WRAR's Broker Briefing - Weekly Email Newsletter

 TOP NEWS - MONDAY, APRIL 29, 2013

When analyzing six major zip codes in our region - 28403, 28405, 28409, 28411, 28412 and 28451 - an average of the zip codes for the first quarter of 2013 shows that:
  • Our average sales price has increased by 7.0% from 1st  Quarter 2012
  • Of the 713 sellers in 1st Quarter - 26.9% paid some sort of concession toward the purchase of the house.
  • Our list to sales price ratio for 1st Quarter is 96.55%, an increase from 95.6% for 1st Quarter 2012.
  • The average list price of the sold properties is $234,489 and is up 6% from 1st Quarter 2012.
  • The average number of days a property remained on the market for 1st Quarter was 126 days, compared to 169 days for 1st Quarter 2012.
  • The median sold price of $176,500 for 1st Quarter has increased 3.8% from 1st Quarter 2012.
Click link above to read full report with chart.

 LOCAL & STATE

Study: Local Economy to Grow, But Slowly

N.C.'s Economic Outlook Improving But Risks Remain

NCAR Award Nominations Due Next Monday at 12PM
NCAR takes great pride in honoring the best in the real estate industry each fall at its Annual Convention. Below is a list of the NCAR Awards:
  • REALTOR® of the Year Award
  • Ben Ball Community Service Award
  • REALTOR® Hall of Fame Award
  • REALTOR® Regional Service Award
  • Rising Star Award
North Carolina Association of REALTORS® Awards

To learn about each of these Awards and how you can submit your nominations, please go to www.wrar.com/ncarawards. Deadline for all submissions is Monday, May 6, 2013 at 12PM.

Click the link above to download an application and APPLY TODAY to serve on the 2014 WRAR Board of Directors. Once on this page, the application links for Director Positions and Vice President are listed 4th and 5th on this page respectively. All REALTOR® members are encouraged to apply. Deadline for the submission: May 7 at 12 noon.

 UPCOMING EVENTS 

WEBINAR: National Flood Insurance - April 30 at 10AM
Tomorrow's webinar will describe possible changes to the program that may impact your customers. If you service an inland area and think this doesn't apply to you, think again! Non-coastal regions prone to flooding are likely to see rate increases under the reauthorization of NFIP. The NFIP has been a priority for our NCAR members to discuss with their members of Congress during NAR Mid-year meetings. Click the link above to register and access the webinar.

In addition, NAR has created a survey in an effort to identify the cause of flood insurance rate concerns. Please take a few minutes to complete the survey - Take Survey Now.

I Wanna Bee - A Good Neighbor 2013I Wanna Bee...
A Good Neighbor
Hosted by WRAR Partners for
Affordable Homeownership & the
Young Professionals Network


Volunteer with PAH, YPN and
the Wilmington Area Rebuilding
Ministry (WARM) to helpfamilies in Wilmington with homes in need of repairs. All skill levels are encouraged and welcomed!

Wednesday-Friday, May 15, 16, 17, 2013
8am-12pm or 11:30am-3:30pm (Each Day)
Questions? Like to Make a Donation or Sponsor this Event?
Contact Sarah Mebane at 910.815.2835
Like us on Facebook Like this Event on Facebook

Calling All Property Managers!
Join the WRAR Property Management Council at their next meeting on May 15 at 9AM in the WRAR Classroom at 1826 Sir Tyler Dr. Come meet your peers and discuss problems and find solutions - you're are not alone. Register to attend this meeting here. Contact Lois at Lois@WRAR.com or Chair David Dougherty at David@DavidDoughertyHomes.Com.

Young Professionals Network of WRAR Spring YPN Mixer
Come relax, network, enjoy drinks & hors d' oeuvres and have some fun with friends and colleagues at the Young Professionals Network Mixer. Did we mention FREE pool? RSVP via the registration link below by May 21st at 5PM. Complimentary for WRAR Members and their guests.

