What Did I Miss? 7-23-13

Showings in Clay and Platte County continue to be on the rise following the 4th of July holiday.

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 What’s happening at BHG KC?

Second Issue of Distinctive Collection Digital Magazine Launches – The second issue of the Distinctive Collection digital magazine, featuring homes priced at $600K or more, is now available.  Click here to see the Distinctive Collection magazine.  We are posting a link on kchagent.com for you to share or you can send your clients to the homepage of kansascityhomes.com (click on “Looking for a Luxury Home” on the left hand side of the page).  Any questions, please contact Josh Baldwin at ext. 8571

 

 

Reminder: Greenhouse Training is Thursday – BHG will host a webinar on Thursday, 7/25 from 9-10am to show you how to 1) create flyers and 2) do PinPoint marketing.  Webinar logon details will be shared with each broker once we have them.    

 RSVP Needed: The Recognition Club Trip Party - If you’ve qualified for the Recognition Club Trip in November, you are invited to a kick-off party on Thursday, July 25 from 5-7pm at the Corporate Office (Large Conference Room).  Invitations were passed out during last week’s sales meetings.  Please RSVP to your office’s administrative assistant no later than Tuesday, July 23.     

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What’s happening in the real estate industry?

Effective July 1, 2013 all roofers must be licensed in the State of Kansas.

Tax reform! Here is some basic info about the “clean slate” approach.

Missouri REALTORS® are excited for the “Be the Better Half Brokers Challenge” to kick off!  Together we can make RPAC stronger than ever, insuring your profession is protected from negative legislation.  Our success on Capitol Hill takes funding, so we ask that you take the challenge of getting 51% of your agents to invest $15 or more in RPAC.

  • A pledge website has been created to make donating easy at www2.realtoractioncenter.com/bethebetterhalf.
  • A RPAC enthusiast is available to come to your office and give a short presentation on the campaign and the importance of RPAC. During this visit, agents will receive an RPAC gift and have the opportunity to invest right then and there.  As an incentive to attend the meeting, one lucky agent will win a $30 Best Buy gift card.

Thanks to those that have already donated:

Aundre Gray 76.00$
Jacqueline Coldren 30.00$
David Ayers 25.00$
Benjamin Carter 25.00$
Mary Alice Dobberstine 25.00$
Audra Heller 25.00$
Christopher Powell 25.00$
Charles Rhoades 25.00$
Marilyn Rhoades 25.00$
Lawrence Stanley 25.00$
Joanna Williams 25.00

 

If you would like to donate and have fun at the same time please consider this YPN event on August 8th. This event is fun for all ages!

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What’s happening at KCRAR/MLS?

  • ·  July 26 – KCRAR Roadshow Series Workshop: The How of “Wow”
  • ·  July 26-28 – Ride for the American Dream
  • ·  Aug. 8 – YPN Event at the Alamo Drafthouse
  • ·  Aug. 14 – The SUMMIT – Special Event for Members of MAR
  • ·  Aug. 15 – KCRAR Lakeside Barbecue at Longview Lake
  • ·  Aug. 26 – YPN-KC: Speed Networking Lunch
  • ·  Sept. 12 – Real Estate Trends Update With Steve Murray
  • ·  Oct. 18 – REALTOR® Night at Sporting KC 

 

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MAR September Business Conference is in KC the 18th-20th! Check out the schedule at http://www.thelanding.net/sbc/Home. If you have been curious about what goes on at MAR events this is a perfect opportunity to check it out!

Changes Coming to the Use of HMLS Property Waiver Forms HMLS has a new Property Waiver form for you to use with your customers, when needed.   The new form will be required after September 1st; however, we encourage you to begin using it immediately.  Click Here for the new form. Broker signatures will be required on the new form.  Also, no “to be determined” dates will be allowed. Fines will be assessed for late submission of waivers to HMLS beginning September 23rd. Other changes regarding the use of this form and the effective dates for these changes may be found here or in a news item titled “New HMLS Property Wavier Policies September 2013” under Heartland Forms & Documents.  Please take the time to review these policies and changes.  Thank you!

From dotloop: Beginning August 1st you will not be able to create new loops in the old dotloop but you will be able to work with and complete any existing loops. On September 2nd dotloop will transfer over the loops from the old dotloop into the new dotloop and, at that point, users will be solely in the new dotloop.  When we transfer the loops into the new dotloop the interactive documents from the old dotloop will be converted to pdf documents.

From HMLS: The link to dotloop from the Home page of Matrix will be switched to the new system on the evening of July 30th.  You will still have the option to switch back to the old dotloop by clicking on the person icon in the upper right of the screen and choosing “back to old dotloop” to complete any existing loops until September 2nd.  Click Here for more instructions on how to move between the old and new.

David Cooper ( along with two others ) were presented the Emeritus Award…Congratulations !!

 

Midyear numbers

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What do these agents have in common?

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How about a hand for these up & coming agents!

Your hard work, dedication and drive are starting to pay off. Be sure to stay engaged and make the contacts!

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Estimated Proceeds:

 

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If you are routinely working with a couple of lenders it would be good to know their basic costs as provided in their GFE. We know that there are several things that can change the upfront closing costs of a buyer. Here are a couple general rules of thumb to give you a starting point.

Taxes: If you just need to guess an amount to base taxes on you can multiply the sales price by 1.5 -1.75 % to get you in the ball park. Taxes will differ from county to county and school district to school district.

Homeowners Insurance: If you need to guess an amount to base insurance on multiply the sales price by .6%- .9% (unless the property is located in a flood plain). There are several factors that come into place like the age of the HVAC, the location of the home as well as many more.

I would recommend estimating on the high side so the Buyer and or Seller will be pleasantly surprised!

 

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Figuring Interest Prorations

Balance of the loan x the interest rate= Annual Interest

Annual Interest ÷ 360 days= Interest per day

Interest per day x days from the 1st of the month until closing= Interest owed by the seller at closing

If the Sellers loan is an FHA Loan than they will pay a full month of interest.

 

Check out our new listings .

 

 

 

 

 

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