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September 2011

Sep 30 / 3:01pm

Short sales lose appeal among first-time buyers

Short sales lose appeal among first-time buyers

WASHINGTON – Sept. 29, 2011 – Short sale transactions are becoming less popular among first-time homebuyers. Buying a home in a short sale transaction may offer a huge bargain – sale prices average 27 percent lower than non-distressed properties – but more first-time home buyers say the processing delays aren’t worth the trouble.

First-time buyers’ share of all short sales dropped to 39.7 percent of transactions in August – a three-month drop and the lowest share ever recorded for first-time homebuyers, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey. In November 2009, first-time homebuyers’ share of short sales reached a peak of 54.1 percent of all short sale transactions.

With bargain deals, why are short sales losing their appeal?

Buyers complain that short sale transactions take too long to close, with approval times often taking several months after a buyer submits an offer. Some buyers, frustrated at the delays, place offers on multiple properties with plans to close on whichever one is approved fastest.

The average time on market for short sales is 16.6 weeks, and the majority of that time is spent waiting for short sale approval, the HousingPulse Tracking Survey found.

Source: “First-Time Buyers Losing Interest in Short Sales,” RISMedia (Sept. 26, 2011)

© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688

Sep 29 / 6:43pm

Purchasing Power Strategies and New Affordable Housing Opportunities Presented During Major Countywide Housing Expo

The Realtors® Association of the Palm Beaches is spearheading a countywide initiative to help residents realize the American Dream of homeownership.  During the event attendees will have the opportunity to gain valuable information to help strengthen their purchasing power.  Key non-profit housing organizations and experts from real estate-related companies, who are committed to eliminating obstacles and unveiling new opportunities, will be on hand throughout the day.  For example, Christie Hardcastle, a Financial Education Specialist for CredAbility, a local non-profit credit counseling and education agency, will be in attendance.  According to Hardcastle, “In this economic climate homebuyers need to look as appealing as possible to the lender. I tell clients to think of their lending application as their "financial resume."  In addition, Neighborhood Renaissance, presented by the Lake Worth Consortium, will offer valuable information regarding affordable homeownership opportunities to income-eligible households. Attendees will also learn about homes currently on the market. For example, fully-renovated homes in Lake Worth, Royal Palm Beach and Palm Springs being offered for under $100,000 will be available through Community Land Trust of Palm Beach County. Collectively, there will be experts from over 30 companies and organizations on site to provide information and guidance regarding local government housing assistance, credit counseling, foreclosures, short sales and various other topics. Seminars related to mortgage options, foreclosures and short sales will be presented as well.           

Realtors® Association of the Palm Beaches 2011 Housing Expo

Date: Saturday, October 1

Time: 10:00 a.m. – 4:00 p.m.

Location: John Prince Park, Center Drive Pavilion, Lake Worth

Admission: FREE

The Realtors® Association of the Palm Beaches (RAPB) represents over 7,500 real estate professionals and is dedicated to preserving the vitality of Palm Beach County's real estate market, our quality of life and private property rights.

Information Link: www.rapbhousingexpo.com

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Sep 27 / 10:37am

Top REALTOR Association Execs That Get Tech | Doug Devitre

Top REALTOR Association Execs That Get Tech

by admin on 26. Sep, 2011 in Leadership, REALTOR Associations

You don’t have to be a computer programmer anymore.

You don’t have to have a staff of 5 or more.

You don’t have to be afraid of tech anymore.

Don’t do it for me, don’t do it for your job security, and don’t do it because you can.

Do it for your member.  They are what matter and if you can’t be relevant they will jump ship and go elsewhere.

If you are a REALTOR® Association Executive, president or future of your association…

  • What can you do to remain relevant?
  • What can you do to retain membership?
  • What can you do that members will take action?

As a result of reading this article you will:

  • Feel more confident in future decisions you make.
  • Know which options to delegate to staff or virtual assistants.
  • Do more with less money, time and resources.

