C.A.R. Research Analyst Guillermo Flores says that overall, the market in CVAR’s region continued improving from the previous months and the same time last year. “While we expect the selling season to extend past its typical months, the continued shortage of active listings will likely slow market activity in the months ahead, after all you […]
COVID Time: 9 Seller Tips
If a client is thinking about listing their home, there are ways to attract homebuyers during this unprecedented time. While curb appeal ideas and implementing strategic home staging are still worthy endeavors in appealing to homebuyers, an ideal home office or an entertainment-worthy backyard may have found renewed interest for today’s homebuyers. Here are 9 tips to […]
New COVID Concern: Digital Real Estate Scams
The con is older than the internet–but all the more powerful in a real estate industry locked down by a pandemic and increasingly dependent on cyber-transactions. The digital scam nearly upended a deal just hours before closing. Willow Glen agent Don Sabatini led his client, a savvy, professional woman with grown children, through the months-long […]
April 20 – CVAR Connect
CVAR’s COVID-19 Resource Guide What’s Happening at CVAR under the COVID-19 restrictions IRS: Tax Relief for Business Recent Updates & Guidelines for REALTORS® Latest COVID-19 Updates from C.A.R. Citrus Valley Association of REALTORS® is conducting all business remotely. Meetings and classes presented by CVAR will be online and free of charge (see available classes below). Virtual Staging Do’s […]
IRS Extends 1031 Exchange, Opportunity Zone Tax Deadlines
The IRS issued guidance last Thursday to grant deadline relief for both 1031 like-kind exchanges and opportunity zone investments that are already underway. Both of these programs are designed to promote economic growth in communities, and NAR made the case that investors in these programs should not be harmed due to the effects of COVID-19. 1031 Like-kind exchanges. […]
10 Things to Help Brokers Weather the Storm
by Erica Ramus, Broker Leaders need to step up their game and steer their brokerages in the right direction. The novel coronavirus is a global pandemic few can deny at this point, and our industry will be seriously affected no matter how short or how long the situation lasts. How can a real estate broker mange through this […]
Real Estate Designated ‘Essential’
Residential Real Estate has been listed as an essential service in the March 28, 2020 Federal list of Essential Critical Infrastructure Workers. However, if a city or county has an order with a more restrictive standard regarding what qualifies as an essential service, or more restrictions on activities, those guidelines will still govern the activities […]
March 23 CVAR At A Glance
Effective Now at CVAR Citrus Valley Association of REALTORS® will conduct all business remotely until further notice, due to the threat of Coronavirus COVID-19. All meetings and classes will be free and online. READ MORE A message from our CVAR president and the CEO: Click Here Free Online Classes March 23 | Free Webinar on New Coronavirus […]
Refinance Requests Soar With Rate Drop
Record-low mortgage rates are delivering more refinancing demand than some lenders can handle. Homeowners are rushing to refinance their mortgages thanks to big falls in interest rates prompted by fears of the spreading coronavirus. Some lenders are having trouble keeping up with the red-hot demand. Weekly refinancing applications recently hit their highest level in nearly […]
Tax Filing, Payments Deferred
Treasury Secretary Steven T. Mnuchin announced via Twitter on Friday that taxpayers now have until July 15 to file their tax returns. “We are moving Tax Day from April 15 to July 15. All taxpayers and businesses will have this additional time to file and make payments without interest or penalties,” he wrote. Earlier in […]