PAR Releases New Commercial Property Management Form
A new PAR Commercial Property Management Agreement (Form CPMA) became available to members on July 1.
Read More
Reports of Scam Targeting Real Estate Licensees
Several counties are reporting a scam that specifically targets real estate licensees, claiming they risk losing their real estate license if they don’t pay a fine.
Read More
Homebuyers Hoping to Stay in Same State, Just Less Populated Areas
The report found that net migration to the suburbs increased 14% in 2020, while metropolitan areas saw a 3% drop.
Read More
Vacation Homes Sales See Strong Uptick in Sales
“So, with prices up, it’s a great time to sell. But with considerable amounts of new inventory hitting the market on a daily basis, buyers are benefitting from more choices as well. It’s a win-win for buyers and sellers alike given the perfect storm of our proximity to metropolitan areas, historically low-interest rates, continually changing inventory and rising, yet affordable, prices,” said Will Clauss, a Realtor® in Hawley.
Read MoreSubscribe To JustListed Daily Emails
Sold Above Listing Price? It Happened to Me, Said 49% of Sellers
Eighty-two percent of recent sellers received at least what they listed their home for, if not more.
Read More
Your Appraisal Woes… Solved?
PAR already has an Appraisal Contingency Addendum to the Agreement of Sale (Form ACA), which allows a buyer to terminate the agreement if the appraisal doesn’t hit a specified value. But member feedback indicates that parties are often trying to write in stronger language to keep buyers in the deal. This new revision addresses that issue by expanding the form with a second buyer option.
Read More
CDC Eviction Moratorium Extended Until July 31
No substantive changes to the eviction moratorium were made with this latest extension. However, the CDC also announced that this latest extension “is currently intended to be a final” extension and the “CDC does not plan to extend the order further.”
Read More
LGBTQ+ Buyers More Likely to Be Younger, First-Time Buyers
Forty-two percent of LGBTQ+ buyers were first-time, compared to 32% of non-LGBTQ+ buyers, while 37% of LGBTQ+ sellers were first-time, vs. 33% of non-LGBTQ+ sellers.
Read More
Housing and Civil Rights Leaders Announce a National Initiative to Increase Black Homeownership
According to the Urban Institute, the Black homeownership rate in the U.S. currently stands at 42.3%. The national homeownership rate is 64.1%, while the rate for whites stands at 72.2%. Left unaddressed, the Black homeownership rate will fall even further by 2040, Urban Institute projects.
Read More
Best of the Legal Hotline: Frequently Asked Questions on Four Standard Forms
PAR’s Legal Hotline attorneys held a webinar yesterday discussing frequently asked questions on standard forms, specifically, Seller’s Property Disclosure, Appraisal Contingency Addendum, Price Escalation Addendum and COVID-19 Property Access Notice.
Read More