Real Estate & Finance News http://rismedia.com/?p=131226 http://rismedia.com/2017/06/25/basics-buying-investment-properties/ Advice Buying/Selling For Your Clients Home Spun Wisdom House Canary Latest News Income Property Investment Property Real Estate Investing Real Estate Investing Tips RISMedia's Housecall The Basics of Buying Investment Properties <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: Great Living on the Great Barrier Reef Retirees Turning to Custom Homes to Get the Right Space Luxury Homes: How to Tell If You&#8217;re Getting a Fair Price Everyone wants a magic and immediate path to wealth. [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/25/basics-buying-investment-properties/">The Basics of Buying Investment Properties</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 25 Jun 2017 17:05:00 Z http://rismedia.com/2017/06/25/basics-buying-investment-properties/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/great-barrier-reef/">Great Living on the Great Barrier Reef</a></li> <li><a href="http://blog.rismedia.com/2017/retirees-turning-to-custom-homes-to-get-the-right-space/">Retirees Turning to Custom Homes to Get the Right Space</a></li> <li><a href="http://blog.rismedia.com/2017/expensive-real-estate/">Luxury Homes: How to Tell If You&#8217;re Getting a Fair Price</a></li> </ul> <p>Everyone wants a magic and immediate path to wealth. The bad news? The path doesn&#8217;t exist. Wealth is attainable through more conventional means. If you come to understand the real estate industry and if you deepen your own firsthand experience as you buy and sell investment properties, you&#8217;ll be on the road to success.</p> <p>Along the road, there are six core principles that will make or break each real estate investment deal. They are the most important concepts you will learn. I call them the Big Six.<strong> </strong>With each successive deal I negotiated, I grew to recognize the common elements. The Big Six are part of a sequenced step-by-step formula that enables you to identify and purchase the right income property at the right price.</p> <p>The elements of the Big Six Formula that will guide you into the basics of buying income properties are the following:</p> <p><strong>Location</strong><br /> Location is the single most important component of any real estate deal. It is crucial in determining your investment success. Look for properties that are situated in an &#8220;A&#8221; location. Such locations include the socioeconomic levels of the people who live or work in a particular neighborhood, its proximity to shopping centers, public transportation, crime levels, the nearness of prestigious universities and medical facilities, traffic congestion, zoning restrictions, the quality of schools, fire and police protection, and even the reputation of the local government and its officials.</p> <p><strong>Building Quality and Design Efficiency</strong><br /> Design efficiency interfaces with building quality. When you find an investment property you&#8217;d like to buy, you will need to scrutinize both elements. Look for properties that far exceed minimum construction requirements and that have useful and innovative design elements. This will not only make the property attractive to tenants but will add value to the property in the future. Design features on apartment complexes that stand the test of time include walk-in closets, large kitchens with windows, and his-and-her bathrooms. In an office building, a common area factor of 15 percent is desirable as well as a ratio of four parking spaces for every 1,000 square feet of rentable space.</p> <p><strong>Tenant Profile</strong><br /> Tenants can represent either an asset or a liability in an investment. When you invest, your mission is to make sure your tenant profile is the former and not the latter. Just as you want a well-constructed and well-designed property, you&#8217;ll want stable tenants who are a good match for your property and have appropriate lease agreements. Find out how much rent is generated and whether it is at market rate or under market. You want to focus on finding an income property that offers the opportunity to increase rental income and, by doing so, multiply the value of the property so that you can resell it at a substantial profit.</p> <p><strong>Upside</strong><br /> This fourth element refers to the cash flow growth possibilities offered by a particular property along with the likelihood that the property will increase in value. A property may cost $1,500,000 to construct, but if it brings in only the income of a $900,000 property, then it is worth only $900,000.  The key to increasing value lies in buying a solid Class B property in an &#8220;A&#8221; location where the rents are under the market, the leases are short term, and there are no options to renew the leases.</p> <p><strong>Financing</strong><br /> In the musical <em>Cabaret</em>, there is a song with the lyrics &#8220;Money makes the world go around.&#8221; It could just as easily be used to describe real estate&#8217;s role in the economic landscape. The free flow of money and access to credit is what adds vibrancy to property investment. Before you get started, you&#8217;ll need to get a number of finance-related items in order. The first thing you should do before applying for a mortgage loan is to review your credit reports and your credit scores. Also, learn the terms, understand the components of a mortgage and how they interact, and be open to the full range of financing options available. Banks and other financial institutions make money from mortgages. They are willing to negotiate. Be creative—you may be surprised at the terms you&#8217;re able to obtain from a bank or insurance companies, especially in today&#8217;s low interest rate environment.</p> <p><strong>Price</strong><br /> The successful evaluation of a property&#8217;s price has to do with how much information you can gather about a seller and the property than it does about the price tag on the real estate deal. You must look at the value of the property, which is not the same thing as its price. The crucial concern is not just how much the property costs, but what kind of income it can generate for you. A property may be architecturally perfect and engineeringly sound, but if you&#8217;re locked into long-term, under-market lease rates, the value will be eroded.</p> <p>If you master these principles, wealth will be within reach. However, it&#8217;s not enough to just understand and utilize the Big Six. You must execute them in order. That&#8217;s because they all fit together snugly to form your customized real estate formula.</p> <p><em>Author Kenneth D. Rosen, CCIM, is a real estate investor and the president of Kendar Realty, Inc.</em></p> <p><em>Investing in Income Properties, The Big Six Formula for Achieving Wealth in Real Estate, Second Edition <em>is currently available at</em> </em><a href="http://investinginincomeproperties.com/" target="_blank">InvestingInIncomeProperties.com</a><em> </em><em>in both hard back and digital versions. It is also available on </em><a href="http://amzn.to/2sLIA14" target="_blank">Amazon</a><em> and at </em><a href="http://www.barnesandnoble.com/w/investing-in-income-properties-ken-rosen/1112104506?ean=9781119390572" target="_blank">Barnes and Noble</a><em>.<br /> </em></p> <p><em>This article is intended for informational purposes only and should not be construed as professional advice. The opinions expressed in this article are those of the author and do not necessarily reflect the position of RISMedia.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/25/basics-buying-investment-properties/">The Basics of Buying Investment Properties</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/25/basics-buying-investment-properties/feed/ 0 2017-06-25 17:05 +00:00 2017-06-25 10:05 -07:00 http://money.cnn.com/2017/06/23/real_estate/mortgage-rates-home-prices/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5lNcOwBkCOw/index.html Home prices are sky high, but mortgages are still cheap Home prices have reached another record high, and buyers are feeling the pressure. But there has been one saving grace for buyers: mortgage rates.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5lNcOwBkCOw" height="1" width="1" alt=""/> Fri, 23 Jun 2017 10:31:36 -0400 http://money.cnn.com/2017/06/23/real_estate/mortgage-rates-home-prices/index.html?section=money_realestate 2017-06-23 10:31 -04:00 2017-06-23 07:31 -07:00 http://rismedia.com/?p=131081 http://rismedia.com/2017/06/20/easy-tips-stage-home-toddlers-around/ Advice Buying/Selling For Your Clients Home Spun Wisdom House Canary Latest News Home Staging Home Staging Tips realtor.com® RISMedia's Housecall Easy Tips to Stage Your Home With Toddlers Around <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: 7 Gadgets From &#8216;The Jetsons&#8217; That Have Become a Reality Historic Ridgefield, Conn. Estate Sells Before Auction How to Make Your Home Design Pet-Friendly Selling your home can be an exhausting, overwhelming process, and it is even [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/20/easy-tips-stage-home-toddlers-around/">Easy Tips to Stage Your Home With Toddlers Around</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 20 Jun 2017 19:31:38 Z http://rismedia.com/2017/06/20/easy-tips-stage-home-toddlers-around/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/7-gadgets-from-the-jetsons-that-have-become-a-reality/">7 Gadgets From &#8216;The Jetsons&#8217; That Have Become a Reality</a></li> <li><a href="http://blog.rismedia.com/2017/historic-ridgefield-conn-estate-sells-auction/">Historic Ridgefield, Conn. Estate Sells Before Auction</a></li> <li><a href="http://blog.rismedia.com/2017/make-home-design-pet-friendly/">How to Make Your Home Design Pet-Friendly</a></li> </ul> <p>Selling your home can be an exhausting, overwhelming process, and it is even more so when you have toddlers in the house. Ideally, your home will look as close to a model home as possible and will be in pristine condition when buyers tour the home; however, as a parent, you may understand the need to have toys and games available for the kids.