Fri.Oct 13, 2023

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Capital Expenditures in Real Estate: A Comprehensive Guide

Swiftlane

Let’s Get Started In the ever-evolving world of real estate, one term that consistently finds its way into discussions, negotiations, and business strategies is “Capital Expenditures.

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5 steps to succeed as a real estate agent in a down market 

Housing Wire

It’s a weird time to be a real estate agent , and I see it all around me here in the Denver metro. Brokers who rode the proverbial wave of real estate during the pandemic and have now had to reroute or pivot to figure out how to navigate a market that was once boasting the lowest rates in decades are disoriented. For those of us who have spent most of our careers in real estate, we know what it’s like to be part of a feast or famine industry.

Agents 497
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The Difference Between Renting and Buying a Home [INFOGRAPHIC]

Keeping Current Matters

When deciding between buying a home or renting, think about these three important factors.

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CrossCountry in talks to acquire Fairway: sources

Housing Wire

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. CrossCountry Mortgage is in talks to acquire Fairway Independent Mortgage Corp. , nine industry sources told HousingWire. The talks remain ongoing and are not believed to be in the late stages, sources said. If the deal is completed, it will catapult CrossCountry to becoming the fourth-largest mortgage lender in the country, behind United Wholesale Mortgage (UWM), Pennymac Financial a

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The 2025 Real Estate Roadmap to Success

Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.

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Mixed perspectives on NAR following Redfin’s exit

Real Estate News

Zillow, Windermere affirm their commitment to the association, while a top brokerage leader calls out “dysfunctionality” and a disconnect from member needs.

Brokerage 264
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‘Fraudsters gotta eat too:’ The title industry navigates an uptick in fraud

Housing Wire

Fewer homebuying transactions means less fraud , right? “No! What it means is there is a higher percentage of potential fraud per file,” Elizabeth Berg, the vice president for education and training at FNF Family of Companies , told attendees of the American Land Title Association’s ALTA One conference on Thursday. Or as Berg also put it: “Fraudsters gotta eat too.

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The Beinfield Team in Connecticut returns to Compass after brief departure

Housing Wire

The Connecticut-based Beinfield Team returned to Compass , the company announced on Tuesday. “This transition is all about securing the future success of my team,” Liz Beinfield, the team’s principal agent, said in a statement. “It means access to the industry’s leading technology platform and a vast agent referral network that will yield the greatest returns over time.” The Beinfield Team was with Compass from December 2019 to January 2023 before departing f

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Real adds 56 real estate ‘Legends’ in Northern California

Inman

Real Brokerage has added 56 agents through the acquisition of Legends Real Estate in Sacramento led by John Pope, a 45-year veteran of the industry.

Brokerage 202
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Indie firm Legends Real Estate makes the jump to The Real Brokerage

Housing Wire

Indie brokerage Legends Real Estate has joined The Real Brokerage , expanding Real’s footprint in No rt hern California. Industry veteran John Pope founded the Sacramento-based brokerage in 2020 and will serve as a regional broker for Real. As part of his new role, he will oversee Northern California for the brokerage. Legends has 56 agents. “Throughout his 45-year career in residential real estate, John has developed a reputation for helping new agents succeed,” Real President Sharran Srivatsaa

Brokerage 447
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Listings tick up and prices tick down during an ice-cold fall market

Inman

The added punch of mortgage rates nearing 8 percent is making this year's fall selling season particularly slow.

Marketing 202
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Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

Speaker: Abdi Ali, Sr. Lease Accounting Consultant

Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.

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Opinion: Creativity is required to succeed in real estate M&A today

Housing Wire

Given the state of the market over the last year, some have commented that the merger and acquisition market has gone quiet and that it is nearly impossible to get large deals done. We were honored to represent the owners of DPP in Pasadena, Calif., and Realty Austin in Austin/San Antonio, in their transactions with Compass over the past few weeks. Obviously, with these two announcements, it is clear that some great combinations can still happen.

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Very superstitious: Agents say Friday the 13th can jinx a deal

Inman

St. Joseph statues, canceled flights, horseshoes, oh my! When clients are already nervous about a transaction, Friday the 13th could be the 'nail in the coffin,' agents said.

Agents 190
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Grant Moon’s BlueForceX sees opportunities to help lenders save costs, grow production

Housing Wire

Investing in tech to save costs and get business in the door has become ever more important in an origination market facing extended headwinds. Recognizing the opportunities in the mortgage space, Grant Moon , former CEO and founder of fintech platform Home Captain , is gearing up to launch his new firm – BlueForceX. As a mortgage technology optimization platform, BlueForceX would provide data solutions, cut inflated tech solutions costs, and advise market positioning strategies.

MLS 434
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Housing groups including NAR float wonky idea to cut mortgage rates

Inman

NAR united with lending groups on Thursday to urge the Federal Reserve to maintain its current mortgage holdings in order to narrow a wide "spread" between 10-year Treasurys and mortgage rates.

