Friday, March 14, 2014

Stated Income Financing for Luxury Homes

Stated income loans are back for the solid borrowers

 

Financing for a luxury home can be challenging without the right lender connections.  High income earners often do not show the real income on their tax returns.

 

This loan is for your clients that have cash assets and would like to buy their dream house.  Their tax returns do not tell the whole story of their income, or their income has increased dramatically in the last year.  This loan is underwritten by real people on a make sense basis. 

 

Ø Primary Residence SFR

Ø Loan amounts $417,000 – $2,000,000+

Ø 5/1 and 7/1 ARM’s

Ø Must have 5 years employment

Ø Must have 100K+ in liquid reserves

Ø Maximum loan to value 70%

Ø Maximum debit to income ratio 38%

 

With Mortgage Money Store you will have a knowledgeable and experienced team of experts working to close the loan and you will get your commissions on time.

 

Please call today to get the right financing for your clients that wish to buy a luxury home with stated income. 

 

Max Nasab

Mortgage Consultant

206-719-2694

maxn@mortgagemoneystore.com

www.mortgagemoneystore.com

NMLS ID# 112686

 

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 at least 700.

 

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

Wednesday, March 12, 2014

Click Below To Download Our Free Real Estate Search Application


Are You Selling the What or the Why?

Recently, I sat in a meeting — no, not the kind you fall asleep in, but one that actually piqued my interest. It was a talk organized by real estate marketing firm 1000watt that spoke to the principle of branding, which is near and dear to my heart.

Marc Davison, co-founder of 1000watt, had a simple question: Do you sell the “what” or the “why” first?

Let me rephrase for those left-brained people out there: Is it about the thing that’s being sold or the ideals of the people who are selling it?

The answer is YES.

The most successful companies have proven time and again that the experience of buying outweighs the rhetoric of empty promises. Everyone sells things, but the company that stands behind those things makes all the difference.

For instance, if you want to buy a toy, where would you go if distance wasn't an issue? Toys ‘R’ Us or FAO Schwarz?

Not sure? Come on. Close your eyes. Tell me: What is the difference between the two? One delivers a kind of wonderment, and the other, well, at least for me, creates a panic attack. FAO Schwarz sells a place where dreams come true. Toys ‘R’ Us is the Walmart of toy stores. Now, there is nothing wrong with Walmart if you are looking to save, but if you want to pay a premium for a great experience, it's not exactly the first place to look.

What about Zappos? They don't sell shoes. Really! They sell happiness. Shoes are just a part of the equation.

Take Virgin Atlantic: Not exactly Delta, is it? Virgin is selling an oasis in what many people consider to be hell itself: the flying experience. I once paid $150 just to go into Virgin’s club before a flight. I swear it was the best airport experience I have ever had.

The Apple Store, my favorite place in the entire world, is the best example of all. Within the clean, white walls demonstrating the acme of spatial winsome, you can find every grown-up toy one might require to fill the consumerist's soul. Healthy? Maybe not. (At least my wife and wallet don't think so.) But damn, does it feel good to be there.

See, all around us are examples of companies who exude the “why” before they provide the “what.” They simply get it, and all the while, their competitors don't understand.

So, I will make this radical statement: We, as real estate practitioners, don't sell houses. We sell the experience of dreams. Now, how each of us delivers those dreams to our clients is vastly different, but I believe to my core that this is true.

However, the sad fact is that as long as we believe we are widget peddlers, shelling out houses in vast numbers from one person to the next, we will never grow when our industry desperately needs us to do so.

So, as you mull over the somewhat controversial position I have taken, think of things this way: Do you Walmart or Apple?

In that answer is our future.

 

Darrin Friedman

Darrin Friedman

As co-CEO and founder of Real Living | At Home in Washington, D.C. and Chevy Chase, Md., Darrin Friedman operates as the right-brained side of his brokerage. He specializes in brand development, social media outreach, marketing, and broadcast video. You can contact him at info@rlathome.com.

 

 

 

 

 

Tuesday, March 11, 2014

Welcome Back the Front Porch


Welcome Back the Front Porch

By Melissa Dittmann Tracey, REALTOR® Magazine


Traditional Porch by Chappaqua Architects & Designers Fivecat Studio | Architecture


The front porch is making a comeback in home designs. Builders recently said the front porch is one of the most popular amenities in 2014, according to the National Association of Home Builders.


The rebirth of the front porch in the past decade may be in partial nod to younger generations who have shown recent preferences toward smaller homes in more dense neighborhoods that boast greater social interaction.


The front porch used to be a mainstay in home designs in the early 1900s, according to a historical paper on “The Rise and Decline of the American Front Porch” published by the Montana Heritage Project. But soon, the front porch became replaced by a garage facing the street. The front porch was moved to backyards as a deck that offered home owners greater privacy.


The popularity of the front porch once was as a gathering place, allowing children to play in the front yard and offering families a cozy place to sit outside, relax, and socialize with their neighbors. But after World War II, front porches began disappearing from newer houses, according to the Montana Heritage Project. The article speculates it was partially due to people becoming “more individualistic and less communal-minded,” and home owners preferring to take their barbecues to the backyard in privacy.


