PRIVATE MONEY LENDERS - REAL ESTATE SOLUTIONS

 

PRIVATE MONEY LENDERS - REAL ESTATE SOLUTIONS

The coronavirus pandemic has thrown a monkey-wrench into all facets of life, including paying rent or the mortgage for some which includes real estate investors.

The real estate investment outlook prior to the coronavirus pandemic was looking pretty good with low interest rates, and new home construction still doing well. Fix-and-Flips were on the rise and rentals, though increasing, still were becoming occupied.

However, since the coronavirus pandemic, real estate businesses have either accelerated the growth of their real estate businesses or have watched their real estate businesses decline.

The coronavirus pandemic has impacted all businesses, with smaller companies being hit harder, especially companies with fewer than a couple dozen employees. Why?

Because a small business with fewer than a few dozen employees typically lacks cash flow and capital. Those companies were the first to reduce hours for employees or lay off employees. Those businesses were also the first to stop hiring subcontractors.

With the U.S. officially in a recession, millions of people are suffering.

And acting with compassion over the next 6-12 months is key, whether it is towards homeowners or landlords in trouble or renters having issues making payments.

However, for individuals who are properly positioned as real estate investors, the next few years will spell out O.P.P.O.R.T.U.N.I.T.Y

Even if the extra unemployment benefits and eviction moratoriums currently sun-setting get extended, they will expire eventually.

Between landlords having trouble collecting rents and homeowners in forbearance accumulating a pile of debt, there will be more distressed sales coming online.

Rentals will become cheaper…

And fix and flips will have less “newbies” competing for them.But…because of our housing shortage and continuing low interest rates, people will still buy your fix and flips (if you’re still in business).

The question is, are you going to be positioned to take advantage of these opportunities? Unfortunately, when the housing market softens or does anything resembling a crash, traditional financing dries up.

Hard money lenders go out of business left and right because they have lent to the wrong investors and banks get scared. So they pull out of lending on anything that’s not deemed “very safe”… They cancel credit lines, stop lending on construction or rehabs…And generally just crawl into a corner in a fetal position…(try to picture a “bank” in a fetal position…pretty funny).

That’s the hilarious thing about “Times of Opportunity”:

Most people get scared exactly when they should be entering the market in full force! So how do you ensure that you can still close on deals when all the dummies run for the hills?

Answer: Private Money Lenders

If you have solid private lending relationships, you will be able to pull the trigger on any deal you want. No matter what the market is doing or how many hard money lenders are filing bankruptcy.

1. Private money is personal.
2. Private money is flexible.
3. Private money is crash resistant.

If you BRRRR deals (Buy, Rehab, Rent, Refinance, Repeat), private money is crucial for short-term funding.

If you do fix/flips, private money is a FAR cheaper alternative to hard money and less risky. And if YOU are a good, honorable steward of that money, it will keep flowing to you.


CashBuyersLists.com                      Please like, comment and share. Thank you.

REAL ESTATE: WHAT BUYERS SHOULD KNOW ABOUT SELLERS

REAL ESTATE: WHAT BUYERS SHOULD KNOW ABOUT SELLERS

The following information is provided by the Center for REALTOR® Development (CRD).

NAR has been administering its annual Profile of Home Buyers and Sellers survey since 1981. The survey has grown from 59 to 131 questions, and gives us great insight into the trends, wants and needs associated with the most significant financial decision of most people’s lives: purchasing a primary residence for themselves and their families.

In this article, we’re going to dig in a little deeper into the findings from the 2018 version of the survey to focus on sellers:

Sellers Are Staying in Their Homes Longer
In the last 30 years, sellers have remained in the same home for longer periods of time. From 1987-2008, sellers stayed in their homes for a median of six years, with the only exception being 1997, when the median tenure bumped up to seven years. After 2008, the median tenure began to increase by one year each year.

By 2011, the median tenure reached nine years, where it remained for three consecutive years, and jumped up again in 2014 to 10 years. It decreased to nine years in 2015, but rose in 2016 to a median of 10 years, where it remained in 2017, effectively doubling since data collection started three decades prior.

It’s not necessarily clear why sellers are staying in their homes longer, but one possibility for some is that they are waiting for their equity to increase, especially given the economic downturn.

Seller Relationships With Agents Are Steady and Strong
Eighty-nine percent of home sellers worked with a real estate agent to sell their home. In addition—same as last year—90 percent of sellers listed their homes on the Multiple Listing Service (MLS), which is the No. 1 source for sellers to list their homes. Only 4 percent opted not to list on an MLS.

