Wed.Jun 29, 2022

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How to Price Your Home to Sell Fast: 8 Tips For a Quick Offer

HomeLight

When it comes to selling a house, many homeowners hope for a quick, easy sale. But sometimes a situation pops up that creates even more urgency — such as a job offer in another state or a family emergency. If this is where you’re currently finding yourself, there’s something important you should keep in mind: pricing your home to sell quickly doesn’t have to result in a lower offer than you deserve.

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How “generation rent” is approaching home buying in 2022

Housing Wire

Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits.

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Homeownership Could Be in Reach with Down Payment Assistance Programs

Keeping Current Matters

A recent survey from Bankrate asks prospective buyers to identify the biggest obstacles in their homebuying journey.

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US housing market is at a crossroads

Housing Wire

The real estate market is cooling down. Reports released this week by several respected market observers point to less good and increased bad and ugly ahead for the housing market. For some of the good, a U.S. Census Bureau report released late last week spurred a bout of optimism when it revealed that new-home sales jumped by nearly 11% month-over-month in May on a seasonally adjusted basis, after declining by 12% in April.

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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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Imminentness of Mortgage Infrastructure and Customer Adoption

GeekEstate

[Editor’s Note: Below is the full text of our 216th Weekly Transmission, originally delivered direct to the inbox of more than 500 GEM members on June 15th, 2022.]. The 30-year fixed mortgage rate is approaching 6% , no doubt catching the immediate attention of both the millions of US homeowners with mortgages and aspiring homeowners alike. They’re now facing borrowing costs not seen in over a decade.

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Freddie Mac to include on-time rent in underwriting

Housing Wire

Freddie Mac announced Wednesday that on-time rental payments will be included in its underwriting system. The government-sponsored enterprise said that it hopes to incentivize “responsible” renters to make a leap into homeownership. According to Freddie, this option will be available starting July 10 and will allow mortgage lenders to submit a borrower’s bank account data that shows a 12-month streak of on-time rent payments to its automated underwriting system.

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Knox Financial to expand loan products with $50 million in funding

Housing Wire

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. New York-headquartered Saluda Grade provided the funding in forward flow capital which Knox will use to expand its lending business into Georgia, Knox representatives said Wednesday. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings.

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20-Acre Gated Waterfront Estate Near Annapolis is the Pinnacle of Luxury

Fancy Pants Homes

A chateau-style home set within a one-hour drive to the nation’s capital is eyeing a $15.9 million sale — and has all the goods to deliver. The sprawling property is nestled on the banks of the Severn River at 938 Old County Rd — which is only 10 minutes from Annapolis — and comes with 900 feet of waterfront, a 350-foot pier, a majestic main residence, and a 6,000-square-foot guest house.

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Angel Oak Home Loans hires vice president of correspondent sales

Housing Wire

Angel Oak Home Loans named Steven Valladares as vice president of correspondent sales, a move that comes as the firm increasingly works to grow its correspondent channel. Valladares will be responsible for creating a sales infrastructure to support the internal and external sales teams as Angel Oaks expands its focus to include both the agency and non-qualified mortgage (non-QM) markets, company reps said in a release.

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Mortgage and refinance rates today, June 29, 2022

The Mortgage Report

Today’s mortgage and refinance rates Average mortgage rates rose moderately yesterday. Another day like that and those for conventional, 30-year, fixed-rate mortgages would be back above 6%. Let’s hope we’re […].

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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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Mortgage startup Tomo offering 120-day rate locks

Housing Wire

Fintech startup Tomo will allow borrowers to lock in a mortgage rate for up to 120 days, about twice as long as most lenders. . The lock-in period complements a new product dubbed “Lock & Shop,” which does not require a property address to guarantee a mortgage rate, according to the company. . “ Homebuyers have struggled in a volatile housing market throughout the pandemic and rising mortgage rates will make things even more difficult,” Greg Schwartz, CEO and co-

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Celebrating Pride: One team, one community, one love

App Folio

June is Pride Month, a celebration to honor the 1969 Stonewall riots that sparked the modern LGBTQI+ rights movement and.

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Mortgage apps flat even as refis tick up

Housing Wire

A drop in mortgage rates led refinancing applications to increase slightly last week, back to a 30% share of the total, according to the latest Mortgage Bankers Association (MBA) survey for the week ending June 24. Overall, mortgage apps increased 0.7% on a seasonally adjusted basis from one week earlier, though they came in 49.4% lower than the same week in 2021.

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Why Have My Real Estate Leads Gone Cold?

Agent Fire

No real estate agent gets a call back from every lead. But if your leads disappear after the first point of contact, you're doing something wrong. Here are the most common reasons hot leads go cold and how to get them back. Why Have My Real Estate Leads Gone Cold? is just one of many great real estate strategies on The Spark.

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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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California Dream For All

BubbleInfo

More on one of the proposals to spend the state’s budget surplus. It doesn’t make the homes any cheaper, so home buying will still be limited to the affluent who can afford the payments: First-time buyers often rely on family gifts to afford the down payments on their homes. Now California Legislators want the government […].

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President Jim Dohr To Retire From Coldwell Banker Realty-Gundaker

Coldwell Banker

Coldwell Banker Realty – Gundaker today announced that President Jim Dohr will retire in September. After 45 years with the company, Dohr has earned a reputation as one of the most highly respected business leaders in St. Louis as well as across the national real estate community. The post President Jim Dohr To Retire From Coldwell Banker Realty-Gundaker appeared first on Coldwell Banker Blue Matter.

