The Close
MARCH 23, 2023
When I first became a real estate agent in 2010, I waltzed into the office with a swagger that would make Beyoncé blush. My local market was booming. New luxury high-rises were popping up like weeds, and open houses looked more like trendy nightclubs with lines of eager buyers spilling out onto the sidewalk. How could I not become a successful real estate agent in that market?
Marco Santarelli
MARCH 19, 2023
Recently, a report posted on the Social Science Research Network found that 186 banks in the United States are at risk of failure due to rising interest rates and a high proportion of uninsured deposits. The report titled ‘Monetary Tightening and US Bank Fragility in 2023: Mark-to-Market Losses and Uninsured Depositor Runs?' estimated the market value loss of individual banks' assets during the Federal Reserve's rate-increasing campaign.
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Easy Agent Pro
MARCH 23, 2023
Using technology and the internet is the name of the game when it comes to lead generation and improving conversion rates. With email campaigns, you can send consistent and relevant information to leads so that they keep you in mind as a knowledgeable and trustworthy agent for buying and selling properties. With proper execution, you can use email campaigns to grow and nurture your real estate business.
Maximum Exposure Real Estate
MARCH 19, 2023
What Does Contingency in Real Estate Mean Many buyers and sellers have asked what a contingency in real estate means. The definition of a contingency is an action or condition that needs to be met for a real estate contract to become legal and binding. The real estate contingency definition is something that all buyers, […] The post What Are Contingencies in Real Estate?
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
Marco Santarelli
MARCH 23, 2023
Promissory Note in Real Estate In real estate transactions, a promissory note is an essential document that helps formalize the terms of a loan between a borrower and a lender for the purchase of the property. The note outlines the specific amount of money that the borrower promises to pay back to the lender, including interest, over a set period of time.
Tom Ferry
MARCH 23, 2023
Want to be a better leader to your real estate team? It comes down to delegation. Last week, we continued the conversation about your No. 1 weekly objective in this market or any market: get two or more listing appointments. We already covered that the best way to maximize your time is to get some […] The post The Art of Delegation for Real Estate Team Leaders appeared first on Tom Ferry.
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
MARCH 21, 2023
Existing home sales had a huge beat of estimates on Tuesday. This wasn’t shocking for people who follow how I track housing data. To understand why we had such a beat in sales, you only need to go back to Nov. 9, when mortgage rates started to fall from 7.37% to 5.99%. During November, December and January, purchase application data trended positive, meaning we had many weeks of better-looking data.
Maximum Exposure Real Estate
MARCH 19, 2023
What Stays and Goes in a Home Sale Are you wondering what is considered a fixture in real estate sales and what isn’t? Working as a real estate agent for thirty-seven years, I’ve lost count of how many buyers and sellers have asked me what is considered a fixture. Occasionally in a home sale, some […] The post What Are Fixtures in Real Estate?
Real Estate News
MARCH 23, 2023
A new report found that most portals lost traffic and market share over the past year, but a few companies improved or firmed up their positions.
Keeping Current Matters
MARCH 20, 2023
Over the past year, home prices have been a widely debated topic.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
MARCH 23, 2023
If there’s one sector of the economy that benefits from the very low levels of total housing inventory , it’s the homebuilders , but for a reason you might not think. If national housing inventory were back to normal, we would have 2 to 2.5 million active listings, and these active listings would be direct competition for the builders. New homes are traditionally more expensive than existing homes, which don’t have all the bells and whistles.
Inman
MARCH 24, 2023
The team closed the priciest sale in Orange County last year with a $55 million property in Crystal Cove and was named the No. 1 large team nationwide in the 2023 Ellie Awards. Terms of the contract were not disclosed.
Real Estate News
MARCH 18, 2023
Wes Foster, known for his integrity and "larger than life presence," said he was most proud of growing Long & Foster from humble beginnings into a major player.
