Fri.Apr 30, 2021

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Scottsdale housing market: Not just for snowbirds anymore

Housing Wire

Historically, retirees have always put Scottsdale high on their list of destinations when looking to take advantage of lower home prices, larger lots, agreeable weather and low cost of living. But the Scottsdale housing market, and Arizona as a whole, has seen an enormous uptick in out-of-state movers in the past 14 months — when the COVID-19 pandemic began spreading across the country, ultimately allowing people to work from home and seek larger, more cost-effective lots to live on.

Marketing 543
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Should I Buy Now or Wait? [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. If you’re thinking that waiting a year or two to purchase a home might mean you’ll save some money, think again. Mortgage interest rates are currently very low, but experts across the board are forecasting increases in both home prices and interest rates. Buying a home now means you’ll spend less in the long run. Contact a local real estate professional to put your plans in motion before home prices and mortgage rates climb even higher.

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The future of U.S. real estate commissions

Housing Wire

Glenn Kelman, CEO of Redfin, and Luke Babich, chief operating officer of Clever (left to right). This is the final of a three part series on residential real estate sales commissions. Part one explained the history of sales commissions , and the labor market for real estate agents. Part two dove into legal challenges of the present commission system, and the industry’s defense of commissions at the present level of 5% a home sale.

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$1.35M Austin Home Renovated by the Property Brothers Sells in a Day

Realtor.com

realtor.com We know Austin, TX, is one of the country’s hottest real estate markets. We also know the impact of remodels featured on HGTV’s popular “Property Brothers.” Join those two unstoppable forces together, and you’ll wind up with a home that sells more quickly than you can say “new listing.” The show’s stars, Jonathan and Drew Scott , completed a remarkable renovation of this midcentury modern way back in Season 4 of their long-running show

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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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Your home appraisal came in lower than your offer – Now what?

Housing Wire

In today’s booming housing market, sellers have their pick of home offers. According to a study by Realtor.com , the median home listing price is up 15.6% compared to last year. Now, more than ever, sellers have a chance to get more money for their homes. And while this is great for sellers, it leaves buyers asking: “How can I stand out in such a competitive market?

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Home Prices Are Rising As More Supply Is Built. That’s How It Works

Better Dwelling

Home prices are expensive. Let’s build more homes, and the cost of all of them will become affordable. It’s supply and demand… like your local politician and mysteriously funded community group always say. Except homes are being built and delivered at a record pace, way in excess of population growth. You’re getting a little suspicious. […].

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7 Key Steps to Sell a House That Has Flooded in the Past

HomeLight

An estimated 15 million homes in the U.S. are at an immediate risk of flooding, according to a flood database formed by the nonprofit First Street in 2020. Homes on the coast can be particularly vulnerable to flooding caused by hurricanes or high tides. During Hurricane Harvey, historic flooding left nearly 135,000 homes damaged or destroyed ; Katrina caused even more destruction, ravaging 800,000 housing units.

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Few may actually qualify for low-income refi program

Housing Wire

The great refi boom in 2020 wasn’t exactly equitable. Wealthier borrowers with stable jobs and high credit scores were fortunate enough to lock in a forever rate , typically lowering their monthly mortgage payments by hundreds of dollars. But the lower-income borrowers? They were more likely to be mired in some form of forbearance plan than be given the opportunity to modify their mortgage with a rate below 3%.

Finance 397
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More Buyers Expect House Search Will Get Easier in Months Ahead

Eye on Housing

In the first quarter of 2021, more prospective home buyers (33%) expect that finding the right home will get easier in the months ahead than did a year earlier (25%), according to the latest Housing Trends Report.

