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HomeDiary Plugs into MoxiWorks Power Strip
MoxiWorks adds HomeDiary as the newest member of their Cloud open platform December 3, 2017 – Seattle, WA – MoxiWorks recently partnered with FloorPlanOnline's HomeDiary service to offer HomeDiary PRO to MoxiWorks users. HomeDiary is a homeowner management platform that includes a free 3D space planner, as well as other tools to help create a digital record of the home. HomeDiary PRO helps REALTORS® stay connected to their client base throughout the whole homeownership lifecycle. Through the Moxi integration, PRO not only provides marketing tools for the listing side of the transaction, such as completely hands-free, automated single property websites and the free use of the advanced 3D floor plan engine, it also enables agents to stay relevant with their client base as they live in their home with the included HomeDiary sponsorship for an unlimited number of clients. The HomeDiary PRO system is extremely affordable - priced at less than the daily cost of a cup of coffee. "There has been a lot of discussion recently about staying in touch with your client base, or sphere of influence," says Mike McHenry, VP of Channels and Partnerships. "After all, it is somewhere between six to ten times more expensive to get a new client than keep an existing one. But tools have been lacking that create compelling reasons for homeowners to use and engage, as they are mostly singular or one-time use tools. This is where we see HomeDiary filling a vital gap for the agent and their clients." As a digital record of a home, HomeDiary is where homeowners can log projects, photos, improvements, and documents for easy reference to create a digital record of the home. HomeDiary's 2D and 3D space planner allows homeowners to draw a room or an entire floor plan if desired. They can plan furniture layouts, virtually change flooring, plan patio and landscaping ideas, and even play with paint color palettes. Homeowners can even experiment with what that open concept might look like, before they pick up a hammer. It enables any home to have a 3D floor plan visualizer, similar to what you see on those popular home improvement shows. "Our goal is to make documenting your home quick and easy, and to enable every home in America to have 3D floor plan, just like what you see on TV," said Kris Cone, CEO of HomeDiary. "Plus, the HomeDiary platform allows agents to leverage that great content created for the listing to be a useful asset for the buyer, just by claiming the home from the tour, something no other tour company can do." HomeDiary PRO helps agents provide a simple documentation tool to their client base and add another reason to reach out to their sphere. With all of the natural disasters lately, this is a big problem needing a solution. According to HomeDiary research, some 75% of homeowners have no system to document their home for insurance purposes. This creates an issue if disaster strikes. Homeowners are at risk of losing thousands of dollars in value if a fire, flood, hurricane or tornado strikes and there is no record of what was in the home. HomeDiary can help the homeowner reduce that risk in a fast and easy way. About MoxiWorks MoxiWorks is a residential brokerage services company that makes agents significantly more productive and brokerages more profitable by helping them effectively run their businesses. MoxiWorks' integrated tools are centered on a sphere-based selling process that drastically increases agents' repeat and referral business, while lowering overall technology, training and support costs for the brokerage. With MoxiWorks, brokerages are able to make their agents' lives simpler and their businesses more successful. More information at moxiworks.com. About HomeDiary Every HOME has a STORY to tell. HomeDiary was created by a group of veterans from the online real estate industry to create a platform to make it easy to manage and document any home. Their mission is to help you better manage your most important asset to improve its value and reduce the risk of ownership. Discover more at homediary.com, or see our Home pro plans at homediary.com/pro.
