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M o n t h ly N e w s l e t t e r Volume 17 • issue 1 - January 2013 From our President

Real Estate Provisions in “Fiscal Cliff” Bill

Durango Area Assn. of REALTORS

On Jan. 1 both the Senate and House passed H.R. 8 legislation to avert the “fiscal cliff.” The bill was signed into law by President Barack Obama on Jan. 2. Below is a summary of real estate related provisions in the bill: Real Estate Tax Extenders • Mortgage Cancellation Relief is extended for one year to Jan. 1, 2014 • Deduction for Mortgage Insurance Premiums for filers making below $110,000 is extended through 2013 and made retroactive to cover 2012 • 15-year straight-line cost recovery for qualified leasehold improvements on commercial properties is extended through 2013 and made retroactive to cover 2012 • 10 percent tax credit (up to $500) for homeowners for energy improvements to existing homes is extended through 2013 and made retroactive to cover 2012 Permanent Repeal of Pease Limitations for 99% of Taxpayers Under the agreement so called “Pease Limitations” that reduce the value of itemized deductions are permanently repealed for most taxpayers but will be reinstituted for high income filers. These limitations will only apply to individuals earning more than $250,000 and joint filers earning above $300,000. These thresholds have been increased and are indexed for inflation and will rise over time. Under the formula, the amount of adjusted gross income above the threshold is multiplied by 3 percent. That amount is then used to reduce the total value of the filer’s itemized deductions. The total amount of reduction cannot exceed 80 percent of the filer’s itemized deductions. These limits were first enacted in 1990 (named for the Ohio Congressman Don Pease who came up with the idea) and continued throughout the Clinton years. They were gradually phased out as a result of the 2001 tax cuts and were completely eliminated in 2010-2012. Had we gone over the fiscal cliff, Pease limitations would have been reinstituted on all filers starting at $174,450 of adjusted gross income. Capital Gains Capital Gains rate stays at 15 percent for those in the top rate of $400,000 (individual) and $450,000 (joint) return. After that, any gains above those amounts will be taxed at 20 percent. The $250,000/$500,000 exclusion for sale of principal residence remains in place. Estate Tax The first $5 million dollars in individual estates and $10 million for family estates are now exempted from the estate tax. After that the rate will be 40 percent, up from 35 percent. The exemption amounts are indexed for inflation. SOURCE: National Association of REALTORS®

Denise is the President of The Durango Area Assn. of REALTORS® You can contact her at 970-759-9819


DAAR CALENDAR OF EVENTS January 2013 Sunday

Dec 30

January 2013

Monday

Tuesday

31

Jan 1, 13

Wednesday

2

Su

Mo

6 13 20 27

7 14 21 28

Tu 1 8 15 22 29

We 2 9 16 23 30

Th 3 10 17 24 31

Dec 30 - Jan 5

7

8

Jan 6 - 12

Newsletter Published

13

14

9

Jan 13 - 19

21

Jan 20 - 26

27

28

17

23

29

Th

4 11 18 25

5 12 19 26

6 13 20 27

7 14 21 28

Friday

Fr 1 8 15 22

Sa 2 9 16 23

Saturday

5

11

12

18

19

25

26

Feb 1

2

8:00am 12:00pm CREC Update (DAAR) 1:00pm 5:00pm Contract Update class- 4hrs (DAAR)

24

8:30am 12:30pm RHA class (DAAR)

8:30am 12:30pm RHA class (DAAR)

30

CREN Strat Planning

We

3 10 17 24

31

5:00pm

Jan 27 - Feb 2

12:00pm

Tu

8:15am 10:15am BOD Meeting (DAAR)

16

22 Martin Luther King Day

Mo

4

10

12:15pm 1:15pm Scholarship Task Force Meeting (DAAR Office) - staff

20

Su

8:30am 10:30am Executive Committee (DAAR)

8:15am 9:00am Tuesday Marketing Meeting (DAAR) 1:00pm 5:00pm Contract Update Class- 4hr. (DAAR Of

15

Sa 5 12 19 26

Thursday

3

New Year's Day (United Office Closed (DAAR)

