Greater Lakes Association of REALTORS®

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Group touts benefits of state mortgage interest deduction

Posted: April 18, 2014 – 8:42pm by the Brainerd Dispatch

Chris Galler and Christine Berger of the Minnesota Association of Realtors were joined by former State Senator and Realtor Deanna Weiner, remodeler contractor Geoff Tilsen, carpenter contractor Mike Doyle and designer Angel Tilsen to announce statewide March home sales numbers.

The group reported the event was designed to emphasized the importance of the state mortgage interest deduction and served as a final reminder on the tax day filing deadline for homeowners to claim this tax incentive.

With the housing economy turning the corner after a difficult few years, the mortgage interest deduction has played a major role to in helping middle-class Minnesotans achieve the American Dream, the group reported.

Among the key findings the group released:

• Median home prices across the state increased 5.3 percent in the month of March when compared to transactions a year earlier.

• Median home prices have increased every month since February of 2012.

“With home prices rising across a majority of the state and affordability falling due to interest rate increases one thing remains clear: curtailing the state mortgage interest deduction would be a step backwards for Minnesota families,” said Christine Berger, spokesperson for the Minnesota Home Matters coalition and vice president of Political Affairs for the Minnesota Association of Realtors. “Any changes to the state mortgage interest deduction would have serious consequences to home-ownership levels in Minnesota, increasing home prices and harming middle income families.”

The event demonstrated the economic impact a vibrant real estate market has on the community — urban vitality and commitment; jobs for home builders including carpenters, architects, masons, plumbers, and electricians, to name a few; increased property value and resulting property tax revenues for St. Paul schools, Ramsey County and the City of St. Paul; and finally, a home for middle-class families, as a centerpiece of healthy and strong communities.

“Seventy percent of Minnesota’s homeowners with a mortgage itemized and used the mortgage interest deduction in 2011, according to data from the American Community Survey and the Minnesota Department of Revenue,” Berger said.

Changing established portions of the Minnesota tax code would be changing the rules in the middle of the game, locking middle class families out of the housing market and reducing home values for current homeowners, the group reported, adding any elimination or changes to the deduction would result in an estimated 15 percent decline in home values across the state.

Minnesota Home Matters is a project of the Minnesota Association of Realtors and is dedicated to ensuring the Mortgage Interest Deduction is available to help the middle class achieve the American Dream.

CapCon 2014

 

CapCon

 

The Minnesota Association of REALTORS® hosted CapCon 2014 Day (formally Legislative Impact Day) at the St Paul RiverCenter February 19th.

 The National Association of REALTORS® President Steve Brown opened the event.  Our political environment must be important if the President of the National Association of REALTORS® comes to Minnesota in sub-zero temperatures to talk to us!  Other speakers were Doug Sosnik, Former Political Director to President Clinton; John Smaby, MNAR President Elect; MN Legislators Senator Tom Bakk, Senate Majority Leader; Senator David Hann, Senate Minority Leader; Representative Kurt Daudt, House Minority Leader and Representative Joe Atkins, Chairman of the House Commerce Committee.  Also present were Paul Eger, Ryan Hamilton, Christine Berger, Lobbyists; Chris Galler, MNAR CEO and MNAR President Ron Helm.  GLAR members that attended the CapCom14 day are:  T.J. Simon, Colleen Goedker, Kevin Goedker, Rebecca Sellnow, Doug Kern, Jan Schultz, Marissa Skuza and Janie Weston. 

Remember to mark your calendar for the GLAR Capitol Day March 26th.  We will meet with our Legislators.

Marijuana is Starting to Intersect with Real Estate

Marijuana is Starting to Intersect with Real Estate.

With the legal status of marijuana shifting as states decriminalize its medical use,  members can expect to deal with disclosure and other issues that this changing legal environment raises, particularly in rental real estate. This and other trending legal issues in residential real estate are covered in 9-minute video with NAR Legal Affairs. The other topics are contractual issues related to fracking, pocket listings, IDX copyright violations, and broker liability for actions of a sales person. Access and share the video.

Listhub: Learn What Online Marketing Reports Can Do For You

The Internet is quickly becoming the number one place to search for real estate. In fact, 90% of consumers used the Internet in their home search process in 2012, and 47% of those consumers found the home they purchased online*.  Advertising your listings on the top real estate marketing websites is a must in order to stay competitive—being able to easily and confidently track and compare how your listings are performing across the Internet is what sets you apart from the competition!

  • Do you know what websites are sending you the most traffic?
  • Is your online advertising budget bringing you the desired return?
  • How are you delivering critical marketing updates to your seller clients?
  • How do you keep track of your listings across hundreds of websites?

These are just a few things to consider when advertising listings online.

ListHub Pro includes in-depth online marketing reports and tools provide you the insight to market your listings strategically, securely, and successfully online.

