June 29, 2018 rummy

One of the biggest traps a seller can fall into is confusing features vs. benefits. Often when selling a product or service, sellers merely present a list of features–and that’s simply not enough to make a sale. Both features and benefits are equally important for effective advertising copy, but at the end of the day, it will be the benefits that give you the best advantages for converting customers. One common mistake real estate professionals (and salespeople in a variety of industries) make is focusing too hard on selling the house, and not enough on selling a solution to the…

June 28, 2018 rummy

There has been a lot of talk regarding when the next recession could be, we all remember that the housing crisis in 2008 caused the last recession. Is there a likelihood of that repeating itself? Economists and analysts know that the country has experienced economic growth for almost a decade. They also know that a recession can’t be too far off. A recent report by Zillow Research shed light on a survey conducted by Pulsenomics in which they asked economists, investment strategists and market analysts how they felt about the current housing market. That report revealed the possible timing of the next recession: That timing concurs…

June 27, 2018 rummy

Some say the first is the hardest, in some levels this saying applies in getting your first real estate client if you’re a newcomer. But worry no more for we will be giving you three ways to get your first client. There are over 2 million real estate agents in the United States. New agents may find it cumbersome to understand how to get started. Although brokers and franchises have a number of tools available to new agents, it can be difficult to understand how to best make use of them. There isn’t a silver bullet or industry secret to…

June 26, 2018 rummy

Home purchases are big decisions made not without hesitation. It’s normal to question one’s self-capability to pay for such at first. Nevertheless, some brave through this intimidating ordeal and managed just fine. We want to share what the typical first-time homebuyer actually looks like based on the National Association of Realtors’ most recent Profile of Home Buyers & Sellers. Here are some interesting revelations on the first-time buyer: You may not be much different than many people who have already purchased their first homes. If you’re still hesitating or debating whether or not you should go for it, meet with…

June 21, 2018 rummy

We have a lot of potential homeowners and families having second thoughts about buying today. Current mortgage rates and home prices intimidate buyers and it’s completely understandable. ​ With both home prices and mortgage rates increasing this year, many are concerned about a family’s ability to purchase a major part of the American Dream – its own home. However, if we compare housing affordability today to the average affordability prior to the housing boom and bust, we are in much better shape than most believe. In Black Knight’s latest monthly Mortgage Monitor, they revealed that in the vast majority of the country, it…

June 20, 2018 rummy

Price plays a crucial role in deciding whether an owner will sell his/her home or a buyer will buy it. But how does one set a price that’s neither too low not to earn profit nor too high to deter potential buyers? Today we’ll talk about how the home appraisal process works. A home appraisal is a required part of the loan process and is conducted by a certified appraiser who evaluates and determines the property’s fair market value. The appraiser’s report includes a detailed look at the home’s general condition and a review of the surrounding area. Since housing…

June 19, 2018 rummy

In one of our previous posts, we have discussed why now is the best time to sell your home why-sell-your-house-now.html. For those who have realized and recognized the opportunity, you may find this information very helpful. In today’s market, with home prices rising and a lack of inventory, some homeowners may consider trying to sell their home on their own, known in the industry as a For Sale by Owner (FSBO). There are several reasons why this might not be a good idea for the vast majority of sellers. Here are the top five reasons: 1. Exposure to Prospective Buyers  According to the 2017…

June 15, 2018 rummy

As exciting as it is, real estate can truly be tough to those who venture into it unprepared. It’s just fair given that the rewards are just as wonderful. Nevertheless, here are five things you should have not just to survive but to thrive in real estate sales. Mindset Without the right mindset, it will be difficult for you to build a solid foundation for a successful real estate career. Having a clear purpose will be imperative to get over the bumps and bruises in your career. Also, it is crucial that you are constantly feeding yourself with positive reinforcement….

June 14, 2018 rummy

  Should home buyers and savers be worried about the Fed rate hike? Here are a few things we should know about to help us prepare for this impending change. With the Fed announcing another rate hike Wednesday, borrowing costs will head even higher for consumers. The good news is some bank customers will start to see noticeably higher savings rates. Americans with credit cards, adjustable-rate mortgages and home equity lines of credit will see their monthly payments rise now that the Federal Reserve has lifted its key short-term interest rate by a quarter percentage point to a range of…

June 13, 2018 rummy

Whatever venture you decide to go into, it’s always right to be equipped with information to know what to expect to be able to thrive. Speaking of which, here are few things you need to know before making the career leap in the real estate industry. 1. You Decide How Successful You Are That’s right! You will get out of a real estate career exactly what you put into it. This is a career that rewards hard work. If you dedicate yourself to being successful in real estate, you will greatly increase your odds of success. Your income potential as…