Tue.Jul 28, 2020

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Guidance and Support Are Key When Buying Your First Home

Keeping Current Matters

In June, the number of first-time homebuyers accounted for 35% of the existing homes sold, a trend that’s been building steadily throughout the year. According to the National Association of Realtors ( NAR ): “The share of first-time buyers increased in March through June—right into the heart of the pandemic period and the surge in unemployment—and is now trending higher than the 29% to 32% average in past years since 2012.

Mortgages 250
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Critical Questions To Ask Your Mortgage Adviser

Rent, Buy & Sell

Buying a house is a stressful process, but mortgage advisers can give you great advice and help you land on your feet after securing your next real estate venture. They act as an intermediary between lender and borrower, and can answer critical questions regarding your loan application. From narrowing down the most suitable mortgage for your individual needs to helping you evaluate mortgage costs, a good mortgage adviser like Elementary Mortgage Solutions will play a pivotal role in nudging you

Mortgages 142
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Bank of Canada Pumping Billions Into Mortgage Liquidity To Prop Up Real Estate

Better Dwelling

Canada’s central bank is desperately trying to prop up real estate markets with liquidity. Bank of Canada (BoC) has been injecting billions into Canada Mortgage Bonds (CMBs). The central bank began purchasing a few million worth of bonds during last year’s real estate slow down. As the pandemic hit, the BoC began buying hundreds of […].

Banks 127
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Customer Experience: What It Means & Why It Matters More Than Ever

App Folio

You hear it all the time, “The customer is always right,” but what many often don’t take away from that statement is just how important it really is to make sure you’re delivering great customer service to your residents. More than just giving residents what they want, it’s creating a customer experience they will remember and want to come back to. It’s fairly easy to attract customers, but much more difficult to keep them for the long-run and earn their loyalty.

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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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Here’s the Estate that Served as Inspiration for “The Great Gatsby’s” Opulent House in the 2013 Movie

Fancy Pants Homes

If you’ve ever envied the lavish lifestyle of Jay Gatsby, F. Scott Fitzgerald’s character in the classic 1925 novel, then you might want to pay a visit to Long Island’s North Shore. This glamorous enclave is home to some of the most breathtaking properties in all of New York, and it served as inspiration for Fitzgerald’s fictional towns of West Egg and East Egg in The Great Gatsby. .

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First Team High Desert’s Commercial Broker Bruce Kallen Closes $8.2 Million in Sales in Just One Week

First Team Real Estate

HESPERIA, CA – Commercial broker and manager of the First Team Real Estate High Desert offices, Bruce Kallen recently closed escrow on two significant commercial transactions totaling over $8 million in closed sale volume. The two transactions expertly closed in the same week, include a 32-unit apartment building in Northern California closing for $6.75 million, and a $1.45 million 7-11 anchored strip center in the Victor Valley.

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Will mortgage rates fall again after this week’s Fed meeting?

The Mortgage Report

Editor’s note: This article was originally published on June 10, 2020, and updated on July 28, 2020, with the latest Fed forecasts Don’t wait on the Fed for lower mortgage […].

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B.C. Continues Multi-Year Decline of First-Time Homebuyers

Better Dwelling

British Columbia is running out of first-time buyers, despite falling prices. Government of British Columbia filings show first-time homebuyers made a small increase in June, compared to the month before. However, this increase wasn’t big enough to reach last year’s levels. The province continues the multi-year trend of declining first-time homebuyers.

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5 Mistakes You Should Avoid When Dealing with Independent Contractors

Rent, Buy & Sell

When you’re hiring a contractor for any home project, you’re basically trusting them with one of your most important assets. Still, so many people rush the process of hiring a contractor and are surprised when things go wrong. Others might end up exposing themselves to legal repercussions or see projects come to a halt because of compliance issues. This is why it’s important that you know what to look and ask for when picking a contractor, and to avoid some of the common mistakes people commit w

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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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Should I pay off my mortgage or invest the money instead?

The Mortgage Report

You have extra cash — should you pay off your mortgage early or invest? Here's how to decide.

Mortgages 116
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Inside a Modern Haven in Hidden Hills

Sotheby's International Real Estate

California is known the world over for its glorious temperate climate and striking terrain, and taking advantage of the sunny days, cool nights, plentiful sunshine, and dramatic views has never been easier than at this expansive home on a peaceful cul-de-sac in the coveted gated community of Hidden Hills—renowned for its equestrian facilities and celebrity denizens.

Land 82
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New real estate search engine reveals “the truth” about properties

The American Genius for Real Estate

(REAL ESTATE TECHNOLOGY) Is Localize changing the house hunting game or are they just fooling themselves? The post New real estate search engine reveals “the truth” about properties appeared first on The American Genius Real Estate.

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6 Products to Creatively Make the Most of Your Small Space

Homes.com

In order to make the most of a small space, you have to get creative with how you use products. Here are six ideas to get you started with making your small space feel larger. The post 6 Products to Creatively Make the Most of Your Small Space appeared first on Homes.com.

