Posts Tagged ‘Real estate’

Insights in Real Estate – A Webinar with Dr. David Lereah

Posted on: December 6th, 2013 | No Comments

dr_david_lereah_webinarReal estate can be a stressful and uncertain business. Ups and downs are the name of the game. So, how can a realtor be successful through all of this? Insights are the first step to understanding and planning for the upcoming year. By analyzing the market, influencing components and factoring in unexpected changes, realtors can begin to predict the upcoming year and it’s challenges. These insights are invaluable when it comes time to strategizing for your business.

Inspect-It 1st is proud to announce a webinar for realtors with Dr. David Lereah, former Chief Economist for the National Association of Realtors and Mortgage Bankers Association. His extensive years of experience allow Dr. Lereah to provide insights into the 2014 housing market. Specifically focused on:

  • Factors influencing supply and demand
  • Assessment of existing home sales, new construction, home prices, foreclosures, housing inventory and mortgage rates
  • The impact of current and future housing policies

Join Dr. Lereah for this valuable webinar on Wednesday, December 18, 2013 1:00 PM – 2:00 PM EST.

 

To register for this webinar, click here.

 

About the Speaker

 

David Lereah is a recognized economic expert in the financial services and real estate industries. He is president of Reecon Advisors which provides insight and advice on the U.S. real estate markets to real estate companies, investors and some of the largest financial institutions in the world. He is also President of SMH Tranche LLC, a real estate acquisition company, based in Florida.

 

Dr. Lereah is the former Chief Economist for the National Association of Realtors and the former Chief Economist for the Mortgage Bankers Association. He has appeared regularly in the national media, including CNBC, Fox Business, CNN, NPR and the Wall St Journal. Dr. Lereah began his career on the faculties of Rutgers University and the University of Virginia teaching economics and financial markets theory. He earned his BA in Economics from American University and a PhD in Economics from the University of Virginia. Dr. Lereah is available for presentations/speeches, customized research projects and advisory consultation.

 

 

Five Tips to Boost Your Home’s Appraisal

Posted on: October 16th, 2013 | No Comments

appraisalA home appraisal is certainly high on the list of awkward and potentially frustrating life events.  Some random stranger walks into your home, takes a peek around, and then tells YOU how much YOUR home is worth.  Whether the process is fair or not is certainly open for debate, but one thing is not:  the price the appraiser sets can make or break a real estate deal.  Appraisers are paid by lenders to make sure that they don’t approve loans for more than the properties are worth.  So, whether you are looking to refinance your mortgage, apply for a home equity loan, or sell your home, you need to turn that stranger into your new best friend by following these five tips.

 

1.     Appearance is everything

The sight of tacky lawn ornaments, dirty dishes, or a stack of books on the kitchen counter is not supposed to impact the appraisal, but it’s better to be safe than sorry.  Even the most objective appraiser may be influenced by external factors.  So, make sure to mow the lawn, trim the hedges, rake the leaves, wash your dishes, vacuum, clean the bathrooms, call the exterminator…you get the point.

 

2.     Keep (or make) a list of all upgrades

Take the time to put together a spreadsheet of the dates and costs of any upgrades, updates, additions, or other home improvement projects you have completed over the years.  Do you have any photos that can showcase the updated look?  What about receipts?  Don’t forget to point out structural or electrical improvements that may be hard to see with the naked eye.  Make sure to highlight features that separate your home from a comparable home.  Did you put in a pool or hot tub?  New roof or insulation?

 

3.     Location, Location, Location…

Ask the lender for an appraiser that lives in your area or has worked in the area before.  If that doesn’t work, do your best to convince the appraiser that you live in Pleasantville.  Mention the new restaurants in town, the dog park, the playground, the organic grocery store.  Is Tom Hanks your neighbor?  Find some selling points about the neighborhood or town that you live in and SELL.

 

4.    Spend Wisely

If you want to make a few upgrades to increase the price of the appraisal, make sure you spend your money on projects that are known to provide a solid return on investment.  Fresh paint, hardwood flooring and a new front door are all minor upgrades that usually add value to your home.  If you’re looking to upgrade larger spaces, kitchens and bathrooms generally provide the most bang for your buck.

 

5.     Do your own research

After finishing the inspection, the appraiser will find similar homes in your area (comparables) to help determine market value.  Check the web (zillow, trulia) and find at least 3 homes similar to yours that have favorable sales prices.  Don’t show any research to the appraiser that shows homes with prices (or circumstances) that are unfavorable to you.  Who knows, he/she may be so lazy that they simply use your research instead of doing their own.  Plus, you can use this research to challenge in the unfortunate case of a low appraisal.

Using Social Media to Generate Leads, Sell Homes, and Build Your Brand

Posted on: March 14th, 2013 | No Comments

Social_mediaIf you’re a realtor, it’s time to buy into the selling power of social media.  According to research by the National Association of Realtors, more than 90% of home buyers used the internet during the home buying process in 2012.  63% of home buyers took at least one virtual home tour via the web.  Internet searches for real estate agents grew by 46% from 2011 to 2012.  The written word is quickly becoming just as powerful as the spoken word when it comes to pushing your name, your brand, and your offerings. Before you start posting, tweeting, and connecting, here are some helpful tips for managing your social media content:

 

  • Create a clear, concise description to use for all of your social media profiles.  For example, say, “I am a residential real estate agent, based in Chester County, specializing in single-family homes. Check out my website: www.johndoe.com.”

Continue Reading →

Our home inspection company's history began in 1991 with the establishment of American Home Inspection. Over the course of the following seven years, a home inspection business prototype was developed that could be implemented anywhere in the United States. Our founders believed they had a unique methodology of providing homebuyers and sellers with consistent, professional and unbiased home inspections.

http://blog.inspectit1st.com © 2012. All Rights Reserved.