Welcome to the MOM Board

MAKE THE RIGHT CHOICE-WORK WITH A REALTOR®.

Sellers: REALTORS® provide sellers invaluable services, and there are many reasons to work with one. A REALTOR®:
• Can give you up-to-date information about the market, prices, financing, terms and conditions of competing properties.
• Will market your property to other real estate agents and to the public.

• Will know when, where and how to best market your property.
• Can help you objectively evaluate every buyer's proposal without compromising your marketing position.
• Can help close the sale of your home.


Buyers:REALTORS® provide critical assistance with the home buying process. A REALTOR®:
• Has many resources to assist you in your home search.
• Can provide objective information about each property.
• Can help you negotiate.
• Can help you determine your buying power.
• Provides guidance during the evaluation of the property.
• Can guide you through the closing process and make sure everything flows together smoothly.

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 Homeowner Flood Insurance Affordability Bill
Fact Sheet


REALTORS®
set the record straight on the National Flood Insurance Program for America's property owners. "Republicans cave to the REALTORS® on taxpayer flood insurance"

 Opponents see they're not winning on the merits, so they're attacking REALTORS®
instead:
 67 senators voted for a 4-year "timeout" on FEMA authority whose implementation is NOT in line
with congressional intent and in doing so, is creating havoc in local real estate markets.
 Earlier, House Republicans voted to deny funding for FEMA to implement some rate increases (i.e.,
"Cassidy Amendment" to 2014 Omnibus Appropriations Bill)
 House leaders have agreed to a vote on a substitute to the Senate's 4-year delay that would take away
that authority today and further reign in FEMA. "Even [current law's] modest price increases..."
 $87,000/year - one insurance quote shared by a REALTOR®
 $10,000-$30,000/year - rate quotes from 6 different agents for one property, all of which were
inaccurate. The true rate was "$500" and there should be "only one rate per property" according to FEMA.
 "Tentatively" $10,000/year - was $2,700 when this first-time home buyer purchased the property. A
year later when FEMA issued the new rates, $10,000 was the rate until Nov. 2014 when it jumps to $47,000/year.
"... were too much for beach-side mansion owners..."
 Multi-millionaires don't buy flood insurance only from the National Flood Insurance Program.
 $250,000 - NFIP's coverage limit - wouldn't cover their beach mansions.
 They're more likely to self-insure or buy an umbrella private policy that covers more than NFIP.
"... and the REALTORS® who want to sell those homes, and so they descended on Congress to
demand repeal..."
 Opponents are attacking the House bill that strengthens protections for the taxpayers they're seeking to
represent.
 Removes authority from a government bureaucracy that is picking and choosing which parts of the law
it will implement and botching the rest of the implementation at home buyers' expense.
 Refunds excessive premiums to those home buyers who previously bought and were not told what the
rates would be prior to purchase.
 Creates a flood insurance advocate to help homeowners go after faulty rates and flood maps.
 Builds up a reserve fund and allows FEMA to go to the private market for reinsurance rather than
borrowing from taxpayers.
 REALTORS®
are fighting to preserve access to the NFIP for the Middle Class.
 Multi-millionaires can already afford to buy flood insurance from the private market.
 The Middle Class shouldn't be denied access because they cannot afford private insurance.
 Middle Class home owners want the same opportunity to protect themselves; they don't want to rely on

