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Tips & Advice

Found 88 blog entries about Tips & Advice.

Serving the Client 

 -The Process-

We are currently in the Advisory stage of consulting with a prospective client who has plans to list their home for sale. Before we can determine if this partnership is a good fit for both Client and Broker, we have some homework to do. Contrary to popular belief in the industry, one size does NOT fit all. Upon collecting all the pertinent data relevant to the property as well as the local market in which it is located, we perform the necessary analysis to ensure that our assessment of this opportunity is in alignment with the client's goals and expectations. Once this task is completed, we are guided by the necessary data to advise all potential clients on what we believe to be the wisest path forward to achieve

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The costs of owning a property go far beyond making a monthly mortgage payment. The costs of owning a home, especially by first time owners, can be a shock after realizing that owning a home is much more expensive than anticipated. 

Residential Carrying Costs are also known as “Holding Costs”  and can include the following:

  • Mortgage Principle

  • Mortgage Interest

  • Taxes

  • Insurances

  • Homeowner Association Fees

  • Costs of maintenance, upkeep, and upgrades

  • Utilities

It is important for homeowners to understand the cost of ownership and the impact on their discretionary income. Carrying Cost Calculators are important for potential buyers as well as helping sellers to determine the true costs

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Unlike the stock market, where most people understand and accept the risk that prices may fall, most people who buy a house don't ever think that the value of their home will ever decrease.

The housing market, like other assets, is susceptible to unsustainable gains, and bubbles are formed over time even though many people feel it is a sure bet for growth.  That's because of the large transaction costs associated with purchasing a home, not to mention the carrying costs of owning and maintaining a home discourage speculative behavior. However, housing markets do go through periods of irrational exuberance.

This article will help to explain real estate cycles, triggers that cause them, and why consumers should be cognizant of the forces at play

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English majors in college are commonly put through a curriculum that requires reading some of the world’s classic novels and discerning what makes them so. One measure of a great novel is that the reader can see the entirety of the narrative in its first pages. The theme, tone and structure of the early pages of the book foreshadow what is to come. Simply stated, every part of the book leads to the whole and you can absorb this message from every part. Imagine if that were the case right now? We would think in ‘stories’ and write our own.  

Congress is unveiling a proposal that would give most Americans a monthly payment of $2,000 until the coronavirus pandemic begins to fade. This is profoundly necessary relief for those of us who cannot safely

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Black Swan Event · This Time Is Different · The New Normal is Not Normal · Time To Rethink Your Career · This Is What Happens When Change Happens · 30 Million Americans Are Unemployed in 6 Weeks · How To Do Business From Home · Why Fi ? · Our Country Is In A Leadership Vacuum · The Stock Market Is Disconnected From Reality · Become The Best At Serving Your Sphere of Influence · Just Do Something · Circumstances + Attitude = Outcome · Awaken Possibilities Again · Resist The Urge To Do Nothing · Now Is The Chance You’ve Always Wanted · Strike While The Iron Is Cold · The New Normal Is Not New Or Normal · What To Do With What Is Left · Now Your Job Is To Live Out Your Greatest Potential · Growth Is Still There, It’s Just Not In The Same Places As Before ·

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Salespeople are typically focused on being transactional and closing more deals. Fiduciaries use a consultative approach, putting a client’s best interest in mind even if it means disclosing info that will kill a deal. Fiduciaries won’t place their commissions before your best interest. Unfortunately, many agents in our market are experienced at selling themselves. The real estate industry over the years has become less about the customer and more about the number of transactions an agent closes.  Some of the blame can be directly correlated to real estate coaching which has become big business and focuses on “Closing the Deal” as opposed to solving a client’s problem.  Big Real Estate coaching companies train agents to become adept at answering common

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Happy Earth Day!! We must preserve our beautiful planet! Here are a few eco-friendly tips that you can follow to make a contribution to our planet!

  1. ALWAYS RECYCLE!
  2. Shop with reusable bags
  3. Walk or Bike to where you need to go
  4. Do errands together/car pool
  5. Get a filter to drink tap water
  6. Buy only what you need for less waste
  7. Use vegetable scraps to make vegetable stock or use to compost
  8. Use energy-efficient lightbulbs and turn off lights when not in use
  9. Donate your old clothes and home goods instead of throwing them out. When you need something, consider buying used items
  10. Use environmentally-friendly, non-toxic cleaning products

These are only a FEW ideas out of so many! What are some ways that you help our

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Written by Zat Rana, author at Design Luck

In 1993, Joan Ginther won a $5.4 million Texas Lotto jackpot.

More than a decade later, Ginther walked home with another multi-million dollar payday in 2006. She did it again in 2008, and once more in 2010.

Her combined winnings? More than $20 million. Odds of her winning the fourth multi-million dollar jackpot? One in 18 septillion.

A septillion is a one followed by 24 zeroes. The universe contains up to one septillion stars, and if you add up each grain of sand on Earth, you still get a smaller number. It’s fair to say that, statistically, it shouldn’t have happened.

How did Ginther do it?

She refuses to talk about it. For all we know, she may have cheated or it could have been pure luck.

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What’s the Difference Between a Seller’s Market and a Buyer’s Market? As we begin 2019, if you are about to start looking for a home, you may come upon these terms. Beyond a simple definition for each of these, it is very important to know the different factors that define each, and how the different markets can impact a buyer.  This article will examine these areas.

Seller’s Market Defined

A seller’s market exists when there are many more buyers seeking to purchase than there are homes available on the market. Stated differently, there are less houses available to satisfy a larger pool of buyers in the marketplace. This lack of listing inventory leads to rapid (at times excessive) price appreciation, very quick closings, many cash buyers,

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 Chances are good your buyers are not approved at all…they’ve only been pre-qualified

Shocking headline, isn’t it?  Hard to hear the truth sometimes, but I am going to tell you that in my experience, the bulk of Pre-Approval letters being given to Real Estate agents by Loan Originators are just plain worthless.  They are being written to get the buyers a house, but the protection/reassurance the seller is looking for that tells them the buyers really are qualified does not exist.  Welcome to Fantasy Island.

My intention in writing this is two-fold: first, to let you know about this situation, and second, to give you some suggestions for getting a comfort letter that is worth the paper it is printed on.

Frequently a Realtor will refer me one of

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