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Wednesday, July 9, 2014

Antitrust laws are designed to protect consumers and ensure competition, and they are easier to violate than you might expect.

This WorkSmart Kit explains the basics of what you can and cannot say when speaking with your competitors — even other Realtors who are your friends and colleagues.

It includes a broker's guide and a poster for your office bulletin board.

Wednesday, July 2, 2014

Capture-000007The Washington Post gave us some nice coverage about First-time Homebuyer Savings Plans in Dion Haynes’s “Virginia establishes savings plan for first-time home buyers“:

Wednesday, July 2, 2014

Today we’re rolling out four new standard forms and nine revised forms. You’ll want to check them out immediately — so click here to go to our new-forms page.

And beginning today, VAR will update its forms library twice a year: every January 1 and July 1. This makes forms updates more predictable (and it’s how other associations across the country do it).

Each update will include the new forms themselves (obviously) as well as a document describing and highlighting the revisions — and it will all be at VARealtor.com/newforms.

What are you waiting for? Get those new forms ASAP!

Wednesday, July 2, 2014

Today’s the day: July 1. That’s when most new laws take effect in Virginia, and this year includes several that VAR fought for to improve the real estate climate in the commonwealth (not to mention help the rights of property owners).

From important changes to the Landlord-Tenant Act to protecting you from being unjustly labeled a criminal, our Policy and Advocacy Team worked hard and scored big this year. (The biggest news, of course, was the launch of First-time Homebuyer Savings Plans.)

Click here to see what the new laws are and learn how they affect you.

Wednesday, July 2, 2014

Starting today, July 1, 2014, Virginians can create First-time Homebuyer Savings Plans, where they can put money to use for the closing costs on their (or someone else’s) first home and keep it free of Virginia taxes.

Click here to read all about FHSPs — and be sure to tell your clients!

Monday, June 30, 2014

Let’s talk about inventory — rather, the lack of it. Granted it’s more of a problem in some areas than in others, but not having enough ‘product’ to sell is becoming more and more of an issue, and it’s acting as a brake on the entire housing market.

According to NAR figures, May saw housing inventory with a 5.1-month supply. (Anything below a 6-month supply is considered a seller’s market.) Nationwide, inventory was down about 10 percent.

Why are there fewer houses to sell? A number of reasons.

Monday, June 30, 2014

Joe Funkhouser 2013Ferebee_Sandee2Congratulations to Realtors Sandee Ferebee of Norfolk and Joe Funkhouser of Harrisonburg. Both were reappointed to their positions on the Virginia Real Estate Board by Governor Terry McAuliffe.

Thursday, June 26, 2014
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View the complete May 2014 Virginia Home Sales Report

Virginia’s housing market performance in May suggests that market participants (builders, buyers, and sellers) are feeling risk averse.

Thursday, June 26, 2014

Thursday, June 26, 2014