Wednesday, April 30, 2014

Is there a discount broker in your future?

With all of the great things a discount broker can provide, it is good to hear what our brokers are saying about Homes & Equity Real Estate Group.

 

 

I have been in the real estate industry for over 19 years. During that time I have worked for two other real estate firms and it was a great surprise to find Max and Renee who run Homes & Equity Group in Bellevue. Both Max and Renee understand the needs of agents who work in this fast-paced and rather stressful business, and have a full understanding of what it takes to make for an effective work environment for agents and their assistants.

 

Both of them provide a great service and are fluid in all facets of this business. They provide legal advice, fast and reliable tech support, cutting edge understanding of online systems that make an agent’s work more mobile and accessible, and are constantly on hand and helpful for any real estate questions an agent might run into, a rarity in this industry.

 

Scott Townsend

Relocation Specialist with Microsoft Relocation

 

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  

Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Free brainstorming sessions to increase your business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

Call Max Nasab at: 206-719-2694

Are Buyers Too Afraid of Mortgage Rejection?

Daily Real Estate News | Monday, April 28, 2014

 

Fifty-six percent of all potential home buyers—those who want to buy a home within the next 24 months—say they’re waiting to purchase because they fear being rejected by lenders. What’s more, 30 percent of current home owners say they don’t think they could qualify for another loan, according to a national consumer survey of more than 1,000 Americans by the firm OmniTel.

The survey also found that 74 percent of potential buyers who need a mortgage say they have not taken the steps to qualify or investigated the mortgage process yet. The survey showed that many potential buyers believe they need nearly perfect credit scores to qualify for a mortgage today. Eighteen percent say they believe borrowers need a minimum FICO score of 770 or higher to qualify. Also, about a third of potential buyers say they believe their debt-to-income ratios are too high to qualify.

But these fears may be overblown. Ellie Mae, which provides a loan origination and tracking software for the mortgage industry, says that 33 percent of all new loans in March had borrower FICO scores below 700. The percentage has been growing, too—a year ago it was 27 percent. The Federal Housing Administration insured loans with average FICO scores of 684 in March. For conventional mortgages, the average remains higher at 755, but is down from 759 a year ago.

Debt-to-income ratios aren’t as strict as most potential buyers believe either. FHA’s average ratio in March for purchase loans was 28 percent; Fannie Mae- and Freddie Mac-backed loans averaged 22 percent, according to Ellie Mae data.

To find out how soon a buyer can purchase a new home after a short sale, foreclosure or bankruptcy get the informational flyer at our website at:  http://realestatebrokerconnection.com/sales-materials/

 

 

3 Reasons to Sell Your Home this Spring

by on in

 

Many sellers are still hesitant about putting their house up for sale. Where are prices headed? Where are interest rates headed? These are all valid questions. However, there are several reasons to sell your home sooner rather than later. Here are three of those reasons.

 

1. Demand is about to skyrocket

Most people realize that the housing market is hottest from April through June. The most serious buyers are well aware of this and, for that reason, come out in early spring in order to beat the heavy competition. We also have a pent-up demand as many buyers pushed off their home search this winter because of extreme weather. Sellers in markets where seasonal weather is never an issue must realize that buyers relocating to their region will increase dramatically this spring as these purchasers finally decide to escape the freezing temperatures of the winters in the north.

These buyers are ready, willing and able to buy…and are in the market right now!

2. There Is Less Competition - For Now

Housing supply always grows from the spring through the early summer. Also, there has been a growing desire for many homeowners to move as they were unable to sell over the last few years because of a negative equity situation. Homeowners have seen a return to positive equity as prices increased over the last eighteen months. Many of these homes will be coming to the market in the near future.

The choices buyers have will continue to increase over the next few months. Don’t wait until all the other potential sellers in your market put their homes up for sale.

