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August 27, 2018

Store Shelves Are Almost Empty - Last Chance to Purchase
School Supplies for Children in Need

There are still last minute items needed.
Call Linda Smith for more information 718-979-0007 ext 1517

 Deadline for drop-off at SIBOR is Thursday, August 30.
SIBOR's Golf Challenge Cup Raises $22,200 for Children with Cancer
The annual Realtors' Challenge Cup fundraiser, held in June, resulted in the presentation of a $11,100 check to each of the two recipients: Sunrise Day Camp - Staten Island, and Staten Island University Hospital Northwell Health, Ocean Breeze. The funds donated to the hospital are earmarked for its new Kids Against Cancer Pediatric Oncology Center.
The golf event, sponsored by Freedom MortgageĀ®, took place at the Grand Oaks Country Club, Huguenot.

October 22 at the New York Marriott Marquis
 9:00am Conference, 5:00pm Cocktail Reception
breakfast and lunch included

Featured Speaker
Stefan Swanepoel
Chairman & CEO,T3 Sixty
Real Estate Trends Strategist, 
International Speaker
Best-Selling Author & Coach

Here's Where Foreign Real Estate Investors Are Buying in NY

New York City has one of the most expensive real estate markets in the world, a distinction earned via a boost from wealthy foreigners snapping up pricey apartments.
The Big Apple is second only to London in its popularity among foreign investors, according to a survey in January by the Association of Foreign Investors in Real Estate. 

New Zealand Bans Foreigners from Buying Homes
The median home price in New Zealand has surged more than 57 percent since 2010 and now the Kiwi nation has decided to do something about it: ban outsiders from buying their homes.
The Wall Street Journal reported New Zealand's parliament approved new regulations on Wednesday that prohibit currently existing residential properties from being purchased by foreigners.

Dubai's Preservation Initiative

In a first step toward preserving the development history of Dubai, the city has begun earmarking buildings for heritage status, including the first skyscraper in a metropolis now defined by them.
The push is part of the new Modern Heritage program aimed at protecting the mid-20th century architecture that ushered in the city's rapid development. Dubai's first library and one of its first downtown hospitals are also on the proposed shortlist.

July 2018 

Housing price bubble chatter has increased this summer, as market observers attempt to predict the next residential real estate shift. It is too early to predict a change from higher prices and lower inventory, but the common markers that caused the last housing cooldown are present. Wages are up but not at the same pace as home prices, leading to the kind of affordability concerns that can cause fewer sales at lower prices. At the same time, demand is still outpacing what is available for sale in many markets.
New Listings in Staten Island increased 3.4 percent to 604. Pending Sales were up 9.8 percent to 436. Inventory levels fell 1.0 percent to 1,984 units.

HUD Backs Off on Rule it Says Stifles Affordability

The U.S. Department of Housing and Urban Development is taking steps to scale back a fair housing rule that had sought to combat housing segregation. HUD Secretary Ben Carson says the 2015 rule is standing in the way of efforts to add more affordable housing.
The Affirmatively Furthering Fair Housing rule required cities and towns to examine historic patterns of segregation, and then create plans to combat them.

Big Win for REALTORSĀ® on IRS Guidance for 20% Income Deduction

The deduction was part of the big tax reform law Congress passed at the end of last year and it was a huge win for REALTORSĀ®. But it was unclear who would be eligible for the deduction. Now that proposed regulations are out, it's clear the new deduction will be available to a wide range of real estate professionals.

ShelterZoom Partners with RE/MAX Revolution for Real Estate Blockchain Intergration

Pioneer blockchain real estate platform, ShelterZoom, has announced that it has formed a partnership with the top-producing Mike DelRose Team from RE/MAX Revolution in Boston.
The deal with RE/MAX Revolution marks another major partnership milestone for ShelterZoom and its partner brokerages, agents, technology and data providers, and aggregators across the globe seeking to harness the power of ShelterZoom's differentiating blockchain-based solution.

