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I live in a bustling neighborhood in Chicago called Boystown, the city’s best-known gay enclave, with a plethora of bars, shops, and other businesses tailored for the LGBT community. Having moved to Chicago a little more than five years ago, I’m always taken aback when natives tell me, “You wouldn’t have wanted to live in… Continue Reading The Problem With Gentrification
When you contact clients, make sure to offer something of value in the conversation so they don’t see it as a nuisance call. Content sponsor Firepoint, a real estate CRM company, has released The Rule of 3, a guidebook to help you create a communications strategy focused on increasing leads. Here’s what the company says… Continue Reading The Rule of 3: Communicating to Grow Your Business
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
A new study from the National Association of REALTORS® found a decline in the number of foreign homebuyers in the U.S. as well as the total sales volume. Total international sales totaled $121 billion during April 2017 to March 2018, a 21 percent decline from the previous 12-month period. NAR Chief Economist Lawrence Yun blamed… Continue Reading Story Idea: NAR Study Shows Decline in International Home Buyers
Buyers need their attorney to investigate CCR's and HOA's either prior to contract or during the due diligence period if the buyer wants the ability to terminate should there be CCR's or HOA or Condo issues that the buyer does not want (e.g. visitor restrictions, rental restrictions, costs, management, solvency, cannot park RV/boat/tractor trainer on… Continue Reading Covenants, Restrictions, Owners Association, Condo Deed, Bylaws
"Classic" Mediation: This is the long-established NAR "assisted self-settlement" procedure where REALTOR® mediators are trained to act as a peacekeeper/facilitator/realist to assist the disputing parties in reaching their own self-settlement. Mediators then help the parties write down their settlement on the NAR mediation form and the parties sign. Because the parties arrived at the decision… Continue Reading What is Ombudsman aka Ethics Mediation?
Only use SCR313 comfortably when your buyer is timely/properly terminating under SCR311 due diligence. https://screaltors.org/wp-content/uploads/Forms/313.pdf For all other uses of SCR313, you should be very worried and always recommend your buyer seek legal counsel asap before taking any actions or submitting any SCR313 or communicating any termination to the other side (e.g. seller, seller's rep).… Continue Reading Terminating and Earnest Money
Photo credit: BanksPhotos -iStock / Getty Images Plus By Rosie Rosati, guest contributor As a homebuyer, it’s easy to understand the appeal of investing in an older home. After all, it’s the perfect opportunity to tackle a few DIY projects and renovations to give the place the custom touch you’ve always imagined. Although this can seem… Continue Reading Watch for Asbestos When Renovating Older Homes: You May Be at Risk
Last week, the U.S. Department of Treasury issued the latest in a series of reports aimed at improving regulation of the U.S. financial system. The report focuses on recommendations for nonbank financials, fintech, and innovation. NAR provided feedback on this initiative to Treasury earlier this year, highlighting a number of topics of importance to REALTORS®.… Continue Reading NAR Supports U.S. Treasury Efforts to Improve Financial Regulation, Foster Tech Innovation
Foreign buyers purchase property across the United States, but 52 percent of international buyers are still concentrated in five states: Florida, California, Texas, Arizona, and New York, according to NAR’s recently released 2018 Profile of International Activity in U.S. Residential Real Estate. [1],[2] Foreign buyers 266,800 U.S. existing homes during April 2017‒March 2018. Florida was… Continue Reading Florida, California, and Texas: Top Foreign Buyer Destinations, According to 2018 NAR Survey