8 Agent form the Octylic 3 Agents are Dedicated Listing Agents 4 Agents are Dedicated Buyers Agents 1 Agent is a Dedicated Admin
This is a mix of new to business and seasoned agents. So if you’re looking to get started in Real Estate or you’re a high producer that needs a group of agents to help or you’re an agent that just does a few deals a year but is great with admin work we are looking for you for our next Octylic Build.
This Octylic will feed a breath as one. Everyone gets paid on every deal. So 8 averages agents turn into a regular weekly check.
We help to guide the set up of the Octylic. The Octylic determines how everyone is getting paid. We help with training, teaching, coaching, and mentoring. Your Octylic works to build a massive pipeline.
Our suggestion but is not in any way what the Octylic has to do is
all commissions that, are paid to the Octylic we suggest a break down in 10ths
1/10 to each octylic member
2/10 into marketing and or fees for the Octylic
example 1 8 agent Octylic closes 2 houses this week Commission paid to Octylic is 5,000 for a buyer closing and 4,300 for a seller closing = total paid this week to the Octylic is 9,300. Under our example each Agent would get paid 930.00 this week and the Octylic would have $1,860 to spend on Marketing or business development.
Example 2 everything is the same as above and there is no marketing or business development budget out of every pay then we would suggest splitting in 8ths that would look like 1,162.50 to each agent.
With a Octylic of 8 Agents we find that closing 8 -15 deals a month is average for an Octylic are you up for the challenge to break the record.
Are you up to the Challenge of making $100k a year or more.
Then call us today to set up a time to meet.
We will give among many things to the Octylic but most of all a Wifi Based phone for everyone to work from home or the office and have there Octylic at their finger tips.
Stop working from your Cell phone and start Running this like a business with a Business phone.
Are you looking to hire a realtor to buy or sell a home? Don’t rely on your gut to choose a professional agent. Be truthful…How many of you hire an agent because there is a sign next door or you met someone at an open house? If you are buying or selling your home it is critical to your success to be asking the right questions to interview and hire a professional agent. Here are some questions you should be asking during the interview process.
1. “Is real estate your full time job? Do you have any other jobs that you do as well? Will you be available to show homes (buyer) or show my home (seller) at a moment’s notice?”
It is very important to stay on top of the market and community happenings. Are there any big changes coming that can affect the housing market like a large company leaving the state taking jobs with it? What towns offer a wide array of activities and things to do that might attract buyers and command higher real estate prices?
Know Your Market!
In a hot market you will want to make sure you can preview homes quickly and not get out-bid by another buyer.
Availability and communication skills are very important. Your agent should be able to accommodate your needs and manage a full book of business. Will you be working with the agent you hire or an assistant? This might be important to you.
2. “How long have you been in residential real estate sales?”
Today there is continuing extensive training for realtors however there is no training like experience! Make sure your agent has been around the block and can handle objections/problems that come up with solutions on the spot the make your transaction a smooth one.
Becoming an agent is a relatively easy task – school, an exam, training and you have a license to sell! In 2014 NAR reported 87% of all new agents fail after five years in the industry and only 13% make it. Agents don’t leave the industry because they made too much money, no, they leave the industry because they didn’t make any. There are about 4% of agents that are top producers and remain in the business for long time.
3. “What other businesses experience, sales training and negotiation skills do you have? How do you stay current with new technology and real estate laws/contracts?”
The skills needed as a professional realtor require a sales, marketing, and recruiting. Having a business background and some computer experience is extremely important. If an agent has had prior sales experience, has a business plan, and knowledge of how to manage a book of business they should be successful.
Continuing Education is required for agents every two years but they should also be looking at other courses to enhance their sales and marketing skills such as: IT Solutions Sales, Dale Carnegie Sales Training, Mike Ferry Real Estate Sales, Brian Buffini Sales, and more. Don’t be afraid to ask for a resume or check out business profiles and educational backgrounds on LinkedIn.
4. SOCIAL MEDIA MARKETING: “How will you market my home to reach the most buyers and get the highest price? What is your level of technical skills and how familiar are you with social media marketing?”
“Do you have your own personal website/blog that can drive traffic to my property for sale?” Many agents are offered a “page on a company website. This is not having your own website! 93 % of online experiences begin with a search and 62% of users click a link on the first page. 207 million Americans use search engines to find homes so make sure the company and agent you choose will market your property effectively. Berkshire Hathaway Home Services is a global company and can showcase the complete U.S. property database in 10 languages.
