START OF NATIONAL DRUG FREE WORK WEEK
The National Drug Free Work Week starts October 19, 2009. The purpose of the National Drug Free Work Week is to highlight that being drug free is key to workplace safety and health and to encourage workers with alcohol and drug problems to seek help.
PURPOSE OF NATIONAL DRUG FREE WORK WEEK
The National Drug Free Work Week is sponsored by the U.S. Department of Labor in coordination with members of its Drug-Free Workplace Alliance. This cooperative program, which represents both employer/contractor associations and labor unions, aims to improve safety and health through drug-free workplace programs. It focuses on the construction industry because research indicates that it has higher than average rates of worker alcohol and drug abuse-a serious concern given that it also is among the industries with the highest rates of workplace accidents and injuries. But because drug-free workplace programs benefit all workplaces, employers and employees in all industries, not just construction, are encouraged to take part in Drug Free Work Week.
WHAT REAL ESTATE PROFESSIONALS CAN DO
Real estate professionals often face the same problems as other industries when it comes to substance abuse related issues. In other professions such as attorneys, there are often employee assistance type programs available from state and local associations or even individual firms. However, real estate agents often do not have access to employee assistance type programs.
Here are a few ideas from the Drug-Free Work Alliance:
* Implement a Drug-Free Workplace Program - Develop a Drug-Free Workplace Program at the association or brokerage levels. For more information on starting a Drug-Free Workplace Program, visit www.dol.gov/workingpartners. This website offers detailed guidance on how to develop a Drug-Free Workplace Program starting with a written policy.
* Promote your Drug-Free Workplace Program - If your association or brokerage already has a Drug-Free Workplace Program or employee assistance type program promote the programs by distributing a copy of your drug-free workplace policy to all real estate agents and brokerage employees.
* Train Managers - As part of the Drug Free Work Week, associations or brokerages can provide training to team leaders and sales managers to identify and deal with real estate professionals who have performance problems that may be related to alcohol and drug use, including clearly identifying where real estate professionals should be referred to for assistance.
* Educate Real Estate Professionals - As a part of the Drug Free Work Week, associations or brokerage might consider holding seminars on time management, stress management, financial planning and substance abuse.
* Develop or Publicize Employee Assistance Progrmas - If your association or brokerage has an employee assistance type program, remind real estate professionals about these programs. Employee assistance programs often offer free or low cost services to assist employees to resolve personal and workplace problems, including alcohol and drug abuse. If your association or brokerage doesn't offer an employee assistance type program, consider developing such a program even if it only consists of educational programs, self-assessment materials, and lists of local treatment programs and other resources.
* Encourage the Use of Self-Assessement Programs - Encourage real estate professionals to perform private self-assessments such as confidential, self-administered online screening tools available at www.AlcoholScreening.org.
* Compile a List of Local Resources - Whether or not your association or brokerage has an employee assistance type programs, develop a list of local resources. To locate resources in your community, visit www.findtreatment.samhsa.gov or phone 1-800-662-HELP. Also, self-help programs such as the 12-step programs of Alcoholics Anonymous and Al-Anon are free and available nationwide.
* Review Health Insurance Plans - If your association or brokerage offers a group health plan or provides referrals to health insurance providers, suggest insurance companies and policies that provide coverage for substance abuse assessment and treatment.

INTRODUCTION TO OUR PREFERRED LENDER
For those readers and subscribers in need of a home loan, I wanted to take this opportunity to introduce Jim Quist and New Castle Home Loans as one of our preferred lenders. New Castle Home Loans was formed in 2003 and has experienced steady growth with offices in Chicago, Illinois, Lombard, Illinois, and St. Louis, Missouri. Over the years, New Castle Home Loans has established a strong niche in offering loan products for new construction and conversion project in Chicago, Illinois and St. Louis, Missouri.
HOW WE SELECT OUR PREFERRED LENDERS
At PREA Signature Realty, we base our recommendations and make referrals to lenders and other service providers based solely on the service that they provide to our customers. We have a longstanding policy that prohibits our agents from receiving any direct or indirect compensation from our preferred service providers.
