Fri.Aug 28, 2020

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Opendoor launches… a brokerage?

Housing Wire

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. The company, armed with $1.5 billion in VC funding, is looking to bring aboard real estate agents in Phoenix, Arizona, to support its “Home Reserve” iBuying platform, according to Inman , which spotted a jobs posting Friday morning.

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The Cost of Renting Vs. Buying a Home [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. The percentage of income needed to afford a median-priced home today is declining, while that for renting is on the rise. This is making buying a home an increasingly attractive option for many people, especially with low mortgage rates driving purchasing power. If you’d like expert guidance on exploring your homebuying options while affordability is high, reach out to a local real estate professional.

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Two home offices? Real estate agents dish on the latest must-have amenities

Housing Wire

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. But the agent with TeamBarham, Keller Williams Homewood didn’t expect the grub question. “The Birmingham Metro has a large suburban population and we have seen a larger than usual pattern to being outside the downtown district,” said Barham. “However, they do want to make sure they stay within the

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Millennials Help Power This Year’s Housing-Market Rebound

Realtor.com

David Paul Morris/Bloomberg via Getty Images Millennials, long viewed as perennial home renters who were reluctant or unable to buy, are now emerging as a driving force in the U.S. housing market’s recent recovery. Demand from millennials, who today range from their mid-20s to late 30s, has been increasingly important to the housing market since at least the middle of the last decade.

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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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HousingStack Phase 4: Lead conversion

Housing Wire

HousingStack is a real estate technology landscape that provides a dynamic visual that reflects the rapid changes in the sector. The HousingStack is exclusively for HW+ members. To join the HW+ community, go here. Keeping on the theme of leads , leads , leads , I’m going to highlight some of the products that focus almost exclusively on this area. You could argue that many of the companies we’ve covered so far in the HousingStack help in lead conversion, and you’d be correct.

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Brokers: Outpacing the Competition

RIS Media

Retaining Top Producers in a Competitive Environment. What: Brokers, how are you retaining your top agents during these trying times? Reserve your spot now for “Outpacing the Competition: Retaining Top Producers in a Competitive Environment,” sponsored by Cole Information. Moderated by Cleve Gaddis, leader of one of Georgia’s top 10 real estate teams and a coach with Workman Success Systems, this webinar will cover a range of topics that will help you build and maintain good re

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More Trending

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Cindy Crawford and Rande Gerber Selling Stylish Midcentury Modern Home

Realtor.com

realtor.com, Jerod Harris/Getty Images Looks like supermodel Cindy Crawford and her businessman husband, Rande Gerber , are cashing in on yet another real estate investment. The couple have placed an updated midcentury modern Beverly Hills home on the market for $15,995,000, Variety reported. A sale would be a quick turnaround—they purchased the property in 2017 for $11.63 million.

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Canada’s Drop In GDP Made The Economy Even More Dependent On Real Estate

Better Dwelling

Canada’s real estate industry has seen a smaller impact than the general economy during the pandemic. Statistics Canada (Stat Can) data shows residential investment fell in Q2 2020. The drop was smaller than the one GDP made though, meaning the economic dependency on real estate grew. At least for the next few months. Residential Investment […].

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FHFA refinance fee delayed, but don’t put off your refinance

The Mortgage Report

Fannie Mae and Freddie Mac's 0.5% refinance fee is delayed until December 1. But to avoid the fee and higher refinance rates, you need to apply sooner than that.

Loans 126
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Buyers Continue to Flood Markets Despite Inventory Shortage

RIS Media

The bidding wars may continue into the fall, according to data from realtor.com®’s Weekly Recovery Report for the week ending Aug. 22. The week reached a 106.6 Housing Market Recovery Index—a 1.8-point increase over last week and 6.6. points above the pre-COVID baseline of January 2020. Data shows that buyers are still out in full force despite a continuing shortage of inventory that’s driving prices upward.

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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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Don’t Forget Your Wardrobe! How to Pack Clothes for Moving Day

HomeLight

It’s taken what seems like an eternity to finally get to this point. The offer has been accepted , the home inspection is complete, and the documents have been signed. Now, it’s time to start packing your belongings so you can finally start moving into your brand new abode. Do you have a plan for how to pack clothes for moving day? We all know that if we are packing fragile items , we should wrap them in old newspapers, bubble wrap, or even soft linens so nothing is broken.

