Lake Norman Real Estate Pro’s
Presented by: Todd Long, Broker-In-Charge, Coldwell Banker United, Realtors
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I’ve been think……..about the future National MLS and public sold data. |
| Posted by toddlong in I've been thinking... on 07 1st, 2009 |
It probably won’t be very long before Realtors are no longer the keeper and sole distribution point of the information regarding real estate data. Remember the old MLS Books! Now those were the days when agents had full control of ALL the data. As a matter of fact before that the Agent who had the listing was the only person that knew about the house being for sale because there was no book to publish to the other agents. Now fast forward to a few years from now: Client will have full access to all listings, pendings, and SOLD property data. The question is what will they do with that information with out knowledge of the market, real estate cycles, marketing, staging, negotiating and so on? Watch this video for my thoughts.
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NAR to fight HVCC |
| Posted by toddlong in Real Estate News on 07 1st, 2009 |
If you are practicing real estate right now you know that the appraisal process change passed in to law in May is not working! Appraisers working in areas they don’t know, inexperienced appraisers, unregulated appraisal management companies. NAR isn’t speaking out in public but is laying out a strategy to lobby Congress to fix this bill. Charles McMillan, President of NAR say this new system is causing hardships and delays for both buyers and sellers with “delays in closings and cancelled sales, which result in artificially low existing home sales.” Sound like one of your deals lately. I know the agents in my office have had very strange appraisal issues of late and there is very little that can be done to resolve an inaccurate appraisal. NAR is somewhat pointing the finger at HVCC for slower than expected home sales for the summer.
This should be interesting, NAR against or with Mortgage Lenders, Appraisers and Congress depending on how you look at the situation. Stay tuned.
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Mecklenburg Investors beware! |
| Posted by toddlong in Real Estate Investing on 07 1st, 2009 |
The Charlotte Regional Realtor® Association in coordination with the Real Estate and Building Industry Coalition (REBIC) are evaluating this proposed fee-based rental registration ordinance that is part of the rental property ordinance presented to the Charlotte City Council, Community Safety Committee.
With the registration, CMPD has suggested an annual fee per unit.
CMPD would use “calls for service” and crime per rental property to tally criminal activity, which could trigger a rental property owner to be required to comply with a Remedial Action Plan. Calls for service could include, but are not limited to: noise complaints by or against a renter, a false burglar alarm, a violent crime on the property, or a drug arrest. Rental property owners are not notified until a CMPD determined threshold has been crossed.
Require rental property owners to respond to a CMPD representative within 30 days of notification of crime. Rental property owners should inform CMPD of steps they have taken (if necessary) to ensure no further police action is needed. (i.e.: false alarm by burglar alarm unit fixed or tenant dealing drugs was evicted)
If CMPD’s notification is ignored, activate a Nuisance Response Team (NRT). NRT would:
Work to make direct contact with the rental property owner using existing resources (Tax records, Register of Deeds, Secretary of State’s website).
Analyze nature of problem.
Implement targeted solutions using the existing rules, ordinances, and laws and the proposed Remedial Action Plan Manual as a guide.
Through out this process, CRRA has made it very clear to CMPD and the Charlotte City Council, we are for targeting criminal activity and acting swiftly to eradicate crime in Charlotte. We believe the suggestions provided by CRRA and REBIC would more effectively target crime and criminals and keep rental property owners apprised of any criminal activity occurring on their property. The rental property ordinance will go before the Charlotte City Council in the next several months. We will seek your help to communicate the message of business owners who provide rental housing in our community.
Notifies rental property owners when criminal activity occurs.
Communications from CMPD may be used as a tool to evict tenants who are committing crime on rental property.
Cost dramatically less than a city-wide registration database.
Consistent with Charlotte City Council’s Focus Area Plan goal to target criminal activity.
Consistent with CMPD’s Strategic Plan for “enforcement strategies that target crime.”
Saves CMPD time and resources.
CRRA will be sending out a survey in the next several days. Please take the time to fill it out. You will also be notified of up coming meetings and changes to the ordinance. Thank you for your interest in the subject.
I personally think there should be no fee to the landlords who do not have tenant problems. I of course have a rental unit in Mecklenburg county and am sure there has never had a criminal call at that address. Landlords that don’t allow abuse of the system should not pay the penalty for those that do.
Todd Long
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A funny Twitter video |
| Posted by toddlong in Uncategorized on 06 28th, 2009 |
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Retro |
| Posted by toddlong in Uncategorized on 06 20th, 2009 |
If you just can’t get enough and want some of my Retro stuff then go ahead browse around.
