I just returned from the Capitol Conference and Business Meetings for Missouri Association of Realtors.
There are many challenges that we are facing with real estate in our communities. One that stands out in my mind is the city of Pagedale. Did you realize that if your curtains don't match in the front windows of Pagedale you can be fined? Or if there is a basketball goal on the driveway you can be fined?
Our lobbyist for the Realtor organization is working hard to change these laws. This is the tip of the iceberg. There are many other battles the Realtors fight each year. In recent years we have won the fight for eliminating a transfer tax. Missouri is one of a few states that still does not have a transfer tax. What is a transfer tax? A transfer tax means when you sell your home you may have to pay a tax of 3-8% to the government, just to sell your home.
We are focusing now on fighting the elimination of future campaigns to tax services. Not just real estate services but, salon services, cpa services and any other service that you currently do not pay sales tax on. We are already taxed to death it's time to take a stand for no more taxes! Stay tuned for more on this in the near future. NAR (National Association of Realtors) has funded this campaign to the tune of 2.5 million to help MO win this campaign.
Rhonda Overberg, RE/MAX Best Choice, www.overbergteam.com
As a 29 year real estate broker-veteran I can ALMOST say I've experienced about everything possible in the real estate world.
Over the years of running my own company, an independently owned franchise of RE/MAX I've had a handful of real estate agents go out to open their own offices, many agents retire, and a handful go to competing companies.
I'm the type of broker who never tries to talk an agent into or out of what their dreams are. I've always been supportive of those wanting to open their own company and have even offered advice and help after their departure from my company. I'm a true believer in "If you help enough other people get what they want you will get what you want." (Thank you Zig Ziglar, those words have been my basis of success my entire life).
Since I don't try to talk an agent out of a change at the time they are in the midst of it I thought now would be a great time to post some thoughts for all agents to consider.
First and foremost, if you as an agent are contemplating a change go to your broker before you've made that decision and tell them. Ask for their advice. Gather advice to help you make a decision. If you are afraid to share the info with your broker in fear that they will not receive it well and throw you out the door then you are with the wrong broker to begin with, and your decision may be warranted.
However, if you are with a reputable company and a broker who is respected in the industry then talking with the broker about your thoughts and plans could save you a lot of grief and dismay.
For example, let's say you are planning a move to a small independent company because they are offering a unbelievable high split. Things to consider: the small independent has nothing more to offer but a higher split. But, consider what is being left on the table. For instance, besides all of the obvious, i.e. such as National Branding exposure of your listings to millions of viewers, consider the legal aspects too.
What do I mean? Error and omissions. As a 29 year broker, experience is invaluable in this business. Having the knowledge and ability to avoid legal problems is very important in real estate. Small independents may not carry the e & o coverage that can protect your personal life savings if you encountered a claim. Nor may a broker in this position have the knowledge or expertise to help you. A good rule of thumb is how many agents trust their livelihood to that company, how many agents have been there long term?
This is the tip of the iceberg, I'll save more for later, the moral of this story is the grass isn't always greener on the other side but sometimes it is. If I can answer any questions for you feel free to call me at 636-931-76553 or 1-866-9631-7653.
-Rhonda Overberg, BROKER-OWNER, RE/MAX Best Choice St. Louis, Festus, Farmington Missouri www.overbergteam.com
My life has been a diary for the last several years, I wish I would have written it down!
I recall many plateaus, many valleys and many summits over the last few years when the market was going through such a turbulence. Prior to 2008 I thought I had seen it all in real estate and I thought I knew everything there was needed to know.
Boy or boy was I wrong, then came foreclosures flooding the market and short sales, from late 2008 through mid-2012. That doesn't look like a long time but after building a 2.5 million dollar building and opening a third Franchise each day seemed like eternity. Working from 6 am till 3 am many days with 3-4 hours' sleep, I'm sure this is what made me fat, I read this in the magazines all the time, not enough sleep puts on weight!
Fast forward to June 2012. The market started its turn for the better, 2012 finished fairly strong that year. 2013 was right about the same and 2014 picked up even more. 2015 ended as our best year ever, and yes we still own the building we built in 2008. By God's mercy I might add and a lot of Faith and a lot of hard work too.
I wanted to share this information because the market in the Midwest is stronger than I can ever remember seeing it. I began my career in 1987 so I have a long track record in this business. After finishing an open house today with a home priced at $469,000 in a very private setting and not having any break between customers walking through I believe this is the sign that we are in a boom year. Not to mention how busy I see our agents this year already. Oh and I forgot to mention foreclosures are at a 1/3 of what they were at their peak.
Prices are coming back and new construction is poised to increase rapidly. If you are thinking about buying I cannot be more sincere in saying the bottom of the market is past and there is one way I believe we will see it go for the next several years. I'm taking my own advice I might add, and made sure both my sons' ages, 23 and 25 have purchased homes.
If we can ever be of service to you if you are looking to buy or sell, contact Jerry or Rhonda Overberg at 636-931-7653 for the Overberg Team. www.overbergteam.com
Rhonda Overberg-BROKER/Owner, RE/MAX Best Choice