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March 2010 Monthly Newsletter published by the Dulles Area Association of REALTORS® Classes-Events-Meetings View it now Register now for CE/PL Classes Register now for Important Events Get up-to-date with Market Data and Charts Green Real Estate Tool Kit In this issue Top News 2009 Honor Society Inductees to be Honored Board of Equalization to Accept Online Assessment Appeals Beginning March 8 New VHDA Income and Sales Price/Loan Limits March is Green Month at DAAR! Membership Loudoun Market Watch: Blizzards and Low Inventory Dampen Sales Are you getting all the benefits of your Affiliate membership? Champion Title Becomes Gold IMP NOW is the best time to grow your business. Become an IMP Today! Opportunity's Knocking...Are You Ready? March Sneak Peek DAAR has the Cure for those Wintertime Blues Loudoun Market Watch: 2010 Home Sales Start Slow Advocacy Loudoun County Offers New Rental Rehabilitation Program Special Meeting for DAAR Members: Limestone Overlay District -Wednesday, April 21st, 2010 Real Estate Sign Legislation Provides Relief for REALTORS® and Businesses Town of Leesburg Sign Regulations Under Review Supervisors Adopt Limestone District Chesapeake Bay Regulations to impact Property Owners Mortgage Interest Deduction Under Attack From DAAR's CEO 10 Percent Member-Only Savings from Lowe's It's Getting Easier to Get a Jumbo Loan: Avg 30 year fixed = 5.79% HARP Receives a One-Year Extension VREB Appointments Sought Executive Director Search for local Non-Profit NAR Midyear Meetings Registration Open Updated RESPA Quiz for You NAR Site Connects Home Owners with REALTOR® Expertise Good Neighbor Awards Seek Entries HouseLogic Offers Smart Advice to Owners How NAR's Health Insurance Can Help You Dulles Area RE School Earn the ABR Designation - March 18-19th at DAAR March Education At-A-Glance Bring a New Level of Service to Your Clients - Earn the GREEN Designation Lunch Matters: It's Not Easy Being Green or is It? - March 3rd, 12-1:30 pm Announcements Welcome New Members! Top News 2009 Honor Society Inductees to be Honored March 10, 2010 DAAR is pleased to recognize the 2009 Honor Society Class.  Come celebrate with them as they are inducted at a reception... continue reading »»   Board of Equalization to Accept Online Assessment Appeals Beginning March 8 March 5, 2010 Loudoun County homeowners will have the ability to file appeals of their 2010 real estate assessments online beginning March 8,... continue reading »»   New VHDA Income and Sales Price/Loan Limits March 1, 2010 Now, more homebuyers may qualify for a VHDA FHA Plus or Homebuyer Tax Credit Plus loan that offers an affordable... continue reading »»   March is Green Month at DAAR! February 24, 2010 The green movement is affecting every asset class in real estate, such as office, retail, residential, hospitality, institutional, and industrial.... continue reading »»   From DAAR's CEO 10 Percent Member-Only Savings from Lowe's March 11, 2010 REALTOR Benefits® Program partner Lowe's is providing a 10 percent coupon to REALTORS® for purchase of in-stock lighting at participating stores. Your members can take advantage of the coupon by logging into their LowesRealtorBenefits.com  account and printing it out. Offer... continue reading »»   It's Getting Easier to Get a Jumbo Loan: Avg 30 year fixed = 5.79% March 10, 2010 The jumbo loan market is starting to thaw, making it easier for move-up buyers to borrow. Rates on jumbo loans of more than $729,750 in highest-priced markets rose during the financial crisis and lending standards tightened to the point where... continue reading »»   HARP Receives a One-Year Extension March 7, 2010 The Home Affordable Refinance Program (HARP), which was supposed to expire June 10, will be extended for another year, the Federal Housing Finance Agency said in a statement. Since HARP began last April, it has refinanced 190,180 mortgages. It is... continue reading »»   VREB Appointments Sought March 3, 2010 The time has come for appointments to the VREB for 4 year terms beginning in July.  There are two open terms, one term is available for reappointment to a second term.  