For those of you accustomed to joining NHAR for its annual “REALTORS in the Crossfire” seminar each Spring, the event has not gone away, but the format has changed, for this year only. For your convenience, the NHAR Risk Management Subcommittee is proud to offer the first of three 2012 “REALTORS in the Crossfire” video presentations, below.
This week, “The Top 10 Things NOT to do or Say as a REALTOR” is presented by attorney Matt Johnson of Devine Millimet. Matt oversees the NHAR Legal Resource Line, a free member benefit at nhar.org (click on the purple RISK MANAGEMENT box on the home page).
Matt’s Part 2, “Top 10 Risk Management Tips,” will be released next Monday, June 18, and his third and final topic, “Top 10 Things NOT to Put on a Listing Sheet or Tell a Prospective Buyer,” will be released on June 25.
Keep in mind, while this is an alternative delivery vehicle to NHAR’s “REALTORS in the Crossfire,” it should be considered a supplement, not a replacement. Risk continues to escalate in the real estate industy, making this popular program more relevant and better attended than ever before.
Mark your calendars for next April, as the subcommittee has already begun lining up speakers for the return of “REALTORS in the Crossfire” as a live risk management event.
The New Hampshire REALTORS who took part in the Rally To Protect The American Dream at the Washington Monument during the NAR Midyear Legislative Meetings can say they were truly part of an historic event … and one that garnered plenty of media attention as well.
Below is information on just some of the exposure the Realtor Rally received across the country:
Outlet: U.S. News & World Report
Title: Realtors Rally Near Capitol Hill to Save Homeownership
Publication Date: 05/17/2012
Article URL: http://www.usnews.com/news/blogs/home-front/2012/05/17/realtors-rally-near-capitol-hill-to-save-homeownership
Text Snippet: A sea of blue lapped against the foot of the Washington Monument Thursday as more than 10,000 blue-shirted Realtors from across the country descended on the nation’s capital to pressure Congress to keep housing at the top of legislators’ priorities in coming months. According to organizers, the rally—sponsored by the National Association of Realtors and complete with a jumbotron, DJ, and its own Twitter hashtag—was the largest assembly of Realtors NAR has ever recorded in one place.
The following are notes provided by New Hampshire Association of REALTORS President John Rice (pictured at right) after attending the NAR Midyear Legislative Meetings in Washington, D.C., May 15-19, 2012.
Ed Demarco, FHFA Director: Fanny and Freddy continue to play leading roles in the housing market. Regulation streamlining and more clarity in the short sale process is coming in September. Their strategic plan calls for: 1.) Building the future, to include rebuilding the secondary mortgage market, issue certificates with or without government guarantee and a wide array of mortgage products; 2.) Contracting the enterprises footprint in the marketplace — greater reliance on private financing; and 3.) Continuing to ensure full effort to service trouble borrowers.
Carol Galante, HUD Acting Assistant Secretary for Housing: Wants to modernize regulations and policies that create opportunities. Wants to make changes to condo lending policies. Committed to strong and stable FHA, managing risk, while making a wide range of loans available. Read more…
By Peter Francese
First quarter residential home sales in New Hampshire were 17 percent above 2011 and the highest they have been since 2007. Maybe it was the mild winter, or perhaps it was the rising stock market. Whatever it was, it may predict a very good year and the beginning of the end of this historically long period of flat home sales.
Every year for the past four years, first quarter residential home sales were in the narrow range of 1,675 and 1,900 units, and total sales for those years (2008 through 2011) never exceeded 10,800 units. During that same, four-year period, first quarter home sales averaged about 17 percent of the entire year’s sales.
First quarter home sales this year reached 2,223, the first time since 2007 that the number has exceeded 2,000. If that ends up being 17 percent of 2012 sales, the state would reach 13,076 homes sold in 2012, the most since 2006. If, as in 2007, first quarter sales end up being 20 percent of the year’s sales, we can expect about 11,100 homes sold in 2012, still higher than any year since 2007.
My view is that 2012 residential home sales will match the 12,000 sold back in 2007. Read more…
Interested in learning more about what your REALTOR membership does for you? The NHAR Member Resource Guide, which you are encouraged to download and print for free as a trifold brochure, is a tool for just that. To find the statewide guide, click here. NHAR has also produced customized guides for each of our 14 local boards, which you may request by contacting Director of Communications Dave Cummings.
Do you know a REALTOR who’s doing outstanding volunteer work, helping to make his or her community a better place to live? Of course you do. And chances are, his or her organization could use this year’s $1,000 award, presented annually by NHAR to its Good Neighbor Award recipient. Please, consider taking the time to nominate a worthy REALTOR and help to recognize those among us who are living and breathing our REALTOR ideals. Click here for details.
By Alice Noyes
It’s very common these days to be asked for a letter of explanation, especially when the lending institution decides there is a skeleton in the closet that requiers an explanation. For example, 10 years ago, Mr. Buyer made a late payment on a charge account before he ever met and married Mrs. Buyer. How can they prove that perhaps he had a legitimate reason.
One of the most memorable letters was acceptable to the bank, once I removed the coffee stains from it and ran it throught the spell check. In memory of that whole affair, I took the most common errors made in letters of explanation and composed my own little version of dos and don’ts. When I pass this sample out to my clients, I often inform that I know of a ghost writer for hire if they should need one. First, I show them a letter which needed more than a spell check. Luckily, it was one of a kind, and as I said, I do know this ghost writer. (See sample below.)
To Whom it May Concern,
On April 24th, 2010, we leased a car from All Way Leasing Co. and by meantime we thought we got scr—d in the deal. And we called them for a car that was in are budget that wasn’t a leasing car. The kept on telling us to wait. We waited a month then brought the car down to them. They took the keys and and parked the car in there lot and it as there loss. They knew they were wrong for taking the keys and car. So they turned around and put are names in the creited bureau. I hope this doesn’t hurt are chances to get a loan. Thank you.
Alice Noyes is an 18-year real estate veteran and an agent with Choice Realty in Manchester. Her column, “Alice From the Palace,” will be published every other Monday here, at the New Hampshire Association of REALTORS blog, nhpluse.com. She can be reached at email@example.com.