It’s easy for me to say what you can do.  Instead I want you to hear from the Top Dogs at their association and what they are doing to remain relevant.

These REALTOR® Association execs have these things in common:

  • They have an open mind about future best practices
  • They measure results and can hold others accountable.
  • They have the membership as a whole in mind when making decisions

Here is what they are saying…

Note: There are so many great examples that I couldn’t possibly get them all in one post.  If your association is doing something out of the ordinary to help members please add a comment at the end to talk about what you are doing.  The more we share the more we learn from one another.

Mark Epstein, Executive Vice President of Tri-Counties Association of REALTORS® and Vice President of rPartner for Pacific West Association of REALTORS®.

Mark Epstein

The most valuable technology that I have implemented for my association to-date has to be WordPress.  This incredible tool enables me to communicate with my members in a comprehensive format. For example, I released a new program to my members and posted a WordPress link on Facebook. I also tweeted it and the result was well over 200 people readers in just one day.  I don’t think that I can get the same response from email anymore.

So can WordPress make your association money?  Of course it can! We have just started our networking partners program.  This is a sponsorship that we offer our affiliates so that they can also take part in our online communications.  They will provide short industry news updates, and we will eventually categorize them by affiliate types as we gain additional posts.

Triple Play YPN


WordPress will also save your association money as you will no longer need to pay website hosting and managing fees because Word Press is FREE if you host with WordPress. Should you decide to go with an alternative provider, such as GoDaddy, then costs are as low as 5.99 a month.

Word Press has an unbelievably easy platform.  I set ours up on a Saturday morning.  Check it out at www.tricospotlight.com or www.theypn.com.

This is for sure the most effective, efficient, and inexpensive new way to communicate to your members!

Terry Penza, Association Executive of NorthShore Barrington Association of REALTORS®

Terry Penza

I have been fascinated with science fiction movies my entire life and have always wanted the pad they all have in Star Trek!  It doesn’t take much to see  all the advantages of electronic devices.  I was born to be an early adopter.

Just starting with word processing in the 1980′s saved hundred hours since most of association communication are repeats with some changes.  I do not miss white out!  Each new progress into technology opens more doors and advantages.  Today the excitement is in the apps – simple, free or cheap and delivers just that one thing you want instead of a huge software that is expensive and use of just a small part of that program – think Outlook.

I would have to say GoToMeeting has provided the most for the brokers, at least lately. They enjoy the ability to participate in a meeting without the necessity to coming to the location.  The ability to be somewhere virtually without having to be their physically has provided us with a great way to communicate.

Northshore Barrington Association of REALTORS iphone app

Our iPhone app has the most potential and those who use it like it a lot and want more. Email is still our most effective way of communicating when we convey a concise message.

Staff knowledge as a resource for ALL technology questions and ability to repair.

My personal favorite at the moment is Sign My Pad.  It is so easy to fill out forms, sign and email that I usually go to my iPad for forms instead of the desktop.  It is also great for agents to have a way to fill in NSBAR 100+ forms with Sign My Pad.  NO need to expensive DocuSign.

The ability to now show the ipad screen while training or instructing is opening another door.

We are always just one app away from changing how to do a job or function so keeping up to date can be a challenge.  NSBAR is starting an iPad club.  We once had a monthly computer club that died off but we will generate a new platform with the Ipad.  To get into the door for free you have to tell us about your favorite app that helps them make money in real estate.

At NSBAR we don’t just have a line item on the budget for technology.  It is immersed in all line items.

Bob Hale, Chief Executive Officer at the Houston Association of REALTORS

Bob Hale


Bob has put together an arsenal of membership tools that help the members grow.  In the last two years his team has reinvented their communication channel HARconnect which gets over 4,000 hits per week and YouTube channel which has over 130,000 views.  He continues to add new tools to the mix each month which are mobile friendly.