If you are interested, review the attached from VAR. ... continue reading »»   Executive Director Search for local Non-Profit March 2, 2010 Loudoun Habitat for Humanity (LHFH) is seeking an experienced Executive Director to serve as the affiliate's day-to-day chief operating officer, overseeing its internal activities and staff while working closely with the President/Executive Committee and the Board of Directors to execute... continue reading »»   NAR Midyear Meetings Registration Open March 1, 2010 You can register for the 2010 Midyear Legislative Meetings & Trade Expo in Washington, D.C., May 10-15. Meeting information, a list of exhibitors, and registration options are available.... continue reading »»   Updated RESPA Quiz for You February 26, 2010 A 10-question quiz on how much you know about the Real Estate Settlement Procedures Act has been updated to reflect the recent revamping of the HUD-1 and Good Faith Estimate. Try out the quiz  so you can test your awareness of federal settlement... continue reading »»   NAR Site Connects Home Owners with REALTOR® Expertise February 25, 2010 In case you missed it, NAR's consumer-facing Web site for helping home owners make informed management choices about their homes is up and running. You can tap into the content on the site for their newsletters or their own Web... continue reading »»   Good Neighbor Awards Seek Entries February 24, 2010  The National Association of Realtors®is now accepting applications for the 11th annual REALTOR® Magazine Good Neighbor Awards. The awards recognize REALTORS® for their commitment to volunteer service. The five winners will be announced in November in REALTOR® Magazine. Each winner... continue reading »»   HouseLogic Offers Smart Advice to Owners February 20, 2010 The NATIONAL ASSOCIATION of REALTORS®  launched HouseLogic, a new, comprehensive consumer Web site designed to help home owners make smart decisions to maintain, protect, and increase the value of their homes. HouseLogic will help consumers take responsible actions pertaining to... continue reading »»   How NAR's Health Insurance Can Help You February 18, 2010 The NATIONAL ASSOCIATION OF REALTORS(R) (RCHI) provides members with limited medical indemnity insurance coverage. RCHI is a guaranteed acceptance program, so all organization members qualify regardless of pre-existing conditions and do not have to undergo any medical tests. NAR members... continue reading »» Membership Loudoun Market Watch: Blizzards and Low Inventory Dampen Sales March 12, 2010 Preliminary February results are in; the blizzards that bombarded Loudoun in February had a considerable negative impact on existing home sales activity.  The blizzards were partially to blame for the total sales decline in February to 242 units from January's... continue reading »»   Are you getting all the benefits of your Affiliate membership? March 9, 2010 Did you know that DAAR's website now offers links to your company's email and website addresses AT NO ADDITIONAL CHARGE?  If you have not provided the email and web addresses you would like us to use for this purpose, you... continue reading »»   Champion Title Becomes Gold IMP February 26, 2010 DAAR is pleased to announce the Champion Title & Settlements in Leesburg, VA has become the latest Integrated Marketing Partner (IMP).  DAAR's Integrated Marketing Partners are critical to DAAR's efforts to minimize member dues through non-dues-related revenue.  As an IMP,... continue reading »»   NOW is the best time to grow your business. Become an IMP Today! February 26, 2010 Most people "hunker down" when times get tough, but that's no way to grow a business.  Opportunities abound, and now's the perfect time to rethink how you do business to take advantage of those opportunities.  Tough times can be the perfect... continue reading »»   Opportunity's Knocking...Are You Ready? February 26, 2010 Did you know that a DAAR Affiliate membership gives you an array of opportunities to promote your company's products and services to DAAR's REALTOR® members?  Are you taking advantage of all those opportunities?  For just $219/year, DAAR Affiliates get: Their... continue reading »»   March Sneak Peek February 26, 2010 March and Spring are just around the corner (hopefully)!  