Tue.Apr 06, 2021

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The appraisal gap is complicating deals across the country

Housing Wire

The home checked off every box on Linda’s list. It had a large, fenced-in yard, modern appliances in an updated kitchen, a “man cave” for her husband, beamed ceilings, a massive master suite and was located in a good school district. The house, in the Nashville area, was listed at $405,000. Linda (who asked that her real name not be used) beat out a dozen other prospective buyers in a bidding war by offering $445,000 and waiving all contingencies.

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Don’t Sell on Your Own Just Because It’s a Sellers’ Market

Keeping Current Matters

In a sellers’ market , some homeowners might be tempted to try to sell their house on their own (known as For Sale By Owner , or FSBO ) instead of working with a trusted real estate professional. When the inventory of homes for sale is as low as it is today, buyers are eager to snatch up virtually any house that comes to market. This makes it even more tempting to FSBO.

Marketing 269
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The future of mortgage closings

Housing Wire

A painstaking, uncoordinated movement to fully adopt remote online notarizations nationwide and complete end-to-end digital escrow mortgage closings is gaining even more traction as the real estate industry launches into a new decade in 2021. But depending on where you work in housing, it can feel like a bumbling snafu, a noble attempt that’s stuck in slow motion, or maybe even a lifelong crusade where patience and persistence will eventually win the day.

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A Large Canadian Bank Just Blamed The Bank of Canada For The Property Bubble

Better Dwelling

One of Canada’s largest banks made an unusual move — they called out the role the Bank of Canada (BoC) played in the property bubble. Well, they subbed them. BMO senior economist Robert Kavcic sent clients a housing analysis this morning. He attributes the transition from a hot market to one that’s going to burn […]. The post A Large Canadian Bank Just Blamed The Bank of Canada For The Property Bubble appeared first on Better Dwelling.

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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Two Southern banks complete mortgage eNote transfer

Housing Wire

Truliant Federal Credit Union is the first Southeast financial institution to officially complete a transfer of an eNote – or an electronic promissory note – to Federal Home Loan Bank of Atlanta (FHLBank Atlanta), as part of FHLBank Atlanta’s eNote pilot program, the lender said Tuesday. Going forward, FHLBank Atlanta will accept all eNotes, per bank officials.

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How to Get Rid of Junk in Your Home

Point2Homes

Image: Palabra / Shutterstock.com. According to the Environmental Protection Agency (EPA), the average American produces 4.4 pounds of waste each day. And, although most of this finds its way into the trash, some will remain in your home. Then, it gradually fills up your closets with stuff you need to get rid of when moving to another home. While it can be difficult to know where to start when removing junk from your house, hiring a professional junk removal company will ensure that this necessa

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Top 10 Celebrity Kitchens We Can’t Get Over

Fancy Pants Homes

Writing about celebrity homes for a living has its perks; we get to step inside some of the most outrageously luxurious homes out there, all equipped with the finest amenities and designer finishes that have dream home written all over them. And while all the rooms of the rich and famous may be swoon-worthy, nothing quite compares to their kitchens.

Design 116
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Berkshire Hathaway HomeServices to Bridge the ‘Real Estate Loyalty Gap’

RIS Media

A Real Estate Loyalty Gap exists, according to Chris Stuart, CEO of Berkshire Hathaway HomeServices. He coined the term, which defines the 78% difference between the 91% of buyers who said they would utilize the same real estate agent again and the 13% who actually have—a statistic released by the National Association of REALTORS® in their Profile of Home Buyers and Sellers report.

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Top 10 Celebrity Kitchens We Can’t Get Over

Fancy Pants Homes

Writing about celebrity homes for a living has its perks; we get to step inside some of the most outrageously luxurious homes out there, all equipped with the finest amenities and designer finishes that have dream home written all over them. And while all the rooms of the rich and famous may be swoon-worthy, nothing quite compares to their kitchens.

Design 116
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Americans Think It’s Better to Invest in Housing Than the Stock Market—Here’s Why

Realtor.com

Getty Images Which is the better investment, owning a home or owning stocks? If you ask most Americans, chances are they prefer the former. A n ew study from the Federal Reserve Bank of New York examined consumer preferences toward being a homeowner and how their attitudes have changed over the course of the COVID-19 pandemic. Survey participants were asked to rate which was the better investment — a home or financial assets such as a stocks — and what factors contributed to their choice.

