Tue.Jan 03, 2023

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Improve your chances of finding qualified buyers

Real Trends

Real estate, both residential and commercial, is highly competitive. As a result, you’re vying for many of the same clients as other agents in your area. To succeed in this field, you need to work proactively and efficiently. Find qualified buyers as a real estate agent. As you know, real estate is either a buyer’s or seller’s market. Considering the past year’s low inventory of properties, it wasn’t hard to find motivated buyers.

Agents 103
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Pending home sales fall 38% in November

Housing Wire

Pending home sales fell for the sixth consecutive month in November, recording a 4.0% month-over-month drop that resulted in an index reading of 73.9, according to data released last Wednesday by the National Association of Realtors. “Pending home sales recorded the second-lowest monthly reading in 20 years as interest rates , which climbed at one of the fastest paces on record this year, drastically cut into the number of contract signings to buy a home,” Lawrence Yun, NAR’s chief economist, sa

Sales 496
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Wondering How Much You Need To Save for a Down Payment?

Keeping Current Matters

If you’re getting ready to buy your first home, you’re likely focused on saving up for everything that purchase involves.

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UWM scores partial win in broker ultimatum lawsuit

Housing Wire

Top U.S. lender United Wholesale Mortgage (UWM) notched a partial win in a lawsuit against broker shop America’s MoneyLine (AML) regarding the controversial “ultimatum” it imposed two years ago. UWM CEO Mat Ishbia announced in March 2021 that brokers who did business with Rocket Mortgage or Fairway Independent Mortgage could not also send loans to UWM, which the lender called the “All In” initiative.

Brokerage 485
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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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How Rising Mortgage Interest Rates Are Influencing Home-Buying Decisions

Realty Biz

Anybody who’s thinking about buying a home might be interested in knowing the average mortgage rate. As of January 2023 , the average mortgage rate sits right around 6.59%. That’s more than double the rate that borrowers were getting in early 2021. With mortgage interest rates rocketing upwards, many potential home-buyers are looking for advice on what to do.

Mortgages 114
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Mortgage industry grieves death of Regina Lowrie, the MBA’s first female chair

Housing Wire

Regina Lowrie, the first female chair of the Mortgage Bankers Association , died suddenly on Jan. 1. She was 68. Lowrie was most recently the president and CEO of Dytrix , a fintech company that enables secure financial transactions that includes closing agent management and real-time wire/ACH transfer validation for institutions. With nearly 40 years of experience in the real estate finance industry, Lowrie is widely known for making history in 2005 as the first female elected chair of the MBA.

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Is the ‘Glass Onion’ house real?

Fancy Pants Homes

Who would have thought that Daniel Craig, aka Bond, James Bond , would be able to charm his way into becoming a modern, American version of Hercule Poirot, dazzling us with his unique Southern drawl? Not even Agatha Christie could have seen this coming. . Yet here we are, eyes glued to the screen to watch the latest adventure of detective Benoit Blanc, played by Craig, as he gears up to untangle yet another crazily-concocted murder plot (once again, with a striking mansion in the backdrop).

Design 105
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Consumer Confidence Bounced Back in December

Eye on Housing

Consumer confidence rose to an eight-month high in December as declining gas prices and easing inflation contributed to more optimistic views of economy. However, spending plans were mixed. Vacation intentions improved, while the intention to buy homes and big-ticket appliances cooled further due to elevated mortgage rates. This shift in consumer preference from goods to services is likely to continue.

Mortgages 102
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How to Sell a House by Owner in Colorado

HomeLight

Disclaimer : HomeLight does not provide legal advice. While this is a general guide to selling a house by owner in Colorado, we always recommend that you look into the local regulations for your area and consult with a qualified legal professional before taking action. Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception.

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These 10 Markets Could Boom In 2023—According To The NAR

Bigger Pockets

2023 will be tougher for the housing market, but not the worst, according to the National Association of Realtors (NAR). The Annual Real Estate Forecast Summit, organized by the NAR, delivered […].

Marketing 107
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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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7 components of a top-notch real estate website

Real Trends

It’s been a long time since Zillow , Realtor.com and Redfin replaced real estate websites as the destination for real estate listings, yet most agent, team and brokerage websites still look the same as they did way back when. . Today’s consumers aren’t going to your website to search for listings. They want to know you’re legit, so they go to your website to ensure you’re in business and to learn more about you. .

