSt.com. "For this showing, by the time the buyers arrive, they will have been required to sign a document stating that they will wear face coverings among other rules observed. The prospective buyers will be met outside by the agents and will be reminded of the rules. We are seeing a willingness by buyers to embrace these guidelines."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.