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Neighborhood showdown: How 2 teams broke it down for buyers

Inmannews - 3 hours 57 min ago
"I'm looking to buy in your area, and I keep hearing about these two neighborhoods right next to each other -- but what's the difference?" That's the question that agents in the Phoenix area who service Chandler and Gilbert are constantly hearing. So two real estate teams joined forces to answer it with a website: chandlervsgilbert.com ...
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3 ways to generate leads through Google AdWords

Inmannews - 6 hours 36 min ago
The internet is a rabbit hole of information. With over one billion websites in the ether, and over half of those active, the process of getting found online is much more complex than launching a website and hoping people will come across it. ...
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Stop celebrating numbers, start championing service in real estate

Inmannews - 7 hours 32 min ago
The real estate industry is divided between those agents who focus only on sales volume and those who are dedicated to providing the best level of service ...
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Why ‘Hacking Growth’ is a must-read for every entrepreneur

Inmannews - 9 hours 11 min ago
By definition, entrepreneurs take on greater than normal financial risk make the idea in their head a reality. But why experiment with growth when you could hack it ...
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Californians leaving in droves as home prices surge

Inmannews - 9 hours 31 min ago
In 1966, The Mamas and the Papas were singing "California Dreamin'," but fast forward 51 years and Californians are belting out a different tune thanks to increasing home prices, unsustainable costs of living and a lack of access to affordable housing ...
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How Fannie Mae is quashing school debt

Inmannews - 9 hours 57 min ago
The massive amount of student debt carried by college graduates could become less of an issue for those who want to become homeowners under new policies announced today by Fannie Mae ...
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S&P/Case-Shiller: Home prices hit 32-month high

Inmannews - 10 hours 29 min ago
February's S&P/Case-Shiller Home Price Index numbers set a fourth consecutive all-time high -- the highest HPI seen in a whopping 32 months ...
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What’s the biggest issue for Realtors right now? Lack of homes for sale

Inmannews - 11 hours 45 min ago
In Nevada, Idaho and Utah in March, companies were hiring and people were finding jobs; non-farm employment was 3 percentage points to 4 percentage points higher this year than in 2016. So it's no shock that those states were all in the "strong" or "very strong" buyer traffic sections of the National Association of Realtors' latest Realtors Confidence Index report ...
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9 legal considerations for alternative listing input

Inmannews - 12 hours 28 min ago
Here are a few thoughts and questions about the legal implications stemming from changing the traditional flow of listing input, companies (legally) inserting themselves between the participant and MLS, or both ...
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Your real estate yard signs are bad: 4 tips to fix them

Inmannews - 16 hours 7 min ago
In the realm of real estate, yard signs have long held a steady place in marketing both homes and services. But how important are they really, and do today’s agents really need them? The answer is a resounding yes, but only with good design ...
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What’s one thing every new real estate agent should know?

Inmannews - 16 hours 7 min ago
Three real estate pros give snippets of advice for newbies entering the field, from the painfully obvious mistake of forgetting to bring your client to an appointment (talk about rookie nerves!), leaving what you see on HGTV and 'Million Dollar Listing' to fiction, and -- on a more serious note -- the importance of creating a business that's true to you. ...
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3 ethical tests to guide you through real estate’s toughest dilemmas

Inmannews - 16 hours 21 min ago
In a world of contracts, disclosure law, negotiations, profits, losses and people, you do not have to sell real estate for very long before the interests of one party come up against the interests of another party, with you stuck squarely in the middle. It is in these moments that you have a decision to make ...
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When should agents attend the home inspection?

Inmannews - 16 hours 57 min ago
Agents and founders of Seaport Real Estate Group in Old Lyme, Connecticut, Byron Lazine and Tim Bray talk inspections, and when agents should be present. One on hand, some clients need to be handheld through a new process. In other cases, agents opening their mouth during this important step can cross the line. Here's their take. ...
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5 tips to take back real estate lead generation with killer landing pages

Inmannews - 17 hours 11 min ago
Pairing effective lead capture with a well-planned marketing funnel helps real estate agents take back control of their lead generation. ...
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Daily market update: April 25, 2017

Inmannews - 18 hours 52 min ago
Mortgage rates plus all the latest real estate market news ...
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How to throw a community party that’ll raise your local profile

Inmannews - Mon, 04/24/2017 - 3:04pm
If you haven't started thinking about your Fourth of July event, then you're probably not expecting hundreds of people to show up. However, if you're Amy Parry, CEO at Closing Alliance and party person extraordinaire in St. George, Utah, then you know that a big turnout requires planning -- lots of planning ...
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Agent’s text message marketing experiment elicits that rare thing: A response

Inmannews - Mon, 04/24/2017 - 2:11pm
"Do you have any interest in selling? My contact information is attached." A text message to potential sellers may not work for every market, but Jim Manning, co-founder of STL Real Estate in St Louis, is finding some success with a campaign he recently launched. The marketing effort was designed to identify potential sellers in the popular residential market of Tower South Grove. But you won't find a robot behind the keys, perhaps just some tired thumbs. The team's text approach didn't rely on automation. ...
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Lessons on responsiveness from the team that contacted 15,028 leads

Inmannews - Mon, 04/24/2017 - 1:29pm
BoomTown wanted to understand the habits, tactics and routines that the industry’s most successful agents practice to achieve success ...
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Axiometrics: Rent Growth to Match Long-Term Average

American Apartment Owners Association - Mon, 04/24/2017 - 12:45pm

Apartment data provider Axiometrics predicts that annual effective rent growth in 2017 will match the long-term average, however they say performance will strengthen in 2018 & 2019.  Their latest forecast estimates an average rent growth of 2.3% this year, equaling the average rate from 1995-2016 and actually 10 basis points (bps) higher than their previous forecast.  This slight increase also comes in the wake of a predicted fall in the job-growth rate to 1.4%, with 2.01 million jobs added to the workforce in 2017.

