Weekly Notices
May 18, 2018



Area Home Prices Continue Rise    
 





Spokane-area housing prices took another big leap in April, with the median sales price topping $231,000.

In March, the median price for condos and single-family homes on less than 1 acre was $219,000, according to the Spokane Association of Realtors. In April 2017, it was $200,000.

Local housing prices typically peak during the July-to-September period, said Ken Sax, president of the Spokane Association of Realtors and designated broker at Keller Williams Realty.

So, there could be more escalation to come.



Read more in The Spokesman-Review, online here.
 


Legal Hotline: Winning the Offer Battle
 
 
 
NEW!

Washington REALTORS® Legal Hotline lawyer Annie Fitzsimmons is back with Part 6 of her new video series: Winning the Offer Battle Without Losing the War.

In this episode, Annie talks about instances of the misuse of Form 22AD by Buyer's Broker.

Watch the eight-minute video online here: 


Misuse of Form 22AD
Misuse of Form 22AD
Part #6 





Part 5:


Buyer wants to make an offer more attractive to the Seller by waiving inspection contingencies.

Annie explains the extraordinary risks to buyer and also answers the question: "Does a buyer, who does not include an Inspection Contingency, still have the right to conduct an 'Information Only' inspection?"

Watch her nine-minute video online here:


Buyer's Choice 
Waiving Inspection Contingencies
Part #5







PART 4:
 
Annie discusses buyers who need financing but don't want to include a financing contingency in their offer in order to make the offer more attractive.

What are the risks to buyer and buyer's broker?

Annie gives points to consider before proceeding in this manner.

Her nine-minute video is online here:


The Risks of Not Including Financing Contingency When Buyer is Reliant Upon Financing 
The Risks of Not Including Financing Contingency when Buyer is Reliant Upon Financing
Part #4





PART 3:

Brokers have been writing some pretty unrealistic closing dates (a "fast" closing) on their Buyer's offers in the hopes of making their offer stand out to the Seller.

In this episode, Annie goes over potential risks for the Buyer.

Watch the six-minute video online here:


Brokers Writing Unrealistic Closing  
Brokers Writing Unrealistic Closing Dates
on Buyers' Offers
Part #3







PART 2:

In this video, Annie talks about which line on Page 6 of Form 17 buyer should sign.

Watch the 10-minute video online here:


Winning the Offer Battle - Part 2 
Winning the Offer Battle without Loosing the War 
Part #2






PART 1:

In part 1 of this series, imagine that your buyer cast too much caution to the wind and found themselves forfeiting earnest money, or maybe regretting having paid too much for the property, or possibly found that the property was riddled with conditions that they weren't aware of.

If your buyer loses that battle, you as the agent could be the collateral damage in the loss of that war.

Buyer might be likely to blame you saying that you failed to caution them sufficiently about the risk they were undertaking.

Annie wants to talk about some of the standards that are considered to be buyer protections.

See Annie's new seven-minute video online here:   
 
 
Winning the Offer Battle Without Losing the War - Part 1 
Winning the Offer Battle without Losing the War
Part #1
 
  
  
  
Lunch & Learn: Manufactured Homes 
 
Monday, June 4th

Brokering the purchase and sale of a manufactured homes puts you in a different world than traditional site-built homes.

Find out more about manufactured homes with Angie DeArth at our next Lunch & Learn at the SAR on Monday, June 4th.

Find out more online here.




Lunch & Learn: Speaking "Investor" 
 

Monday, June 11th

This fast-paced, information-packed class will give you a working knowledge of the benefits of investing in rental real estate.

Gain more business by speaking "investor" with Eric Bessett and Tara Ostlin from Madison Real Estate and Property Management with this Lunch & Learn event on Monday, June 11th.

Find out more online here.




2018 REALTOR® Education

CONTINUING EDUCATION
 
Quality of Education 
through SAR/WR Education Instructors


Here is the latest class listing from your SAR - offering the best live and local continuing real estate education classes for 2018.

Click on each class title,  underlined in blue, to bring up a flyer for that class - suitable for posting in your office. 

Register for these classes online here: 

 
  


Please be in touch with Debbie at the SAR if you have any questions about these classes or your license education requirements, by phone at 326-9222 or by email.
 
   





NEXT WEEK!
  
The U. S. Department of Housing and Urban Development (HUD) invites you to a free HUD homes sales training event on Monday, May 21st, at the SAR.

This local training will touch on the Good Neighbor Next Door program, new e-signature process, and financing as-is homes with FHA or conventional financing.

Afternoon snacks provided; drawing for a $100 VISA gift card!  
 
See the event flyer with more information online here .







What Else do we Need - PSA Addenda 
What Else Do We Need - PSA Addenda

NEXT WEEK!

Tuesday, May 22 - What Else D o We Need...PSA ADDENDA - with Sabrina Jones-Schroeder.