6

February 2013 Fr 4 11 18 25

staff

1

1/8/2013 10:42 AM

The 2012-2013 Durango Area Association of REALTORS速 Board of Directors: President / Denise Storm / 759-9819 / denise@denisestorm.com President-Elect / Kelly Kniffin / 749-3867 / Kelly@homesdurangoco.com Past President / Jarrod Nixon / 769-0774/ jnixon@yesdurango.com Vice President / Jim Wotkyns / 375-7005 / jim@jimwotkyns.com Treasurer / Jerome Bleger / 759-1658 / jerome@yesdurango.com Director / Cathy Craig / 749-3986 / ccraig@durangomountain.com Director / Gabi Bergstrom / 946-7522 / gabi@frontier.net Director / Linda Buzzalini / 259-6680 / lindabuzz@frontier.net Director / Nicole Perino / 259-6680 / perinodurango@gmail.com CAR Director/ Lois Surmi / 749-7559 / lois@realestatedurango.com CAR Director/ Jarrod Nixon / 769-0774/ jnixon@yesdurango.com

Association Office Staff Executive Officer/ Amanda Erickson/ 247-9604/ amanda@durangorealtor.com Member Services/ Jasmyn Fouts/ 247-9604/ jasmyn@durangorealtor.com MLS & Communications/ Jo Ann Johnston/ 247-9604/ joann@durangorealtor.com


e c r u Your So for Residential and Construction Financing.

JulieCooley

GaryRoberts

KathyBurgess

VP, Mortgage Loans NMLS# 580315 382-5741

VP, Mortgage Loans, Bayfield NMLS# 580324 382-5639

VP, Construction Loans NMLS# 580314 382-5792

MarkBowman

JenniferBoykin

Mortgage Consultant NMLS# 429632 382-5707

Mortgage Consultant NMLS# 580321 382-5746

Meet with a First National Bank of Durango Loan Specialist today! www.fnbdurango.com • 970-247-3020

COMMITTED TO OUR COMMUNITY SINCE 1882.


Important Updates and Reminders! MLS TUESDAY MARKETING MEETING

The next meeting is scheduled for Feb. 5th at 8:30am. Format will include: • Listing Presentation • Wants and Needs • Technical Updates The meetings can be sponsored by affiliates. There is no cost to sponsor though you can provide breakfast at your discretion and you will be the only affiliate featured at the meeting ( up to 5 minutes of floor time). If you are interested in sponsoring a meeting please contact Jo Ann at 970-247-9604 or joann@durangorealtor.com

DAAR Annual Dues

Dues renewal reminder… Please remember if you have not yet paid your annual dues you have until the end of this month (January 31st) to pay without penalty. A $20 late fee will be assessed as of February 1st and your MLS access will be turned off. PLEASE REMIT YOUR DUES PAYMENT NO LATER THAN JANUARY 31, 2013 TO AVOID PENALTY INSTRUCTIONS FOR PAYING DUES ON-LINE 1. Login to the LAMPS website at https://daar.getlamps.net/ (New? Sign up using your 9 digit NRDS# & last name) 2. Click on the PAY ANNUAL DUES ONLINE button located in the menu on the left of the screen. 3. CALL DAAR IF YOU HAVE QUESTIONS OR PROBLEMS. R E S I D E N T I A L M O R T GAGE OF COLORADO

Colorado Capital Bank mortgage Mike & Judy Malone

A DIVISION OF UNIVERSAL LENDING CORPORATION

970.375.2265 970.749.1104 (Judy) Mike and Judy Malone 970.749.1101 (2265) (Mike) 970.375.BANK

Principal

934 Main Avenue, Unit C Durango, CO 81301

1201 Main Avenue, Suite 101 1201 Main Avenue, Suite101 Durango, CO 81301 www.applywithjudy.com FDIC

Michael K. Russell, PE

ph: 970.385.4546 fx: 970.385.4502 e: michael@russellpe.com

www.russellpe.com

EQUAL HOUSING

LENDER

Southwest Mortgage Loans, Inc.

