How Tax Reform May Affect Real Estate Agents

The National Association of Realtors®(NAR) worked hard to make sure the new tax bill would include some advantages for real estate agents. As a result, many agents and brokers will see a significant deduction on their business income. The new tax law brings lower tax rates for just about all individual filers. This current tax reform is the largest change to the system in 30 years. It was passed in December 2017 and took effect as of January 2018. As a result of the bill, NAR is projecting a slower growth in home prices of 1-3 percent in 2018, even as ...

Where Do You Stand on the Real Estate Generational Divide?

We’ve all faced the perception that the real estate industry is slow to change, resists technology, and insists on doing business the same way it always has for decades. We’ve seen older colleagues struggle with spreadsheets, virtual reality and even smart phones, and we’ve known brokerages that are still mostly relying on hard-copy paperwork and file cabinets. The truth is that the real estate business is actually evolving fast, and is in the midst of a sea change. It’s opening itself up to a tidal wave of technology, and is eager to catch up and move ahead of the curve. Younger ...

Construction Outlook 2018

An increasing reliance on technology (drones, virtual reality), a continued interest in live/work/play urban nodes, growing concern over infrastructure, and changes in demographics are what will be influencing construction in 2018. In addition, construction is what will help the country bounce back from the natural disasters of 2017, which included hurricanes, wildfires, and heat/cold waves. Specific construction trends that are expected to continue to increase in 2018 include modular/prefab structures. The perception that prefab is cheap and poorly constructed is quickly changing — Today, top architects are becoming interested in the benefits of this business, which include decreasing profit margins and lowering construction ...

America’s Hottest Urban Suburbs

The idea of the American suburbs reflecting a Fifties sensibility of white-picket fences, enclosed backyards, shopping malls and car culture — may be gone forever. But the suburbs themselves are not gone, or anywhere near the end of its role in American culture. Instead, suburbs are taking a cue from cities. They’re reinventing themselves to appeal to the young people who prefer an urban, live/work/play environment, complete with walkable communities, green spaces and hip, vibrant gathering centers. The CBRE Group reported that only 30 percent of Millennials live in cities. The other 70 percent are part of a migration from urban ...

Be More Than Just an Agent to Your Clients

You already know that you need to do everything you can for your client to make the home buying and selling process as seamless and productive as possible. However, going an extra mile further will make an intense difference when it comes time for clients to talk you up and refer you to new business. In addition to being the real estate agent, there are many other roles you can take on that can help you earn trust and a good reputation among your clients and prospects. Here are just a few: Be a welcome wagon Introduce clients to activities, organizations and locations ...

Help your Clients to Downsize

Preparing a house to be market-ready can often be a trying and emotional experience for the seller. Many Baby Boomer-age sellers may have lived in their property for decades, and the act of downsizing could come with an array of stresses: sadness, depression, anxiety, anger, fear and uncertainty, among others. According to The National Association for Senior Move Managers, by 2030, the population over 65 will increase by 80 percent. Trulia found that more homeowners would rather have a smaller house than a larger one (37 percent compared to 23 percent). Thirty-seven percent of Baby Boomers said that ...

Will you be Selling Real Estate in a Futuristic Smart City?

Get ready for the future: smart cities use technology extensively while still caring about its environment and the planet overall. These are completely planned cities, in contrast to older urban centers that evolve unpredictably with time and technology. Older cities often experience difficulty adjusting to technological change. “In a smart city, infrastructure and amenities such as water, sanitation, energy, transport, public safety, education and healthcare are integrated and managed through technology for efficient governance and delivery,” Abhilesh Babel, joint-CEO, Realty and Social Infrastructure of Feedback Infra, told Money Today. One of the most shining examples will be called Neom, ...

Considerations when Selling a Solar-Powered Property

More and more homeowners are understanding the benefits of powering their home with the sun; most importantly: helping to preserve the planet and saving money (win-win). However, a solar-powered home can still raise questions and leave potential homebuyers perplexed and unsure. What solar power does: it absorbs clean energy from the sun, reducing greenhouse gas emissions that are harmful to the planet. It reduces the carbon footprint and lessens our dependence on fossil fuels (when burned, fossil fuels create toxic gas that cause pollution and possibly global warming). In 2015, the Department of Energy reported that adding solar to your house ...

How to Sell a “Smart” Home

The hip way to refer to smart technology is “the internet of things,” or IoT. This allows devices in the home to communicate through software and a central network. These devices can be operated and controlled from a phone app, from anywhere (even outside the home). They can help choose and program preferences, settings and security, and help save energy. You’ll be finding smart technology more and more throughout both old and new homes, from refrigerators and stoves to washer/dryers, security systems, lawn sprinklers and even window blinds and crock pots. Also think keyless doors, adjustable lighting and motion detectors that ...

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 ...