3. There Will Never Be a Better Time to Move-Up

If you are moving up to a larger, more expensive home, consider doing it now. Prices are projected to appreciate by approximately 4% this year and 8% by the end of 2015. If you are moving to a higher priced home, it will wind-up costing you more in raw dollars (both in down payment and mortgage payment) if you wait. You can also lock-in your 30 year housing expense with an interest rate at about 4.5% right now. Freddie Mac projects rates to be 5.1% by this time next year and 5.7% by the fourth quarter of 2015.

Moving up to a new home will be less expensive this spring than later this year or next year.

Read the complete article at: http://www.keepingcurrentmatters.com/2014/04/08/3-reasons-you-should-sell-your-home-this-spring/

Tuesday, April 29, 2014

For Your Retirement, Try Dollar Cost Averaging


For Your Retirement, Try Dollar Cost Averaging

Since you’re an independent contractor and have to manage your retirement on your own, you might consider taking an investment approach that goes by the name Dollar Cost Averaging. This term simply means you go into the investment market at the same time each month and buy a small increment of an asset at whatever the price is at that time, with the goal of evening out your average monthly investment cost over time.



From a risk-reduction standpoint, it’s worth considering, because even though your main risk comes from the asset you choose to invest in, you can minimize some risk by evening out the monthly price at which you buy.


An example is buying into a mutual fund at $50 on the first Monday of every month. One month you might pay $16 a share, the next month you might pay $20 a share, and the next month you might pay $24 a share. That averages out to $20 a share over three months. Now contrast that with an investment approach in which you buy into an asset only when you have some extra money. Let’s say you have a good month and you want to put $1,000 into a mutual fund. At the time you make your purchase, the stock price is $30, so your investment is $10 a share pricier than the average you’re paying taking the incremental approach.


To be sure, the stock price could be at a low at the time you invest, maybe $15 a share. That makes it a great time to buy, but that’s the result of fortuitous timing, not strategy. If you wait until you have a lump-sum to invest, you leave it to chance the stock price will be favorable.


In any case, dollar cost averaging is a simple concept but it can take a lot of the guesswork out of your retirement planning. Victoria Gillespie of REALTORS® Federal Credit Union, a division of Northwest Federal Credit Union, talks about this investment approach in REALTOR® Magazine’s latest Your Money Matters financial planning video.


Watch all the Your Money Matters videos:


ymm5-pic Watch the fifth video now.


Go to the fourth video now.


Go to the third video on credit unions.


Go to the second video on reserve accounts.


Go to the first video on taxes.





Good things are happening here

Really good things are happening here at Homes & Equity Real Estate Group.  Here is what our Brokers are saying about us.

 

I have been in the Real Estate industry since 1976.  In that 38 years, in four states,

New Orleans, LA, Atlanta, GA, Durango, CO and now Seattle, WA.  I relocated here for 20 years ago.

I can truly say that I have experienced many markets, company cultures and Brokerage relationships in my career.  Without a doubt, with no reservation Max Nasab and Renee have been a pleasure to work with.

Totally respect, great communication, and integrity have made it a great place to thrive and be successful.

 

Michelle Ebeling, Broker

SRES

Senior Real Estate Specialist

Kirkland Homes.Com Inc

Voted Best in clients satisfaction

Seattle Magazine

 

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  

Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Free brainstorming sessions to increase your business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

Call Max Nasab at: 206-719-2694

The FHA back to work program: A second chance for homeowners

Scott Sheldon

Image: BrianAJackson

A consumer who sold his or her home in a short sale or lost it in a foreclosure would normally have to wait 36 months to purchase a primary residence again with an FHA fixed-rate mortgage. However, the FHA Back to Work Program allows a buyer to purchase a primary home just 12 months after a foreclosure, short sale or a deed in lieu of foreclosure.

The program — which was announced in 2013, and extended through Sept. 30, 2016 — aims to fulfill a lofty goal: offering families a second chance at homeownership. The sticking point, however, is that you’ll need to specifically document the financial problems that caused you to forfeit your prior home in order to qualify.