Lisa M. Reed President 1099 Main Avenue. Suite 213 • Durango, CO. 81301 970-382-9800 • Fax 970-382-9808 E-mail: lisar@southwest-mortgage.com

COMMITTEE MEETINGS SCHEDULED Committee

Date/Time/Location

Contact Information

Executive Committee Board of Directors Scholarship Task Force

Friday, 1/04/13 - 8:30 - DAAR Thursday, 1/10/13 - 8:30 - DAAR Thursday, 1/15/13 - 12:15 - DAAR

Amanda - amanda@durangorealtor.com Amanda - amanda@durangorealtor.com Jo Ann - joann@durangorealtor.com


GOT EDUCATION? PLEASE SIGN UP FOR ANY OF THE FOLLOWING CLASSES USING YOUR LAMPS LOGIN AT https://daar.getlamps.net/Default.aspx?page=calendar

Class: 2013 Contract Updates Tuesday, 1/8/2013 from 1-5pm Location: DAAR Office Instructor: Aaron Diem Cost: $45 CE: 4hrs

Please sign up online using your LAMPS login. Familiarize yourself with the significant changes in the 2013 contract. Learn about the Colorado Real Estate Commission forms and how they should be used in a purchase transaction beginning January 1, 2013.

Class: 2013 CREC Update Class Thursday, 1/17/2013 from 8am-12pm Location: DAAR Office Instructor: Aaron Diem Cost: $45 CE: 4hrs

Please sign up online using your LAMPS login. 2013 REQUIRED annual update course offered through the Real Estate College of Colorado. This class covers contract changes as well as any other CREC and Colorado regulatory changes.

Class: 2013 Contract Updates Thursday, 1/17/2013 from 1-5pm Location: DAAR Office Instructor: Aaron Diem Cost: $45 CE: 4hrs

Please sign up online using your LAMPS login. Familiarize yourself with the significant changes in the 2013 contract. Learn about the Colorado Real Estate Commission forms and how they should be used in a purchase transaction beginning January 1, 2013.

Regional Housing Alliance to Offer Homebuyer Education Class- Just for REALTORS Tuesday, January 22nd and Thursday, January 24th – 8:30am – 1pm (both days) Classes held at DAAR offices.

Have you ever wondered what material is covered in the Homebuyer Education Class? Well now is your chance to know, first- hand. Don’t miss this opportunity to take the Regional Housing Alliance’s Homebuyer Education Class - offered just for realtors. Not only will you receive 2 hours of CE credit, but you will have a better understanding of topics covered in the class, understand why sending your clients to class will make your job easier, as well as a great refresher on talking points for those entry level buyers. Please call the Regional Housing Alliance at 259-1418 to register.


ARE YOU READY FOR WINDOWS 8?

I know what you are thinking... “here we go again! Didn’t they just come out with Windows 7?!” Technology changes at a whirlwind pace and Microsoft isn’t the exception, as a matter of fact, they are the ones that help set the precedence. From 2001 (when Window XP was launched) to the debut of Windows 8 in 2012, desktop users striving to stay current have had to learn 4 different operating systems. If that wasn’t bad enough, we have also gone through SOFTWARE changes. Since 1990, MS Office has gone through 14 versions, and the next one to come out, Office 13, will make the 15th version in 23 years. A quick math calculation will show you that roughly every 1.5 years a new software upgrade will be available on one of the most widely used programs in the world. What does this mean to you? It means that if you want to stay current in your technology knowledge you have to be willing to learn. Flexibility is key as anyone that has jumped from Windows XP right into Windows 7 can attest. The operating systems don’t grow in a straight line, they change with whatever the populace makes popular. Current trends show us that mobility is “in” and tablets like IPads, Kindle Fire, Samsung Galaxy etc. are destined to be a staple in your technology retinue. Usher in Windows 8. This past week I updated a laptop that had a Windows Vista OS (operating system) to Windows 8. While I always suggest to our members not to run out and buy the first version of a released software until developers get a chance to fix any unexpected glitches, I felt I was savvy enough to figure it out, after all... it is my job. After hours of admitted frustration my impression is that I think I will be able to work with it, I may even grow to like it.


