Showing posts with label for sale. Show all posts
Showing posts with label for sale. Show all posts

Thursday, August 30, 2018

40% OFF - CASH BUYER'S LISTS FLASH SALE

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Saturday, March 31, 2018

REAL ESTATE CASH BUYER LEADS

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REAL ESTATE CASH BUYER LEADS

Having trouble finding real estate cash buyers to flip your property? Stop searching or wasting your time and start contacting buyers.

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Wednesday, January 31, 2018

The Hottest Housing Markets This Year

Real Estate Cash Buyers Lists
The Hottest Housing Markets This Year

RECBL - Real Estate News

The US housing market has regained its momentum.

About half of all homes in the country are worth as much or more than they were in April 2007, during America's most recent housing boom, according to data from Zillow.

But some real estate markets are really on fire, with quickly rising home values and rental prices, increasing populations, low unemployment rates, steady income growth, and strong job opportunities, according to Zillow's latest housing report.

Below, check out the top 10 hottest real estate markets in America for 2018, along with median home values and rent prices, median household income, and projected year-over-year growth.

1. San Jose, Calif.
2. Raleigh, N.C.
3. Seattle, Wash.
4. Charlotte, N.C.
5. San Francisco, Calif.
6. Austin, Texas
7. Denver, Colo.
8. Nashville, Tenn.
9. Portland, Ore.
10. Dallas, Texas


Analysts based the list off the Zillow Home Value and Rent Forecast, which is the change projected in the Zillow Home Value Index (ZHVI) and the Zillow Rent Index (ZRI) for the coming year, as well as employment, income and population statistics from Glassdoor.

"This list shows that just because a market is smaller or more affordable doesn’t mean it isn’t dynamic," says Aaron Terrazas, senior economist at Zillow. "Growing cities in the Sun Belt, places like Raleigh, Charlotte and Nashville, offer plenty of opportunities in healthcare and finance, while providing a less-expensive, but still-convenient alternative to the larger and pricier markets in the Northeast. The tech industry continues to roar, attracting thousands of new residents per year to tech-dominant markets like Seattle, Denver and the Bay Area. The higher cost of living in these areas is offset to a large degree by well-paying tech jobs."

Across the top 10, analysts anticipate home values will increase between 3 and 8.9 percent in the next year-8.9 percent in San Jose, and 3 percent in Denver. The complete forecast:


For more information, please visit www.zillow.com.



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Saturday, October 28, 2017

Inside the Mindset of Gen X Buyers

RECBL - Cash Buyers Lists
Inside the Mindset of Gen X Buyers

RECBL - Real Estate News

Not to be overshadowed by the recent focus on millennial and boomer homebuyers, Generation Xers are making something of a buying comeback in today’s real estate market. Here’s why this trend is significant.

Members of Generation X (ages 37-51) have been somewhat sidelined when it comes to coverage of the social and financial impacts of the different generations. But recent studies are finding that those who came of age in the 80s and 90s represent a higher percentage of new homebuyers than in years past and are gaining a noted foothold in the real estate market.

Coming of age in the real estate market
According to industry sources, millennials are the generation buying the largest share of property at 35 percent.

Following right behind, however, are members of Gen X, accounting for 28 percent of home purchases-up from 26 percent last year.

Forbes reports that the increase in home purchases by Generation X is especially significant in that this sector has the highest average amount of student debt among the generations-$30,000-compared to an average balance of $25,000 for millennials. Industry sources also report student loans are a contributing factor as to why Gen Xers delay buying a home longer than their millennial counterparts.

What are they looking for?
According to industry sources, the following factors might influence the real estate comeback among Gen Xers. These factors may also help determine the kinds of homes these buyers are looking for.

Members of Gen X are typically:
  • In their peak earning years
  • The generation making the most money, with a median annual income of $106,600
  • More likely to have families
  • The largest generation with kids still living at home

While they may have taken longer to purchase homes, the generation in between the famed boomers and millennials is on its way to a real estate comeback. With more income and more children living at home, Generation X may be looking for bigger homes at a higher price point to accommodate their family and lifestyle needs.

Although millennials and boomers continue to generate coverage as buyers and sellers in the real estate market, the middle generation, Gen X, is coming into its own and is at its peak as more members join the ranks of American homeowners.

Source: HSA Home Warranty



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Monday, October 23, 2017

What Is a Seller Counseling Session?

RECBL - Cash Buyers Lists
What Is a Seller Counseling Session?