How You Can Qualify

In order to qualify for the FHA Back to Work Program, you need to show that the loss of your previous home was truly due to circumstances beyond your control. Unfortunately, the program does not consider previous loan modifications, adjustable-rate loan recasting, inability to rent a previous income property, or even divorce to be sufficient enough reasons to qualify.

Loss of Income

You need to show a 20% loss of income or more for at least six consecutive months leading up to the event to qualify. For example, if the previous foreclosure, short sale or deed in lieu happened due to loss of income, you would meet this requirement if your pre-event income was $100,000, and dropped to $80,000 or lower for six consecutive months beforehand.

How to support your claim: The lender with whom you’re applying will order a verification of employment. The verification of employment would support the dates of when the loss of income occurred. Other supporting documentation would include lower year-to-date earnings with pay stubs within the dates your income dropped. W-2s and/or tax returns that show lower reported wages for that time frame will also meet the FHA requirement.

 

Read the whole story at: https://homes.yahoo.com/news/the-fha-back-to-work-program--a-second-chance-for-homeowners-194837459.html

 

 

Local woodworker wins all but one staircase award

By AUBREY COHEN, SEATTLEPI.COM STAFF

Published 4:58 pm, Wednesday, April 9, 2014

These days, modern designer staircases tend to be metal and glass. But a Seattle woodworker just won four of five Stairway Manufacturers' Association national awards for his creations.

"People often have a hard time appreciating it until they see it," Nathie Katzoff, owner of NK Woodworking, said on Wednesday. "They say, 'Oh my god. I never even thought about this. This would be great.'"

Katzoff trained as a shipwright in Maine. After starting his business, a friend who was building a house asked him to create a staircase.

"I fell in love with the complexity, the curvature in handrails and spiral stairs and the ability to be artistically expressive through stairs," he said. "Stairs can be the most sculptural element of a home."

Staircases are also functional, he added. "They're challenging. You have to do structural stuff that looks beautiful."

Most people who build wooden staircases use factory-made parts.

"We actually get logs and mill them up," Katzoff said. He gets much of the wood from local arborists or homeowners, saving it from being chipped or burned as firewood.

Katzoff uses a lot of maple, walnut and sapele (an African wood not available locally), and some elm.

 

See more pictures at: http://www.seattlepi.com/realestate/article/Local-woodworker-wins-all-but-one-staircase-award-5390037.php#photo-6142350

 

Monday, April 28, 2014

What is being said behind our backs

Look what is being said behind our backs by our Brokers.

 

I moved my license to Homes and Equity RE Group a year and a half ago and will tell those of you who are considering a change, this is an awesome company.

You keep all of your commission, they provide your signs, business cards, web site, and lock boxes so you have a very minimum out of pocket plus they also include your continuing hours.

Max is also one of the best mortgage brokers in the business along with his staff so you don't have to try and establish any other mortgage broker relationships which keeps your entire transaction in house so you can keep a better eye on your deals.

I have been in the business over 19 years and can say this is the best move I have made in my career.

Call me if you have any questions.

 

Mark Jennings
CDRS-CSSBR
REO Asset Development & Sales
Cell: 425.351.3572
Fax:425-401-0607

 

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  

Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Free brainstorming sessions to increase your business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

Call Max Nasab at: 206-719-2694

Refinancing? Why Your Bank May Not Be the Best Deal

By Claudine Zap April 24, 2014 3:03 PM

 

Planning to refinance your house? Figure you’ll make it easy by opting to refinance through your current mortgage holder? If yes, beware of offers too good to be true. Here’s what you need to know about your mortgage holder’s offer.

Those who have refinanced or bought a home since 2008 know all too well what it’s like to get a mortgage. The questions, and the need document every aspect of the credit, debt, income and assets, while all very important, nevertheless make the process challenging.