And everything's coming up green at DAAR.  March is Green Month at DAAR, and there's lots of ways to fuel that spring fever: Attend the "It's So Easy Being Green" Lunch... continue reading »»   DAAR has the Cure for those Wintertime Blues February 22, 2010 Just when you're starting to see flashes of the movie "The Shining", DAAR has a cure for those wintertime blues.  DAAR members can come by the DAAR office and pick up FREE passes to this weekend's Capital Home & Garden Show at the Dulles... continue reading »»   Loudoun Market Watch: 2010 Home Sales Start Slow February 12, 2010 Two factors drove the noteworthy decline in total sales volume in January 2010.  The first was an unusually low number of pending sales in December.  Presumably, buyers scrambled to settle before year-end to take advantage of tax deductions causing the... continue reading »» Dulles Area Real Estate School Earn the ABR Designation - March 18-19th at DAAR March 1, 2010 Are you interested in delivering the best in buyer representation services? DAAR is pleased to offer the Accredited Buyer's Representative (ARB®) designation from March 18-19th, 2010, 9:00-5:00 pm.  The ABR® designation is the benchmark of excellence in buyer representation. This... continue reading »»   March Education At-A-Glance February 26, 2010 Don't forget to take advantage of our Buy 8, Get 8.  Purchase and take 8 hours of CE in 2010 and get 8 hours free if completed in 2010.  This is a special Right Tools, Right Now program for DAAR... continue reading »»   Bring a New Level of Service to Your Clients - Earn the GREEN Designation February 25, 2010 Consumer demand for green real estate is growing.  Be a leader - become the green real estate resource for your community and earn NAR's Green Designation at DAAR on March 10-11th, 9:00-5:00 pm.  This two-day course highlights what makes a... continue reading »»   Lunch Matters: It's Not Easy Being Green or is It? - March 3rd, 12-1:30 pm February 24, 2010 As part of DAAR's Green month, you are invited to join us for DAAR's Lunch Matters It's Not Easy Being Green...or is it? on Wednesday, March 3rd, 2010, 12-1:30 pm at DAAR.   Topics include identifying green property components, understanding the... continue reading »»   Advocacy Loudoun County Offers New Rental Rehabilitation Program March 11, 2010 As part of the Neighborhood Stabilization Program (NSP), Loudoun County is offering a new Rental Rehabilitation Program (RRP), which provides for the rehabilitation of previously foreclosed homes in designated NSP neighborhoods.  The purpose of the RRP is to rehabilitate substandard... continue reading »»   Special Meeting for DAAR Members: Limestone Overlay District -Wednesday, April 21st, 2010 March 8, 2010 On Wednesday, February 17th, the Loudoun County Board of Supervisors voted to enact the Limestone Overlay District which alters the way property owners use their land on over 14,000 areas north and south of Leesburg.  Don't miss out on important... continue reading »»   Real Estate Sign Legislation Provides Relief for REALTORS® and Businesses February 26, 2010 In early 2009, the Loudoun County Board of Supervisors authorized the establishment of a volunteer sign collection program to remove illegally placed signs within the Commonwealth of Virginia's right-of-ways located in the county.  The Code of Virginia (33.1-373; 33.1-375) prohibits... continue reading »»   Town of Leesburg Sign Regulations Under Review February 25, 2010 The Town of Leesburg is reviewing their sign regulations in Article 15 of the Zoning Ordinance to keep current with industry changes and Town growth. The regulations were previously reviewed in 1996 and comprehensively revised in 1983 (East Market Street... continue reading »»   Supervisors Adopt Limestone District February 25, 2010 On Wednesday, February 17th, the Loudoun County Board of Supervisors voted to impose the Limestone Overlay District which alters the way property owners use their land on over 14,000 areas north and south of Leesburg.  