October, 2020

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Luxury housing market inspires ‘total frenzy’ in vacation boom towns

Housing Wire

In the third quarter, luxury home sales jumped 41.5% , the biggest year-over-year shift since 2013, according to Redfin. And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. “What we’re seeing here in Palm Beach is a total frenzy,” Dana Koch, a sales associate with Corcoran Group , the Koch Team in Palm Beach, told HousingWire.

Marketing 536
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Renting an Apartment for the First Time

Point2Homes

Image: Antonio Guillem / Shutterstock.com. If you’re considering moving out of your parent’s home and into your first apartment, you’re probably pumped. Renting an apartment for the first time can be an exciting experience. Suddenly, you have the freedom to do what you want and create a living space that’s just right for your needs. But, of course, renting does come with some downsides — like having to pay your own bills.

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9 Comics That Show What It’s Like Being a Real Estate Agent

Lighter Side of Real Estate

Agents: Share articles like these with your branding on them. Learn More. 1. 2. 3. 4. 5. 6. 7. 8. 9. Members: Sign in here to share this article with your branding. Sign in here. Not a member? Seriously? Learn how you can share articles like this one with your branding. Learn more. The post 9 Comics That Show What It’s Like Being a Real Estate Agent appeared first on Lighter Side of Real Estate.

Agents 145
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Kiss Frontman Gene Simmons Selling His Rock Star Estate for $22M in Beverly Hills

Realtor.com

Christopher Amitrano, Kevin Winter/Getty Images Kiss frontman Gene Simmons is ready to part with his Beverly Hills home of nearly 35 years. On the market for the first time ever, the palatial estate can be yours for $22 million. Josh and Matt Altman of Douglas Elliman hold the listing. Fans of the rock legend may recall that the one-of-a-kind abode was the setting for the singer’s reality TV show “Gene Simmons Family Jewels,” which ran on the A&E network from 2006 until 2012.

Staging 145
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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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Home Price Appreciation Accelerates in August

Eye on Housing

In August, home price appreciation accelerated in major markets across the nation. The S&P CoreLogic Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 12.1% in August, faster than an 8.9% increase in July. It marks the highest annual growth rate since April 2013.

Marketing 145
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House Appraisal Tips: What Home Buyers and Sellers Should Know

Realty Biz

What to Know About House Appraisals. A house appraisal can be concerning whether you are buying or selling a home. The licensed appraiser will check the property to work out the fair market value. This can make both buyers and sellers very nervous. Will the appraiser assess the home to be worth what is expected? Will the appraisal come in low? What happens then?

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A disturbing trend: Buyers fail to deliver deposit cheques

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: A disturbing trend: Buyers fail to deliver deposit cheques. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. There is an alarming trend that is quite rampant in the Toronto area.

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Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge

Better Dwelling

On the day Canadian home sales and prices hit record highs, the central bank announces an end to the program partially responsible for the surge. The Bank of Canada (BoC) flooded the market with cheap mortgage credit in March. Yesterday, as market data showed a fever pitch had been reached during the “worst” recession in […]. The post Bank of Canada Ending Pandemic Program That Helped Real Estate Prices Surge appeared first on Better Dwelling.

Banks 145
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7 Yard Maintenance Must-Haves for New Homeowners

Realtor.com

Steve Prezant/Getty Images If you recently bought your first home, you’re probably feeling pretty overwhelmed by the whole experience. And somewhere in between setting up your house and getting to know all the neighbors, you may have overlooked one thing: the yard—or should we say, the yardwork. Unless your new digs come with landscaping service, chances are you’ll have to adapt to your new role as chief gardener—and find the best tools for the job.

As-is 145
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Nation’s Stock of Second Homes

Eye on Housing

According to NAHB estimates, the total count of second homes was 7.5 million, accounting for 5.5% of the total housing stock in 2018, the most recent data available. As of 2018, the state with the largest stock of second homes was Florida (1.1 million), accounting for 14.5% of all second homes. South Dakota had the smallest stock, approximately 20,000 second.

