Fri.Feb 10, 2023

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7 power moves top agents are making right now

Inman

Is your desire to grow your business this year? What are you doing right now that your competition isn’t? According to Jimmy Burgess, by focusing on optimizing the efficiencies in your business and serving others with the highest level of service possible, your continued success is inevitable.

Agents 148
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Guaranty rolls out GAssist, a new borrower application portal

Housing Wire

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The GAssist portal will provide its partners, which include community banks, credit unions, and brokers, with tools that will allow them to better manage borrower expectations, from guided originations to processing

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For many NFL players, real estate is a career worth tackling

Real Estate News

In football, a competitive drive and strong work ethic are key to success. No wonder players turn to careers in real estate, which requires similar traits.

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Baret Kechian, top loanDepot LO, sees bidding wars returning to his market

Housing Wire

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Kechian – who was Scotsman Guide ’s eighth top LO in 2021 – saw demand for mortgages triple after the first week of January compared to a month ago as mortgage rates declined and people adjusted to seeing rates at 6%-levels.

Marketing 370
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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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Teams on the Move: Douglas Elliman, Realogics, Real and Corcoran gain teams

Real Estate News

The latest movers: Joni Shore Group, Robyn + Rachel Group, The Barron Team, The Prince Team.

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Mr. Cooper closes deal to acquire investment firm Roosevelt Management Company

Housing Wire

Nonbank mortgage lender and servicer Mr. Cooper has signed a definitive agreement to acquire the investment management firm Roosevelt Management Company, LLC., the company confirmed on Friday. The deal also includes the operations for affiliated company Rushmore Loan Management Services, LLC. “This acquisition will provide us with an asset management platform to raise third-party capital on an ongoing basis from institutional investors who seek exposure to MSRs and other mortgage assets,” Chris

Closing 370

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Black Knight to sell Empower loan origination software business?

Housing Wire

Black Knight has decided to sell its loan origination software business Empower in a bid to save the $13 billion deal with Intercontinental Exchange Inc (ICE), Reuters reported , citing sources familiar with the matter. The Federal Trade Commission (FTC) has been scrutinizing the ICE-Black Knight deal for months amid mounting concerns from U.S. lawmakers and trade groups over antitrust issues.

Loans 370
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Are smart faucets worth the money?

Inman

New smart kitchen faucets from companies like Kohler and Moen can be controlled via voice and app on your phone, but are they worth the cost? Smart home expert Brandon Doyle compared two, and his results may surprise you.

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Cooling buyer demand takes a toll on Q4 title profits

Housing Wire

After a quarter characterized by weakening homebuyer demand and some of the highest mortgage rates seen in decade, it was no surprise that Stewart and First American recorded weaker financial results in the fourth quarter of 2022 compared to the same quarter a year ago. The two Big Four title insurers announced their fourth quarter earnings on Thursday, hosting earnings calls with investors and analysts.

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Luxury Presence rolls out top-down marketing packages for brokerages

Inman

After releasing an interconnected series of lead-generation services, Luxury Presence’s latest offering is a wide-ranging package of top-down marketing solutions for brokerages and agents.

Brokerage 148
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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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Mr. Cooper sees a $1.5T MSR opportunity in 2023

Housing Wire

The servicing portfolio propelled Mr. Cooper Group ‘s overall earnings in the fourth quarter of 2022 when cost-cutting initiatives weren’t enough to bring the origination business to profitability. And investors can expect the company to keep growing its servicing business in the months to come. Mr. Cooper reported on Friday it delivered $1 million in net income from September to December, compared to $113 million in the third quarter.

Principal 359
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Courses designed to ‘raise the bar’ don’t go far enough

Inman

It is the little things that happen every day that cause distrust and the accusation that Realtors are not professional enough. Teresa Boardman designs her dream course for raising the bar.

Design 148
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Luxury Real Estate Headlines: Second Week in February 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Potomac, Maryland | TTR Sotheby’s International Realty The mansion was the formal estate of King Hussein and Queen Noor of Jordan. Washington Commanders Owner Lists Potomac, Maryland, Estate for $49 Million – Mansion Global Greenwich Estate That Held Title of America’s Priciest Home Lists – $150M – The Wall Street Journal Showdown of the Super Bowl LVII Cities: Two Must-See Lis

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Buyers are returning to the market — and sellers are following: Redfin

Inman

This week, the Redfin Homebuyer Demand Index, the brokerage's in-house gauge of buyer activity, hit its highest level since September, rising 21 percent from an October low, new data shows.

Brokerage 148
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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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Loan Demand Declines as Credit Standards Tighten in Q4 2022

Eye on Housing

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans. Additionally, credit standards tightened across all categories of mortgage loans.