Your agent should have a clear understanding of Search Engine Optimization (SEO) in real estate marketing to ensure that your property will be exposed to the masses on the internet. You want your home to appear on the 1 page of Google when a buyer uses keywords to find a home. Social media such as Facebook, Pinterest, Google+, Youtube, LinkedIn and Twitter will drive traffic to your property. Very few real estate agents use these tools effectively or have the contacts to make a difference.
You want to hire a Realtor that has a strong understanding of both online and social media marketing. More than 90% of all buyers find their home online. The Realtor you choose should be marketing your home EVERYWHERE!
5. “I understand realtors are independent contractors and work with brokers, do you receive any salary or is it straight commission? What will it cost me if your represent me to buy or sell a home?”
Many people think that realtors have a salary but this is not true. They get paid on commission basis when the sale has closed. Make sure you understand what they are offering for marketing your home.
6. “I am selling but also buying. What will I have to pay to hire you to represent me in my purchase? What is all this talk about dual agency? Will you at any time represent the seller and the buyer?”
Working with an agent to purchase a home costs you nothing. Have your agent explain buyer representation clearly to you. Review the buyer broker form with them and be clear what you are signing and why. Read more about understanding representation here.
7. “All companies and agencies seem to boast about being #1, what kind of market share does your company have? What makes your current brokerage firm stand out from the rest?”
The agent should be able to articulate unique offerings of their brokerage firm. It is important to the sale of your property to out from the competition! A good company and realtor should be able to have maximum exposure with creative marketing to sell homes faster and get their clients more money for the sale of their property.
8. “Communication skills are very important. How will you provide feedback on showings to me and provide market updates as they occur?”
The company you hire should have software to capture feedback from agents and buyers showing your home. Your agent should also be calling the other agent to get feedback as well to pass this information along to you.
9. “Do you or your company have sufficient office staff to help with paperwork and incoming calls?”
Make sure there is staff on hand to handle the routine paperwork needed to complete the transaction. Some of the smaller companies might not have anyone answering phones and responding to showing requests. There have been many times I called to make appointments to show homes there is no one available to confirm a showing. Very rarely does a client go back at a later date to preview that home.
10. “Everyone is interested in the type of market we are in. Is it a buyer’s market or a seller’s market? How will this affect me when I buy or sell? How will I know what my property is worth?”
Depending on how long your home is for sale the market could fluctuate. Your agent should always be watching the market and make price adjustments as needed keeping you informed along the way.
11. “Can you provide me with 5 recent references?”
It is very important to read realtor reviews and testimonials.
12. “What does your listing contract look like and if I am not satisfied with the service can we terminate the contract? What is the difference between withdrawing a property from the market and a cancelled listing?”
When you list and withdraw your home from the market it means you are still under contract with the broker who listed it for the duration of the contract. If you decided to put it back on the market you are obligated to use that firm until the expiration date on the contract. A cancelled listing agreement releases you from any obligation to that firm.
13. “Some agencies charge between 5-7% to market their homes. What will you charge and what will be provided for the fee? Make sure you get an accurate Comparative Market Analysis done to price your home accurately.”
14. “Do you have experience handling multiple offers?”
Handling multiple offers can be tricky and if not handled properly you can lose a potential buyer. In Connecticut all offers whether verbal or written must be presented to the seller. It is a violation of the code of ethics to withhold any offers whether verbal or written. As a sellers agent it is your fiduciary responsibility to get your seller client the best terms and conditions.
15. “Do you have good negotiating skills and sales experience? Tell me of a time that you worked out a difficult deal to the benefit of your client?”
There are so many things that can go wrong when negotiating price, home inspection issues, and contingencies. The most important thing and agent should know is the current market conditions. Are we in a buyer’s market or seller’s market? Are the homes selling quickly in multiple offers? What is the urgency to buy or sell? A good agent should have several negotiation strategies in mind to get you the best results.
16. HOME STAGING: “We hear so much about how important it is to stage your home. Tell me about your experience where staging a home has increased the sale price of the home. Will you be advising me of things I need to do to sell fast for maximum price?”
I had a listing that was in dire need of a makeover to get the highest price. I had 8 professional realtors provide me a market price on the home “as is”. I convinced the homeowner to invest in fresh paint throughout, remove all rugs and old furniture, put in some landscaping for curb appeal, pack up belongings and bring in few nice pieces to stage the home. They put in some sweat equity and $1500. The result was a quick sale and a gain of $50,000 over what the 8 professional agent said they could get for the house!
