Using data from the 2018 Profile of Home Buyers and Sellers we can break down household composition, and the relationship it has to home purchasing choices. Among all recent home buyers, 63 percent were married couples, 18 percent were single females, nine percent were single males, and eight percent were unmarried couples. Four percent of… Continue Reading Home Buyer Households: Valentine’s Day 2019
By Lee Davenport No. I’m not interested. Some other time. You don’t have to call me, I’ll call you. If you’re “single and ready to mingle” this Valentine’s Day, you may know these are words of rejection. No means no in dating, PERIOD. But in the world of residential real estate—where everyone needs a place to… Continue Reading Turn Objections into Sales Opportunities
NAR members and Association staff can borrow up to six electronic books, digital audios and/or videos at no cost, through the Virtual Library eBooks Collection. Members can also borrow up to three books for 30 days from the Library Catalog for a nominal fee of $10. Call Information Services at 800.874.6500 for assistance. Essential rainwater harvesting : a… Continue Reading New Books–February 2019
By Sarah Anderson, vice president marketing, VHT Studios Photo credit: VHT Studios Have you found yourself in the past month mysteriously decluttering and refolding your clothes, all the while holding each one in your hands and pondering if they truly “spark joy?” Since the release of Netflix’s newest hit show Tidying Up with Marie Kondo,… Continue Reading 3 Ways to Virtually ‘Marie Kondo’ Your Condo
By Dale Swanton Millennials are all grown up! The generation that came of age around the turn of the century are now in their 20s and 30s. While generational groups can be difficult to define with any specificity, the Pew Research Center, one of the country’s leading research institutions, considers millennials to be those born… Continue Reading Attract and Retain More Millennial Clients
At the national level, housing affordability is up from last month but down from a year ago. Mortgage rates were unchanged from last month at 4.99 percent this December, and up 18.2 percent compared to 4.22 percent a year ago. Housing affordability declined from a year ago in December moving the index down 8.4 percent… Continue Reading December 2018 Housing Affordability Index
To comply with pre-contract SC Vacation Rental Act disclosure to buyers/buyer rep: Send this written information: " Property __________________________________________________________ SC is subject to vacation rentals from _____________________, 2019 through ________________________ 20__." Send this written information to the buyers/buyer rep prior to contract via: Paper (delivered by US mail, courier, hand) Text Email Fax Seller Disclosure… Continue Reading From Byron King: SC Vacation Rental Act Compliance
By Melissa Dittmann Tracey, REALTOR® Magazine The fireplace is a hot home accessory to accent when a home is for sale, and a little staging can go a long way in giving it the attention it deserves. Staging and real estate professionals submitted some of their favorite staging photos and tips for our new slideshow,… Continue Reading How I Staged it: The Fireplace
https://www.nar.realtor/legal/irs-requires-reporting-of-cooperative-commissions IRS Requires Reporting of Cooperative Commissions Share Facebook Twitter LinkedIn Print The Internal Revenue Service (“IRS”) requires that listing brokers who pay a cooperative commission in excess of $600 to an individual who is not their employee must complete a Form 1099-MISC. While this is not a new law, it has come to NAR’s… Continue Reading NAR on 1099 coop brokers, referral brokers
NAR released a summary of pending home sales data showing that December’s pending home sales pace was down 2.2 percent last month and fell 9.8 percent from a year ago. Pending sales represent homes that have a signed contract to purchase on them but have yet to close. They tend to lead existing-home sales data… Continue Reading December 2018 Pending Home Sales