Owning a Home Website: Beginning October 3, 2015 the closing process will change nationwide. The Consumer Financial Protection Bureau has set up a consumer website www.consumerfinance.gov/owning-a-home to help buyers "know before they owe". The Truth in Lending Act (TRID) will merge several forms into two new closing forms: a Loan Estimate and a Closing Disclosure. The Owning a Home website includes tools for consumers such as tools to explore interest rates, a monthly payment worksheet, a loan estimate explainer, a closing checklist, a guide to closing forms and much more.
"We're here to help you with buying and financing your home. Learn what to expect and what questions to ask, and get tools and resources to help you make decisions." CFPB
Every Month is REALTOR® Safety Month
REALTOR® Party Mobile Alerts: Text REALTORS to 30644 to sign up! http://bit.ly/1Kr9CLD
(June 2015) The SCRMLS has created two new surveys for your clients. These voluntary surveys will allow the Association to capture data that will help us meet several of our strategic goals. Please print them out and put in your listing and closing packets. They can be completed manually with the surveys coming back to Kim, or online at survey monkey. Thank you!
Buyers Returning to Homeownership After Facing Foreclosure
(May 2005- Silver City) "In spite of the difficulties and hardships they faced, these return buyers still aspire to homeownership," said Sylvia Mikes, Interim President of the Silver City Regional Association of Realtors. "In addition to its many social benefits - such as fostering strong communities- the benefits of owning a home are still obvious to these return buyers. They still see homeownership as one of the best ways to build equity over the long term." READ MORE HERE!
Fair Housing Month Proclamation: The Grant County Commissioners declared April as Fair Housing Month. April 11, 2015 marks the 47th anniversary of the passage of the U.S.Housing Law, Title VIII of the Civil Rights Act of 1968.
(Pictured are L to R. Commissioner Ramos, REALTOR® Linda Pecotte, Association Executive Kim Clark, Commission Chair Kasten, REALTOR® Pat Fell, Commissioner Hall, REALTOR® Cissy McAndrew)
Strategic Planning: The AOR and MLS Boards recently met in a work session with Donna Reynolds to set their 3-year strategic plan.
(Pictured are the Association and MLS Boards of Directors along with Association Executive Kim Clark and Strategic Planner Donna Reynolds)
2014 Year-End Statistics for SCRAR and the MLS: December Month End Report - 2014 by Quarter - Sold Market Analysis Year-End Totals - 2014 Firm Ranking - 2014 Broker Ranking.
Congratulations to Robin Thomas, Associate Broker at Prudential Silver City Properties for being awarded the 2014 REALTOR® of the Year award by her peers. She has served in all positions on the Silver City Regional Association of REALTORS® Multiple Listing Service Board of Directors. Robin's passion is to serve her clients and customers in the Mimbres, Silver City and surrounding areas.
Also, recognized were Mischa Larish of One Stop Realty - Southwest as the Rookie of the Year and Mike Rowse - Farm Bureau Financial Services as the Affiliate of the Year.
Housing Expectations for 2015.
The information in this infographic comes from a video of NAR Chief Economist Lawrence Yun talking about his 2015 housing market expectations. He expects existing-home sales to rise about 7 percent in 2015 behind a strengthening economy, solid job gains and a healthy increase in home prices.
About the New Mexico Real Estate Commission.
The New Mexico Real Estate Commission was created by state law in 1959 and charged with enforcing the Real Estate License Law and the Real Estate Commission Rules. The mission of the New Mexico Real Estate Commission is to protect the public and enhance the professional competence of real estate brokers. The Commission's primary responsibilities include issuing and renewing real estate broker's licenses, establishment and enforcement of pre and continuing education requirements, certification of providers of education, investigation and adjudication of consumer and Commission rules and education of consumers and brokers about the NM Real Estate License Law. Click here to read the NMREC frequently asked questions document. - NM License Law and Commission Rules.