Wed.Aug 26, 2020

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Should You Buy an Existing Home or New Construction?

Keeping Current Matters

Finding the right home to purchase today is one of the biggest challenges for potential buyers. With so few homes for sale and construction of newly built homes ramping up , you may be wondering if you should consider new construction in your search process. It’s a great question to ask, and one to look at from the pros and cons of what it means to buy a new home versus an existing one.

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Refinance Appraisal vs Purchase Appraisal: Is There a Difference?

HomeLight

Picture this: You’ve been in your home for a few months, and lately, it seems like you’re getting more and more junk mail encouraging you to refinance your mortgage. And it seems like it might be a good deal, so you do a little research into what you need to do. Now you’re confused because you need a refinance appraisal, but you just got a purchase appraisal before being approved for a mortgage — is there a difference between a refinance appraisal vs. purchase appraisal?

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Multifamily Family Built-for-Rent Share Reaches New High

Eye on Housing

According to NAHB analysis of quarterly Census data, the market share of rental multifamily construction starts increased to 96% during the second quarter of 2020. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period. During the second.

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$30M Lakefront Estate Takes Over as Idaho’s Most Expensive Home

Realtor.com

realtor.com We live in interesting times—Idaho is now a hot spot for mansions. Just a month after we crowned a $27 million mansion as the state’s most expensive home, a pricier lakefront mansion has splashed down on the market. Listed for $30 million, Idaho’s new most expensive home is a sprawling estate on Windy Bay Road in Worley, ID, that sits on Lake Coeur d’Alene.

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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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Greater Vancouver New Home Inventory Jumps 40%, But Only 31 Units Sell

Better Dwelling

Greater Vancouver new home sales are still unusually soft. MLA Canada data shows pre-sales for new homes fell in July. The decline slowed new inventory launches, with over half of expected units delayed. Even with the delays, there was a significant increase in new inventory. Only 31 Pre-Sale Homes Were Sold In July The number […]. The post Greater Vancouver New Home Inventory Jumps 40%, But Only 31 Units Sell appeared first on Better Dwelling.

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The History of Women’s Homeownership

Homes.com

As we celebrate National Women's Equality Day, we take a look back on the history of women's homeownership and how far women have come today as homeowners. The post The History of Women’s Homeownership appeared first on Homes.com.

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RBC: Canadian Immigration Recovery Unlikely Near Term, May Impact Real Estate

Better Dwelling

Canada’s largest bank sees the immigration slump lasting a few years. RBC economists crunched the numbers, and saw a huge decline in the number of new permanent resident arrivals. In addition to the decline in arrivals, they also note a big drop in new applications. Since applications take months to process, the bank is seeing […]. The post RBC: Canadian Immigration Recovery Unlikely Near Term, May Impact Real Estate appeared first on Better Dwelling.

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Las Vegas Legend Wayne Newton’s Former Ranch Now Available for $30M

Realtor.com

realtor.com, Gabe Ginsberg/FilmMagic The crooner Wayne Newton sang a protracted goodbye to his Las Vegas estate over the last decade. The final toast came in 2019. Now, his former property, Casa de Shenandoah , is back on the market with a big markup. For a buyer looking to go all-in, the lavish spread is available for $29.9 million. . Which is a dramatic price hike, if you consider that the place sold last fall for $10.53 million.

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How to qualify for a mortgage using investment income

The Mortgage Report

You're allowed to use investment income for mortgage qualification. Lenders will accept two forms: dividends and interest. Here's how to qualify based on investment income.

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The Savvy Way to be Seen

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: Savvy Syndication.]. Savvy Syndication is a listing syndication service for residential, commercial, for-sale or for-rent (including apartment. rental listings) listings, serving brokerages and agents since 2007. They work with manually inputted listings or direct brokerage feeds that are then syndicated to Facebook, Zillow, Trulia, Realtor.com, and many more.

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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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5 Simple and Free Tips To Boost Your Local Search Visibility

Jason Fox

5 Simple and Free Tips To Boost Your Local Search Visibility. Local searches can help your real estate business boom. That’s because people don’t just use Google for weird medical problems or curiosities. People actually look for things they want to buy on Google. And if you’re there to greet them with the right offer, you can boost your bottom line.