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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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Cash Deposits When Buying a Home: What to Know

Point2Homes

Image: vinnstock / Shutterstock.com. Cash offers have traditionally been a great way to get a discount or encourage a reluctant seller. However, when it comes to mortgages, cash can suddenly lose its appeal. Nowadays, lenders want to know exactly where all your funds are coming from. For instance, using undocumented cash funds could create unexpected issues in a real estate transaction.

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Redfin faces lawsuit claiming it favors white neighborhoods

Housing Wire

The National Fair Housing Alliance and nine other housing organizations filed a lawsuit against Redfin on Wednesday, accusing the online brokerage of racial discrimination and favoritism toward predominately white neighborhoods. “Redfin redlines communities of color in this digital age by setting minimum home listing prices in each housing market on its website under which it will not offer any real estate brokerage services to buyers or sellers,” the lawsuit states.

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What Buyers and Sellers Need to Know About Multiple Listing Services

Homes.com

In the world of real estate, both buyers and sellers need to ensure they have access to a multiple listing service for many reasons. The connection? Using a real estate professional. Here are the benefits both buyers and sellers need to know when using an MLS. The post What Buyers and Sellers Need to Know About Multiple Listing Services appeared first on Homes.com.

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Toronto Condo Rental Inventory Is Soaring, and It Might Be Driving People To Sell

Better Dwelling

Toronto condo rentals are seeing the most inventory in recent memory. Toronto Regional Real Estate Board (TRREB) data prepared by Toronto Realtor Daniel Foch shows rental inventory is still much higher than usual in September. Meanwhile absorption is failing to keep up, potentially explaining the abrupt rise of condos for sale. Toronto Condos For Rent […].

Sales 145
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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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How Much Home Insurance Do I Need? A Guide for Buyers

Realtor.com

CatLane/iStock If you’re buying a home, choosing the right amount of home insurance for your property is key. Buy too much, and you’re wasting cash on coverage you’ll never use. Buy too little, and if a hurricane, hailstorm, or other disaster strikes your home, your insurance might not cover the costs to fix the damage—which means you’ll be paying out of your own pocket.

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Buying Your First House: Tips For Buyers

RIS Media

When taking on any new project, the more you know and understand, the better things are likely to go. The same is true when buying a home for the first time. With our first-time buyer tips, you should be able to avoid many of the problems that can prevent your purchase from going well. Let’s take a look at some of the key things to consider before you jump into the real estate market and buy your first house.

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Live in a 19th Century Architectural Fad — an Octagon House Is Yours for Under $290K

Brownstoner

The craze for octagonal living was a relatively brief one, but in the mid 19th century eight-sided houses popped up in small towns across the country. This Oneida county example is a fetching one, with its deep porch, bracketed cornice and cupola. The architectural conversation starter on the market is located… Read More > The post Live in a 19th Century Architectural Fad — an Octagon House Is Yours for Under $290K appeared first on Brownstoner.

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Luxury home sales rise 41.5%, making biggest jump since 2013

Housing Wire

In the largest increase since 2013, luxury home sales rose 41.5% in the third quarter, according to a new report from Redfin. While sales in this segment of the housing market have skyrocketed, the sales of medium-priced homes went up only 3% and sales of affordable homes actually declined by 4.2%. “The luxury housing market normally takes a hit during recessions as wealthy Americans tighten their purse strings, but this isn’t a normal recession,” Redfin Chief Economist Daryl Fairweather said in

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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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Unconditional offers to buy are binding, appeal court rules

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Unconditional offers to buy are binding, appeal court rules. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. An “unconditional” offer is one that is made without any conditions attached – such as the buyer first being able to obtain financing, obtain a satisfactory home inspec

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RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing

Better Dwelling

Canada’s largest bank is prepared for the wave of mortgage defaults coming. Phew! Wait… what defaults? RBC Capital Markets sent a research note to clients last week. In it, the analysts mention up to a fifth of deferred mortgages are at risk of default. It’s great the bank is well prepared for this event, but […]. The post RBC Just Forecasted Mortgage Defaults May Be Higher Than If The BoC Did Nothing appeared first on Better Dwelling.