RECBL - Real Estate News

The following information is provided by the Center for REALTOR(R) Development (CRD). A seller counseling session occurs at the beginning of your relationship with a current or prospective seller client and is a strategic activity that helps ensure a high-quality experience for everyone involved.

The consequences of unprepared sellers cannot be overstated. In a recent article from REALTOR(R) Magazine, agent Ryan Zwicky outlines some lessons learned the hard way, one of which was about setting appropriate expectations from the start. Zwicky says, "I learned that trying to please the seller only harms them in the end. It is better to be completely honest and open from the start."

A seller counseling session is a powerful expectation-setting tool. It can be a sit-down meeting in person, a virtual web-based teleconference, or even a long phone call-all supplemented with a print resource, to help guide the conversation. The mode of communication that you use for it is not quite as important as your ability to carve out uninterrupted one-on-one time for yourself and the seller to get to know one another a little more deeply, and to go over how everything will work.

There is no one set way to do a seller counseling session, but there are some best practices and resources-home-grown or for-purchase-that can help you plan the conversation beforehand so that you don’t forget any aspect that needs to be discussed. For example, the Real Estate Business Institute (REBI), an affiliate of NAR, offers sets of customizable PowerPoint(R) presentation templates to help with structuring the conversation. The slides can be reorganized and adapted as needed to your situation. For those that want to take their seller representation skills to an even higher level, REBI also offers its Seller Representative Specialist (SRS) Designation course online at NARs Center for REALTOR(R) Development. It also offers the course for classroom delivery, and a schedule of upcoming courses.

Regardless of the exact structure and the exact resources used, a seller counseling session is an invaluable strategic tool that will help you succeed as a seller's representative. Below are 10 reasons why.

1. Demonstrate Your Value - The session helps you showcase your service package by giving you the opportunity to highlight and explain your business background, your education qualifications, the extent of your experience, and the value you bring to the process. Your expertise and service orientation will help your client feel at ease and taken care of.

2. Set Expectations - The session will help you set expectations so that in the long run there will be fewer surprises (and therefore fewer delays and less confusion). The client will come to understand their role, your role, and the roles of everyone else along the way. Things will run more smoothly. Smooth transactions lead to more referrals.

3. Get on the Same Page - As confusion and potential misunderstandings are addressed and cleared away up front, the session will help put you and your client on the same team so that you are working together with each other, and not at odds or toward opposing goals.

4. Reduce Risk - Because of this meeting, there will be fewer chances for confusion, missteps, breaches and conflict. Whenever processes are made clearer at the outset, the risk of veering off into antagonistic or dangerous waters is greatly minimized.

5. Explain What You Can and Can’t Do - An important aspect of further reducing risk is addressing what you as the client advocate can and cannot do. By addressing this early, there will be fewer or no client expectations or demands that you do something which is unethical, illegal, uncomfortable or just plain fishy. You can go over how agency works in your state and all of the seller disclosures required. You can also discuss what the REALTOR(R) Code of Ethics requires of you, your fiduciary duty to your client, and what that looks like in day-to-day practice.

6. Outline the Process - Your client will be a more calm, confident, and cooperative partner once they have a big-picture scheme in their mind about what the entire process will entail. Do this for them in the seller consultation session; give them the big picture, 50,000-foot view. This may be second nature to you, but to them, the entire process may be foreign and disorienting. They may not need as many check-ins along the way, and it will be less likely that they will become upset with you if you have explained the overall process beforehand.

7. Position the Property - Having an in-depth conversation about the property, its current position in the market, what can be done to improve this position, like staging (and what cant be overcome) will help you down the road when you and your client have to deal with price reductions, price negotiations, concessions, contingencies, multiple offers, deals that fall through and so on.

8. Explain Fees - Understanding the line items of the different services clients are paying for will head off a number of questions, objections and frustrations down the road, especially if things get challenging. Having a talk about fees as connected to the value of what you do to help the property succeed in the marketplace is key.

9. Gather Preferences - The seller counseling session is a great time to gather information to help you understand how your client prefers to communicate and be treated. Do they want a daily or weekly check-in, by phone or text? How would they prefer open houses be handled? What makes them stressed and what puts them at ease? You’ll want to gather this information to help you serve them in the way that works best for them.