Byron Bogaard, Chief Executive Officer at Central Valley Association of REALTORS®

Byron Bogaard

My cell phone (Verizon iPhone 4) also known as a “smart phone” has made me much more efficient, while providing the highest value for my association.  The more I learn the better I become.  Coming in a close 2nd place would be my iPad.

My smart phone allows me to connect with a specific person, a huge audience, a specific group, or multiple segments all while I am in one place or on the go.  It also helps me with tasks; keep track of them, who is doing what, where we are at in the process, receipts, and much more.  This in turn keeps things running smoothly, drives down cost, and saves time.  I also use this device to take or make pictures, listen to music, track my workout, and edit my grocery list.  Being on top of it allows me freedom.

As I type, I am using my other hand looking at my apps and folders setup for work. It blows my mind to think of how much I can do with this device and I love it!

Central Valley Association of REALTORS

I am able to video an interview with someone like the NAR President, post it to the Association’s Facebook page long with our website all from my phone while at the latest National Association meetings in DC or Chicago.  This allows my leadership and staff to be engaged in what’s going on and simultaneously gives the average member on the street a glimpse into the latest happenings.   My smart phone allows me to connect to members, potential members, other AOR staff/leadership, the public, media, government and more.

As an exec I am constantly on the go, so by using my phone I can bring the members along with me, thus allowing them to understand the choices and information that is coming at the industry and association.  It also allows for a higher level of transparency with the members and I believe a higher level of ownership for the Association volunteer leaders.

Carol S. Van Gorp, RCE, CAE, CIPS, ePro, Chief Executive Officer, The Realtors® Association of the Palm Beaches

Carol Van Gorp


The REALTORS® Association of the Palm Beaches with around 8,200 members, is located in the largest county in Florida. It easily takes over an hour and a half to drive from one end to the other! We have two office locations that are about 45 minutes apart and both are brand new and feature downsized classrooms. In analyzing our use of space to plan for our new facilities, we found that we rarely filled over 75 seats in our old auditoriums and were paying a lot for unused capacity.  To combat this and to save square footage, we downsized the classrooms and installed a video conferencing system, called LifeSize, in both of our new locations.

LifeSize

It ties the auditoriums together so that an instructor can be in one location, teach to a live audience while having students in the other location at the same time.  It’s the closest thing to cloning a popular instructor! It makes it so much more convenient for our members to be able to choose the location that is nearest them.  Additionally, our conference rooms are tied together so that committee meetings can be held simultaneously.  On an average, this ability saves at least an hour of time for each of our volunteer leaders each time they attend a meeting.

Have you cut back on the number of classes you offer because it is hard to fill the seats?  The REALTORS® Association of St. Lucie is about 60 miles from us and is testing the equipment right now so that they can tie in and share our education programs. One instructor and three classrooms (or more) solves this problem handily.

Mark Allen, RCE, CIPS, CRS, Chief Executive Officer, Minneapolis Area Association of REALTORS®

mark allen

The Thing is an interactive market analytics tool designed to give REALTORS® instant access to nearly any view of the local housing market imaginable, all within an immersive, elegant, easy-to-use interface. With The Thing there are no complicated drop-down lists, no lengthy search menus, no complicated analytic charts and no long wait times for results.

10 K Research

In less than three clicks and three seconds, a REALTOR® is able to create charts that illustrate things like average days on market of condominiums in a specific neighborhood, months supply of inventory of foreclosures at a certain price point in a specific geographic area, pending sales of single family detached lakeshore homes in a specific area or the median sales price of three bedroom short sales in a specific city.

As Claire Killen, broker at Emerald Real Estate stated, “The Thing is a powerful tool that enables me to tell the story of my client’s real estate market at a very local and detailed level.”

The tool was developed by 10K Research and Marketing, a division of the Minneapolis Area Association of Realtors. MAAR was frustrated with the limitations and clunkyness of other MLS-market statistics products available on the market and set out to make their own in a simpler, more human-scaled vision. Since its completion, the tool has been sold to several other MLSs nationally, including MRED in Chicago and NTREIS in Dallas.

