Want to Pique Potential Sellers’ Interest?
Are you interested in getting the word out to potential sellers about your talents, market knowledge and ability to help them list and sell their property? You already have a fabulous tool at your fingertips (FREE) in REALTOR Property Resource (RPR). They’ve written an informative article 5Cs of a Successful Farming Strategy that will help …
To ‘Escalation Clause’ or Not to ‘Escalation Clause’
When there is a hot sellers’ market, certain buyers have sought methods to obtain an advantage over competing buyers. One factor that often influences a seller to accept an offer is the price. To make the offer more attractive than competitors, buyers in some situations add an “escalation clause” or “escalation addendum” to their offer …
CFPB Says Closing Disclosure can be Given To REALTORS
On July 7, 2017, the Consumer Financial Protection Bureau (CFPB) released the final rule amending the “Know Before You Owe” mortgage disclosure rule. As advocated for by NAR, the final rule clarifies the ability to share the Closing Disclosure (CD) with third parties – a victory for real estate professionals nationwide. The Closing Disclosure is …
Court Ruled VT Commercial Solar Panel Farm Not a Nuisance to Neighbors
A group of landowners (“Owners”) filed a lawsuit in Vermont, after a neighbor leased their property to a solar company that built a commercial solar panel array (“Panels”) on the property. The Owners alleged that the Panels constituted a private nuisance because the Panels affected the neighborhood’s aesthetics and caused a loss in property values. …
$1500 off closing costs from MassHousing this summer
MassHousing is making it easier for your customers to buy a home this this summer! Qualifying homebuyers who close a MassHousing loan between July 3 and September 29, 2017 can get A $1,500 closing cost credit Discounted interest rates Reduced MI Premiums And that’s on top of the always great features of a MassHousing Mortgage: …
Use Ziplogix to Help Combat Wire Fraud
The Denver couple that lost their life savings due to wire fraud has just filed suit against their lender, Realtor and title company, alleging that all parties routinely sent sensitive financial information through non-secure email, violating their own and industry guidelines. A quick version of this sad story is that after the couple sold their …
Please Report Sales, Verify Data
It’s that time again – end of the month and end of a quarter! Please check the MLS system to make sure all your sales are reported correctly, that your pending listings are marked and the data is accurate. We’re anxious to run the quarterly report! Looking at the preliminary numbers, here is what we …
Legal Marijuana and Real Estate
This brief video shares the legal issues that a real estate professional may encounter as marijuana becomes legal for both medical and recreational use in many U.S. jurisdictions. NAR also has a lot of other written material that might be helpful in starting to learn about this emerging topic. Pot Businesses Need REALTORS too: Commercial …
The appliances are included, right?
Question: I don’t have to list the appliances in the P&S agreement because they are included on the MLS listing, sheet, right? WRONG! Only the items listed in the Purchase and Sale agreement are to be transferred as part of the sale price of the property. Anything left “unmentioned” is not included, regardless of what …
Innovative Solutions for Homeownership
In a stroke of good news, Fannie Mae announced new policies that will help more borrowers with student debt qualify for a home loan. The new solutions give homeowners the opportunity to pay down student debt with a mortgage refinance, allow borrowers to exclude non-mortgage debt paid by others as part of the loan application …