10. Provide Resources - The session will provide you the opportunity to share resources that the seller can take home with them, review in detail on their own time, and ask questions about later. The value of takeaways and reading material as time-saving educational tools cannot be underestimated. The seller counseling session helps you present and offer these materials so that the seller knows they exist and understands how to review them.

To learn much more about seller counseling sessions and seller representation overall, please consider checking out the education, benefits, and resources offered by REBI and its SRS Designation. In October, the featured 25% OFF course at the Center for REALTOR(R) Development is the Seller Representative Specialist (SRS) Designation course, which is the basic requirement toward obtaining this credential.

For more information, please visit onlinelearning.realtor.



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Sunday, October 15, 2017

5 Steps to Win the Negotiation Battle

RECBL - Cash Buyers Lists
5 Steps to Win the Negotiation Battle

RECBL - Real Estate News

We’ve all been there. Whether it’s negotiating a deal, a repair request or price, both sides are at an impasse. What’s your next step?

Agents recall themselves being in this situation many times, and have been tempted to simply kill the deal. But ultimately, the goal is to put the client’s interests ahead of our own interests and feelings and to create a win-win-win scenario. Are you capable of doing this, or does your temper get the best of you?

To make sure you can avoid the loss of temper and ultimately the deal, here are five ways to win your next negotiation.

1. Take a deep breath and walk away from the computer or phone and change your mind set. Get back on the phone or send an email asking the other agent what would make the deal work for his or her clients. This change in mindset may be enough to win your way into working out the deal.

2. Consider being a bit more transparent to the other agent. The conversation may go something like this: "I wanted to open up and let you know that this is a tough one for me. My buyers/sellers see things a little differently, and I’m simply trying to live up to their expectations. Can you help me out?" By telegraphing the fact that you’re being transparent and not giving away too much information, you may shift the negotiations back into your favor.

3. Try to get into the other agents head by asking for their thoughts. A perfect example is a deal I’m currently working on. We have an appraisal problem, and there’s a difference of $23,000 between the contract price and appraisal. I had a heart-to-heart with the buyer’s agent and found out that his buyer agrees with the contract price, but doesn’t have the money to come up with the difference. I also learned that the buyer is a widower and has four kids. That gave me enough information to go back to my seller and explain what the buyer is up against. They’re considering a price drop of $10,000 in an effort to meet the buyer halfway.

4. In a tough deal with an agent you’ve never worked with, your goal should be to create the same feeling you get when working with a friend or agent you’ve had a good cross-sale experience with. How? Social media. The goal is to learn as much about the other agent as possible. Maybe you have friends in common or attend similar types of social events. Making a connection like you would with the client could help you win the negotiation.

5. Slow the negotiations down. Instead of getting back to the other agent in an hour, wait until the next day (unless you’re under deadline). This helps keep the momentum on your side and timetable. It may not mean much to you, but if you tell your client what you’re doing and prepare them for the slowdown, the other side is caught off guard. The other agent may not care or have a clue what’s going on, but the other agent’s client may start having second thoughts. It may be enough to move the other agent’s client to a different position.

Bob Sokoler is the owner of a team in Louisville, Ky., which has ranked No. 1 in the city for sales volume six years in a row. His team sold more than 404 properties in 2016, and more than 340 properties in 2015. Contact him at Bob@WeSellLouisville.com.

For more information, please visit www.workmansuccesssystems.com.


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Must-Have Tools Every Real Estate Professional Should Have

RECBL - Cash Buyers List
Must-Have Tools Every Real Estate Professional Should Have

RECBL - Real Estate News

From virtual tools to tangible gadgets, there are some things every real estate professional should have on hand at all times. Learn which ones can help carry you to success, from a vibrant online presence and abundant, accessible internet file storage to the right mobile apps and more. New technology has made it easier than ever for real estate professionals to help keep up with the latest industry trends, schedule and track meetings, connect with clients instantly and resolve customer service issues swiftly-and that's just a sampling of the offerings available to make business less of a chore.

On the Road: Think about all the time you spend in your car, driving back and forth from showings to open houses to client meetings. In fact, you probably spend so little time in your office that being prepared for any and all business dealings while you’re on the road is a smart move. Here are the latest tools that will serve you well and make every on-the-go minute count:

Maximize voicemail, minimize effort with Slydial. Need to get in touch with a client, but only have a couple of minutes before your next appointment? Simply dial 267-SLYDIAL. After the prompt, dial your clients phone number and you’ll be sent directly to their voicemail.