The issues I had with it were not just system quirks as some were self-created. For instance, my familiarity and comfort levels with XP, Vista and 7 did not prepare me for the completely different direction Window went with in 8. The START menu is built to mimic what you might find on a tablet. You can customize it with the applications you use most as well as download “apps” like Facebook, Twitter, News, Calendars etc. Gone are the days of clicking on the START button (XP) or the WINDOWS button (Vista and 7) to open all the options your computer has to offer. Things like your CONTROL PANEL or program lists are hidden in a few layers of customizing that may take a bit to figure out on your own if you are not keen on using instructional resources first. A new slide out bar on the right hand side of the START screen (called a “CHARMS BAR”) hides the fine tuning options. It also hides the OFF button which is where I personally think the developers goofed. When you have to peruse through tutorials to figure out how to shut your computer off you might have made things a tad too complicated. Of course, to play the devils advocate, I would have to say that most tablets are meant to “hibernate” when you close the cover and getting around Windows 8 with a touch screen will be much simpler as it was built for that technology. Even so, the fact that Windows XP will soon no longer be supported (what Microsoft refers to as END OF LIFE or EOL) will prompt many to either upgrade their operating systems to 8 or buy a brand new computer altogether with 8 already installed. I predict a huge learning curve for both options but an even greater one for those that upgrade their operating system themselves... WITHOUT having a touchscreen. Upgrading to a new operating system can be an intimidating undertaking with the potential to massively disrupt your daily workflow before understanding kicks in. The dramatic interface changes introduced in Windows 8 needs to be considered as you may not want to invest in Microsoft’s latest OS without first giving it a thorough shakedown. Fortunately, the solution is offered by Windows. Using a program called VirtualBox and the evaluation version of Windows 8 Enterprise, you can try out the new OS for free, without disturbing your current operating system. This option is not for the technically timid. If you are still interested in a virtual test drive please go to the following site for step by step instructions: http://www.pcworld.com/article/2016057/how-to-test-drive-windows-8-for-free-in-virtualbox.html Another option is to go to your nearest computer store and start playing with the models they have available. Either way, I strongly encourage you to do your research.

SOURCES: http://en.wikipedia.org/wiki/History_of_Microsoft_Office

Jo Ann Johnston is the MLS & Communications Coordinator for The Durango Area Association of REALTORS. Questions and comments can be directed to joann@durangorealtor.com


What’s Happening With The Membership? Welcome New Members! Michelle Bahr - Coldwell Banker

Welcome New Affiliates Realty Advisors - Phillip McDonald

Nancy Hazlett - Independant Appraiser

Name Changes From: Mtn. Plains Farm Credit To: American AgCredit

Transfers AGENT NAME: Leisa Leland

TRANSFERRING FROM: Double LL Realty

Good Bye

Double LL Realty Virginia Sutherland - Century 21 Prem. Lynda Vanderpool - Hayden Outdoors

and

TRANSFERRING TO: Century 21 Premiere

Good Luck! Julie Westendorff - Coldwell Banker Rick Bean - Re/Max Pinnacle

January Birthdays

Michael McAlliney ~ 1/2 Kelli Stanley ~ 1/4 Skip Garcia ~ 1/4 Wendell Qualls ~ 1/9 Christy Krug ~ 1/9 Curtis Berger ~ 1/10 Marlene Gebhardt ~ 1/12 Jason McMillen ~ 1/13 Andy Ratcliffe ~ 1/14 Doug Allen ~ 1/19

Kathy Krafthefer ~ 1/19 Michelle Bahr ~ 1/20 Denise Storm ~ 1/21 Heather Calahan ~ 1/22 Alix Rowland ~ 1/23 Sandy Cooper ~ 1/23 Mary Jo Paxton ~ 1/23 Christina Rinderle ~ 1/24 Vanessa Roberts ~ 1/27 Chris Howe ~ 1/30


NEW in Paragon

Enhanced features were released in December Please review the updates below:

Photo on Listings The Primary Photo will now appear at the top of the input form with a link to allow the user to upload a single image.

Listing Maintenance The Primary Photo field can be added to the Listing Input form. A link will display the text Replace Primary Photo, when a photo has been applied to the listing field.

E-mail Bing Map as PDF Bing Map is now an Available Report for selection when sending E-mails as an Attachment (PDF).


New Bing Map Layers The following map layers are now available for addition to the Layers options on the Bing Map view:

• • • • • •

Postal Codes PostalCodes Id City City ID County County ID

Driving Directions Modal interface improvements Per customer request, the Update Map link has been changed to a button and along with the zoom controls have been moved to an overlay at the bottom of the map view providing improved visibility.

PREVIOUS VERSION: Update Map was located under the Origin Address and Zoom controls where off the lower left of the map image.


January 2013 DAAR Newsletter