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LoanDepot forms JV with homebuilder LGI Homes

Housing Wire

Top retail mortgage lender loanDepot has formed yet another strategic joint-venture with a fast-growing homebuilder. California-based loanDepot has formed a JV partnership with LGI Homes , called LGI Mortgage Solutions , the companies announced on Thursday. “Having been a preferred lender with LGI Homes since 2015, we have been extremely impressed by each other’s ability to scale while still delivering industry-leading customer service,” said Dan Peña, executive vice president

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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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Your Guide to Replacing Your Windows

Realty Biz

Although it may appear that your windows can stand the test of time, this isn’t the case. At some point, you are going to need to swap them out for new ones. This isn’t a project that you should take lightly, though. . If you want to make sure that you get stylish, long-lasting frames and panes, then you need to make the right decisions. In case you are curious about how to do this, go ahead and check out the following guidelines: Pay Attention to Quality.

Design 120
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Why outsourcing is a key resource in a purchase market

Housing Wire

Community lenders have big opportunities in today’s purchase market. As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. Including credit unions, community banks, and small-to-midsize independent mortgage bankers, the community lending segment has grown rapidly in market share over the past 10 years, mostly at the expense of large

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ARM vs. Fixed-Rate Mortgage: Which Home Loan Is Better for You?

Realtor.com

If you’re raring to buy a home , chances are you’ll need a mortgage. But which kind of mortgage should you get? Home loans aren’t one size fits all, but come in a variety of forms to suit home buyers in different circumstances. One good place to start figuring out your options is a mortgage calculator , where you can plug in various home prices and and have this sum broken down into monthly payments.

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The mortgage ecosystem is fractured – Here’s how to fix it

Housing Wire

An ecosystem is a complex network of organisms that live and interact in a mutual environment. For that ecosystem to maintain and survive each organism must work together in a symbiotic manner. The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. In order for brokers and lenders to work together in symbiosis as organisms of this ecosystem, the technology must also allow for it.

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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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After Years on the Market, Clinton Hill’s Remarkable Pfizer Mansion Enters Contract

Brownstoner

After a long stint on the market, one of Brooklyn’s most beloved homes has entered contract. Located at 280 Washington Avenue in the Clinton Hill Historic District, the Queen Anne brownstone is referred to as the Pfizer Mansion, and has a colorful history: one of a pair of houses designed in… Read More > The post After Years on the Market, Clinton Hill’s Remarkable Pfizer Mansion Enters Contract appeared first on Brownstoner.

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Educate your real estate clients to make a connection that lasts

Easy Agent Pro

Aside from the inability to find a home in the current market, a huge swath of America’s homebuyer pool claims that the most difficult steps in buying a home are understanding the process and the paperwork ( NAR 2020 Generational Trends ). Getting an understanding of the purchase process is so important to buyers that an agent’s knowledge of it is the number two most important quality that buyers seek in an agent (honesty is number one).

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So Long, Buggy Nights: Here’s the Cost to Add a Screened-In Porch

HomeLight

Grab a cold glass of lemonade, an Adirondack chair, and a bistro table: You’re ready to add a screened-in porch to your home. Different from a sunroom — which includes paned windows, window treatments, and utilities such as air conditioning — a screened porch is a permanently airy space. “It’s 300 square feet without bugs,” says James Moylan of Design Builders, Inc., a licensed, bonded and insured contractor in Bethesda, Maryland, since 2006.

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Luxury Real Estate Headlines: Final Week in April 2021

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. San Francisco, California | John Kirtland, Sotheby’s International Realty – San Francisco Brokerage. For lovers of all things Parisian, this spectacular, almost century-old mansion in the heart of San Francisco’s coveted Pacific Heights neighborhood could be the closest you’ll get to the City of Light for a while.

Brokerage 101
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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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Your Home Lacks a Garage: What Will It Cost to Build One?

HomeLight

You love your house, except for one little detail: It doesn’t have a garage, or your existing garage is falling apart. Perhaps you live in the city where garages aren’t a guarantee. In 2019, as many as one in five new homes in the New England region were built without this coveted feature. If you’re tired of your current garage’s condition or size, that’s valid, too.

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9 Great Places To Buy (or Find) Used Patio Furniture

Realtor.com

Getty Images Maybe you spent all the pandemic making your backyard an oasis, with lush landscaping and even a victory garden. What’s missing: some comfortable patio furniture to truly enjoy it. “Spring and summer always brings people outside, which sparks their interest in looking for outdoor furniture,” says Serena Appiah , owner of “Thrift Diving,” a blog about designing your home on a DIY budget.