</p> <p>You may want the home environment to be comfortable for your family, and you may also have concerns about keeping your home in pristine condition when your little ones are constantly making messes in various areas of the house. While staging a home with kids in the house can be challenging, you can accomplish your goals more easily by following these tips.</p> <p><strong>Think About Hidden Storage Areas</strong><br /> As soon as you first learn you are expecting a child, you may begin gathering toys, clothes, gear, furnishings and more. Your house may now be filled with their items, as well as their artwork, projects and more. Your kids will continue to need access to these items on a daily basis, but you must find a way to conceal them during showings. After all, a primary <a href="http://www.realtor.com/advice/sell/staging-selling-with-kids-house-shine" target="_blank">goal of staging</a> is for buyers to see themselves living in the home, rather than to see signs of your family life all around.</p> <p>Consider clearing out closets and cabinets with unnecessary items so that the kids&#8217; items can easily be stored in them. Use storage bins with a lid that you can easily pull out of the closet or cabinet as needed. When a buyer opens up closet or cabinet doors during a home tour, they will only see the neat organization of storage bins. As a side benefit, this will make it easier for you to move out of the home, as well.</p> <p><strong>Re-Decorate Bedrooms and Playrooms</strong><br /> Your kids&#8217; rooms may be painted pink, blue or other bold shades. These may be cute for your kids, but they are often undesirable for most buyers. Buyers will see these walls as a to-do project, and they may even have trouble envisioning their family living in the space. It is best to <a href="http://ourconezone.com/15-tips-moving-staging-home-kids/" target="_blank">re-paint these rooms</a> a neutral shade before you list the home.</p> <p>You should also focus on the playroom. Store away most, or all, of your kids&#8217; toys. Bring a couch, a TV or other items into this space to make it less age-specific. This can broaden the appeal of your home.</p> <p><strong>Create a Routine to Follow Before Tours</strong><br /> Some sellers can easily run out the door at a moment&#8217;s notice when an interested buyer wishes to tour the home. In most cases, these are single adults or couples who do not have kids and who are able to keep their home perfectly clean on a regular basis when listing their home. For parents with young kids in the house, you may need to sweep, mop and vacuum <a href="https://blogs.babycenter.com/life_and_home/12-tips-for-selling-your-house-with-kids/" target="_blank">before a house tour</a>.</p> <p>You may also need to put the kids&#8217; toys back in their storage bins, ensure there are no messes in the bathroom, wipe down the counters, empty dirty diapers from the diaper pail and more. It is wise to create a checklist of items that you need to do before each home tour. In addition, tell your agent that you need a notice of at least two hours before a tour to ensure that your home is ready to show.</p> <p>Selling your current home and moving into a new home can provide you with great benefits. For example, you may have plans to move into a larger home, a more desirable neighborhood, a more affordable home or something else; however, before you can move forward with your relocation plans, you must find a buyer for your home. These simple staging tips can make the sales process much easier for you and your family.</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/20/easy-tips-stage-home-toddlers-around/">Easy Tips to Stage Your Home With Toddlers Around</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/20/easy-tips-stage-home-toddlers-around/feed/ 0 2017-06-20 19:31 +00:00 2017-06-20 12:31 -07:00 http://money.cnn.com/2017/06/16/real_estate/rising-home-costs-affordability-harvard/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/5IXVwpGYphc/index.html 39 million households are paying more for housing than they can afford Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/5IXVwpGYphc" height="1" width="1" alt=""/> Fri, 16 Jun 2017 13:28:14 -0400 http://money.cnn.com/2017/06/16/real_estate/rising-home-costs-affordability-harvard/index.html?section=money_realestate 2017-06-16 13:28 -04:00 2017-06-16 10:28 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/16/first-time-homebuyers/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/AEaUPA8GadI/index.html Best cities for first-time homebuyers A recent Zillow analysis on the best markets for first-time homebuyers finds that the best deals are in the Southeast and the Midwest.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/AEaUPA8GadI" height="1" width="1" alt=""/> Fri, 16 Jun 2017 11:47:36 -0400 http://money.cnn.com/gallery/real_estate/2017/06/16/first-time-homebuyers/index.html?section=money_realestate 2017-06-16 11:47 -04:00 2017-06-16 08:47 -07:00 http://rismedia.com/?p=130906 http://rismedia.com/2017/06/15/easy-diy-projects-boost-your-home-value/ Advice Buying/Selling For Your Clients Home Improvement Home Spun Wisdom House Canary Latest News DIY Home Projects Home Automation Home Value Landscaping Projects RISMedia's Housecall Smart Home Technology 6 Easy DIY Projects That Will Boost Your Home’s Value <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: 5 Cities Millennials Are Flocking To The Most Expensive Home in Hawaii Is for Sale How to Showcase Your Property With a Virtual Open House Your house is likely to be the biggest investment you make in [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/15/easy-diy-projects-boost-your-home-value/">6 Easy DIY Projects That Will Boost Your Home&#8217;s Value</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 15 Jun 2017 20:16:29 Z http://rismedia.com/2017/06/15/easy-diy-projects-boost-your-home-value/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/millennials-are-flocking-to-these-cities/">5 Cities Millennials Are Flocking To</a></li> <li><a href="http://blog.rismedia.com/2017/expensive-home-hawaii/">The Most Expensive Home in Hawaii Is for Sale</a></li> <li><a href="http://blog.rismedia.com/2017/virtual-open-house/">How to Showcase Your Property With a Virtual Open House</a></li> </ul> <p>Your house is likely to be the biggest investment you make in your entire life. Whether you&#8217;re planning to sell it or you&#8217;re there for the long haul, it is important to take care of your investment. As any real estate agent will tell you, the first thing people notice about your home is the exterior. You need strong curb appeal to make a good first impression.</p> <p>With that in mind, here are six simple DIY projects to help boost your home&#8217;s value:</p> <p><strong>Invest in Your Landscaping</strong><br /> Landscaping is often regarded as one of the top three ways to add value to your home in terms of return on investment. HomeGain.com <a href="http://www.homegain.com/media-center/polls-surveys?pr_year=2007" target="_blank">conducted</a> a survey of 2,000 brokers in 2007. The results indicated you could possibly quadruple an investment of $400-$500 on well-planned landscaping.</p> <p>That said, just throwing a couple hundred dollars at plants is not a good approach. Instead, focus on creating a healthy, vibrant lawn. Fill in dead or sparse areas, fertilize, and clean up edges along your sidewalk, pathways and gardens. Trim overgrown bushes and shrubberies and cut down tangled tree branches. Plant flowers and plants to brighten up your landscape—just be sure to plant perennials that will come back year after year, not annuals that will die within a year and never return. Also, look for plants that are native to your region or are drought-tolerant. They need less water and maintenance, saving you money in the long run.</p> <p><strong>Upgrade Your Front Door</strong><br /> Your front door is the entryway to your home and it sets the tone for the rest of the house. Make a good impression by ensuring your home&#8217;s entry point (including the area directly surrounding the door) is attractive and eye-catching.