References to articles, sources, products, or services are not a specific endorsement and not guaranteed to be true or accurate, but the user must perform their due diligence and investigate whether the information provided is valid, or the product or service is right for them. I welcome any or all comments that would help others……Be careful – if it sounds too good, it probably is!
Post #1: In 2016, the National Association of Home Builders said about $85,000 of the cost of a new home was attributed to regulations – but guess what, regulations may be there to keep builder honest yet only by minimum standards – i.e, building codes!
Post #2: Best Tech Tools for Real Estate Agents.
- Real Estate Touring and Staging Options
- Real Estate Video Solutions
- Real Estate Live Videos
- Time Management Resources
- Real Estate Marketing Material Creation
- Document Services
- Real Estate Keyword Planners
- Real Estate Education
Post #3: 14 Tips For Choosing The Right Real Estate Agent For Your Property Search Or Sale.
Post #1: Move Over Millennials, Gen Z is Already Buying Homes .
Post #2: How to Calculate Real Estate Appreciation .
Post #3: Artificial intelligence is the latest competition for real estate agents.
Post #1: Experts share advice for first-time homebuyers ….misconception that homebuyers need a large down payment…importance of shopping around for different mortgage lenders…avoid making any big purchases right before buying a home
Post #2: Home Ownership Versus Renting: How Tax Reform Adds To The Decision .
Post #3: Black Stainless Steel: Is It The Next Big Thing? .
Post #1: A booming housing market has realtors in a bind.
Post #2: Real Estate: What Do Homebuilders Know That Their Shareholders Don’t? The National Association of Home Builders (NAHB) released its Housing Market Index (HMI) for the month of March last Thursday. The data, though deteriorated ever so slightly, still showed very elevated builder confidence in the housing market.
Post #3: A new housing crisis emerging?. Home construction is approaching its lowest level in decades as fears emerge that a new, different industry crunch could be emerging.
Post #1: 19 blogs that real estate brokers should bookmark.
Post #2: All Things Real Estate: Old scam makes comeback. General scam: I was contacted by a real estate guy who said if I was having trouble he could buy my house from me for a percentage of the equity and let me live there and pay rent. Then, when I was either making more money or could get a better mortgage I could buy it back.
Post #3: Mississippi Lawmakers Seek to Widen Property Tax Break .Senate Bill 2479 would allow local governments to cut local and school property taxes by two-thirds on economic development projects worth $60 million or more. Right now, the project must be worth $100 million or more to qualify.
Post #1: What to Do if Your Home Doesn’t Sell.
- Does it Make the Best First Impression?
- Does it Appeal to The Target Market?
- Can Buyers Visualize Living in This Home?
- Are Key Features Highlighted?
Post #2: Did you know it can take cyber criminals one day to decipher an eight-character password? Did you know it can take them 591 days to figure out a 10-character one?. Did you know it can take cyber criminals one day to decipher an eight-character password? Did you know it can take them 591 days to figure out a 10-character one? Bogus DocuSign emails, emails with illegitimate referrals and ransomware are also on the rise. Aside from making off with money, criminals can filch personally identifiable information, or PII, through any or a combination of schemes.
Post #3: Ask Nancy about Real Estate: Is it advisable to have a general home inspection done before I put my home on the market? Hint: it all depends on whether you want to find out problems before listing the house or after you’ve priced it out and negotiated your position.
Post#1: Wall Street Journal, 3-9-2018, M4 “For home buyers, secrecy = privacy” – limited liability companies are normally formed when Real properties are purchased to hide the identity of the owner. In addition to protecting an owner’s identity, prevents some scams, and frivolous lawsuits, but also hides the owners so you don’t know if known criminals are involved.
Post #2: Real Estate Agents: Not Using Social Media Yet? You Should Be!…Example: 68% of U.S. adults use Facebook, with 74% of those users logging in at least once per day…but maybe not to your Facebook page?