10K works with partners to tell the story of their real estate market in a localized, elegant and easy-to-understand way with powerful tools to own the discussion of real estate in their own backyards. MLS data is utilized to bring accurate and timely housing trends to light for an unparalleled perspective on local housing activity identified with the partner’s brand.

10K Research and Marketing, a division of the Minneapolis Area Association of REALTORS®, is a growing technology company in the real estate space that partners with REALTOR® associations, MLS organizations, brokers and other real estate companies to create visually compelling, statistically accurate research reports, interactive tools and infographics.

Rohn Goldstein, CEO at South metro Denver REALTOR Association

Rohn Goldstein

It is not just one thing.  In today’s tech world one thing touches only a small part of membership.

We use Facebook, Twitter, Linked in, Camtasia for presentations, YouTube channel for videos, e-blasts directly to members, and our own video studio to push out messages in a more active and personal way.  We combine these tech classes to teach those skills and more advanced tech-networking events to share apps, and software.  In addition to that we are using Google more and more for communication in targeted groups.

It takes all of that and 100 more things to be effective for us.

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I will presenting at National Association of REALTORS convention communication directors meeting November 12th in Anaheim California where I will be introducing my new book, “It’s Either Now or Never”.  Here is an assessment that communication directors can use to hold staff and leaders accountable which is one of 15 which will be shared during the meeting.

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We are so excited and proud to have Carol Van Gorp as our CEO at the Realtors Association of the Palm Beaches (RAPB). She has catapulted our association to a high-tech place it has never seen before and we just continue to move forward!

Sep 21 / 2:12pm

Shop Whole Foods Wellington on Wednesday, September 21st

5day

Do your Whole Foods shopping and help the Paws 4 Liberty service dogs in training by shopping at Whole Foods Wellington on Wednesday, September 21st.  Whole Foods will donate 5% of net sales to Paws 4 Liberty.

Sep 19 / 3:10pm

2011 tax credits available for 'green' updates

Posted by email 

WASHINGTON – Sept. 19, 2011 – Adding green technology to a home can help homeowners save money in the long run, but some may not be able to afford the upfront investment. Several tax credits effective this year, however, can help homeowners – and buyers – save on green updates.

Here are two main tax credits available for those interested in making energy efficient improvements to their homes:

1. Wind, solar, geothermal and fuel cell tax credit: This tax credit is available for existing homes and new construction. Homeowners can receive a credit up to 30 percent off the cost of their improvements between Jan. 1 and Dec. 31 this year. The following green updates qualify: Geothermal heat pumps, solar panels, solar water heaters, small wind energy systems, and fuel cells.

2. Qualified energy efficiency improvements
: This credit gives a 10 percent tax credit for purchases “placed in service” between Jan. 1 and Dec. 31, 2011. The maximum credit for a taxpayer for all taxable years is $500, and no more than $200 of such credit may be attributable to expenditures on windows. This rule means that taxpayers who have claimed $500 or more of this tax credit in prior years, particularly 2009 and 2010, can no longer participate in the program.

Learn more about what upgrades are eligible as well as how to apply on the National Association of Home Builders’ website.

© Copyright 2011 INFORMATION, INC. Bethesda, MD (301) 215-4688

Sep 19 / 3:08pm

Fewer real estate agents expect price drops

Posted by email 

EMERYVILLE, Calif. – Sept. 19, 2011 – Most real estate professionals and homeowners expect home values to decrease or stay the same through the end of the year, according to HomeGain’s third quarter survey. While the outlook remains dour, however, a higher percentage of real estate agents seem to think their market area has hit bottom and is rebounding.

In Florida, one in five (22 percent) real estate professionals surveyed expect prices to rise over the next six months, as did 22 percent of homeowners. That’s second only to Arizona, where 33 percent of agents anticipate a price increase and 29 percent of homeowners.