Marketing 101
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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United Real Estate Ranks 8th Largest in Nation

RIS Media

United® Real Estate’s company-owned operations have recently been recognized as the eighth largest residential real estate brokerage in the nation ranked by number of transactions. The 2021 RISMedia Power Broker Report compares the nation’s top 1,000 real estate companies, ranked by number of residential transactions and residential sales volume.

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Outdoor Music Friday and Saturday Nights: Palm Beach Gardens

Waterfront Properties

Downtown Palm Beach Gardens hosts a free weekly outdoor concert every Friday and Saturday night. The concert series features a diverse lineup of local and regional bands playing jazz, rock, pop, country, and everything in between. The free concerts begin at 6 pm and take place in the Center Court of the outdoor lifestyle and shopping center. Friday and Saturday Night Concert Series: Friday, April 9th: Big City Dogs Saturday, April 10th: Samantha Russell Band Friday, April 16th: Shadow Creek Satu

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Canadian Real Estate To Cool Later This Year, “No Urgency” For Measures: Scotiabank

Better Dwelling

One of Canada’s largest banks isn’t joining its peers in a call for housing cooling measures. Scotiabank Chief Economist Jean-François Perrault thinks the country should take a wait-and-see approach. The bank is warning a hasty decision could unfairly penalize existing homeowners. They suggest Canada wait it out, because rising inventory may solve the issue in […].

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4 Home Features That Need to Be in Top Condition to Fight the Summer Heat

RISMedia

By Anita Ginsburg If hot weather is just around the corner in your area, you need to be sure that your home is ready for the summer heat. With these simple upgrades and repairs, you'll have peace of mind knowing that your home will remain cool and comfortable no matter what the weather is like […]. The post 4 Home Features That Need to Be in Top Condition to Fight the Summer Heat appeared first on RISMedia's Housecall.

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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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Calgary’s Jonathan Popowich moves to eXp Realty

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Calgary’s Jonathan Popowich moves to eXp Realty. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Jonathan Popowich, who was an associate broker and top producer at Re/Max iRealty Innovations in Calgary for eight consecutive years, has moved his team to eXp Realty.

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Developer Seeks Rezoning for Massive 14-Story Building at Bed Stuy Nursing Home Site

Brownstoner

Renderings included in a Department of City Planning review session Monday show what’s in store for a block-long development in Bed Stuy. Located at 270 Nostrand Avenue, the large site fronts Nostrand, Dekalb Avenue and Koscuiszko Street, and stands across the street from Home Depot. The developer, BRP Companies, is requesting… Read More > The post Developer Seeks Rezoning for Massive 14-Story Building at Bed Stuy Nursing Home Site appeared first on Brownstoner.

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Kamala Harris Seeks $2M for Her Washington, DC, Condo

Realtor.com

realtor.com Since being sworn in to the nation’s second-highest office, Vice President Kamala Harris has been selling off her real estate. Harris put her tony Washington, DC, condo on the market for $1,995,000 this week. The move comes just a month after she sold her San Francisco condo for a hefty profit. The vice president purchased the two-bedroom, two-bathroom unit in the Westlight luxury condo complex for $1,775,000 in 2017, according to the Wall Street Journal.

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Listing Agents & Bidding Wars

BubbleInfo

Let’s review how some listing agents have been handling their bidding wars in 2021. Ignored a $60,000 non-refundable deposit and took an offer that was $40,000 lower. Once they get to the highest offer, they insert their own buyer at the same price. Let an escalation clause determine the winner, and ignore the others. Counter […].

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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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Mortgage and refinance rates today, April 6, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched lower yesterday. That surprised me because it looked that morning as if a small rise was more likely. But these […].

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Motto Mortgage President Releases Fair Housing Statement

RIS Media

On the first day of Fair Housing Month, Motto Mortgage, a subsidiary of RE/MAX Holdings, Inc., released a statement on the brand’s commitment to advance homeownership fairness with its “One Motto, One Vision” education campaign. “As the first national mortgage brokerage franchise in the United States, Motto Franchising, LLC is positioned to lead positive change across the mortgage industry.

