Illinois REALTORS® attending Inman Connect On the Road event in Rosemont

Illinois REALTORS® get a chance to chat with association staff members and sign up for member benefits at Inman Connect On the Road, held in Rosemont on Wednesday, May 25, 2016. The event features a number of speakers who are association members.

Illinois REALTORS® get a chance to chat with association staff members and sign up for member benefits at Inman Connect On the Road, held in Rosemont on Wednesday, May 25, 2016. The event features a number of speakers who are association members.

Chicago-area members of Illinois REALTORS® are hearing from some of the top names in the business at Inman Connect On the Road, an training event held in Rosemont on Wednesday.

Illinois REALTORS® Outreach Team member Gideon Blustein meets with XXXXX at the Inman Connect On the Road event in Chicago, on Wednesday, May 25, 2016.

Illinois REALTORS® Outreach Team member Gideon Blustein meets with Thomas Downing at the Inman Connect On the Road event in Chicago, on Wednesday, May 25, 2016.

Illinois REALTORS® and MRED have partnered to provide access to the their members to the Inman Connect news service, and representatives of both organizations are at the Donald Stephens Convention Center to meet attendees.

MRED is a Centennial Sponsor for the Illinois REALTORS® 100th anniversary celebration.

An estimated 1,700 people are attending the event, which was free for members who activated their Inman Select membership, which is a benefit provided through Illinois REALTORS® and MRED.

The event features a number of speakers and trainers who are Illinois REALTORS®, Included are:

  • Rebecca Jensen, CEO of MRED. 
  • REALTOR® Thaddeus Wong with @properties. 
  • REALTOR® Matt Laricy with Americorp Real Estate
  • REALTOR® Jennifer Ames of Coldwell Banker
  • REALTOR® Lisa Kon with Baird & Warner

The event lasts throughout the day, Wednesday.

Morning Minute: Sales of new homes in April hit 8-year high

Sales of new construction homes surged higher in April, climbing to the highest level since January 2008, according to Commerce Department data released today. Read “U.S. New-Home Sales Rise at Fastest Pace in Eight Years” by the Wall Street Journal while USA Today looks at what the uptick means for the market in,  “New-home sales exploded in April: What it means for buyers, sellers.”

In other headlines:

Baby Boomers Heading Back to the City – NAR Daily Real Estate News

Money Secrets Revealed: Buy a Home Like a Banker – realtor.com

 

Illinois REALTOR® lobbyists race to the legislative session’s finish line

Source: Bigstock

Source: Bigstock

The Illinois General Assembly is heading down the home stretch of the spring session, but Illinois REALTOR® lobbyists were hard at work to make sure last-minute legislation doesn’t hurt REALTORS® or their clients.

Topping the agenda was work on SB 2300, which had initially called for a prohibition on sale of single- or multi-family dwellings if there was found to be an issue with lead paint, even if the problem was in the process of being fixed.

Work with a state agencies and the bill’s backers appears to have made a difference, and you can find out all about it in today’s State Capitol Report. (Only for Illinois REALTORS® members).

Learn about this issue and others which relate to the Cook County Assessor’s Office and water authorities in the state. The bills are among the thousands of bills filed each legislative session that the Springfield lobbying team review to see if they would have an adverse effect on the real estate industry or private property rights.

 

Sponsored post: RPR can help sellers see the pricing light

Home prices

Flushing out what qualifies as an appreciable home improvement can be a sensitive issue. Homeowners who have put a lot of effort into converting the garage to a family room or the third bedroom to a new master closet may not want to hear that their “new addition” actually depreciates the home’s value.

RPROn the flip side, conscientious homeowners who put their improvement dollars to good use stand to recoup at least a portion of their investment, especially if they rely on a REALTOR® who uses RPR’s Refine Value Tool.

With up to 30 predefined home improvements to choose from, RPR’s Refine Value Tool accurately calculates the depreciated value of home improvements, from mid-range jobs to upscale additions and remodels. The tool also enables users to refine a home’s value by confirming/adjusting basic facts about the property, as well as other factors such as an assessment of local market conditions, the interior and exterior of the home’s condition, lot size, view, privacy and more.

Getting into what really happened to the house next door

Beyond what they find on the web, consumers form their expectations from personal experiences or what they hear from neighbors. “The house next door sold for more than you’re suggesting we sell for,” is well heard by listing agents. Short of arranging a tour of said house, REALTORS® can opt to pull up RPR’s app right there at the kitchen table.

Using a smartphone or tablet, the app’s GPS will automatically detect the phone’s whereabouts and display all of the homes in the area in either a list or map view. Discover all there is to know about the property, including:

  • Did the property sell for more or less than the list price?
  • Did the home have any distressed actions?
  • How long was the house on the market?
  • Were there price reductions?

As the photos and data speak for themselves, many agents will politely put the ball back into the seller’s court by asking, “Now that you’ve learned more about your neighbor’s property, how would you rate your home by comparison?” Doing so allows the homeowner to reevaluate her assumptions and move the needle that much closer to a mutually agreed upon list price.

Note: REALTORS Property Resource is a partner with Illinois REALTORS®. Learn more about this took for brokers at www.narrpr.com. 

Need a place to meet at ICSC RECon? NAR has you covered

Ace sleeve

Heading to ICSC RECon in Las Vegas next week?

The National Association of REALTORS® will have a presence at the conference staged by the International Council of Shopping Centers beginning Sunday at the Las Vegas Convention Center.

And if you need a place to discuss a business deal or meet contacts, NAR has free meeting space at its booth.

NAR’s booth is at N2668, and you can schedule time to use the space on May 23-25. Space is available in 30-minute blocks. Book a space by emailing NARCommercial@REALTORS.org, or stop by during the event.