Fri.Nov 13, 2020

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Top five questions to ask a potential real estate agent

Housing Wire

In today’s red-hot market, you need a real estate agent who can get creative, play hardball in negotiations, and help you stand out from the pack in a bidding war. And not everyone — even an agent recommended to you by a friend or loved one — is up to the task. Want to make sure you’re getting the best real estate agent possible for your home purchase?

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Tips to Sell Your House Safely Right Now [INFOGRAPHIC]

Keeping Current Matters

Some Highlights. Your agent now has over 6 months of experience selling houses during the pandemic and can make the process easier and safer for you today. COVID-19 protocols and technology usage recommendations from the National Association of Realtors ( NAR ) are making it possible to sell houses right now, while agents continue to abide first and foremost by state and local regulations.

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If consumers aren’t holding lenders back, then who or what is?

Housing Wire

Think back on all the major financial decisions you’ve made since entering adulthood. Perhaps your list starts with renting your first apartment or buying your first car. Later, you may have taken out a personal or small business loan. Eventually, you purchased your first house, maybe got a home equity line of credit. There’s a common denominator in all of these transactions: It’s you.

Banks 490
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Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of

Better Dwelling

Canada’s central bank is still buying tens of million of mortgage bonds. Bank of Canada (BoC) data shows the balance of Canada Mortgage Bonds (CMBs) they hold, increased this week. The increase is a couple of weeks after the pandemic program to buy these has ended. However, it appears that didn’t mean they were going […]. The post Bank of Canada Ended The Mortgage Program That Inflated Prices… Kind of appeared first on Better Dwelling.

Banks 143
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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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Zillow: There’s no going back from RON

Housing Wire

In its most recent earnings report , Zillow revealed a significant number of its Zillow Offers users are turning to remote online notarization. In fact, the company reports that more than 60% of its Zillow Offers customers closed on their home through RON. This increase in tech usage is now driving up the company’s earnings. “The second win, maybe even mightier than the first, the technology tailwind,” Zillow CEO Rich Barton said in the earnings report.

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U.S. Housing Market Takes a Breather But Stays Hot

Realtor.com

JamesBrey/Getty Images The juggernaut that has become the U.S. housing market finally paused to take a breath last week. But even with buyers and sellers taking a step back temporarily, the industry remained hot. During the week ending Nov. 7, both buyers and sellers averted their attention from relocations and instead focused on current events, according to Thursday’s report from realtor.com.

Marketing 132

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New Data Reveals What Renters Want When It Comes to Leasing Heading Into 2021

App Folio

The pandemic has had a big impact on renters’ attitudes when it comes to what they expect from leasing and property management teams during their housing search. It has also rapidly sped up the property management industry’s shift towards digital technology. . We surveyed 1,000 adult renters across the U.S. to get a pulse on their expectations and experiences during the pandemic and beyond.

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People movers: Opendoor, Offerpad, Waterstone Mortgage, Planet Home Lending

Housing Wire

Starting off this week’s people mover announcements, Opendoor announced another executive-level hire, naming Andrew Low Ah Kee as its new president. Low Ah Kee joins the Opendoor executive team to help drive operations across the company, especially as it expands into new markets and deepens its product offerings. Prior to joining Opendoor, he served as chief operating officer at GoDaddy where he led a global team of more than 7,500 teammates and played a role in nearly quadrupling the company’s

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These Creepy Critters Are Getting Cozy in Your House—Through Your Plumbing

Realtor.com

Fernando Trabanco Fotografía/Getty Images You probably already know that with the weather turning colder, bugs and rodents will be seeking refuge in your toasty warm abode. And you probably already know how they’re getting in, too—through cracks in the foundation and gaps under the doors and windows. But you might not be aware of one other way pests can invade your home: your plumbing.