Nationally, 11 percent of real estate professionals expect home values to increase in the next six months, down one percent from last quarter; 12 percent of homeowners expect home values to increase, down 3 percent from last quarter.

According to the survey, 47 percent of agents and brokers and 45 percent of homeowners think that home values will decrease over the next six months. However, agents’ attitudes have become slightly less pessimistic since the second quarter (50 percent expected price declines) even though homeowners have become more pessimistic (30 percent expected price declines).

An almost equal number of agents and homeowners expect selling prices to remain roughly the same for the next six months, with 42 percent of agents expecting the status quo to continue compared to 43 percent of homeowners.

According to agents and brokers, 75 percent of homeowners believe their homes are worth more than the agent’s recommended listing price. In contrast, 68 percent of homebuyers believe homes are overpriced.

The five states with a rising outlook about home prices – Arizona, Florida, Texas, California and Ohio – were generally hit hard by the real estate crisis and now may be bouncing back. The five top states where agents expect prices to decline include New Jersey (77 percent of agents expect a six-month price drop), Pennsylvania (75 percent), North Carolina (68 percent), Georgia (62 percent) and Virginia (58 percent).

Over 500 real estate agents and brokers and over 2,200 homeowners were surveyed.

© 2011 Florida Realtors®

Sep 6 / 11:22am

What do I get as a member of RAPB?

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At the Realtors® Association of the Palm Beaches (RAPB) we are always striving to bring you the latest technology, education and services available to help you excel.  Allow RAPB to be part of your business and take advantage of your benefits today!  

Just take a look at what we now offer...

·        Two, state-of-the-art locations featuring an internet cafe with free wireless access and a private closing room to bring your clients.

·        Friendly, knowledgeable staff available to answer questions and assist with your concerns

·        Our brand new office in West Palm Beach was opened to save our members money by reducing the cost of our lease from Lake Worth.

·        We renovated our office in Boca Raton which saved our members money by eliminating our lease by moving the space into the conference room, which we own.

·        Video conferencing software is now available for you to use free of charge to connect with your out-of-state or out-of-country clients in both RAPB locations.   

·        To eliminate the cost of printing fliers, we have added touch screen kiosks in the lobbies of both RAPB locations available for you to pay your dues or to print an upcoming education flyer.

·        Top-notch education featuring free topical seminars, contracts classes, continuing education options, technology seminars, and more.

·        Live interactive training is now available at the location most convenient for you; Boca Raton or West Palm Beach, by use of our video conferencing software called Lifesize.

·        Monthly FREE trade show; Lunch on the House which features education, lunch and networking with RAPB members and Affiliates.

·        Localized monthly Palm Beach County Housing reports which include market forecasts and foreclosure numbers to provide you with a point of reference when speaking to your clients.

·        Discounted online continuing education through The CE Shop

·        Special rates on tenant screening through TransUnion

·        Specialty or niché groups focusing on Global Business and Commercial Real Estate  

·        Strong Government Affairs representation in 38 municipalities. You can follow GA's accomplishments on the Government Affairs News Feed.  

·        Online education through our video channel RAPBTeachesMe.tv where you can watch all of our free education session streaming live online and archived as well for later viewing.

·        Weekly interview show; Wednesdays@3 featured online every week at RAPB.tv. Tune in to hear about the latest technology available for REALTORS®, information about the current market, interviews with RAPB Affiliates and more.

·        Facebook and Twitter page to follow RAPB via social media

·        The RAPB at Your Service Blog has topical real estate information that you can share on local, state and national real estate issues.

·        Stay up to date with the latest technology by following RAPB's technology blog; RAPB Wire

·        Weekly email update; the REALTOR Report to keep you informed of upcoming RAPB education, news and events.

·        Easy to navigate website with information you need in your daily business

·        Coming soon! - RAPB Smart Phone app to keep RAPB at your fingertips

·        Coming soon! - Online rating system for easy access to RAPB Affiliates and other local real estate related businesses.

Questions? Email memberinfo@rapb.com