Three ways to boost real estate interest online

  Posted in Residential on

  by admin

https://realtybiznews.com/three-ways-to-boost-real-estate-interest-online/98757690/

We know that selling property is an important business – not only is it our livelihood, but we’re fundamental in helping people to find their perfect home. Your potential buyer might be a first-time buyer, or a couple looking to start their lives together. It could be a family looking for something better for them, or a more mature client wanting to downsize. They all have one thing in common: they look to real estate experts to help them realize their property dream.

You
might have the correct buy for your next client – but what if you don’t? It
could be that you’re not attracting the best clientele for those properties
that are on your books. If you aren’t on someone’s list, or you’re not present
in the correct place, then that’s custom that you, and your sellers, are
missing out on.

So
what do you do? With our disposition to be online, it only seems natural that
your next step should be to boost your presence with these channels. There are
a number of different options available to you as a real estate agent – these
are some of the items you could consider implementing to your strategy if you
haven’t already.

Have a great website

When
it comes to making a large purchase, such as a family home, today’s consumers like to do a lot
of the work themselves. So a potential buyer may use the property’s address on
Google Maps to see where it is, then use Street View to get a feel for the area
and see which shops are nearby.

So you should make it easy for your potential buyers to access this information in one place. This can include photos, plus easy access to Google Maps. Also include information such as what items are nearby and how far away they are (e.g. the nearest bus stop is a five-minute walk away). You could use idx websites for a modern online presence for your real estate listings, which appeal to both buyers and sellers.

Also
make sure your site is mobile-friendly. Tech-savvy customers spend a lot of
time on mobile devices, and one study has shown as many as 80% of those
accessing the internet do so via a mobile device.

Use social media

Social media is a goldmine for
real estate businesses
– 99% of millennials and 90% of baby boomers start their searches for their
next home online. However, you should have a concrete strategy for your social
media.

Facebook
is a staple for marketing for you as a real estate agent. This is because its
user demographics represent your target audience for any age and income. The
channel also has a number of business features that work for your brand – you
can publish updates on your listings, add content, communicate with customers,
get reviews and book appointments.

Instagram
is also a great choice; fantastic-looking photos of your properties go with the
most popular content types on the platform. It’s also
becoming more of a priority for those in boutique or luxury real estate
businesses. Instagram Stories also give you the chance to give swift,
personalized daily updates.

There
are many things you can do with your social media channels. Stunning images of
your properties are central to many real estate brands’ social
media strategies, for instance: they will encourage likes and shares, as well
as encouraging people to contact you.

You
also have the chance to highlight success stories. Not only do they build
social proof, but they also show the human side to your organization. Highlight
your track record, too, by celebrating accolades and awards.

Create videos

Real estate agents are using
creative videos to push property marketing boundaries. They’re
using their listing and social media channels to post these eye-catching clips
to attract buyers.

There
are even examples of estate agents who have used actors in their property
marketing videos, with others who even invite audiences to filmings. One
campaign in Sydney, Australia, involved a video for a Star Wars fan, where
lightsabers were used and included the characters of Darth Vader and Luke
Skywalker.

Creating
a buzz, this particular video had 12,000 views and 40 groups to its first
opening – where typically only five buyers turn up. Of the 40 who came through,
they commented on the video and said it got them excited about the property.

So
think about what would work best for you and your real estate business and consider
incorporating some elements of these suggestions which could boost interest
online.

The post Three ways to boost real estate interest online appeared first on RealtyBizNews: Real Estate News.

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WASHINGTON PARK, Ill. (KMOV.com) — Homeowners in a Metro East community say a special deal is supposed to give them a rebate on their real …

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The powerful Real Estate Board of New York is throwing its muscle behind Councilman Donovan Richards to become Queens' next borough …

How To Buy A House With Bad Credit

  Posted in Residential on

  by admin

https://www.redfin.com/blog/how-to-buy-a-house-with-bad-credit/

Buying a house can be an exciting yet confusing process. It can also be frustrating when you are trying to buy a house with bad credit and don’t know where to turn for answers. Many people rent with the dream of going through the home buying process and purchasing their first home. But if you have bad credit you may think homeownership is out of reach.

