One state dominated the hottest markets this month!
As March comes to a close, we look back on the numbers that show us the hottest markets of the month! At least, the hottest markets as realtor.com calculates it! These are the areas where demand and supply showed the most activity. We will run down the list and chat about what areas might be worth more of your attention than others. Are these areas at the top of their markets? Do they still have a long way to go in terms of growth? These are things that any buyer, seller, investor or real estate entrepreneur would want to know! So join me in running down the list and see if we can't find the diamond in the rough that would make a great place to focus your investment efforts!
For links to the articles discussed, please head over to the show notes at http://www.therebelbroker.com
PLUS: Fastest ways to improve your credit score
The old reliable canary. Way back in the day, you took one into a mine with you so that if the air got fouled, the canary would keel over first and warn you to bad things afoot! In the wonderful world of real estate, I like to keep my eye on a variety of markets that kind of serve as a different kind of canary. One that hints at bad things coming in the world of real estate for buyers, sellers, investors and real estate entrepreneurs. Today we will talk about some interesting news out of one of those areas and see what we can learn from a very interesting turn of events.
We will also talk about your credit and ways to get to work repairing it fast.
There is also more data on how much prices have increased. It's as crazy as usual, but we will look at the numbers.
Of course, you can find links to the articles covered in todays show by visiting the show notes at http://www.therebelbroker.com
Curb Appeal - It's more important than you think!
Before anyone steps inside your property for sale, they are going to see the outside. We call that curb appeal and what they see should encourage them to want to see the inside of the home! Over the years, it has become clear to me that most buyers see the front of a home in a far more emotional way than a practical way. When people see your home from the curb, you are trying to make them feel something. While the same can be said to a certain degree for the rest of your home, it is far more true of the front. It is the first impression and if it is not a positive one, it can set the tone for how the buyer feels about the home more generally.
Today we will talk about all the things to think about when putting together the right look for your property to maximize its curb appeal and have buyers falling in love with the place, before they ever even set foot inside!
For links to the articles discussed on todays show, check out the show notes at http://www.therebelbroker.com
Nobody likes to think about the bad things in life. It's depressing. However, by thinking ahead and doing a little planning now, you can make those bad moments less bad. In todays show, we will take some time to check out a report on what successors - the folks who get the property after the bad thing happens - should know and be ready for. This of course also tells what you need to do in order to make sure the successor you want to get your stuff has what they need!
For links to the articles discussed in todays show, please check out the show notes at http://www.therebelbroker.com
Plus: Where are folks moving to?
In order to achieve your goals, you need to understand where demand is likely to be and what the largest number of folks out there are going to be looking for. Right now, Millennials seem to be the segment of the market that everyone wants to chase. From time to time, we seem to be told that this block of buyers and sellers share some common traits. I am not sure I completely buy that logic, but today we are going to review an article that supposedly clues us in to the things we must know in order to attract those illusive Millennials. As you might be able to guess from my tone, I am not in 100% agreement with many of these assumptions, but lets take them for a spin and see if they make sense.
Of course, another crucial tidbit of information for any buyer, seller, investor or real estate entrepreneur is knowing where folks are going. Where people go, there will be increased demand for homes to buy and rent. So, we will take a look at the numbers just released from the US Census telling us where folks chose as their destinations in 2015.
As always, you can find links to all the articles used in todays show in the show notes at http://www.therebelbroker.com
Plus: Mortgage applications drop
When it comes to trying to make ends meet, there can be times when you need to start thinking about things you already have that you can use to supplement your income. You have tons of value contained in your home, but how can you turn that into cash without moving out? Well, in todays show we are going to explore some options you might want to consider if you need to make more money each month. Some of these suggestions might seem a little inconvenient or difficult, but some of them are a great pay off for very little inconvenience!
We will also take a few minutes to discuss the latest information on the decline in recent mortgage applications.
For links to all the articles discussed in todays show, check out the show notes at http://www.therebelbroker.com
Plus: What if we do get negative interest rates?
We have already heard some pundits talking about an upcoming recession. Today, we are going to talk about another major player in international economic affairs and see why they are predicting a 30% chance of recession within the year. However, is it possible that we are already IN a recession? Some numbers seem to indicate that we are.
We are seeing a boost in home building, which is good. What happens to that if we do head into a recession?
Inventory shortages have also caused a drop in recent sales.
We will also discuss how embracing negative interest rates would be the exact wrong thing to do at a time when so many are concerned about a recession.
For links to all the articles discussed in todays show, please head over to http://www.therebelbroker.com
Talking about how to do open houses right
Some try to underplay the importance of the open house. Over the years, the part it plays in getting a home sold has evolved. However, one thing is certain, the interactions between buyers and real estate agents during an open house can be amazingly effective. Not only will it help get a property sold, it will boost any real estate agents business if handled correctly. In todays show, we will discuss a variety of open house related topics from how you advertise them to how best to interact with visitors that help you gain more insights into how to market the home you are trying to sell. It should also be good for buyers to understand what they should expect from an open house as well.
