NAR released a summary of existing-home sales data showing that housing market activity this July fell for the fourth straight month down 0.7 percent from last month, and dropped 1.5 percent from last year. July’s existing-home sales reached 5.34 million seasonally adjusted annual rate. The national median existing-home price for all housing types was $269,600… Continue Reading July 2018 Existing-Home Sales
By Matt Clements Building a team, in my opinion, is a must. Think about it: Your clients expect it. In order to be a top agent today, it’s critical for your clients to know that you have power, reach, and resources behind you. You need a buyers agent, maybe even two or three. This power… Continue Reading Is It Time to Build a Real Estate Team?
LLR RPCDS (aka seller disclosure) Question 16 (e.g. any easements...access/conservation/utility/other) will almost always require a YES seller answer and a YES answer requires the seller to explain the answer. http://www.llr.state.sc.us/POL/REC/RECPDF/Property%20Condition%20Disclosure%20Statement.pdf Posted by : Byron King on 8/22/18 (This information is only accurate as of 8/22/18. You must contact SCR for updates and changes to this… Continue Reading Almost All Properties have Utility Easements
The LLR Residential Property Conditional Disclosure Statement and Addendum (aka the seller disclosure and HOA addendum) requires the seller to disclose HOA fees/costs/charges/assessments. There are four questions that elicit the seller to disclose all owners association cost/fees/charges/assessments. Yes answers on the seller disclosure require seller explanation, can use additional pages as required. http://www.llr.state.sc.us/POL/REC/RECPDF/Residential%20Property%20Condition%20Disclosure%20Statement%20Addendum.pdf Sellers should… Continue Reading Sellers Should Disclose All HOA fees/charges/costs/assessments on Seller Disclosure
The Federal Housing Finance Agency (FHFA) on Tuesday announced that Fannie Mae and Freddie Mac will conclude their single-family rental pilot programs. National Association of Realtors® President Elizabeth Mendenhall, a sixth-generation Realtor® from Columbia, Missouri and CEO of RE/MAX Boone Realty, issued the following statement commending the FHFA for its decision. With inventory shortages facing… Continue Reading Realtors Commend FHFA Decision to Abandon Single Family Rental Program
Southwest Airlines allows PSA, ESA, SA on flights if they are one of these three animals: dog, cat, miniature horse. https://www.texasmonthly.com/the-culture/can-bring-trained-service-miniature-horse-southwest-flights/ Property managers and landlords looking to minimize fair housing issues (e.g. lawsuits, federal government action, state government action, local government action, LLR action, REALTOR® ethics actions), should make reasonable accommodations for all PSAs, ESAs,… Continue Reading Southwest Airlines and Psychological Support Animals, ESA, Service Animals
The REALTORS® Confidence Index (RCI) survey[1] 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 July 2018. View and download the full report here. Market Conditions and Expectations The REALTORS® Buyer… Continue Reading REALTORS® Confidence Index Survey: July 2018 Highlights
Existing-home sales decreased for the fourth straight month in July to their slowest pace in over two years, according to the National Association of Realtors®. The West was the only major region with an increase in sales last month. Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, decreased… Continue Reading Existing-Home Sales Slip 0.7 Percent, Lowest Pace in Two Years
WASHINGTON (August 20, 2018) – On Friday, the U.S. Department of Housing and Urban Development filed a housing discrimination complaint against Facebook, alleging the site’s targeting tools allow advertisers to intentionally exclude specific demographics from viewing or receiving certain housing-related ads. HUD claims the social media site violated the Fair Housing Act by enabling advertisers… Continue Reading Realtors® Applaud HUD Decision to Target Online Housing Discrimination
Check with your local government and DHEC and attorney. SC "seller disclosure" forms asks about environmental issues and underground issues. So, disclosure can apply. SECTION 44-29-30. Burying or burning of dead animals and poultry. Whenever any animal or poultry shall die from any natural or other cause, except from being slaughtered or killed for the… Continue Reading Dead Animals and Manure Disposal