 

Can You Buy A House With Bad Credit?

The answer is yes. But what does a bad credit score mean, and what are the types of home loans available to those with bad credit? We’ll answer those questions as well as detail the necessary steps you need to take to buy a house if you have bad credit.

Mortgage lenders and the Federal Housing Administration (FHA) look at a credit score range when considering a home mortgage loan. A credit score between 669-580 ranks your credit as “fair,” and is considered a higher risk for a mortgage lender. Lenders view a score of 579 or less to be “bad credit.” Scores this low can make finding a home loan challenging, but not impossible. 

Your credit score tells a lender about your spending habits, payment reliability, and the likelihood of mortgage repayment. A low credit score means you’re a higher risk for a lender but does not have to mean your dream of owning a home has to come to an end.

How To Buy A House With Bad Credit 

First, find out your credit score by getting a credit report. There are sites where you can get a free credit report like FreeCreditReport.com.  They provide credit reports from the 3 credit bureaus Equifax, Experian, and TransUnion at no charge to you.

Depending on your credit score, you may have work to do, and it may take some time to get your credit back on track.

How to Improve Your Credit Score

Focus on these two financial habits to help you boost your credit score if it’s lower than 580:

Improve your payment history: Payment regularity is a crucial factor used to determine your credit score. With a plan for regular on-time payments on your debts, you will improve your credit history & score with every payment. 

Pay down your overall debt to increase your debt-to-income ratio: Your available credit is also a big factor in your credit score. If you are maxed out and have no credit, it will be a challenge to improve your score. Focus on paying down debt to give yourself a credit cushion, and your score will rise. 

For assistance, consider a credit repair service to help get you on track for buying a home. In fact, once you get your free credit report you may notice some errors that are bringing your credit score down. A credit repair service will help get those errors fixed so your credit score can start moving in the right direction and help you get a better rate on a home loan.

Loans For Buyers With Bad Credit

To help applicants with bad credit buy a house, the FHA has a loan insurance program for lenders. However, not every lender may offer FHA loans so be sure to shop around.

FHA-backed loans help you:

            Qualify for low down payments, possibly as low as 3.5%.
            Avoid the requirement to verify two years of employment.

The downside? You will likely pay a higher interest rate on your home loan.

When your credit score is above 580, you could qualify for a mortgage with as little as 3.5% down and allowed a loan-to-value ratio (LTV) of 96.5%. A loan-to-value ratio is used by lenders to describe the loan size you’re taking out compared to the value of the property you want to purchase. 

For example, you could purchase a $200,000 home in Sacramento, CA with an LTV ratio of 96.5%, meaning you couldn’t borrow more than $193,000, making $7,000 (or 3.5% of the home’s purchase price) your minimum down payment. With a score of less than 580, you will need a larger down payment of at least 10%, and you may be capped at a 90% LTV. 

VA Loans: Military veterans with a credit score of at least 620 have access to Veteran’s Administration (VA) loans. If you can boost your credit score to qualify, additional VA loan benefits include: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

USDA loans are available for homebuyers who are lower-income and considering buying in rural areas. The United States Department of Agriculture (USDA) also requires a credit score of 620, but there are additional program benefits, including: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

Take steps now to improve your credit score and move closer to your dream of homeownership. Depending on your circumstances, you could qualify today for an FHA, VA, or USDA loan. 

Do your homework to find mortgage lenders who will work with you to apply and qualify for these financing options so you can buy a house even with bad credit. 