When we make a recommendation or referral to a lender, we are looking for three main things from our lenders:
WHY CHOOSE NEW CASTLE HOME LOANS
Since 2005, we highly recommended New Castle Home Loansto our developer client in St. Louis. When we started PREA Signature Realty in 2008, we continued the relationship and designated New Castle Home Loans as one of our preferred lenders. Here are some of the reasons we designated New Castle Home Loans as one of our preferred lenders:
CUSTOMER TESTIMONIALS
Here are a few testimonials from agents and customers who have used New Castle Home Loans:
CONTACT INFORMATION
On behalf of PREA Signature Realty, we wanted to say thank you to New Castle Home Loans for underpromising and overdelivering on their mortgage services.
Interested in Purchasing a Single Family Home, Townhome, Condominium or Loft in Lafayette Square? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381.
FEDERAL FIRST TIME HOME BUYER TAX CREDIT USAGE (AS OF AUGUST, 2009)
Recently, there has been impassioned pleas from the HBA, NHBA, NAR and other trade organizations seeking the extension of the $8,000 Federal First-Time Home Buyer Tax Credit ("Federal Tax Credit"). Often, we receive questions as to how the Federal Tax Credit is impacting sales in the St. Louis area. Although the statistics vary based on their source, the U.S. Treasury released its August report which indicates that three states - California, Florida and Texas - accounted for 72% of the sales transactions in the nation utilizing the Federal Tax Credit. In Missouri, there has been a modest use of the tax credit with 6,615 closed sales transactions (or 5% of the total national closed sales transactions).
Here are the states with 6000 or more closed sales transactions using the Federal Tax Credit:
Here are the state by state breakdown of closed sales transactions using the Federal Tax Credit:
| State | # of Sales using Tax Credit | % of Total Sales using Tax Credit |
| Alabama | 5046 | 2% |
| Alaska | 485 | 0% |
| Arizona | 9357 | 3% |
| Arkansas | 3021 | 1% |
| California | 42,304 | 13% |
| Colorado | 6210 | 2% |
| Connecticut | 2230 | 1% |
| Delaware | 861 | 0% |
| District of Columbia | 471 | 0% |
| Florida | 29,132 | 9% |
| Georgia | 11,109 | 4% |
| Hawaii | 488 | 0% |
| Idaho | 2457 | 1% |
| Illinois | 9918 | 3% |
| Indiana | 5866 | 2% |
| Iowa | 3455 | 1% |
| Kansas | 3147 | 1% |
| Kentucky | 4105 | 1% |
| Louisiana | 4353 | 1% |
| Maine | 931 | 0% |
| Maryland | 5022 | 2% |
| Massachusetts | 4548 | 1% |
| Michigan | 9237 | 3% |
| Minnesota | 6964 | 2% |
| Mississippi | 2949 | 1% |
| Missouri | 6615 | 2% |
| Montana | 1041 | 0% |
| Nebraska | 2771 | 1% |
| Nevada | 5259 | 2% |
| New Hampshire | 1062 | 0% |
| New Jersey | 5500 | 2% |
| New Mexico | 1466 | 0% |
| New York | 8076 | 3% |
| North Carolina | 9355 | 3% |
| North Dakota | 659 | 0% |
| Ohio | 9172 | 3% |
| Oklahoma | 4300 | 1% |
| Oregon | 3565 | 1% |
| Pennsylvania | 10,250 | 3% |
| Rhode Island | 964 | 0% |
| South Carolina | 4684 | 1% |
| South Dakota | 886 | 0% |
| Tennessee | 8549 | 3% |
| Texas | 29,536 | 9% |
| Utah | 4623 | 1% |
| Vermont | 351 | 0% |
| Virginia | 9093 | 3% |
| Washington | 6229 | 2% |
| West Virginia | 788 | 0% |
| Wisconsin | 5202 | 2% |
| Wyoming | 648 | 0% |
| zz - Armed Forces | 177 | 0% |
| zz - Foreign | 10 | 0% |
| zz - U.S. Possessions | 8 | 0% |
| Total Sales | 314505 | 100% |
TAX CREDIT STRATEGIES
The $8,000 Federal First-Time Home Buyer Tax Credit is set to expire on November 30, 2009. To meet the deadline, it important to get a home under contract almost immediately. However, there are other opportunities to take advantage of the Federal Tax Credit that can close in a shorter timeframe than a sales transaction using conventional or FHA financing. Here are some examples from the St. Louis market:
For those who have started the process late, there are still some great opportunities to take advantage of Federal Tax Credit.