You’ll Still Need Documentation

A common pitch given to consumers is “Since your loan is already with us, your loan process will be made much easier.” However, the reality is that regardless of whether you refinance your home with your current mortgage holder or with a different company, you’ll need to provide tax returns, W-2s, pay stubs and bank statements. Pre-2014, it was possible to provide lighter documentation for lenders originating and selling loans directly to Fannie Mae and Freddie Mac. But the rules changed Jan. 10, requiring lenders to prove a consumer’s ability to repay by having an appropriate debt-to-income ratio, as well as providing full supporting financial documentation. In other words, since all lenders are going to require the same documentation, it’s not necessarily going to be easier with your current lender. A history of making on-time payments is not a substitute for documentation. Your current lender does not store your most recent tax returns or last month’s bank statements, which are needed to complete a refinance — especially if you bank with another financial institution.

You’ll Still Need an Appraisal (Probably)

There are two programs presently in place for homeowners wishing to refinance without the need for a new appraisal. An FHA Streamline Refinance – which is paying off one FHA Loan in exchange for a new FHA loan with a preferred interest rate – does not require an appraisal.

The Making Home Affordable Program (aka HARP 2.0) specifically states on a case-by-case basis, if the loan being paid off was taken on before June 1, 2009, and the loan is owned by Fannie Mae or Freddie Mac, a borrower has the possibility of refinancing without an appraisal. Otherwise, in a traditional refinance a home appraisal is required to determine the loan-to-value and the borrower’s ability qualify for the mortgage.

A Decision-Maker Will Still Be Involved

Usually, the loan package created by your loan officer is reviewed by a decision-maker, an underwriter with the mortgage company to which you’re applying. The job of the underwriter is to mitigate risk for your mortgage holder, i.e. the lender.  In order to mitigate the possibility of loan risk they create conditions such as providing updated financial documentation, explaining a deposit in the bank account, for example, and sign off on those conditions for a final approval for docs to be drawn.

Whether you go with the new mortgage company or you stay with your current mortgage holder, your refinance request will be handled by an underwriter who will sign off on your ability to qualify.

A Level Playing Field for Rates & Fees

When it comes to closing costs, no lender has a monopoly on the market to create an unfair competitive advantage. Due to both mortgage and insurance industry regulations, closing costs rarely fluctuate among these neutral third parties. Closing costs vary in terms of what lenders charge in lender fees, origination fees and discount points.

Read the entire article at: https://homes.yahoo.com/news/refinancing--why-your-bank-may-not-be-the-best-deal-190304672.html

 

 

 

5 Tips for Navigating the Next Generation of Real Estate

By Brendon DeSimone April 25, 2014 11:54 PM

 

Times have changed since the real estate boom of the 1980s. New technology, the flow of information, the global economy and a shift in societal structures have altered the real estate game forever. This isn’t our parents’ real estate market. And some of the strategies that were put to use in the ‘80s, if implemented today, would cause financial harm or result in missed opportunities — or both.

Here are five tips to consider as you explore buying or selling in this next generation of real estate.

1. We have evolved: Owning might not be for everyone

The typical home buyers of last generation got married in their early 20s, moved to a single-family home in the suburbs, got a 30-year fixed mortgage and planned to pay it off. Buying a home happened once, maybe twice in a lifetime.

It’s no longer standard practice to live in your hometown after high school or college. In fact, it’s more common for today’s professional to take a job in Denver, Dallas or even Dubai. Additionally, that stable long-term job, with access to a pension after retirement, has all but evaporated. Buyers change jobs more often than ever. The flexibility granted by renting has provided a different picture of today’s American Dream for many.

2. Technology speeds things up: But don’t rush a real estate purchase

Not unlike most industries, technology and the Internet have sped up the processes of looking for, transacting or selling a home. A great new listing could hit a buyer via a text from their agent, an email alert from the local MLS, a notification from Zillow on a mobile device and maybe even an old-fashioned phone call from the buyer’s agent. The actual real estate transaction process has been sped up as well. Clients can sign contracts or review property inspection reports and disclosures on a mobile device during their beach vacation. Even so, no matter how quickly we move or how much technology can make our world efficient today, buying or selling a home should never be rushed.