</p> <p>The first thing to consider here is whether to replace your existing door or not. If the door you have is good quality and a style you like, you can save some money by just freshening it up a bit. Refinish the wood or paint it for a pop of color; clean and polish the hardware or replace it with something that will add more of an accent; and replace the hinges if they are worn. If you decide to replace the door, look for a well-insulated, energy-efficient, secure door; this is not something you want to cut corners on by going with a cheap alternative.</p> <p><strong>Illuminate With Outdoor Lighting</strong><br /> Outdoor/exterior lighting adds value to your home in three important ways. First, it helps keep you and your family safe. It&#8217;s important to be able to see where you are going to avoid a fall. Second, it adds a layer of security. Keeping your property well-lit is a good way to deter a would-be thief from targeting your home. Third, it enhances the aesthetics of your property. Show off your beautiful home and well-maintained landscape.</p> <p>Consider which of these aspects are important to you. If safety is your goal, focus on pathways, entryways and steps. If you are more concerned with security, perimeter lighting set on timers and motion-activated flood lights are your best bet. If you want to add curb appeal, light up your trees, unique landscape elements, and water features.</p> <p>The second thing to consider is what type of lighting to go with. Solar is great because you don&#8217;t need wiring and don&#8217;t have to pay for power. LED lights produce a bright, crisp light and are energy-efficient. Halogen lighting, though affordable, is being phased out for the most part. Consider replacing existing halogen bulbs with LED replacements (also called LED retrofitting).</p> <p><strong>Discover the Magic of Pressure Washing</strong><br /> You see your home every day, so you might not notice as it slowly gets dirty and the colors and features become dusty and dim. Just spending an afternoon with the power washer can dramatically add some pop and resuscitate your curb appeal.</p> <p>First and foremost, read the instructions and specifications of the pressure washer you purchased or rented. Check the water flow in gallons per minute in addition to the PSI, and get one with different pressure settings if possible. Confirm it is okay to use on all the areas you are planning to wash to ensure nothing will be damaged. You&#8217;ll probably be okay on things like sidewalks and driveways, but double check that your siding and windows can withstand the pressure. Turn off power to electrical outlets and fixtures and cover them. You may also want to cover plants and flowers if they are close to your house or the area you&#8217;ll be cleaning. You&#8217;ll likely want to use detergent (only use detergent that is specifically made for pressure washers) for the grimier parts of the job.</p> <p><strong>Create a Beautiful, Functional Space With a Fire Pit</strong><br /> Adding a fire pit is a cheap, simple way to help get the most out of your outdoor space by breaking it up into different areas. Fire pits consistently poll well among potential homebuyers (especially younger ones), and came in first in expected popularity of design elements, according to the <a href="http://www.asla.org/NewsReleaseDetails.aspx?id=48055" target="_blank">Residential Landscape Architecture Trends Survey</a>. One of the great things about taking on this project is that it can be as simple or as grand as you like. You could DIY a very basic one for as little as $150, or you could go all out and include a gas line (with professional help) and a fancy fixture if you have a bigger budget at your disposal. If you are not as handy, you can get a kit with everything you need and step-by-step instructions. However, building your own fire pit is not overly complicated and will allow you to completely customize it to fit your personal taste.</p> <p><strong>Upgrade Your Home&#8217;s Technology</strong><br /> These days, homebuyers want the latest technology. It&#8217;s easy to understand why when you look at all the amazing things technology can do for your household. Having these advanced features can be what sets your home apart from similar ones on the market.</p> <p>You can install <a href="http://www.asecurelife.com/best-smart-locks/" target="_blank">smart locks</a> for added safety and convenience. You&#8217;ll never have to stumble around trying to get your keys out of your pocket while carrying groceries again, thanks to Bluetooth technology that will pick up on your phone approaching—and you&#8217;ll never stress again wondering if you forgot to lock the door when you rushed out. Smart sprinklers can save time and money. The sprinkler system can adjust based on weather patterns and temperature so you’ll save money by not wasting water.</p> <p>These are all projects that offer a good return on your investment and can be done without a professional, saving you around 40-60 percent of what you might be charged. Plus, these projects can be wrapped up within a couple days, meaning you could conquer them over the course of a weekend or two. Get out there and start building some sweat equity the smart way!</p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/15/easy-diy-projects-boost-your-home-value/">6 Easy DIY Projects That Will Boost Your Home&#8217;s Value</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/15/easy-diy-projects-boost-your-home-value/feed/ 0 2017-06-15 20:16 +00:00 2017-06-15 13:16 -07:00 http://money.cnn.com/2017/06/15/real_estate/down-payment-savings/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/KDEIqLl5rac/index.html Where should I stash my down payment savings? If buying a house is on your short-term to-do list, experts say keep your down payment funds liquid. Looking to buy further down the road? You have some more options.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/KDEIqLl5rac" height="1" width="1" alt=""/> Thu, 15 Jun 2017 09:59:33 -0400 http://money.cnn.com/2017/06/15/real_estate/down-payment-savings/index.html?section=money_realestate 2017-06-15 09:59 -04:00 2017-06-15 06:59 -07:00 http://rismedia.com/?p=130861 http://rismedia.com/2017/06/14/sneak-peek-crd-podcast-first-episodes/ Advice Agent Best Practices Buying/Selling House Canary Latest News Marketing Niche Teams AVM Center for REALTOR® Development e-Pro Certification Home Pricing Strategies MRP Certification NAR Podcast Real Estate Investing Realtors Property Resource® A Sneak Peek at CRD Podcast’s First 3 Episodes <p>The following information is provided by the Center for REALTOR® Development (CRD). A few weeks ago, we provided you some general launch information about the new podcast that Center for REALTOR® Development launched in May. Now, we want to share with you some more specifics about its three initial episodes so you can get a [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/14/sneak-peek-crd-podcast-first-episodes/">A Sneak Peek at CRD Podcast&#8217;s First 3 Episodes</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 14 Jun 2017 20:44:02 Z http://rismedia.com/2017/06/14/sneak-peek-crd-podcast-first-episodes/#respond Susanne Dwyer <p><em>The following information is provided by the </em><a href="http://onlinelearning.realtor/a/?affiliateId=10781" target="_blank"><em>Center for REALTOR® Development (CRD)</em></a><em>.<br /> </em></p> <p>A few weeks ago, we provided you some general launch information about the new podcast that Center for REALTOR® Development launched in May. Now, we want to share with you some more specifics about its three initial episodes so you can get a taste of the kinds of topics the podcast will cover and the types of interviewees our host, <a href="http://monicaneubauer.com/" target="_blank">Monica Neubauer</a>, will be interviewing.</p> <p>We&#8217;re hoping you&#8217;ll give at least one of these episodes a listen now, and possibly subscribe so that you get notified when all the future episodes release, too. For all the details about the podcast and how to subscribe, check out its website at <a href="http://www.crdpodcast.com/" target="_blank">CRDpodcast.com</a>.</p> <p>The first episode, <strong><em>Pricing Strategies in the Market</em></strong>, focuses on pricing strategies, and its guests provide some different perspectives on pricing strategies in today&#8217;s real estate market for buyers and sellers. <a href="http://themelaniegroup.com/about/" target="_blank">Melanie McLane</a> (second-generation REALTOR® and renowned instructor and consultant) and Rob Mehta (principal of <a href="http://www.robmehtapartners.com/" target="_blank">Rob Mehta+Partners</a> and 19-year industry veteran) both share their expertise about basic and advanced areas to consider when pricing homes. In addition, they talk about how to best work with appraisers and AVMs, and how to use RPR tools.