August 14, 2018 rummy

Currently, sellers are enjoying huge if not undivided attention from buyers as their visibility is at peak. There are reports, however, that this will change in the following months to come as permits for single-family units are granted. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of building permits issued in June was 850,000, a 0.8% increase from May. ​ How will this impact buyers? ​ More inventory means more options. Mark Fleming, First American’s Chief Economist, explained that this is good news for the housing market – especially for those looking to buy: “The continued year-over-year growth…

August 8, 2018 rummy

“If you are good at something, never do it for free”, these are wise words from a fictional movie “The Dark Night” spoken by the antagonist called the Joker. This emphasizes that expertise on any particular activity is not for everyone to achieve, some people just don’t have the time, while others just might have their passion set for something else. Needless to say, the occupation real estate professional was created because people realized a need for it. Here are some of the top reasons why it’s best to hire one before entering the market. 1. What do you do…

August 3, 2018 rummy

It’s a simple case of supply and demand. Lower inventory equates to higher demand which in turn leads to faster sales and occasionally, even higher prices. So this means higher yield, less time in the market with little effort. Let’s discuss. The National Association of Realtors (NAR) released the results of their latest Existing Home Sales Report which revealed that home sales declined 0.6% to a seasonally adjusted annual rate of 5.38 million in June from 5.41 million in May, and are 2.2% below a year ago. Some may look at these numbers and think that now is a bad time to sell their…

July 31, 2018 rummy

Not all agents are the same, some may be better than others particularly because of their knowledge of the demographics and there are some who just have the right priorities. Let’s talk about what you should look for in an agent before deciding to hire them. One great example of an agent who is in your corner and is always looking out for your best interests is one of the main characters on ABC’s Modern Family, Phil Dunphy. For those who aren’t familiar with the character, Phil is a REALTOR® with a huge heart who always strives to do his best for his family…

July 27, 2018 rummy

In the ever competitive world of real estate, the measure of the effectiveness of a marketing strategy is an average of different things. For instance, the cost of your marketing material, how long does it take for you to actually sell your inventory, the amount of effort you have to put in and a few more that I would like to discuss with you in detail on our future posts. The term “the end justifies the means” does not apply at all in this industry anymore. With this in mind, I like to introduce you to Customer-centric Marketing Strategy. Focus…

July 24, 2018 rummy

Sometimes to be able to get the best out of things, we must act against our gut will. This applies to what we are about to discuss with you today. Selling your home may sound to be simple enough, but not when you what to get the best price for your home’s value at the time. Here are two sure way to sell your home for the best value. 1. Price it a Little Low ​This may seem counterintuitive, but let’s take a look at this concept for a moment. Many homeowners think that pricing their homes a little OVER…

July 18, 2018 rummy

Despite the forecasts of mortgage rate rise, demand for homes has continuously outnumbered its supply. Let’s find out why. According to the National Association of Realtors (NAR), the inventory of homes for sale “has fallen year-over-year for 36 consecutive months,” and now stands at a 4.1-month supply. A 6-month supply of inventory is necessary for a balanced market and has not been seen since August of 2012. NAR’s Chief Economist Lawrence Yun had this to say, Is There Any Relief Coming? According to the CoreLogic’s 2018 Consumer Housing Sentiment Study, four times as many renters are considering buying homes in the next 12 months than homeowners who are planning to…

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 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…