government relief agencies or charity - 100% at taxpayer expense - after the next flood.
"...repeals entirely the section ... that calls on FEMA to update its maps."
 Opponents are mischaracterizing a provision to reinstate grandfathering.
 The provision does not prevent FEMA from updating flood maps.
 Grandfathering allows those who built to code to retain their rates if maps change.
 This is to prevent "bait and switch" - i.e., telling owners to build to one standard only to, 3-5 years later,
have them rebuild to yet a higher standard or else pay $30,000 for required flood insurance.
"Voters can only conclude that the House leaders' decisions are either schizophrenic or unprincipled."
 A vote for the House substitute bill is consistent with the intent of Biggert-Waters.
 It is a vote of no confidence in FEMA's ability to implement Biggert-Waters as Congress intended.
 REALTORS®
continue to support Biggert-Waters but was just too big for FEMA to successfully
implement quickly, as evidenced by the faulty premium rates and flood maps.
 Under the House bill, all property owners will be required to a pay a rate increase each year.
 Instead of forcing homebuyers to shoulder the entire burden, the House bill makes up the same amount
of revenue through a small fee on all policies until everyone is paying full-risk rates.
 Home buying is complicated enough without introducing new variables like inaccurate premium rate
quotes into the mix.
 Until FEMA can prove it knows what it is doing, Congress should remove authority.
 REALTORS® strongly support House leadership's amendment to the Senate bill to fix issues like the
immediate jump to full risk rates at time of sale and reinstating grandfathering for those who live in
homes built according to the rules.

REALTORS® strongly urge you to vote "yes" on H.R. 3370 as amended.

 

  

BE SURE TO LIKE OUR MOMBOR FACEBOOK PAGE AND SEE ALL OF THE CURRENT REALTOR PROTECTION INFO. REGARDING OUR MLS'S    

 

New MOM Board FACEBOOK PAGE!!!

CHECK US OUT!

  LIKE US AT:  http://www.facebook.com/momboard  

FACEBOOK RULES AND REGULATIONS FOR THE MOMBOR  

LIST OF ACCEPTABLE POSTS             

a. Congratulatory comments for a member.            

b. Milestone attainments.            

c. Educational information or notices.            

d. News relating to Real Estate    

LIST OF UNACCEPTABLE POSTS

a. Political

b. Cartoons/Jokes

c.  Anything relating to commissions or fees

d. Anything relating to a Protected Class of individual under the Civil Rights Act and Fair Housing.  

e. Not to be used as an MLS, i.e., Open Houses, Any Listing Info., i.e., price reductions, etc..

MOMBoR Facebook will be governed by the Articles of the NAR Code of Ethics.    

Anyone who sees an inappropriate post is urged to contact the MOMBoR Office at assistant@momboard.com the post will be reviewed by staff and removed if necessary.   Members that continue to post inappropriate posts will be removed from the MOMBoR Facebook Page.

Adopted March 2013 

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FROM THE PRESIDENT
FHA and Mortgage Capital
 
The FHA is a significant source of mortgage availability for American buyers, but FHA reserves have come under pressure in recent years. 2013 NAR President Gary Thomas recaps recent testimony he provided to Congress and explains why media talk of an FHA bailout is premature.

Watch the Video
NAR: Working for you
Existing-Home Sales Ease
In March, existing-home sales dipped slightly; sales have been above year-ago levels for 21 months.
MVP: Earn Home Feature Report
Register between April 16-30 for Midyear Trade Expo, get free download of Buyers' Home Feature Preferences.
New Conference & Expo Website
Check out the newly launched 2013 REALTORS® Conference & Expo website. 
 
Advertisement
URGENT: 2013 Short Sale Industry Update. Direct assignment, preapproved short sale listings happening NOW. Must attend FREE event for all agents. Register: FREE Lender Preferred Short Sale Training Webinar. NOTICE:Webinar Limited to 700 agents Only.

Proposals Abound to Revamp Michigan's Infrastructure

During his State of the State Address, Governor Snyder unveiled his, "Better Roads Drive Better Jobs" initiative. This plan covers all sectors of transportation including funding for Michigan's crumbling roads.  This plan comes with a hefty $1.2 billion price tag.

As the legislature continues to look at ways to fund this proposal, many ideas have been presented. Recently, a sales tax on services has been thrown into the mix of the multitude of funding mechanisms being discussed. 