Client referrals and repeat business are the predominant ways sellers find their real estate agent. Most sellers—85 percent—said that they would definitely (67 percent) or probably (18 percent) recommend their agent for future services.

Sixty-two percent of sellers were “very satisfied” with the selling process; 26 percent were somewhat satisfied. Only 13 percent were dissatisfied with the process.

Key Skills Sellers Want in Their Agents
Sellers place high priority on the following five tasks: market the home to potential buyers (21 percent); sell the home within a specific timeframe (20 percent); price the home competitively (18 percent); find a buyer for home (15 percent); and help fix the home to sell better (15 percent).

The reputation of the real estate agent was by far the most important factor when sellers selected an agent to sell their home (34 percent). Sellers also place value on the agent’s trustworthiness and honesty (18 percent) and whether the agent is a friend or family member (16 percent).

FSBOs Are Decreasing
In 1981, FSBO home sales accounted for 15 percent of all sales, and agent-assisted sales accounted for 85 percent. FSBO sales have declined over time, and in 2017, FSBOs accounted for 8 percent of total home sales again for the third year in a row. This is the lowest share since data collection began.

FSBOs typically sell for less than the selling price of other homes. For FSBO sellers, those who know the buyer tend to have higher median household incomes compared to those who did not know the buyer. Where FSBO sellers knew the buyer, the time on market for the home was usually a week, and sellers received 100 percent of the asking price.

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

For more information about other courses and programs, please visit the online learning portal from NAR’s Center for REALTOR® Development (CRD) and the Learning Library. Here, real estate professionals can sign up for online professional development courses, industry designations, certifications, CE credits, Code of Ethics programs and more. NAR’s CRD also offers monthly specials and important education updates. New users will need to register for an account.




Jason Grace is AZ Social Realty's content editor. Email him your real estate news ideas at jason@cashbuyerslists.com.







CashBuyersLists.com Please like, comment and share. Thank you.

7 Easiest Ways to Get Into Real Estate Investing

7 Easiest Ways to Get Into Real Estate Investing

RECBL - Real Estate News

(TNS)-Only 15 percent of Americans are investing in real estate other than their primary residence, according to a real estate investing study by RealtyShares. In fact, two-thirds of Americans believe that investing in real estate is too difficult, too costly or beyond their capabilities. This might be true if they were considering commercial real estate investing, which can be a risky move for new investors, but there are safer options.

What Is Real Estate Investing?
Investing in real estate means buying property to earn income and build wealth, either on your own or with the help of real estate investment companies.

Many investors own more than one property, and their earnings include rent paid by tenants and the equity they build through appreciation. Investment property owners have different tax considerations for their investment properties than they do for their primary residence.

Investing in real estate doesn’t have to be intimidating. Here are seven ways to start investing in real estate now:

Rental Properties
Buying rental property is one way to get started in real estate investing. Buying a rental property starts with choosing the right property, and then finding renters, maintaining the property, dealing with tenants and collecting rent each month.

One stumbling block might be locating an affordable property worth investing in.

"Traditional real estate investing is alive and well, although it’s largely dependent on geography," says Aaron Milledge, founding partner and chief compliance officer of Targeted Wealth Solutions, LLC. "In some places, home prices have appreciated so much that it may be difficult to find a lucrative deal."

Rental properties not only provide rental income, but also tax benefits not available with other investment opportunities. An additional advantage is that you have more control over your rental property than you do over investments such as the stock market.

Live-In Flips
House flipping involves buying a property at a discount, improving it for the purpose of appreciating its value, and then selling it at a profit. A live-in flip is a property the investor lives in while renovating it.

Living in your flip benefits you in two ways: First, you can make money when you sell the house later; second, you avoid having to pay for a separate home to live in.

"Flipping a house-acquiring, repairs, and selling can be completed in six months and result in a substantial payday," says Lucas Machado, real estate investor and founder of Home Heroes, LLC. "Flips can earn tens of thousands of dollars in a short time frame. It’s the best strategy for those that need capital in the near future."

Multifamily Homes
Multifamily properties are buildings which house more than one family. The fact people always need a place to live results in consistent demand for rental units, regardless of the overall economic environment.

Investing in multifamily homes can be lucrative if it’s done properly. Justin Taber, real estate investor and a licensed REALTOR(R) in Ohio, recommends living onsite.

