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Monday News You Can Use!

August 10, 2020

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  • What do you think Zillow Chief says Great ReShuffling Happening? In Atlanta, pools are becoming more desirable.  Buried in a link  Zillow was much more profitable than expected losing only an average of $6939 for each home they purchased. Buying each home (on Average) for $284975 and spending $15848 fixing it up. $4166 in holding costs (utilities, maintenance, etc) and $4139 in interest expense (they get money cheaper than you or I can) and $13,619 in selling costs.  Overall they earned $768 million ($454 Million from the Homes division) and lost a net of $84 million. Revenue from us real estate agents dropped 17% due to COVID discounts.
  • Eviction Moratorium versus Assistance? This could become a big issue. Pay attention to your local level you’ll be asked questions.
  • Home Remodeling Booming!
  • Interest Rates lower again!
Conversation Advancer:

“It’s too much hassle to refinance.”

Yes, it can be – I can recommend (a) great lender(s) to work with – it is a paperwork drill but many of my clients are finding it worth the trouble.

If you owe $300,000 and have a 3.875% interest rate your Principal and Interest payment could drop from about $1411 a month to $1245 – $166 a month! – Saving $29880 over the next 15 years.

Tech Tip:

just because it’s prettier and may help focus me https://tabliss.io/

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Proven Solutions!

Mike Stott

mike.stott@mac.com

www.YourCoachingMatters.com

Cell: 678-232-0927

Office: 770-726-1256

International Coach Federation • Certified ACC

Filed Under: Monday News You Can Use! Tagged With: Coach Mike Stott, Monday News You Can Use!

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