Stay safe on the road while responding to new leads. We all know texting and driving is not the best course of action, but, admittedly, it’s tempting to try and work while driving. Your solution? DriveSafe.ly. This ingenious app will read your text messages and emails aloud while you drive. When you get in your car, activate the app, toggle it off when you exit.

Track your mileage with Mile IQ. This mobile app helps you stay abreast of your mileage for reimbursement or tax purposes.

Store receipts and business cards in Shoeboxed. This app avoids paper clutter by allowing you to scan a variety of materials from your phone or computer and documents them in a secure online account. What’s more, for less than $10, you can mail in an envelope full of receipts, and the app will scan, upload and shred the originals!

Scan documents with your phone with TurboScan. Need to submit a document but you’re away from your office? With TurboScan, you can scan a variety of documents and reports on the go.

Your mobile office is complete with EuroSmartz. Connect to any Wi-Fi, Bluetooth or network printer with an app that allows you to access your Google Docs and print them from any location.

The following "basics" are worth remembering: A USB mobile device charger - A necessity, as none of your mobile devices will work without "juice." These devices are inexpensive-often less than $10, a small price to pay for not having to worry that your phone or tablet will fizzle out during an important transaction.

GPS navigation and paper maps - You probably already have a GPS on your smartphone, but consider using a dashboard GPS, as well. It’s easier to view, which could save you time when navigating unfamiliar territory. And, just in case technology fails you, be sure to keep a paper map on hand.

Local business flyers and brochures - By collecting information about an area’s most popular businesses, like retail stores and restaurants, you can show potential clients that you know a lot about your market.

Think about your clients, too. Show you’re always keeping them top of mind by stocking up on items like folders (for feature sheets), pens, notepads, waters or even protein bars!

Additional Tools to Give You an Edge
The real estate industry is highly competitive-so much so that even the most established real estate professionals hit a slump. That said, there are a variety of gadgets and tools to help you push through the competition and better manage clients.

Camera drones - Ever since they were approved for domestic use, these aerial photographers have become an integral part of the real estate industry. They can be used to create a room-by-room video guide for potential buyers, as well as provide aerial footage of homes, even in the most difficult to reach locations.

Internet-based file storage - Like many business people, real estate professionals are overwhelmed with documents-and the more documents there are, the harder they are to locate and organize. But now, with Dropbox and Google Play, you can pull up documents whenever and wherever you need them.

Task managers - These time-saving tools, like Evernote, help you keep your appointments, as well as your clients, straight. Never miss potential opportunities again. Simply input reminders, your to-do list and schedule, and any other documentation to help you stay on track. A popular task manager like Basecamp can help you collaborate and keep back-and-forth communications going with colleagues.

Home warranty account - Registering for a home warranty account allows you to manage your plans online and on the go.
Set yourself apart, save massive amounts of time, grow your business and stay top of mind with clients and potential clients by utilizing the tools mentioned above. With more and better technologies emerging every day, the real estate market is definitely your oyster.

Source: American Home Shield(R)



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Friday, September 29, 2017

How to Qualify for an FHA Mortgage

RECBL - Cash Buyers Lists
How to Qualify for an FHA Mortgage

RECBL - Real Estate News

(TNS)-If you’re concerned about getting approved for a conventional mortgage, keep your dreams of homeownership alive by considering a mortgage insured by the Federal Housing Administration. For borrowers who meet FHA requirements, this mortgage alternative is a terrific way to buy a home with a low down payment and less-than-perfect credit.

What Are the Requirements for an FHA Loan?
In order to obtain approval for an FHA loan, the borrower must satisfy the following requirements:

Steady Employment History - Borrowers typically must have been regularly employed within the past two years. Self-employed borrowers have to prove that their business has drawn stable income for at least two years; verification, such as tax returns or company documents, is required.

Ability to Pay - This is determined by two formulas: the front-end ratio and the back-end ratio. The front-end ratio refers to the entire amount that the borrower spends on housing costs, and it must be less than 31 percent of the borrower’s gross income, with some exceptions that push limit up to 40 percent. This includes expenses such as the principal, interest, property taxes, homeowners’ association fees, mortgage insurance, and homeowners insurance. A borrower’s back-end ratio, also known as the debt-to-income ratio, encompasses all of the borrower’s debts, including the mortgage payment, credit debt, and personal loans, and it should be less than 43 percent.