"While you live in this property, you will be living either for free or heavily subsidized by renters," Taber says. "When you move out, you will be making money. In about 30 years, once this property is paid off, your cash flow will be quite substantial-just in time for you to start thinking about retirement."

Crowd funding
Crowd funding is one of the newest and easiest ways to access the real estate markets. Rather than buying an entire property or financing a development project on your own, you can buy into a very small share of a property or project using a real estate crowd funding platform.

Not all platforms are created equal. Look for one led by real estate professionals qualified to screen investments. From there, you can choose which specific real estate investments you want to buy into. Distribution of future gains is proportionally based on the ownership shares investors purchased.

"These private placements are illiquid, though, meaning that you may have a hard time selling your investment if you need to raise cash quickly," says Milledge.

REITs
Real estate investment trusts (REITs) are a special form of security that invests in real estate. Unlike most other investment vehicles, REITs must pay out at least 90 percent of their taxable income as dividends to investors. When you invest in a REIT, you’re essentially paying a professional management team to do the work of investing your money in real estate while you reap the profits of REITs.

REITs are an easy way to invest in real estate because you don’t need tons of money.

"The initial contribution to invest in a REIT is very low," says John Barnes, certified financial planner and founder of The Annuity Assistant. "For example, you could buy shares of a REIT which manages apartment complexes for $500. Contrast this with a direct purchase in an apartment building, which might cost you $500,000, and the many risks that go with it."

Real Estate Wholesaling
Real estate wholesaling is when there is a middleman involved in the transaction between the seller and the buyer, with the wholesaler serving as the middleman.

Kyle Alfriend, owner of a real estate business in Ohio, sums up what it’s like to be the middleman: "You focus on only finding the property, negotiating the price, and then selling that agreement to another investor. This is called wholesaling and requires no out-of-pocket money from you."

The fine line of separation between real estate wholesaling, which doesn’t require a real estate license, and real estate brokering, which does require a license, has led some states to set guidelines for wholesaling activities. Texas law, for example, requires that unlicensed wholesalers disclose their financial interest to prospective buyers.

Rent Out a Space in Your Home or on Your Property
Renting out part of your home or property is probably the most immediately lucrative investment you can make, and you won’t need outside funding or a new piece of property. Instead, find opportunities within the property you already own.

Perhaps you’re a homeowner with a garage apartment that only needs a bit of TLC to make it ready for renters, pr maybe you have a spare room in your home that’s sitting empty. With a little bit of money up front, you can start renting it to a tenant almost immediately. Alternatively, advertise the room as a vacation rental on an online booking site such as Airbnb.

Michael McDonald contributed to the reporting for this article.

(C)2017 GOBankingRates.com, a ConsumerTrack web property
Distributed by Tribune Content Agency, LLC
Source: American Home Shield(R)

CashBuyersLists.com                                                           Please like, comment and share.  Thank you.

What Is a Seller Counseling Session?

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.

CashBuyersLists.com                                           Please like, comment and share.  Thank you.

Smart Home Technology Is the Smart Way to Sell

Smart Home Technology Is the Smart Way to Sell

RECBL - Real Estate News

Potential homebuyers are looking to buy smart, even if they have to pay more to do it.

Buying "smart" means purchasing a home with pre-installed smart home technology; a trend which is reinvigorating real estate.

Smart technology refers to devices that are connected to the internet and can be controlled and monitored from any location via your smartphone, tablet or computer.

From single mothers to married couples entering retirement, owners of smart homes spend less time and energy managing their homes and more of their valuable resources on career goals, personal relationships, daily tasks and hobbies. Studies predict that smart homes will be the norm by 2020, and real estate agents need to be well-versed.

According to a recent survey, the four main categories of smart products that are important to homebuyers are security (e.g., locks and alarm systems); temperature (e.g., thermostats and fans); lighting (e.g., light bulbs and lighting systems); and safety (e.g., fire/carbon monoxide detectors and nightlights).

Homebuyers across the board are most attracted to smart security and temperature. According to the report, Americans prefer security and temperature over smart appliances and entertainment. Older generations are more likely to have these types of smart home technology: 40 percent of homeowners over 65 years of age have smart temperature products, compared to 25 percent of millennials.