17. “How long can I expect my home to be on the market before an offer is accepted? Is there an average ratio between list price and selling price?”
Make sure your realtor does a thorough and accurate market analysis. It will clearly show how to price your home for a quick sale and how many days a home took to sell. Don’t be fooled by agents who will inflate the price of your home to get a listing. This is called “buying a listing” only to lower the price later. This will hurt you in the long run.
If you overprice your home it will sit there longer. Most buyers that are serious are signed up with an agent and are waiting for new home come on the market. They are ready willing and qualified. If you price your home at fair market value you should be able to sell it in 2+weeks.
18. PHOTOGRAPHY & VIDEOS: “How will you highlight my homes features and benefits? Do you have a good camera and professional photography skills?”
I have seen so many bad pictures taken by agents and this hurts the sale of the property. It really hurts the seller when it is summertime and there are pictures with snow in it! What does that say to a potential buyer? This house is sitting on the market for a long time and no one wants it! Potential buyers will pass right over the home and move on to the next. Even if the home is in terrible condition a good photographer can highlight the features and benefits enough that a buyer will preview the home in person. If a buyer doesn’t see the house in person there will be no sale!
Here is an example of 2 photos of the same house. The first shows basically a driveway on a dreary day. It looks neglected and uninviting. The home did not sell because there were few, if any, showings. The second photo is the same house with taken at a different angle on a sunny day. It it have several showing and sold in 2 days with multiple offers!
Video and virtual tours are huge now. As you probably know, there is a big shift in video across social media. Make sure the company AND your agent has their own YouTube Channel. Your home should be on Instagram, Facebook, Google Plus, Pinterest, YouTube, Twitter. Either an agent avoids this marketing completely or they are crushing it!
19. “When an offer comes in how will I know if they are qualified and if the offer is strong? Your agent should request a pre-approval letter from the buyer not a pre-qual letter.”
20. “Once the home is under contract will you keep me informed of all the necessary steps and important contingency dates? Are you readily available via cell phone?”
As agents, we should never assume our clients know how important dates are in contracts and should be acting as the project manager keeping everyone on task including, the mortgage loan officer, attorney, and home inspector. Agents should be available via cell phone, text messaging, and email and return calls in a timely manner.
21. “Will you be attending all the inspections on my home and negotiate on my behalf? Will you be attending the closing?”
A buyer’s agent should attend the home inspection and listen closely to everything the inspector has to say. The agent will need to be aware of everything to best negotiate any issues/repairs that arise and be a true advocate for their client. Attending the closing is also important in case there are issues or paperwork needed at the last minute.
DAILY REAL ESTATE NEWS | WEDNESDAY, JULY 12, 2017 Real estate professionals see a lot of dumb reasons why home buyers ultimately end up losing out on a deal. Practitioners recently shared some of the more common mistakes with realtor.com®, including ways to correct the situation:
1. Shopping outside their price range.
“It sounds obvious, but some home buyers just have trouble sticking to a budget,” says Benny Kang, a real estate professional in Irvine, Calif. Shopping online may increase the temptation to bump up the price range. One way to avoid this situation is to encourage your buyers to get preapproved for a loan so they know what they can truly afford and stay within their limits.
2. Submitting lowball offers in a hot market.
“If you’re in a seller’s market, making a crazy lowball offer can piss off the seller,” says Kang. Buyers would be smart to offer full price when homes are priced well. Help buyers understand how a comparative market analysis can offer insight into pricing.
3. Making a big purchase while in escrow.
Buyers often don’t realize they will need to delay big purchases and opening new credit lines while in the process of buying a home. “Even buying a fridge can throw off your credit or debt-to-income ratio,” says Kathy Conway, a Philadelphia real estate professional. If a big purchase is made, the mortgage lender’s underwriter will need to re-evaluate the buyer’s finances and recheck her credit report before closing to ensure the buyer still qualifies for the mortgage, so be sure to warn buyers when they’re approaching this period.
Download this worksheet that will help your clients calculate closing costs and customize it with your branding. 4. Forgetting to budget closing costs.
Buyers don’t just need money for the down payment. There are a lot of extra fees at settlement, too. Buyers can receive an estimate from their mortgage lender of what the closing costs will be before even making an offer on a property. Make sure they review that information carefully. Closing costs can vary drastically but typically cost 2 to 7 percent of the home’s purchase price.