Design 101
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What Should I Offer? CMA’s Are Not Just for Sellers

Realty Biz

When it comes time to put an offer on a home a homebuyer is going to wrack the brain over what a house is worth. Often, we hear the term Comparative Market Analysis or CMA when a seller is trying to determine a price for their home. But CMAs aren’t just for sellers, they can be very helpful to buyers as well. What Is The Purpose If A CMA? A CMA in real estate is a report that is compiled by a real estate agent to estimate a home’s value in the current real estate marketplace.

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Tarek El Moussa and Christina Haack Together Again—for Season 11 of ‘Flip or Flop’

Realtor.com

HGTV Tarek El Moussa and Christina Haack are back for Season 11 of “Flip or Flop.” So much has changed since these exes were last on air together—El Moussa is engaged to Heather Rae Young , Haack is divorced from Ant Anstead —but this flipping duo has stuck together and stayed the course. And for good reason: For all their differences and occasional bickering, they make a great flipping team.

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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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Southern California’s Last-Minute Mother’s Day Guide

First Team Real Estate

Haven’t thought about what to do for Mother’s Day yet? Not a problem. It doesn’t take a lot of planning to make the day special for the awesome woman who gave you life. Here’s our list of suggestions for how to make your Mother’s Day unforgettable. Little Somethings. These are things you can do for your mom without even leaving the house. A small gift or token, a gesture; just a little something to show you care.

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An Agent-Centric Brokerage and Franchise

GeekEstate

[Note from editor: The “Mastermind Showcase” highlights companies and news from members of the GEM. Today’s showcase: JPAR.]. A full-service brokerage at a capped, transaction fee cost with over 3,500 agents across the U.S., JPAR Real Estate closed more than 22,000 transactions in 2020, with total sales volume topping $5.5 billion. Its franchise services launched in Fall 2018 and has since sold 50+ franchises, with 200+ realtors joining the team each month.

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4 Ways to Give Your Backyard a Farmhouse Look

RIS Media

With spring in full effect, more people are looking at their outdoor spaces to create a stylish place to spend time with family and friends. For those who love a farmhouse aesthetic, items like reclaimed wood and wicker can be a great addition to your deck, patio or yard. To pull off a rustic look, try these four design tips for your outdoor living area, including your garden. .

Design 98
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Grab Some Ice Cream From These Local Ice Cream Shops

Waterfront Properties

The warm spring and summer days are ahead of us and what better way to enjoy the weather and sunshine with an ice cream cone. Luckily for us living here in South Florida, ice cream shops stay open all year round and offer the perfect treat for those with a sweet tooth. Throughout the county, there are plenty of delicious and unique ice cream shops and parlors for the perfect afternoon or evening snack.

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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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How to Paint Brick the Right Way

RIS Media

If you have a brick wall inside or outside of your home and you’re looking to make a dramatic change, you may consider painting it! However, painting brick is not as easy and simple as drywall. There are some specific rules to follow when it comes to painting brick the right way. To avoid flaking paint or a dull topcoat, here are some things you should know. .

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All the Deets on Trending and Classic Living Room Styles

HomeLight

Your living room is many things. It’s where you build friendships, connect with family, and watch (or binge) Netflix. Beyond function, your living room is the perfect canvas to express your unique style and personality. Looking for some redesign inspiration? We’ll break down today’s most popular living room styles and how to get the look at home.

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7 Questions to Ask a Potential Contractor

RIS Media

When it comes to renovating your home, be it a kitchen remodel or a bathroom overhaul, you want to be sure you hire the right professional for the job. This is the person you are depending on to tear down your walls and spend your dollars wisely. Avoid a renovation nightmare by researching a few different contractors and setting up an interview with each of them.

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Mortgage and refinance rates today, April 30, 2021

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates just inched downward yesterday. And that was quite a surprise. All the signs first thing that morning suggested a rise. Key markets […].

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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.