Membership does have its privileges. The National Association of REALTORS® Benefits Program was established to give REALTORS® value-added offers and savings on products and services, in addition to the brand recognition and trust that comes with the REALTOR® name. These benefits — for business and personal life — cover everything from new computer purchases and printing costs at FedEx to ongoing education and a vast library or real estate books and periodicals.
Some REALTORS® look at the short sales market and see the Wild, Wild West. But there’s no denying that short sales, foreclosures, distressed homes and flipped houses make up a good percentage of the real estate landscape in 2012.
In an effort to stabilize housing prices and unload some of the foreclosures flooding the marketplace, the Federal Housing Administration (FHA) extended a waiver of its anti-flipping regulations through 2012, suspending regulations that prohibit agencies from insuring mortgages to purchase homes that are bought and resold in less than 90 days. The Federal Housing Finance Agency (FHFA) also announced a new directive that directs Fannie Mae and Freddie Mac to align their guidelines for servicing delinquent mortgages they own or guarantee. These regulations, as well as current economic conditions, have led to a steady quantity of distressed and foreclosed homes. Continue reading »
The Second Home Market has changed a lot since the Douglas Fir Plywood Association published Second Homes for Leisure Living in 1960. Today, millions of Baby Boomers in the United States (40.7 million between the ages of 50-59) have spending power and are preparing to retire, and many are predicted to enter the vacation home and second home markets over the next few years to look for vacation properties or make sound investments. A number of second-home buyers are targeting discounted and distressed properties that will serve as vacation homes and potentially full-time residences later in life. Baby Boomers are snapping up property near their children who may be grown and starting their own lives away from home. A segment of second-home buyers are also turning to real estate as a far better investment than banks and the stock market. Continue reading »
Real estate is a difficult field to master, requiring a great deal of education, the ability to multitask and tips and tricks that take a career to learn and apply. For new REALTORS® it can all be incredibly overwhelming. Fear not. Here’s a list of 10 Tips for New REALTORS® that can help everyone from the agent at their first day on the job to the 10-year veteran looking to help the new kids on the block find their way.
1. Find the Right Real Estate Company
Your first real estate company is usually the most formative in a REALTOR®’s career. Look for a broker who runs an organized, client-focused office with high ethical standards and processes in place for training. Does the company advocate technology? Do they have a strong presence in the local media? Do they market the company and the team well? Continue reading »