Source: “8 Dumb Reasons People Can’t Buy a Home,” realtor.com® (July 11, 2017)
When it comes to family, it often can be challenging to find activities that everyone can enjoy together. Age differences, different interests, busy schedules, and a host of distractions (mostly electronic) can sabotage the precious time that family members spend together.
But it’s well worth the effort to create those moments. Countless studies show that children benefit the most from shared family time—they are usually happier and healthier, for example—but the overall family dynamic benefits as well, as there’s better communication, more openness and trust, and stronger family bonds.
One of the easiest ways to carve out family activities, especially during summertime, is to have a family movie night! Here’s all you have to do to pack the (home) theater:
Make it a weekly or monthly event. This will ensure that you’re being entertained together on a regular basis. Plus, family members, starting with the kids, can alternate making the movie choice. This will provide a sense of ownership and inclusion for everyone.
Go all out. You can’t go to the movies without tickets, right? Make your own tickets and movie sign ahead of time to give the event an added air of importance.
Don’t forget to download these printable movie tickets and showtime sign to recreate a real movie theater experience! Do research. Making your movie night a production also allows you to know which movie is being chosen ahead of time. Take advantage of this to look up the movie to guarantee that it’s appropriate for all family members.
Eat up! Sure, you can pop some popcorn or make some pizza for your movie. But you can also make the homemade treats that follow to make movie night even more memorable!
Poll: What’s your favorite movie snack? Junior Mints® M&Ms® Milk Duds® Raisinets® Sno-Caps® Swedish Fish® Twizzlers® Whoppers® Popcorn Submit My Vote Talk about it. After the credits roll, make sure everybody sticks around to talk about the movie—the good, the bad, and everyone’s favorite parts. It’s a built-in opportunity for family interaction, but it can also be a teaching moment if kids are confused by or upset about any scenes they saw. Plus, it’s a chance to start planning the next family movie night!
Host your own family movie night, and snap a photo of the fun to share on social media with the hashtag #ALMcreate.
You could always use more family-night activities and treat ideas!
Food of the Red, White, and Blue PATRIOTIC PARTY IDEAS Food of the Red, White, and Blue These are the most patriotic bites around! From firecracker franks to an American flag pie, your guests will be bursting with patriotic pride.
Patriotic Pretzel Rods Sweet, salty, and crunchy in every bite, these chocolate-dipped pretzels will be the stars of your party table.
Ingredients Red, white, and blue candy melts Pretzel rods White sprinkles
Print Recipe Melt the candy melts in the microwave according to package directions, each in its own separate bowl. Dip two-thirds of the pretzel rod in the white chocolate. Lay out on parchment paper or cooling rack with wax paper underneath until hardened. Dip the top third of the white section in the blue chocolate. While it is still wet, sprinkle with the white sprinkles. Allow to dry. Pour melted red candy into a plastic baggie. Cut the corner of the baggie, and drizzle over the white section. Place on wax paper, and allow to harden.
Firecracker Dogs No summer picnic is complete without hot dogs. Take your franks up a notch by adding some biscuit dough to turn them into sizzling firecrackers!
Ingredients 16 hot dogs 1 can refrigerated breadstick dough 16 thick slices Colby cheese (cut to about ¼ to ⅜-inch thick)
Print Recipe Preheat the oven to 350°F. Stick a skewer all the way through each of your hot dogs, leaving about an inch and a half exposed out of the top of each hot dog. Take a piece of breadstick dough, and carefully wrap it around a hot dog until you get to the top; repeat with the other hot dogs. Place the wrapped dogs on a Silpat® (nonstick baking liner) or parchment paper, and bake according to the package directions for the breadstick dough, about 20 minutes. Using a small star cookie cutter, cut out your stars out of the cheese. (Note: how large or small your cookie cutter is will determine how many stars you get out of each slice of cheese). After your hot dogs have cooled for 2–3 minutes, stick the skewer through the star at the top.
Red, White, and Blue Ice Cream Sodas I scream, you scream, we all scream for red, white, and blue ice cream sodas! This is the perfect way to cool off at a hot summer picnic.
Ingredients 3–4 ice cubes 2 tablespoons Torani™ syrup, strawberry Club soda 3 tablespoons half-and-half 2 tablespoons Torani™ syrup, blue raspberry Whipped cream and a cherry for the top
Print Recipe Add a few ice cubes to the glass. Pour in red syrup, and then measure in about ½ cup of club soda. Add in half-and-half, followed by the blue syrup. Top with whipped cream and a cherry.
