Goodyear TEAM Meeting - Driggs Title Agency

Goodyear TEAM

MeetingSeptember 2021

ATTENTION ALL AGENTS: Code of Ethics is due by

12/31/2021!!!

https://weserv.realtor/code-of-ethics.html

“Refer ONE, Get ONE”

Refer an agent and get a certificate for a free

transaction when they join.Leah out of office for TWO WEEKS!!

10/5 until 10/19…email is best!

Is this a Contract Question?

Yes

Have I read the relevant section

of the contract or addenda?

Have I watched Leah’s YouTube

Channel?

Call Leah

No

CDI, Credit Card on File, or zONE

questions?

Denise or Jacqueline

Tech-related or ROG product questions?

Skyslope Support, HelpDesk, ONE

Login or AAR Tech Support

How to do something in the

MLS?

ARMLS.com

How to get more business?

Waking Up To Win, REV-Up, ONE

Login & One.U

Need a Recommendation

or Referral

FB Page or

RealtyOneGroup.com

Need to comp a property?

Research. Practice. Appraiser

Guide.

Title or loan questions?

Escrow Officer or Lender

Buyer Request on BINSR: Repair dented areas in the garage door and repaint if necessary. Tighten

the loose garage door opener chain and repair or replace damaged garage door track.

Response from Seller on BINSR: Seller will make garage door operational.

Garage door opens and closes at COE.

Poll 1: Has seller fulfilled their obligation under the BINSR?

Per section 2k of the PC, Buyer shall immediately notify Seller of any changes to the loan program or financing terms, but they only need written permission if

those changes adversely affect the buyer’s ability to obtain loan approval without PTD conditions, increase seller’s closing costs, or delay COE.

Buyer changed from conventional to VA and notified the seller accordingly. Three days prior to COE, the buyer’s loan is denied due to “insufficient

entitlement” because buyer could not obtain her DD214.

Poll 2: Who gets the earnest money?

Section 5c of the PC states, “Buyer has disclosed to seller any information which may materially and adversely affect the Buyer’s

ability to close escrow or complete the obligations of this Contract.”

In order to qualify for the loan, the buyer must have a co-signer. The co-signer is married, but the spouse will not be on the loan or title.

Poll 3: Does the marital status of the co-signer need to be disclosed to the Seller?

• Sales over asking price: 51.3% – down from 60%• Median over list price: $11,000 – down from $20,000• Average sales price/sf: 0.6% over list – down from 1.8%• Days on market prior to contract: 9 days – up from 6 days• 262 people are moving to metro Phoenix every day. This is up 25% from pre-COVID times. • New single family home building permits are up 32% so far this year (January to July) which will go

some way towards alleviating the inventory shortage.• The affordability factor is an increasing concern. The ideal range is 60%-75%. Currently in Phoenix,

this figure is at 56.4%. • Of July 2021 buyers, 5.7% were iBuyers and 28% were cash buyers.