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Driving Profit: 4 Pillars for Growing Your Real Estate Brokerage

In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.

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Wells Fargo, JPMorgan show two different paths for mortgages in Q3 2023

Housing Wire

At two top-five depository mortgage lenders, Wells Fargo and JPMorgan Chase , the third quarter of 2023 earnings reflected different strategies in the mortgage space. During Q3, Wells Fargo faced the consequences of exiting the correspondent lending channel in January, which resulted in reduced revenues from mortgage origination and servicing compared to the previous quarter.

Mortgages 434
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An agent got creative with a listing. He wasn’t ready for the backlash

Inman

Nicholas Greer decided to have some fun with one of his listings. He made a lot of people angry. "I’m just an artist at heart," he told Inman earlier this week. "I can’t turn that off.

Agents 187
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Airbnb CEO Says Platform is Fundamentally Broken—His Solutions Might Scare Investors

Bigger Pockets

Recently, CEO Brian Chesky admitted Airbnb had its faults but illuminated a path forward that might not be as favorable to investors. Here's what you need to know.

Investor 134
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‘Sudden’ reversal, mid-storm, Anywhere: Inman’s Top 5

Inman

With Inman Top 5, you'll find the most essential stories, chosen by our readers. Here are the most-read stories of Oct. 6-13, 2023.

Agents 183
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Tech-Forward Strategies for Scaling Agent Efficiency & Accelerating Growth

As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.

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Are Rental Properties a Good Investment?

Bigger Pockets

For many years, rental properties have been one of the best (and most popular) ways to generate passive income. However, before you go down this path, it’s important to understand the finer details of investing. The knowledge you collect upfront will improve the likelihood of a positive experience.

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Qwik Fix aims to repair the post-inspection process: Tech Review

Inman

Qwik Fix gives sellers the ability to quickly respond to the most needed repairs and buyers the chance to consider what’s really important for them to have ready before move-in.

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Six Sources of Deals That Investors and Agents Can Capitalize on in Any Market

Bigger Pockets

In any market, these deals exist. You just have to find them. Here's what you need to know.

Investor 131
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How sweet it is: Honey Homes doubles clientele after $9M round

Inman

The company has doubled its household count to 1,000 within three months on the heels of a $9 million Series A funding round in June led by Khosla Ventures. In total, Honey Homes has raised $12.1 million.

Finance 178
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The Broker Action Plan for the Post-NAR Lawsuit Landscape

Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.

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Boo! 5 Haunted Houses to Usher in Spooky Season

RIS Media

Empty houses can be unsettling; there’s an oddness to a place that’s built to be lived in is instead bare and lifeless. Appearances can be deceiving, though, and sometimes these kinds of houses might not be so empty…or maybe their late inhabitants never left. Haunted houses are, surprisingly (or not), a novelty that doesn’t impede… The post Boo!

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How to transform your public speaking fear into a superpower

Inman

A fear of public speaking is common, yet it's often perceived as a weakness. NYC agent Nikki Beauchamp teaches you how to turn that anxiety into fuel for your next presentation.

Agents 174
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Money is Broken in Our System and No One Has Control Over It Anymore

Bigger Pockets

Why is there still high inflation after all of the interest rate increases? Why does the Fed seem to not be in control? The answer: money is broken. Here's why.

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The Ultimate Safety Net: Real Estate Webmasters’ MLS Backup Service

RIS Media

In the ever-evolving world of real estate technology, the need for a robust backup system has never been more apparent. With the introduction of Real Estate Webmasters’ MLS Backup service—a game-changing solution designed to ensure that MLSs and brokerages are never left in the lurch, even in the face of catastrophic hardware failures or ransomware… The post The Ultimate Safety Net: Real Estate Webmasters’ MLS Backup Service appeared first on RISMedia.

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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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The Case Against REITs and Why There Are Better Assets

Bigger Pockets

Last week, the case was for REITs. This week, the case is against it. Here is investor Brian Davis' take on REITs.

Investor 127
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12 Compelling Reasons to Hire a Real Estate Photographer

Realty Biz

In today's highly competitive real estate market, making a lasting impression on potential buyers or renters is crucial. While there are many factors that contribute to the successful sale or rental of a property, one often underestimated aspect is the quality of photography. In an age where first impressions are largely formed online, investing in professional real estate photography can make all the difference.

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The Rookie’s Step-by-Step Guide to Home Renovation Projects

Bigger Pockets

When done well, home renovations can help you make a SERIOUS profit on your properties.

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Consumer Sentiment Continues Decline This Month

RIS Media

Consumer sentiment fell this month, down 7% following two consecutive months of little change, according to the latest report from the University of Michigan, which tracks the data through its monthly Surveys of Consumer. October’s consumer sentiment reading came in at 63.0, lower than September’s reading of 68.1, but still 5.2% higher year-over-year.

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Boldtrail Backoffice - Take The Quiz to See What Package Is Right For You

BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.