Loans 108
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A home touted as the priciest in the US a decade ago returns to market

Inman

A Connecticut estate made headlines in 2014 when it sold for a then-record $120 million, making it America's priciest home sale at the time. Now its owners are giving it a shot on the market for $30 million more.

Marketing 148
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Should You Wait Until Spring Before Buying a Home?

Realty Biz

The decision to purchase a home is an important one, and there are many factors to consider when choosing the best time. For many house hunters, especially first-time home buyers, the general consensus when it comes to timing is to wait out the winter months and instead purchase property in the spring. But is this truly the best choice? Should you wait until spring before buying a home, or is there a better time of year that might be more advantageous?

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News Corp will slash 1,250 jobs following rough real estate earnings

Inman

Move Inc. revenue fell $23 million in Q4, due to a drop in home sales and referral revenue, according to earnings on Thursday. The company confirmed it was in talks with CoStar about a potential sale.

Sales 148
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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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Slowing Rental Rates Leads to Lower Inflation for Gen Z and Millennial Renters

Broke Agent Media

BAM Key Details: Slowing rental rates lead to lower inflation for Gen Z and Millennial renters taking on a new lease, according to a new Redfin report. Gen Z and millennial renters signing a lease in December 2022 saw their costs of goods and services rise 5.6% and 6.1%, respectively, compared to 6.5% for the typical American. The slowdown in rental rates has led to lower inflation for Gen Z and Millennial renters taking on a new lease—for the first time since the end of 2020.

Finance 98
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‘Our values shot up astronomically’: Behind Coeur d’Alene’s viral ascent

Inman

A highly livable city with space to spread out suddenly becomes attractive to wealthy, out-of-state buyers who can now work remotely and have the purchasing power to snatch up the home that suits them. What will happen to the market in 2023?

Marketing 147
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4 Tips for Maintaining Good Relationships with Tenants

C4D Crew

A pleasant landlord-tenant relationship can make the renting experience more successful for both landlords and tenants, but building and maintaining a positive relationship requires intentional action and a proactive mindset from landlords. It’s not always easy – a recent survey of 1,500 American renters found that only 6 out of 10 renters have a good or excellent relationship with their landlord.

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Altisource public stock offering will pay off roughly $20M in debt

Inman

Shares in Hubzu operator touched a new 52-week low Friday after the company released details of its plan to pay off a portion of its nearly $200 million in debt.

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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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Selling Your Parents House After Death: What to Know

Maximum Exposure Real Estate

What is an Estate Sale? Are you dealing with selling your parent’s home after death? The death of a relative is always brutal for a family. Not only do you have to weather the emotional turmoil that accompanies someone you love passing away, but you also have to deal with the real-world details – like […] The post Selling Your Parents House After Death: What to Know appeared first on Maximum Real Estate Exposure.

Sales 98
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TriangleMLS, WellcomeMat: Video is the new photo in real estate

Inman

The largest multiple listing services in one of the nation’s most sought-after home markets is now helping its members market themselves through video.

Marketing 148
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What is The Difference Between Pending and Contingent?

Maximum Exposure Real Estate

Contingent vs. Pending vs. Under Contract One of the questions I often field as a real estate agent from buyers and sellers is the difference between a pending home sale and a contingent home sale. Some will also ask what a contingency means as well. The meaning of contingent is not difficult to understand, but […] The post What is The Difference Between Pending and Contingent?

Sales 98
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Red Oak Realty taps former KW, Pacific Union leader as president

Inman

Nicole Aissa will oversee agent growth and development at Red Oak. She previously worked as an operating principal at Keller Williams.

Principal 148
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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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Everything agents need to know about credit

Real Trends

Even if you understand the basic concepts, the ins and outs of credit can still be daunting. Along with the alphabet soup of acronyms come all-important numbers that change regularly. But as we frequently discuss , it’s up to you as an agent to be the expert for your customers. Here’s what you need to know to guide them through credit-related questions that arise in the home-buying process.

Agents 91
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Clever offers its own take on the lead-referral model

Inman

Clever Real Estate finds its leads with extensive content marketing to educate consumers on a vast range of real estate topics.

Marketing 148
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What Do Sale-to-Listing Ratios Look Like Right Now?

Toronto Realty Blog

TorontoRealtyBlog When was the last time you saw a lawn-sign and it had one of those “SOLD OVER ASKING” riders on the top? I hate those. I always have. As a person who crunches numbers as a form of entertainment, I’ve always maintained, “You can make numbers say anything you want.” I was in a listing presentation in January and the prospective seller asked me, “What is your sale-to-list ratio?

Sales 89
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Inman’s Top 5 stories for the week of Feb. 3-9 , 2023

Inman

Catch up on all of the latest news and this week's most-read stories. It's Inman's Top 5 for the week of Feb. 3-9, 2023.

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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.