There are more questions than answers in today’s market as to what is going to happen to real estate in Saratoga Springs NY dues to the Corona Virus. Shops and restaurants are closed. The main street is void of people walking and shop doors with signs that say Closed indefinitely. Will life get back to normal soon? When? Right before the Corona Virus hit the USA, Saratoga Springs NY Real Estate was booming. Houses that were priced right went on the market on day, and within a few days you see the sign with an added small sign, “Pending Sale”.

This experience will be something new for the buyers and sellers of real estate in Saratoga to keep in mind. The focus right now is on the safety and concerns of our citizens, foremost, before anything else. Real estate showings now are considered risky and could possibly spread the virus by being in someone else’s house. It is a two-way street. It can be risky for buyers that are going into other people’s homes. Touching the cabinets and kitchen counters. Sellers come home to their house after a showing and unsure of who was in their house and if they could possibly spread the virus into their own home.

These times are certainly different times and they require caution and perseverance. It is best to relax and wait for the storm to pass before looking too deep into actually going into a transaction in this type of market. Please note that in New York – Governor Cuomo is beginning to close state agencies in the state. The closure of the County Clerk, in Saratoga County, it is on McMaster St in Ballston Spa. This would mean that the Title of any property can not be accurately provided to the title company. No mortgage lender or sensible attorney would let a transaction close in this state of not knowing. But don’t worry, the Saratoga Springs Real Estate market is holding its breath for everything to pass so that we can get back to buying and selling as normal. When the Corona Virus is over, expect the market to heat up again!