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JUST SOLD: 87 Abbott St., Fonthill – Current State of the Real Estate Market

We are happy to report the successful (FULL PRICE) sale of 87 Abbott St., Fonthill on Friday April 4th, 2020. (Listed March 8th, 2020 prior to the March 17th, 2020 declaration of a State of Emergency in the Province of Ontario)

We have received many questions from community members about the current state of the real estate market.

Late last week The Government of Ontario updated its list of non-essential businesses in response to the ongoing COVID-19 pandemic. Although real estate services are still considered essential, the government has prohibited the hosting of open houses, effective 11:59 PM on Saturday, April 4, 2020.

According to a Real Estate Council of Ontario (RECO) Bulletin issued April 4th 2020: "RECO strongly recommends that brokers and salespeople follow the direction of health officials by limiting showings to situations where they are absolutely necessary."

Are we allowed to take new listings?

According to RECO: "Yes, you may enter into new listing agreements with sellers. However, you are under no obligation to do so. Before asking your client to sign a listing agreement, make sure they understand the services you are prepared to offer, and how those services will differ compared to what they might have expected from a typical trade prior to the COVID-19 pandemic."

Have questions about the Market? During the past 30+ years we have helped our clients navigate the market through multiple economic cycles - give us a call or email. We're working from home and have lots of time to chat💬!

Read Real Estate Council of Ontario (RECO) Bulletin

John Bosse and Cathy Berkhout-Bosse, Brokers

Our approach is simple:

Back-to-Back - As your service partners we have your back – we are responsive, we follow through, we work collaboratively with you, with our established professional network and our community.

Back-to-Basics - We guide you through every step of the process with expert advice, market insight and tech-savvy systems to help you make smart, informed decisions.

Back-to-You - We believe in giving back others- in the care of service we provide and as valued change agents for our Profession and in the Niagara community.

Call/Text: 905-892-8920  email: info@teambb.ca      Teambb.ca

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