Featured Classes and Event
- July 10 | CRMLS Training – Free at CVAR East (Rancho)
- July 11 | Reverse Mortgage
- July 12 | New Member Orientation
- July 13 | Cloud – Landing Pages – CVAR East (Rancho)
- July 18 | Real Estate Agents’ Guide to Probate – CVAR East
Dues Winners Announced!
The winners of the Member Appreciation Month contest for free 2018 local dues have been announced. All were randomly selected from those who took the CVAR Member Survey or visited and left a business card any of the three CVAR offices (Glendora, South El Monte, Rancho Cucamonga) during Member Appreciation Month in June.
Marlow Ayala of Dynasty Real Estate, Covina
Diana Verlingo of RE/MAX Masters Realty, Glendora
Joaquin Murguia of Marketorder Financial Services, Ontario
Catherine Luxton of Realty One Group Masters, Glendora
Anthony Fernandez of HomeSmart Professional Partner, Monrovia
Deide Nicastro of Century 21 King, Rancho Cucamonga
Redfin Tests Buy/Sell Service
At the same time Redfin filed to go public in late June, the Seattle-based online brokerage announced it was testing Redfin Now, a service in which Redfin buys homes directly from sellers and resells them to buyers.
Fannie Loosens Loan Constraints
Fannie Mae will ease its loan qualification requirements, raising its debt-to-income ceiling from 45 percent to 50 percent on July 29. The move could make it easier for a larger number of new buyers to qualify for a mortgage. READ MORE
Links to Digital Copyright Changes
Brokers and sales associates are vulnerable to infringement claims, so make sure you own or have a license to use any listing or other photos you use in connection with a listing or that appear on your website. If you contract with a photographer, get a written agreement. READ MORE
4 Issues for Property Management
Four hot-button issues were explained by property management and policy experts at the Property Management Forum in Washington, D.C. READ MORE
Client Tip: Selling Renter-Occupied Home
Selling a property that’s occupied by tenants means coordinating showings and encouraging renters to keep the home looking presentable to buyers. Here are some tips that will help agents and their sellers successfully navigate the process. READ MORE
Cities Report – Latest in Foothill communities from CVAR Government Affairs Director Bill Ruh.
Rental Growth – Fastest this year in Sacramento; Seattle; Riverside, CA; Fort Worth, Texas; Salt Lake City; Las Vegas; San Diego; Atlanta, and Orlando, FL. Average monthly costs: $1,339, according to RealPage.
Freddie Mac – The 30-year mortgage rate fell to 3.88% – but prior to a sell off in the bond market.
Median Price – Homes in California, May 2017: $550,000.
C.A.R. Market Pulse Survey – REALTORS® are more cautious due to growing concern over supply and affordability issues.
In Case You Missed It….
Millions May Get Credit-Score Boost
As of July 1 the three largest credit-reporting agencies began cleaning up credit reports, which could help lift the credit scores of about 12 million consumers. READ MORE
Client Tips: ‘As Is’ Doesn’t
Let Seller Off the Hook
Just because sellers don’t want to address repairs doesn’t mean selling their home “as is” lets them off the hook. Here are six tips for selling an “as-is” home. READ MORE
Approaching the FSBO
Eighty-nine percent of sellers work with a real estate agent to sell their home, according to NAR’s 2016 Profile of Home Buyers and Sellers. That should tell you what kind of opportunity there is to convert FSBOs, which made up only 8 percent of total home sales in 2016. The majority of homeowners who try to sell on their own eventually realize they don’t know how to handle a sale by themselves, and they turn to you for help. READ MORE
LA in Top 10 for Cost of Ownership
When it’s finally time to buy a new home, one of the questions people ask: How much do you need to in order to get a place—and how much do you need in order to keep it? Property taxes, leaky roofs, home insurance, and termites — oh my. Truth be told, there are all sorts of hidden costs that could turn your bargain basement deal into a den of financial horrors. READ MORE