Seller Reports: Send automated reports to your clients to keep them informed about the online traffic their home is receiving. Are the numbers up or down?  Is it time to reduce the asking price? Now you’ll have data to support those conversations!

eMarketing Flyer: Print this custom branded eMarketing Flyer to take to your next listing appointment. This tool will effectively demonstrate the breadth of your online marketing strategy — a sure way to impress a potential new client!

Listhub Photo

Publisher Comparison Report: Finally, now you’ll know just which websites are sending you the most leads for your listings—giving you the power to make informed marketing decisions.

ListHub’s online marketing reports are a great resource to build a strategic and targeted Internet marketing campaign. Want to learn more about the benefits of online marketing reports? Click here to watch a short online video.

For top market place leaders get ListHub Pro-Plus! ListHub Pro-Plus includes all of the benefits of ListHub Pro plus your company’s website metrics on the ListHub Reports. Click here to view the broker packages available.

If you have questions about the ListHub service please contact them – 877.847.3394 x 1 or info@listhub.com – to find out how to access these tools and more!

REALTOR RING DAY!

Realtor Ring Day Banner

This year’s REALTOR® Ring Day is Friday, Dec. 6, when thousands of REALTORS® will bell ring at Salvation Army kettles across the nation.
GLAR invites our Realtors & Affiliate offices to participate in the Salvation Army’s National Realtor Bell Ringing day.

Click here to view a video on Bell Ringing. 

Every dollar you raise stays in your community and funds vital Salvation Army programs like food, housing, youth programs and other services.
GLAR would love to have everyone in your office participate in this event. We will have a contest and award 10 lucky winners with a gift card.
Attached is a list of locations in the area to choose from, please use the contact number listed on the sheet to sign up your office today!

Call early for the locations and times that work for your office. You can choose all day, ½ day or a few hours. It works best if shifts are split into 2 hours per person. Generally there are 2 people per shift at each location.

Aitkin
Contact Tricia at 218-927-1383
Locations: County Market and Shopko

Brainerd, Baxter, and Crosslake
Contact The Salvation Army at 218-829-1120
Locations: SuperOne (Baxter), Walmart (East and West Entrances), Cub Foods (Brainerd and Baxter), Hallmark, Herbergers, JCPenney, Mills Fleet Farm, BigLots, Gander Mountain, Walgreens, and Reed’s Market

Isle
Contact Mary at 320-676-8485
Location: Teals Market

Little Falls (Filled)
Angie at 320-232-9156
Location: Walmart (North and South Entrances)

Nisswa, Pequot Lakes, and Pine River
Contact The Salvation Army at 218-829-1120
Locations: Schaefer’s Foods, Super Value, and Family Market

Park Rapids (limited shifts remaining)
Contact Lori at 218-252-4096
Location: Walmart

Walker (Filled)
Contact Ineke at 218-547-7500
Location: SuperOne

Town Hall Forum Recap

“I found the town hall forum with our Senator & Representative to be both informative and enlightening.   Many years ago I served on the MAR governmental affairs committee when Glen Dorffman was our liaison and understand how important it is to have a voice to the people representing us.  Thank you for putting the forum together.”

-Lynn McCarthy, Century 21 New Horizons Realty

“It was great to hear from our legislators about future events that may affect our area. In order to truly be of service in our area. We as REALTORS® should know what could affect homeowners. So this sit down with our legislators to discuss their personal opinion on issues for the up and coming year was great. Thank you Representative Joe Radinovich and Senator Carrie Ruud for your time.”

-Arik Eller, Keller Williams Professionals

“The Town Hall Forum was an educational experience that provided us with an up to date overview of what was accomplished and what is yet to come.  The presentation was informative, well organized and the panel sharing their perspective views and opinions was a nice addition.”

-Diane Pogatchnik, Lakeplace.com

Forms Update

Forms Class

 Click here to Register.  2.5 hours of Real Estate CE is available.

December 6th is REALTOR Ring Day!

Realtor Ring Day Banner

Realtor Ring Day Poster 2013

Upcoming Education at GLAR


October 2013

October 30:  Town Hall Forum,  2013 Legislative Update & 2013 Session Outlook – Little Falls-FREE
October 30:  Town Hall Forum,  2013 Legislative Update & 2013 Session Outlook – Brainerd-FREE

NOVEMBER 2013

November 6: MLS Basics
November 7: Instanet-Online Forms
November 13: Avanced MLS-1
November 14: Advanced MLS-2
November 21: Forms Update
November 21: Data Accuracy

Education Card is $95 for new members, $125 for current members or $15.00 per credit hour.

Non GLAR members are welcome to attend education.  Cost is $15 per credit hour, or an education card is $175.

  • Pre-registration is required.  NEED TO CANCEL A CLASS?  Click here
  • Double check schedule for class location, dates & start/end times.
  • If you are late to class, you will not receive credit.

FUN DAY!

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