</p> <p>In episode two, <strong><em>Military Real Estate Tips</em></strong>, the first guest, <a href="https://www.calibermilitarylending.com/about-caliber/leadership" target="_blank">Bryan Bergjans</a>, joins us to talk about VA loans. He began his career in mortgage banking in 2002, and currently serves as the national director of Military and VA Lending with Caliber Home Loans. In addition to his work with Caliber, he serves in the Navy, and is also an instructor with NAR for the <a href="http://onlinelearning.realtor/A/Category/?id=85?affiliateId=10781" target="_blank">Military Relocation Professional</a> certification. In the second part of the show, <a href="http://www.realtor.com/realestateagents/Juanita-Charles_Clarksville_TN_1160180_219494132" target="_blank">Juanita Charles</a> joins the show to talk about how she serves active duty and military veterans. She served in the military, and now currently works as a REALTOR® in Clarksville, Tenn.</p> <p>In the third episode, <strong><em>Real Estate Investing</em></strong>, <a href="http://www.phippsrealty.com/agent/ron-phipps/" target="_blank">Ron Phipps</a>, former NAR president and owner of <a href="http://www.phippsrealty.com/" target="_blank">Phipps Realty</a>, joins Monica to talk about how to get involved in real estate investing, and to discuss the benefits and the best ways to get started. Real estate investing is a great way to build wealth and to prepare for long-term cash flow for the future. This is a great opportunity for real estate agents, investors, and the general public. In addition to the benefits, Monica and Ron talk about some of the downsides to real estate investing, and the risk involved with different kinds of units.</p> <p><em>In addition to this new podcast, feel free to also check out our featured product this month at the Center for REALTOR® Development, the </em><em>NEW e-PRO® Day 1 and 2 online bundle</em><em>, which is the educational requirement for </em><a href="http://onlinelearning.realtor/A/Category/?id=137?affiliateId=10781" target="_blank"><em>NAR&#8217;s e-PRO® certification</em></a><em> and is on sale this entire month of June at 25% off. This certification aims to </em><em>help real estate professionals broaden their technology skills to </em><em>connect effectively with today&#8217;s digitally-savvy consumer.</em></p> <p><em>For more information, please visit </em><a href="http://onlinelearning.realtor/A/HOME?affiliateId=10781" target="_blank"><em>onlinelearning.realtor</em></a><em>.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/14/sneak-peek-crd-podcast-first-episodes/">A Sneak Peek at CRD Podcast&#8217;s First 3 Episodes</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/14/sneak-peek-crd-podcast-first-episodes/feed/ 0 2017-06-14 20:44 +00:00 2017-06-14 13:44 -07:00 http://rismedia.com/?p=130854 http://rismedia.com/2017/06/14/ways-every-homebuyer-can-save-title-insurance/ Advice Buying/Selling For Your Clients Home Spun Wisdom How-To Latest News Bankrate Home-Buying Simultaneous Issue Rate Title Insurance Title Insurance Savings 4 Ways Every Homebuyer Can Save on Title Insurance <p>(TNS)—When you find the home of your dreams, make an offer and apply for a mortgage, you might not give much thought to the cost of title insurance—but that can be a mistake. A title policy defends buyers (and their lenders) from future property ownership claims, surprise liens and other potentially costly complications with property [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/14/ways-every-homebuyer-can-save-title-insurance/">4 Ways Every Homebuyer Can Save on Title Insurance</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Wed, 14 Jun 2017 20:38:03 Z http://rismedia.com/2017/06/14/ways-every-homebuyer-can-save-title-insurance/#respond Susanne Dwyer <p>(TNS)—When you find the home of your dreams, make an offer and apply for a mortgage, you might not give much thought to the cost of title insurance—but that can be a mistake.</p> <p>A title policy defends buyers (and their lenders) from future property ownership claims, surprise liens and other potentially costly complications with property titles.</p> <p>Homebuyers usually purchase title insurance as part of closing costs and often take the first title insurer suggested by the seller, says Rafael Castellanos, founder of a title insurance agency in New York.</p> <p>Unfortunately, many buyers get sticker shock when they realize how much title insurance is. &#8220;The fees are generally about 1 percent of the loan amount,&#8221; Castellanos says.</p> <p>However, buyers can cut the cost of a title insurance policy by hundreds of dollars if they are willing to ask questions and get independent guidance.</p> <p>Here are four ways you can save money on title insurance.</p> <p><strong>Shop Around for the Best Deal</strong><br /> Title insurance involves a two-part process. First, a search of a property&#8217;s title history is conducted to look for errors or problems with the deed. Then, an insurance policy is underwritten to protect the buyer if any issues are discovered.</p> <p>In several states, insurance providers are allowed to set their own prices, which means the insurance premiums can vary widely. Homebuyers won&#8217;t know which title companies offer the best rates unless they shop around.</p> <p>A good place to start comparison-shopping is the website of the American Land Title Association, which provides a search engine based on geography.</p> <p>Another option is to ask an independent attorney for help in understanding local regulations, costs involved and insurance company recommendations.</p> <p>&#8220;Buyers need someone who has an independent thought and who is well-versed in real estate,&#8221; Castellanos says. &#8220;The best person for that is often an attorney.&#8221;</p> <p><strong>Negotiate the Add-On Fees</strong><br /> In states where insurance is highly regulated, title insurers don&#8217;t have much wiggle room on their rates. So, homebuyers won&#8217;t find much difference in premiums from one company to another.</p> <p>However, in nearly all cases, extra fees are part of the transaction when you buy a title insurance policy. These add-on expenses include mail and courier charges, copy fees, and costs for searches and certificates—and these charges can be negotiable, even when the insurance premiums are not.</p> <p>Experts say you often can reduce these costs simply by calling the title insurance company and asking to have some of the fees removed. If the insurer balks, you can always look for another provider.</p> <p><strong>Ask for the &#8216;Simultaneous Issue Rate&#8217;</strong><br /> Homebuyers purchase title insurance to protect themselves. At the same time, their mortgage company will likely require that a separate insurance policy be issued in the lender&#8217;s name.</p> <p>It is typically the borrower&#8217;s responsibility to pay for both.</p> <p>&#8220;The bank partners with you,&#8221; Castellanos explains, &#8220;but they need to be protected and confident that they have a valid first lien against the property, so they require this insurance.&#8221;</p> <p>Although the two insurance policies are independent of one other, borrowers can buy them together and save.</p> <p>&#8220;When the policies are issued at the same time, in some states there is something called the &#8216;simultaneous issue rate,'&#8221; Castellanos says. It includes a highly discounted premium for the lender&#8217;s insurance.</p> <p>As a result, the total title cost for both policies is usually a lot less than if they were purchased independent of each other. Always be sure to ask for this discount.</p> <p><strong>Ask the Seller to Pay for Your Policy</strong><br /> When a local real estate market favors buyers over sellers, homebuyers may feel emboldened to ask sellers to pay for title insurance.</p> <p>That used to be a very unusual request; however, in a buyer&#8217;s market, sellers are motivated and may be more willing to negotiate.</p> <p>&#8220;You will see people financially negotiating on every term, including asking someone to pay for their title insurance,&#8221; says Edward Mermelstein, a real estate attorney in New York.</p> <p>However, he cautions buyers not to lose sight of the overall goal, which is to close the sale.</p> <p>There are many other concessions buyers can ask for in a deal—such as a reduced purchase price or a home warranty—that save even more money than having the seller pay for title insurance.</p> <p><em>©2017 Bankrate.com</em></p> <p><em>Distributed by Tribune Content Agency, LLC</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/14/ways-every-homebuyer-can-save-title-insurance/">4 Ways Every Homebuyer Can Save on Title Insurance</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/14/ways-every-homebuyer-can-save-title-insurance/feed/ 0 2017-06-14 20:38 +00:00 2017-06-14 13:38 -07:00 http://money.cnn.com/2017/06/12/real_estate/where-to-start-home-buying-process/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/RWoOr4OeqW0/index.html Thinking of buying a house? Here's where to start Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/RWoOr4OeqW0" height="1" width="1" alt=""/> Mon, 12 Jun 2017 12:18:04 -0400 http://money.cnn.com/2017/06/12/real_estate/where-to-start-home-buying-process/index.html?section=money_realestate 2017-06-12 12:18 -04:00 2017-06-12 09:18 -07:00 http://rismedia.com/?p=130677 http://rismedia.com/2017/06/10/you-better-know-whats-next/ Advice Agent Best Practices Buying/Selling Coaching Latest News Lead Gen Lead Story Teams Cleve Gaddis homebuyer needs Real Estate Business Planning Workman Success Systems You Better Know What’s Next <p>If you&#8217;re interested in mastering the art of working with buyers, you need to always be able to answer the question, &#8220;What&#8217;s next?