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Social Media Marketing for Realtors: How to Stay on Top in 2020 [UPDATED]

Agent Drive

If you work in real estate, you probably hear a lot about how essential social media is. Indeed, it’s a powerful marketing channel that brings you close to potential prospects and fosters engagement. In this post, we share some of the best advice on social media marketing for realtors that’ll help you shorten the learning […]. The post Social Media Marketing for Realtors: How to Stay on Top in 2020 [UPDATED] appeared first on AgentDrive.

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Top Breakfast Spots In Jupiter

Waterfront Properties

Jupiter is home to many great local and delicious restaurants and cafes that serve breakfast, lunch, and dinner. If you are on the lookout for a great spot to grab some breakfast during the week or on a weekend, here is a list of just some of the best breakfast spots to grab some pancakes, waffles, and pastries in Jupiter.

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Is renovating an old house bad for your health

Realty Biz

Whether you’ve bought a fixer-upper, or you’re working for a home renovation company, if you’re planning on stripping back an old building, there may be more risks than you think. . Abandoned Old White House. Reaching straight for the sledgehammer might not be the best idea. Especially if the building you’re working on harbours toxic, worryingly invisible poisons and potentially lethal substances.

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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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Before Making Loans, Some Mortgage Lenders Ask, Do You Really Plan to Pay This?

Realtor.com

Andrei Stanescu / iStock Some mortgage lenders are asking customers taking out a mortgage to confirm they don’t intend to seek forbearance, a move meant to keep losses low during a pandemic that has put millions of Americans on shaky financial footing. The unusual requirement comes in the form of a new document included in many borrowers’ closing paperwork.

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Make money from your power list: Showing appreciation

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: Make money from your power list: Showing appreciation. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Put these systems in place, work them consistently, and you’re going to see results.

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Rockets All-Star Russell Westbrook Nears 2nd Real Estate Win in Oklahoma

Realtor.com

realtor.com, Kevin C. Cox/Getty Images Houston Rockets superstar Russell Westbrook has been busy off the court, in the real estate arena. The All-Star is closing in on a deal to sell his Edmond, OK, mansion. Currently listed for $1.3 million, the luxury home is now in pending sale status. Purchased in late 2012 for $2 million, the massive residence has been recently renovated, and includes a number of upgrades.

Land 101
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Affordable Housing Lottery Opens for 37 Units in Fort Greene, Starting at $2,370 a Month

Brownstoner

An affordable housing lottery has opened for 37 units in a 12-story building at 810 Fulton Street, between Vanderbilt and Clermont, in Fort Greene. This is phase two of the affordable housing launch; the first phase, with 73 units, debuted in 2018. Of the current apartments available, there are 11… Read More > The post Affordable Housing Lottery Opens for 37 Units in Fort Greene, Starting at $2,370 a Month appeared first on Brownstoner.

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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 Refinance Surcharge Delayed by Fannie, Freddie Until Dec. 1

Realtor.com

Andrew Harrer/Bloomberg via Getty Images WASHINGTON—Many homeowners who refinance their mortgages in the next three months will avoid paying an additional fee averaging $1,400, a federal regulator said Tuesday. Mortgage-finance giants Fannie Mae and Freddie Mac will delay a 0.5% surcharge on refinanced home loans until Dec. 1, said the Federal Housing Finance Agency, which regulates them.

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How Much Can You Negotiate Off a New Build House? Here’s the Truth

HomeLight

There are many great reasons to buy a new-build home — for example, the ability to customize the home to your liking. But the price of building your own home can vary widely ($100 to $155 per square foot, according to HomeGuide ), and it depends heavily on the home’s location, the size, and if it is a custom or production new-build home. For some buyers, the unknown cost of a new-build home can be intimidating.

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Beware the Spotted Lanternfly, the Latest Pest That Could Spell Bad News for Homeowners

Realtor.com

arlutz73/Getty Images So far this year, we’ve seen the arrival of murder hornets , EEE-carrying mosquitoes , and zombie cicadas. Now, there’s another pest to add to your radar: the spotted lanternfly. “The spotted lanternfly is a serious invasive pest with a healthy appetite for our plants,” says Heather Leach , a spotted lanternfly control expert with Penn State Extension. “It can be a significant nuisance, affecting the quality of life and enjoyment of the outdoors.R

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I’m Thinking About Buying a Smoker’s House. What Do I Need to Know?