Financial Soundness - The borrower must have a credit score of at least 580 and be able to afford a minimum down payment of 3.5 percent. Some institutions may accommodate lower credit scores if the borrower is able to pay a larger down payment. She must be a minimum of two years out of bankruptcy and not have a foreclosure in the past three years. All her federal student loans and income taxes must be current.

Residency - The borrower must be a lawful U.S. resident with a valid Social Security number, and she must be the occupant of the home.

What Costs Are Associated With an FHA Mortgage?
Like conventional mortgages, there are costs associated with FHA loans that the borrower has to pay when the loan closes, including lender fees, prepaid interest, inspection expenses, and attorney fees. The FHA mortgage program permits lenders and property sellers to pay some or all of the buyers closing costs.

To insure the mortgage against default, the borrower must also pay an annual mortgage insurance premium. The MIP varies based on the terms of the loan, including the principal, loan-to-value ratio, and term. On average, expect to pay 0.85 percent of the loan amount each year.

Borrowers may be required to pay a one-time additional mortgage insurance fee at the time of closing, called the Up-front Mortgage Insurance Premium. As of 2017, the UFMIP is equal to 1.75 percent of the mortgage.

Want to learn how long it’ll take you to pay off your mortgage? Run the numbers through Bankrates mortgage calculators.

What Are the Disadvantages of an FHA Mortgage?
Since an FHA loan permits a lower down payment, you can expect to pay more interest over the life of the loan than you would with a conventional mortgage that necessitates a larger down payment.

Visit Bankrate online at www.bankrate.com.

(C)2017 Bankrate.com
Distributed by Tribune Content Agency, LLC



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Friday, September 15, 2017

Staging the Most Important Rooms in Your Listing

RECBL - Cash Buyers Lists
Staging the Most Important Rooms in Your Listing

RECBL - Real Estate News

Staging every room in a for-sale listing may sound ideal; however, it may be a daunting task to both the seller and the listing agent.

If your seller can’t afford to invest in staging the entire home, it’s OK to scale down-after all, it’s better to do a good job on a few rooms than to do nothing at all.

When deciding which rooms to cut and which to keep, remember that not every room is created equally and that half the battle is de-cluttering.

Why Stage?
Because it’s primarily individuals rather than companies who buy homes, it’s important to appeal to the largest number and widest range of buyers possible. Even the most basic DIY staging (like having your client pack up their extensive porcelain doll collection or take down their numerous hunting trophies) can help buyers without those specific interests envision themselves in the home.

When buyers picture themselves in the home, they’re willing to pay more. NARs 2017 Profile of Home Staging reported that 29 percent of sellers agents reported a 1 to 5 percent increase in offer amount compared to similar homes. A further 21 percent reported a 6 to 10 percent increase in their offer amount. Staging also decreases the amount of time a listing will spend on the market. Photos of a nicely staged home make people more willing to walk through a property they found online.

What to Stage?
You don’t have to stage every room in a house to get good results. For example, it’s far more important to stage the living room than the laundry room. Here are the most popular rooms to stage, according to the 2017 Profile of Home Staging, as well as some ideas of what you can do in each:

Living Room
Remove the oversized couch and other bulky furniture and substitute smaller, narrower options. This will make the whole room feel larger. Also, remove all personal photos and enough books, movies and knickknacks to give the shelves extra room, emphasizing how the home offers plenty of "room to grow."

Kitchen
Pack up all the small appliances and do-dads cluttering up the counter, from the coffee pot to the can opener. Clear off the top of the fridge and get rid of all coupons, magnets, personal bulletins, etc. Once all the useful but non-decorative clutter is gone, consider adding a fruit bowl or flowers to add some color to the kitchen. It’s also important to de-clutter inside the cabinets to make them seem more spacious when interested buyers start poking around.

Master Bedroom
Again, start by de-cluttering. The only things on the floor should be furniture and maybe a rug. Most bedrooms don’t need much more than the bed, dresser, end tables, and a mirror. Make sure the surfaces of the furniture are cleared of all personal items. Remove any laundry baskets, TVs, and items visible under the bed. Dress the end tables up with a nice decorative lamp and make sure the bed is neatly and attractively made. If the master bedroom is particularly large, you can also add a comfy sitting area.

Dining Room
Dress the table up with a nice centerpiece and some simple but attractive place settings, but don’t make the table feel cluttered. If the table sits six, lay out four places. If it sits four, lay out two. This will ensure the table looks spacious and inviting. Remove any extra chairs that are gathered around the room, and make sure there is plenty of light, as well.

