Several of our Pinellas International Council members attended this trade show at the end of May in Toronto. There is a possibility that our PRO Association will have a booth at this show next year. Our members that attended this show were able to see firsthand what Realtor®Quest had to offer. This show is one of the largest real estate trade shows in Canada. It offers Realtors the ability to interact with parliament and senior government leaders, network with other Realtors from around the world and learn about new technologies solutions as well as the ability to development lasting relationships with our friends in Canada. There were over 250 exhibitors in this year’s show. Next year’s show will be May 29-30, 2019. The Pinellas International Council will continue to update our members as to what our association will be doing for next year’s show in Toronto. You can always follow us on the PIC Facebook page for all of our updated information: facebook.com/PinellasIC

Photo is from the June International Marketing Session on Canada. Thank you to Martha Vasquez, Monda WIlliams and Paul Hendriks, the PRO Affiliates and all the attendees. Great information was shared from them which they had obtained from attending Toronto’s Realtor Quest. More photos on are shown on Facebook

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Buying your first home is a big step! It’s wonderful to dream dreams, and it’s easy to get swept up in the excitement of searching property sites like realtor.com. Before going too far, however, it’s a good idea to hit the “pause” button and consider these more serious points.

1. Know when the time is right. Do some soul searching and make sure you want to buy a home because you genuinely want a home—not because you need an investment or simply think it’s “time” to settle down. Homes require a great deal of time, money, and energy to purchase and maintain. You want to love your home. If the timing isn’t right, you may regret the decision.

2. Review your credit score and get a credit report. You can (and should) request a free report once a year, at annualcreditreport.com. Review your report for any inaccuracies or disputes. It will take time to fix any issues, so start early.

3. Address any weaknesses in your credit history. If you have outstanding credit card or other consumer debt, start paying it off. If you are debt free but have very little credit history, you may need to start establishing a solid credit record. Important caveat: Do not apply for a new line of credit or a credit card if you plan to buy a house right away. Mortgage lenders are interested in a borrower’s well-established track record but may view a new credit line as a “red flag.”

Once you’ve been extended credit, use it and pay it off every month to establish a good record of managing credit obligations and debt. Don’t close old accounts, since they are a part of your history. Instead, use them occasionally – paying them off in full, so they remain active. To show credit worthiness, it’s best to have three or four open accounts, in good standing.

4. Start saving. Buying a home requires saving for a down payment on the purchase price. The more you save towards a down payment (in terms of a percentage of the purchase price), the better your mortgage terms can be. You also need to save money for closing costs. Many first-time buyers are not financially prepared for the cash required at the closing table. Closing costs vary, but on average, you can expect to pay between two and five percent of the purchase price of the house.

Working with your banker to set up a savings plan will help foster a good relationship and may provide a valuable resource when you are ready to apply for a mortgage loan. Let your banker know your plans and your timeline, and ask for their advice on preparing, financially, to purchase your first home.

5. Recognize the responsibilities. Your living costs will probably increase when you shift from renting to owning a home. You will no longer be able to call a landlord when something goes wrong. You are now the landlord, and will have to fix, or pay to repair, anything that goes wrong. Aside from household systems (air conditioning, heat, plumbing, electrical), you may also need to buy or replace major appliances. But the home will be yours-the rent won’t go up unexpectedly or have to mve because they property is now for sale.

The cost of insuring a house is also much higher than renter’s insurance because you aren’t simply insuring the contents of the house—you’re also covering the structure and any liability for visitors who may get hurt while on your property. Additionally, you’ll have to pay property taxes, which is a pretty hard hit for any homeowner, but can be especially challenging for new owners.

6. Get educated. Before you begin looking at houses, educate yourself about the buying process, what to expect, and what to avoid. Do your homework before you start looking to be an informed consumer.

7. Interview buyer’s representatives. Buying a house is a big deal, so you’ll want to select a qualified real estate professional to represent you in your transaction—someone who is both knowledgeable and will look out for your interests.

As a first-time buyer, you may not know there are differences in buyer’s representatives. If you select an Accredited Buyer’s Representative, you can be assured you’re working with someone who has received special training in representing buyers and has already established a track record with buyers. Find out who serves your area.

Once you start the home search, please don’t make any major purchases. No cars, no music systems, no appliances, no vacations, etc. They can change your income to debt ratio and can keep you from getting the better interest rate or even qualify for the loan. I once had a couple who were so excited about purchasing their first home that they bought a washer & dryer 3 days before closing. It almost cost them their dream. Luckily, the store let them put the washer & dryer on hold for 3 days until after closing. So they did move into their first dream home.

My heart goes out to everyone in Annapolis-my hometown 😢.

 

As a festival that brings nearly 200,000 people to St. Pete every year, St. Pete Pride‘s commitment to No Straws St. Pete means a great deal. It’s just the latest in a number of impressive commitments to the movement which is growing, not only in St. Pete, but across Tampa Bay.

https://ilovetheburg.com/st-pete-pride-commits-to-no-straws-movement/

“How can we call ourselves St. Pete Pride without having pride in St. Pete,?” said St. Pete Pride board member, J. Aller. “For us as a board, it just made sense to align ourselves and the event with ‘No Straws St. Pete.’ We love our beautiful waterfront city and have a responsibility to help keep it pristine for years to come. Each beverage and food vendor was asked and strongly persuaded to refrain from freely giving straws to parade and festival goers. If a vendor agrees, they will be given a plaque to display their participation.”

