August 28 2020
How does COVID-19 change the work of Real Estate Lawyers?
The real estate market in Lafayette and California as a whole is showing signs of an upsurge after the COVID-19 downturn. One major reason for this is that residential real estate services are currently considered essential services in California.
However, this does not mean that it is business as usual for real estate. Ensuring public health and safety remains a crucial priority. The real estate business has to be carried out with adherence to all health and safety precautions.
If anything, the effect of COVID-19 has caused a lot of changes to how real estate business is conducted. This is especially so with the use of technology and the emergence of “i-buyers” as well as virtual home tours.
At the Law Offices of William C. Vencill, we are staying ahead of the curve by engaging the use of technology in carrying out the legal process involved in the real estate business. Get in touch with us online here or call (925) 946-9700 to learn more about how our real estate lawyer in Lafayette can fast-track your business.
Here are a few other ways the COVID-19 pandemic has affected real estate practice and the work of real estate lawyers or professionals.
Real estate transactions are now conducted entirely online
With the virtual showing of properties comes a lot of other advantages. One of the ways COVID-19 has impacted the work of real estate lawyers is that digitized platforms and tools are now being utilized to a great extent. Less physical meetings mean potential buyers, sellers, or other real estate parties can now conduct a successful transaction from the comfort of their homes. This is a developing trend that real estate lawyers and other real estate professionals have comfortably eased into.
E-signing of documents
Even before now, documents like purchase/sale agreements, addenda, contingency removals, leases, etc., have already been completed and signed electronically and remotely.
This trend is now becoming more popular. Since the commencement of the ‘shelter-in-place’ rules, real estate lawyers have been asked to witness signatures with the use of video-conferencing. It is safe to assume that this can only grow in use and popularity. More and more closings will likely be conducted remotely and electronically from now on.
Social distancing regulations
It is great news to real estate professionals that the showing of homes in person is now allowed to resume. To flatten the curve and mitigate exposure to the coronavirus, CDC guidelines must still be complied with though. Some of these guidelines or practices include that:
- Persons involved in a transaction must wear face masks or available face coverings,
- Real estate professionals may decline to show occupied apartments and houses
- Showing of the home must be done one potential buyer at a time
- Social distancing guidelines are still in place
- Surfaces are cleaned and disinfected
- Virtual showings of properties should be considered if possible
Contact an excellent Real Estate Lawyer in Lafayette today
William C. Vencill has amassed over four decades of litigation experience, focusing on real property and construction disputes; corporate, partnership, and commercial disputes; and title insurance claims.
At the law offices of William C. Vencill, we have adopted the use of technology in offering seamless service to our clients during this period. To discuss your real estate needs with our attorneys, schedule an online consultation with the law offices of William C. Vencill here. You may also put a call through to (925) 946-9700 if you have any real estate business to transact in Lafayette and you need a top-quality real estate lawyer.