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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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Mortgage rates today, July 28, 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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#267: This Year’s Financial Reckoning, with Farnoosh Torabi

Afford Anything

This week, one of the most acclaimed names in the world of personal finance journalism joins us to reflect on the events of 2020. Farnoosh Torabi started covering personal finance in 2003 as a reporter for Money Magazine. She later became a correspondent for Jim Cramer’s The Street and the host of CNBC’s primetime show Follow the Leader.

Finance 78
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Christie’s International Real Estate Magazine | July – September 2020

First Team Real Estate

Christie’s International Real Estate magazine has been creating an unprecedented level of visibility to the world’s most affluent buyers and sellers since 1985. Released quarterly, the publication has an annual readership of half a million covering a variety of topics from arts and leisure, to home décor, electronics, aviation, and more – all alongside an impressive showcase of the world’s most exclusive real estate from the network of Affiliates.

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5 Things to Know When Buying a Home During Florida’s Hurricane Season

RISMedia

By Reese Stewart Florida is the boating and fishing capital of the U.S. It's also home to white sandy beaches, palm trees swaying in the wind and golf courses by the dozen. In 2019, the state's economist estimated that more than 900 new residents each day took advantage of the beautiful weather and affordable lifestyle. […]. The post 5 Things to Know When Buying a Home During Florida’s Hurricane Season appeared first on RISMedia's Housecall.

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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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Agent-Builder Partnership: 3 Tips That Real Estate Professionals Need to Know

McKissock

The relationship between a builder and a real estate agent can be a complicated one. This relationship is often portrayed as antagonistic. The two are usually pitted against each other in competing for homebuyers and sales. In fact, there are several myths and misconceptions that builders, real estate agents, and even buyers hold that affect this relationship.

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What Is the Difference Between Escrow and Escrow Accounts?

Point2Homes

Image: Natee Meepian / Shutterstock.com. Whether you’re buying or selling , a real estate transaction is a complicated process, filled with things you might not fully understand at first. One word that tends to crop up throughout the process is escrow. But what does it mean, and why is it important? Let’s find out below. What Does Escrow Mean? Put simply, escrow is a legally binding arrangement in which a third party takes custody of sums of money, deeds, and documents, until a specified agreeme

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3 Ways To Stay On Top Of Home Maintenance

Louisville Homes

When my parents put their home of thirty years on the market, it became known as a fixer-upper. For a big property in a good area, they received a paltry sum because it required a lot of work for the home to be worth owning. If they had been updating the property and stayed on top of home maintenance, it would have been a different story. Making sure your home’s most important features are in top working condition is always the smart choice.

Banks 52
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Microsoft announces new real-time customer feedback tool

The American Genius for Real Estate

(REAL ESTATE TECHNOLOGY) Customer Voice is Microsoft’s CRM solution for real-time feedback to help you understand your customer needs, and address them quickly. The post Microsoft announces new real-time customer feedback tool appeared first on The American Genius Real Estate.

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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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Why CRE is Underwriting Technology into New Deals

Enertiv

Summary The record $300 billion of dry powder to buy distressed assets is still on the sidelines despite the fall in values due to the coronavirus Investors are beginning to explore how technology can bolster their distressed fund strategy to help mitigate risk and maximize asset value Technology focused on cost savings can become a new tool in an investors arsenal While no one saw a global pandemic coming, many commercial real estate investors have long believed that prices were too high and th

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20% of Winning Home Offers Waived the Inspection Contingency in June, Up From 13% Last Year

Redfin

More buyers are making concessions to win bidding wars amid a deepening housing shortage, record-low interest rates. In June, 19.9% of successful offers submitted by Redfin agents in select major U.S. markets waived the inspection contingency, compared with just 13.2% during the same month in 2019. Winning offers waived the appraisal contingency at a similar rate—20.6%—up from 17.4% in June of the prior year and representing the largest share since at least 2018, when Redfin began tracking this

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23 Real Estate Marketing Tools Every Agent Needs in 2020

The Close

Over the years, we’ve seen tons of agents, teams, and brokerages that took our advice and built great brands. Of course, when it came time to show off their new brands online, most dropped the ball. They didn’t take the time to find the real estate marketing tools that would help them look professional online. That’s why we decided to put together this comprehensive list of the best real estate marketing tools available for agents, teams, and brokerages in 2020.

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The Best Performing Real Estate Facebook Ads

Boom Town

We are cruising through the summer buying season, and with June behind us, it’s time to take another look at some of our Facebook digital advertising data. (Giving you insights into how to nail your Facebook advertising strategy.). Let’s first take another look at our COVID-19 impact analysis to see how June’s campaigns have been affected. In the chart below, you’ll see a dataset showing a comparison of May and June’s results.

Branding 111
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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.