July 5, 2018 rummy

Overall price, initial cash out, monthly amortization etc. are the things we look out for in buying a home. A lot of these may seem higher than it used to last year, but what most do not know is that it is lower compared to how it used to way back. However, it is not just the price of a home that determines its affordability. The monthly cost of a home is determined by the price and the interest rate on the mortgage used to purchase it. Today, mortgage interest rates stand at about 4.5%. The average annual mortgage interest rate from…

July 3, 2018 rummy

In the early times, selling may be defined simply as “the process of handing over something in exchange for money.” Nowadays, with technology upping the ante with marketing and promotional media platforms, and payment methods and terms adding to the already complicated ordeal. Selling your home can be quite a process. In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed a buyer’s behavior during the home buying process. According to the National Association of Realtors” 2018 Home Buyer & Seller Generational Trends Report, the…

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 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…

June 12, 2018 rummy

A shelter is considered to be one our basic commodity, and many got stuck thinking it’s just that, a commodity that we need to have and pay for every month. Truth is, it can be something so much more, it can be an investment, a legacy or a source of income. It mainly depends on how you utilize it to your advantage particularly by owning instead of renting. People often ask if now is a good time to buy a home, but nobody ever asks whether or not it’s a good time to rent. Regardless, we want to make certain…

June 7, 2018 rummy

Ever wonder why some real estate agents are more successful than others? Why success seems to come more easily to some?  Today we will be learning the recipe for success in the real estate industry. Problem solver mindset. Do you enjoy coming up with creative solutions to problems or issues? Many successful real estate agents know how to properly showcase a house to make it more marketable and develop creative MLS listings to attract the right buyers. Self-motivated entrepreneur. Having a desire to control your own professional destiny and be your own boss is a trait shared by top real estate professionals. To…

June 6, 2018 rummy

It’s apparent that home values are swiftly increasing due to the lack of supply while demand continues to expand in our housing market today. Experts foresee an increase of 5% (or greater) in home value over the next twelve months. In result, bank appraisal could be a bit challenging in this market. When prices are surging, it is difficult for appraisers to find adequate, comparable sales (similar houses in the same neighborhood that recently closed) to defend the selling price when performing the appraisal for the bank. Every month in their Home Price Perception Index (HPPI), Quicken Loans measures the disparity between what…

June 5, 2018 rummy

  Whether you are just starting your career or changing a career path, it is a major move in anyone’s life choices. In my previous blog, real-estate-agent-smart-career-choice we have discussed why being a Real Estate Agent is a smart career choice. Now, let us tackle on how to become a Real Estate Agent. Some might think it’s easy or it’s hard but the answer is “it depends”. Why? It mostly depends on where an individual wants to practice real estate. This requires a state license and each state’s regulations or rules are slightly different. Here are a few basic requirements. General Requirements…