Check-in: 8:15 a.m.
Class: 8:30 a.m. to 3:30 p.m.
at the SAR

6.0 clock hours

 


The Truth about Negotiating 
The Truth about Negotiating
 
NEXT WEEK!

Wednesday, May 23
- The Truth About Negotiating - with Linda Miller Sheets.

Check-in: 1:15 p.m.
Class: 1:30 p.m. to 4:30 p.m.
at the SAR

3.0 clock hours



 
 
Code of Ethics - Standards for Success 
Code of Ethics - Standards for Success

NEXT WEEK!

Thursday, May 24 - Code of Ethics Standards for Success - with Linda Miller Sheets.

Check-in: 8:15 a.m.
Class: 8:30 a.m. to 4:30 p.m.
at the SAR

7.5 clock hours


 



Code of Ethics - Standards for Success 
Code of Ethics - Standards for Success


Thursday, June 7 - Code of Ethics Standards for Success - with Linda Miller Sheets.

Check-in: 8:15 a.m.
Class: 8:30 a.m. to 4:30 p.m.
at the SAR

7.5 clock hours




The  
The "Nekkid" Truth


Friday, June 8 - The "Nekkid" Truth: Six Principles of Building a Real Estate Business - with Linda Miller Sheets.

Check-in: 8:15 a.m.
Class: 8:30 a.m. to 12:30 p.m.
at the SAR

4.0 clock hours







Core Curriculum 
Core Curriculum


Friday, June 8 - Current Issues in Washington Residential Real Estate - with Sabrina Jones-Schroeder.

Check-in: 1:00 p.m.
Class: 1:30 p.m. to 4:30 p.m.
at the SAR

3.0 clock hours




 
In This Issue
Area Home Prices Continue Rise
Legal Hotline: Winning the Offer Battle
Lunch & Learn: Manufactured Homes
Lunch & Learn: Speaking "Investor"
2018 REALTOR® Education
SAR CALENDAR
The Question #2
HUD Homes Sales
New Homesnap MLS App
Marketing in Our Market Today
Member 2 Member
Member Roster Update - APRIL
Market Activity Report - APRIL - NEW!

SAR CALENDAR
 
Click on the calendar image below to see
the current SAR calendar showing dates and times
of classes, committees and events. 
The Question #2
 

 
 
NEW!
QUESTION #2



We're back with Question #2 in our continuing effort to improve your association:

Please prioritize the following by naming #1 as being most important to you and #7 as being least important to you.

There is a separate line for questions, comments, and thoughts.

One member will be drawn from survey participants to receive complimentary MLS fees for one quarter.

Ready?



This question will remain active until May 31st.

HUD Homes Sales Training Event 
 





NEXT WEEK!
Monday, May 21st



The U. S. Department of Housing and Urban Development (HUD) invites you to a free HUD homes sales training event on Monday, May 21st, at the SAR.

This local training will touch on the Good Neighbor Next Door program, new e-signature process, and financing as-is homes with FHA or conventional financing.

Afternoon snacks provided; drawing for a $100 VISA gift card!


See the event flyer with more information online here.




New Homesnap MLS App 



Marketing in Our Market Today 




Thursday, June 7th!

The Spokane-Eastern Washington Women's Council of REALTORS® invites all SAR members to attend its June program: Marketing in Our Market Today!



Download the event flyer for more information (pictured above), online here.


Member 2 Member  
 


 

THIS WEEKEND!
Saturday, May 19th


Windermere North shares word that it will be holding a Meals on Wheels Pet Food Drive on May 19th.




The event will raise awareness of this community need, as well as secure donations of pet food and cash to support the pet food needs of nearly 100 local seniors.

Download the event flyer (pictured above), online here.




SAR Golf Tournament


Spokane Mortgage Lenders Association invites all SAR members to participate in its 2018 Golf Tournament on Friday, June 22nd - this year, benefitiing CASA Partners.


See the event flyer (pictured above) for more information, online here.



Member Roster Update - April    
 


Updated APRIL 2018

Click here to view the latest Member Roster Update - approved by the Board of Directors.


Click here to view the latest list of MLS Subscription Waivers - approved by the Board of Directors.  


   
Send a message to Brenda at the SAR with any changes.  


Market Activity Report - APRIL 
         

Market Activity Reports  

NEW!

The SAR Market Activity Report for APRIL is now online.
   
 
See the latest full report - a member-exclusive product
- and archived full reports, online here .
 
 
 
   




See the APRIL 2018 Market Snapshot Report (pictured above) online here.





See the 2018 YEAR-TO-DATE Market Snapshot Report (pictured above), online here.



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2018 NAR New Member Orientation
2018 NAR New Member Orientation



 

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This weekly newsletter is a member benefit of the

SPOKANE ASSOCIATION OF REALTORS®
  1924 North Ash Street 
Spokane, Washington 99205
T: 509. 326.9222
F: 509. 324.8650

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