Post #3: Foreign Buyers Increasingly Interested in U.S.-Based Real Estate between April 2016 and March 2017, Chinese buyers spent $31.7 billion in residential real estate…but China’s appetite recently dropped…as other foreign buyers have stepped up their game.
Post #1: This startup just raised $5 million to automate the clunky real estate appraisal process . the company is using natural language generation to help its appraiser clients produce reports. “Instead of writing the same paragraphs time and again, you click and check boxes to explain why a property is better than a comp.
Post #2: The Millennial Mindset: Is Your Real Estate Practice Prepared for It?
- Millennial Property Purchases = Perfectionism
- Millennial Choices: City or Suburb?
- Millennials Won’t Start with a Starter
- Millennial Demands: Are You Prepared for the Future?
- Next-Generation Clients Expect Next-Generation Tools
Post #3: The Law Q&A | Written-off debt may still cost you come tax time. Thus, if your mortgage lender writes off part of your mortgage debt for the house you live in which is qualified principal real estate, that is not taxable (but only up to $2 million — or $1 million if married and filing separately; so if you owe $4 million for a house loan and it is all written off, you will have a $1 million or $2 million income to report — unless you are insolvent).
Post #1: Real Estate in Brief: FHA to expand foreclosure relief for 2017 disaster victims…homeowners in areas affected by Hurricanes Harvey, Irma and Maria, as well as those impacted by the California wildfires, flooding and mudslides.
Post #2: Real estate company sues firm after falling victim to scam. Geils Home Wisconsin LLC filed suit in Waukesha County Circuit Court on Tuesday, alleging that Merit Title of Brookfield breached its contract and was negligent in failing to protect Geils from a real estate scam.
Post #3: Local couple sues real estate company over land mix-up . Text messages provided in evidence show their agent told them multiple times she was working to get the sale reversed and that she’d been in contact with the seller and listing agent. So, who performed the title search on this property?
Post #1: The perfect real estate buyer should never… .
- don’t work with an agent for months and buy from someone else at an open house
- don’t work with more than one real estate agentDon’t contact listing agents personally. Use ypur real estate agent
- Don’t ask an agent to show homes for sale before getting pre-approved
- Don’t look at homes outside the pre-approved price range
- The buyer should understand where they want to live
- Don’t make unrealistic lowball offers
- Lastly, don’t make an offer contingent on selling a home.
Post #2: Cost Saving Tax Ideas for Real Estate Agents.
- Home Office & Office Space
- Drive Time
- Client Relations and Lead Generation
- Home Showings
- Fees and Dues
- Staying on Top of Your Taxes
Post #1: Real Estate | ‘Rising Up’ – Homeowners in flood-prone areas trying creative elevation. Hazard Mitigation Grant Program (HMGP).
Post #2: Phone Scams Remain on IRS ‘Dirty Dozen’ List of Tax Scams. In the most common version of the scam, callers posing as IRS representatives contact taxpayers by phone, claiming that they owe money to the IRS.
Post #3: Space donated in Seattle to build tiny houses for homeless – solution for other cities or consolidating a problem?
Post #1: The impact of recent tax reform on investment real estate.
- TAXATION AND DEPRECIATION
- MORTGAGE INTEREST DEDUCTIONS
- PROPOSALS THAT DID NOT MATERIALIZE
Post #2: Tax Reform: The Impact of the New Tax Law on Real Estate Investment.
- PASS-THROUGH ENTITIES
- BUSINESS INTEREST LIMITATION
Post #3: Nine Must-Haves For Your New Home, Valentine’s Day Edition.
- The right location
- The right overall layout
- Enough bathrooms
- Dual sinks
- A good family gathering space
- Upstairs laundry
- A sufficient garage
- The right size backyard
- A kitchen you can work with
Post #1: Real Estate Agents: Not Using Social Media Yet? You Should Be!…Example: 68% of U.S. adults use Facebook, with 74% of those users logging in at least once per day…but maybe not to your Facebook page?