&#8221; Even though logic tells us a homebuyer will work diligently toward buying a home and only take steps toward that end, there are typically more missteps than correct steps throughout the process. [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/10/you-better-know-whats-next/">You Better Know What&#8217;s Next</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sat, 10 Jun 2017 04:03:10 Z http://rismedia.com/2017/06/10/you-better-know-whats-next/#respond Susanne Dwyer <p>If you&#8217;re interested in mastering the art of working with buyers, you need to always be able to answer the question, &#8220;What&#8217;s next?&#8221;</p> <p>Even though logic tells us a homebuyer will work diligently toward buying a home and only take steps toward that end, there are typically more missteps than correct steps throughout the process. Why? Because the buyer isn&#8217;t the process expert—you are. Why do we sometimes let our buyer clients get themselves so far off track in the process? The answer is simple: It&#8217;s because we don&#8217;t keep them focused on what&#8217;s next.</p> <p>As an example, how often have you invested time showing homes to a prospective buyer only to learn later that qualifying for a loan is a problem? It&#8217;s only because you weren&#8217;t focused specifically on what&#8217;s next.</p> <p>Below are some specific tools that will help you stay totally focused on what&#8217;s next during the process of attracting new buyer prospects.</p> <p><strong>The Magic Script.</strong> I know everyone hates scripts—and early in my sales career, I felt exactly the same—but scripts are the key to being able to focus fully on your prospect. Once you&#8217;ve mastered what to say next, you can stop worrying about that and focus instead on your buyer and their needs. At Workman Success Systems, we use a script called LPMAMA when a buyer inquires about a specific home. The letters stand for Location, Price, Motivation, Agency, Mortgage and Appointment. We believe these are the key elements to understanding enough about the buyer and their needs to move the process forward. This script works with our buyer information sheet, which is used to collect important buyer information.</p> <p>A, B &amp; C Buyer Lead Management. You should always know exactly where a buyer is in the process and have them categorized correctly. We use the following categories:</p> <ul> <li>&#8220;A&#8221; buyers need to purchase a home in the next 30 days. These are buyers who you have an appointment scheduled with. Once you&#8217;ve finished an appointment with a buyer client in this category, you should schedule the next appointment before parting ways. It&#8217;s the only way to keep them an A.</li> <li>&#8220;B&#8221; buyers need to purchase within 90 days. Follow up with these prospects during the weeks of the 1st and 15th each month.</li> <li>&#8220;C&#8221; buyers need to buy in more than 90 days. Follow up with this group every single month during the week of the 8th.</li> </ul> <p>These are just a couple simple yet effective tools you can use to make sure you&#8217;re always focused on what&#8217;s next. Sometimes it&#8217;s that little nudge toward the next step that can make the difference in actually closing a sale or not.</p> <p><em>Cleve Gaddis of Gaddis Partners, RE/MAX Center learned sales the hard way, selling vacuum cleaners door-to-door, and now his real estate team closes $60 million in sales annually in Atlanta, Ga. He loves to share his sales strategies and to see others succeed. He&#8217;s the host of the Call Cleve Atlanta Real Estate Show which can be heard on NewsTalk 1160 WCFO every week. Contact him at </em><a href="mailto:Cleve@GoGaddis.com"><em>Cleve@GoGaddis.com</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/10/you-better-know-whats-next/">You Better Know What&#8217;s Next</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/10/you-better-know-whats-next/feed/ 0 2017-06-10 04:03 +00:00 2017-06-09 21:03 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/09/tips-for-buying-a-house/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/vktrnQdeE54/index.html Homebuying secrets from the real estate battlefield In the middle of your house hunt and feeling a bit overwhelmed? We talked to recent home buyers to get their tips for navigating the market.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/vktrnQdeE54" height="1" width="1" alt=""/> Fri, 09 Jun 2017 09:33:11 -0400 http://money.cnn.com/gallery/real_estate/2017/06/09/tips-for-buying-a-house/index.html?section=money_realestate 2017-06-09 09:33 -04:00 2017-06-09 06:33 -07:00 http://money.cnn.com/2017/06/08/real_estate/first-time-home-buyer-missing/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/l7TijhqBZq0/index.html 3 million first-time homebuyers have been shut out of the market Over the past 10 years, three million first-time home buyers have been shut out of the housing market, according to a new report.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/l7TijhqBZq0" height="1" width="1" alt=""/> Thu, 08 Jun 2017 12:05:18 -0400 http://money.cnn.com/2017/06/08/real_estate/first-time-home-buyer-missing/index.html?section=money_realestate 2017-06-08 12:05 -04:00 2017-06-08 09:05 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/07/how-long-to-save-for-downpayment/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/iKKLMZ90VGk/index.html Here's how long it takes to save for a down payment Saving for a down payment is often the biggest hurdle Millennials face when it comes to buying a home. And in some major cities, it will take at least a decade to save enough to put 20% down.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/iKKLMZ90VGk" height="1" width="1" alt=""/> Wed, 07 Jun 2017 11:10:44 -0400 http://money.cnn.com/gallery/real_estate/2017/06/07/how-long-to-save-for-downpayment/index.html?section=money_realestate 2017-06-07 11:10 -04:00 2017-06-07 08:10 -07:00 http://money.cnn.com/2017/06/06/real_estate/young-home-buyer-profit/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/2RyZ_nkInrw/index.html Why buying a condo at 29 was a financial windfall Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/2RyZ_nkInrw" height="1" width="1" alt=""/> Tue, 06 Jun 2017 10:12:41 -0400 http://money.cnn.com/2017/06/06/real_estate/young-home-buyer-profit/index.html?section=money_realestate 2017-06-06 10:12 -04:00 2017-06-06 07:12 -07:00 http://rismedia.com/?p=130426 http://rismedia.com/2017/06/04/reasons-home-selling/ Advice Buying/Selling For Your Clients Latest News DCRealEstateGuru.com Home Staging Home Valuation Home-Selling Tips RISMedia's Housecall 11 Reasons Why Your Home Isn’t Selling <p>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at blog.rismedia.com: Protect Your Home From an Invisible—and Fatal—Danger: Radon Top 10 Urban Properties With the Best Views Summer Pool Maintenance 101 When you first put your house on the market, you might be hopeful for a quick sale—especially if [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/04/reasons-home-selling/">11 Reasons Why Your Home Isn&#8217;t Selling</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Sun, 04 Jun 2017 17:04:54 Z http://rismedia.com/2017/06/04/reasons-home-selling/#respond Susanne Dwyer <p><em>Editor&#8217;s Note: This was originally published on RISMedia&#8217;s blog, Housecall. See what else is cookin&#8217; now at </em><a href="http://blog.rismedia.com"><em>blog.rismedia.com</em></a><em>:<br /> </em></p> <ul> <li><a href="http://blog.rismedia.com/2017/radon/">Protect Your Home From an Invisible—and Fatal—Danger: Radon</a></li> <li><a href="http://blog.rismedia.com/2017/views/">Top 10 Urban Properties With the Best Views</a></li> <li><a href="http://blog.rismedia.com/2017/summer-pool-maintenance-101/">Summer Pool Maintenance 101</a></li> </ul> <p>When you first put your house on the market, you might be hopeful for a quick sale—especially if you&#8217;ve put a lot of money into improving the house over the years and if the neighborhood is one that has historically attracted a lot of buyers. While you shouldn&#8217;t panic if the house doesn&#8217;t sell the moment you list it, you should begin to worry if the months start flying by without any real offers. If this is the case, here are 11 reasons why your house may not be selling.</p> <ol> <li><strong> <strong>You overvalued your property.</strong></strong>If your house is overpriced, it&#8217;s simply not going to sell. Compare your property to similar properties that recently sold within your area to get a better idea of its true value. An experienced real estate agent can give you an accurate value of your home. Additionally, don&#8217;t make the mistake of tacking on the cost of any renovations you made. You can&#8217;t just assume that the cost of a renovation translates to added value.</li> </ol> <ol start="2"> <li><strong>Your listing is poor.</strong>If the listing of your home includes a poorly written description without any images, a lot of buyers are going to skip over it. Make sure you and your REALTOR® put an effort into creating a listing that attracts the attention of buyers. Make sure to add high quality photographs of both the interior and exterior of your home. Don&#8217;t forget to highlight unique features, as well.