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Historic Castle With Old-World Charm Is Just as Ideal for New-World Living

Realtor.com

realtor.com It is possible to live in a historic castle for less than a million dollars. A 7,500-square-foot, European-style castle on Fairway Lane is available for $950,000 in Alliance, OH. Completed in 1930, the 26-room castle is listed on the National Register of Historic Places. “It has seven levels to the house, all of which are above grade. It’s very unique.

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How Online Rent Payments Benefit Property Managers & Residents

App Folio

Online rent payments aren’t just convenient, they’re also mutually beneficial for your residents and your business. If you’re still collecting paper rent checks and manually entering bank data, then now is the time to implement a paperless system. Here are ten ways that online rent payments benefit both you and your residents: #1 Saves Time & Money.

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Restaurants On The Water To Bring Your Boat

Waterfront Properties

Living in sunny Palm Beach County has its many benefits, one of them is being able to take your boat out to grab something to eat. Many restaurants are located on the water for your convenience to stop by before heading out to the ocean for some great fishing or just a normal cruise around the intracoastal. These local restaurants offer everything from seafood, pasta, burgers, sushi, tacos, and much more.

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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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Millennials Playing Major Role in U.S. Housing Recovery

Point2Homes

Image: 4 PM production / Shutterstock.com. While millennials have often been seen as reluctant or unable to purchase a home , this age group is now proving to be an important factor in the recent rebound of the U.S. housing market. Millennials, who are currently in their mid-20s to late 30s, have been a significant source of demand in the housing market for at least several years.

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Demand for in-person notary services causes delays

Realty Biz

Record demand for mortgages combined with the reduced availability of qualified notaries is causing delays in real estate transactions, Forbes reported this week. The homebuying process in the U.S. has increasingly shifted to the digital realm since the COVID-19 outbreak began, and both temporary and permanent legislation has been introduced to allow for more remote online notarization to take place.

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North County Appreciation 2006-2020

BubbleInfo

Our San Diego Case-Shiller Index is 10% above the previous peak of November, 2005. But that covers the whole county, so it made WC Varones speculate that the appreciation in NSDCC was higher – as much as 30% to 40% above peak. Our peak was later, so I searched the 2006-2007 time frame for tract […]. The post North County Appreciation 2006-2020 appeared first on bubbleinfo.com.

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Pitfalls to Avoid in the Purchase and Sale of a Property

Agent Drive

No matter which side of a transaction you’re on when it comes to purchasing and/or selling property, there are things you have to be mindful of when negotiating a deal. These things actually involve a huge array of different topics most people don’t even consider before they sign the contract, some of which appear as […]. The post Pitfalls to Avoid in the Purchase and Sale of a Property appeared first on AgentDrive.

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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 Close Special Report: The Best Virtual Staging Software & Tips 2020

The Close

Let’s face it. There’s just something sad about an empty house. Even if your buyers don’t say it out loud, you can be sure they’re thinking it when you send them a listing with cold, empty rooms. After all, if they don’t see it virtually staged online, it’s just a house—and no one wants to buy a house. They want to buy a home. This is why virtual staging is no longer optional when you have an empty listing to sell, or even when you have buyers who are dragging their feet and need some inspiratio

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How Increasing Student Debt Will Affect Young Home Buyers

Realty Biz

The effects of the COVID-19 pandemic are widespread, and they’re not just affecting seasoned full-time workers. College students, in particular, are facing a lot of uncertainty — not just in the short-term but potentially for years — or even decades — to come. Students are having an even harder time paying for college in light of the pandemic and taking on more debt as a result.

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Golfer Jim Furyk Takes Another Swing at Selling $4.7 Maui Mansion

Realtor.com

realtor.com, Rey Del Rio/Getty Images Pro golfer Jim Furyk is taking another swing at selling his lovely home in Lahaina, HI. The Maui mansion is available for $4.7 million. The spectacular island getaway has come on and off the market for over a decade, with an asking price of as much as $7.5 million back in 2008. Over the years, that has been whittled down, to $6.9 million in 2012 and then two years later, to $5.9 million.