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Housing Tech Rundown: Qualia, First American Docutech and Sagent

Housing Wire

Real-estate closing platform Qualia announced the launch of its Physical Document Service on Thursday that will allow mortgage lenders to automate the management of paper trailing documents from title partners through the Qualia platform. The company announced the news during the fall session of its Future of Real Estate Series. Through its Physical Document Service, Qualia is able to manage the collection, sorting and quality assurance of physical trailing documents to ensure an on-time shipmen

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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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Increase for 90+ Day Mortgage Delinquencies

Eye on Housing

The Mortgage Bankers Association’s (MBA) recently released National Delinquency Survey (NDS) provides seasonally adjusted rates of delinquency on all existing mortgages in the one- to four-unit first-lien residential mortgage market through the third quarter of 2020. The NDS breaks down delinquencies into various buckets: mortgages 30-59 days past due, 60-89 days past due, and 90 or more days past due.

Mortgages 114
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Persistent Buyer Demand Pushes Market Frenzy Past Summer Peak

RIS Media

Persistent buyer demand continues to push the frenzied housing market further into fall and winter months and way past the typical summer peak, according to a new Zillow® report. In September, 22.4 percent of homes purchased in the U.S. sold over list price, an increase from 20.2 percent in August and above the estimated 15 percent of homes that did so during September 2018 and 2019.

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Mortgage and refinance rates today, November 13, 2020

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates fell moderately yesterday. And conventional loans started out this morning at 3.063% (3.063% APR) for a 30-year, fixed-rate mortgage. Yesterday’s fall was […].

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NAR Tackles Housing Discrimination and Racial Disparities in Regulatory Issues Forum

RIS Media

The National Association of REALTORS® (NAR) 2020 REALTORS® Conference & Expo began on Nov. 2 and is running through the 18th. On Nov. 10, NAR held its Regulatory Issues Forum, hosting a session, “The Role of Homeownership in Advancing Racial Equality and Ending Racial Disparities,” which looked at the history of housing discrimination in the U.S., as well as the racial wealth gap, to determine how REALTORS® can combat discriminatory behavior and systemic racism in order to provid

Banks 109
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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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Former Game Show Host Chuck Woolery Selling Texas Home for $939,000

Realtor.com

realtor.com, Carlo Allegri/Getty Images The former host of “Love Connection,” Chuck Woolery , hopes a buyer will swoon for his lakeside home in Texas. On the market for $939,000, the home is located about an hour northwest of Austin , in the small community of Horseshoe Bay. Situated just off the Colorado River, the home has a private dock out back that allows a boater to set sail for the waters of Lake Lyndon B.

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A Renovated Bay Ridge House With Garage and Three More to See, All Under $2 Million

Brownstoner

Open for a close look this warm fall weekend are four houses all asking less than $2 million. Found in Gowanus, Park Slope and Bay Ridge, their condition ranges from estate to recently renovated. Three date from the early 20th century, and a fourth was likely constructed circa 1870s. Constructed out… Read More > The post A Renovated Bay Ridge House With Garage and Three More to See, All Under $2 Million appeared first on Brownstoner.

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More homes sell above list price amid buyer competition

Realty Biz

In more evidence that persistent buyer demand is pushing a strong housing market deeper into the year than usual, a new Zillow analysis has found the share of homes sold above list continues to rise, blowing past the typical mid-summer peak. In September, 22.4% of homes purchased in the U.S. were sold for more than their initial list price, up from 20.2% in August and well above the roughly 15% of homes that did so during September 2018 and 2019.

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10 Common Renovation Terms and Their Definitions

Point2Homes

Image: udra11 / Shutterstock.com. Planning to carry out some renovations in your home? If so, you can be excused for getting lost among the numerous phrases, words, and acronyms that make up the rich language of renovation. With that in mind, let’s try to clear things up a bit. Blueprint. A blueprint is a mechanical drawing made by an architect to illustrate the layout of a building, its dimensions, access points, as well as materials that will be used, and more.

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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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Sandi The Tree Starting To Take Shape For The Holidays

Waterfront Properties

The city of West Palm Beach is continuing their holiday traditions this year and the holiday season has kicked off this week with a giant sand delivery. Wednesday, 17 truckloads of sand rolled into downtown West Palm Beach to start the construction of Sandi the holiday tree. Sandi is the only waterfront tree made entirely from sand and will stand at 35 feet tall.

