Welcome to EABOR

Meet President Kathi Obendorfer

This has been a year of thankfulness and gratitude!

Being employed as a manufacturer’s representative in the boating industry at the time, I traveled the southeastern United States frequently and came to the Englewood area beginning in 2006 approximately 6 times per year as my second largest account was located on Lemon Bay. Little did I know that I would purchase a home on Manasota Key in 2008 and make a permanent move to paradise in 2009.

Becoming a licensed Realtor® in 2010, I fell deeply in love with the area and believe this must be what heaven looks like. Englewood is the smallest community that I have lived in personally, but by far, the most colossal.

I have seen the real estate industry rebound over the last 8 years, and am so proud to be a resident of the Englewood area and to be part of our amazing Realtor® Family.

I would like to share a story that is close to my heart and will give you more insight to the Englewood Area. We lost our dog while traveling out of the country for 6 days, 7 hours and 10 minutes, and the “Realtor® Family” and Community rallied the troops and our story had a very happy ending! We found Buster…that showcases the power and passion of this community. 

So why did I raise my hand when I was asked to serve as a volunteer leader on the Englewood Area Board of Realtors®? Because giving back to an organization and community that has given so much to me is what “paying it forward” is all about.

Englewood has a thriving real estate market, well recognized schools, beautiful beaches, sunny skies, amazing sunsets, Gulf blue waters, all which are kept safe by our first responders and an abundance of organizations that always lend a helping hand.

Protecting private property rights and promoting home ownership is so important to our community and its economy, and I am proud to be a Realtor® and humbled to serve as your 2018 President of the Englewood Area Board of Realtors®.

If you have any questions regarding the Englewood Area Board of Realtors or the Englewood community, please reach out to me.

Warmest Regards,

Kathi “O”

 

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Florida REALTORS® News

Agreement on VOW listing displays expires in Nov.

Ten years ago when the internet was young, NAR limited virtual-office website displays, but DOJ said that was wrong because it unfairly restrained competition.

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The average rate for a 30-year fixed-rate mortgage hit its highest point since April 2014 and moved marginally higher from last week's average 4.38%.

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In a real estate firm, cutting costs is another way to grow a business. Think creatively and start with a close look at travel expenses and overhead costs.

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Disabled Americans don't lose rights under a U.S. House bill, but if the Senate agrees and the president signs it, businesses gain more time to correct problems.

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Need legal advice? You have a lawyer on your side

Florida Realtors Legal Hotline is a free member benefit. From 9-5 weekdays, attorneys answer questions about contracts, Fla. law and other topics: (407) 438-1409 or via email. http://www.floridarealtors.org/LegalCenter/LegalHotline/index.cfm

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The form updates approved at Florida Realtors' Mid-Winter meetings go live today and will be accessible via Form Simplicity and other forms vendors this morning.

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One free call to the Tech Helpline or Legal Hotline might have easily cost more than yearly dues. Check the new "Florida Realtors Advantage" for more membership benefits. http://www.floridarealtors.org/NewsAndEvents/article.cfm?p=3andid=361940

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Higher home prices, mortgage rates and inflation will collectively make the typical inflation-adjusted mortgage payment go up 15%, economists predict.

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Marketing automation helps attract new business, but it could push people away if it sounds fake or makes it harder for a client to talk to a real person.

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Florida Realtors Disaster Relief Fund updates application options

Florida DRF updated assistance options and now provides one application for a personal residence and another for a broker to use in the event of office damage.

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Are ultra-low mortgage rates gone forever?

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Is HOA liable for home infested with rats and termites?

If a long-time vacant home becomes a safety issue, must the HOA react? Also: Our community developer installed oak trees along the road, but roots are now damaging driveways and sidewalks. Who's responsible for doing repairs?

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IRS: Some home equity loans are still tax deductible

In a response to "many questions," the IRS ruled that secondary home loans - equity loans, home equity lines of credit and second mortgages - are still deductible after tax reform if borrowers use the funds for home improvements.

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Fla.'s median prices, new listings up in Jan.

Tight housing supply, rising median prices put pressure on potential buyers, Florida Realtors data shows. Single-family home sales slipped 1.3% from year ago, median price up 9.1% while condo sales rose 5.9%, median price up 11.7%.

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Florida Realtors' Tech Helpline - a business success

The association's in-house tech-support service debuted in 2001 to help Florida Realtors only, but it grew and now serves 550,000 Realtors in 15-plus states.

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Buyers using escalation clauses to win bidding wars

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Some small investors starting to partner up

Higher property prices make it hard for small investors to buy properties to flip or rent out, so more are combining resources to share the risks and rewards.

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Wells Fargo honors Fla. 'Guardian Angel'

Fort Myers Realtor Cynthia Shafer, a 2002 NAR Good Neighbor Award winner, was honored for her charity's commitment to abused and neglected children.

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Builders 10 biggest concerns

For the second year in a row, the "cost/availability of labor" was No. 1 on the list of homebuilders' top concerns.

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QandA: Can a board president thwart sale of your co-op?

A board president owns most units in a co-op and offers an owner less-than market value with a threat to disapprove any other potential buyers. Can he do that?

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NAR: Existing-home sales slump 3.2% in Jan.

NAR: Total sales down 4.8% for biggest year-over-year decline in 3 years, partly due to tight supply. Median price for all housing types up 5.8%.

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Canadian buyers having a bigger impact in Fla.

According to NAR, Canadians purchased $19 billion of residential property in the United States last year – more than double the $8.9 million spent in 2016.

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Fed: Stronger economy boosts chance for March rate hike

Notes released from a Jan. meeting suggest that the Fed will increase interest rates - which directly impact ARMs and indirectly FRMs - more often in 2018.

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Fannie Mae loses $6.5 billion in 4Q on tax change

Changes to U.S. tax law led to a $6.53B loss at Fannie Mae last quarter, forcing the GSE to seek cash assistance from taxpayers for the first time post-recession.

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Supreme Court deals blow to Fannie, Freddie investors

Speculative investors lost status and money during the housing crisis after the government took over Fannie Mae and Freddie Mac operations.

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