Post #2: Saying that a 65% return on investment is a “philanthropic venture” is really stretching things. No matter who it is designed to help with down payment assistance, this rate of return is worse than “payday” loans.
Post #1: Hidden cost of housing: How a shortage of construction workers is making our crisis worse.
Post #2: 10 Tips for Real Estate Home Buyers.
Post #3: 3 tips for real estate video marketing newbies
Post 1: Georgia House Bill 410 – restricts fees for HOAs to charge for statement of account … caps the total initial fee at $250 unless rushed which requires another $50 or amended which requires another $50 – who pays it? Buyer or Seller?
Post 2: FHA Home Loan Limits for 2018. Many counties in the US will increase FHA loan limits to $453,100 beg8ning in 2018 from $424,100 loan limits in 2017.
Post 3:Much More to Mortgages Than Interest Rates. Mortgage decisions are best made with thought to your cash flow, pay days, employment security, other debt, credit pressures, and long-term financial goals.
Post #1: Appraisals Off by a Larger Margin.
Post #2: The ultimate real estate agent home inspection checklist.
Post #3: Lack of Homes on the Market Takes a Toll on First-Time Buyers.
Post #1: 3 ways the stock market can affect real estate.
Post #2: Common Property Investment Pitfalls.
Post #1: Annapolis man sentenced to 4 years in prison for real estate, credit card fraud. In addition to a scheme to steal credit card numbers, he created websites and promised real estate agents leads…
Post #2: Ben Carson Orders Official HUD Review Amid ‘Attack by the Media’.
Post #1: Survey shows consumers are poised to embrace virtual real estate tours.
Post #2: Real Estate Takes on Drone Technology. Fad or here to stay? And when do you expect to live in the sky to view what your house looks like from there?
Post #1: Creative Ways To Save For A Down Payment:
- Look for down payment assistance
- Save your pennies
- Shop for a better savings account
- Do automatic transfers
- Get a gift
- Save all raises and bonuses
- Shift some money toward repairing your credit
- Pare down
- Call your cable, Internet, and phone providers
- Make your coffee – and your lunch – at home
Post #2: Real estate tightens, owners stay put.
Post #3: In age of social media, do we still need to host open houses?. Note: Only if you want your agent to market themselves and not the house-as most I’ve seen do—or criminals to scout out your home…even if it’s vacant, they will know what appliances you have, if you have an alarm system, etc,.
Post #1: Do homeowners need mortgage life insurance?. It all depends on ho will remain to burden with the mortgage as well as the specific coverage requirements. For instance, it might matter how you die. For instance, the policy might cover accidental deaths (you’re hit by a bus) but not death by natural causes (you have a heart attack).
Post #2: Budget 2018: Would the real estate sector ever see real changes?.
Post #3: Will It Become Harder to Afford a Home? Experts Say Yes.
Post #1: NAR wins pro-real estate provisions in budget deal. The National Flood Insurance Program (NFIP) and six tax provisions that affected real estate were extended in the federal budget deal signed by President Donald Trump on Feb. 9, thanks to lobbying by the National Association of REALTORS®. NAR wins pro-real estate provisions in budget deal
Post #2: NAR Wins Pro-Real Estate Provisions in Budget Deal.
NAR wins provisions
Two California residents are facing federal indictments for allegedly participating in a nationwide telemarketing real estate scam that reached into parts of Madison and St. Clair counties. Under the SCAMS Act, because it alleged that the crimes took place in connection with telemarketing, and victimized ten or more people over age 55, the maximum penalty for the conspiracy to commit wire fraud and wire fraud count carries a maximum sentence of 20 years. The pair can also be fined up to $250,000 per count, and can be ordered to pay restitution to the victims.
Post #2: 18 things real I estate agents should do before 2018. Including (a) Send thank you cards, not just holiday cards, to everyone who helps you keep the lights on and (b) Remove, block or ignore any trolls or haters.
Post #3: 5 Tips for Buying A House With Student Loan Debt . This includes improving your credit score and considering down payment assistance programs.