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Down Payment Program Data Grows in Size and Scope
Homeownership Program Index Reports More Than 16,000 Program Changes in Q3 2017 Atlanta, GA, November 16, 2017 – Atlanta-based Down Payment Resource, the nationwide database for homebuyer programs, today released its Third Quarter 2017 Homeownership Program Index (HPI). The number of total programs increased to 2,487, up 18 programs from the previous quarter. More than 87 percent (87.1%) of programs currently have funds available for eligible homebuyers, up slightly from the previous quarter. Down Payment Resource communicates with more than 1,300 housing agencies each month to make updates to homeownership programs. While the total number of programs and funding availability remained steady, this quarter the company made 16,435 total program edits, including important eligibility requirements, program guidelines and funding status. "We're proud to be the first company to develop a nationwide database of down payment programs, but it's an even greater achievement to keep those details up-to-date. Every month, we work with housing agencies across the country to catalog the latest program information into our database, helping ensure homebuyers, lenders and agents have accurate, searchable details," said Rob Chrane, Down Payment Resource CEO. Program Data Varies Greatly Homeownership programs are available across the country, designed to meet the housing needs for a buyer segment or community. For every program, Down Payment Resource monitors changes to many dozens of data points, income and coverage area tables, program benefits, and funding status. This quarter's Homeownership Program Index reviewed the volume of program changes made from July 1 through September 30. Program edits: 3,605 Includes program contact information, funding status and program guidelines. Coverage Area edits: 12,830 Includes changes to coverage areas, coverage area types, maximum purchase price limits, or household income limits. Program changes are up 220 percent from Q4 2015, when the HPI last reviewed total program changes. The increase in program update activity is attributed to the addition of more data points per program as well an increase in the total programs being monitored. "We continually review our technology, seek feedback from our customers and users, and look for opportunities to enhance our data. The more specificity we can provide, the easier it is for homebuyers to explore all of the options available to them as they plan for homeownership," said Sean Moss, Senior Vice President of Operations for Down Payment Resource. "Likewise, lenders can better understand the options available to their originators to tap into new buyer segments and help them solve for their biggest obstacle to homeownership. And, real estate agents can pinpoint opportunities available in their market and comfortably promote those programs to new buyers." Monitoring Dynamic Data Many events can impact homeownership program guidelines, including funding source and master servicing requirements. For example, when HUD makes its annual Area Median Income (AMI) limits for all of the more than 3,000 counties across the U.S., many program administrators also update their own programs' income limits. In addition, any given program can change on short notice, and multiple times per year. Because those changes aren't predictable, Down Payment Resource constantly monitors and works with program administrators to keep the program information up-to-date. Index Data About All Types of Programs 38% of homeownership programs do not have a first-time homebuyer requirement and are available for eligible repeat homebuyers. (First-time homebuyer is defined by HUD as someone who has not owned a home in three years.) 75% of programs are available in a specific local area, such as a city, county or neighborhood. 25% of programs are available statewide through state housing finance agencies. More than 6% of programs are available for community service workers, including educators, police officers, firefighters and healthcare workers. 6% of programs have benefits for veterans, members of the military and surviving spouses. These programs can also be layered with zero down payment VA loans. 69% of programs in the database are down payment or closing cost assistance. 9% of programs are first mortgages and 8% of programs are Mortgage Credit Certificates (MCCs). States with the greatest number of down payment programs remained consistent—California, Florida and Texas are the top three. View a complete list of state-by-state program data. More than 50 percent of programs accept online homeownership education. About Down Payment Resource Down Payment Resource (DPR) creates opportunity for homebuyers, REALTORS® and lenders by uncovering programs that get people into homes. The company tracks more than 2,400 homebuyer programs through its housing finance agency partners. DPR has been recognized by Inman News as "Most Innovative New Technology" and the HousingWire Tech100™. DPR is licensed to Multiple Listing Services, Realtor Associations, lenders and housing counselors across the country. For more information, please visit DownPaymentResource.com. About Down Payment Resource's Homeownership Program Index The Homeownership Program Index (HPI) measures the availability and characteristics of down payment programs administered by state and local Housing Finance Agencies (HFAs), nonprofits and other housing organizations. It analyzed state, local and national programs available in the DOWN PAYMENT RESOURCE® registry as of October 23, 2017.