The Real Value of $100 in New York is just $86.51

A $100 in New York State has a real value of just $86.51, according to a report released this week by the Tax Foundation, an independent tax policy research group. And while New Yorkers know the cost of housing here ranks among the highest in the country and drives up the cost of living, everyday goods, including groceries, are also more expensive than most other states.
Somewhat surprisingly, the Empire State does not rank first for least valuable $100 but does fall in the top five. 


August 29 - 3PM  Flexmls Customizations
Webinar that will explain what features in Flexmls you can customize.

Click here to register for webinars.
Flood Zone Determination Helps Clients and Protect You from Liability

Access MyFloodStatus directly from your MLS dashboard!   C lick the MyFloodStatus button on your dashboard or the raindrop icon within a listing to order your flood determination report. Each flood report you order is certified and insured and will establish if a dwelling is in or out of a special flood hazard area.  Join the webinar this week to learn more about the low-cost, pinpoint accurate, insured reports and the discount pricing you receive with your SIBOR MLS membership!
Wednesday August 29 - 9:30am
Thursday, August 30 - 9:30am

click here to register
legal - gavel and books
NYC and NYS Enact Sexual Harassment Policies
by Al Fazio, Esq.

On May 9, 2018, the Stop Sexual Harassment in New York City Act (The Act) became law which applies to all employers with offices in the five boroughs of the City. The Act requires the CHR to create an information sheet on sexual harassment that employers must provide to all employees at the time of hire. The New York City version permits claims of gender-based harassment by all employees, regardless of the size of the employer.  Previously, anti-discrimination provisions of the City's regulations applied only to employers with four or more employees.  

read full article
Dual Agency Dispute Serves as Warning Sign for Brokers

In spring of 2017, Pamela Goldstein spotted a $599,000 listing for a Colonial-style four-bedroom home in the Hartsdale section of Greenburgh. She contacted the listing agent, Gino Bello at Houlihan Lawrence, and quickly received a message from Daniel Cezimbra, another agent at Houlihan Lawrence. Cezimbra accompanied her to the house showing and warned Goldstein of a bidding war. He encouraged her to submit a $635,000 bid.
She would later raise the offer to $637,000, allegedly at Cezimbra's urging, and close on the house in May despite an inspection that revealed problems.  

3 Creative Ways to Generate Listings

Real estate farming is possibly the most proactive position an agent can take to build inventory. Overall, you'll want to choose an area with attributes you find personally appealing as well as professionally rewarding. Create personas for your perfect clients using data such as income, education, leisure activities and more. For example, an agent who is athletic and enjoys leisure time at coffee houses might find it easier to relate to homeowners with similar interests. 

Phishing: Preventing the Bait and Hook in the Pond of Security for Brokers

Remember a time when a fishing rod, some bait, and a lake was all that was needed for a quiet afternoon of relaxation and fun. Today, we need to deal with a different kind of "phishing". This phishing has gone wild in the digital world and has become the preferred method by the bad guys in obtaining easy access to your corporate email platform.
Access to a wealth of desirable information that includes transactional information, wire-transfer directions, and personal identifiable information (PII) of your Agents, Staff and Customers.

7 Photography and Videography Tips to Attract Potential Buyers

Recent studies show that buyers are paying close attention to photos and virtual tours when looking for a house online. Here are seven tips to help you capture the attention of potential buyers using photography and videography, and ultimately, convince them to schedule a viewing of the house.
"Staging is everything, as it gives you the opportunity to control what people see," says Kristin Kostrzewski, a design team lead at Quicken Loans. She suggests starting with the closets.  "Serious buyers are going to open everything to investigate functionality, so be sure to organize all closets and cabinets," she says.

Flexmls Pro Displays Larger Photos

Soon listing results will display a larger photo and easier-to-read text when your members view multiple listings in Flexmls Pro for Android and Mobile Web. These changes will provide more detail and clarity when using the List View to compare listings. Additionally, clients using mobile web browsers to view listings will also receive these improvements.

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