The Paisa Vaisa podcast helps you understand all things money so that you can make well-informed financial decisions. Understand the basics every week as host, Anupam Gupta, talks with experts across a wide spectrum of the banking and financial services industry: CIOs, CEOs, startup founders, bloggers, advisers, even kids - all of them are part of the awesome line up of guests on the show.
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In this episode, REALTOR® Adam Kruse and REALTOR® Shannon St. Pierre talk about Coronavirus and its effects on the real estate market. Find out what practices Hermann London has implemented to make sure its agents stay successful during these uncertain times. Email questions to PODCAST@HermannLondon.com Adam Kruse-https://hermannlondon.com/realtor/adam-kruse/ Shannon St. Pierre-https://hermannlondon.com/realtor/shannon-st-pierre/ ITUNES-http://goo.gl/rs1q9X Producer - Joey Vosevich Theme Song by Trastornobeats 1:30 This podcast was broadcast live via Zoom from Adam’s basement and Shannon’s home office 2:18 Zoom Video Conferencing to do daily chats to build community among the agents, lenders, and employees 3:02 Hermann London has been paperless for a long time 3:16 Direct deposit 3:39 Walkthrough videos 4:12 Docusign and esignataures 4:27 Hermann London has always had a high tech and high touch approach 5:05 Agents are reaching out to clients and neighborhood communities like MapleGood 6:16 REALTORS® have been deemed an essential business 6:52 Should a seller list their house now or wait until Coronavirus quarantine is over? 8:06 Will days on market (CDOM) become less of a stigma during Coronavirus? 8:46 What precautions are Hermann London taking during home showings? 9:12 ShowingTime is limiting the amount of people who can look at a home 11:24 Hermann London is doing video walkthroughs for every listing 12:00 Shannon’s son interrupts the interview 12:08 The screening process has become more thorough 12:50 Missouri Association of REALTORS® came out with a form to let the seller’s decide if they want to let people come through their house 13:30 Are buyer’s still looking at houses? 14:52 Buyer’s that are out looking are serious 15:26 Photos and video are more important than ever 16:25 The virtual tour video links on home search websites like Realtor.com and Zillow have always been hidden for some reason. Hermann London agents have been putting the virtual tour video link in the open house comments section. 17:31 Wizah.com is Hermann London’s property search website and it now has a “request virtual tour” button. 19:22 Wizah.com now allows buyers to submit an offer without having to wait on or meet with anyone 20:50 How has Coronavirus affected inspections? How has the Association of REALTORS® dealt with delayed inspections? 21:53 Will a seller extend a contract if a buyer loses their job during Coronavirus? 23:00 Are inspectors and handymen working during Coronavirus? 26:22 When the Fed lowered interest rates to 0% did it affect mortgage rates? 29:45 How are REALTORS® handling Coronavirus? 30:29 How is Coronavirus similar to the 2008 housing crash? 33:20 Verne Harnish has 5 C’s for dealing with Coronavirus