COVID-19 DENVER AND COLORADO SPRINGS REAL ESTATE

IMMEDIATE REAL ESTATE CHANGES IN DENVER + COLORADO SPRINGS

  • As of 6/26, Open Houses are not allowed, but showings with your agent are considered okay. 
  • Parties need to be 10 people or fewer.
  • Remote appraisals: Fannie and Freddie now allowing for some remote appraisals
  • Colorado Covid Addendum​
    • shutdown extension:
      • ​closings may be delayed if any government or third party agency necessary for the transaction closes or suspends activity​
    • quarantine extension:
      • extension allowed if either the buyer or the seller quarantines (voluntary or mandatory)​

COVID AND EVICTIONS + FORECLOSURES

Evictions

Foreclosures

COVID AND MORTGAGES

 

Mortgage Forbearance

No matter what you do, DO NOT JUST STOP MAKING PAYMENTS.

COVID AND AIRBNB, HOUSE HACKING AND MEDIUM-TERM RENTALS 
 

Airbnb

Medium-Term Rentals

  • Our first hand experience is that the traveling nurse market is coming back since elective surgeries are happening again.

  • Have been contacted by people having trouble finding 30+ day medium term rentals. (Good for owners.)

House Hacking

House hacking in the time of coronavirus comes with some risks. Obviously, we're supposed to be social distancing right now. Sharing a house with four roommates makes that difficult. 

And for those who are doing a rent-by-the-room model, and one of your tenants is a medical professional, there is the risk that other tenants want to cancel their leases if that nurse or doctors tests positive for coronavirus.

LAST UPDATED: 6/26/20

How is coronavirus and Covid-19 affecting real estate in Denver and Colorado Springs? Having as much information as possible can help during uncertain times. We updating this page with resources about mortgages, the real estate markets, ways to protect you and your investments, and more.

DISCLAIMER

This is an unprecedented situation. This page provides national and local resources and opinions, but we are not attorneys or mortgage loan officers or economists and do not feel qualified or comfortable making predictions at this time. 

  • we are: basically, business as usual. showing and listing homes, writing contracts, calling other agents, meeting with clients, etc. but with masks.  No open houses at this time. No overlapping showings for buyers. 
     

HOW IS COVID-19 AFFECTING DENVER'S REAL ESTATE MARKET?

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789 Clarkson St.

Denver, CO 80218

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1225 E. Platte Ave.

Colorado Springs, CO 80909

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ERIN SPRADLIN

719.491.4949

erin@erinandjamesrealestate.com

JAMES CARLSON

720.460.1770

james@erinandjamesrealestate.com