Interested in taking advantage of the Federal Tax Credit in St. Louis, Missouri? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381 to explore alternate tax credit strategies.
THE QUESTION - TO BUY OR NOT TO BUY
Recently, a first-time home buyer asked "Is now the time to buy my first home?" Well, there is no simple answer to this complex question. Real estate professionals aren't necessarily the best equipped to predict future economic conditions. However, real estate professionals do monitor current trends as well as historical trends in local, regional, and national real estate markets.
NATIONAL TRENDS INDICATE THAT THE TIME TO BUY IS NOW
Presently, there are three key national trends which provide support for the position that now is the time to buy:



THE $8,000 FEDERAL FIRST-TIME HOME BUYER TAX CREDIT
The $8,000 federal tax credit for the purchase of new homes by first-time home buyer represents a unique opportunity. It is especially attractive for young professionals and recent graduates. Depending on the loan amount, the tax credit could be used to pay between 7 to 20 monthly loan payments for the typical first-time home buyer. Here are some examples:
With favorable pricing, historically low interest rates, and the federal tax credit, I can only conclude that NOW is the time to buy for the average first-time home buyer.
INTERESTED IN PURCHASING YOUR FIRST HOME? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381 or send an e-mail to Ryan@PREASignatureRealty.com to discover how easy it can be to purchase your first home.
MLS REAL ESTATE SYNDICATION
The Mid-America Regional Information Systems ("MARIS"), the local multiple listing service for the St. Louis metropolitan area, has now provided a new marketing tool for real estate agents and their customers in the St. Louis area. MARIS now provides a real estate syndication platform that allows real estate agents to syndicate or feed their MLS listings to 27 aggregator and real estate portal sites like Trulia, Cyberhomes, Yahoo Real Estate, Google Base, Oodle, FrontPage, Zillow, Hotpads, and more. The biggest change is that data for these additional sites no longer has to be sent by a separate feed or manually entered into the 27 separate sites.

This new marketing tool is an opt-in system so it will vary from brokerage to brokerage and agent to agent. The new real estate syndication platform is powered by Point2Agent.com. PREA Signature Realty has opted-in to the use of the real estate syndication platform provided by MARIS. The new platform is powered by Point2Agent.com. For customers of PREA Signature Realty, you will see no change in where your listings appear. PREA Signature Realty has always used real estate syndication to maximize exposure of our customer's listings on the internet and has regularly used the Point2Agent.com platform as one part of our internet marketing strategy. The new MARIS provided platform will eliminate the need for our brokerage to set up a separate listing feed to these sites and/or agents will no longer have to manually enter information into the Point2Agent.com site. For our listing customers, you will see no change in the website statistics sent to you and you will still be able to log-in to the Point2Agent.com site to see your statistics at any time between our weekly reporting dates.
In addition, this new marketing tool doesn't present a shift in our internet marketing strategy. PREA Signature Realty will continue to syndicate or place listings on over 500 national, regional and local websites to maximize the exposure of our customer's listings on the internet.
Interested in listing a single family home, condominium or loft for sale or rent in St. Louis, Missouri? Contact Ryan Shaughnessy at PREA Signature Realty at 314-971-4381.
Other Posts: Real Estate Syndication - An Overview
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2009 ActiveRain Corp. All Rights Reserved