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Buyside Launches Fall 2017 Update
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REALTOR Organizations Increasing Consumer Confusion on Real Estate Representation
AVONDALE, Ariz., June 14, 2016 -- Recent actions by the staff of state and local REALTOR® organizations are leaving members of the National Association of Exclusive Buyer Agents (NAEBA), nearly all of whom are also members of their local REALTOR® organizations, concerned about consumer protection in real estate. Like many trade organizations, the National Association of REALTORS' goal is to improve business for its members. Its mission is even "to help its members become more profitable and successful," but on several occasions this year, the state and local REALTOR® organizations appear to be putting those profits above ethical and fair dealings with home buyers and sellers. In Florida, numerous NAEBA members contacted staff of the Florida REALTORS® asking for a change to the existing Exclusive Buyer Brokerage Agreement. One letter stated, "The purpose of my letter is to ask FAR to include the Single Agency Disclosure with all the fiduciary duties required by Florida Statutes 475.278 to the existing FAR Exclusive Buyer Broker Agreement. This would remove any possibility of misrepresentation to the consumer buying public and meet the requirement made by the Statute for written disclosure by Single Agents offering 'exclusive' buyer broker services." NAEBA President Dawn Rae also submitted a letter which can be read in its entirety at www.NAEBA.org/LettertoFAR. The only response received was a phone call from Donna Ryan, Senior Counsel and Manager of Member Legal Communications for the Florida REALTORS®, to the members who sent letters stating she had made a recommendation for changes. She would not respond to NAEBA or the NAEBA President (who is a member of Florida REALTORS®) at all nor would she give any response in writing. In the nearly six months since the request was made, the change has not been made nor even discussed further. In California, there is a case, Horiike v. Coldwell Banker, being considered by the California Supreme Court concerning dual agency. Per California law, dual agency occurs when one real estate brokerage is representing both the buyer and the seller in the same transaction. The plaintiff is alleging that the listing agent had a fiduciary duty to him even though he was the buyer because he was a client of the listing agent's firm. The appellate court agreed. Dual agency is fraught with conflict of interest, leaving neither the buyer nor the seller with true, full representation as NAEBA pointed out in its Amicus Curiae brief submitted to the California Supreme Court (read it in its entirety at www.naeba.org/amicus). Many real estate agents practice dual agency, however, because it is quite lucrative. Instead of splitting the commission, the agent or brokerage keeps all of it. In keeping with the mission of making its members more profitable regardless of consumer protection, an April, 2016 article from Bob Hunt, Director of the California Association of REALTORS®, even states that "Dual Agency Can Be a Good Thing." In Massachusetts and Colorado, state organizations are now allowing REALTORS® to falsely advertise their services. For years, the accepted definition of Exclusive Buyer Representation has been, "The practice of representing only buyers and never sellers in a transaction. The company never lists a seller's property and thus never has a seller as a client." This definition has been published in numerous publications from the National Association of REALTORS® including Agency: Choices, Challenges & Opportunities (see p. 25 of the document found at http://naeba.org/NARAgencyChoicesChallenges), the Real Estate Buyer Agency Council (REBAC), and other organizations. Consumers doing a search of the term on the Internet will find numerous references to that same definition and will rightly assume that someone advertising as an Exclusive Buyer Agent would meet that definition, yet when Exclusive Buyer Agents in those states complained about an agent in their market who was advertising Exclusive Buyer Representation even though they worked in a company that represents sellers, the REALTOR organizations told the agents that since there is no copyright on the term, the other agents can use it. That is going to lead to even more confusion for a consumer who thinks he is working with one type of agent based on definitions even published by the REALTOR® organizations, but ends up working with another. In fact, a consumer working with one of these "Exclusive Buyer Agents" could even be asked to consent to dual agency. According to NAEBA President Dawn Rae, "Given this current climate of confusion, it is even more important that home buyers remember 'caveat emptor,' let the buyer beware. Choosing a REALTOR® isn't enough. Buying a home is one of the largest financial investments a person will make. Buyers should interview agents to ensure that the agent will remain on their side and truly represent them throughout the transaction... regardless of which home they buy." About NAEBA The National Association of Exclusive Buyer Agents (NAEBA), created in 1995, is an organization of companies dedicated to representing only buyers of real estate. NAEBA member brokerages do not list homes for sale and never represent sellers. This restriction to one side of the real estate transaction avoids conflicts and ensures that the interest of the homebuyer is protected at all times from house-hunting and negotiation to inspection, financing and closing.