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When The Frenzy Busted Loose

BubbleInfo

The real estate market was boisterous in last half of 2020, which made it easy to predict that once we got past the election and into the new year we’d probably see the Greatest Real Estate Frenzy Ever. Let’s use February 22nd as the day the frenzy really kicked in. It was the day that […].

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Inside a Parisian-Inspired Residence in San Francisco

Sotheby's International Real Estate

Constructed in 1914, a beautiful building at the top of Nob Hill pays homage to the iconic Haussmann architecture of mid-19th-century Paris with its tall windows, balconies, ornate wrought iron, and Beaux Arts flourishes. Renowned architect Andrew Skurman and esteemed interior designer Suzanne Tucker have masterminded the interiors of this rarefied 3,474-square-foot residence, incorporating Louis XV and Louis XVI influences to create a home that pays stylistic tribute to those time-honored tradi

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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Senior care homes embrace tech to help residents stay connected

Realty Biz

Senior living operators are trying to use digital services to help their residents stay connected during the COVID-19 pandemic. New digital tools they’re offering to fight social isolation include video chat applications, virtual assistants, livestreamed fitness classes and even virtual reality-based day trips. The innovations are needed, operators say, because many senior residents are feeling cut off and isolated because they’re forced to spend most of their time shut indoors.

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Is Your Home Begging for a Breezeway? The Perks and Costs of This Upgrade, Explained

Realtor.com

Shinedawn / Getty Images If you’re lucky enough to have a house with another free-standing structure nearby—say, a garage, guesthouse, or home office—that’s great in terms of carving out separate space for various needs, but not so great if you hate getting rained on as you run from one place to the other. The solution may be simply to build a breezeway between the two.

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Construction Job Openings Fall Back in February

Eye on Housing

Job openings in construction declined in February to 266,000 unfilled positions, according to data from the BLS Job Openings and Labor Turnover Survey (JOLTS). Hiring appeared to gain steam in February, although this was perhaps just statistical noise for the monthly data. However, March payroll employment numbers indicate strength ahead for the JOLTS construction data.

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HGAR, OneKey™ MLS Adds New Members

RIS Media

The Hudson Gateway Association of REALTORS®, Inc. (HGAR) and OneKey MLS, the New York metro area’s first regional multiple listing service, recently announced a slate of new members that are leveraging the MLS’ reach and data to service clients from Montauk to Manhattan, to the Lower Hudson Valley and the Catskill Mountains. The following New York City-based companies have joined HGAR, giving them access to OneKey MLS: Triplemint, R New York and Berkshire Hathaway HomeServices.

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.

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Ask Brian: Seller-Financing Can Be a Lucrative Investing Business

Realty Biz

Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from Louis in CT: Hi Brian, I’m looking for an innovative way to make real estate investments. I’ve been at this for a while and I’m tired of being a landlord.

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REALTORS® Can Access Exclusive Offers on Appliances and Life Insurance

RIS Media

NAR’s REALTOR Benefits® Program, the association’s exclusive member benefits program, has rolled out two new home and personal offers for members. One gives NAR members access to exclusive pricing on GE appliances through a private online shopping site, and the other introduces access to Group Term Life Insurance and AD&D Insurance. Exclusive Savings on Appliances .

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Houston company pays out $50K+ to settle age discrimination lawsuit

The American Genius for Real Estate

(REAL ESTATE MARKETING) This latest age discrimination lawsuit offers an important lesson for businesses to consider in their employee management and care. The post Houston company pays out $50K+ to settle age discrimination lawsuit appeared first on The American Genius Real Estate.

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The Pros and Cons of Buying a Vacation Home

RIS Media

With the recent rise in remote work, vacation markets all across the country are experiencing a surge in demand that’s driven by buyers who are taking the leap to become second homeowners. If you’re considering purchasing a vacation property, here are a few of the pros and cons to keep in mind. Pros: It’s a vacation home! Let’s get this out of the way first and foremost: there’s nothing like having your own vacation home to escape to on a moment’s notice without having to worry about bookings.

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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

The sales cycle in real estate is frequently measured at 3+ months. During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. Top real estate agents are distinguished from developing agents by their ability to convert organic connections into sales opportunities.