3. The real estate agent’s role has shifted: But a good agent still matters

Before the Internet and online listings, some people believed the real estate agent’s only value was to provide access to the listings. It’s always been a highly emotional and financial decision, and a good local agent likely did more than just open doors in the 1980s. Today, an additional part of the agent’s role is to make sense of the information. Data alone is meaningless without color. A good local agent, living and breathing their market, will add more value than ever. Finally, in many parts of the country, where attorneys are not involved in real estate transactions, the agent is the center of the transaction. Don’t settle. If you are not impressed with your agent, find another. The right agent can make all the difference.

 

Read the whole article at: https://homes.yahoo.com/news/5-tips-navigating-next-generation-real-estate-035404879.html

 

 

Friday, April 25, 2014

Change is good right now

Change is Good.  Low Fees are Better.  Quality Service is the Best.

 

Is your managing broker providing you the support that you need?   Will he or she share a lunch with you, or ask you to join the monthly brainstorming meeting with other brokers that want to grow their business, or just answering your questions on the phone?  Max is a managing broker that is there for you.  See what our brokers are saying about our managing broker Max Nasab. 

 

Homes and Equity Real Estate is a warm small community where you will feel comfortable and supported.  Max, Renee and Ron are very nice, helpful and professional.

Frank Song

 

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  

Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Free brainstorming sessions to increase your business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

Call Max Nasab at: 206-719-2694

Financing for New Condominium's just got easier

It used to be that New Condominium financing could only be done through the builder’s lender

 

Not anymore!  Now you have choices.  Because you have more choices, your buyer can get better terms and interest rates for their new loan.  

 

We can close loans in complexes that still have phases under construction and have not turned over the homeowners association to the residences.  

 

Ø Project is not fully completed, such as proposed construction, or incomplete conversion of an existing building to a condo

Ø Fewer than 90% of the total units in the project have been conveyed to the unit purchasers

Ø Complexes with new construction in new phases

Ø Property is subject to additional phasing or annexation

Ø Property is newly converted

Ø Control of the homeowners association has not been turned over

 

For complete information and answers to your questions, please call:

 

Max Nasab

Mortgage Consultant

206-719-2694

maxn@mortgagemoneystore.com

www.mortgagemoneystore.com

NMLS ID# 112686

 

A flyer with this information is available at: http://realestatebrokerconnection.com/sales-materials/

 

All loans must qualify through lender underwriting and are subject to interest rates available at the time of application.  Approval is subject to acceptable appraisal, title, homeowner’s insurance, verification of assets and a minimum FICO score of 640.

 

Economy Poised to Assist Housing Recovery

by: Jann Swanson

Apr 24 2014, 4:22PM

David Crowe, Chief Economist of the National Association of Home Builders (NAHB) told members attending the Association's 2014 Spring Construction Forecast Webinar that a stronger housing picture requires an improved economy.  He added that the economy seems poised to respond as payroll employment continues to grow and the unemployment rate slowly recedes.  He projected the latter would shrink from its first quarter reading of 6.7 percent to 6.2 percent by year end.

Other economic bright spots include consumer confidence which has returned to pre-recession levels and major purchases such as motor vehicles and home furnishings are on the rise, indicating a willingness on the part of consumers to buy big ticket items which ultimately could include houses.

A growing economy, pent-up demand, low mortgage rates and affordable home prices should keep housing moving upward this year and next Crowe said, but there are headwinds including tight consumer credit, and shortages of lots and construction labor as well as rising prices for building materials such as lumber, gypsum and oriented strand board.  These factors are hurting the ability of builders to meet demand.

Crowe sees an increase in credit demand as well as economic growth moving mortgages rates up to 5 percent by the end of 2014 and 6 percent by the end of the following year.  These rates are still low by historic standards, he said, and should not be a significant deterrent to expansion in the housing market.