Potential homebuyers of all ages and genders are interested in smart home technology. In fact, 45 percent of Americans either have smart home devices or plan to incorporate them. Of respondents who said they have smart products in their homes, 43 percent are millennials, 33 percent are between 33 and 54 years of age, and 24 percent are 55 and older. Of these, 57 percent are male and 43 percent are female.

Agents looking to work with smart homes need to pay close attention to women homebuyers, a fast-growing segment. Smart home technology may be a valuable resource for increasing women’s homeownership, as single women-especially those with families-will be attracted to owning a home that makes their lives easier and makes them feel safe.

Not only are smart homes safer, but they also have high value. Homebuyers and sellers are willing to pay more for homes with smart technology. Fifty-four percent of homeowners said they would install smart home products if doing so would ensure they could sell their homes faster. Of these, 65 percent said they would pay $1,500 or more. For millennials, this number increases to 72 percent.

Real estate agents can utilize this information in selling homes at a faster rate and higher price to potential homebuyers who understand the value of smart homes. Make sure the homes you sell are equipped with eye-catching smart technology, and communicate to potential buyers the increased value these devices bring to their home and the safety they bring to their families.

DesirEe Patno is president and CEO of the National Association of Women in Real Estate Businesses (NAWRB).

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

CashBuyersLists.com                                                                               Please like, comment and share.  Thank you.

Millennial Homebuyers? Biggest generation in U.S. History

Millennial Homebuyers? Biggest generation in U.S. History

RECBL - Real Estate News

Millennials are the biggest generation in U.S. history, even surpassing baby boomers in numbers. Already, they make up 34 percent of all homebuyers-and as they get older, make more money and start families, that figure will grow. In fact, Census Bureau data projects household formation will average about 1.5 million per year through 2020. To attract millennial homebuyers to do business with you, it’s important to understand three things: how millennials look for homes, what they want in their homes, and what they want to see on real estate websites.

How Do Millennials Find Homes?
The millennial home search begins online. According to the National Association of REALTORS(R) (NAR), some 93 percent of millennial homebuyers "frequently" use the internet when searching for homes. More than half of millennial homebuyers find the home they ultimately purchase online. NAR also reports:

• 99 percent of millennial homebuyers use online websites to look for homes;

• 86 percent of millennial homebuyers use a mobile website or app in their search process; and

• 58 percent of millennial homebuyers find their home through mobile search.

In short, get the attention of millennial homebuyers with an appealing website that’s equally attractive on desktop and mobile devices.

What Do Millennials Want in a Home?
Millennials want different things than their parents or older siblings want from a home. Here’s what a recent survey found:

Technology: New appliances are the single most important feature millennials look for in a home, cited by 75 percent of respondents. Almost half (47 percent) want solar panels or other energy-storage features, while 38 percent want smart home systems.

Space: Millennials don’t need the biggest lot on the block (less than one-fourth want one acre-plus properties); however, they do like plenty of space inside the home. Sixty-two percent want a big master bedroom, 54 percent want a two-car garage, and 41 percent want a finished basement.

Luxury: Luxury outdoor upgrades such as outdoor Jacuzzis or three-car garages aren’t high on millennials priority lists; however, almost half want a luxury kitchen and hardwood or stone flooring.

It’s important to include all details in your listings, but focus first on those that matter most to millennials. Highlighting key features in your listings and using them as keywords on your website will boost your SEO.

What Do Millennials Want to See on Real Estate Websites?
Driving millennial homebuyers to your real estate website is only the first step. You’ve also got to make sure your website contains the content they look for when searching for a home. A whopping 91 percent of millennials surveyed by NAR say photos are the most important feature on a real estate website. Accordingly, make sure your website has plenty of appealing photos of available homes from all possible angles (the more, the better).

Almost as important as photos is detailed property information, cited by 88 percent of millennials. Accordingly, your real estate website must be regularly updated with property data. Once a day is OK, once an hour is better-but having this content update in real-time is ideal.

Finally, neighborhood information is important to nearly half of millennial homebuyers. Creating landing pages for every city, county and neighborhood in your MLS can address this need, as long as the landing pages are filled with market statistics, images of the local area, and local school information. Again-having this content automatically update is key to prospect engagement.

Home, Sweet Home
Taking the time to understand what millennial homebuyers want from a home and how they search for homes can pay off big in attracting millennial home buying prospects, but how can you capitalize on this information? TORCHx is a great option-their best-in-class websites are designed to attract this group through mobile and SEO-optimized property pages that automatically update with content millennials look for.