Post #1: Why Should Real Estate Firms Invest In Technology?
Post #2: Property doesn’t always make you money as data shows house price falls over the past decade.
Post #3: There’s A Lot To Consider When Choosing A Home Inspector.
Post #1: Conventional Shmonventional: Is A Creative Loan Option Best For First-Time Buyers? “A new program allows employers to help workers’ down payment on a home, similar to how companies contribute to a 401(k),” said REALTOR Mag. “HomeFundMe, a Fannie Mae and Freddie Mac-approved down payment crowdfunding platform….
Post #2: 5 Reasons to Get a Prelisting Home Inspection.
Post #3: Average U.S. Home Seller Profits At 10-Year High Of $54,000 In Q4 2017 .
Post #1: Some impacts of new tax law on local real estate are clear. Some aren’t..
Post #2: Should downsizing baby boomers rent or buy? We can unequivocally conclude: It all depends.
Post #1: CONSUMERS REMAIN TOO OPTIMISTIC WHEN ESTIMATING HOME VALUE.
Post #2: Will You Be Able to Get a Mortgage in 2018? Hint: You likely won’t have to worry about getting approved by a lender.
Post #3: Why You Should Sell Your Home in 2018 . According to a recent survey, 31% of respondents expect 2018 to be a better year for selling a home than 2017 – and just 14% expect it to be worse.
Post #1: Real estate companies work to draw in millennial homebuyers. “There’s definitely the apps they love to use. It’s that instant gratification. So they’re able to look at photos online and do virtual tours,” Rogers said.
Post #2: The top 5 real estate marketing ideas.
- Focus on the clients you have, not the leads you want
- Showcase your expertise with a digital storefront
- Distinguish yourself from the countless other agents in your market
- Consistently utilize one or two brand-building activities
- Create value with your content-marketing strategy
Post #3: Man accused of attempting to sexually assault real estate agent who was giving him a tour of a home.
Post #1: Pay Attention in 2018! …to these and other factors:
- changes to tax law, estate planning, resulting neighborhood development
- Saving for a down payment,
- Paying monthly condominium fees,
- Pay attention to which laws, regulations, services, and real estate expenses have actually changed
Post #2: Top 3 Most Popular Real Estate Accounting Software in 2018 . While 55 percent of sales in 2017 were between $500,000 and $1 million, that segment of the market is slipping away as locals who already own real estate are no longer trading up or building new homes.
Post #3: If I buy through the Seller’s Agent, will I get a better deal? Three compelling incentives for why home buyers should use the services of a licensed Realtor.
Post #1: There are 5% down payment loans on Jumbo Mortgage Loans (now $453,100 is Fannie & Freddie eligible); up to 10% down payment on home loans up to $1 million… lower down payments normally come with higher interest rates (more risk)…and seasoned funds are defined as those in your bank/investment accounts are at least 60 days old.
Source: Wall Street Journal, 1-29-2018, “Up in the Air over Down Payments”, Page M7
Post #2: Who Owns the Home When Two Names are on the Mortgage? . Both names can be on the title of the home without being on the mortgage. Generally, it’s best to add a spouse or partner to the title of the home at the time of closing if you want to avoid extra steps and potential hassle. Your lender could refuse to allow you to add another person – many mortgages have a clause requiring a mortgage to be paid in full if you want to make changes. On the bright side, some lenders may waive it to add a family member.
Post #3: Mortgage lender LoanDepot sees real estate agents as key in next phase of fintech. The lender’s parent, LD Holdings LLC, said it is working on a service to connect pre-approved borrowers with local real estate agents.
Post #1: Pennsylvania could eliminate property taxes this year, senators say . Argall said he’s polling senators on four options: One would exempt homeowners from paying taxes on their primary residences and would raise the state income tax to fund school districts; two also would exempt only primary residences, but would make up the difference through combinations of sales and income tax increases; and the Property Tax Independence Act, which would eliminate school taxes on all properties by raising sales and income taxes.