As you communicate with other REALTORS®, it is important to remember four key points on how a tax on services would be detrimental to our industry: 

 

  1. A tax on services was tried before in 2007; however, the significant public outcry led to its rapid repeal within three months after it was implemented.
  2. A sales tax is already paid in a real estate transaction - the transfer tax.
  3. If all of the services related to a real estate transaction were taxed, it would dramatically increase the cost of residential and commercial real estate and create a significant drop in real estate values.
  4. Housing is a basic need, just like food and medicine, and should not be subject to a sales tax.

We have been in close contact with the Snyder Administration, legislative leadership on both sides of the aisle, and the business community to express our concern about the effects of a tax on services for our industry. At this time, a service tax remains only one of many options on the table

 MSHDA Launches MI Neighborhood Program

The MI Neighborhood Program works with neighborhood, local, and statewide organizations to identify and address neighborhood needs based on the premise of the Main Street Four-Point Approach®. The program connects existing and emerging opportunities to leverage resources in support of neighborhood revitalization.

Applications for the MI Neighborhood Program are due on March 22. For more information, click here.

Questions? Contact Lori LaPerriere at MSHDA.

View MiPlace Web site

New Year Brings Nearly 10% Jump in Home Sales and Average Sales Price

According to the MLS reports compiled by the Michigan Association of REALTORS®, January total sales volume increased, while the average selling price of single-family homes in Michigan rose compared to the same time last year. According to the report, 8,433 single family homes were sold in Michigan in January 2013, an increase of 8.90% over January 2012. The January 2013 average sales price was $105,059, a 9.06% increase over January 2012. Seventy-three percent of reporting units showed an increase in total sales with eleven locals reporting an increase in average selling price of at/near 20%+.
 
Key Statistics:

$105,059 - 2013 average sales price, January
8,433 - 2013 single family units sold, January
$886 million - 2013 total sales volume, January

Monthly housing statistics for MAR are reported by participating Michigan REALTOR® local boards and associations.

Click here for 2013 January Housing Statistics

Television Production Company Casting for New Home Series on Popular National TV Network
 
Calling all real estate agents and their clients! A well-established television production company is now casting for dynamic, out-going and engaging real estate agents and their clients looking to move from urban to rural environments. The concept of the project is to introduce audiences to a homebuyer, looking to leave the concrete jungle and head to a more sprawling, adventurous and peaceful landscape. 
 
The goal of this project is to witness the emotional and physical transformation of those once glued to city life, escape to the big wide open spaces of rural America to find both a new home and a new way of life.

View Information & Criteria

 

 How NAR Represents Consumers' Interests

 

From educating consumers about the housing market to supporting private property rights, NAR enables more Americans to achieve and protect the dream of homeownership.

 
 

Why Use a REALTOR®

Smart home sellers realize they need the expertise of a REALTOR® in the sales process. And only REALTORS®, who are members of the National Association of REALTORS®, follow a time-tested Code of Ethics, where other real estate licensees may not.
 
 

Help Buying or Selling a Home

Want to educate yourself on the finer points of buying or selling a home? NAR and your local REALTOR® can help.

Feature: Preparing for Homeownership
 
 
Featured Content
 
 
Play NAR's Member-Supported Television and Radio Ads
The ads highlight the importance of choosing a REALTOR® when buying or selling a home, cover the honesty and integrity REALTORS® bring to the process, and illustrate why it's better to use a REALTOR® than try to sell yourself.
 
 

Guide to Buying vs. Renting

The guide contains statistics and studies on home owners and renters as well as financing options and tips.
 
 
NAR Defends the Mortgage Interest Deduction
NAR stands in opposition to the President's Advisory Panel on Federal Tax Reform, which may recommend converting this century-long deduction into a tax credit. Reducing the tax benefits of homeownership could endanger property values.
 
                                       

 

 

Local Scenery

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Photo Gallery

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LINKS

State of Michigan Property Tax Estimator

You can now access estimates on property taxes by local unit and school district, using 2004 millage rates. Click the link below to begin.

Property Tax Estimator