A Monthly Publication of the Raleigh Regional Association of REALTORS®
March 2008 Issue
Vision Statement: "Anticipating and meeting the opportunities and challenges of our industry"
 


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November Dates to Remember

11/02 Daylight Savings Ends
11/04 Election Day
11/052008-2009 Mandatory Update
11/05 10:15am-Womens Council Meeting
11/05Elective: Sustainable Housing and Building Green
11/06 3:00pm-New Member Orientation
11/07 NAR Convention/Orlando-7th-10th
11/11 Veterans Day
11/12 11:00am-RRAR Board Meeting
11/12IDX 101 Course
11/13 Technology Wonderland
11/19 International Council Meeting ($10 Non Memb)
11/19 2:00pm-Top Producers Council
11/20 New Member Orientation
11/20Ethics in Todays Real Estate World
11/24 Editorial Submissions due for Jan.RR
11/27 Offices Closed-Happy Thanksgiving
11/28 Offices Closed-Happy Thanksgiving

 

 

Ready to throw the dice

inside scoop
By Tara Lightner and Debra Shaw
RRAR Governmental Affairs

New septic inspection rules leave inspectors scrambling
On January 24, RRAR’s Government Affairs Committee hosted Ed Duke and Kent Daeke of Wake County Environmental Services for an information discussion on the new septic inspections process and proposal for mandatory inspections in Wake County.

If you have a loyal and trusted home inspector you refer to your clients to perform septic inspections, take note. As of January 3, inspectors performing septic inspections must be certified by the state. The statute does not require all septic owners to have inspections, but it does set criteria for inspections, as well as require the inspector be certified. Certain systems, such as high pressure pump systems, must be inspected on regular intervals.

Property owners’ rights
In the name of water quality, residents from across the Triangle could see a significant erosion of their property rights. In Raleigh and Wake County alone, thousands of acres could soon be rezoned with new regulations, which some argue are unnecessary and go well beyond protecting area water supplies.

Raleigh city planners have proposed new land use restrictions for the Richland Creek Watershed, which covers more than 10,000 acres in north Raleigh.

Property owners must abide by new zoning regulations including increased buffers and strict impervious surface requirements. Individual property owners and large landowners will be severely limited with respect to additions, development and expansions to their property.

Anyone who wants to exceed the impervious surface thresholds must provide onsite storm water detention devices and show extensive engineering to justify the devices. Critics of the new proposals argue that the city's new requirements are more stringent than the state's mandate.

House of Representatives passes stimulus package
The stimulus package announced in mid-January contained important housing provisions. The National Association of REALTORS® has advocated FHA reform and increasing loan limits for Fannie Mae and Freddie Mac for some time. This provision could save home buyers with good credit between $3,000 and $5,000 per year by not forcing them into the jumbo mortgage market. This would encourage home sales and help curb the rise in foreclosures.

President Bush says such a growth package must also include tax incentives for business investment and quick tax relief for individuals. The White House is looking at rebates of up to $800 for individuals, $1,600 for married couples filing jointly, and an additional $300 for those with children.

   

 

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Archived Issues

Other Articles in this Issue

CareerBuilders
Do you know where your buyer’s information is?
Lifestyles and business magazines – Can they help sell homes?
Marketing to buyers of all ages and lifestyles
Mobile technology and you
N.C. existing home sales remain consistent
New Members For December 2007
RRAR 2008 Board Members
Staging for specific markets and for everyone
Taking photos of your event for REALTOR® Review? Here are some important photo tips.
Transfer Taxes - Don't Be Fooled
Ready to throw the dice?
Creative sales techniques
SneakPreviews
NewsMakers
From The President
CourseWorks
Triangle Community Coalition (TCC) News

Raleigh Regional Association of REALTORS®
111 Realtors Way
Cary, NC 27513

Phone: 919.654.5400
Fax: 919-654.5401