Ohio Market Watch: Profession sees upturn in multiple offers

By Greg Stitz, Ohio REALTORS Director of Research

Compared to October 2014, when this question was first asked, 28 percent more respondents have seen multiple offers rise in their area. According to Ohio REALTORS October 2017 housing market confidence survey, 84 percent of respondents have seen multiple offers rise in their area compared to 56 percent in October 2014 and 75 percent in October 2016. This year 13 percent notice no change and 3 percent indicate a decrease in offers.

multiple offers chart

Survey results are based on responses to a monthly survey, designed to capture the effects of the existing economic conditions and trends on the real estate industry, sent to a pool of 1,500 Ohio REALTORS participants. Click here to participate in future Ohio REALTORS Housing Confidence Surveys.

Tags: Ohio Market Watch, research

Coaching Corner: What if?

By “Coach” Marilou Butcher Roth

Lately there has been a tremendous amount of news surrounding accusations by many women who have felt violated in some degree by a man — usually a man they deemed to be in a position of power. I am not here to question the validity of their claims, nor the admissions or denials of such acts by the men. I am merely using this as an example, with many of these instances presenting themselves as a “he said, she said” situation. These events did got me thinking about how delightful life in general would be if everyone just TOLD THE TRUTH!! Come on! Is it that hard?

I remember instances growing up where my grandmother would tell me it was OK to not tell my Grandfather certain things “for his own good.” Or my own mother, declaring specific information would only “upset” my father. Looking back, it is clear that even the small, so called white lies do not really help anyone. And, it is quite a slippery slope once it begins.

Where in your life are you not fully telling the truth? Where do you omit details because of the reaction you might get? Or, are there situations that you embellish to make them just a bit better?

This week I challenge you to become fully aware of your own authenticity and truth telling. This includes not to say yes when you mean no. Check this out for yourself, are you living your truest life both personally and professionally? What if you did? How might things change? Here’s the thing, most people are not telling bold faced lies, they are usually minor in nature.

Don’t be hard on yourself with this process — just notice and make changes appropriately! And…as always…enjoy!

 

Marilou Butcher Roth is the owner of The MBR Group, a coaching and training company working primarily with REALTORS who have a desire to work and live from a more inspired place. She is also the Broker/Owner of Group REALTORS in Cincinnati.

Marilou is a member of the Ohio REALTORS Board of Directors and past chairman of the organization’s Communications Committee. Feel free to contact Marilou to see if coaching is right for you: Marilou@mbr-group.com

 

Tags: Coaching Corner, training

Ohio Safety Series: Know who you are dealing with

When you have new clients:

  • Meet them in the office
  • Verify his/her identity
  • Get their car mark and license number
  • Photocopy/photograph their driver’s license
  • Complete a client ID form

Ask prospect(s) to stop by your office and complete a personal identification form before going to a property. This should be openly obtained, preferably in the presence of an associate.

Verify their identity. This may entail calling references, his/her place of employment and verifying his/her current address. Information should be retained at your office; knowing that a name and address are known my discourage an assailant.

Get their car make and license number. It’s easy to do, and it will assist police in catching a criminal or finding you if you are abducted. If the car is stolen, your prospect will be reluctant to give you a license number.

Introduce the prospect to someone in your office. A would-be assailant does not like to be noticed or receive exposure knowing a person could pick him out of a police line-up.

Photocopy/photograph their driver’s license. Legitimate clients do not mind you copying/photographing their driver’s license. We freely show our license to the clerk at a grocery store when we write a check. We can expect identification from our client before we show a home worth hundreds of thousands of dollars.

Work smart and stay safe!

Tags: Ohio Safety Series, safety

Congratulations to our Round 1 “Board vs. Board” winners…the fight begins anew!

Ohio REALTOR Board vs. Board

Pete Kopf, Ohio REALTORS President

Ohio’s REALTOR community responded to the profession’s most important “Call For Action” ever — one focused on keeping incentives to home ownership in the tax reform package — in a big, big way. Overall, we achieved a record-setting response rate of 24.41 percent.

I would like to extend my personal gratitude the following 18 local Boards/Associations that have surpassed their 20 percent participation goal: Ashland, Coshocton, Delaware County, East Central, Guernsey-Muskingum Valley, Heartland, Knox County, Lake & Geauga Area, Licking County, Marietta, Marion, Midwestern Ohio, Portage County, Springfield, Stark County, Toledo Regional, Wayne-Holmes, and West Central.

Congratulations, as well, to the following “Board vs. Board” category winners in our first-ever internal competition: Toledo Regional (Metro); Stark County (Large); Licking County (Medium); and Ashland (Small).