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Classic Park Slope Prewar With Fireplace, Herringbone, Lavender Tile Asks $2.75 Million

Brownstoner

Prewar apartments don't come much grander than the ones at 35 Prospect Park West, a building designed by eminent architect Emery Roth. This one is no exception, with two large bedrooms and two former maid's rooms, endless nooks and crannies, and original Deco era tile in the bathrooms and kitchen.… Read More > The post Classic Park Slope Prewar With Fireplace, Herringbone, Lavender Tile Asks $2.75 Million appeared first on Brownstoner.

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Why rate hikes could be good news for home buyers (Podcast)

The Mortgage Report

Mortgage rates are rising. But one expert says that in some ways, that could be good news for home buyers. Here's why.

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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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Video of the Week: Inside a Riverfront Masterpiece in Hot Springs, Arkansas

Sotheby's International Real Estate

Featuring curated videos from the most sought-after destinations the world over, discover this week’s Video of the Week. ??????. Hot Springs, Arkansas | Chris Marsh, Capital Sotheby’s International Realty . On the main channel of Lake Hamilton, this waterfront home provides luxury living with stunning views on multiple levels. As the gate opens, guests are greeted by the soothing sounds of the granite fountain and welcomed into the main living area where soaring ceilings and panoramic vie

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Early Prime Day Deals for Homeowners: July 11-12, 2022

The Mortgage Report

Amazon Prime Day happens July 11-12. Learn about Prime Day deals for homeowners and see early Prime Day offers here.

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New Work by Conceptual Artist Fred Wilson Unveiled in Downtown Brooklyn’s Columbus Park

Brownstoner

Pedestrians making their way through Downtown Brooklyn's Columbus Park will find a large-scale public sculpture by conceptual artist Fred Wilson has taken up residence on the area's well-traveled plaza. It is a work that can't be missed, as it stands in the midst of the walkway, demanding the viewer take… Read More > The post New Work by Conceptual Artist Fred Wilson Unveiled in Downtown Brooklyn’s Columbus Park appeared first on Brownstoner.

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10 Cities That Promise $2,000+ Rental Property Income and Stable Returns

Mashvisor

To earn a stable rental property income, invest in cities that have steady population growth, a strong economy, and plenty of job opportunities.

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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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Uncover the Best of Boston: A Local’s Guide to the City’s Hidden Gems

Redfin

If you’re a local living in Boston , you already know how your city is a lively coastal mecca full of history, diversity, a vibrant restaurant scene, and endless attractions for entertainment. You most likely have a favorite spot not many know about too. However, if you’ve just moved into your first apartment in Boston , you’ve likely explored some must-see spots and maybe even enjoyed a baseball game at Fenway Park.

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Should You Invest in Scottsdale Homes for Sale in 2022?

Mashvisor

Are you looking for investment opportunities in Phoenix metro area? Read on to learn why Scottsdale homes for sale may be the best choice.

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Preparing to Sell Your Home: A Complete Checklist

Windemere Selling

Getting your home ready to sell can feel like a circus act. Without the right organization, juggling the countless moving parts involved in this stage of the selling process can take its toll. This is the perfect opportunity to create a checklist to keep yourself on track and within your budget. The following information will illuminate the key responsibilities you face as a homeowner as you prepare to hit the market.

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The Path to Homeownership Begins with A Budget

Keller Williams

The path to homeownership often begins with a budget. But it may not be the one you think. Personal financial habits are actually the foundation for home-buying opportunities. So, helping a client understand their personal budget will help them determine not only what their home-buying or investment budget may be, but also spot opportunities for aligning their habits with their goals.

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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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Develop A Content Marketing Platform In 2022

Lab Coat Agents

Do you struggle to make New Year’s resolutions only to abandon it weeks later? Most likely, this is due to your resolution being too broad. “Start a Facebook business page” or “Hire a marketing assistant” are both good goals, but they don’t provide a way to get there. If you’ve depended on word-of-mouth and networking to sell your business, the year 2022 may present you with new obstacles.

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31 July Prompts to Heat up Your Socials This Summer

Keller Williams

Trends in the market can sometimes heavily favor either buyers or sellers. When this happens, staying connected to your audience through social media can help you successfully encourage those who are hesitant to get started, keeping your business thriving. Explore this month’s prompts to see how you can use your social media plus Designs in Command to keep home sellers and buyers engaged.

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Kaplan Real Estate School Review + Video Walk-through

The Close

Over the past 80 years, Kaplan has honed a tried-and-true method that delivers results for students in a wide range of professional and educational arenas. Operating in 28 countries, their secret to success is simple: high-quality content taught by subject matter experts and delivered in a way that meets the needs of their students. If you’re looking for a school that boasts some of the most qualified instructors in the industry and class formats tailored to your learning style, then Kaplan Real

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Best Apartment Call Box Systems

Swiftlane

Looking to upgrade your apartment call box? Improve building security for your multifamily property? Simplify visitor access? In this article, we review the most popular apartment call box systems. Some building call box systems work using a telephone lines. Newer call box system utilize an internet connection to make video and VOIP calls to residents’ […].

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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.