Prepare your client's to take action now!

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Wishing a Happy Birthday to : Gautam Satyamurty today on May 13th,  Michael Eicher on May 14th, & to Jaime Kirnos and Lisa Anderson on the 19th!!!

Happy Birthday Song

http://www.youtube.com/watch?v=xVzIGMqRznk

The Virginia General Assembly enacted a landmark transportation law (HB 2313) to raise new revenues to pay for transportation initiatives across the commonwealth, with an emphasis on funding capital projects in the Northern Virginia and Hampton Roads areas of Virginia. The law was ratified by the House and Senate on April 3, 2013.

Effective on July 1, 2013, transferors of real estate located in Northern Virginia and Hampton Roads* will be subject to an increase in the grantor's tax from 0.10% to 0.25% of the applicable purchase price, exclusive of the value of any encumbrance.  Currently, the grantor's tax on transfers of property is $0.50/500.00 ($1.00/1000) this new statute imposes on the grantor an additional $1.50/1000 of value (or consideration, whichever is higher).  The result is a total grantor's tax of $2.50/1,000.

Therefore, on a conveyance where the consideration is $600,000.00, the grantor's tax was $600.00.  As of July 1, 2013 the grantor's tax will be $1,500.00. The increase is styled as a "Regional Congestion Relief Fee."  The increase does not affect the recordation tax applicable to mortgages.

According to the Commonwealth of Virginia Department of Taxation, the Northern Virginia Area is defined at Arlington County, Fairfax County, Loudoun County, Prince William County, City of Alexandria, City of Falls Church, City of Manassas and City of Manassas Park. This will also include any incorporated towns which lie within the four counties (i.e. Leesburg, Herndon, Vienna)

The Hampton Roads area is defined as a Planning District which, as of January 1, 2013, has a population of two million or more, and has a total transit ridership of not less than 50 million riders per year.

This change will not affect my friends on the lending side, but I still wanted to make sure you were aware of this. Those that are listing real estate agents will need to let their seller's know of this increase.

This increase to the Grantor's tax in order to raise revenue for the transportation department was attempted before in 2008 and was short lived. That bill increase the tax from .1% to .5% and after six months it was determined unconstitutional and was returned to .1%. So here we are at round two. As I get more details about this change, I will make sure to pass them along. If you have any questions about this new tax increase, please feel free to contact me, I am happy to be of service.

BOLD Info

click here:

http://www.kw.com/eventReg/secure/user/GetEvent.do?eventId=6285

 

Join us for the FREE FIRST STEP TO BOLD:

Wednesday, May 29, 2013 from 8:30 AM - 3:30 PM Eastern Time

FSTB LOCATION:
Doubletree Hotel by Hilton
300 Army Navy Drive
Arlington, VA 22202
Phone: 703-416-4100

COACH:
Wayne Salmans

 

ARE YOU READY TO ROCK YOUR REAL ESTATE CAREER?

COULD YOU USE MORE LEVERAGE IN YOUR BUSINESS?

WOULD HAVING MORE LISTINGS AND SALES WORK FOR YOU?

ARE YOU READY TO INCREASE YOUR ABILITY TO INFLUENCE?

Hello KW superstars....way to start out 2013 with a bang!!!

There is a section on the Reston Intranet under Market Center, Documents called Mclean Mortgage.  In this section there is a document that lists the financial documents needed form borrowers. This is the "meat" of what they will need...so if you get them thinking about this early...then they will most likely be more organized in the process. The earlier the get to me the more easily we can make aggressive delivery dates.

Please let me know what you need to help your business grow...

Together with Champion Title we are really looking forward to helping you have your best year yet!!

Best number is 571 308 4009....Call/text/email...

Have a great weekend!

Joe

• 5/13/2013 - New Agent Monday - Ignite Your Productivity with KW Technology

KWU's course "Ignite" has a single objective - to propel agents into immediate productivity. Ignite was also developed with KW Technology in mind. This webinar series will show you how to put Ignite's models and principles into practice using KW Technology.  
THIS WEEK'S TOPIC:  Strengthen Relationships with 33 Touch

• 5/14/2013 - FOR AGENTS: myTransactions - Change is Coming, Get Ready!

Coming this month, everything you love about myTransactions is about to get a whole lot better. Join this webinar to see how it will be even easier to connect people, documents, and tasks, all in one place.

• 5/14/2013 - Your Mobile Buyer Presentation

Today's real estate buyers expect information instantly at any time, from any place. Your buyer presentation is the perfect opportunity to establish yourself as the best agent to help them find the best home, at the best price, in the least amount of time with the latest mobile technology.

• 5/16/2013 - FOR AGENTS: myTransactions - Change is Coming, Get Ready!

Coming this month, everything you love about myTransactions is about to get a whole lot better. Join this webinar to see how it will be even easier to connect people, documents, and tasks, all in one place.

• 5/16/2013 - Market Your Mobile App

The Keller Williams Realty Real Estate Search app is coming this Spring! Start planning now to leverage this app in your marketing strategy to help promote you, your services and unique brand.

Please give our vendor partners an opportunity to serve your clients.  They'll make you look like a rock star!

Champion Title:    Ryan Koppel     703-517-4244

McLean Mortgage: Joe Lucas 571-308-4009

HMS Home Warranty: Ron Nocera 800.843.4663 x311

Old Republic Home Warranty : Molly Flory 800.282.7131 x1428

Three Strong Brands- One Powerful Company!

OUR MISSION

·         Build Careers Worth Having

·         Businesses Worth Owning and

·         Lives Worth Living    

~ 3E is the "trademark" of our office.  Your Staff, ALC and fellow agents are focused on and committed to creating the best Real Estate office in North America- right here in Reston!  The 3Es describe what that 'best office' looks and feels like- It is an office filled with ENERGY, it's agents are focused on EXCELLENCE, and they are ENGAGED with the office on a daily or weekly basis.  Help us spread the word... it can't happen without YOU!