The town of Barnstable launched the Hyannis Homebuyer Assistance Program late last week, taking action to stabilize neighborhoods by helping low and moderate income homebuyers. The program consists of interest-free loans of up to $75,000 each. These loans are available for qualified applicants to purchase a home in the village of Hyannis. The first phase of the program [...]
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I represent the seller in a deal that fell through due to an unfavorable home inspection report. Do I have to disclose to future prospective purchasers the reasons why the original buyers backed out? Most likely, yes. Attorney General regulations explaining Chapter 93A provide that it is a violation when an agent, “fails to disclose to [...]
Reminder As of October 4th, there will no longer be a FlexMLS fax-in option. Please scan and upload documents to the system directly, email a copy to email@example.com, or fax a copy to 508-437-7948. What’s the Difference Between a Subscription & the Portal? Definition of a Subscription: A Subscription is a way to send [...]
It can be a difficult situation if you are dealing with a seller or potential seller who is unsure if the permits for finishing their basement were obtained. Here are the basics of the legal and ethical considerations REALTORS should consider when advising their seller and your requirements for disclosure: The State Building Code requires [...]
Listing Agreement Upload Agents who uploaded listings between the dates of March 6, 2017 and March 31, 2017 will want to be sure that they have uploaded a listing agreement. During this time-frame we had to deactivate the requirement for document upload while Flex transferred the appropriate documents from our previous MLS software. If you [...]
WASHINGTON (September 18, 2017) – Despite being in the prime years to buy their first home, an overwhelming majority of millennials with student debt currently do not own a home and believe this debt is to blame for what they typically expect to be a seven-year delay from buying. This is according to a new [...]
Are you using reverse prospecting? Members may now email agents directly from the Reverse Prospecting screen, the recipient's email will include their contact's contact information. This will help you save time when receiving a Reverse Prospecting email: you can see which of your contacts have searches that match the listing before running Match Contacts. Only [...]
WEST YARMOUTH, MA—(September 14, 2017) According to preliminary data released last week by the Cape Cod & Islands Association of REALTORS® (CCIAOR), 482 homes sold in August; 367 single-family homes and 115 condominiums. Median sales price was $396,000 for single-family homes and $267,500 for condominiums. Last August, 474 homes (382 single-family homes and 92 condos) [...]
Fax-In Service Being Discontinued The FlexMLS Document Fax-In service has had waning usage over the last year, so FlexMLS has decided to discontinue it on October 4, 2017. Agents currently using this service should plan to use alternative tools, such as scanning the documents or using a mobile phone to create images or PDFs of [...]
New Flex Features: Contingent Options We have added the Contingent Option chosen to the Detail tab and report view of listings. We have also added a yellow box with a red C next to the Contingent status, which when hovered over will display the option chosen for the contingency. Lastly, we have add Contingent Option [...]