Some home owners are welcoming back the front porch as a way to add more character to your home’s curb appeal. Even if your listing doesn’t have a big front porch, adding some seating may help give buyers that image of this iconic symbol to American homes. Stage it with rocking chairs, a porch swing, or outdoor furniture to show it as an extension of the home, and a place to sit back and connect with your neighbors.


Check out some of these examples:













Success in Real Estate and the ‘Latte Factor’


Success in Real Estate and the ‘Latte Factor’

If you buy yourself a latte every morning on the way to the office or when you head off to show a client a house, prepare to say goodbye to a good $1,000 a year in your hard-earned commission income. That’s about how much buying a latte every workday will run you. Would that money have been better spent marketing your business or getting a professional certification to help set yourself apart from the competition?



That’s the kind of question you want to ask yourself when you sit down to prepare your budget each year, says Victoria Gillespie, director of business development at REALTORS® Federal Credit Union, a division of Northwest Federal Credit Union.


As independent business people, real estate practitioners can benefit from planning their expenses at the beginning of each year just as a business does, Gillespie says in the fourth video in REALTOR® Magazine’s financial planning series, Your Money Matters. That means examining even small expenses like dry cleaning and getting your car washed, both of which are necessary expenses for maintaining a professional appearance but which can be managed through attentive planning. For example, buying clothes that don’t have to be dry cleaned and buying a light-colored car that doesn’t show dirt as much as a darker car can save hundreds of dollars a year in expenses.


One way to get a handle on your expenses is to identify the minimum expenses you need to do your job: office costs and marketing expenses are two examples. Once you have a projected dollar amount for the year, calculate how many transactions you have to close to reach that number. You can do that by identifying your total income from the previous two or three years, dividing that number by the number of transactions you had, and deriving an average commission amount for each transaction. Then divide your minimum expense number by your average commission income to get the minimum number of transactions you need to meet your expenses. Once you know that number, you’re in a good position to look at what you’re spending your money on to see if your dollars spent are getting you contacts with customers who eventually will close a deal with you.


Will the latte help you get there? If not, that might be one expense to curb. Get more on these ideas in the six-minute video above. You’ll find the previous Your Money Matters videos below.


Watch 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.





Thursday, March 6, 2014

You have not missed the boat! You can still get very low interest rates !

If you are the average American who moves once every 7 years, why not consider a 7 Year ARM?

 

You can get approved for  loan amount up to $2,000,000.00 with 3.5% APR

 

 

Max Nasab

Mortgage Money Store

Phone: 206-719-2694

www.mortgagemoneystore.com

Loan Officer NMLS # 112686

Company     NMLS # 108306

 

 

 

 

Wednesday, March 5, 2014

Perks of Hiring Private Equity Firm in Eastside

Each and every branch of the government serves an important role to the nation; Just as their private counterparts are needed essentially to revive back lost opportunities. It may be too impossible to think about but the market and the economy is not only about being the only one at the top. Especially in private divisions, competition may be too tight but there are other great things that the market brings. This is can point to the specific role of private equity firms and what they actually do in the community. Here are some of the perks one can get when working with a Private Equity Firm in Eastside region.

Private equity firms have three most important roles in the economy, using mainly alternative forms of investment. These private entities look for companies they can get good profits from. Not that they are only using the companies to make money, they actually make that certain company work better. In a better phrase, they improve a company’s present condition.

Most of these private equity firms hunt for companies that are not that doing well in the market but have an excellent potential to expand into a better organization. These firms work their ways to recreate the company and make it more profitable. In some situations, these private equity firms help in selling a certain company to a better investor to make it function at its maximum potential. Companies that often fall to situation like this are usually those that are in the last leg.

The amazing part about having these types of equity organizations is that they use incredible ways to raise funds without spending too much from their own pockets. What these firms actually do is raise funds from different private sectors, willing wealthy investors, and even pensioners. They may also raise funds from affiliated foundations that are supporting their grounds.

The fact that private equity firms can perform based on their firsthand exceptional experience is another plus side you’ll get when you hire them to work with you. Basically, they work with utmost systematic and consistent procedures. They are equipped with highly competitive techniques that make it very easy for them to actually to deal with matters in the market.

Another thing is that these private firms can give you helpful insights on the latest trends in the market. They practically study almost every move in the market to see what they can do with the changes and effectively adapt to it. They also do researches that will all the more help them make better choices and decisions on their every move. They can give you suggestions as to what properties are perfect for your needs and if a certain property is still viable for business.

One of the things that private entity firms do is to monitor performances of certain companies. They get database of their target companies and study about them to see what things they would need to do to improve it. Also, they make efforts in learning ways to develop the organization and make it profitable. However, the procedure in making sure that everything is in their right places is not easy. That is why these firms arm themselves with apt knowledge and skills with everything that is related to the business.


Private equity firms in Eastside actually work well for the government. They mostly make the economy work better. Companies that are diving down in the market can be saved by these firms and make it stable again. Instead of letting companies fall, whether big or small, the private equity firms can do their best to help a company recover. They are actually able to return money to enterprises that are almost losing their hopes about their down trailing situation.