American Flag Pie There’s almost nothing as American as pie, especially this berry pie that looks just like Old Glory!
Ingredients Refrigerated piecrust 1 can cherry pie filling 1 can blueberry pie filling Egg whites, optional
Print Recipe Preheat the oven to 425°F. Take one half of your piecrust, roll it out, and lay it in a pie pan. Make a dam/divider by tearing off a piece of aluminum foil and folding it over several times until it’s about 2 inches high. Then fold the foil in half, creating a sharp crease in the middle. Before you lay it in the pie plate, trim the ends to fit. Open your foil dam/divider to a 90-degree angle, and place it in your pie plate. Carefully spoon the cherry filling against the foil divider, and the same for the blueberry. Use the entire can of cherry filling to fill up the cherry side of the pie, then finish filling the blueberry side to match. Once full, carefully lift up the foil divider to reveal a sharp boundary of cherry and blueberry. Trim any excess piecrust to slightly outside the outer edge of the pie plate, then roll out the remainder of the piecrust. With a pizza cutter or knife, cut 6 strips of crust approximately 1-inch wide, and long enough to touch the sides of the pie pan. Lay one pastry strip at the bottom of the blue filling to create a clean line. For the stripes adjacent to the blueberry filling, carefully cut one edge at a perfect right angle to place at the dividing edge of the red and blue pie filling, and lay across the cherry pie filling. Trim and press the edges of the strip laying on the piecrust rim into the crust. Continue until all 6 strips have been positioned. Using a star cookie cutter, cut your stars out of the pastry. Lay stars all over the blueberry section of the pie. Fold the piecrust rim inwards, and crimp with your fingertips. Bake for 35 minutes, or until crust is light golden brown. For a browner crust, brush the pastry with egg whites before baking. Use these recipe ideas to throw your own patriotic summer bash, and share the photos from your celebration on social media using the hashtag #ALMbites.
Get your fill of red, white, and blue with even more patriotic eats!
The Heat Is On: 5 Sizzling Reasons to Buy a Home During Housing’s Hottest Season By Rena Behar | Jun 15, 2017 home-heat-wave3 flammulate/iStock; stevanovicigor/iStock The days are getting longer. Ice cream truck jingles echo up and down the block. But the surest sign that summer is here? It just might be those “For Sale” signs popping up like dandelions in your neighborhood.
Yep, we’re smack dab in the middle of the most popular time of the year to buy and sell a home. If you’re thinking of starting your home search, your first instinct as a savvy shopper might be to stay away and wait for the weather—and the market—to cool down. Why battle the crowds and bidding wars if you’re in no rush to move?
–– ADVERTISEMENT ––
But there’s no reason to sweat the idea of buying in the summer. In fact, there are some distinct advantages to making your way into the marketplace during housing’s hottest season—as long as you can stand the heat of a little competition.
9 Home-Buying Myths You Need to Stop Believing Immediately Fighting Multiple Offers on a House? Here’s How to Win 3 Crucial Reasons You Should Buy a Home Before 2017 Ends 1. Prices aren’t necessarily higher
“A huge myth about the real estate market is that homes sell for more in the summer and less in the winter. This is simply not true,” says Dippy Chhina of Dippy Real Estate.
Let’s be clear: Home prices do usually peak in June–August. And it’s a seller’s market in most areas. But other forces beyond the summer sun play a major role in a home’s asking price, Chhina notes. They include the number of similar homes also for sale in a given area, interest rates, and the job market.
“What is true, however, is that there are more homes on the market in summer than in the winter, and there is also a higher number of sales in the summer than the winter,” Chhina says.
Find homes for sale on Which leads us to our next summer-buying advantage.
2. Inventory is broader
You wouldn’t buy a car from a dealer with only two models for sale, so why limit your options when it comes to picking a house? The open-plan kitchen you’ve been yearning for or a home in a stellar school district is much more likely to pop up in a busier marketplace.
“The large inventory offers significantly more opportunities for purchasers to identify specific floor plans, amenities, and locations,” says Sarah Lilly of Five Star Lakeshore Real Estate. Buyers “feel more confident in their search because additional properties hit the market every week.”
In some less competitive markets, knowing that there are plenty of homes for sale can give you more leverage for price negotiation, and peace of mind knowing that if you have to walk to away, another home will be just around the corner.
3. Buying and selling at the same time could be easier
If you need to sell your current home before you can buy another, you’ll likely have an easier time with the balancing act during the summer. Rather than getting trapped with two mortgages, you could have a more seamless transition in a busier market.
