Benefits of Selling to a Professional Real Estate Investor

There may be 7 million real estate investors in the United States who are looking to buy property within the next 12 months, according to the National Association of REALTORS® (NAR). If you have a house listed that is failing to move, you may consider appealing to an investor rather than a typical home buyer. Investors often buy and sell multiple properties in a short span of time. They’re looking to make a fast profit, not settle down and begin a new life. Unlike typical homebuyers, investors are more concerned with their return on investment (ROI), as well as 1031 ...

Estimated Tax Considerations for Real Estate Agents

Although the digital age is changing so many dynamics in the real estate business, the tax process is mostly business as usual. Most agents are still considered independent contractors or self-employed sole proprietors. In most of all cases, that means that no taxes are withheld from your commission checks; therefore, you’re responsible for paying taxes four times a year (quarterly). These are called “estimated taxes,” an educated guess as to how much you will be earning and the resulting percentage you will pay in taxes. These estimated taxes are used to pay both income taxes and self-employment taxes (Social Security and Medicare ...

Find Your Niche in Real Estate

Real estate offers a wide world of opportunity, but you will be most successful when you narrow down your skills and focus on a specialty. Set a goal to become the go-to agent for a specific area or type of property or client. However, finding what type of real estate excites you — or choosing among many — can be challenging. Ask yourself the following questions when drilling down to your specialty niche: What do I know most about my community? Research what type of people live there (for instance, Millennials or Baby Boomers). Find out which groups are the most underserved ...

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 ...

Mortgage Rate Outlook for 2018

The stock market entered 2018 on a wild roller coaster. But here’s the slightly more stable story for mortgages thus far: According to the mortgage agency Freddie Mac, mortgage rates held below 4 percent for 26 straight weeks in 2017. Freddie predicts that 2018 will be a year of rising rates again. The average 30-year fixed-rate mortgage increased from 3.95 percent during the first week of January 2018 to 4.15 percent by month’s end. This marks only the second time in the past year that rates have increased 20 basis points (read as 0.20 percent) within a four-week period. There is a consensus among ...

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 ...

Should you Work with a Hybrid Brokerage?

The old days: brick-and-mortar real estate brokerages, with human, hands-on real estate agents who guide clients through the process of buying and selling property. The coming days: technology agencies, almost exclusively available online, where an entire deal can be handled in the digital realm. It’s not as surprising as it first sounds. Ninety percent of homebuyers use the Internet as their go-to research tool, according to a joint study by The National Association of Realtors® and Google. These days, a home search starts with the Internet, viewing the property on smartphones, and learning negotiating tutorials on YouTube. The real estate agent is ...

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 ...