Post #2: New California Law Requires Additional Pool Safety Devices. Not sure if your state or county public health department requires these or other safety measures, but be sure to investigate. Good article on 2007 Virginia Graeme Baker Pool And Spa Safety Act.
Post #1: Arkansas real estate agent, daughter plead guilty for fake will. A former south Arkansas real estate agent and her daughter have pleaded guilty to federal crimes involving a fake will for a survivor of an oil rig explosion who later died in a car crash.
Post #2: FBI and NAR offer 10 ways to guard against real estate cyber scams.
Post #3: The truth about technology and the role of a real estate agent.
TransUnion exec talks credit scores and real estate. The first thing is to look at your credit report and see what your score is. And maybe people don’t know this, but for a real estate transaction a mortgage lender looks at all three credit reports — TransUnion, Experian and Equifax.
Post #1: Limited housing inventory remains the primary drive of increased home prices in the US. The median sales price of an existing home in 2017 was 246,800, up about 6% from 2016. Source: WSJ, 1-25-2018, A2
Post #2: Intersection: How Zillow Wants To Be Your Real Estate Agent. Zillow started testing out this new service last year in Orlando and Las Vegas. The company says it will keep testing the program in Orlando and will expand it this year into Phoenix. But realtors are pushing back, saying there’s more to the service that how it’s being marketed.
Post #3: Amherst: Amazon’s HQ2 choice to drive local housing demand up to 25%. This may sound great for home sellers and residential listing agents, but for home buyers (especially first time Buyers) and those still living in homes, it’s pricing some Buyers out of the market and raising prices for home based related services like contractors, HVAC, plumbers, electricians, etc.,.
Post #1: Defining Principal Residence: Its Your Home! In order to take advantage of the up-to-$500,000 exclusion of gain (or up-to-$250,000 if you file a tax return as a single taxpayer) the house you sell has to be your “principal residence”.
Post #2: Why Home Buyers and Agents Need to Have Each Other’s Backs.
Post #3: Tips for selling a house to millennials. Fresh paint and staging? Is that all – no!
Post #1: An $80,000 kitchen upgrade isn’t going to add $80,000 or more to the value of your house. Better rethink that kitchen an bathroom remodel project.
Post #2: Real-Estate Matters: There’s no standard method to calculate square footage. Note: Typically in the Atlanta area, appriasers meaure square footage of houses using outside walls…
Post #3: 10% and Falling: Housing Inventory Keeps Shrinking. “Tight inventory fueled by a tight labor market and low interest rates propelled home values to record heights in 2017, but the outlook is now much less certain,” Terrazas says. “Tax reform will put more money in the pocket of the typical buyer, but will limit some housing-specific deductions. Overall, this should increase demand for the most affordable homes and ease competition somewhat in the priciest market segments.”
Post #1: 6 secrets to getting a real estate listing every day.
Post #2: Real Estate Advice: Don’t withhold your condo fees.
Post #1: FDIC hit by 50+ breaches in a two year period. One of the most striking findings was how the FDIC handled notifying the potential victims of their breaches. Of the 18 cases reviewed in the report, the FDIC only contacted victims related to five of the incidents. Additionally, it took an average of 288 days—or more than 9 months—from the date the breach was discovered to the date that the FDIC notified affected individuals.
Post #2: The Inman Files: Ending 155 years of real estate scams.
Post #3: Three Big Things Homebuyers Are On The Look-Out For.
- Curb Appeal
Post #1: Why You Should Sell Your Home in 2018 . According to a recent survey, 31% of respondents expect 2018 to be a better year for selling a home than 2017 – and just 14% expect it to be worse.
Post #2: Reverse Mortgages Draining FHA Resources, Overhaul Needed. Home Equity Conversion Mortgage (HECM) program the program is an economic drain…the most recent showed the program with an economic value of negative $14.5 billion
Post #1: All Things Real Estate: Home transfer triggers acceleration clause. Banks pretty much suspended this practice back in 2007-08 as the number of foreclosures due to the Great Recession began to spike.But now, with the economy growing and the real estate market pretty stabilized, the banks are going back to enforcing the acceleration clause.