“If the client needs to sell a home before buying, the home will be more likely to sell, and potentially at a good price, allowing the client to purchase their new home sooner,” says Joe Lopez of Connect Realty.
But remember, these transactions take time, so if you’re planning on pulling off a double act, get ready as soon as possible so you can capture as much of that golden season as you can.
4. School’s out for summer
Any beleaguered parent can tell you why this factor is crucial. By waiting until summer to make your move, you can minimize disruption to your kids’ lives. Plus, their schedule is clear to bring them along to showings. (Beware, though, not all agents appreciate young kids underfoot.)
“House hunting during the summer break from school means that kids can more readily attend showings— important when offer time is of the essence and parents want each member to approve of the new family home,” says Orlando Regional Realtor Association President Bruce Elliott, of Regal R.E. Professionals.
And if the sellers have kids, they might also be trying to cement a sale in time for the new school year—and will likely be more motivated toward the end of the season.
“Sellers who find their properties still on the market as summer draws to a close and the ranks of buyers thin out may be more open to price negotiation,” Elliott says. “In addition, those buyers who were unable to secure a home after months of looking and making offers may become fatigued and drop out of the hunt.”
5. You’ll get to know the lay of the land
It’s easier to do a little detective work on your potential home when the weather’s nice and the days are longer. Trees and flowers are in full bloom, so you’ll get a better idea of your prospective new yard. You can step out on that back porch and envision what it will really, truly be like to live there and host your long-anticipated Margarita Mondays. Plus, everyone’s more active, so you’ll get a better feel for the community.
“Summer brings people out of their homes, so while you are home shopping with your agent, you will get the chance to take the pulse of the neighborhood and see your potential neighbors,” says Kyle Springer of South Central Homes.
“Families can often get a feel for the neighborhood’s kid population during the day in the summer,” Elliott says. “Here in Orlando, where daytime temperatures reach the high 90s and so many homes have pools, buyers listen for sounds of shouting and splashing.”
But beware! Sometimes the romance of summer can distract you from some red flags.
“It is fine to stop and smell the roses, but also pay attention to what lurks behind them,” says Jerry Grodesky of Farm and Lake Houses Real Estate.
For example: the eyesore of a junk pile in your neighbor’s yard. Or the giant cellphone tower you didn’t see through those beautifully full trees—that now you can’t unsee. And make sure that foliage isn’t blocking any potential problems with the home, such as foundation issues or peeling roof tiles.
You should also use this opportunity to test how the property holds up in warm weather. See how well the air conditioning works when it’s pushing 100 degrees outside, and open all the windows to see if any stick or simply won’t open. Of course, your home inspector will check these things, but it never hurts to get a jump-start. Rena Behar is a writer and editor living in Brooklyn. She’s contributed to The Wirecutter, Groupon, Texas Monthly, and other publications. Follow @renadb
DAILY REAL ESTATE NEWS | THURSDAY, JUNE 22, 2017 The three largest credit-reporting agencies will begin cleaning up credit reports in July, which could help lift the credit scores of about 12 million consumers.
In a survey by the Federal Trade Commission, one in four people say they spot errors in their credit reports, most commonly concerning tax liens and civil judgments. Up to half of tax lien data on a credit report is inaccurate or incomplete, says Eric J. Ellman, senior vice president for public policy and legal affairs at the Consumer Data Industry Association. Civil judgments—which means a court has ruled a person owes money—also tend to be ripe with errors or omissions on a credit report, experts say. Consumers can dispute the errors, but the process can be cumbersome.
Beginning July 1, Equifax, Experian, and TransUnion will automatically exclude tax lien and civil judgment records from credit reports if they are missing a person’s name, address, Social Security number, or date of birth. Claims that do contain this key information, however, will remain on credit reports.
Six percent of Americans with a credit score—or 12 million— likely will see their score go up once the new policy takes effect. About 11 million could see an increase of about 20 points. “A lot of people who have liens or judgments against them already have crummy credit to begin with,” says Keith Gumbinger, vice president at HSH.com, a mortgage resource website. “A 10- or 20-point increase isn’t going to make a difference for a lot of borrowers.”
But borrowers who are on the cusp of qualifying for a home loan may stand to benefit the most. For example, Gumbinger says, a would-be buyer with a credit score of 570 who receives a 10-point uptick may be able to qualify for an FHA loan. FHA loans require a minimum 580 credit score.
