Suburban West Realtors Association
Suburban West Weekly
February 20th, 2019
IN THIS ISSUE
Local Market Statistics Reports
Published for January

Seller Disclosure Exemptions

Upcoming Agreement of Sale
MCE Classes Scheduled
 
Starbucks Seminar on Real Estate
Photography Coming in March

Fight Over Eminent Domain in
Lower Merion School District

Calendar of Events 
 



Local Market Statistics Reports Published for January

Suburban West, in partnership with Bright MLS, offers monthly dashboard style statistics reports for Berks, Chester, Delaware and Montgomery counties and Philadelphia. Even more unique are these same reports for every district in Chester and Delaware counties and select districts in Berks and Montgomery counties. These reports are vital to keep yourself knowledgeable about market trends and to demonstrate to buyer and seller clients the most up-to-date and accurate local housing information available.

Seller Disclosure Exemptions

Pennsylvania's Real Estate Seller Disclosure Law provides for 10 exemptions. These are listed on the first page of the PAR Seller Property Disclosure Statement (Form SPD) More important than WHO is exempt is understanding to WHAT the exemption applies. Seller Disclosure law states:
"Any seller who intends to transfer any interest in real property shall disclose to the buyer any material defects with the property known to the seller by completing all applicable items in a property disclosure statement which satisfies the requirements of section 7304 (relating to disclosure form). A signed and dated copy of the property disclosure statement shall be delivered to the buyer in accordance with section 7305 (relating to delivery of disclosure form) prior to the signing of an agreement of transfer by the seller and buyer with respect to the property." (Section 7303 Disclosure of Material Defects)
The exemptions apply to the completion of a seller disclosure FORM. Sellers, even those exempt from completing a seller disclosure form, have an obligation to disclose known material facts about a property.

Learn About Recent Changes to the Agreement of Sale at Upcoming MCE Classes

The Agreement of Sale is one of the most important standard forms that licensees utilize in their business. On January 1st, revisions were made to the form so that it continues to best minimize risk for all parties involved in the real estate transaction.

To help licenses best stay up-to-date on these changes and more, the Association of REALTORS School is excited host an all new Agreement of Sale continuing education course that provides 3.5 hours of PA 18-20 Real Estate license renewal credit. Upcoming dates for this $45 course are:
Focusing on new, revised and often misunderstood content in the PAR Agreement of Sale, students taking the Agreement of Sale course will come to understand the value of a properly written and thoroughly understood contract to the success of the transaction.
Click here to register online (once logged in, access the Events tab and then click "Upcoming Classes") or call 610-560-4900 to register by phone.

Starbucks Seminar on Real Estate Photography Coming in March

Pictures are an integral part of real estate and the higher quality of the photos the better it is for the listing. Our upcoming Starbucks Morning seminar, The Many Faces of Photography (March 13; 10:00 a.m. - 11:30 a.m. at SWRA, Malvern), will feature a presentation by Chris Crummitt of Picture Perfect, LLC where she'll discuss how to showcase your listings in the best possible light through a variety of camera options. Chris will educate you on the different options for camera and lenses, and will help you understand what F-stop and and ISO mean and how they affect your picture. Also, Chris will cover:
  • DSLR- Digial single-lens reflex camera
  • F-stop, ISO, Shutter speed - what does it all mean?
  • Matterport 3D Cameras
  • Walkthrough videos - frame rate, 4K vs. 1080, Zillow
  • The ins and outs of Aerial Photography - licensed and insured, not for every property, no fly zones
  • Twlight Photography
Chris will also answer your questions. Don’t miss this opportunity to gain a better understanding of the various aspects and considerations of real estate photography! 
Can't make it to Malvern? We will be offering this session simultaneously as a webinar so that you can virtually attend from your home or office. Note that there will be limited interaction capabilities by attending virtually.
Click here to register (once logged in, access the Events tab and then click "Upcoming Meetings").

Land Owners Fight Lower Merion School District Over Use of Eminent Domain 

Owners of a property on County Line Road in Villanova have filed preliminary objections to Lower Merion School District's plan to take their land through eminent domain. In the filing, they accuse the district of abusing the eminent domain law by grabbing the property when Villanova University had already made an offer to purchase the site. According to the filing, an attorney for the district told the owners' attorney that if they did not agree to the school district's purchase offer, they would be without a place to live and would have to move out quickly, and their granddaughter, who lives with them, would no longer be able to attend the school district. The dispute goes back to December, when the school district announced it would use eminent domain to take the 1835 County Line Road property, along with a property at 1800 W. Montgomery Ave., to be used for playing fields for a planned middle school at 1860 Montgomery Ave. The district responded by saying it offered more money than Villanova University did and that the owners would be able to live in the property rent- and property-tax-free until the district needs the property in 2023. Source: Daily Times 2/13/2019 
For more news items from the Suburban REALTORS Alliance, click here to access the Weekly News Briefs.

Calendar of Events

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Suburban West REALTORS Association
1 Country View Road, Suite 201, Malvern PA 19355
P: 610-560-4800 | F: 610-560-4801
Association of REALTORS School
1 Country View Road, Suite 101, Malvern PA 19355
P: 610-560-4900 | F: 610-560-4801
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