Santa Barbara Real Estate Articles

Business As (Un)usual: Social Distance Selling During the COVID-19 Outbreak

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We’re all learning new ways of doing business during the COVID-19 outbreak and real estate-ing while under strict shelter-in-place orders is no exception. Fortunately, my dedicated support team and I have been able to pivot quickly and adjust to business as unusual. I’ve been using quality photography, videos, virtual tours, floor plans, and single property sites for years, so I am better prepared than most to help my clients buy and sell property remotely.

How Kelly Knight Real Estate is working through the outbreak:

business-as-usual-berry2My No. 1 goal is to keep my family and clients safe and help flatten the curve by honoring Santa Barbara’s shelter-in-place order 100%. My broker, Village Properties, and the Santa Barbara Association of Realtors (SBAOR) is working hard to set clear guidelines for conducting business during the coming days and weeks, since the market is still very active. You read right. Buyers are still out there and motivated.

What Realtors Cannot Do (as per the SBAOR):

  • No Open Houses
  • No Broker Tours
  • No Broker Price Opinions

What Kelly Knight Realtor will do if you’re a determined Seller or Buyer:

  • List your home on MLS and market the heck out of it online
  • Create virtual tours and conduct virtual showings and open houses using the latest technology, including 3D imagery
  • Help buyers navigate the new normal of online home shopping
  • Advise buyers and sellers on handling paperwork remotely

Heads up:
The home buying and selling process could take longer, and lending guidelines could change. It might be challenging, but I am here for you (and your clients). That’s the reality, even if it’s virtual.
Now more than ever, we all need to band together to support local small businesses. Village Properties has gathered some helpful resources for you to share. Click here to read the blog.

We don’t yet know how long it will take to restore normal public health and return to everyday living. But we will get there by working together. I am here to help and listen. Call me at 805-895-4406 or email Kelly@villagesite.com with any questions or concerns.

Special Update: COVID-19 and the Santa Barbara Real Estate Market

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kk-mailchimp-v2Buy, Sell or Wait? What’s Changing and What Isn’t? Coronavirus and the Santa Barbara Real Estate Market

Although we have weathered dramatic changes in the real estate market in the past, the unprecedented global health threat posed by coronavirus is unlike any other potential market disruption we’ve experienced before.

In this time of uncertainty, my clients and referral partners are asking a lot of questions. I want to try to address them the best I can, keeping in mind that the landscape is constantly changing.

First, know that Kelly Knight Real Estate’s top priority is the safety of our clients and
my dedicated support team. We are working diligently to stay informed and are following the latest CDC recommendations, as well as the guidelines being established by our local Association of Realtors (SBAOR) and the state and national associations (CAR and NAR). At the same time, we are working hard to assess the impact of COVID-19 on the Santa Barbara real estate market. But unlike the financial markets, real estate data emerges over time.

Here’s what we do know:

  • Buyers and sellers will continue to conduct business, although overall transaction volume will drop temporarily.
  • Escrow companies are still open and are recording deeds remotely via e-recordings.
  • Lenders are working remotely and modifying their processes. Given the high number of refinances in process due to recent rate drops, timelines might be extended. Appraisal timelines may lag as well.
  • Housing supply remains tight and demand is high.
  • Mortgage interest rates are at near historic lows and may go even lower.
  • Today’s conditions are far different from those that led to the 2008 recession. Runaway lending precipitated the drop in housing prices then. It was a structural problem in real estate finance that has since been fixed.

Here’s how the local real estate community is responding:

  • Village Properties closed its offices following Gov. Newsom’s Stay at Home order issued last week.
  • SBAOR disabled the “Broker Tour” and “Open House” functions in FLEXMLS (our local multiple listing service) last week. All open houses are cancelled until the order is lifted.
  • We are following the recommendations of CAR and SBAOR, that all property showings and inspections must be conducted virtually to protect the safety of everyone involved.
  • We are constantly analyzing market data and watching for significant shifts.
  • We are planning to send regular updates to keep you informed as conditions change.

Realtors Group Puts Knight on Ombudsman Committee

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The Santa Barbara Association of REALTORS® (SBAOR) Board of Directors has appointed Kelly Knight to the group’s ombudsmen committee. Knight, a real estate broker with Village Properties, will serve a two-year term beginning Jan. 1.

SBAOR provides resources, tools and advocacy for its 1,200 members, who represent all real estate specialties including residential and commercial sales, property management, appraisals and development.

The ombudsmen committee meets as needed. The role of its members is to serve as communicators and conciliators, not adjudicators. The committee functions to help identify and solve misunderstandings and disagreements before they turn into charges of unethical conduct or lawsuits.

Before embarking on her career in real estate, Knight was a practicing lawyer and mediator for 15 years. She has channeled her legal expertise in real estate law into taking care of all of her clients’ real estate transactions.

She holds a bachelor’s degree in business administration from Bucknell University in Pennsylvania and earned her juris doctorate from McGeorge School of Law, University of the Pacific. She can be reached at 895-4406 or kellyknightsb@gmail.com.

For more information on the Santa Barbara Association of REALTORS®, call 963-3787 or visit www.sbaor.org. The office is at 1415 Chapala St.

— Jennifer Goddard Combs for Santa Barbara Association of REALTORS®.

South Coast House Prices Jump 18.6 Percent

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012214-Rork-Table3_t479According to the Santa Barbara MLS and as reported in the Santa Barbara Independent (January 31, 2015 ) South Coast House Prices Jump 18.6 Percent!

Read the full article here.