Keeping Current Matters
MARCH 24, 2023
If you’re on the fence about selling your house, it’s worth considering all the reasons why moving could make sense for you. If you find your home no longer meets your needs, it may be time to sell.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
MARCH 24, 2023
ChatGPT , the AI chatbot, has taken the world by storm over the past few months. It took Netflix 3.5 years to reach one million users, Facebook ten months and Spotify five months. ChatGPT got to the first million users in five days. In two months after that, ChatGPT reached 100 million active monthly users. But first things first. What is artificial intelligence (AI)?
Inman
MARCH 24, 2023
Getting featured in the press can be a game changer because, in addition to creating exposure, it also helps you become a recognized authority in your market. Marketing expert Jeremy Knauff provides a step-by-step strategy for connecting with members of the media.
Real Estate News
MARCH 20, 2023
Lane, previously brokerage president of Sotheby's Realty, steps into the role vacated by Ryan Gorman in December.
Keeping Current Matters
MARCH 21, 2023
Once you’ve made the decision to sell your house and have hired a real estate agent to help, they’ll ask how much access to your home you want to give potential buyers.
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Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.
Housing Wire
MARCH 24, 2023
When you google “ appraisal gap” — and I just did — a long list of search results appear. To my surprise, the top results did not link to economists expounding on the intricacies of home price fluctuations, the leading theories on avoiding overvaluation or pictures of stunt riders jumping over a canyon filled with printed PDF docs. (OK, throw that last one out.
Inman
MARCH 24, 2023
The search behemoth far and away led market share for search portals, drawing 44 percent of all real estate web traffic, but CoStar's Homes.com leaped by bounds last month, according to an analysis.
Real Estate News
MARCH 20, 2023
Realtor membership went up a stunning 60% over the past decade, but declines are coming. It's time to talk about how to support the agents who stick around.
Keeping Current Matters
MARCH 22, 2023
Are you having trouble finding a home that fits your needs and your budget?
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
MARCH 24, 2023
2022 was a roller coaster year, continuing the strong pandemic and post-pandemic fueled housing market through the first half of the year. Then, in the third quarter, we saw an abrupt stop to the record-breaking housing market. Despite market headwinds, the top brokerages continued to show growth in the 2023 RealTrends 500 brokerage rankings. While the top four companies stayed at the top, eXp Realty displaced HomeServices of America , who had a stronghold on the No. 1 spot in transaction sides
Inman
MARCH 23, 2023
Dating to the late 1700s, the estate known as Kirkwood Farm features five historic farmhouses, two barns and a springhouse.
Real Estate News
MARCH 22, 2023
The Federal Reserve increased its benchmark rate by a quarter point, which is likely to influence mortgage rates and slow homebuying activity this spring.
Marco Santarelli
MARCH 20, 2023
In this blog post, we will be reviewing the list of failed banks in the United States. It's never good news when we hear about a bank failure , and unfortunately, there have been quite a few in the United States over the years. From Washington Mutual and IndyMac in 2008 to Guaranty Bank and First NBC Bank in 2017, these failures can have a big impact on customers, employees, and the economy as a whole.
Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty
Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.
Housing Wire
MARCH 23, 2023
The Federal Housing Finance Agency (FHFA) announced proposed implementation timelines for the use of the FICO 10T and the VantageScore 4.0 credit score models by Fannie Mae and Freddie Mac. In concert, the government sponsored enterprises also plans to transition to two, rather than three, credit reports from the national consumer reporting agencies within a year.
Inman
MARCH 24, 2023
Never worry or wonder if you remembered to shut the garage door or lock the front door. With a system like Alarm.com, you can check in on a property remotely from anywhere in the world with an internet connection.
Real Estate News
MARCH 21, 2023
T3 Sixty’s assessment of who's leading in real estate tech includes 241 products from 78 companies.
Sotheby's International Real Estate
MARCH 24, 2023
Highlights from this week’s top news stories on luxury and global real estate, art, collectibles, and home. Dubai, United Arab Emirates | LUXHABITAT Sotheby’s International Realty The solar-powered villa includes 10 bedrooms, a movie theater, a music room, and a private gym. This $95 Million Dubai Mega-Mansion Comes With an Epic Two-Story Swimming Pool – Robb Report Houstonians Put Down Roots in Tanglewood and Stay for Generations – Mansion Global A Massive, Nearly Century-Old New England
Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.
In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.
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