​Jesse Friedman co-founded TORCHx in 2013 and has built the premium digital marketing platform into a leading solution for real estate brokers and agents. Friedman is a serial entrepreneur with a strong history in real estate marketing and advertising.

To learn more about TORCHx, please visit torchx.com or request a free demo of the platform.

CashBuyersLists.com                                                                                  Please like, comment and share.  Thank you.

How to Attract Millennial Homebuyers

How to Attract Millennial Homebuyers

RECBL - Real Estate News

Millennials are getting the brunt of the blame for killing many industries that were supported by previous generations but, as it turns out, the real estate industry is alive and well.

Understanding what millennials are looking for in a potential home is imperative if you want to succeed as a real estate professional, as more millennials are starting to search for their first home. Taking certain actions can give you an edge in attracting the millennial market.

Highlight the Flexibility of Open Spaces
If millennials are one thing, its indecisive. They’ve grown up with the idea that they can go anywhere and do anything. The trouble is that they want it all and can be fickle about where to settle. They may enter the home-buying market several times before they seal the deal. What if there’s a career change? Are kids in the future or not? Maybe the contract job (and the regular income) will dry up. To close the deal with a millennial buyer, you have to show off, for example, how the spare room can be used either as an office or as a nursery. It can even be used to generate income by renting it out on space-sharing apps or to a regular renter.

Sell the Potential of Genuine Fixer-Uppers
Saddled with debt and settled in lower-paying jobs, most millennials can’t afford much more than a small, basic house. They understand that there is a potential value in a bigger home in questionable condition, though. Armed with confidence and education (and home-flipping reruns on TV), they are often open to investing in fixer-uppers. In a market where another agent is a text message away from a skeptical millennial, don’t lose the trust of a potential buyer by trying to sell a lemon.

Balance Eco-Friendly Features With Home Automation
If you want to catch the attention of the growing millennial market, showcase how eco-friendly and smart the property is (or can be)! Be sure that a high-speed internet connection is available; if not, research an alternative. Exchange appliances that are not energy-efficient for ones with smart features. Being green is just as important, so consider advising the seller to invest in solar panels. Also, be ready to show off the outdoor living and gardening space.

Voice-recognized smart home devices from major tech companies are taking over home features. Demonstrate ways that the home can be fully automated with the right products and efforts. Consider featuring safety devices like security cameras or doorbell cameras that are tied into a smartphone app. Smart thermostats are becoming the norm as well, even in rented spaces.

Focus on the Convenience of the Location
The character of the home and neighborhood matters to millennials, so point them to quaint communities, local small businesses, and art districts. They tend to work outside of the formerly typical nine-to-five, so routine meals go by the wayside. Proximity to restaurants and delivery options is important. Also, many millennials enjoy non-motor transportation, as well, so distance from work hubs matters.

Since they also need to be able to afford it, a home in the suburbs may be necessary. If a home is located where a commute would be a necessity, be ready to provide travel times, fastest routes, and multitasking ideas like listening to podcasts or staying current on the latest news on NPR.

Assure the Simplicity of It All
Millennials pride themselves in not wanting to "adult." Growing up, they weren’t involved in home projects outside of routine chores and many are often not concerned with home skills that were once considered common. Draw millennials in with properties that come with amenities such as lawn maintenance or consolidated billing, but do avoid demanding homeowners associations. Update exterior features that require regular maintenance (a shingle roof to a metal roof, for example).

Prepare your buyers with the knowledge that will give them the confidence to close. Have a website or print-out of information that will let them know what to expect in terms of processes and costs of services related to purchasing a home. Millennials will close much more readily when they understand the system.

CashBuyersLists.com                                                                                   Please like, comment and share.  Thank you.

Home Sellers Are Making Bank in Today's Market

Home Sellers Are Making Bank in Today's Market

RECBL - Real Estate News

Home sellers are making bank in today’s market, realizing a 24.1 percent, or $39,900, gain in 2016, according to a recent analysis by Zillow.

Sellers on the West Coast - where home prices have rocketed since the recession - saw higher returns, with those in Oakland, Calif., taking home the most at 78 percent, or $235,000.

Duration is key. The average seller turning a $39,900 profit, the analysis shows, held on to their home for seven years and five months. The average seller in Oakland hung on to their home for seven years and three months.

