Area Home Prices Continue Rise
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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.
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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:
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Misuse of Form 22AD Part #6
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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:
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Waiving Inspection Contingencies Part #5 |
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:
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The Risks of Not Including Financing Contingency when Buyer is Reliant Upon Financing
Part #4
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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:
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Brokers Writing Unrealistic Closing Dates on Buyers' Offers
Part #3
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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:
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Winning the Offer Battle without Loosing the War
Part #2
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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:
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Winning the Offer Battle without Losing the War Part #1
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Lunch & Learn: Manufactured Homes
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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.
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Lunch & Learn: Speaking "Investor"
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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.
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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 .
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What Else Do We Need - PSA Addenda
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NEXT WEEK!
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The Truth about Negotiating
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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
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Code of Ethics - Standards for Success
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NEXT WEEK!
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Code of Ethics - Standards for Success
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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
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
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SAR CALENDAR
Click on the calendar image below to see
the current SAR calendar showing dates and times
of classes, committees and events.
Other regional calendars:
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The Question #2
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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.
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HUD Homes Sales Training Event
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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.
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Marketing in Our Market Today
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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.
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Member 2 Member
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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.
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.
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Member Roster Update - April
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Click here to view the latest list of
MLS Subscription Waivers - approved by the Board of Directors.
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Market Activity Report - APRIL
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NEW!
The SAR Market Activity Report for
APRIL
is now online.
See the latest full report -
a member-exclusive product
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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Presented by your Spokane Association of REALTORS®
See what's NEW at
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Quick Information
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Tech Helpline: 866-610-8939
Legal Hotline: 800-562-6027
Washington State Legislature Hotline: 800-562-6000
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2018 NAR New Member Orientation
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2018 SAR Leadership
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Ken Sax
2018 SAR President
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Keller Williams Realty 879-1636
SECRETARY:
Kestell Company
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