Bathroom

If you want the bathroom to appeal to buyers, make sure it is spotless. Everything from the tub to the walls should look fresh and clean. You should also remove any medications from the bathroom and put out fresh rugs and towels. Adding a few decorative candles or jars to the shelves will help create a more spa-like environment, as well.

Outside
The first thing a buyer sees when they visit your listing is the outside. Make sure the lawn is freshly mown, the bushes are trimmed, the driveway is clear of leaves and weeds, the windows are clean, and you have an inviting threshold.

Child’s Bedroom
Start by packing up anything that will identify who the child in the room is, such as school memorabilia, sports jerseys, trophies or photos. Most of the toys and all electronics devices should go, as well. Try to emphasize the child’s bedroom as a creative space. A desk or table can help with this. Keep the center of the room clear to emphasize plenty of play space, and use a gender-neutral color scheme to help buyers imagine their children in the room.

Once your client's home is staged, it's your turn to step up to the plate and get it sold. Homes.com makes it easy to find interested buyers and sellers with Featured Agent ads, which display your listings at the top of Homes.com, just one click away from popular Google searches.

For more information, please visit connect.homes.com.



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Wednesday, September 13, 2017

New Homeowner Statistics Unveiled

RECBL - Cash Buyers Lists
New Homeowner Statistics Unveiled


RECBL - Real Estate News

Owning a home is a key component of the "American Dream," as well as a primary driver of wealth creation for many Americans. However, the fruits of homeownership are not shared equally across demographic groups. A new report from Apartment List offers interesting insights.

After analyzing Census data from 1980 to 2015, looking at trends in owner and renter populations nationwide, broken down by race, education and income, Apartment List researchers found that white households have a significant advantage in achieving homeownership, and that this advantage persists regardless of education or income.


Some of the highlights of the latest Apartment List report include:

  • Nationally, the homeownership rate for white households is 64.4 percent, compared to 32.7 percent for black households, 41.1 percent for Hispanic households, 54.0 percent for Asian households, and 45.8 percent for households classified as "other."

  • Since 2000, the gap in homeownership rates has closed by 8 percent for Asian households, by 2.5 percent for Hispanic households and by 2.4 percent for households classified as "other." However, the gap for black households has widened by 3.9 percent.

  • Prime working age households in the U.S. are 61.8 percent white, 13.1 percent black, 16.7 percent Hispanic, 5.7 percent Asian, and 2.7 percent "other."

  • The nation is growing steadily more diverse, with the share of white households falling by 18.7 percent points since 1980.

  • The Census Bureau projects that more than half of the American population will belong to a minority group by 2044.

  • Nationally, Apartment List researchers found that homeownership rates for minorities with college degrees are lower than those for whites with only a high school diploma.

  • Gaps in homeownership rates by race tend to be worst in metros in the Northeast and Midwest, with smaller gaps found in metros across the South and on both coasts, particularly in California, Texas, and Florida.

Overall, the data shows gaps have been narrowing over time, but gaps for black households have grown worse. And while more diverse metro regions tend to have smaller gaps in homeownership rates, many of these metros also have corresponding low overall rates of ownership.



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Thursday, March 9, 2017

Buyers Beware of House Flipping

Cash Buyers Lists Blog
Buyers Beware Of House Flipping

BUYERS BEWARE OF HOUSE FLIPPING
#realestate #cashbuyerslists #house #flipping #buyers #beware #forsale #property #nightmares #niche

When it comes to real estate and house flipping...You don't know, that you don't know, until you learn that you don't know.
As strange as it may sound when looking to invest your time and money in the real estate niche it is always beneficial to reach out for guidance to avoid house flipping nightmares. ​CNBC's Diana Olick reports on why home buyers should be cautious when purchasing "flipped" real estate.
Read More> http://www.cashbuyerslists.com/


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Home Price Growth Outpaces Inflation

Cash Buyers Lists Blog
Home Price Growth Outpaces Inflation

Home prices continue to chart growth, rising on an annual basis to outpace inflation, according to CoreLogics recently released Home Price Index (HPI) for January 2017. Prices increased 0.7 percent month-over-month and 6.9 percent year-over-year. A combination of factors is driving momentum ahead of the curve, says Dr. Frank Nothaft, chief economist of CoreLogic. "With lean for-sale inventories and low rental vacancy rates, many markets have seen housing prices outpace inflation," Nothaft says. "Over the 12 months through January of this year, the CoreLogic Home Price Index recorded a 6.9 percent rise in home prices nationally and the CoreLogic Single-Family Rental Index was up 2.7 percent-both rising faster than inflation."
Read More> http://bit.ly/RECBL-March9


