When Selling the Most Expensive House on the Block

An incredible house is always a welcoming sight when showing real estate. It could mean a larger commission for the agent, bragging rights for the new owner, and a “mission accomplished” for the seller who poured a great deal of capital into the property. However, love is blind. Make sure to take a look around the neighborhood after the initial excitement wears down. If the other houses are shabby or in disrepair, and if the neighborhood is not exactly known as upscale, the house may be too expensive for its own good. You may want to be the agent who keeps clients ...

Still Hot: The House Flipping Market

Even with the current short inventory for available homes for sale, house flipping continues to be a lucrative incentive for profits. One of the keys to flipping success is the balance of supply and demand — the market your client chooses has to have a healthy dose of both. Of course, the current lack of inventory affects the rule. According to Money, the average flipped house is getting smaller — only 1,422 square feet, on average. Even so, RealtyTrac reports that, in 2016, gross profits for flipped houses was almost $63,000, with a 49.2 percent gross return on investment. The nation’s ...

2018 Real Estate Outlook

As we look ahead to 2018, you should still be feeling good about the real estate industry. A number of important economic factors will continue to make housing a profitable profession, but there are some areas of concern that you should be wary of as you craft your long-term business plans. The following are the biggest takeaways from the real estate market as we begin the new year. A strong economy will continue to drive the housing market The stock market is at record highs and so is the consumer confidence, a strong indicator of whether ...

Video Tip on Mother-in-Law Suites

Often when you’re helping young buyers look for a home, they’ll acknowledge that they don’t need a particularly big house currently. Although they might want more space as more people join their household. Usually the new members will be kids, but sometimes it will be their own parents who decide to move in full-time or part-time to be closer to family in retirement. This video describes the process and considerations that go into building the “mother-in-law” suite, a concept that many of your clients may want to keep in mind as they decide what home to buy.   ...

Video Tips on Crown Molding

  Crown molding is a niche home design subject of particular interest to high-end buyers. There are a number of different materials that can be used for the moldings, all of which come at different price points and some of which require a higher degree of skill to install. This video offers a quick rundown of the key points homeowners should consider before making their decision. ...

How to Turn $1,000 Into a $5,000 Bump in Home Value

Making improvements to a house raises its value. That much is undebatable. But how do you find the best bang for your buck when it comes to renovations? That is a much more complicated conversation. Here are a number of strategies to keep in mind when deciding what renovations to do on a home you’re trying to flip or when advising clients on how to boost their property value. Spruce up the john A new toilet or sink can come pretty cheap but dramatically enhance the aesthetic of the bathroom. Putting in place ...

How to Hire the Right Contractor

Whether you’re seeking a small or large renovation, picking a contractor is not something you should take lightly. This video describes a few tried-and-true best practices for homeowners when selecting a contractor for home improvements, from where to find a quality firm to how much you should expect to pay for the initial deposit. Doing your due diligence during home renovations will not only leave you more satisfied with the result, but it will put you in a better position financially if you ever end up selling. ...

The easiest DIY home improvement projects

Home improvement is a pain in the neck for many but a favorite weekend pastime for others. In real estate, you quickly learn that it’s an important feature of business. Sellers who have kept up their homes and taken the initiative to make improvements that are not only necessary but add a little pizazz to the house can often fetch much more money than they put into the projects. Here are a number of easy DIY home improvement ideas for you and your clients to consider. Repaint the front door There’s nothing that invites a potential ...