HomeLight

We’ve probably all smoked at least one cigarette in our life — and we all know a handful of smokers who smoke way more than one each week. Way back in pre-pandemic reality, watching smokers gather outside offices and bars, blowing smoke to the wind, it could seem almost natural to keep smoking an activity relegated to the great (or, at least, uncovered) outdoors.

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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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Daily Links: Industry City Post Office to Relocate, a Bushwick Club Holds Secret Indoor Dance Parties

Brownstoner

In the News Black Homeowners Face Discrimination in Appraisals [NYT] Cuomo Won’t Scrap Quarantine Rule Despite CDC Lifting Travel Directive [NYP] Bushwick Club ‘The Illmore’ Is Throwing Secret, Indoor Ragers [NYP] Pol Proposes Outdoor Cultural Program [NYDN] Sunset Park Small Business Owners Urge Approval of Rezoning [Eagle] Historic Post Office Will Move Out of Industry… Read More > The post Daily Links: Industry City Post Office to Relocate, a Bushwick Club Holds Secret Indoor Dance

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Toronto New Home Sales Drop Over 40%, But 905 Demand Surges Higher

Better Dwelling

Greater Toronto new home sales are on fire, everywhere but in the actual city. Data from Altus Group and BILD GTA shows new home sales had the biggest July in over a decade. Surprisingly, this trend is driven almost exclusively by suburban home sales. In the City of Toronto, new home sales have dropped by […]. The post Toronto New Home Sales Drop Over 40%, But 905 Demand Surges Higher appeared first on Better Dwelling.

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Great Spaces: Bob Marley’s Widow Lists the Singer’s Former Home

RISMedia

Legendary reggae artist Bob Marley's widow, Rita Marley, recently listed her Nassau, Bahamas home. The couple were married in 1966 and spent about 15 years together before his untimely death in 1981. Nicknamed "La Randa," the two lived in the home together for some time while they were married. The 74-year old has listed the […]. The post Great Spaces: Bob Marley’s Widow Lists the Singer’s Former Home appeared first on RISMedia's Housecall.

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Market Snapshot: How Are Condos Doing Thus Far in August?

Toronto Realty Blog

TorontoRealtyBlog. I had the wrong day! All geared up for offers on a beautiful east-side listing on Tuesday night, and it turns out that offers are on Wednesday night. Mea culpa. Now I have an extra two hours on my hands, so what do I do? Take a nap on my office couch? Call a family member to catch up? Nah. Open Microsoft Excel and start entering data… I currently have nine condo listings scheduled to hit the market in September, and I’ve told all the sellers that the market is

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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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Zillow adds builder ratings and reviews to its platform

Realty Biz

Zillow last week announced a new feature it’s adding to its platform called Builder Ratings and Reviews. The new information will be displayed on builder’s profiles, community pages and paid new construction listings on Zillow. The reviews will come from homeowners surveyed shortly after they move in to a new home, who will be asked to rate their overall experience, the quality of their home, builder responsiveness, the confidence they have in a builder and whether or not they would recomm

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Realtors support driveway dance performances in Caledon

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: Realtors support driveway dance performances in Caledon. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Rayissa Palmer and Sandy Bodnar of Sutton Group Old Mill Realty in Toronto recently supported the arts in an innovative way: driveway dance performances.

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Mortgage rates today, August 26, 2020, plus lock recommendations

The Mortgage Report

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Rare Flemish Revival Standalone With Parquet, Stained Glass in West Midwood Asks $1.895 Million

Brownstoner

The listing is a bit short on details but this house has curb appeal that is pretty hard to ignore, with an architecturally intriguing Flemish Revival-style shingled facade. Located at 20 Waldorf Court, it's set amidst a block of other early 20th century homes in the micronabe of West Midwood,… Read More > The post Rare Flemish Revival Standalone With Parquet, Stained Glass in West Midwood Asks $1.895 Million appeared first on Brownstoner.

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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.