The top 10 markets

"The housing market can change a lot in 10 years, and you see that reflected in the top 10 list," says Dr. Svenja Gudell, chief economist at Zillow. "Buying a home is one of the biggest financial decisions people will make in their lifetime, and it really paid off for sellers in these cities. Every city on this list has been growing extremely fast over the past decade, with the majority passing peak home value hit during the housing bubble."

The ability to amass wealth over the long term makes real estate the No. 1 investment for most Americans, despite proven results from stocks and other vehicles.

"It’s extremely difficult to time the market, but if you’re a longtime homeowner in one of these cities, you could potentially see a great return on your investment," Gudell says.

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

CashBuyersLists.com                                                                                   Please like, comment and share.  Thank you.

Get in Early on Emerging Neighborhoods

Get in Early on Emerging Neighborhoods

RECBL - Real Estate News

Buying in a hot housing market while prices are reasonable is a sure ticket to wealth. Analysts at GOBankingRates recently spotlighted 20 up-and-comers.

The top 10 are:

1. Jungle Terrace - St. Petersburg, Florida
Median List Price (as of July 2017): $239,900
Price Change Year-Over-Year: +44.5 percent

2. Beacon Hill - Seattle, Washington
Median List Price: $569,995
Price Change Y-O-Y: +31.2 percent

3. Point Breeze - Philadelphia, Pennsylvania
Median List Price: $295,000
Price Change Y-O-Y: +40.5 percent

4. Heather Gardens - Denver, Colorado
Median List Price: $278,750
Price Change Y-O-Y: +27.3 percent

5. Pinehurst - Seattle, Washington
Median List Price: $350,000
Price Change Y-O-Y: +24.8 percent

6. Hazelwood - Portland, Oregon
Median List Price: $324,450
Price Change Y-O-Y: +22.4 percent

7. Twin Lakes - Las Vegas, Nevada
Median List Price: $182,450
Price Change Y-O-Y: +41 percent

8. Fairgrounds - Indianapolis, Indiana
Median List Price: $179,900
Price Change Y-O-Y: +29 percent

9. Bayside West - Tampa, Florida
Median List Price: $229,900
Price Change Y-O-Y: +32 percent

10. Highland Hills - San Antonio, Texas
Median List Price: $135,000
Price Change Y-O-Y: +35.3 percent

Source: GOBankingRates

CashBuyersLists.com                                                                                       Please like, comment and share.  Thank you.

Existing-Home Sales Bloom After Rainy April

Existing-Home Sales Bloom After Rainy April

Existing-home sales bloomed in May after a rainy April, with the median days on market at a new low and the median sales price at a new high, the National Association of REALTORS(R) (NAR) reports.

Existing-home sales totaled 5.62 million, a 1.1 percent increase from April and a 2.7 percent increase from one year prior. Inventory increased 2.1 percent to 1.96 million-though still 8.4 percent below one year prior.

"The job market in most of the country is healthy and the recent downward trend in mortgage rates continues to keep buyer interest at a robust level," says Lawrence Yun, chief economist at NAR.

"Those able to close on a home last month are probably feeling both happy and relieved. Listings in the affordable price range are scarce, homes are coming off the market at an extremely fast pace and the prevalence of multiple offers in some markets are pushing prices higher."

Inventory is currently at a 4.2-month supply. Existing homes averaged 27 days on market in May, two fewer days than in April and five fewer days than one year prior. Non-distressed homes took 27 days to sell. All told, 55 percent of homes sold in May were on the market for less than one month.

"The bottom line is that there are fewer homes on the market, and they are selling faster," says Joseph Kirchner, senior economist at realtor.com(R). "Tightening supplies have caused steady price growth in the existing-home market; sales are up 2.7 percent since May 2016. In fact, the supply of homes on the market fell from 4.7 months worth last May to 4.2 months last month.

"With new and existing supply failing to catch up with demand, several markets this summer will continue to see homes going under contract at this remarkably fast pace of under a month," Yun says.

"This is a strong market for sellers, which is good news for people who are downsizing or settling an estate," Kirchner says. "It’s bad news for millennials, first-time buyers or second-time buyers looking to upsize for that baby on the way."

The metropolitan areas with the fewest days on market in May, according to data from realtor.com, were Seattle-Tacoma Bellevue, Wash. (20 days); San Francisco-Oakland-Hayward, Calif. (24 days); San Jose-Sunnyvale-Santa Clara, Calif. (25 days); and Salt Lake City, Utah, and Ogden-Clearfield, Utah (both at 26 days).

