Fellow Colleagues:
It’s that time of year where your input is needed. As many of you know this year I have the privilege of serving you as NAR’s Vice Chairman of the Risk Management Committee. Once again, from a risk management perspective, tell me what you think are some of the emerging trends or issues that will impact the real estate business over the next year or so.
All of us are cognizant of the dominate role short sales continue to have in our market place and the work that still has to be done to improve the conditions when handling this high risk transaction with all parties. We know that competency when handling REO properties, from both a listing agent and buyer’s agent perspective, is under scrutiny and is starting to take center stage. In many instances we are not fully aware of unintended consequences and possible negative ramifications.
In addition to the two major issues identified above what in your view are some other emerging trends? For example:
• Some fellow REALTORS® across the nation have experienced a serious condition resulting from imported dry wall containing toxic and potentially dangerous materials being used in remodeling and new construction.
• Others have reported that Lenders are declining to provide LBP disclosures on properties acquired through foreclosure.
• Many have seen an increase in mold in FHA foreclosed properties and the inability to obtain financing through FHA programs.
Arizona REALTORS® have always pioneered when it comes to foreseeing potential challenges and how they can be remedied. Here is your opportunity to maintain our leadership role. As soon as is practicable let me know what’s happening in your “neck of the woods.” Send your responses to jjt@GoTucson.com Thanks in advance for your input.
Related posts:
© 2009