Section #9 of SCR220 ERTS listing agreement requires the seller to disclose defects and keep the seller disclosure completed and updated. Also, the listing agreement allows the brokerage to sue the seller for related damages and receive indemnification from the seller. PROPERTY INFORMATION/SELLER'S PROPERTY DISCLOSURE STATEMENT: Owner warrants that, to Owner's knowledge, there are no… Continue Reading Listing Agreement Requires Seller Disclosure
REALTORS® reported that seller traffic weakened in January 2019 compared to conditions one year ago. The REALTORS® Seller Traffic Index registered 42 in January 2019, according to NAR’s January 2019 REALTORS® Confidence Index Survey.[1] A level below 50 indicates more respondents reported weaker seller traffic than stronger seller traffic in January 2019 compared to one… Continue Reading Homeowners Remain Reluctant to Move/Sell as of January 2019
Dangerous concrete, very special Oreos, a unique way to get around town from Citroën and much more, compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. Why is concrete dangerous? Find out here. Live in The House Of Tomorrow, if you have $3 million to renovate it. Food expiration dates, clarified. Jessica Paro/flickr/2003 Game of Thrones Oreos. … Continue Reading What We’re Reading: February 25-March 1
Listing reps need to brief sellers to secure all drugs, prescriptions, poisons, opioids and alcohol to prevent pilfering during showings of listings. Children sometimes accompany parents on showings. Additionally, secure all weapons, valuables, pets, children, identity theft info/items, credit cards, sentimental items, expensive clothing, art, etc. Open house safety includes alerting neighbors and partners and… Continue Reading Risk Management: Substance Abuse, Alcohol, Suicide, Depression, Taxis/Uber, Rehab, Counseling
By Erica Christoffer YPN leaders: As the spring market starts to heat up, you’re likely searching for ways to not only get your YPN members involved, but also support them in their businesses. So we’ve compiled a few event ideas from other YPN groups that will help you keep your YPN active, involved, and beneficial… Continue Reading Think Spring With These Ideas To Grow Your YPN
NAR released a summary of pending home sales data showing that January’s pending home sales pace was up 4.6 percent last month but fell 2.3 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 January 2019 Pending Home Sales
About 3,000 REALTORS® who responded to NAR’s REALTORS® Confidence Index Survey in January 2019 expect home prices to typically appreciate in the next 12 months at modest pace of two percent on a national scale. In 2018, the median price of existing homes sold in the United States rose 4.8 percent. Respondents expect home prices… Continue Reading REALTORS® Expect Modest Price Growth of 2 Percent in 2019
The REALTORS® Confidence Index (RCI)[1] survey gathers monthly information from REALTORS® about local real estate market conditions, characteristics of buyers and sellers, and issues affecting homeownership and real estate transactions.[2] This report presents key results about market transactions from January 2019. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: January 2019 Highlights
By Melissa Dittmann Tracey, REALTOR(R) Magazine Bold colored vanities and vinyl flooring are gaining more clout in home design. Last week at the 2019 International Builder Show and the Kitchen & Bath Industry show, thousands of designers and builders talked trends as vendors showed off their latest innovations for the home. Here are a few… Continue Reading 7 Surprising Design Trends for the Home: Which Has Staying Power?
NAR released a summary of existing-home sales data showing that housing market activity this January, fell for the third straight month and was down 1.2 percent from December 2018. Sales of existing homes dropped 8.5 percent from January 2018. January’s existing home sales reached a 4.94 million seasonally adjusted annual rate, the lowest since November… Continue Reading January 2019 Existing-Home Sales