The post How To Buy A House With Bad Credit appeared first on Redfin Blog.

anyone love this as much as me

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The powerful Real Estate Board of New York is throwing its muscle behind Councilman Donovan Richards to become Queens' next borough …

Three ways to boost real estate interest online

  Posted in Residential on

  by admin

https://realtybiznews.com/three-ways-to-boost-real-estate-interest-online/98757690/

We know that selling property is an important business – not only is it our livelihood, but we’re fundamental in helping people to find their perfect home. Your potential buyer might be a first-time buyer, or a couple looking to start their lives together. It could be a family looking for something better for them, or a more mature client wanting to downsize. They all have one thing in common: they look to real estate experts to help them realize their property dream.

You
might have the correct buy for your next client – but what if you don’t? It
could be that you’re not attracting the best clientele for those properties
that are on your books. If you aren’t on someone’s list, or you’re not present
in the correct place, then that’s custom that you, and your sellers, are
missing out on.

So
what do you do? With our disposition to be online, it only seems natural that
your next step should be to boost your presence with these channels. There are
a number of different options available to you as a real estate agent – these
are some of the items you could consider implementing to your strategy if you
haven’t already.

Have a great website

When
it comes to making a large purchase, such as a family home, today’s consumers like to do a lot
of the work themselves. So a potential buyer may use the property’s address on
Google Maps to see where it is, then use Street View to get a feel for the area
and see which shops are nearby.

So you should make it easy for your potential buyers to access this information in one place. This can include photos, plus easy access to Google Maps. Also include information such as what items are nearby and how far away they are (e.g. the nearest bus stop is a five-minute walk away). You could use idx websites for a modern online presence for your real estate listings, which appeal to both buyers and sellers.

Also
make sure your site is mobile-friendly. Tech-savvy customers spend a lot of
time on mobile devices, and one study has shown as many as 80% of those
accessing the internet do so via a mobile device.

Use social media

Social media is a goldmine for
real estate businesses
– 99% of millennials and 90% of baby boomers start their searches for their
next home online. However, you should have a concrete strategy for your social
media.

Facebook
is a staple for marketing for you as a real estate agent. This is because its
user demographics represent your target audience for any age and income. The
channel also has a number of business features that work for your brand – you
can publish updates on your listings, add content, communicate with customers,
get reviews and book appointments.

Instagram
is also a great choice; fantastic-looking photos of your properties go with the
most popular content types on the platform. It’s also
becoming more of a priority for those in boutique or luxury real estate
businesses. Instagram Stories also give you the chance to give swift,
personalized daily updates.

There
are many things you can do with your social media channels. Stunning images of
your properties are central to many real estate brands’ social
media strategies, for instance: they will encourage likes and shares, as well
as encouraging people to contact you.

You
also have the chance to highlight success stories. Not only do they build
social proof, but they also show the human side to your organization. Highlight
your track record, too, by celebrating accolades and awards.

Create videos

Real estate agents are using
creative videos to push property marketing boundaries. They’re
using their listing and social media channels to post these eye-catching clips
to attract buyers.

There
are even examples of estate agents who have used actors in their property
marketing videos, with others who even invite audiences to filmings. One
campaign in Sydney, Australia, involved a video for a Star Wars fan, where
lightsabers were used and included the characters of Darth Vader and Luke
Skywalker.

Creating
a buzz, this particular video had 12,000 views and 40 groups to its first
opening – where typically only five buyers turn up. Of the 40 who came through,
they commented on the video and said it got them excited about the property.

So
think about what would work best for you and your real estate business and consider
incorporating some elements of these suggestions which could boost interest
online.

The post Three ways to boost real estate interest online appeared first on RealtyBizNews: Real Estate News.

How to prepare for a long distance move

  Posted in Residential on

  by admin

How to prepare for a long distance move

https://realtybiznews.com/how-to-prepare-for-a-long-distance-move/98757700/

If you’re planning a long-distance move, you have quite an adventure ahead of you. While moving can be known to be a stressful event, it can also be exciting. If planned right, moving can go more smoothly than you’d expect.

So, if moving across the country is on your to-do list, here are four things to help you prepare for your long-distance move so it’s as stress-free as possible.

