June 12, 2023
Monday News You Can Use!
June 12, 2023
Watch this – this is why buyers re having a hard time – in my market there are 4 homes under $300,000!
Not sure I agree with this list – best places to live!
Moving with pets? Check this out
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TECH TIP:
I may have mentioned this before but BoxBrownie
is pretty cool and inexpensive to virtually stage a home and upgrade pictures!
Real Estate Conversation Advancer of the Week:
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Member Monday: The Arena and Monkey Mind
June 5, 2023
Monday News You Can Use!
May 29, 2023
Land Scam Explained – this will cause changes for seller verification
Is it a bad time to buy a home? USA Today thinks maybe
Best Cities for Predicted Climate Change
New Home Sales are up as buyers run out of options.
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TECH TOOL:
Not sure how it would work for Real Estate but one of your clients
(or my wonderful Wife Donna) will love this Storii
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Conversation Advancer:
How long will it take to sell my home?
“In our hot real estate market with high demand and low inventory, a well-priced home in good condition can sell within a matter of days, However, this can vary widely based on the market, pricing strategy location and the house itself. The next best step is to simply let me come over do a professional pricing analysis and show you the statistics.
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Member Monday: Top 11 Mistakes NOT to make as an Agent in Real Estate in 2023
May 22, 2023
Monday News You Can Use!
May 22, 2023
Interesting video on where interest rates are headed?
Oh those Canadians! This is wrong.
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TECH TIP:
For those of you who like to-do lists and outline!
,Dynalist lets you nest things infinitely, so nothing is too big to fit into it. Just keep breaking it down.
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Conversation Advancer:
When is the best time to buy/sell a house?
Whether on the buying or selling end, trying to “time the market” to make or save as much money as possible is common.
When you inevitably get this question “The best time to buy or sell is always when you are ready.”
As a real estate agent, you can provide expert insights into the ebb and flow of the market, but giving a concrete answer isn’t possible. It’d be equivalent to telling a stock investor that “x” stock will rise and “z” stock will fall at a specific time.
You can reassure your client by explaining that, historically and currently, real estate remains a very sound investment. There are also tools they can use to make payments lower and capitalize on future lower interest rates should they come up. He adds, “Clients seldom, if ever, regret buying a house, but they always regret not buying a house when they should have,” he says.
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| Your Coaching Matters Supports Agents and Brokers to Elevate the Professionalism of Real Estate. If you are not a member, will you join us at https://www.facebook.com/ |
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Member Monday: The Mindset of Mindset
Monday News You Can Use!
May 15, 2023
FHFA ends debt-to-income ratio mortgage fee. How homebuyers will benefit.
Mortgage demand surged after Fed Signaled a potential pause in rate hikes.
How to use an IRA to buy a home
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App of the week:
Gboard
,Gboard, also known as Google Keyboard, is Google’s keyboard for smartphones and tablets. Free to use, it doesn’t require a Google account, and you can have instant access to Google services such as search, translate, YouTube, Maps, and more. This means you don’t have to copy and paste details from another app.
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Conversation Advancer:
Since Interest went up sellers need to lower their price
I can understand your thinking. The additional costs associated with a mortgage payment now, however, sellers are pricing their homes in accordance with recent active, under-contract, and sold comps in a neighborhood. Prices have softened a bit compared to last year, and are not dramatically increasing as rapidly as they were. Sellers understand that their home may not go under contract within hours of it coming on the market, and most are prepared to negotiate within reason. An important focus of a negotiation is not just the purchase price, but also what your monthly payment will be. There are ways to move through a negotiation with a seller where they don’t have to significantly reduce their price but can give you concessions towards an interest rate buydown and/or your closing costs and prepaid. This can help lower your monthly mortgage payment and save out-of-pocket costs, which can make the home more affordable.
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| Your Coaching Matters Supports Agents and Brokers to Elevate the Professionalism of Real Estate. If you are not a member, will you join us at https://www.facebook.com/ |
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Member Monday: What Causes Salespeople to be Successful?
May 8, 2023
Monday News You Can Use!
May 8, 2023
Firms losing money: Open Door lost $101 Million or $29,000 per home sold in the first quester of 2023. Redfin lost $60.8 million. Rocket Mortgage Lost $411 million. Congrats to those of us to staying in business 🙂
Interest rates dropped 4 to 6 weeks ago – Prices rise for first time in 8 months – But its regional San Fran was down 10% Miami up 10.8%
Interest rates go up – pending homes sales fall 5.2%
People are moving to the South, Texas in big numbers
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TECH IDEA
Coming Soon!
https://www.eSentry.net/
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Conversation Advancer:
I will get preapproved after I see what’s available. I know what I can afford.
I wish it worked like that. With the low inventory sellers and their listing agents demand that the buyers seeing their properties on appointment/agent-brought showings are vetted and verified by the agent bringing them. So its to your benefit to be preapproved by a mortgage lender, discuss various loan options and programs, and crunch numbers to ascertain what price range and payments are most comfortable.
There can also be financial “gotchas” looming that only are revealed when a buyer is trying to get approved for financing or the buyer does something like making a major purchase while under contract, which can jeopardize their ability to qualify. There may be a credit card balance that has to be paid down or paid off, and the buyer is surprised to find that out.
Getting the right home under contract takes some financial planning along with the use of a mortgage professional, so it is helping you not to get frustrated and waste time by getting preapproved.
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| Your Coaching Matters Supports Agents and Brokers to Elevate the Professionalism of Real Estate. If you are not a member, will you join us at |
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