Source: “Have a Bad Credit Score? It Could Soon Get Better – But Is it Enough to Buy a Home?” realtor.com® (June 22, 2017)
DAILY REAL ESTATE NEWS | TUESDAY, JUNE 20, 2017 The paint on the wall may soon be a source of energy for a home. Researchers at RMIT University in Melbourne, Australia, say “solar paint” will be available to homeowners in the next few years.
It’s a sunlight-absorbing paint developed by RMIT researchers that produces hydrogen fuel from solar energy and moist air. Even a brick wall could potentially be turned into an energy-harvesting form of real estate, says lead researcher Torben Daeneke.
“Our new development has a big range of advantages,” Daeneke told Science Daily. “There’s no need for clean or filtered water to feed the system. Any place that has water vapor in the air—even remote areas far from water—can produce fuel. … This system can also be used in very dry but hot climates near oceans. The sea water is evaporated by the hot sunlight, and the vapor can then be absorbed to produce fuel. This is an extraordinary concept, making fuel from the sun and water vapor in the air.”
Source: “Solar Paint Offers Endless Energy From Water Vapor,” Science Daily (June 14, 2017)
DAILY REAL ESTATE NEWS | MONDAY, JUNE 19, 2017 Investors are scouring real estate markets looking for low-priced homes, and they’re increasingly stepping on the toes of first-time home buyers, who are hunting in the same price range. “The investor is starting to gobble up pretty much anything under $200,000,” Dennis Cisterna, chief revenue officer for Investability Real Estate, which markets rental homes, told The Dallas Morning News. “We are not adding any new supply to the market to serve that first-time home buyer.”
Housing inventories are at the lowest level in 30 years, and the shortages are most pronounced in the low and middle price ranges. “We are losing inventory at a record pace and in the segment of the market with the most demand,” says Javier Vivas, a realtor.com® analyst.
Investors comprised 33 percent of all single-family and condo sales in 2016, the highest percentage ever recorded by real estate data firm ATTOM Data Solutions. “This is setting the stage for a boom in single-family rentals,” says Daren Blomquist, an economist at ATTOM.
But while institutional investors dominated the rental housing market after the housing crash, they’re increasingly being priced out of markets such as Denver and Dallas. Smaller mom-and-pop investors are now stepping in to take their place. “The investors are competing for those starter homes,” Blomquist says, adding that 61 percent of investor purchases are for homes between 1,000 and 2,000 square feet.
Investors also tend to pay cash, which is making it difficult for first-time buyers who need financing to compete. About 19 million single-family homes in the U.S. are now owned by investors, according to ATTOM Data Solutions.
Source: “First-Time Buyers Hunting Affordable Housing are up Against Property Investors … and Losing,” The Dallas Morning News (June 16, 2017)
So it’s no wonder that agents must often confront a frustrating objection from prospective clients: “But my friend is a Realtor.”
The obligation that many buyers and sellers feel to hire their friends as agents has resulted in lost business for many qualified professionals. But if you choose your words carefully, you may be able to persuade prospects to consider hiring you instead of a friend — here are seven responses mined from a conversation in the Facebook group Lab Coat Agents.
This provides some prospects with a way to hire a stranger instead of a friend without feeling guilty. Pairing the offer with a warning of the risks that can come with using a friend as an agent may further strengthen the proposal.
“How about we pay your friend a referral fee, and you get to keep your friend and also gain a great Realtor?” broker-associate Heather Edwards asks prospects who bring up their Realtor friends.
Recommend the friend
Another approach is for agents to encourage prospects to hire their friend.
Heidi Powell takes this tack — so long as she knows the friend is a capable agent. “I’m sure she will be happy to hear from you! Please tell her I said, ‘Hello!,” she tells prospects.
Powell then calls the agent to inform the agent of her talk with the prospect.
“Pays dividends every time!” Powell said. “Because that is what I would want someone to say to my friend.”
‘But can your friend do this?‘
Then perform a silly trick. Broker Benjamin Floyd follows the question by using his nimble fingers to create the illusion that he’s detaching and then reattaching his thumb.
Another humorous response: “Now, you have two,” Realtor Lissa de Armas’ tells prospects.
Firing back “Fantastic, so do I!” is also an option. Broker Ankeney-Binkley quickly follows the one-liner with: “So, you are looking to buy? Sell?”
Showing a sense of humor right off the bat might lead a prospect to spend a little more time hearing you out.