The median existing-home price for all types of houses (single-family, condo, co-op and townhome), at the same time, was $252,800-a 5.8 percent increase from one year prior. The median price for a single-family existing home was $254,600, while the median price for an existing condo was $238,700.

"Home prices keep chugging along at a pace that is not sustainable in the long run," says Yun. "Current demand levels indicate sales should be stronger, but its clear some would-be buyers are having to delay or postpone their home search because low supply is leading to worsening affordability conditions."

Single-family existing-home sales came in at 4.98 million in May, a 1 percent increase from 4.93 million in April and a 2.7 percent increase from 4.85 million one year prior. Existing condo and co-op sales came in at 640,000, a 1.6 percent increase from April and a 3.2 percent increase from one year prior.

Twenty-two percent of existing-home sales in May were all-cash, with 16 percent by individual investors. Five percent were distressed.

Existing-home sales in the Northeast rose 6.8 percent to 780,000, with a median price of $281,300. Existing-home sales in the West rose, as well, 3.4 percent to 1.22 million, with a median price of $368,800. Existing-home sales in the South also rose, 2.2 percent to 2.34 million, with a median price of $221,900. Existing-home sales in the
Midwest fell 5.9 percent to 1.28 million, with a median price of $203,900.

For more information, please visit www.nar.realtor.




CashBuyersLists.com                                                                                           Please like, comment and share

Housing Starts Again Disappoint in May

Housing Starts Again Disappoint in May

Home-building activity again disappointed in May, below expectations with housing starts down 5.5 percent to a rate of 1,092,000, according to the latest data from the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). Single-family housing starts decreased 3.9 percent to 826,000. Starts for units in buildings with five units or more came in at 284,000.

Permits also fell short, down 4.9 percent from April to 1,228,000, according to the data. Single-family permits decreased 1.9 percent from April to 779,000. Permits for units in buildings with five units or more came in at 358,000.

Completions, however, totaled 1,164,000 in May, rising 5.6 percent. Single-family completions increased 4.9 percent from April to 817,000. Completions for units in buildings with five units or more came in at 335,000.

"Even though housing starts fell in May, the good news for buyers is that the number of completed new homes is up," says Joseph Kirchner, senior economist at realtor.com(R). "With completions up 5.6 percent from last month and 14.6 percent from a year ago, these new homes prevent the number of properties the market from falling too rapidly. 

Unfortunately, it is probably not enough to stem the steady decline of homes for sale that is contributing to accelerating prices and bidding wars across the country. The shortage of homes is so acute at the low end of the price range that it is affecting overall sales of new and existing homes.

Compared to a year ago, the sales of properties under $250,000, which is approximately the current median price, fell 9 percent, but rose 8 percent for properties above $250,000. As prices continue to go up, millennials, who make up the largest segment of buyers, will find it more difficult to take the homeownership plunge."

"[This] report is consistent with builder sentiment in the housing market, indicating some weakness after a strong start the year," said Granger MacDonald, chairman of the National Association of Home Builders (NAHB), in a statement. "Ongoing job growth, rising demand and low mortgage rates should keep the single-family sector moving forward this year, even as builders deal with ongoing shortages of lots and labor."

Source: U.S. Census Bureau


CashBuyersLists.com                                                                     Please like, comment and share

Home Equity Major Retirement Asset for Most

Home Equity Major Retirement Asset for Most

Cash Buyers Lists News

One of the most significant advantages of owning a home is the ability to build wealth-and according to a recent report from the Employee Benefit Research Institute (EBRI), home equity is one of the top two assets households rely on in retirement, barring pension or Social Security benefits.

The report, "Importance of Individual Account Retirement Plans and Home Equity in Family Total Wealth," compared assets in households headed by those between the ages of 25 and 64, computing the share of assets comprised of home equity and retirement plans (e.g., 401(k), IRA)-the other key source of income in retirement.

The median share was 78.2 percent, and even higher when focused in on the 55-64 age range: 87.4 percent.  "The data show that it is overwhelmingly the case that individual account (IA) retirement plan assets, plus home equity, represent almost all of what families have to use for retirement expenses outside of Social Security and traditional pensions," said Craig Copeland, author of the report and senior research associate at EBRI, in a release.

Markedly, the presence of an IA can be an indicator of a households assets overall. More than three-quarters (79.6 percent) of households without an IA have less than $10,000 in assets, according to the report, suggesting some link between having an IA and owning a home.