</li> </ol> <ol start="3"> <li><strong> You&#8217;re always present at showings.</strong>Let your agent handle your showings. Buyers don&#8217;t want to have the seller lurking over their shoulder during showings, especially during an open house. This puts unwanted pressure on the buyer, which will make them uncomfortable and likely chase them away.</li> </ol> <ol start="4"> <li><strong> You&#8217;re too attached.</strong>If you refuse to negotiate even a penny off your price, then there&#8217;s a good chance that you&#8217;ve become too attached to your home. If a part of you doesn&#8217;t want to sell it, or you think your house is the best house in the world, odds are you&#8217;re going to have a lot of difficulties coming to an agreement with a potential buyer.<strong><br /> </strong></li> </ol> <ol start="5"> <li><strong> You haven&#8217;t had your home professionally cleaned.</strong>A dirty house is going to leave a bad impression on buyers. Make sure you have a professional clean your carpeting and windows before you begin showing your house.</li> </ol> <ol start="6"> <li><strong>You haven&#8217;t staged your home.</strong>If you&#8217;ve already moved out, then don&#8217;t show an empty house. This makes it difficult for buyers to imagine living in it.<a href="http://www.hgtv.com/shows/designed-to-sell/15-secrets-of-home-staging-pictures" target="_blank"> Stage your house</a> with furniture and decor to give buyers a better idea of how big every room is and how it can be used. You want the buyer to feel at home when they are taking the tour.<strong><br /> </strong></li> </ol> <ol start="7"> <li><strong> You kept up all of your personal decor.</strong>Buyers are going to feel uncomfortable touring your house if you keep all of your family portraits up. Take down your personal decor so that buyers can have an easier time imagining themselves living there.<strong><br /> </strong></li> </ol> <ol start="8"> <li><strong> Your home improvements are too personalized.</strong>You might think that the comic book mural you painted for your child&#8217;s room is absolutely incredible, but that doesn&#8217;t mean potential buyers will agree. If your home improvements are too personalized, it can scare off buyers who don&#8217;t want to pay for features they don&#8217;t want.<strong><br /> </strong></li> </ol> <ol start="9"> <li><strong> Your home is too cluttered.</strong>Even if your home is clean, clutter can still be an issue. For example, maybe you simply have too much furniture in one of your rooms. This can make the house feel smaller than it is.<strong><br /> </strong></li> </ol> <ol start="10"> <li><strong> Your home is in need of too many repairs.</strong>The more repairs that are needed, the less likely a buyer will want your house. Many buyers simply don&#8217;t want to deal with the cost or effort of doing repair work, even if it&#8217;s just a bunch of small repairs, such as tightening a handrail or replacing a broken tile.<strong><br /> </strong></li> </ol> <ol start="11"> <li><strong> You chose the wrong real estate agent.</strong>In my opinion,choosing the <a href="http://dcrealestateguru.com/choosing-the-right-washington-dc-real-estate-agent/" target="_blank">right real estate agent</a> is simply the most important decision you make in selling your home.  A good REALTOR® makes all the difference in selling your home within a reasonable time.</li> </ol> <p>All these things can be fixed once you realize your mistake; however, the longer your property stays on the market, the less likely it will sell at listing price. One of the best ways to avoid making these common mistakes is by working with a professional real estate agent.<em><br /> </em></p> <p><em>Charles Muotoh is the owner of</em> <a href="http://dcrealestateguru.com/choosing-the-right-washington-dc-real-estate-agent/" target="_blank"><em>dcrealestateguru.com</em></a><em>, a full-service real estate firm focused on leveraging digital marketing strategies to serve buyers and sellers of real estate in the Washington D.C. area.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/04/reasons-home-selling/">11 Reasons Why Your Home Isn&#8217;t Selling</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/04/reasons-home-selling/feed/ 0 2017-06-04 17:04 +00:00 2017-06-04 10:04 -07:00 http://money.cnn.com/gallery/real_estate/2017/06/02/fastest-growing-cities-census/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/azOrpTiXV3c/index.html These are the fastest-growing cities in the U.S. Looking to make a move to a new city? Here are the 10 fastest growing large cities in the U.S., according to the Census Bureau.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/azOrpTiXV3c" height="1" width="1" alt=""/> Fri, 02 Jun 2017 10:01:49 -0400 http://money.cnn.com/gallery/real_estate/2017/06/02/fastest-growing-cities-census/index.html?section=money_realestate 2017-06-02 10:01 -04:00 2017-06-02 07:01 -07:00 http://rismedia.com/?p=130373 http://rismedia.com/2017/06/01/find-house-today/ Advice Buying/Selling For Your Clients Latest News ABR® Designation First-Time Homebuyers Home-Buying Tips Homes.com Housing Inventory NAR Real Estate Economy Watch REBAC Trulia Zillow How to Find a House Today <p>This year may be the most difficult in a decade to buy a home, especially for a first-time homebuyer. Prices are soaring in most markets, and for affordable starter homes, the price is rising faster than larger homes.* Supplies are suffering from a three-year inventory drought that also is hitting starter homes hardest. The number [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/01/find-house-today/">How to Find a House Today</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Thu, 01 Jun 2017 20:06:13 Z http://rismedia.com/2017/06/01/find-house-today/#respond Susanne Dwyer <p>This year may be the most difficult in a decade to buy a home, especially for a first-time homebuyer. Prices are soaring in most markets, and for affordable starter homes, the price is rising faster than larger homes.* Supplies are suffering from a three-year inventory drought that also is hitting starter homes hardest. The number of starter and trade-up homes fell 8.7 percent and 7.9 percent, respectively, during the past year, while the inventory of premium homes has fallen by just 1.7 percent, according to Ralph McLaughlin, Trulia&#8217;s chief economist.*</p> <p>There&#8217;s little leeway for mistakes in today&#8217;s marketplace. Discipline is essential, and the learning curve is stepped. Buying a home is serious business, and in most markets today, it is the most difficult step in the process for move-up buyers, as well as first-timers.</p> <p>Here are five tips on house-hunting in today&#8217;s marketplace that will put you ahead of the competition and may spell the difference between success and failure.<strong><br /> </strong></p> <p><strong>Hire a specialist.</strong> If you had a serious medical condition, you would seek advice and treatment from a medical specialist. Real estate is also a large and complex field. Many brokers and agents specialize in delivering better service to their clients and customers. If you&#8217;re serious about finding a home today, hire a REALTOR® who specializes in serving buyers. Look for one with the designation ABR after their name. It stands for Accredited Buyer&#8217;s Representative and means that they are REALTORS® who have received specialized training from the <a href="http://rebac.net/abr" target="_blank">Real Estate Buyer&#8217;s Agent Council</a> (REBAC) and have experience representing buyers. Even if you don&#8217;t hire a specialist, you should hire a REALTOR®. Not all agents are REALTORS®; REALTORS® are members of the National Association of REALTORS® (NAR) who are licensed and abide by NAR&#8217;s Code of Ethics. Hiring a REALTOR® with an ABR designation won&#8217;t cost you anything, and a professional&#8217;s assistance could make all the difference. Above all, don&#8217;t try to go it alone today. Last year nearly 90 percent of successful buyers used an agent.**</p> <p><strong>Don&#8217;t start your search until you are ready. </strong>It&#8217;s a good idea to spend some time online surfing real estate sites and learning about real estate and checking out what&#8217;s available; however, you aren&#8217;t a serious buyer until you have done all you can to improve your credit, raised the money you need for a down payment, been pre-approved for a mortgage from at least one lender and hired an agent</p> <p><strong>Make a budget and stick to it.</strong> The amount for which your lender pre-approves you is not your budget. Your pre-approved amount is conditional and can change when you apply for a mortgage. Moreover, it does not include many of the other costs of homeownership, like taxes, home insurance and maintenance. Sit down with your agent, make your budget and stick to it. As a rule of thumb, economists recommend you spend no more than 30 percent of your gross income on housing costs. Make a pledge to yourself to stick to your budget. There are few heartaches worse than falling in love with a house you can&#8217;t afford or stretching yourself so thin that you are &#8220;house poor&#8221; for years to come.