Monday, March 6, 2017

The Power of Listings


Cash Buyers Lists Blog - The Power of Listings
The Power of Listings



Cash Buyers Lists The Power of Listings
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One thing you’ll learn to do as a team is track everything. By developing great tracking systems, we learn to duplicate the right actions and activities that will generate the business needed to be successful. Your job as the leader, or CEO, of your team is to focus on business development and people development. By tracking the activities which generate business, we learn most team leaders find the greatest success when they focus on listings.
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Thursday, January 12, 2017

WHY MORE HOME SALES ARE FALLING THROUGH

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Why More Home Sales Are Falling Through

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The dream: quick and easy sales where all buyers find perfect homes at the bottom of their budgets, mortgage applications and inspections are completed without hassle and sellers realize asking price. In reality this rarely happens: offers are rejected or, further along, buyers can't qualify for loans and inspections turn up costly flaws.In fact, home sales fell through at an increasing rate in 2016.

A new report from real estate data and search site Trulia measures how often homes returned to the market after an initial sale agreement had been reached. They did this by tracking listings that moved from “active contingent” or “pending” status back to “for sale” or “for sale by owner” in the country's 100 largest metropolitan areas.

Nationally 3.9% of sales failed in 2016, up from 2.1% in 2015. In other words, contracts rarely fall through. Fail rates are as low as 0.1% in some places and no metro area has a rate above 10%. However, the rate has been rising since Trulia began measuring in late 2014, which may point to shifts in the market. Meanwhile, certain home and buyer characteristics make it more likely that a sale will run into trouble.

​“This is a different way to look at what agents see on the ground,” says Trulia Housing Data Analyst Felipe Chacon. He points out that agents have commented these numbers are too low since many deals fall through before Trulia (or anyone outside the negotiations) could track it. The hope, Chacon explains, is for their method to be a way to consistently measure failure rates over time, which could lead to more concrete conclusions.

Experience of Buyer

According to the National Association of Realtors, first-time homebuyers accounted for 35% of completed sales last year, up from 32% in 2015. For the market at large the return of first-time buyers is a good thing since they have been notoriously absent for many years. Since derogatory marks tend to stay on your credit report for seven years, there may also be an influx of people getting back on housing ladder after dealing with disqualifying credit issues in the financial crisis.

But first timers, and other high risk buyers, are one potential explanation for the increase in failed sales. This is not just a game of blame-the-Millennials. While it is true that new buyers’ unfamiliarity with the process may make mistakes more likely, there are practical hurdles. First time loan applications get additional scrutiny, since they don’t have equity or credit history from a previous home. A lack of equity to tap also means first time buyers are more likely to use FHA loans—a mortgage insured by the Federal Housing Administration—which impacts the type of home they can buy. FHA, for example, does not like window unit air conditioning.

Price of Home

In the fourth quarter of last year 7.1% of starter home listings (the bottom third of listings in a city by price) failed, up from 2.4% in the fourth quarter of 2014. ​In 62 of the 100 largest metropolitan areas the highest proportions of failed sales were at the lower 1/3rd of home values. That’s up from 50 in the same period of 2014.

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America's Top 10 Metros Where Starter Homes Sales Failed in 2016

Meanwhile, 6.7% of trade-up home sales (middle third) and 3.8% of premium home sales (top third) failed in the fourth quarter. For the full year, 6.3% of both starter and trade-up home sales failed and 3.6% of premium homes. Only two markets—Philadelphia and Wichita, Kan.—saw the most sales fail at the top of the market.

​Location of Home

For two years running, Las Vegas has been the worst place for failed sales with 7.6% of listings coming back on the market at least once last year. In fact, eight of the 10 metro areas with the highest proportion of failed sales are in the West, including three in California. Madison, Wis. had the fewest fails with just 0.1% of all listings reverting.

Age of Home

Unsurprisingly the newest homes are the least likely to have problems. Just 2.6% of contracts on homes built in 2016 didn’t go through. Middle aged homes—built from 1959 to 1969—had the highest percentage of failed sales at 5.2%. Interestingly, the average falls to 3.5% for older homes build from 1900 to 1920.

Original Author: 
Samantha Sharf

Source: Forbes




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