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Late Musician Dave Brubeck’s Jazzy Japanese-Inspired Home Available for $2.75M

Realtor.com

Douglas Elliman, CBS Photo Archive/Getty An impeccably composed home built for the late jazz musician Dave Brubeck has come on the market. The estate in Wilton, CT, is listed for $2.75 million. The home was built for the Brubeck family in the early 1960s by the architect Beverley David Thorne , and was designed to blend harmoniously with the surrounding land.

Land 145
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4 New iOS Features to Boost Productivity

RIS Media

The new Apple iOS 14 update has caused a flood of images featuring aesthetic home screens and articles with detailed design tutorials. While the update is clearly recognized for its visual appeal, it also makes many tasks simpler. This boost in efficiency can benefit any iPhone user, but can be especially helpful to those with packed schedules, like real estate agents.

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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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7 ways to maximize your email productivity and reduce clutter

The American Genius for Real Estate

(MARKETING) Emails tend to stack up and make it hard to organize and to find anything useful, here are several apps and ways to make your life easier. The post 7 ways to maximize your email productivity and reduce clutter appeared first on The American Genius Real Estate.

Marketing 132
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The forbearance crash bros spoke too soon

Housing Wire

The health and economic crisis has made 2020 a horrific year for many Americans. Added to all that misery we had terrible fires in the West and hurricanes in the East. From my perspective, that ball in Times Square can’t drop fast enough hailing the end of this year. One might think that with all the bad juju circulating the planet lately, people would be extra careful not to bring more misery upon themselves.

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77% of Remodelers Report A Framing Lumber Shortage

Eye on Housing

With the recent increases in the price of many residential construction materials, and in particular softwood lumber, NAHB wanted to get a better understanding of how these price increases are impacting remodelers. In the Q3 2020 Remodeling Market Index (RMI), remodelers were asked to report on material shortages, if any, as well as material price changes over the last six.

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Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply

Better Dwelling

Politicians are increasingly discussing broad upzoning as a housing affordability solution. Instead of one home on a property, you can now build two homes on the same amount of land. All across the city, in some cases. The assumption is if there’s two homes on a property, it’ll be half the price. Makes sense, right? […]. The post Broad Upzoning Makes Housing Less Affordable, And Doesn’t Add Supply appeared first on Better Dwelling.

Land 142
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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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16 Questions To Ask a Home Inspector Before, During, and After a Home Inspection

Realtor.com

fstop123/iStock If you’re buying a house, you know that your home inspector will check it out and make sure it’s in decent shape. But if you want to get to know your home beyond its pretty facade, you should pepper your inspector with questions—a whole lot of them, in fact! But when you ask those home inspector questions is as important as what you ask.

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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 percent from a year ago. On average, homes sold in a mere 39 days—a full week faster than in September 2019. Meanwhile, inventory plummeted 31.9 percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

Branding 132
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5 Inbound Marketing Tricks That Work Like a Charm for Real Estate Companies

Jason Fox

5 Inbound Marketing Tricks That Work Like a Charm for Real Estate Companies. How do you generate leads to your real estate business? Here’s a fact: Right now, clients are looking to buy or rent your property. 81% of people will search online for a product/service when making purchase decisions You don’t have to spend thousands of dollars on a TV commercial or Billboard advertising campaign to reach.

Marketing 131
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The Pandemic’s Impact on Consumer Shopping Behavior in Mortgage & Real Estate

Housing Wire

Our job as mortgage professionals is to help consumers when and how they need us. This is especially important in the current crisis as the behaviors of both consumers and those in the housing industry are changing. Join Jornaya ’s Head of Consumer Finance Mike Eshelman and Chief Marketing Officer Rich Smith as they discuss consumer shopping trends and the impacts on the housing industry.

Mortgages 545
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How Enriching the Lives of Your Clients Leads to Greater Sales Success

Speaker: Ari Capogeannis, Director - Revenue Marketing at NVIDIA and Bill Pappa, Sales and Marketing Leader at Ai Media Group

Building strong personal and professional relationships with clients is a critical success factor. Sales professionals who focus on relationship building generate more leads and raise their brand awareness. Because this can take time, having regular engagements can help you cultivate these relationships more efficiently. The most effective way to accomplish this is through direct hyper-personalized touchpoints.