</p> <p><strong>House hunt every day. </strong>Looking for a house in today&#8217;s market is like having a second job. Financially, finding the right home may be even more important to you than a second job. The outcome of your search will determine where you live and how much you spend on housing for years to come. Be proactive with your agent to learn as much as you can about the home-buying process and conditions in your market. Spend time every day reviewing listings and learning about neighborhoods. Drive the neighborhoods in which you are interested and go to open houses to get a feel for the market and to meet listing agents who may have a home that meets your criteria. Check out &#8220;coming soon&#8221; listings to get a head start on the competition.</p> <p><strong>Use a selection of sites. </strong>Most buyers start their house search on one of the major national real estate sites like <a href="http://www.realtor.com" target="_blank">realtor.com</a>®, <a href="http://www.zillow.com" target="_blank">Zillow</a> or <a href="http://www.homes.com" target="_blank">Homes.com</a>. These sites have great features, research and how-to material. As you get more serious about finding a house, increase your selection of sites to include your local multiple listing services, if yours has a consumer site with listings (not all do). Also, bookmark several of the leading local brokerages in your market. Listings may appear earlier on a local brokerage site than a national site, and often updated information like contracts or price changes are posted first on the site of the listing broker who represents the property. Sign up for email updates of listings that fit your criteria.</p> <p><strong>Be flexible. </strong>You may find that you cannot afford to live where you would like, or you can&#8217;t afford the size or amenities you want. If those are deal-breakers for you, you may not be ready to buy in your market today—or you might revisit your plans and decide to live a little farther out from the city, buying an older house that you can improve over time. Starting out in a condo might be an acceptable alternative. Chances are prices in your market are not going to decline, and by buying now, you will begin to accumulate equity. Though mortgage rates have risen over the past year, they are still very reasonable by historical standards, which means that the odds are they will continue to rise, rather than fall, in the future. Expand the geography and price ranges on the websites you are using and see what you find.</p> <p><strong>Sweeten your offer. </strong>When you find a house on which you want to make an offer, ask your agent for a comparative market analysis (CMA) to determine its value. Don&#8217;t rely on the estimated values provided by valuation tools on real estate sites. Knowing the value is important not just for deciding how much to offer, but also to anticipate how much the house will appraise for. CMAs are based on recent sales of comparable properties, similar to appraisals. Chances are you will be competing with other buyers, including investors who pay all cash. Sellers are not only looking for the best price; they also want an offer that will close on time from a buyer whose financing won&#8217;t fall through. Consider sweetening your offer by increasing your down payment and getting more than one pre-approval. Be flexible on considerations like renting back if the owner is a move-up buyer who may need time to find a new home. If you are a move-up buyer, sell your current home before you buy a new one. Most sellers react negatively to offers that are contingent upon a buyer first selling his current home.</p> <p><strong>Don&#8217;t lose your deal. </strong>About 23 percent of contracts on homes today have a delayed settlement, and 7 percent of contracts fail to close and are terminated. The leading causes for delayed settlements are issues related to obtaining financing and appraisal issues. Among contracts that were terminated, 25 percent faced issues related to home inspections, and 20 percent had issues related to the buyer&#8217;s ability to obtain financing.*** One way to improve your odds for financing is to get more than one pre-approval so that you are ready to talk to a second lender if your first application fails. Most appraisal issues result from appraisals that come in lower than the contract price and buyers must come up with more cash. One way to protect against a low appraisal is to know the value of the house before you make an offer and make a larger down payment than you have to.</p> <p><strong>Persistence pays off. </strong>Don&#8217;t despair if a seller selects another offer over yours. Learn from your experiences. A better home may come on the market tomorrow. Last year buyers searched for an average of 10 weeks and looked at a median of 10 homes**, but that&#8217;s just a national average for all buyers. If you are a first-time buyer in a hot market, expect your hunt to take longer. Don&#8217;t quit when the weather turns cold. Fall and winter can be good times to find a home. There are fewer listings than in the spring or summer, but there&#8217;s also less competition, and sellers are usually more motivated.</p> <p><em>* McLaughlin, Ralph. (2017, May 22) Don&#8217;t Call It a Comeback: How Rising Home Values May Be Stifling Inventory. Retrieved from </em><a href="http://www.trulia.com/blog/trends/inventory-q117/" target="_blank"><em>www.trulia.com/blog/trends/inventory-q117/</em></a><em><br /> </em></p> <p><em>** 2016 Profile of Home Buyers and Sellers. National Association of REALTORS®.<br /> </em></p> <p><em>*** REALTORS® Confidence Index: Report on March 2017 Survey. National Association of REALTORS®. Retrieved from </em><a href="http://www.nar.realtor/sites/default/files/reports/2017/2017-03-realtors-confidence-index-04-21-2017.pdf" target="_blank"><em>www.nar.realtor/sites/default/files/reports/2017/2017-03-realtors-confidence-index-04-21-2017.pdf</em></a><em>.<br /> </em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/06/01/find-house-today/">How to Find a House Today</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/06/01/find-house-today/feed/ 0 2017-06-01 20:06 +00:00 2017-06-01 13:06 -07:00 http://money.cnn.com/2017/06/01/real_estate/first-time-home-buyer-tips/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Y9G3LtdFrbU/index.html First time home buyer? Here's what you need to know Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Y9G3LtdFrbU" height="1" width="1" alt=""/> Thu, 01 Jun 2017 15:03:09 -0400 http://money.cnn.com/2017/06/01/real_estate/first-time-home-buyer-tips/index.html?section=money_realestate 2017-06-01 15:03 -04:00 2017-06-01 12:03 -07:00 http://rismedia.com/?p=129987 http://rismedia.com/2017/05/23/report-power-real-estate-ira-investments/ Advice Buying/Selling For Your Clients Latest News News Spotlights Trending Real Estate Investing Real Estate IRA The Entrust Group Free Report: The Power of Real Estate IRA Investments <p>Entrust clients have a long track record—35 years—of investing in real estate using their tax-advantaged retirement savings accounts. Part of our mission is to educate investors, and our new real estate report is a prime example of that effort. The report&#8217;s detailed analysis of both purchases and sales data is a valuable tool for investors, [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/05/23/report-power-real-estate-ira-investments/">Free Report: The Power of Real Estate IRA Investments</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Tue, 23 May 2017 20:08:50 Z http://rismedia.com/2017/05/23/report-power-real-estate-ira-investments/#respond Susanne Dwyer <p>Entrust clients have a long track record—35 years—of investing in real estate using their tax-advantaged retirement savings accounts. Part of our mission is to educate investors, and our new real estate report is a prime example of that effort. The report&#8217;s detailed analysis of both purchases and sales data is a valuable tool for investors, financial and retirement advisors, and real estate professionals.</p> <p>For example, we now know that real estate investment using self-directed accounts is catching on in new parts of the country. In 2016, Missouri made its first appearance among the top five states where Entrust clients bought property. On the sales side, Tennessee and New Mexico broke into the top five.</p> <p>Single and multifamily properties continued to be the preferred type of property bought (78 percent) and sold (71 percent). Because rental revenue is often a goal of real estate investors, the report also contains insights into the national rental market, courtesy of Zillow.</p> <p>You can use a Traditional or Roth self-directed IRA to invest in real estate, and most clients choose one of those two vehicles—although in 2016, we noticed a growing number of clients using Individual 401(k) accounts for their real estate investments.