Three months into TRID: A first assessment

Three months have passed since TRID took effect on October 3, 2015. TRID is an acronym derived from TILA/RESPA Integrated Disclosure and encompasses a set of rules meant to help borrowers better understand the terms of their home financing. For this reason TRID is sometimes simply referred to as the ‘Know Before You Owe’ rule. Under the new measure borrowers must now be given the new combined Loan Estimate (LE) with all the charges, fees and line items that come with the loan three days before the closing, and no longer at the closing. The National Association of REALTORS® (NAR) surveyed REALTORS® ...

10 Reasons for Real Estate Agents to Blog

Blogging as a marketing activity has been around for a while, at least since the late 90s. Its adoption by real estate professionals, however, has been fairly spotty. It’s really no surprise. Blogging requires a lot of work, creative brainstorming and a love of writing. Plus, blogging requires a long-term commitment to developing your brand and plenty of patience to wait for sales leads. Nevertheless, blogging can lead to amazing results for real estate agents who choose to pursue it. Many successful businesses, agents included, that blog regularly are said o generate 126% more leads than ones that don’t according to ...

Real Estate 2016: An Open Letter from eCommission Founder, Sean Whaling

Greetings! Talking to customers throughout the country everyday gives me a unique perspective on what agents might expect in 2016. Will we see another consistent housing market or a slow-down tempered by rising interest rates? Will more Millennials take the plunge into home ownership or Baby Boomers downsize into smaller homes, condos or RVs? Unless I’m mistaken, it certainly seems like the housing market will continue its rebound, albeit gradual, from the housing crisis of eight years ago. While it’s true that interest rates are on the rise, mortgage rates remain at near-historic lows. What we may see is that a great ...

Trends to Watch: On-demand Home Showings

In the past, there were some caveats when showing a home to a potential renter or buyer. If the home was occupied, there were only certain days and hours you could visit. You might also need to book that showing a day in advance or even further out, depending on the unique circumstances of the home’s occupants. Now, with on-demand home showings, all of that is changing. In New York City, for example, half of all the potential renters who book showings through Naked Apartments request to see the property that same day. It’s a growing trend and one Realtors ...

Trends to Watch: The Tiny House Movement

From retirees to college grads, the tiny house mindset is taking hold. More and more, families, couples and singles are choosing to swap space for simplicity. The less is more paradigm is taking hold with its many benefits, including less carbon footprint, lower cost and reduced chores. How Tiny are These Houses? The typical tiny house is 100 square feet to 400 square feet. Many have widths of 7 feet, lengths of 17 feet and ceiling heights of just a little over 6 feet. Consumers can find tiny house builders scattered throughout the country, including in states like California, Wisconsin, Florida and ...

Trends to Watch: Today’s Buyers Want Energy Saving and Eco-Friendly Homes

As home buyers become more conscious of technology and available options for environmentally-friendly homes, demand for those features is sure to increase as well, according to trend analysts, perceptive realtors and forward-thinking builders. Not only do codes and zoning regulations promote energy awareness and smart technology, but buyers are more discerning and less apt to settle for second-rate options. Homes today offer more features, better insulation and performance, earth-friendly and natural materials, and lasting durability to an extent not envisioned even a decade ago. Green building initiatives have swept the country. While specific guidelines differ from one location to another, ...