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Sellers May Want to Act Before Possible Tax Hike

Some home sellers would need a sale contract inked before the end of 2017 in order to avoid a big tax bill that would be imposed if the GOP tax reform proposals become law. Both the House and Senate bills would require sellers to have lived in their residence for a longer period of time before qualifying for the capital ... Read More »

Tax Reform: There’s Still Time to be Heard

The U.S. Senate, by a vote of 51-49, has passed legislation that would change the face of homeownership in this country for decades to come. The House passed its own version of tax reform Nov. 16. A last-minute change to the Senate version would make up to $10,000 in property taxes deductible for the small number of homeowners who would ... Read More »

House Passes 5-Year Flood Insurance Extension

The House has passed legislation to reform and reauthorize the National Flood Insurance Program for five years. But because the bill—which is backed by the National Association of REALTORS®—still needs Senate approval, it’s unclear whether the long-sought five-year extension will be passed before Dec. 8, when the NFIP is set to expire. “We’re hopeful the Senate will now step up ... Read More »

Urge Your Clients to Take Action on Tax Reform

More than 140,000 REALTORS® have already taken action on NAR’s Tax Reform Call for Action. In an unprecedented move, NAR is using its Consumer Advocacy Outreach Program to urge 8 million consumers to join us in the fight. We need all hands on deck to tell Congress to reform our tax code AND protect hardworking homeowners. NAR is opposed to ... Read More »

5 Trends the Housing Market Will Regret

Home buyers say tight inventory and rising home prices are causing several negative trends in the housing market. According to ValueInsured’s latest Modern Homebuyer Survey, a quarterly report based on more than 1,000 responses, buyers say the following trends will leave the housing market in a weaker position: The “no inspection” trend: 58 percent  The “offer sight unseen” trend: 57 percent  The ... Read More »

NAR: GOP’s Tax Plan ‘Attacks Homeownership’

The recently released GOP tax reform plan would decrease corporate tax rates by 43 percent while raising taxes on millions of middle-class homeowners. “This plan attacks homeownership and sticks future generations with a $1.5 trillion price tag,” National Association of REALTORS® 2017 President William E. Brown says. The bill, called the “Tax Cuts and Jobs Act,” would lower some tax ... Read More »

The Direction Your Business is Headed

The education sessions are the bread and butter of the REALTORS® Conference & Expo, and this year in Chicago, attendees gained a wealth of knowledge about elevating the customer experience, building relationships across cultural divides, and creating compelling content through evolving marketing channels. If you couldn’t be at the conference, don’t worry. We’ve got the best tips and advice to ... Read More »

It’s Time to Winter-Proof Your Home

Cleaning the rain gutter during autumn

Homeowners who neglect routine maintenance heading into the colder months may find themselves faced with an expensive repair bill. For example, forgetting to clean the gutters could cause ice to build up and damage your roof. Windows and doors not properly sealed could cause your heating bills to surge. Read more: Help Clients Prepare for Weather Challenges The New York Times ... Read More »

Why Doubling the Standard Deduction Won’t Help Most Homeowners

One of the most talked-about provisions in the tax reform framework that the Trump Administration and Republican congressional leadership released a few weeks ago is the doubling of the standard deduction. Of all the changes the framework would make, this one is presented as something that will help middle-income households. And that is true, but the households that it mainly ... Read More »

Lawmakers Target Seller-Financed Homes

Seller-financed deals are increasingly coming under scrutiny. The Consumer Financial Protection Bureau is investigating some larger investors using seller financing in real estate deals, accusing some investors of abusing the practice by evicting buyers for missing just a single payment or selling homes at the end of the agreements that are in complete disrepair. Learn more: NAR’s Seller Financing Resource ... Read More »

Consumers Say This is the Ideal Down Payment

More than half of Americans say they would prefer to put 10 percent down on a home purchase rather than 15 percent, 20 percent, or 30 percent, according to mortgage banker American Financing’s 2017 Mortgages in America Survey. The 10 percent down payment option was the lowest among the choices respondents were given in the survey. It also was the ... Read More »

5 Fall Maintenance Tips to Share with Clients

The changing of the season brings several household tasks your clients should perform to keep their home safe as colder temperatures approach. Realtor.com® recently featured several chores to do for fall and winter preparation. Clean the dryer vents. Excess lint in a dryer can pose a fire risk. “A key indicator of a dryer vent needing to be cleaned is ... Read More »

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