With some required adjustments, local developers and real estate agents are still keeping their business going amidst the coronavirus crisis, writes Natalie Kostelni for the Philadelphia Business Journal.
Tom Bentley, who runs Bentley Homes in West Chester, has found a new way to hold closings. He makes sure that the seller is in one room, the buyer in another, and the person representing the title company in a middle room.
There is no handshaking. Checks get written and the money gets wired. After each session, everything is wiped down to keep it sanitary.
Meanwhile, Glenmoore-based Rotelle Development Co. & Studio has seen a drop in the sales of custom homes. However, the market is still strong for homes in subdivisions.
“We have noticed traffic is down across the board, but we don’t have any canceled contracts yet, and so far, that has been a blessing,” said Peter Rotelle, the company’s president.
Read more about these Chester County-based real estate developers in the Philadelphia Business Journal here.