With new-home sales averaging just 8.8 percent of total home sales, barely half the historical average of 16.1 percent, Crowe observed that "this is another reason to believe that the new-home market will have to make up existing ground."

Read the full story at: http://www.mortgagenewsdaily.com/04242014_nahb_housing_forecast.asp

 

 

Thursday, April 24, 2014

If you are new to real estate or a seasoned veteran

It does not matter whether you are new to the real estate business or a seasoned professional.  See what our Brokers are saying about us. 

 

Lynn Rivera

One of my best moves.  Max and Ron are so knowledgeable and very helpful.  They always go out of their way to explain to me how to work smarter.

 

 

Michelle Ebeling

My testimony to Homes & Equity Real Estate Group

 

I have been in the Real Estate industry since 1976.  In that 38 years, in four states,

New Orleans, LA, Atlanta, GA, Durango, CO and now Seattle, WA.  I relocated here for 20 years ago.

I can truly say that I have experienced many markets, company cultures and Brokerage relationships in my career.  Without a doubt, with no reservation Max Nasab and Renee have been a pleasure to work with.

Totally respect, great communication, and integrity have made it a great place to thrive and be successful.

Michelle Ebeling, Broker

SRES

Senior Real Estate Specialist

Kirkland Homes.Com Inc

Voted Best in clients satisfaction

Seattle Magazine

 

 

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  
Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free Flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Monthly brainstorming sessions with the brokers that want to grow their business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

You can talk with Max himself by calling 206-719-2694.

Sincerely,

Max Nasab

Direct Phone:  206-719-2694

Fax:                   425-449-4909

12207 NE 8th Street, Bellevue, WA 98005

 

 

 

 

 

Six Real Estate Marketing Ideas For Agents in 2014

If you’re just starting out in the real estate industry as an agent or are a seasoned veteran, there are always things you can do to improve how you market yourself to potential customers. While there are many tried and true methods, here’s a list of 6 tips to help keep your marketing fresh for 2014. After all, success as a real estate agent is really measured by your ability to market yourself effectively.

Real Estate Marketing Ideas

1) Figure Out The Type Of Customer You Want

Do you know the type of customer you’re trying to attract? If your answer was anybody and everybody that’s probably not the right answer. As the old saying goes, being a Jack Of All trades makes you a master of none. This definitely applies to your real estate business. While it may sound like a great idea to grab any and all business that comes your way, it’s better to find your market niche that plays to your strengths are a real estate agent. Are you someone who specializes in first time homebuyers? Target your marketing efforts towards that niche and own it.

2) Devote A Day To Marketing

One of the biggest challenges when it comes to making your business a success is actually putting aside time to market your business. Being a real estate agent your need to have a focus on many other aspects of your business, but without a clear plan to grow your client base you’re unlikely to grow your business at all.

Pick a day in your week and devote a few hours to investigating, planning or applying new marketing strategies. For a lot of people Mondays work for this kind of task. It’s usually the day of the week people are least likely to want to be bothered, so it gives you some time to focus on how you can expand your business and generate more leads.

3) Boost Your Internet Presence

It’s 2014, you definitely need a quality web presence. While most real estate brokerages have their own web presence they aren’t always focused on growing your business. Having your own website is very important as that should serve as your information hub when it comes to your business. A website is your online business card, where a prospective lead can passively check out what you have to offer without committing one way or the other. Your website is your sales tool, drive customers there using all your other marketing mediums, be they bus, print ad or through social media, you want people going to your website where you can capture that lead.

Having a website that is mobile friend is key, as in the US mobile usage has officially overtaken the desktop when it comes to internet usage. So having an online presence that is easy to use on both desktop and mobile is key. If you’ve caught someone’s interest enough to visit your site, make sure you’re delivering them the best experience on their chosen platform.

4) Stop Cold Calling

Cold calling is something that may have worked in the past, but in recent years has become a much thornier issue with the establishment of Do Not Call Registry legislation in both the United States and Canada. There are many hoops you have jump through to be compliant when it comes to cold calling and in many cases you may be annoying people more than generating potential real estate leads.

