DMAR Digest | Week of November 14
Must read
WEDNESDAY | YPN Presents: What to Expect When You're Inspecting
The home inspection is an absolutely critical step of the home buying and selling process but also the one most agents worry over the most. As an agent, you should be well informed so you can best inform your clients. Join Andrew Sams, NACHI Certified Master Inspector and Owner of Alpine Building Performance, and learn how to better understand - and therefore better navigate - some of the most common and impactful home inspection findings.
We'll talk about:
- Why certain findings are an issue.
- Solutions or fixes for common inspection findings.
- How to speak intelligently with your client about inspection findings.
- The best person(s) to fix common items and roughly how much those repairs cost.
- Setting proper client expectations around the inspection.
- How to best communicate with your inspector so you look like the champion in front of your client.
- Educational resources you can use to help navigate inspection issues.
- Colorado-specific inspection issues.
Skim this
SentriKey® Real Estate Website and App Security Update
Last month we notified all customers about the security question feature that was implemented. We also sent this notification out to users to make sure they established their security questions and verified their phone numbers. The grace period to initiate the security questions is Tuesday, November 15th. After the 15th, if users have not initiated the security questions, they will not be able to access the SentriKey® Real Estate website or app. Read More
11 Takeaways From the 2022 Profile of Home Buyers and Sellers
Picking up the 2022 Profile of Home Buyers and Sellers can be a daunting task. There are 142 pages of content, and many charts span the 41-year history of the data set. This post helps you wade through some of the more striking changes. Here are a couple of things to note as you dive in. Read More
NAR: Slowdown in Home Prices Ahead Despite Q3 Growth
Home prices continued to climb in the third quarter of this year, but the upward trend may finally be coming to an end, according to the National Association of Realtors®’ latest quarterly report. Higher mortgage rates are starting to weigh on home price growth, though practically every major metro saw home prices rise in the third quarter. Forty-six percent of the 185 markets that NAR tracks even registered double-digit increases. Read More
Buyers Moving Farther Than Ever in Search of Affordability
House hunters have been expanding the scope of their home search over the past year, moving a median of 50 miles away from their previous property—a record distance, according to the National Association of Realtors®’ 2022 Profile of Home Buyers and Sellers. The historical average is about 15 miles. Read More
Top Claim Against Agents: Failure to Disclose
“Failure to properly disclose can lead to misrepresentation claims, ranging from fraud to negligence and, in some states, innocent misrepresentation,” Deanne Rymarowicz, associate counsel at the National Association of Realtors®, warns in the latest “Window to the Law” video. She cites a court case in which an agent was ordered to pay $170,000 after being found to have shown a “reckless disregard for the truth” by not disclosing a listing’s prior water damage. Read More
'Many Prospective Buyers Are Waiting for the Volatility in Mortgage Rates To Subside': Mortgage Rates Hit 7.08%, Freddie Mac Says
The housing sector continues to face headwinds. The 30-year fixed-rate mortgage averaged 7.08% as of Nov. 10, according to data released by Freddie Mac on Thursday. The 30-year was last at this level in mid-2002. Read More
Resources & services
24 Days of Membership Giveaway Rules
To show our appreciation for our members, and the countless programs and initiatives you’ve helped to create, we welcome the return of our annual 24 Days of Membership! Every day from November 1 through November 24, we'll highlight an aspect of the Association that we’re thankful for on our Facebook and Instagram pages. At the end of each week, we will be giving out prizes to those who participate, including reimbursement of local dues. Read Rules
City and County Market Trends Reports | NOV. '22
Quick look at City and County Market Trends Reports featuring October data. These 48 downloadable reports are comprehensive and a fantastic member benefit. Download all the reports with one click below. Read More
DMAR Real Estate Market Trends Report | NOV. '22
As the Denver market normalizes, active inventory declined slightly to 7,290 homes on the market at month’s end. However, this is an increase of 115.94 percent year-over-year. While this number reads as a jump, the current inventory is still less than the pre-pandemic inventory numbers of 8,557 active listings in October 2019. Read More
11.17 | Google: SEO, SEM & How Content Earns Business
Ever wonder why portals and other tech companies are found online before you and your brand? It’s because your content strategy is either nonexistent or it completely sucks. Get the basics of getting found, how to optimize your brand to real estate consumers, what a content strategy looks like and how to leverage Google tactics and trends into a future-proof real estate marketing practice. Free RSVP
DMAR Connect | October 2022 [Video]
Join us for our October Connect and get a head start on your 2023 marketing plan from two of the best in the business: Katelyn Castellano, Senior Vice President of Marketing for Engel & Völkers, and David Marine, Chief Marketing Officer for Coldwell Banker. Watch Here
DMAR Staff is Here to Help
If you are looking to reach a specific department or staff person, please refer to the staff directory here, or contact our main line at 303-756-0553 or email help@dmarealtors.com.
Just for you
Three Tier Benefits | ODP Business Solutions
As a member of DMAR, you also gain access to member-only benefits and services from the Colorado Association of Realtors® (CAR) and the National Association of Realtors® (NAR).
ODP Business Solutions and the Colorado Association of Realtors® have partnered to provide exclusive benefits and savings to its members including:
- Customized pricing to fit the specific needs of your business
- Curated assortment of products and services
- FREE, next-business-day delivery on qualifying orders within our local delivery areas.
- World-class customer service for quick problem resolution
- Experienced account managers to help improve productivity and uncover cost savings
- Convenient payment options including single account billing or consolidated billing for multiple locations
CAR Members can Save up to 75% off on ODP Business Solutions Best Value List of preferred products!