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Urban Exodus

The Residential Specialist

Photo: iStock.com/Cemile Bingol/Amanda Goehlert. Housing priorities are shifting due to COVID-19. By Kathleen Hagan. In the early 2010s, many cities across the U.S. experienced growth as the economy began to recover from the Great Recession. Marketing to What Buyers Want. During this time of urban exodus, buyers are looking for: More indoor square footage.

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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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Greenwood Heights Boutique Condo With Huge Roof Deck, Penthouse Office Asks $1.15 Million

Brownstoner

This two-bedroom, two-bathroom condo offers clean, modern design inside and out, three outdoor spaces and a penthouse office with privacy -- all nice to have at any time, but especially convenient during COVID times. Unit No. 4 at 274 22nd Street, a new four-unit condo development in Greenwood Heights, is a… Read More > The post Greenwood Heights Boutique Condo With Huge Roof Deck, Penthouse Office Asks $1.15 Million appeared first on Brownstoner.

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REAL Trending Special Edition: Leading Through a Challenging Market

Real Trends

A real estate attorney and title insurance company owner, Elias decided to expand and purchase a RE/MAX franchise--in the middle of a pandemic. Find out how they managed a successful virtual transaction.

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City Planning Hopes to Push Gowanus Rezoning Through Public Review Before Mayoral Change

Brownstoner

The city’s chief planner will push to complete the vast Gowanus rezoning before Mayor Bill de Blasio leaves office and elections shake up the City Council, she said on Wednesday. “There is so much potential [in Gowanus] for creation of housing and a significant amount of affordable housing, for job generation,… Read More > The post City Planning Hopes to Push Gowanus Rezoning Through Public Review Before Mayoral Change appeared first on Brownstoner.

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Snorkeling In Palm Beach County

Waterfront Properties

Grab your snorkeling mask and goggles and head to northern Palm Beach County and visit some of the best snorkeling spots in our area. Northern Palm Beach County is filled with marine life and corals that attract hundreds of different kinds of tropical fish right below the water’s surface. Here are some hidden gem’s and must-see snorkel spots in our area.

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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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Homeowner Tips: Green Updates That Add Value to Your Home

RISMedia

By Jordan Fuller There are many good reasons to make your home more energy-efficient, but in addition to reducing your carbon footprint and lowering your monthly utility bills, making green updates to your property can also raise your home's value. Here are a few ideas to consider: Lighting It doesn't matter if you're planning to […]. The post Homeowner Tips: Green Updates That Add Value to Your Home appeared first on RISMedia's Housecall.

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Garden Grubs: How To Slay the Nasty Worms in Your Yard

Realtor.com

Ian Dyball/Getty Images Have you noticed any dead or spongy patches of grass on your lawn lately? They could be the work of garden grubs. While these gross little wormlike creatures are harmless to humans, they may murder the heck out of your garden. Brown grass or clusters of dead plants are always concerning for homeowners. But if you haven’t been hit with a nasty drought lately, or doused your lawn in toxic chemicals, you may be playing host to these unwelcome pests.

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Are Mortgage Points a Good Deal for Buyers? What You Need

HomeLight

As if mortgage rates aren’t confusing enough , lenders had to throw discount points into the mix. What are points on a mortgage loan, anyway? Many lenders now give you the option to buy down your mortgage interest rate through discount points, saving you money over the life of your home loan. But are discount points really a good deal for buyers? Like many things in the mortgage world, the answers tend to be case-by-case.

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Daily Links: Revel Mopeds Return to City Streets, Cuts Lead to Garbage Pile Up at Parks

Brownstoner

In the News Trash Piles Up in Parks, Just When New Yorkers Need Them the Most [NYT] A Perk for NYC's Richest Areas: First Dibs on Top Public Schools [NYT] These Roommates Scoured Brooklyn for a Place With Great Amenities [NYT] Researchers to Study Air Quality, Traffic in Downtown Brooklyn [BP] Gowanus: Rich Neighborhood and… Read More > The post Daily Links: Revel Mopeds Return to City Streets, Cuts Lead to Garbage Pile Up at Parks 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.