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.

As-is 52
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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 479
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Yes, the market is slow — but for boutique teams, it’s an opportunity

Real Estate News

Side President Steve Capezza, who moved to the brokerage platform in January after almost a decade at Zillow, believes there’s power in finding joy in the work.

Brokerage 262
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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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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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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 263
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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

Principal 422
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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 199
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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 409
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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.

Mortgages 178
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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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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.

Brokerage 401
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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 177
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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 397
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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 163
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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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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!

MLS 124
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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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Luxury Real Estate Headlines: Second Week in October, 2023

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, and home. Washington, D.C. | TTR Sotheby’s International Realty The late former secretary of state hosted monthly dinners with foreign-policy experts at the Georgetown row house. Madeleine Albright’s Washington, D.C., Home Is Up for Sale – The Wall Street Journal A Vacation Rental for A-Listers, This Martha’s Vineyard Estate Can Be Yours for $14 Million – Robb Report Lakers-Themed Basketball Court and a Rooftop

Sales 118
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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 195
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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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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.

MLS 115
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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 145
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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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‘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 154
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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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Building Materials Price Inflation Cools in September

Eye on Housing

According to the latest Producer Price Index report, the price level of inputs to residential construction less energy (i.e., building materials) was unchanged in September (not seasonally adjusted) after climbing 0.4% in August. Prices have increased 0.8%, year-to-date, the smallest YTD gain through September since 2019. The Producer Price Index for all final demand goods rose 0.9% in September after increasing.

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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 120
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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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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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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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LeadingRE Adds More Tech to Solutions Group

RIS Media

Leading Real Estate Companies of the World® has announced the addition of Scott Le Roy Marketing (SLM) to its Solutions Group program of preferred business resources, SLM provides agent and technology onboarding, as well as ongoing technology support services to brokerages of all sizes. SLM’s range of solutions encompasses the setup of agent technologies such… The post LeadingRE Adds More Tech to Solutions Group appeared first on RISMedia.

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Should I Sell My Home to a ‘We Buy Houses Anywhere’ Company?

HomeLight

Facing the need for a fast home sale can be daunting, especially if your property requires significant repairs. In today’s market, you’ll find companies that advertise, “We Buy Houses Anywhere.” These businesses make all-cash offers, often for homes that might be seen as fixer-uppers. For homeowners who lack the time, expertise, or funds for extensive repairs, this can sound like a dream solution.

Investor 100
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Remodeling Market Sentiment Declines in Third Quarter

RIS Media

Remodeling market sentiment declined three points to 65 in Q3 2023, according to the latest NAHB/Westlake Royal Remodeling Market Index (RMI) from the National Association of Home Builders (NAHB). The report found that the Current Conditions Index averaged 72, falling five points compared to the previous quarter. All three components declined in Q3: the component… The post Remodeling Market Sentiment Declines in Third Quarter appeared first on RISMedia.

Marketing 110
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Are Model Homes Worth Buying?

Maximum Exposure Real Estate

A model home is a showcase property builders use to display their work to potential buyers. It represents the design, layout, and features of homes under development. Usually, various styles of model homes are available, and they are typically the last ones to sell in a development. To purchase a model home, you’ll need to […] The post Are Model Homes Worth Buying?

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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.