Based on REALTORS® who reported about their transactions in August 2018, home buying activity slowed compared to the level of activity one year ago, according to the August 2018 REALTORS® Confidence Index Survey. The REALTORS® Buyer Traffic Index[1] slid to 57 in August 2018 from 69 one year ago. To be clear, homebuying activity was… Continue Reading REALTORS® Reported Slower Homebuying in Many States in August 2018
Storms and Forms If you ever have a buyer or seller or tenant or landlord impacted by a natural disaster or a man-made disaster/disorder always recommend the parties obtain legal counsel asap. You are ethically bound to make this recommendation under the NAR Code of Ethics, Article 13. The law firm can discuss statutory and… Continue Reading Storms and Forms
NAR Code of Ethics: Article 9 Realtors®, for the protection of all parties, shall assure whenever possible that all agreements related to real estate transactions including, but not limited to, listing and representation agreements, purchase contracts, and leases are in writing in clear and understandable language expressing the specific terms, conditions, obligations and commitments of… Continue Reading Making the Copies…
By Melissa Dittmann Tracey, REALTOR® Magazine Getting a little mismatchy in kitchen cabinet color designs is no longer being viewed as an unfinished reno job, but instead perfectly stylish in fitting with today’s trends. These “tuxedo kitchens,” as they’re nicknamed, are where the upper cabinets may be in one color—like in all white—and then the… Continue Reading Hot Home Trend: Color Block Your Kitchen Cabinets
NAR released a summary of existing-home sales data showing that housing market activity this August was steady yet flat from last month, and dropped 1.5 percent from last year. August’s existing-home sales maintained a 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $264,800 in August, up 4.6… Continue Reading August 2018 Existing-Home Sales
Owners association disclosure calls to the hotline revolve around two main post-closing issues: (1) fees for the owners association (e.g. fees are increasing dramatically, the seller concealed a $40,000 special assessment) and (2) the rules/management of the owners association (e.g. I can't park my RV in the driveway, the board enforces nitpicky rules, the manager… Continue Reading Owners Associations
Renting to pet parents, yummy Ranch Dressing, personality types, spiders and more compiled by Anne-Marie Siudzinski, Senior Library Information Specialist. Sheltering the homeless in empty big-box stores. The tasty history of Ranch Dressing. Will a new boarding system from United Airlines cut down at congestion at the gate? We sure hope so. Learn how to… Continue Reading What We’re Reading: September 17-21
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 August 2018. View and download the full report here. Market Conditions and Expectations The REALTORS®… Continue Reading REALTORS® Confidence Index Survey: August 2018 Highlights
By Lee Davenport Sarah Johnston (aka @AdventuresInRealEstateYYC) has what many might call “Instagram magic.” Beyond being an Instagram influencer, Sarah Johnston is an agent with MaxWell Capital Realty—Bridgeland, in Calgary, Alberta, Canada, and is also the president-elect to the Calgary Real Estate Board. She has even brought her talents to the University of Calgary as a… Continue Reading Better Than Instafamous: Q&A With Instagrammer Sarah Johnston
Upon flood, storm, wind, hurricane, fire, earthquake, or other whole/partial damage to the Property, the buyer or the seller have a window where either can timely/properly terminate the deal. If neither the buyer nor the seller timely/properly terminate the deal within the window, then the seller is obligated to repair the damage or provide an… Continue Reading SCR300 SCR310 Residential Contract’s Fire/Casualty/Injury Section