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Covid & ADUs

BubbleInfo

Excerpts from an article from the WSJ discussing the higher-end ADUs being built mostly due to covid, but also an inevitable solution vs. the astronomical cost of senior care: The post Covid & ADUs appeared first on bubbleinfo.com.

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Daily Links: Tenants Are Pushing Back Against Landlords Ignoring the Eviction Moratorium

Brownstoner

In the News How the Pandemic Inspired a Kitchen-Share Scene in Brooklyn [NYT] Young Couple Navigates Roadblocks to New Williamsburg Rental [NYT] Why Many Tenants Got Shut Out of State Rent Relief Program [The City] Landlords Pursue Ways Around Eviction Moratorium [The City] Foreign Investors Poised to Flood U.S. Real Estate Markets [Axios] $5.7 Million Expansion… Read More > The post Daily Links: Tenants Are Pushing Back Against Landlords Ignoring the Eviction Moratorium appeared first

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Tarek and Christina Design a Modern Farmhouse Style That’d Make Chip and Jo Jealous

Realtor.com

HGTV Chip and Joanna Gaines may be famed for popularizing the modern farmhouse look, but it appears that Christina Anstead and Tarek El Moussa have copped a similar style on the latest “Flip or Flop.” And we dare say it’s better than the original! In the Season 10 episode “Cut and Run,” Anstead and El Moussa have bought a home in Laguna Hills, CA, for the low price of $625,000.

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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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Temporary Restraining Order Pauses Controversial Rezoning at Crown Heights Spice Factory

Brownstoner

A Kings County Supreme Court judge granted a temporary restraining order on November 10 halting the certification of a controversial Crown Heights rezoning that neighborhood activists allege skipped out on crucial community input. The order temporarily prevents the rezoning application for 960 Franklin Avenue from moving forward as it snakes through… Read More > The post Temporary Restraining Order Pauses Controversial Rezoning at Crown Heights Spice Factory appeared first on Brownston

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Top 7 Things You Need to Know Before House-hunting on Zillow

American Lifestyle

The post Top 7 Things You Need to Know Before House-hunting on Zillow appeared first on American Lifestyle Magazine.

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Conventional vs. VA vs. FHA refinance: Which refi program is best for you?

The Mortgage Report

See the pros and cons of conventional vs. VA vs. FHA refinancing. Compare refinance rates and learn about cash-out options.

Loans 116
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Luxury Real Estate Headlines: Second Week in November 2020

Sotheby's International Real Estate

Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Kennewick, Washington | Sue Rhoads , Retter & Company Sotheby’s International Realty . The recently-listed-for-sale Washington State wine property is dominated by a 21,200-square-foot residence that features seven bedrooms, 13 bathrooms and a terrace overlooking vines and the local landscape.

Design 92
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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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The Pros and Cons of Chalk Paint

Point2Homes

Image: kobeza / Shutterstock.com. As the weather grows colder, now is the time to plan which home improvement projects you’re going to tackle this winter. There are few endeavors quite as satisfying as making something worn or outdated look new and beautiful again. So, before you give up on an old piece of furniture or decor, consider a coat of paint to give it new life.

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San Diego Market Conditions – October

BubbleInfo

For buyers, it’s Don’t Blink, and Don’t Think! The post San Diego Market Conditions – October appeared first on bubbleinfo.com.

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Safety Tips for Appraising REO Properties

McKissock

If a mortgage lender acquires the title to a property as the result of a foreclosure, the property is called an “REO” property, which is short for “Real Estate Owned.” REO properties represent business opportunities for appraisers, as property valuations may be needed for pre-foreclosure, loan workouts, short sales, asset evaluation, and more. However, inspecting these types of properties can be dangerous.

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Study: U.S. Cities With the Friendliest Neighbors

RISMedia

With COVID cases spiking across the U.S., more and more people are returning home to work remotely. It’s more critical than ever to practice social distancing, but with so much more time spent at home, the relationships we have with our neighbors has taken on a renewed importance. Improvenet took notice and conducted a study […]. The post Study: U.S.

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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.