info@cbfunkhouser.com   - Contact Us - E-mail Us- Contact Us -Click Here for Help! Coldwell Banker Funkhouser Realtors     Serving the Shenandoah Valley
Coldwell Banker Funkhouser RealtorsColdwell Banker Funkhouser Realtors
Archive for April 2010

Joe Funkhouser Appointed to Governor's Commission

Joe Funkhouser, President of Coldwell Banker Funkhouser Realtors, has been appointed to the Virginia Economic Development and Jobs Creation Commission. 

As reported by the Virginia Business magazine, "The commission was McDonnell's first executive order, which he issued the same day he was inaugurated. The commission is charged with developing a plan to encourage business investment and create jobs in the recession's aftermath.The commission will first meet in May and deliver its report to McDonnell in October."

Other Commission appointees include Lt. Governor Bolling, the former CEO of Circuit City, Chairman of CarMax, President of the Virginia Biotechnology Association, Director of Workforce for Northrop Grumman, President of the Virginia Biotechnology Park and others.



dnr_article_1

















Read the full story: 
Virginia Business: http://www.virginiabusiness.com/index.php/news/article/mcdonnell-appoints-64-members-to-development-and-jobs-commission/
Washington Post:
http://voices.washingtonpost.com/virginiapolitics/2010/04/post_675.html
WHSV:
http://www.whsv.com/news/headlines/91546379.html
Richmond Times Dispatch:
http://www2.timesdispatch.com/rtd/news/state_regional/state_regional_govtpolitics/article/MCDO20_20100419-222003/338565/


New Lead Based Paint Regulations In Effect Today

EPA Issues New Regulations for Renovation, Repair and Painting Activities

Under the Residential Lead-based Hazard Reduction Act of 1992, Congress required EPA to develop regulations to address renovation, repair and painting (RRP) activities in single and multi-family housing built before 1978. The purpose of the new rule is to reduce children's exposure to dust containing lead paint created during the course of these activities. This rule goes into effect on April 22, 2010.

These rules require contractors and renovators to get trained and certified in EPA's new lead-based paint work practices. The rules apply only to licensed contractors – do-it-yourselfers will still be able to do RRP work on their own without being trained or certified and without getting fined.

View the National Association of Realtors Video:
http://link.brightcove.com/services/player/bcpid24483161001?bctid=24522351001


Key Points - Impact on Real Estate Professionals

Compliance responsibilities for real estate professionals under this new rule are minimal. However, real estate professionals with some property management activity and property managers may face some additional compliance activities.

There are no new disclosure compliance responsibilities, no new forms, or revisions to the existing disclosure forms. If any testing is done associated with any Renovation, Repair and Painting (RRP) activities, the results of that testing must be disclosed.

- The bulk of responsibility to comply with this new rule rests with contractors and remodelers. They must be trained and certified by EPA to conduct the new lead paint safe work practices while performing RRP activities in pre-1978 housing, by April 22, 2010.

- Only trained and certified contractors should be recommended to clients.

- For Realtors who also have some property management in their portfolio: if they do the RRP work themselves for properties that they manage, they need to be trained and certified in the new lead-paint safe work practices. If they hire outside contractors to conduct this RRP work for them, these contractors must be trained and certified.

- For property managers: in-house workers who perform RRP activities must be trained and certified in the new work practices. If they hire outside contractors to conduct this RRP work for them, these contractors must be trained and certified.

- All workers must be trained to comply with the new rules on April 22, 2010. Workers will not be "grandfathered in" if they are in the middle of a RRP project. Work on the project must stop and all workers must be trained before work can continue.

Exemptions: These rules may be waived under the following conditions:

  1. The home or child occupied facility was built after 1978.
  2. The repairs are minor, with interior work disturbing less than six sq. ft. or exteriors disturbing less than 20 sq. ft.
  3. If the house or components test lead free by a Certified Risk Assessor, Lead Inspector, or Certified Renovator.
  4. If the property owner is conducting the RRP work themselves.

For additional information on this new rule, please go to http://www.realtor.org/government_affairs/lead_paint_main


The Race To The Finish Is On!

Buyer activity in our local market is high as the race is on to contract prior to the April 30th Federal Tax Credit  deadline.  In conversations with local real estate professionals and home inspectors, it is estimated that as much as 40% of current buyers are in the market to take advantage of the tax credit. 

Some buyers think this tax credit will be extended once again.  The National Association of REALTORS has formally stated that April 30th will be the conclusion and buyers should not expect another extension. 

If you or someone you know is interested in buying a home, this week may be your best opportunity!  Give Coldwell Banker a call to view available homes and let us guide you through the process to take advantage of the expiring tax credit.

With historically low interest rates, high home invetory levels and the advantage of the tax credit, NOW is the time to buy!



Search by Street Address Search by MLS Number Search by Realtor Collapse the masthead Coldwell Banker Funkhouser Realtors Coldwell Banker Funkhouser Realtors Visit My Blog