Let's cover listing description and please bring any topic of interest.. Thanks, BGW
and preparing offers for two or more buyer clients (to be presented at same time) the rules have changed. You will now be required to inform all buyers that you are preparing offers for (at the same time) that you are representing more than one buyer on the sale of the property. This is a somewhat complex topic and it gets a little deeper when it is your listing so I will discuss at next office meeting and happy to speak with any of you who want more information or since it is fairly uncommon you can touch base with me if the situation arises. I wanted to bring this up since in the past the instructions were different. Thank you.
The Consumer Financial Protection Bureau seeks to delay until Oct. 1. Click HERE for article.. Thank you.
I have created an additional page on this website called TILA-RESPA. You can see it to your right above. It has links to information on all of the upcoming changes. Cheryl Repko shared the information from CFPB. Thank you.
It seems after some additional taunting the MLS went live with 1,500 characters yesterday. I am happy they opened their minds to doing this. It will not always be needed but will be nice having the ability when it is. Hoping they will be able to workout the issues surrounding degradation of our photos next. Onward & upward..
Rarely do I read our industry publications but I found this article in Rismedia about listing descriptions. It speaks of what I preach about the importance of a well written description. Please click HERE Thanks!
I have met with Bill Craighead of Cleveland Home Title and Chris Hartzell of Union Capital Mortgage about above. It seems to me that your middle to large local mortgage cos. with their own in house escrow will be the ones (at least initially) to handle the ripples of the new 3 day rules. I only mention this as they will have the least links in the chain and therefore the least resistance when navigating these new waters. Again, the advice I continue to receive and pass along to you is leave more time in transaction. A minimum of an extra 10 days is suggested. Thank you.
On Wednesdays Barb will be requesting documents missing from our files. We now have updated checklists and I have taken time with Barb & Linda to explain some of the ins and outs so that we don't burden you with unnecessary requests. There may be a bump or bruise so please hang in there while we get this part sorted out. We want to try our best to have complete files by the time we file or a listing go lives. The biggest challenges are with warranty waivers and consumer guides on sale side transactions. In August we will be renewing our E & O so I am hopeful we can get all on board with getting the waivers in when a warranty is not provided. Your cooperation is sincerely appreciated. Thank you.
Dianna of our office has been having some success with just listed/just sold postcard campaigning in turning up new listings. If you are interested in pursuing this please click HERE for the company she uses. They do it all.
Click HERE to learn a quick way to generate a report of all of your sales in the MLS for your listing appointments.
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