"Those families without IA assets typically have very low overall assets, so they have almost nothing to draw from for retirement expenses (outside of Social Security)," Copeland said.

Source: Employee Benefit Research Institute (EBRI)

CashBuyersLists.com                                                        Please like, comment and share

Verified Real Estate Leads - www.reEquityFinder.com

Are you tired of looking for real estate leads only to find real estate lead generating systems?
Are you tired of looking for real estate leads with established equity without having any luck?
Are you tired of driving around looking for vacant properties?

RE Equity Finders provides verified real estate equity leads for real estate investments to real estate brokers, real estate agents, real estate wholesalers and real estate investors for real estate sales.

RE Equity Finders provides leads for the following areas:

• Cash Buyer Leads
• Property Leads with Equity
• Vacant Properties
• MLS properties
• Pre-foreclosures and Foreclosures
• Free and Clear properties

REEquityFinder.com provides real estate leads with owner's contact information including email addresses and phone numbers.

This is NOT a system you have to implement, this "IS" our system.
This is NOT software you have to buy, this “IS” our software.
This is NOT additional work on your part, this “IS” our additional work.

Don't spend thousands of dollars on real estate lead generating systems.

Get verified real estate leads to help kick start your real estate business, NOW!

REEQUITYFINDER.COM                                           Please like, comment and share

International Homebuyers Have More Impact on High-End Market

International Homebuyers Have More Impact on High-End Market

Cash Buyers List News

​International homebuyers have more impact on the high-end housing market than on the general housing market, according to the latest Zillow Home Price Expectations Survey for the second quarter of 2017, which surveyed over 100 housing authorities.

Those surveyed reported that though international buyers have a major effect on home values in the luxury market, they have only a minor effect on supply and values overall.

"International buyers are popular scapegoats for rising real estate prices and shrinking inventory, but domestic factors have had a bigger influence on the housing market, much more so than demand from overseas," says Dr. Svenja Gudell, chief economist at Zillow. "Older millennials are reaching prime home-buying age, increasing demand for housing, but we are still well behind historical norms when it comes to building new homes. The fact that economists and experts are revising their expectations upward for future home value growth is a sign that these trends will continue to exert upward pressure on prices going forward."

The majority of those surveyed foresaw international buying activity to either remain at its current pace or slow in the year ahead. Many agreed, also, that recent steps taken by several cities to cap international home-buying will be ineffective at preserving affordability.

Those surveyed, in addition, amended their previous home price forecast, now believing prices will post 4.8 percent growth in 2017-up from 3.4 percent one year ago.

"On the heels of last year’s nearly 7 percent national home value appreciation rate, the prospect that prices will increase less than 5 percent overall this year might be dispiriting to some," says Terry Loebs, founder of Pulsenomics, conductor of the survey. "Yet, 4.8 percent is not only well above the historical average annual gain; it's the most optimistic projection for 2017 that we've seen from our expert panel over the past five years."

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

CashBuyersLists.com                                                       Please like, comment and share

More homeowners cashing in on their new housing wealth

More homeowners cashing in on their new housing wealth

More homeowners cashing in on their new housing wealth
#realestate #cashbuyerslists #home #owner #cash #housing #wealth #piggy #bank #value #investment

Homeowners are opening their favorite piggy bank again — their homes. As home values rise faster than expected, that increased homeowner wealth suddenly seems more enticing. It's showing up in big remodeling growth and higher profits for retailers like Home Depot and Lowe's, but it also serves as a warning sign. Now, as millions of borrowers come up from underwater on their home loans and many more see their home values jump sizably on paper, borrowing more is back in favor.
Read More> http://bit.ly/RECBL-March7




CashBuyersLists.com                                                     Please Like, Comment and Share

Real Estate March Madness

Real Estate March Madness

Cash Buyers Lists MARCH MADNESS 2 FOR 1
#realestate #cashbuyerslists #leads #free #march #madness#marchmadness #2for1 #realestateleads


March Madness is here! For the month of March 2017 Cash Buyers Lists will provide 2 for 1 real estate cash buyer leads for any U.S. city in any U.S. State. When you purchase any real estate cash buyer's list packages (not including Investor Package) you will be able to receive a second package at no additional cost. After your purchase, when submitting your request for your cash buyers list please enter promotion code MARCHMADNESS...
Learn More> http://bit.ly/RECBL-MarchMadness2For1


CashBuyersLists.com