The news comes on the heels of recent commitments by the newly opened Lucky’s Market as well as all three Hooters locations in St. Pete and follows the support of other major events including Run Fest St. Pete. While we’ve aimed to keep tabs on all of our partners, we’re learning new ones daily that have simply committed to the idea of making straws available only on request.

At a recent committee hearing at City Hall, councilwoman Wheeler-Bowman cited the movement’s impact on businesses saying she didn’t get a straw with her drink at a recent trip to Joey Brooklyn’s Pizza.

Pete Boland, owner of The Galley, commended the movement’s impact on the consumer saying guests are specifically requesting “no straw please” with their drinks.

As we have said all long, our partners are capable of educating the public simply by making the commitment. With thousands of people descending upon St. Pete for Pride, the impact of their commitment will be felt immediately.

That’s great news for our planet and the Burg, indeed.

https://ilovetheburg.com/st-pete-pride-commits-to-no-straws-movement/

Thank you to Carlos Fuentes, all of the attendees, the Pinellas Realtor Affiliates and Pinellas Realtor Organization for a great CIPS Americas course yesterday! The course was packed with a tremendous amount of useful information for anyone planning to conduct Real Estate business in Canada, Mexico, Central and South America. Carlos not only teaches the class but also adds so much personal experience. Historical and cultural influences, regional relationship, and investment opportunities were covered along with a special focus on Mexico.

Source: Some countries trying to slow Chinese investors

CIPS Americas June 15, 2018 Carlos Fuentes

 

The Certified International Property Specialist (CIPS) course on the Americas offers you practical information on working with Caribbean, North, Central and South American investors.  Historical and cultural influences, regional relationship, and investment opportunities are covered along with a special focus on Mexico.

SCHEDULE:
8:00 a.m. to 8:30 a.m.: Sign-in, networking, and breakfast
8:30 a.m. to 5:00 p.m.: Course, Light breakfast and lunch will be provided.

Seating is limited and registration is required. You MUST register in advance. Earn 7 hours of CE credit while gaining invaluable knowledge.

***This course is one of the courses required to earn the prestigious Certified International Property Specialist (CIPS) designation. The CIPS Network comprises 2,500 real estate professionals from 50 countries and is the specialty membership group for global business practitioners of the National Association of Realtors®. The CIPS® designation prepares Realtors® to service the growing international market in their local community by focusing on culture, exchange rates, investment trends, and legal issues. Click here for more information about CIPS and the requirements to earn this prestigious designation.

Our second is event is our monthly International Marketing Session. Seating is limited so you MUST register in advance. Thank you.

Cloudy view between Blind Pass & Devils Elbow, St Pete Beach, Florida. Love the view & the names!

Tampa area’s first-ever Certified Commercial Investment Member (CCIM) Global Real Estate Symposium on July 10, 2018 at the Hilton Garden Inn Tampa Suncoast Pkwy in Lutz!

Anyone who has an interest in investment real estate, particularly learning the current appetites of international buyers, is encouraged to attend.  Participants will learn why those “in the know” expect international buying activity to continue to increase and these attendees will become versed on how to overcome unique challenges when working with international investors.

We have a great line up of speakers you won’t want to miss! Through the end of today, the rate for attendees, is $45 for the all day event, including food. It goes up to $65 after that.

Feel free to send this link to anyone who may want to attend: https://www.flccim.com/events/west-coast-district-global-commercial-real-estate-symposium

Annalisa Weller, Realtor®, Certified International Property Specialist

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  • ‘Welcome’ to all our new members who joined us in June July 2, 2018
    The Pinellas REALTOR® Organization would like to welcome all of our new REALTORS® who joined us in June! We are happy to have you as a part of our organization and wish you much success in your careers. Allen Collins Realty Inc Joel Morris Andrew Binder Andrew Binder Barkett Realty Florian Santana Barkett Realty Thomas  […]
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  • Local wire fraud attempt July 2, 2018
    We received a call from a Realtor member who shared her experience with wire fraud attempt. She received four offers on a property. Someone hacked into her email and was sending emails from it, acting as her, with very suspicious language. Three contracts were sent to her with requests to wire tens of thousands of […]
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  • Florida has a new team advertising rule June 25, 2018
    The team ad regulation, 61J2-10.026 Team or Group Advertising, is as follows: 61J2-10.026 Team or Group Advertising. (1) “Team or group advertising” shall mean a name or logo used by one or more real estate licensees who represent themselves to the public as a team or group. The team or group must perform licensed activities […]
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  • May 2018 Pinellas County Real Estate Statistics June 21, 2018
      Click here to view Pinellas County Real Estate Statistics for May 2018 to see what the numbers tell us about the market.
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  • PRO COO Katie Shotts goes to Hernando County Association of REALTORS as CEO June 18, 2018
    PRO Chief Operating Officer Katie Shotts, RCE, e-PRO was selected as the next Hernando County Association of REALTORS CEO. Katie has ten years of experience in the REALTOR family, including 7 years at the 3,200-member Memphis Area Association of REALTORS and 3 years at PRO. She was the Communications Director and staff exec for the […]
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