Read All About It!
Conference Highlights from Orlando
Every day during the 2008 REALTORS® Conference & Expo, Nov. 7-10, REALTOR® Magazine’s Show Daily keeps you updated with summaries of the best new ideas and exciting images from the conference. You can also read news stories in the NAR convention blog by clicking the links on the right.
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Friday, November 16
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Negotiate Like a Ninja in Your Next Home Sale
Any master of the martial arts knows that winning is as much about mental discipline as physical skill. Becoming a black belt negotiator requires a similar meld of mind and practice, Michael D. Lee, CRS®, GRI, author of “Black Belt Negotiating.”
What You Can Learn From Honest Abe
The humility and inclusive leadership style of America's 16th president can provide a model for how to cope with today's tough real estate markets, author and historian Doris Kearns Goodwin told a capacity crowd on Thursday.
Staying Out of Court Is Simple: Think Like a Buyer
Always disclose a home's repair history. Otherwise, buyers will feel misled and will be more inclined to sue if they discover a problem later. But by looking at each transaction through the eyes of the buyer, you can protect yourself, trainer and author Barbara Nichols said Thursday.
Download the Nov. 16 Show Daily
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Thursday, November 15
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REALTORS® Have a 'Cos' to Celebrate
After rolling in the aisles to the humor of comedian Bill Cosby, 2007 President Pat V. Combs reviewed NAR's achievements, which include raising $5.5 million for the REALTORS® Political Action Committee and launching a new ad campaign to encourage consumers to buy.
Thousands Cheer Good Neighbor Heroes
The Good Neighbor Award winners "epitomize the spirit of community that is so much a part of being a REALTOR®," said NAR President Pat V. Combs, as she introduced this year's recipients of the REALTOR® Magazine award recognizing extraordinary community service.
FHA, Fannie Mae Help Minimize Subprime Fallout
The FHA and secondary mortgage market giant Fannie Mae are both implementing significant new programs to assist home owners facing the high interest rates of subprime and adjustable mortgage loans.
Download the Nov. 15 Show Daily
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Wednesday, November 14
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2008: A Year of Opportunity
What NAR Chief Economist Lawrence Yun characterized as “the roulette economy” of 2007, fueled by subprime greed and then buyers’ fear, is almost over. With a favorable economy, pent-up home demand, and Wall Street “fessing up to its losses and cleaning up its underwriting,” 2008 will be a healthy market for serious buyers, he said.
When to Walk Away From Unrealistic Sellers
"I used to be afraid to let a listing go but in today’s market, but if it isn't priced right, it isn't going to sell," says Bob Wolff, CRS®, GRI, with RE/MAX Real Estate Services in Monarch Beach, Calif. He suggests acquainting sellers with local absorption rates and showing data that illustrates how improperly priced homes can languish on the market for several months.
Foreclosure Market Is Ready for You
Nationwide, foreclosure filings rose 55 percent in the first half of 2007, creating opportunities for real estate professionals who have the necessary skills, Edward A. Bugos, ABR®, told an audience at the NAR conference. One key to success is getting current on your state's redemption statute to see how long a defaulting buyer is given to reclaim a foreclosed property.
Download the Nov. 14 Show Daily
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Tuesday, November 13
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Sound Fundamentals Promise Improved Housing Market
In a spirited spoof of the investigative program CSI, NAR's leadership explained that the national media, seduced by a few vocal but misinformed analysts, are painting a negative picture of real estate markets. These prophecies of gloom are, in turn, prompting buyers to sit on the sidelines. In reality, NAR Chief Economist Lawrence Yun said, U.S. economic fundamentals remain sound, boding well for real estate.
Las Vegas Family Gets Keys to Habitat Home
Before an enthusiastic crowd of volunteers, NAR President Pat V. Combs handed over the keys to this year's NAR-built Habitat House to Patty Parker and her two daughters at a Sunday ceremony. This home is the seventh build by REALTOR® volunteers in the association's convention city. Work on the three-bedroom home began in June.
NAR Donation Helps Homeless Vets
To help combat the problem of homelessness among U.S. military veterans, NAR President-elect Charles McMillan and First Vice President Vicki Cox Golden chose Veteran's Day to present a $5,000 check to the Las Vegas office of U.S. VETS, an organization that helps vets find housing, jobs, and training.
Download the Nov. 13 Show Daily
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