Start Making Lists

When it comes to moving, you’ll soon
discover lists will be your best friend. They help keep you organized among the
chaos. Here are three lists you’ll want to make right away.

Packing
List:

Create a detailed list of all items that
you will be moving to your new location. For big-ticket items include their
price, as well.

Many long-distance moving companies will
require documentation for the total amount your goods are worth, and items with
a particularly high price value might require an extra fee for packaging and insurance
purposes.

Selling
List:

Create a second list of items you will not be taking with you. All the items
on this list can be sold or donated, but you won’t be including them in your
estimate for moving services. Be sure to include prices for how much they are
worth to make the selling process easier later.

To-Do
List:

This needs to be the most detailed of all
lists you write up. Include a timeline with the items in this article and due
dates for each one. Stick to a schedule, and you’ll have a much easier time of
moving.

Find a Moving Company

Moving long-distance creates numerous
hurdles to overcome, the greatest of which is transporting your belongings. To
make the process as smooth as possible, hiring a moving company is essential.

But before you type, “moving companies
near me” into Google and hire the first one that pops up, follow these simple
steps to ensure you get a reputable, trustworthy company.

Check
Reviews:

Choose long-distance movers that have experience. Check
reviews and ratings, in addition to accreditation from the BBB, for each
company. Narrow your list down to three top-rated companies.

Request
Estimates:

Request in-home estimates from each moving company. Be sure they get a
good look at the actual items you’ll be moving and ask for the estimate to be
given you in writing, along with a list of services provided for the cost.

Never accept an estimate over the phone.
Moving companies worth their salt will come to you and physically appraise how
much space your goods will take in their trucks.

Narrow
the List:

Decide on which company provides the best
services for the best price. Take into consideration each company’s experience
level and extra offerings, such as a free storage unit for six months at your
new destination.

Hire
Your Movers:

When you hire a moving company, they’ll
create a contract detailing when the movers will arrive, what services they
will provide, and the total time it will take for them to transport your goods.

The contract will be very detailed, so
read it thoroughly and ask for clarification, if needed, before you sign.

Downsize

Remember that list of items you won’t be
taking with you? These items can be sold, and the proceeds used to help fund
your move. There are numerous ways to sell your goods.

Facebook
Marketplace:

Post pictures with a description,
location, and price. Ask people to pick up larger items from your location.

Selling
Apps:

Like Facebook Marketplace, there are
numerous selling apps such as Letgo, OfferUp, and Decluttr that allow you to
post items for sale. You can message prospective buyers through the app and
decide whether you’ll meet them or request they pick up from you.

Garage
Sale:

Hosting a garage sale takes some
coordination, but you have the potential to get your selling done in one day.
Have a list of prices for the items you’re selling and be prepared to be
flexible if offered a lower number than desired.

Donate:

Any goods you’re unable to sell can be
donated to a local Salvation Army or secondhand store. Many charitable centers
will offer to pick up your items free of charge.

Pack Up

After you’ve gone through the above
steps, it’s time to start packing. Here are three tips to help this process go
smoothly.

Labels:

Label boxes with color coding according
to the room they belong in. Write short notes about the contents inside for
easy unpacking in your final destination.

Packaging:

Cushion breakables with bubble wrap and
padding. Mark these boxes as fragile for the moving company.

Taping:

Always double tape your boxes, once
across the top and bottom where the flaps meet, and once across. This provides
maximum strength and support for the goods inside.

You’re Ready to Move

Moving long-distance takes a lot of work. But
as you see, the more organized you are, the better it will go. Lists are your
best friend, and they will help you sort and organize. Hire a moving company
that offers quality service for good prices.

Finally, pack your things by color-coding
boxes and use careful packaging for a successful transfer to your new home.
Once you’ve done all this, you’ll be ready to move!

The post How to prepare for a long distance move appeared first on RealtyBizNews: Real Estate News.