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Brooklyn Real Estate Listings Six Months Later: Three Sold, One in Contract

Brownstoner

This week, a look back at four of our featured listings from six months ago focuses on homes in Prospect Lefferts Gardens, Clinton Hill and Prospect Park South. How did they fare? This Prospect Lefferts Gardens one-bedroom doesn’t come with a lot of bells and whistles, but it does have some… Read More > The post Brooklyn Real Estate Listings Six Months Later: Three Sold, One in Contract appeared first on Brownstoner.

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Are You a Trusted Agent? Practical Insights Into Building a Credible Brokerage

Agent Drive

Most agents are perfectly credible and trustworthy, but even so, they face a big issue. In an industry that many people distrust since it is paid on commission, proving credibility and improving the collective image is hard. This is particularly true for smaller brokerages that might not have the power of franchise brands to back […]. The post Are You a Trusted Agent?

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What Are Inspection Requests and What is Reasonable

Maximum Exposure Real Estate

What Buyers Should and Should Not Request to Be Fixed Unreasonable buyer requests after an inspection happen all the time. When you find a home you want, it is crucial to pick your battles regarding repairs requested from a home inspection. Some requests are unreasonable, and others are not. While it would be nice for […]. The post What Are Inspection Requests and What is Reasonable appeared first on Maximum Real Estate Exposure.

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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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Inventory Contest for 4 Padres Tickets

BubbleInfo

In the last couple of years, we’ve followed how many new listings happen in January. It’s been a good indicator of what to expect for the Spring Selling Season! Here is some historical perspective (below). I included the stats from 2009, which was the last time the sky was falling and nobody wanted to sell […].

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Why Dual Agency is Illegal in Some States

Maximum Exposure Real Estate

Why is Dual Agency Illegal in Some States? Did you know that dual agency is illegal in some states? There is one perfect reason why dual agency has been made illegal in some places – it sucks for consumers! Do you want your Realtor to represent your best interests? How about getting the lowest price […]. The post Why Dual Agency is Illegal in Some States appeared first on Maximum Real Estate Exposure.

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Sahadi’s Added to the New York State Historic Business Preservation Registry

Brownstoner

Sahadi Importing Company, with its bins of nuts, shelves full of spices and display cases stocked with sweets, has been a Brooklyn Heights staple since the 1940s -- and it’s now been added to the New York State Historic Business Preservation Registry, solidifying its place in local lore. “Thrilled to welcome… Read More > The post Sahadi’s Added to the New York State Historic Business Preservation Registry appeared first on Brownstoner.

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How to Search For Liens on a Property: Lien Searches Explained

Maximum Exposure Real Estate

What to Know About Property Lien Searches Do you want to do a property lien search? Are you interested in how to find out if there is a lien on a home? Knowing how to check for liens on a property is essential. If you want to buy a new property, you need to be […]. The post How to Search For Liens on a Property: Lien Searches Explained appeared first on Maximum Real Estate Exposure.

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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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Inside a Sleek Palm Beach Aerie

Sotheby's International Real Estate

Few things are more mesmerizing than the smooth azure ocean as it stretches toward the horizon on a gloriously warm and sunny day. This ±3,800-square-foot condominium—on the third level of a coveted building in the prestigious locale of Palm Beach’s Sloan’s Curve—has a sleek minimalist palette and walls of windows that allow this enviable outlook to take center stage.

Staging 97
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Buying a House After a Divorce is Finalized

Maximum Exposure Real Estate

Purchasing a Home Post Divorce Buying a house alone after a divorce can be frightening. If you have recently gone through a divorce and are considering buying a home, there are some things that you need to consider before you start scanning real estate listings. Divorce is emotionally and financially challenging and can leave you […]. The post Buying a House After a Divorce is Finalized appeared first on Maximum Real Estate Exposure.

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What Social Media Platform Works Best for You as a Real Estate Agent?

Realty Biz

More than 4.62 billion people are on social media — almost 60% of the world's entire population. It's no secret that social media platforms are some of the most powerful tools for businesses to reach their target audiences, but choosing the platform isn't as easy as it may seem — especially for realtors. This article will tell you everything you need to know about the different social media platforms and how to choose the one that will help you reach your target audience most effectively.