If you would like to check out the show notes for this show or any other of my shows,head on over to http://www.therebelbroker.com
There are still tons of opportunities out there for buyers, investors and real estate entrepreneurs to succeed at flipping. In todays show, we will run over 7 tips that will help you make your flipping adventure a success!
Plus: Why are renters content to be renters?
Some interesting data shows that the median price of a home in California has gone down. Is that real or is there another way to explain that number going down? We will explore that concept plus take a look at how the increase in cash sales might just be linked to it. Whether you are a buyer, seller,investor or real estate entrepreneur, this is the kind of information that can give you an inside track to making the best possible decisions in the world of real estate.
We will also take some time to talk about renters and why so many of them want to stay renters! The reasons may surprise you! At the very least, we can take a look into what are the most motivating factors among potential buyers who currently rent.
There is also good news relating to new construction! There has been a great surge in the number of homes under construction but not completed! We will take a look and break down the increase by region for you!
As always, if you would like to review all the articles discussed in todays show, just check out the show notes at http://www.therebelbroker.com
How you take title to property can have huge repercussions! What you can and cannot do with your interest in property is defined by how you hold title. Do you want to make sure that if you pass away, your property goes to a specific person? Do you want to prevent it from sitting in a probate court for months or even years? Do you want to make sure that your dying wishes are honored? Do you want to make sure that you can sell your interest in the property whenever you like? Well, if so, then you need to start thinking about how you want to hold title to your property long before you sit down to sign off at the title company! All buyers, sellers, investors and real estate entrepreneurs should be thinking about how best to take title in their property. It can be the difference between achieving goals and being locked into circumstances that leave you unable to do much of anything with your property!
For links to the articles discussed in todays show, please head over to http://www.therebelbroker.com
So many areas are seeing ridiculous bidding wars for homes. One sure way to short circuit that process is to go with new construction. While you no longer have to contend with out of control bidding wars, you do need to be one of the lucky folks who gets in fast enough to reserve a home. In todays show, we will spend some time discussing 8 strategies that you can use to give yourself the highest probability of success in being one of the lucky folks that secures a newly constructed home!
In fact, with the way the market has been going, it may even make sense for investors to consider purchasing new construction - but you will need to be careful when making that call. I will share some stories of instances where the investment minded buyer has done well in the past with new construction.
For links to the articles discussed in todays show, please check out the show notes at http://www.therebelbroker.com
Plus: Are some transactions just doomed?
I took a trip to Seattle over the weekend and it really brought home to me the importance of really getting to know how people live from day to day in communities where we are considering investing. Sometimes, the bare numbers tell only a very small part of the story. When investing, you will benefit from knowing some of the more subtle relationships between communities. By doing this, you can make your investment more resilient to market downturns or insure that you will be able to continue to get an expected level of rent if local dynamics change.
Also, I wanted to take some time to talk about what has got to be one of the worst escrows ever. It is more a tale about how so many things are completely beyond our control. While the ultimate goal of buying the home was accomplished, it was a painful and stressful journey - for my client and for me. So much so, that I find myself looking for the knowledge I can pull from this one to make sure it will never happen again. However, I am having trouble since some of the lessons learned, would likely cost future clients money. In the end, do we just have to accept the idea that some transactions are just doomed to have to face every kind of delay and annoyance there is? Does it really just come down to settling for achieving the end goal, no matter how infuriating the path?
Todays show is all straight from my personal experience, so no articles to link to today. However, if you would like to check out the show notes for other shows, head on over to http://www.therebelbroker.com
What has kept homeowners from becoming sellers?
If we were to just take all the numbers at face value, it becomes very hard to understand why we are not seeing more homes put on the market by homeowners. The groups that tend to become home sellers are just not jumping into the market and what all the popular kids are saying about why just does not seem to make sense.
So welcome to the unpopular kids table where we are going to take a closer look at employment, inflation and other factors to see if we can't figure out something that comes a little bit closer to explaining what is going on. It may not be horribly sexy, but at least it is likely to be closer to the truth! As always, this is the kind of information and perspective that any buyer, seller, investor or real estate entrepreneur can use to make more informed decisions that can help turn that real estate deal into a success.
We will also discuss the shrinking of the labor market - something lots of folks just don't want to deal with.
Then there is the decision by a community in the heart of silicon valley to allow an absolutely HUGE level of development. Could this be the first of many such moves in an area where inventory growth is the only solution for ridiculous home prices?
For links to all the articles discussed in todays show, please check out the show notes at http://www.therebelbroker.com
Where the hipsters settle, so settle the higher property values!
Today we are going to examine the process of following the trail left by the illusive hipster. Why, you may ask would we want to pursue such prey? Well, once the hipsters start settling in an area, they tend to bring with them the kind of coolness that others want to be closer too. The end result is increases in property values and a surge in the demand for rentals in those areas. Higher demand equals higher rents! So, as you may have already figured out, if you are a buyer, seller, investor or real estate entrepreneur, being able to spot those kinds of trends can make the difference between reaching your highest goals or just barely making it!
