Delaware Realtors – The Voice for Real Estate in Delaware

First-Time Homebuyer’s Credit Information

Effective immediately, the First Time Home Buyers Credit provides some relief to first-time homebuyers by reducing the buyer’s portion of the state transfer tax by one-half of the one percent increase levied in 2017 by the General Assembly. A cap on the purchase price is set at $400,000, and the maximum credit that can be claimed is $2,000. First-time homebuyers who paid the full tax after August 1, 2017, can apply for a refund.

To qualify as a first-time buyer, individuals must have no record of owning a direct, legal interest in residential real estate. In addition, all first-time buyers must intend to occupy the property as their principal residence

Information on credit qualifications, FAQs, and forms can be found here. Also on that page is the number for Taxpayer Assistance.

For more information, brokers may contact the DAR Legal Hotline; instructions are here. Buyers may also contact their accountant.

Welcome to Our Newest Major Investor!

Beau Zebley

Kent County Association of Realtors

In the spirit of the Fair Housing Act’s 50th Anniversary, Senate Bill 243 was signed into law this week by Governor John Carney. The legislation allows language found to be discriminatory by homebuyers to be redacted from their deed. Sen. Margaret Rose Henry sponsored the bill, which recorded 29 cosponsors. Pictured at the signing are, from left, DAR Vice President R.T. Christopher, KCAR President Beau Zebley, Gov. Carney, DAR President Bayard Williams, DAR CEO Anne Rendle, Public Policy Committee Member M. Daniel Nelson, and KCAR Association Executive Matt Lafferty.

Governor John Carney signed HB 380 into law on August 28, enacting an exemption on the real estate transfer tax for first-time homebuyers. DAR President Bayard Williams and other members of the DAR leadership team were on hand. See the video here. Watch for details on first-time homebuyer exemption and rebates on the retroactive legislation! (Photo courtesy of the Office of the Governor).

One-Day Course

Increase Wealth with Rentals and Other Investment Properties

Nov. 7, 8:30 a.m. – 4:30 p.m.

Nobles Pond, Dover

Earn 6 DREC CE credits for Modules 6/7 and 8 credit hours toward CRS designation. Free RRC membership on registrations prior to Oct. 31.

Get details and register here.

Offered by the NJ/DE Residential Real Estate Council

New Drone Training Classes Starting up at the University of Delaware!

Click here for more information!

NAR introduces the Center for REALTOR® Financial Wellness, a new online resource designed to help REALTORS®—no matter their age, industry experience, or amount of wealth—navigate financial planning and prepare for retirement.

Mark Wahlberg, Oscar® and Golden Globe nominee and philanthropist, will speak during the general session at the 2018 REALTORS® Conference & Expo. Get all conference details here.

What do you know about the REALTOR® PARTY? Click the logo below to get the story!

Extras

Nearly 80 percent of homebuyers would choose a home based on school district rather than amenities, according to a recent survey by realtor.com.

Explore the basics of search engine optimization (SEO) for real estate pros.

Through Sept. 19, Lenovo™ is offering savings of up to 39 percent on their award-winning PCs, laptops, 2-in-1 laptop/tablet combos, and other products. Lenovo™ is a proud partner in the REALTOR Benefits® Program. Details.

Check out these tips for new Realtors to step out on the right foot from NAR and realtor.com.

NAR’s Commercial Services Accreditation program can help you gauge the services you provide to commercial members and learn where you can improve.

Are you interested in serving on a DAR workgroup in 2019? Applications are available here and are due November 16th.

55th Annual DAR Convention & Trade Show

2nd Annual DAR 302 Road to Excellence

October 4, Dover Downs and Casino

Registration Available On-Site Only!

Visit the On-Site Registration Table in the Rollins Center Lobby at Dover Downs Hotel & Casino.

A registration fee of $75 will be charged.

View the Agenda and Class Schedule here.

New This Year: Learning Labs

In the Sussex Room on the 2nd Floor Mezzanine

Take Advantage of the opportunity to expand your knowledge of dotloop and zipForm!

Learn more about Environmental Property Concerns: How Not to Lose a Sale from Sussex Environmental Consultants.

Check the conference schedule here for times!

Oct. 4, 4:30 p.m.

Dover Downs, Ballroom A

Featuring guest speakers, awards and recognition, and some surprises!

Find out who is 2018 DAR Realtor of the Year!!

And stick around for the President’s Reception at 5:30 in Ballrooms B and C for a last visit with vendors and networking with colleagues.

Pit Pass winners and the trade show Best in Show will be announced!

Special thanks to our 2018 Sponsors and Exhibitors