The LOD regulations apply to... continue reading »»   Chesapeake Bay Regulations to impact Property Owners February 25, 2010 Last year, the Loudoun County Board of Supervisors (BOS) voted to move forward with opting into portions of the Chesapeake Bay Preservation Act. Loudoun County is not a tidewater county and is not required to impose the Bay Act regulations on property owners.  The... continue reading »»   Mortgage Interest Deduction Under Attack February 22, 2010 On February 1, President Obama released his budget proposal for 2011. Consistent with its proposed FY 2010 budget, the Administration's again has recommended limiting the value of the mortgage interest deduction (MID) for upper income taxpayers by, in effect, converting... continue reading »» Announcements Welcome New Members! February 26, 2010 Theresa Brewer, Exit Realty Talbot & Company, Ashburn, VA Tim Creasey, Exit Realty Talbot & Company, Ashburn, VA Stephaney... continue reading »» DAAR Partners Learn about the many benefits of becoming an Integrated Marketing Partner Become an Affiliate Learn more about advertising with us and our exclusive Affiliate Program On the Calendar Class Schedule   CE/PL 1031 Tax Exchanges 6:00pm - 10:00pm EDT DAAR Training Room Mon Mar 15 Click to add to your or cal Real Estate Contracts 9:00am - 10:00am EDT Leesburg Office Wed Mar 17 Click to add to your or cal Real Estate Law & Legal Update 10:00am - 11:00am EDT Leesburg Office Wed Mar 17 Click to add to your or cal Fair Housing 11:00am - 1:00pm EDT Leesburg Office Wed Mar 17 Click to add to your or cal Real Estate Agency 1:30pm - 2:30pm EDT Leesburg Office Wed Mar 17 Click to add to your or cal Ethics & Standards of Conduct 2:30pm - 5:30pm EDT Leesburg Office Wed Mar 17 Click to add to your or cal ABR CORE COURSE- DAy 1 9:00am - 5:00pm EDT Training Room Thu Mar 18 Click to add to your or cal ABR CORE COURSE DAY 2 9:00am - 5:00pm EDT Training Room Fri Mar 19 Click to add to your or cal 45 hr. Broker Appraisal Course 9:00am - 5:00pm EDT Leesburg Office Mon Mar 22 Click to add to your or cal PL -3 hrs- Real Estate Agency 6:00pm - 9:00pm EDT Leesburg Office Mon Mar 22 Click to add to your or cal CE - 3 hrs- Intro to Contracts 6:00pm - 9:00pm EDT Leesburg Office Tue Mar 23 Click to add to your or cal PL - 3 hrs - Offer to Purchase 6:00pm - 9:00pm EDT Leesburg Office Tue Mar 23 Click to add to your or cal CE/PL - Financing 9:00am - 1:00pm EDT DAAR Training Room Thu Mar 25 Click to add to your or cal Events   Honor Society Receptio 5:00pm - 7:00pm EDT DAAR Lounge Wed Mar 24 Click to add to your or cal Special Meeting: Limestone Overlay District 10:00am - 12:00pm EDT Leesburg Office Wed Apr 21 Click to add to your or cal Rebuilding Together 9:30am - 5:30pm EDT Washington Street, Leesburg Sat Apr 24 Click to add to your jeanwoods@bellterrarealtors.com.&START=20100424093000&STOP=20100424173000&LOC=Washington Street, Leesburg®ISTRATION=NOTE: Start registration here: (http://dullesarea.net/index/members/event.php)"> or cal Networking Matters 4:00pm - 6:00pm EDT DAAR Lounge Thu May 6 Click to add to your or cal Networking Matters 4:00pm - 6:00pm EDT DAAR Lounge Thu Jun 3 Click to add to your or cal Committee Meetings   Awards 10:00am - 11:30am EDT DAAR Board Room Wed Mar 17 Click to add to your or cal Board of Directors 9:20am - 12:00pm EDT DAAR Board Room Thu Mar 18 Click to add to your or cal Special Days & Holidays   Daylight Saving Time Begins 9:30am - 5:30pm EDT Sun Mar 14 Click to add to your or cal St. Patrick's Day 9:30am - 5:30pm EDT Wed Mar 17 Click to add to your or cal April Fool's Day 9:30am - 5:30pm EDT Thu Apr 1 Click to add to your or cal Easter 9:30am - 5:30pm EDT Sun Apr 4 Click to add to your or cal

803 Sycolin Rd., Suite 222, Leesburg, Virginia 20175 Phone: 703-777-2468 | Fax: 703-771-9787 The ASSOCIATION OF CHOICE for Real Estate Professionals © 2008 - 2010 - Dulles Area Association of REALTORS® powered by Movable Type Pro 4.32-en home | terms of use | privacy | feedback | virtual meeting DAAR staff and your Board of Directors extend our appreciation for your membership. You will be recieving the DAAR Matters Monthly Newsletter because you are a valued member. We are confident you will find the information helpful in conducting your business.