Our collective voice helped positively influence tax reform in some key areas. Notably, both the House and Senate agreed to maintain deductibilty of state and local property taxes up to $10,000, and to maintain Section 1031 tax-deferred exchanges in their present form for real estate investments. Progress to be sure…but there is still work to do.  That’s why our National Association of REALTORS has launched a new “Call For Action” to continue exerting effort to encourage Congress to help make “tax reform” more favorable to home owners and consumer.

Click here to tell Congress to protect middle-class home owners!

Again, I greatly appreciate the ongoing effort by Ohio’s REALTOR community to protect the American Dream. Our voice has never been strong and I urge you to continue speaking up as we continue the fight for Ohio’s home owners! Below are the final standings for Round 1 of the “Board vs. Board” competition:

Metro Boards (1,200+ members)

  1. Toledo Regional Association — 28.56%
  2. Cincinnati Area Board — 18.85%
  3. Columbus REALTORS — 18.38%
  4. Dayton REALTORS — 16.22%
  5. Akron Cleveland Association — 16.01%

Large Board (450-1,199 members)

  1. Stark County Association — 24.49%
  2. Lake-Geauga Area Association — 23.93%
  3. Firelands Association — 19.71%
  4. Butler-Warren Association — 19.31%
  5. Medina County Board — 19.11%
  6. Youngstown Columbiana Association — 13.0%

Medium Boards (200-449 members)

  1. Licking County Board — 34.96%
  2. East Central Association — 29.75%
  3. Midwestern Ohio Association — 28.35%
  4. Portage County Association — 27.64%
  5. Springfield Board — 26.61%
  6. Wayne-Holmes Association — 22,28%
  7. Guernsey-Muskingum Valley Association — 23.08%
  8. West Central Association — 22.75%
  9. Lorain County Board — 19.54%
  10. Scioto Valley Association — 16.67%
  11. Northwestern Ohio Board — 16.36%
  12. Lancaster Board — 15.32%
  13. Warren Area Board — 14.83%
  14. Southern Ohio Association — 14.36%
  15. Mansfield Association — 12.35%

Small Boards (under 200 members)

  1. Ashland Board — 100%
  2. Marietta Board — 45,24%
  3. Coshocton County Board — 44.83%
  4. Knox County Board — 30.95%
  5. Heartland Board — 26.54%
  6. Marion Board — 26.23%
  7. Delaware County Board — 24.29%
  8. Ashtabula County Board — 19.18%
  9. Beaver Creek Area Association — 18.33%
  10. Athens County Board — 17.31%
  11. Highland County Board — 16.39%
  12. Greater Portsmouth Area — 16.18%
  13. Clinton County Board — 14.81%

Help your Board/Association! Help middle class homeowners! Help save the American Dream! Make your voice heard by clicking here!

 

Tags: Association news, politics

Free webinar on how to deduct your home office and everything in it!

free webinar

Ohio REALTORS are invited to participate in a free webinar offered by our partner, Taxbot, scheduled for Wednesday, Dec. 13, 10 a.m.

There are a lot of myths about the home office…a lot of people have heard the rumors and don’t know what to believe. For example, there is a myth that a home office deduction can trigger an audit…

That may have been true 30 years ago but it certainly is not the case today and we will show you the proof on the webinar! The second reason is…

Most accountants only claim the BASIC home office deduction. Accountants and tax filing software simply ask a few questions about your home office. Then they file your taxes with the basic deduction. But there is a lot of moving parts to the home office that can blossom into bigger deductions. Unfortunately, neither the accountant nor the software teach their clients about the bigger opportunities.

If you want to get the most out of your tax return you need to be proactive and learn a thing or two about taxes yourself. On this webinar we will show you simple things you can do today to qualify for a bigger home office deduction.

Let us show you how small decisions can determine the scope and size of your savings potential. Maximizing your write-off is easy, you just need someone to show you what is possible and how to do it. And who better to show you than a former IRS attorney and best selling tax author.

You will learn:

•5 different ways you can qualify for the home office deduction — even if you’ve been told you don’t qualify in the past.
•The “Blueprint Magic Trick” — How one customer used the blueprint of their home to increase his tax savings by 25 percent with no extra work!
•How to make more of your income qualify for a lower tax rate by setting up your home office properly.
•The tactics used by the IRS to disqualify your home office and how you can pro-actively set up your office to make them happy.
•The strange way that a legitimate home office unlocks significanly more deductions for your vehicle!
•How to deduct the stuff IN your office including furniture, art work, lamps, computers, and more! Plus – learn how to deduct these things twice. That’s right deduct them two times!

And much more!

Your instructor on the webinar will be Sandy Botkin, one of the co-founders of Taxbot. Sandy is a CPA and a tax attorney. He used to work for the IRS training other tax attorneys on the tax code. He left that job to pursue his passion of helping self-employed people realize that they are unknowingly overpaying their taxes.

 

Click here to register for this special, free webinar on Dec. 13, 10 a.m.

Tags: Association news

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