Airbnb: How Real Estate Agents Can Benefit

These days, many real estate agents are getting relatively new requests: finding properties that can be converted into Airbnb short-term rentals. Airbnb, founded in 2007, is a privately-owned website that allows hosts to rent out their space to guests who are looking for a place to stay temporarily, most likely for vacations or business trips. The best way to describe it to the uninformed: it’s a Craigslist for renting space on a per-night basis. Unlike the hotels/motel business model, the owner can rent the property directly. Property owners all over the world are turning their spaces into vital financial assets. And the ...

How Walkable is Your Market?

You’re surely noticing an increasing amount of requests from your clients for a more walkable environment. Now you can actually support your solution with solid statistics. The Walk Score platform (offered as both a website and a phone app) measures and scores the walkability of any community. It features a nationwide, public access walkability index that assigns a numerical score to any address in the United States, Canada and Australia. What makes a neighborhood “walkable?” According to the Walk Score website, the four factors to consider are health, environment, finances, and communities. The score is becoming increasingly important to buyers and ...

Video Tips on Designing A Home Office

As technology has enabled millions more Americans to work remotely, the home office has taken on an even greater importance for real estate agents and many of their buyer clients, who are often on the lookout for houses that will offer them a reliable, quiet place to get work done. This video describes different ways to create a home working space, whether it’s an entire room, a corner of the kitchen or even a large closet! Included are a number of useful tips for maximizing the usefulness of the available space. They might come in handy for ...

How the Tech Workforce is Reshaping U.S. Real Estate

Over the last two decades, high-tech industries have reshaped the U.S. economy. According to CNBC, the top five most valuable companies in the U.S. are all in the tech sector: Apple, Google, Facebook, Amazon and Microsoft. Not only has tech led to a tremendous amount of wealth in various parts of the country, but it has also led to millions of people moving to cities that are home to major tech firms, transforming local real estate markets in the process. Property values go up in tech hubs According to a study by RedFin, real estate values rise ...

TILA-RESPA: How Will You Be Affected?

Buying a house is a complex transaction. Sellers and buyers must access the services of real estate agents, mortgage lenders, title companies, appraisers and other professionals, to ensure the property title transfers, the loan is secured and the seller gets paid. The housing industry collapse of 2008 revealed significant problems in the processes involved in buying a house. Home buyers received confusing or misleading documentation, leading to foreclosures and losses. In response, the federal government reviewed those processes against the Truth in Lending Act (TILA) and the Real Estate Settlement Procedures Act (RESPA), and issued a revision of real ...