Are you sure you want to mix business with friendship?
Many agents point out that using a friend as an agent can potentially jeopardize the friendship if things go south.
“Is it worth losing your friendship if a deal gets difficult? There are always bumps in the road and it’s difficult to have an unbiased view if you have a previous relationship,” broker Michael Curtis says to prospects.
Broker Lauren Stratton notes that agents working with friends may not be able to “stand back from the situation and look at it as a professional and not personally.”
Want your friend to know all about your finances?
Consumers may not immediately grasp that they’ll have to pull back the curtain on their finances to their agent. Bringing this to light may cause some consumers to rethink hiring a friend.
“So, are you prepared to share a fair amount of personal and financial information with your friend, that will definitely be exposed during the transaction?” asks agent Renee Kidwell-Drumm.
Great! Want a second opinion?
Reminding prospects that getting a second opinion can probably only help is a way for agents to throw their hat into the ring.
After acknowledging that she also has friends who are agents, Realtor Veronica Saucedo then asks sellers if they’d be willing to spend the 15 to 20 minutes that it takes for her to explain her listing strategy.
“Great, meet with your friend and meet with me after,” Realtor Suneet Agarwal tells prospects.
Ask about the friend’s credentials
If an agent has a competitive resume, she might want to ask prospects about their friend’s credentials.
END OF THEME HEADER ~~ Top Bar + Menu + Title Below Title Layout Sidebar
Ready for Ice and Snow?
As we begin another potentially harsh winter, the time to understand how you can protect your home and property from the damage and danger of ice is NOW!
At Viewpoint Inspection, we want to help you steer clear of the hazards of winter. Our ice removal guide below can help you prepare in advance and avoid fighting store crowds to purchase ice removal supplies when the first storm is in the forecast.
Your Roof & Ice Dams – The Three W’s
What is an Ice Dam?
An “ice dam” is a ridge made of ice and snow on your roof. It forms when snow and ice melt, refreeze collect and, if the dam is large enough, can cause water to back up under the shingles and create a leak.
Where Do Ice Dams Form?
Develop on your roof after heavy snowfall when daytime temperatures are at, or slightly above, freezing, and night time temperatures are below freezing.
Form over unheated areas, such as eaves, porches, and attached garages, as well as above party walls and below skylights.
Commonly found on roofs with low slopes or roofs that change from a steep slope down to a low slope.
Ways to Prevent Ice Dams
The best way to prevent an ice dam is to keep the attic, and therefore the roof surface, cold enough to prevent snow from melting. There are three major preventative measures to consider:
Add attic insulation
Seal air leaks in the attic (i.e. attic access hatches and ceiling light fixtures)
Improve attic ventilation
To Salt, or Not to Salt?
Ensuring your driveway and walkway are clear of ice and snow is imperative not only for your safety, but for the safety of others. Here are four natural de-icing methods you can use:
The most common treatment used to eliminate ice
Cheap, effective, and easy to obtain
Corrosive, so it can damage human skin, pets’ paws, and its runoff can affect nearby plants and vegetation. It can also damage concrete and masonry
The second most common de-icer
A liquid, making it easy to apply to pathways, and more convenient to clean up, but can cause more damage to surrounding plants
Less convenient to purchase
A natural fertilizer, like urea, but it contains less nitrogen so it’s a bit less damaging
Provides traction for walking and driving due to its dry and grainy nature
Difficult to purchase
Sugar Beet Juice
Increasing in popularity as a method for de-icing
Lowers the freezing point of water and helps with de-icing
Colorless, odorless, and harmless
More expensive than its salty counterpart, and less convenient to purchase
As a professional inspection company, Viewpoint Inspection wants our friends to enjoy a safe, ice-free winter. From buyer and seller inspections to termite inspections and radon measurements, Viewpoint Inspection can assist you in all areas of property ownership.
We have a Huge announcement to make to every one looking to sell or buy a home.
In the coming days we will be rolling out some really great tools for our clients.
You have all see our flyer below image that most Real Estate Agents don’t even come close to doing all we do and now we are adding even more.
Yes more to get your listing sold faster. How much more you ask? A tone we will be releasing all the new feature of we we are adding since merging with BrokerRealty.com.
They have brought a tone of new services to our Buyers and Seller’s.
They work in Pennsylvania, Maryland, New York to just mention a few. But there adding in this like a website for your home just your home. But wait there is a tone more we will be rolling out over the next few weeks.
If you want to get your home listed and sold there is no time like now.