3/6/2020 Agenda Greetings Welcome New Members to USREOP - - PowerPoint PPT Presentation

3/6/2020

Agenda

 Greetings – Welcome New Members to USREOP  Conference Calendar – Upcoming Conferences/Events  Economic Outlook – Where are we & what’s coming?  Monthly Topic – Selling REO In an Infected World

Greetings

 Welcome to the Call

 New members:

 Elaine Corbin (PA)  Jennifer Kuhn (NJ)

 If you know someone that you feel would benefit from

being associated with this AWESOME GROUP

 Refer them to Mary and Angela

Conference Calendar

 Best Source: https://www.usreop.com/events/list/  Green River Capital Symposium (SLC)

3/11 – 3/13/20

 US REO Partners Luncheon (SLC)

3/11/20

 California MBA Legislative Day (Sacto, CA)

3/23/20

 The Five Star Government Forumn (D.C.)

4/1/20

 AMDC Diversity Symposium (NOLA)

5/6 – 5/7/2020

 NRBA 19th Annual Education Conference (LV) 6/3 – 6/6/20  REOMAC @Gaylord Rockies, Denver

7/18-7/20/20

 USREOP Client Appreciation & Charity Event (Dallas)

9/13/20

Economic Outlook

 Inventory down

 33% across our state

 Current Actives at 7,791

 Lowest point in 15 years  Only the 8th time below 10,000 and we’re below 8,000!

 Rates at historic lows  Market is heating up!  Buyers are coming out of the woodwork!

Monthly Training

Monthly Training

 The Goal of Today’s Training…  To Make Us All More Educated on Covid-19  To Help Us Serve Clients in a Time of Uneasiness  Let’s Talk About

 Influenza  SARS  MERS  COVID-19

Monthly Training

 Previous Outbreaks

 SARS (Severe Acute Respiratory Syndrome) (2002)  MERS (Middle eastern Respiratory Syndrome) (2012)

 Both are actually types of Corona Viruses

 Now, CoVid-19…

Monthly Training

 Which Countries have been effected?

Covid-19 vs Influenza

Symptoms

 Both cause fever, cough, body aches, fatigue;

sometimes vomiting and diarrhea.

 Can be mild or severe, even fatal in rare cases.  Can result in pneumonia.

Source: John Hopkins Medicine, Lisa Lockerd Maragakis, M.D., M.P.H. – 3/5/2020

Covid-19 vs Influenza

Transmission

 Both can be spread from person to person through droplets

in the air from an infected person coughing, sneezing or talking.

 A possible difference: COVID-19 might possibly be spread

through the airborne route.

 Flu can be spread by an infected person for several days

before their symptoms appear, and COVID-19 is believed to be spread in the same manner, but we don’t yet know for sure.

Covid-19 vs Influenza

Treatment

 Neither virus is treatable with antibiotics, which only

work on bacterial infections.

 Both may be treated by addressing symptoms, such as

reducing fever. Severe cases may require hospitalization and support such as mechanical ventilation.

Covid-19 vs Influenza

Cause

 COVID-19: Caused by one virus, the novel 2019

coronavirus, now called severe acute respiratory syndrome coronavirus 2, or SARS-CoV-2.

 Flu: Caused by any of several different types and

strains of influenza viruses.

Covid-19 vs Influenza

Prevention

 Both may be prevented by frequent, thorough hand

washing, coughing into the crook of your elbow, staying home when sick and limiting contact with people who are infected.

Covid-19 vs Influenza

Deaths

 COVID-19: Approximately 3,347 deaths reported worldwide; 11 deaths

in the U.S., as of Mar. 5, 2020.

 Flu: 291,000 to 646,000 deaths worldwide; 12,000 to 61,000 deaths in

the U.S. per year.

 The COVID-19 situation is changing rapidly. Since this disease is

caused by a new virus, people do not have immunity to it, and a vaccine may be many months away. Doctors and scientists are working on estimating the mortality rate of COVID-19, but at present, it is thought to be higher than that of most strains of the flu.

SARS vs MERS vs Covid-19

The Impact on the Market

 The Stock Market  Schools Are Closing All Over WA  The Business Community Reaction

 Microsoft Closed  Facebook Closed  Amazon Considering Closing  Many companies have said “If your job can be done

from home, stay home”

The Impact On Real Estate

 Just in my office, we have:

 Had Sellers Take Their Homes Off The Market  Had Buyers Leave and Return to China Because “it’s

safer”

 Had Brokers ask “Should we tell our clients to wait to

buy, because it will be cheaper?”

 NO!

So, What Do We Do?

 Follow a few basic rules:  Rule #1 – You can’t decide for someone, how anxious

they feel about the Virus Situation.

 Rule #2 – If they are anxious – let them know that

they are not alone, and that they could probably sit

• n the sidelines for a bit, as many other people are

as well.

 Rule #3 – If they are NOT anxious – there are deals

to be had!

So, What Do We Do?

 If they are a Buyer or a Seller, they will have less

competition.

 If they are financing, they have better rates than

everyone else at this time.

 And, guess what?  When things settle down, the rates will go up!  So, give the same GREAT advice you always give, but

gauge their anxiety level first.

So, Now You Know What To Do

Questions?

Closing

 Does anyone have a struggle that they want this

POWERFUL Group’s ideas on?

Ed’s Contact Details

 E: ed.laine@hometownadvisorre.com  P: (206) 229-5515  A: 2331 130th Ave NE, Ste. 100, Bellevue, WA 98005  Service Area: King, Pierce, Snohomish Counties (and

beyond for some clients…)

 For Training Videos:  https://www.youtube.com/user/MrEdlaine1967/  For Blog:  https://www.realestateanswers.guru/