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COVID-19 (Coronavirus) Update

In response to the growing concern regarding the COVID-19 (coronavirus) pandemic, the Pennsylvania Association of Realtors® has addressed frequently asked questions from Realtors® and consumers.

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Real Estate in the Age of COVID-19: Suggested Best Practices

While many aspects of real estate can be conducted remotely, some elements of a transaction require at least limited in-person activities. In most transactions it is in the interests of both buyers and sellers for buyers to physically view a property before purchasing it, and there are any number of inspections to determine property values and to address health and safety issues. Licensees should attempt to perform activities remotely without contact whenever possible. 

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Latest Content

Ghouls, Ghosts and Goblins, Oh My! Would Living in a Haunted House Make You Want to Move?®’s annual Halloween survey found that 56% of people who believe their home is haunted have not considered moving.

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Just Do It

Pennsylvania is currently under an “Order of the Secretary of the Pennsylvania Department of Health Requiring Universal Face Coverings.” This rule clearly applies to showings – that’s not really up for discussion. Wear your mask.

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Philadelphia Area Offers Unique Affordable Housing Project

The Mamie Nichols project in Point Breeze consists of five units located on a property with a 99-year ground lease. The affordable housing will sell for $150,000 to people under at or under 80% of area median income so roughly $50,000 for a household size of one or $70,000 for a family of four, in a neighborhood where similar housing starts at $350,000.

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Looking for standard forms? Check out the Realtor® Resource Library.

The PA Realtor® Resource Library has the latest standard forms, updates on important topics and other important resources. Keeping you informed is our job.

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Staying Connected to Your Real Estate Clients

“Ask yourself what works with your personality. It has to feel authentic to you as a Realtor®. If its authentic to you, you’re excited for it. Doing those kinds of things is an easy conversation starter with your client,” said Maura Neill.

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Some Owners Report Feeling Less Satisfied With Their Properties Since Pandemic

Nearly half of respondents (44%) in a Sears Home Services survey reported feeling less satisfied with their home since the start of the coronavirus pandemic.

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Battle of the Forms: ACA vs. LTV

Often, the loan-to-value ratio and the Appraisal Contingency Addendum are seen as being the same thing and at their basic level, they do the same thing. However, they are not the same and more importantly, as they are built into the PAR forms, they function very differently.

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