CBS 4 Denver spoke with several Colorado REALTORS® regarding conducting real estate showings during the COVID-19 Stay-at-Home orders.
“It’s really been trying to figure out what the different orders are,” said LeAnn Gunnell, a licensed REALTOR® with Keller Williams. “That has been the biggest challenge for me this weekend.”
She added, "That could encompass three different counties and those different counties...
Denver, CO – April 27, 2020 – The Colorado Department of Local Affairs’ (DOLA) Division of Housing (DOH) awarded $9.5M through the Colorado State Housing Board (SHB) for affordable housing and 80 new recovery-oriented housing vouchers with $144,000 of support services in March and April, and received $3M to provide COVID-19 housing relief across Colorado.
Governor Polis signed Executive Order...
Update as of
April 12, 2020: The Colorado Unemployment systems has begun accepting claims
for workers who are eligible for benefits related to the CARES Act, including
those who are self-employed (retroactive as far back as February 2 or when your
work stopped as a direct result of COVID-19). Programming is also underway for
the Federal Pandemic Unemployment Compensation, which is $600/week additional
benefit (retroactive to...
Banks will now be able to postpone getting an appraisal on a residential or commercial property for up to 120 days after the mortgage closes under a new federal rule designed to help extend and streamline financing during the COVID-19 pandemic.
The change was approved on April 12, 2020 by the Board of Governors of the Federal Reserve System, the Federal...
The COVID-19 pandemic has caused every industry to re-think the way it conducts business transactions. The real estate industry is prime example in which every entity has had to come together for solutions.
Earlier this month, the Colorado Bar Association approved an addendum for real estate brokers allowing for 14-day extensions of already set deadlines, such as appraisals and closing...
The Colorado Sun recently spoke with several Colorado REALTORS on the state of the Colorado housing market in the midst of the COVID-19 pandemic and how they're working to meet the needs of their clients.
“The last recession in 2008 almost shut us down,” said Ann Hayes, a REALTOR® in Grand Junction. “It’s very different (now). They (home sales) weren’t...
The IRS issued guidance Thursday evening to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19.
1031 Like-kind
exchanges. If an investor has taken the first step
of...
March numbers reflect a pause to the momentum of a healthy first
Marty Schechter for CAR
303-882-4585 cell
marty@schechterpr.com
ENGLEWOOD, CO. – April 10, 2020 – From a cold and snowy Colorado February to the COVID-19 pandemic in March that has impacted virtually every person and every community, the state’s residential real estate market found a way to persevere with...
The Department of Regulatory Agencies Division of Real Estate
recently issued updated guidance on practicing real estate during this pandemic.
In this update, it is clarified that “Real estate appraisals and closings
are considered critical services to complete real estate transactions. Further,
home inspections and final walkthroughs after a buyer has signed a purchase
contract and is therefore a condition precedent to the actual transfer...
We understand that the last 36 hours has resulted in a lot
of confusion for real estate practitioners in Colorado regarding exactly which
functions of a transaction are permitted under the state’s interpretation of
essential services. The Colorado Association of REALTORS® continues to actively
work to obtain clarification based not only on recent guidance issued by the
Attorney General’s office, but also on statements made...