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Jones received an MBA with a concentration in Real Estate Finance from Georgia State University and is currently a trustee of The Georgia State …

How To Buy A House With Bad Credit

  Posted in Residential on

  by admin

https://www.redfin.com/blog/how-to-buy-a-house-with-bad-credit/

Buying a house can be an exciting yet confusing process. It can also be frustrating when you are trying to buy a house with bad credit and don’t know where to turn for answers. Many people rent with the dream of going through the home buying process and purchasing their first home. But if you have bad credit you may think homeownership is out of reach.

 

Can You Buy A House With Bad Credit?

The answer is yes. But what does a bad credit score mean, and what are the types of home loans available to those with bad credit? We’ll answer those questions as well as detail the necessary steps you need to take to buy a house if you have bad credit.

Mortgage lenders and the Federal Housing Administration (FHA) look at a credit score range when considering a home mortgage loan. A credit score between 669-580 ranks your credit as “fair,” and is considered a higher risk for a mortgage lender. Lenders view a score of 579 or less to be “bad credit.” Scores this low can make finding a home loan challenging, but not impossible. 

Your credit score tells a lender about your spending habits, payment reliability, and the likelihood of mortgage repayment. A low credit score means you’re a higher risk for a lender but does not have to mean your dream of owning a home has to come to an end.

How To Buy A House With Bad Credit 

First, find out your credit score by getting a credit report. There are sites where you can get a free credit report like FreeCreditReport.com.  They provide credit reports from the 3 credit bureaus Equifax, Experian, and TransUnion at no charge to you.

Depending on your credit score, you may have work to do, and it may take some time to get your credit back on track.

How to Improve Your Credit Score

Focus on these two financial habits to help you boost your credit score if it’s lower than 580:

Improve your payment history: Payment regularity is a crucial factor used to determine your credit score. With a plan for regular on-time payments on your debts, you will improve your credit history & score with every payment. 

Pay down your overall debt to increase your debt-to-income ratio: Your available credit is also a big factor in your credit score. If you are maxed out and have no credit, it will be a challenge to improve your score. Focus on paying down debt to give yourself a credit cushion, and your score will rise. 

For assistance, consider a credit repair service to help get you on track for buying a home. In fact, once you get your free credit report you may notice some errors that are bringing your credit score down. A credit repair service will help get those errors fixed so your credit score can start moving in the right direction and help you get a better rate on a home loan.

Loans For Buyers With Bad Credit

To help applicants with bad credit buy a house, the FHA has a loan insurance program for lenders. However, not every lender may offer FHA loans so be sure to shop around.

FHA-backed loans help you:

            Qualify for low down payments, possibly as low as 3.5%.
            Avoid the requirement to verify two years of employment.

The downside? You will likely pay a higher interest rate on your home loan.

When your credit score is above 580, you could qualify for a mortgage with as little as 3.5% down and allowed a loan-to-value ratio (LTV) of 96.5%. A loan-to-value ratio is used by lenders to describe the loan size you’re taking out compared to the value of the property you want to purchase. 

For example, you could purchase a $200,000 home in Sacramento, CA with an LTV ratio of 96.5%, meaning you couldn’t borrow more than $193,000, making $7,000 (or 3.5% of the home’s purchase price) your minimum down payment. With a score of less than 580, you will need a larger down payment of at least 10%, and you may be capped at a 90% LTV. 

VA Loans: Military veterans with a credit score of at least 620 have access to Veteran’s Administration (VA) loans. If you can boost your credit score to qualify, additional VA loan benefits include: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

USDA loans are available for homebuyers who are lower-income and considering buying in rural areas. The United States Department of Agriculture (USDA) also requires a credit score of 620, but there are additional program benefits, including: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

Take steps now to improve your credit score and move closer to your dream of homeownership. Depending on your circumstances, you could qualify today for an FHA, VA, or USDA loan. 

Do your homework to find mortgage lenders who will work with you to apply and qualify for these financing options so you can buy a house even with bad credit. 

The post How To Buy A House With Bad Credit appeared first on Redfin Blog.