Agents 93
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Stigmatized Properties: Everything Buyers and Sellers Need to Know

Maximum Exposure Real Estate

Disclosure of Haunted Homes, Paranormal, Ghosts, and Murder What is a stigmatized property, and do you need to disclose them? A stigmatized property always brings out lively discussions among buyers, sellers, and real estate agents. Whenever Halloween rolls around, it is a perfect time to discuss one of the more ghoulish issues in real estate […].

Agents 98
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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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Stylish Prospect Heights Postwar Apartment With Vintage Kitchen, Parking, Parquet Asks $599K

Brownstoner

In a postwar elevator building close to Grand Army Plaza, this one-bedroom co-op offers many charming features with 1950s élan, including an original kitchen and bathroom in apparently fine condition. There are also large rooms, parquet and corner windows. It's on the sixth floor of 34 Plaza Street East, a full-service… Read More > The post Stylish Prospect Heights Postwar Apartment With Vintage Kitchen, Parking, Parquet Asks $599K appeared first on Brownstoner.

Closing 90
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How Can a Loan Be Denied After Funding: See 14 Ways!

Maximum Exposure Real Estate

Fourteen Ways to Get Your Mortgage Denied Did you know that a loan can be denied after funding? Unfortunately, you can lose your mortgage approval if you’re not careful. Getting pre-approved for a mortgage is an exciting experience. You now have the go-ahead to shop around and find the perfect home. But with all the […]. The post How Can a Loan Be Denied After Funding: See 14 Ways!

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5 Backyard Design Rules You Should Break in 2023

Realtor.com

Coates Photo by Design Architects Seattle via Houzz Creating a backyard space that’s both stylish and serene is in the cards for 2023. Whether you’ve been banking on a luxurious fire pit or a custom outdoor kitchen, now’s the time to start planning the outdoor living space that you’ve been dreaming of (and saving for). “The [COVID-19] pandemic taught us to not take our outdoor spaces for granted.

Design 89
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Buying a New Construction Home Process Explained

Maximum Exposure Real Estate

What to Know About Buying New Construction Homes Are you thinking about buying a new construction home? The idea of purchasing a brand-new house is appealing to many homebuyers. Going directly to the builder and being the first to live in a home offers advantages. However, buying a newly constructed home isn’t the same as […]. The post Buying a New Construction Home Process Explained appeared first on Maximum Real Estate Exposure.

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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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November 2022 Existing-Home Sales Fall to the Lowest Level Since November 2011

NAR: Economic Outlook

Existing-Home Sales Fall to the Lowest Level Since 2011. November 2022's housing market activity declined 7.7% from October 2022, and by 35.4% from November 2021. By: . Michael Hyman.

Sales 88
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Why You Need a Real Estate Attorney When Buying or Selling a House

Maximum Exposure Real Estate

What Does a Real Estate Attorney Do? Many consumers ask what does a real estate attorney do? Do I need one in my real estate transaction? Speaking from thirty-seven years of experience as a real estate agent, I can talk about the importance of having a lawyer in your corner. Buying a home isn’t the […]. The post Why You Need a Real Estate Attorney When Buying or Selling a House appeared first on Maximum Real Estate Exposure.

Agents 98
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Daily Links: NYC’s Vanishing Rent Regulated Apartments Not Easily Explained

Brownstoner

In the News Frank James to Plead Guilty to Terrorism in Brooklyn Subway Attack [NYT] How Hasidic Schools Reaped a Windfall of Special Education Funding [NYT] A Housing Market Hangover [NYT] One Dead After Car Falls Into Prospect Heights Train Yard [amNY] The Package Pickup Industry Coming to the Bodega Near You [Curbed] Tenants Frustrated After… Read More > The post Daily Links: NYC’s Vanishing Rent Regulated Apartments Not Easily Explained appeared first on Brownstoner.

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‘The Office’ Star Rainn Wilson Just Sold His Charming Seattle Home for $950K

Realtor.com

Getty Images / Realtor.com Actor and comedian Rainn Wilson has found a buyer for his vintage home in Seattle. Wilson iconically played the role of Dwight Schrute, assistant to the regional manager at Dunder Mifflin Paper Company, in NBC’s reboot of the British cult TV hit “The Office.” While the property does not include a beet farm fit for Schrute, this West Seattle charmer does offer beautiful views of Puget Sound and the surrounding mountains.

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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.