Post #2: If you prepaid property taxes, will you get the deduction? If not, can you get your money back ? “In general, whether a taxpayer is allowed a deduction for the prepayment of state or local real property taxes in 2017 depends on whether the taxpayer makes the payment in 2017 and the real property taxes are assessed prior to 2018,” the IRS said in its Wednesday advisory. “A prepayment of anticipated real property taxes that have not been assessed prior to 2018 are not deductible in 2017.”
Post #1: 8 Ways To Up Your Chances Of Buying Your First Home .
- Work with a good REALTOR®
- Get that preapproval
- Talk to landlords
- Consider a home that needs work
- Look just outside your target neighborhood
- Consider a transitioning neighborhood
- Raise your budget
- Go back to your lender
Post #2: How many credit checks are performed before closing on a home purchase? Hint: More than once.
Post #1: Local real estate agent fined over lead paint charge. Serves time and pays >$50,000 in fines.
Post #2: Man pleads guilty to armed robbery of real estate agent.
Post #3: Ask The HOA Expert: Parking Rules…contractor estimates…etc,.
Post #1: 2018 real estate forecast: foggy, lukewarm. Slower price growth than 2017
Post #2: What Xceligent’s Bankruptcy Says About the Property Data Business. Commercial real estate data firm Xceligent filing for bankruptcy protection, the property data industry was not surprised—it’s an expensive field to be in.
Post #1: Hundreds of robot realtors are helping Bay Area renters find new homes. The three-foot-tall robot had an iPad mounted at the top, connected to real estate agent Rabia Levy in her Sunnyvale office. “I’m a person too!” she responded.
Post #2: 5 Ways Savvy Real Estate Agents Are Using Social Media.
Post #3: 10 tips to have an awesome mortgage in 2018.
Post #1: What To Expect In 2018 In Real Estate.
- HOME VALUES WILL CONTINUE TO RISE
- NEW CONSTRUCTION WILL MAKE REAL ESTATE MORE ACCESSIBLE
- MILLENNIALS WILL MOVE TO THE SUBURBS
- BOOMERANG BUYERS WILL RETURN TO THE MARKET
- NEW TAX LEGISLATION WILL IMPACT HOMEOWNER DEDUCTIONS
- INTEREST RATES WILL RISE
Post #2: Ask the HOA Expert: Fines Should Be Reasonable.
Post #3: There is an estimated $6.7 trillion of outstanding government guaranteed mortgage (FHA,VA, Freddie Mac, or Fannie Mae) debt.
Post #1: Tax Reform: Here’s What Could Impact Homeowners Most:
- Cap on Mortgage Interest Deduction
- New SALT Deduction Limit
- Preserved Exclusion of Capital Gains
- Deductibility on Home Equity Loans
- Doubling of the Standard Deduction
Post #2: A Guide to Selling Real Estate to Millennials – Maximize your opportunities…More than half the homes sold last year were sold to Millennials, and so you need to be able to understand their motivations to reach this generation effectively.
- Be Online
- Friendly content
- Make it easy
- Get out there
- Be Transparent
- Re-evaluate Your Listings
Reasons Why Real Estate Brokers Will be Needed Forever.
- They Have Serious Knowledge Of Your Local Area
- They Have A Close Eye On Current Market Trends
- They Know How To Market Your Property
- They Can Handle Heated Conversations And Paperwork
According to the National Association of Realtors, we’ve been in a Seller’s market for the past 5+ years.
Mixed real estate news— Housing starts rose 3.3% in November from October but residential housing permits fell 1.4% – WSJ, 12-20-2017, Page A2. This probably just means we are heading into the winter season which is traditionally slower housing starts due to weather and weather related delays….which cause extra cots for developers and builders.
Current value of U.S. homes are worth a combined $31.8 trillion.