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Cloud Streams’ Listing Alerts are Faster and More Reliable than All Major Listing Portals
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RealtyTrac Launches HomeDisclosure.com Providing "Pre-Diligence" Reports for 117 Million U.S. Homes
IRVINE, CA - (January 26, 2016) - RealtyTrac®, the nation's leading source for comprehensive housing data, today announced the beta launch of its new consumer focused, mobile responsive, property Pre-Diligence™ website, www.HomeDisclosure.com, which arms real estate consumers with detailed due diligence data on 117 million U.S. homes. Home Disclosure will be available to consumers early in the process of buying, selling or renting a home. Home Disclosure was created to empower real estate consumers with critical information they can't find anywhere else in one place, and some of which is only disclosed to buyers at the closing table -- if it's disclosed at all. In each property report, Home Disclosure provides more than 40 categories of real estate data, along with hyperlocal neighborhood and environmental data impacting the health, safety and financial security of the homeowner or renter. Watch video. "There is no other property report -- let alone property listing website -- that will identify nearby registered sex offenders and drug labs, while also giving potential home buyers comprehensive loan history and financial details such as the current equity position on each property," said Rob Barber, CEO of RealtyTrac. "We're able to provide this unique combination of property due-diligence data to consumers thanks to RealtyTrac's nationwide footprint of publicly recorded real estate data along with the neighborhood and environmental data we gather through our subsidiary Homefacts. "We're willing to provide this data to consumers because our business model is not dependent on whether someone buys, sells or rents a home," Barber added. "We are agnostic when it comes to whether or not a real estate transaction occurs, which frees us up to provide a property report with transparency as its highest objective." The report also provides hyperlocal neighborhood data on natural hazard risk (including flood, earthquake, tornado, wildfire, and hurricane risk), environmental hazard risk (including superfunds sites, brownfields, polluters and storage tanks and spills), crime level, school quality, median income and much more. View sample report. "When buying a home or investment property, it's extremely important to completely investigate not only the property but also the neighborhood," said Mike Sawtell, executive vice president and general manager of consumer solutions at RealtyTrac. "The Home Disclosure report will let you do exactly that. It's extremely powerful data that will not only help home buyers decide on which property and neighborhood may be right for them, but give them critical data to help them negotiate much more effectively. "Most real estate websites provide consumers with the basic information they need to search for homes -- bedrooms, bathrooms and list price -- but they don't offer deeper data that will make buyers aware of potential risks in the neighborhood," Sawtell continued. "It's interesting that in today's world, consumers will perform more pre-diligence on a $30,000 automobile (by purchasing a Carfax report) than they will on a $300,000 home. This is because until now there was not a simple method to access the necessary information. Home Disclosure changes that. For no cost, a consumer can have access to a comprehensive, yet easy-to-use report that is built for smart phones and tablets. Home Disclosure provides important elements of big data necessary for thorough home pre diligence while making the report extremely accessible for all." RealtyTrac built Home Disclosure from the ground up using public record real estate data (sales deed, mortgage, tax and foreclosure data), along with neighborhood characteristics and risks data, and packaging that data in a user interface designed carefully for a very specific real estate consumer: one performing pro-active, pre-diligence on a home -- whether they are looking at that home for purchase or rental, or whether they already own or rent the home. Why is the Home Disclosure Report important today? Health risk (Porter Ranch, California gas leak story) Safety risk (Sex offenders Christopher Hubbart and Mark D. Beebout) Property value risk (Sinkholes hurt property values) Flood zone risk (Hurricanes Sandy in New York City and Katrina in New Orleans) About RealtyTrac RealtyTrac is a leading supplier of U.S. real estate data, with nationwide parcel-level records for more than 129 million U.S. parcels that include property characteristics, tax assessor data, sales and mortgage deed records, Automated Valuation Models (AVMs) and 20 million active and historical default, foreclosure auction and bank-owned properties. RealtyTrac's housing data and foreclosure reports are relied on by the Federal Reserve, U.S. Treasury Department, HUD, numerous state housing and banking departments, investment funds as well as millions of real estate professionals and consumers, to help evaluate housing trends and make informed decisions about real estate.
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