</p> <p>You&#8217;ll find more useful information and interesting insights when you download your FREE copy of Entrust&#8217;s <a href="https://www.theentrustgroup.com/real-estate-investor-report-2017?utm_campaign=2017%20Real%20Estate%20Investor%20Market%20Research%20Report&amp;utm_source=RisMedia&amp;utm_medium=blog%20%2F%2005.12.2017%20%2F%20cta" target="_blank">2017 Real Estate Investor Market Research Report</a>.<em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.theentrustgroup.com" target="_blank"><em>www.theentrustgroup.com</em></a><em>.</em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/05/23/report-power-real-estate-ira-investments/">Free Report: The Power of Real Estate IRA Investments</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/05/23/report-power-real-estate-ira-investments/feed/ 0 2017-05-23 20:08 +00:00 2017-05-23 13:08 -07:00 http://rismedia.com/?p=129942 http://rismedia.com/2017/05/22/common-overlooked-expenses-selling-home/ Advice Buying/Selling For Your Clients Latest News Lead Story Trending Common Closing Costs Home Improvements Home Staging Home-Selling Thumbtack Zillow Common Overlooked Expenses of Selling a Home <p>Home sellers spend an average $15,190 on common, yet often overlooked expenses associated with placing a home on the market, including closing costs and home improvements, according to a recent analysis by Zillow. Over 80 percent of sellers spend on improvements to their homes before listing, with the most popular being carpet and/or house cleaning, [&#8230;]</p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/05/22/common-overlooked-expenses-selling-home/">Common Overlooked Expenses of Selling a Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> Mon, 22 May 2017 22:24:10 Z http://rismedia.com/2017/05/22/common-overlooked-expenses-selling-home/#respond Beth McGuire <p>Home sellers spend an average $15,190 on common, yet often overlooked expenses associated with placing a home on the market, including closing costs and home improvements, according to a recent <a href="http://www.zillow.com/blog/hidden-costs-of-selling-home-215952/" target="_blank">analysis</a> by Zillow.</p> <p>Over 80 percent of sellers spend on improvements to their homes before listing, with the most popular being carpet and/or house cleaning, interior painting, lawn care and staging, totaling an average $2,658. Sellers also typically spend elsewhere, such as on closing costs that include real estate professional commissions and sales or transfer taxes, totaling an average $12,532. (Note: Closing costs vary considerably by location—see chart below. Note: the &#8220;Total Hidden Costs of Selling&#8221; column is the sum of the &#8220;Estimated Closing Costs&#8221; and &#8220;Basic Home Prep Costs&#8221; columns.)</p> <p><img class="alignleft size-full wp-image-129943" src="http://rismedia.com/wp-content/uploads/2017/05/Zillow_Selling_Costs.png" alt="Zillow_Selling_Costs" width="888" height="838" srcset="http://rismedia.com/wp-content/uploads/2017/05/Zillow_Selling_Costs-300x283.png 300w, http://rismedia.com/wp-content/uploads/2017/05/Zillow_Selling_Costs-768x725.png 768w, http://rismedia.com/wp-content/uploads/2017/05/Zillow_Selling_Costs.png 888w" sizes="(max-width: 888px) 100vw, 888px" /></p> <p>&#8220;One of the biggest regrets sellers have is not starting the process early enough,&#8221; says Jeremy Wacksman, chief marketing officer at Zillow Group. &#8220;For those planning to sell this year, take your time to research all the costs you could be responsible for and how they may affect your profit, or even budget for your next home. Partner with a great agent who can help you understand the nuances in your market—from what taxes or closing costs you should expect, to which home renovation projects can help attract the right buyer.&#8221;</p> <p>&#8220;Sellers need to consider these additional, often necessary costs when planning to put their home on the market,&#8221; says Lucas Puente, economist at Thumbtack, which also conducted the analysis. &#8220;While it&#8217;s clear these costs vary widely, often times the easiest way to ensure a home is fully prepared to be sold is to hire local, skilled professionals to help with basic home projects.&#8221;<em><br /> </em></p> <p><em>For more information, please visit </em><a href="http://www.zillow.com" target="_blank"><em>www.zillow.com</em></a><em>.<u><br /> </u></em></p> <p><em>For the latest </em><a href="http://www.rismedia.com"><em>real estate news and trends</em></a><em>, bookmark RISMedia.com.</em></p> <p>The post <a rel="nofollow" href="http://rismedia.com/2017/05/22/common-overlooked-expenses-selling-home/">Common Overlooked Expenses of Selling a Home</a> appeared first on <a rel="nofollow" href="http://rismedia.com">RISMedia</a>.</p> http://rismedia.com/2017/05/22/common-overlooked-expenses-selling-home/feed/ 0 2017-05-22 22:24 +00:00 2017-05-22 15:24 -07:00 http://money.cnn.com/2017/05/11/real_estate/first-time-home-buyer/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Qvst2d6NyFQ/index.html 4 things first-time homebuyers need to know Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Qvst2d6NyFQ" height="1" width="1" alt=""/> Thu, 11 May 2017 15:27:46 -0400 http://money.cnn.com/2017/05/11/real_estate/first-time-home-buyer/index.html?section=money_realestate 2017-05-11 15:27 -04:00 2017-05-11 12:27 -07:00 http://money.cnn.com/2017/05/09/real_estate/seattle-housing-market-buyers/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/npWxFNKW8wI/index.html Good luck buying a home in this hot housing market Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/npWxFNKW8wI" height="1" width="1" alt=""/> Wed, 10 May 2017 08:31:48 -0400 http://money.cnn.com/2017/05/09/real_estate/seattle-housing-market-buyers/index.html?section=money_realestate 2017-05-10 08:31 -04:00 2017-05-10 05:31 -07:00 http://money.cnn.com/2017/04/27/real_estate/home-prices-sellers-market/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/Z_cQVH6fOSM/index.html Life is good for U.S. home sellers Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/Z_cQVH6fOSM" height="1" width="1" alt=""/> Thu, 27 Apr 2017 09:29:42 -0400 http://money.cnn.com/2017/04/27/real_estate/home-prices-sellers-market/index.html?section=money_realestate 2017-04-27 09:29 -04:00 2017-04-27 06:29 -07:00 http://money.cnn.com/2017/04/14/pf/mortgage-rates-cheaper-federal-reserve/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/8b1sn54uCFs/index.html The Fed raised interest rates. Why are mortgages getting cheaper? Despite the Federal Reserve increasing interest rates, mortgage rates have dropped to the lowest level this year.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/8b1sn54uCFs" height="1" width="1" alt=""/> Fri, 14 Apr 2017 11:51:31 -0400 http://money.cnn.com/2017/04/14/pf/mortgage-rates-cheaper-federal-reserve/index.html?section=money_realestate 2017-04-14 11:51 -04:00 2017-04-14 08:51 -07:00 http://money.cnn.com/2017/04/03/real_estate/millennial-homebuying/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/qpGdb08gCoM/index.html The struggle is real for Millennial homebuyers Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/qpGdb08gCoM" height="1" width="1" alt=""/> Mon, 03 Apr 2017 10:37:35 -0400 http://money.cnn.com/2017/04/03/real_estate/millennial-homebuying/index.html?section=money_realestate 2017-04-03 10:37 -04:00 2017-04-03 07:37 -07:00 http://money.cnn.com/2017/03/31/real_estate/buy-a-home/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/oH4e3jJNXac/index.html 3 reasons not to buy a house this year Read full story for latest details.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/oH4e3jJNXac" height="1" width="1" alt=""/> Fri, 31 Mar 2017 10:35:03 -0400 http://money.cnn.com/2017/03/31/real_estate/buy-a-home/index.html?section=money_realestate 2017-03-31 10:35 -04:00 2017-03-31 07:35 -07:00 http://money.cnn.com/gallery/real_estate/2017/03/29/best-states-retire-2017/index.html?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/yshKml4C4d4/index.html The 10 best states for retirees It might be worth moving to a new place to find your dream retirement home. Check out these 10 states.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/yshKml4C4d4" height="1" width="1" alt=""/> Wed, 29 Mar 2017 00:01:29 -0400 http://money.cnn.com/gallery/real_estate/2017/03/29/best-states-retire-2017/index.html?section=money_realestate 2017-03-29 00:01 -04:00 2017-03-28 21:01 -07:00 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/tmQBiEFyXNk/ What will your monthly mortgage payment be? In the market for a new home? Or planning to refinance? Find out what your monthly payment will be.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/tmQBiEFyXNk" height="1" width="1" alt=""/> Mon, 02 Feb 2015 10:53:13 -0500 http://money.cnn.com/calculator/real_estate/mortgage-payment/?section=money_realestate 2015-02-02 10:53 -05:00 2015-02-02 08:53 -07:00 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate http://rss.cnn.com/~r/rss/money_realestate/~3/wK06F6O88wk/ Was my home a good investment? Calculate the return on your home and how it compares to returns on stocks, bonds and overall home prices.<img src="http://feeds.feedburner.com/~r/rss/money_realestate/~4/wK06F6O88wk" height="1" width="1" alt=""/> Tue, 05 Nov 2013 11:10:09 -0500 http://money.cnn.com/calculator/pf/home-rate-of-return/?section=money_realestate 2013-11-05 11:10 -05:00 2013-11-05 09:10 -07:00