Thursday, May 23rd - 6:00PM to 8:00PM
Fox and Hound @ Mayfaire

 GOVERNMENTAL AFFAIRS

REALTORS® Urge Preserving Homeownership Tax Policies

Information Released on Flood Program Changes
On March 29, FEMA released information on changes to the policies and rates of the National Flood Insurance Program. Highlights of the changes, required under the Biggert-Waters Flood Insurance Reform Bill that passed in 2012, include revised premium rates, a new Reserve Fund assessment, updated rates for non-primary residences, exclusion of certain properties from receiving subsidized premium rates and no extensions of subsidy to new policies or lapsed policies. NAR has been meeting with FEMA to express our concerns regarding the impact these new rates and premiums will have on property owners and property transactions.
> View the Changes Announced by FEMA

NCAR Government Affairs Update 04/26/13

Call for Action:
Preserve Homeowner Rights on Design & Aesthetic Control
> For more Gov Affairs news, info & events, please Click Here.  

 MLS TRAINING VIDEO: The Menu Bar    

See how easy it is to access every feature in the MLS. Click image below to watch & learn.

MLS TRAINING VIDEO - The Menu Bar
 NAR's MVP PROGRAM
NAR's MVP Member Offer  
April 16th MVP Member Offer

YOUR ACTION:
Register for NAR's Midyear Trade Expo

YOUR REWARD:

Free 2013 Profile of Buyers' Home Feature Preferences - Download

Like us on Facebook  Follow us on Twitter  View our photos on flickr  Visit our blog  View our videos on YouTube 

CONT. EDUCATION

DESIGNATION COURSES

GOV AFFAIRS

UPCOMING EVENTS

COMMITTEE MEETINGS

LUNCHEONS

CHARITY & COMMUNITY

THOUGHTS & PRAYERS

WRAR STAFF

BROKER BREEZE BLOG

Open House Realtor Store Deals Extended!

 NATIONAL

March Existing-Home Sales Slip Due to Limited Inventory, Prices Maintain Uptrend

Barclays: Home Prices to Rise 10% This Year

Tight Housing Supplies Plague Spring Market

New-Home Sales Show 'Resilience'

Foreclosure Crisis Melting Away?

Data Shows Mortgage Credit Easing, Others Not so Sure

WIN $10,000 for Your Community Project!
Do you know someone who is deserving of REALTOR® Magazine's Good Neighbor Award? NAR wants to hear from you! Follow the link above, then fax 910-762-9860 or email lois@wrar.com a copy of your entry form. Deadline: May 20, 2013, 6:00PM EDT. If you have any questions about this award, contact Sara Geimer at sgeimer@realtors.org or (312) 329-8296.

 2013 SAVE THE DATES 

Legal Seminar - June 17
Hosted by WRAR Professional Development Committee


Annual Meeting and Election
- September 5

 

Holiday Meeting and Awards Luncheon - December 4

 

BIZ & TECH TIPS

BEST PRACTICES 
Short Sales for the
Buyers Agent  
You should have a substantive discussion with the buyer to:
a. Ascertain whether they want to purchase a property subject to a short sale.  
Best Practices Manual

 

OFFICE SAFETY

Make sure all deadbolt locks are unlocked to facilitate a faster escape.

More Safety Tips   

 

RPR  
There are several mapping enhancements available in RPR. Some of these enhancements include Geographic boundaries, search area drawing, flood zone data, year built overlay, and drive time or distance. Read More

TECHNOLOGY

If you frequently use a program when you sign on to your computer, it may be helpful to have that program automatically load at startup. Refer to this handy guide to allow a program to start with your computer.

SUPRA

Never put key rings inside the KeyBox Container. This will cause the Key container to jam and you will be unable to retrieve the key.

NCAR PARTNER
AT&T Wireless  
AT&T is offering exclusive discounts to members of the NC REALTORS®! 10% Discount off monthly access charges, Handset and Accessory Discount in AT&T COR locations. Learn More
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