But lets not just look for hipsters, lets look for where the hipsters are going where prices are still reasonable! So we will focus on communities that are just getting started when it comes to benefiting from the full effect of the pilgrimage of the tragically hip!
Of course, for links to the articles discussed on todays show, head on over to the show notes at http://www.therebelbroker.com
The top 10 states where refinancing could save you hundreds!
The top 10 states where refinancing could save you hundreds!
Your mortgage should not be a get it and forget it proposition! As property values increase and interest rates fluctuate, your financial options relating to your mortgage change was well. The sad part is that most folks do not pay attention enough to realize when a great opportunity has presented itself. In fact, there are areas where current home owners could save hundreds of dollars a month and they don't even realize it!
In todays show, we will take a look at the top 10 states where the largest number of residents would qualify for a money saving refinance of their mortgage, but they don't even realize it!
Of course, even if you are not in one of these states with huge numbers of folks that qualify, you need to know your standing as well! We are going to talk about the conditions that make for a good refinance decision and what the current lending situation looks like on average nationally.
We will also take some time to discuss the states with the highest and lowest real estate taxes. If you are a buyer,seller,investor or real estate entrepreneur, this is the kind of information you need to plan effectively and account for expenses relating to your property. If you are an investor considering the purchase of a property out of your state, this will help you determine the likely level of expenses you need to account for in your investing decision!
Of course, for links to all the stories discussed in todays show, check out the show notes at http://www.therebelbroker.com
Plus: More data supporting a coming recession?
In todays show we are going to look at some smaller communities that are doing great things with their downtown. But we want to keep this focused on areas with proven results. After all, if this data is right, it could point you right to areas that are just beginning their journey to becoming great real estate opportunities!
We will countdown all 10 and try to spot the best opportunities. Plus, we will look at their histories, current prices, past performance and circumstances to see if we can figure out the areas that are good shots a success vs. places that are already at the top of their markets.
We are also going to discuss some exclusive information I received from listeners after yesterdays show. Some of it is pretty amazing!
Consumer credit numbers are out and they also tell an interesting story.
For links to the articles discussed in todays show, please head over to the show notes at http://www.therebelbroker.com .
What would another recession do to real estate?
Famous investor Jim Rogers was quoted saying that he expects a recession within the next year! That is huge news given his past in the financial world. So today, we are going to take some time to look at the past predictions of Jim Rogers and how those worked out. We will review how another recession will effect the world of real estate for buyers, sellers, investors and real estate entrepreneurs. What can we expect from the market moving forward?
We will also discuss the broader topic of what you should do to prepare for a recession - even if investing in or buying real estate is not on the horizon for you. It may not be a happiest way to start off the week, but better to be prepared than not!
For links to all the articles discussed on todays show, please check out the show notes at http://www.therebelbroker.com .
It is all about flipping on todays show. We are going to talk about the areas where folks are making the most money on flipping. How much flipping is going on? Should we be worried about flipping abuse or are we safe from that in todays reality? The answers might make you lose a little sleep!
Whether you are a buyer, seller, investor or real estate entrepreneur, todays topic is going to be one you do not want to miss! Flipping can be a great opportunity and a way to really leave your mark on properties by restoring them to a new level of appeal in your local market place. However, there can be a darker side to flipping which can tend to feed the wrong wolf when it comes to its effects on the market.
As always, check our the show notes at http://www.therebelbroker.com for links to the articles discussed in todays show!
In todays show we are going to look into the crystal ball and try to see what areas of the country are going to see increased home sales that lead to appreciation and more real estate health. Being able to figure this out ahead of time is what we are all about! By reading these tea leaves, we can help guide our attention to the areas of the country that are likely to give us the greatest opportunity to enter into a market that has not yet started its ramp up.
Plus, we will talk about the latest savings trends that can give us a little insight into whether or not most people are financially preparing for the important events in their life, like saving for a down payment on a home! We might also learn a few things about the importance of having a plan for saving ourselves!
Home prices are up and construction spending has also increased in January. One other interesting bit of data is that appraisals have increased for the 5th month in a row!
For links to all the stories discussed on todays show, check out the show notes at http://www.therebelbroker.com.
Plus: More hints at a softening high end
Of course, we have all heard the "location, location, location!" bit before. In todays show, we will talk about some hard numbers to back up that assertion, plus some others! We will look at the big winners in the real estate market based on things like what things are nearby, how big the home is, what price range it is in, what amenities the home has, what kind of view it has and what style the home is. You combine all that and you end up with a great new set of tools to use as a real estate buyer, seller, investor or real estate entrepreneur when it comes time to make the best investment or make choices that help preserve your homes value or even what items will likely make it easier for you to sell you home!
Plus we have some new information to add to what we already know about the recent declines in the luxury market. Time will tell if this becomes a trend that trickles down, but we are already seeing a general slowing and this is just another bit of data to help us get a bigger picture.
Of course, links to the articles discussed in todays show will be included in the show notes that you can find at http://www.therebelbroker.com