While there are whole generations of people who were raised with the telephone, usage as a whole is declining as people either move to mobile only and cancel their traditional landlines. The phone call is no longer the best way to market yourself or your business and in a lot of ways people find the telephone rude and intrusive to their lives. While most consumers have smartphones nowadays, consider less obtrusive ways of marketing to them.

5) Drive traffic With Paid Social Media Advertising

While using social media has started to incur cost when it comes running your business, it has become an amazing resource for targeting advertising. For years companies like Google and Facebook have been trying to learn as much as they possibly can about their users in an effort very specifically be able to target advertising.

Facebook’s ad platform allows you to target geographically within a certain radius and to users with certain area. Say your market niche is helping Baby Boomers downsize, you could rather easily target this group using criteria like age, family, education and interests to narrow down the type of client you are looking to connect with. Your budget to advertise can be dollars a day and can give you returns far better than carpet bombing with expensive direct mail campaigns.

6) Start A Referral Program

Give past clients and your list of contacts an incentive to refer business to you. Be it monetary, a gift card or some other type of incentive people like to be rewarded and this can be what gets your next client. Create a page on your website outlining your offer, mention it on your business card and add some info about your referral program to your email signature. Incentivizing is a great way of differentiating yourself from your competition when it comes to your next lead.

Have any other tips you’d like to share? Let us know in the comments.

James Harris

James has been working since 2010 as a web designer for Lone Wolf. He has been blogging for almost as long as there has been blogging. James is part of the organizing committee for the upcoming Ignite Popup event coming to Cambridge in 2014.

 

 

 

Wednesday, April 23, 2014

What is the maximum seller paid closing cost allowed by the lenders?

Allowable credits range from 2% - 9% of a purchase price for seller concessions and should be written into the EMA as being applied to both the buyer's closing costs and prepaid expenses (Seller credit is based off of the purchase price on the EMA).

CONVENTIONAL LOANS ($417,000 and under):

Owner Occupied & 2nd Homes:

LTVs/CLTVs 90.01-95%:  3%
LTVs/CLTVs 75.01-90%:  6%
LTVs/CLTVs 75% and below:  9%

Non Owner Occupied (Investment Properties): 2%

FHA/USDA: 6%

VA: 4%  (Seller paid discount points can be paid above and beyond the 4%)

JUMBO LOANS ($417,000+): 6%

 

In Pierce, Thurston counties, it's still cheaper to buy than rent

By Kathleen Cooper

Tacoma News Tribune, February 19, 2014 

 

In every place in Washington other than King County, it still is less expensive to buy a home instead than to rent it.

 

According to data crunched by national real estate data firm RealtyTrac, the monthly payment for a median-priced 3-bedroom home in Pierce and Thurston counties is $400 to $500 less than what it would cost to rent that same-size home. The analysis also showed the housing in Pierce and Thurston counties is generally affordable by people making even a little bit less than the median household income.

 

RealtyTrac built in some assumptions to arrive at the monthly house payment: A 20 percent down payment on a 30-year fixed rate mortgage of 4.46 percent; a 1.04 percent annual property tax rate; 0.40 percent of the purchase price in annual maintenance costs; 0.35 percent of the purchase price in annual home insurance costs; and the subtraction of the tax benefit from the mortgage interest and property tax deduction using the 30 percent income tax rate.

 

The firm used fair market rent data from the federal Department of Housing and Urban Development.

 

With those qualifications in mind, here's what RealtyTrac found for 2013:

 

People in Pierce and Thurston would pay about $1,400 to rent a three-bedroom home, but a mortgage would be between $918 and $961.