How To Buy A House With Bad Credit

  Posted in Residential on

  by admin

https://www.redfin.com/blog/how-to-buy-a-house-with-bad-credit/

Buying a house can be an exciting yet confusing process. It can also be frustrating when you are trying to buy a house with bad credit and don’t know where to turn for answers. Many people rent with the dream of going through the home buying process and purchasing their first home. But if you have bad credit you may think homeownership is out of reach.

 

Can You Buy A House With Bad Credit?

The answer is yes. But what does a bad credit score mean, and what are the types of home loans available to those with bad credit? We’ll answer those questions as well as detail the necessary steps you need to take to buy a house if you have bad credit.

Mortgage lenders and the Federal Housing Administration (FHA) look at a credit score range when considering a home mortgage loan. A credit score between 669-580 ranks your credit as “fair,” and is considered a higher risk for a mortgage lender. Lenders view a score of 579 or less to be “bad credit.” Scores this low can make finding a home loan challenging, but not impossible. 

Your credit score tells a lender about your spending habits, payment reliability, and the likelihood of mortgage repayment. A low credit score means you’re a higher risk for a lender but does not have to mean your dream of owning a home has to come to an end.

How To Buy A House With Bad Credit 

First, find out your credit score by getting a credit report. There are sites where you can get a free credit report like FreeCreditReport.com.  They provide credit reports from the 3 credit bureaus Equifax, Experian, and TransUnion at no charge to you.

Depending on your credit score, you may have work to do, and it may take some time to get your credit back on track.

How to Improve Your Credit Score

Focus on these two financial habits to help you boost your credit score if it’s lower than 580:

Improve your payment history: Payment regularity is a crucial factor used to determine your credit score. With a plan for regular on-time payments on your debts, you will improve your credit history & score with every payment. 

Pay down your overall debt to increase your debt-to-income ratio: Your available credit is also a big factor in your credit score. If you are maxed out and have no credit, it will be a challenge to improve your score. Focus on paying down debt to give yourself a credit cushion, and your score will rise. 

For assistance, consider a credit repair service to help get you on track for buying a home. In fact, once you get your free credit report you may notice some errors that are bringing your credit score down. A credit repair service will help get those errors fixed so your credit score can start moving in the right direction and help you get a better rate on a home loan.

Loans For Buyers With Bad Credit

To help applicants with bad credit buy a house, the FHA has a loan insurance program for lenders. However, not every lender may offer FHA loans so be sure to shop around.

FHA-backed loans help you:

            Qualify for low down payments, possibly as low as 3.5%.
            Avoid the requirement to verify two years of employment.

The downside? You will likely pay a higher interest rate on your home loan.

When your credit score is above 580, you could qualify for a mortgage with as little as 3.5% down and allowed a loan-to-value ratio (LTV) of 96.5%. A loan-to-value ratio is used by lenders to describe the loan size you’re taking out compared to the value of the property you want to purchase. 

For example, you could purchase a $200,000 home in Sacramento, CA with an LTV ratio of 96.5%, meaning you couldn’t borrow more than $193,000, making $7,000 (or 3.5% of the home’s purchase price) your minimum down payment. With a score of less than 580, you will need a larger down payment of at least 10%, and you may be capped at a 90% LTV. 

VA Loans: Military veterans with a credit score of at least 620 have access to Veteran’s Administration (VA) loans. If you can boost your credit score to qualify, additional VA loan benefits include: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

USDA loans are available for homebuyers who are lower-income and considering buying in rural areas. The United States Department of Agriculture (USDA) also requires a credit score of 620, but there are additional program benefits, including: 

            No down payment
            No private mortgage insurance (PMI)
            Lower interest rates 

Take steps now to improve your credit score and move closer to your dream of homeownership. Depending on your circumstances, you could qualify today for an FHA, VA, or USDA loan. 

Do your homework to find mortgage lenders who will work with you to apply and qualify for these financing options so you can buy a house even with bad credit. 

The post How To Buy A House With Bad Credit appeared first on Redfin Blog.