 

Read more here: http://www.thenewstribune.com/2014/02/19/3056712/in-pierce-thurston-counties-its.html?sp=/99/261/273/#storylink=cpy

 

 

We have a flyer that will help you explain this to your buyers on our website at: http://realestatebrokerconnection.com/sales-materials/

Tuesday, April 22, 2014

Stage it With Shine: Add Some Bling to Your Spaces


Stage it With Shine: Add Some Bling to Your Spaces



By Melissa Dittmann Tracey, REALTOR(R) Magazine


Grays have been catching on in more interiors this year and so has the color’s “flashier cousin” – silver, which is becoming a popular accent color in 2014, according to the Paint Quality Institute’s latest color forecast. Silver is adding some sparkle to rooms, through shimmering fabrics and reflective glassware to even kitchen backsplashes and furniture.


Silver can be an attention-getting touch to liven up a space’s interior.


“Metal tiles gained popularity in the past decade or so with the explosion of stainless steel kitchen appliances, and stainless steel tiles were [and still are] great harmonizers,” writes Karen Egly Thompson, an interior design writer  and contributor for Houzz. “However, they’ve also made their way out of the kitchen – and all that glitters isn’t always stainless steel. Tiles are available in different metals, including bronze, copper, and titanium, as well as different surfaces, such as brushed, polished, and textured.”


HGTV devotes a web page for inspiration around the “heavy metal” look and how to mix the metal finishes in furniture, fabric, and lighting to add shine and texture to a space.


Metallic finishes are everywhere from metal-toned lamp shades to the detailing in fabrics and throw pillows. Brass is also making a comeback in the metal arena. But you might want to still hold off on swapping out all those light fixtures for brass and keep the trend reserved to accessories, for now. The trend is evident, though, as more accessories take on a vintage gold look, such as in mirror frames to gold curtain rods.


Some gold and silver touches may just be the modern touch to bring a room more up-to-date. For example, designer Laura Kirar describes a Corsage Vintage Brass Lamp to House Beautiful as not just a lamp accessory but  a “jewelry accent” to dress up a room.


You can also see the metallic trend popping up in more photos on Houzz. Here are a few.











100% Financing is now Available

Hi Homes & Equity Real Estate Brokers,

 

We now have a loan program that will allow all of the down payment to be paid out of gift funds.  The borrower can use as much or as little of their own funds as they choose. The rest of the funds can come from gifts.  The program requires zero funds to come from the borrower.  This is a conventional loan program and a lender paid MI option is available. 

 

Specific rules apply when accepting a gift for the down payment.  Be sure to call Max for the details about how to use gift funds for the down payment. 

 

The flyer is also available on our website at:  http://realestatebrokerconnection.com/sales-materials/

 

Make it a Great Day,

 

 

Ron Erickson

Transaction Coordinator

Homes and Equity Real Estate Group

12207 NE 8th ST

Bellevue, WA 98005

425-691-0430 Phone

425-401-0607 Fax

 

 

It's a Great Day to make a Change to make your business more Profitable

It’s always a great day to make a positive change.  Is there a better change you can make than an increase in your business?  Would you like this year to be more profitable?  See what our Brokers are saying about us.

 

My working experience with Homes and Equity especially with you, Max and Renee was great. I think you guys are doing a fantastic job and it is a pleasure to work with you guys.

Dariush Esfandi

Your only costs with Homes & Equity Real Estate Group is $59 per month and a $195 per transaction fee.  With Homes & Equity Real Estate Group you can compete on a whole new level.  
Although we are a discount broker, we do provide a lot of services to our Brokers.  For our listings we provide:

  • Yard signs
  • Lock boxes
  • Free Flyers
  • A Boards for your open houses. 

For your business, we provide: 

  • Free business cards
  • Free web site with IDX feed to the MLS
  • Free continuing education
  • Monthly brainstorming sessions with the brokers that want to grow their business
  • A Managing Broker that is willing to talk with you

You can learn more at our website at: http://www.joinhomesandequity.com/

You can talk with Max himself by calling 206-719-2694.

Sincerely,

Max Nasab

Direct Phone:  206-719-2694

Fax:                   425-449-4909

12207 NE 8th Street, Bellevue, WA 98005