Their key takeaways:

  • While average effective rent growth will hit a recent low of 2.3% this year, it is expected to rise to 3.2% in 2018 and 4.1% in 2019 before moderating back to 3.2% in 2020 and 2.6% in 2021.
  • Job growth also will increase in 2018 and 2019, to 1.7% and 2.0%, respectively. Like rent growth, this metric is expected to retrench to 1.7% in 2020 and 1.4% in 2021.
  • Occupancy is expected to average 94.6% in 2017, rising to 94.8% in 2018 and 95.2% in 2019, exceeding the magical 95% at which a market is considered full. That rate is predicted to fall to 95.0% in 2020 and 94.7% in 2021.
  • The total number of building permits issued is forecast to rise to 1.4 million this year, but fall to 1.3 million in 2018 and 1.2 million in 2019. This includes all housing, both single-family and multifamily.

Source: realestateinvestingtoday.com

The post Axiometrics: Rent Growth to Match Long-Term Average appeared first on AAOA.

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9 Affordable Strategies to Find, Buy, and Sell Real Estate

American Apartment Owners Association - Mon, 04/24/2017 - 12:40pm

Buying and selling real estate can take a great deal of time and money. And since time is possibly the most valuable commodity of them all, I’ve compiled a list of some affordable strategies to find (and sell) properties.

Here are 9 affordable strategies to find highly motivated sellers and great real estate deals…

1. Out-of-State Homeowners

Should new investors target out-of-state property owners? Yes! Some of the most motivated sellers are homeowners who live in a state other than where the (distressed and non-distressed) property is located.

These homes may appear completely abandoned and could have “squatters” or homeless people living in the unoccupied residences. This can lead to serious financial liability for the out-of-state owner, who may be quite open to offers well below market or who may offer creative and flexible seller financing terms.

2. Divorce Court

Divorce and medical bills are two of the main reasons for financial ruin. During a hotly contested divorce battle, the former spouses may be so angry with one another that one or both are more than willing to “unload” their former home or investment properties as quickly as possible or to cover their ongoing legal expenses.

3. Bankruptcy Court

Anyone who is on the verge of filing for bankruptcy protection (Chapter 7 for the individual, Chapter 11 for a corporation) may be extremely motivated to convert assets like real estate into liquid cash as fast as possible.

Before, during, and after a bankruptcy filing and discharge, the individual, business entity, or Bankruptcy Trustee appointed by the federal Bankruptcy Court work towards finding cash by selling off or restructuring assets and debts.

4. Expired Listings

How motivated are sellers with expired MLS listings? When the economy is sluggish and there’s a fairly large inventory of unsold homes for sale, you can find 90-day and 180+ day listings that have expired after a Realtor’s unsuccessful attempts to sell the home by way of “Open Houses” and other expensive traditional marketing efforts.

Once these MLS listings expire, you’ll likely find owners willing to drastically discount their price and terms to an investor (you!) who approaches them directly in order to avoid paying the Realtor’s commissions.

5. For Sale by Owner

FSBOs (For Sale by Owner) can be quite willing to structure an assignment or “creative” flip to investors who can close quickly.

Time is precious and finite, life is too short, and “time is money” for most people. Some property owners are just tired of holding a property and prefer to deal directly with someone who can take their headache off of their hands as soon as possible.

6. Bandit Signs

What is more effective and affordable than a Bandit Sign? Yes, those little signs you see on your neighbor’s lawn, or a common area in a condo or townhouse development, or on a public street are one of the best ways to let the world know you have a home for sale with creative terms or that you are looking to buy properties for quick closings.

There are correct and legal ways to properly use Bandit Signs, and there are other ways that can be deemed as illegal by way of planning, zoning, and usage restrictions, so do your homework and be very cautious here.

Why not try some creative ways to use old-fashioned advertising strategies, such as a physical postcard or paper signs on the street with modern-day connections, like links to digital content on your personal website, blog, and social media sites?

7. Your Own Real Estate Blog

Most people want to learn something new each day, especially in fields like real estate investing.

A blog is a fantastic option to create loyal followers and potential (buyer and seller) prospects. Blogger and WordPress are great blog sites you can set up completely free of charge.

People are tired of working hard for their money. Now, they want to find ways where their money can work hard for them.

8. Clever Business Cards

Business cards with a few key words like, “I buy homes for cash in one day” have long helped investors find incredible opportunities. Printing companies, both online and offline, can design and publish hundreds of business cards for as little as $15 to $25.

9. Probate & Estate Sales

The only certainties in life are taxes and death. Keep a close eye on published Probate or Estate Sales in your local newspaper classified sections, or by doing more detailed investigations through online search engines.

Probate or Estate Sales provide many different investment opportunities where properties are sold quickly at prices well below market value.

Never Give Up…

The key to success with business ideas or dreams is to take the first step forward, regardless of whether it’s small or large. If you’re successful or not on the first attempt, keep trying, make necessary changes, and never give up.

A marketing strategy can work fantastic one week, and not so great the next. So, keep learning and make necessary changes as you move forward, so that you reach your goals in 2017.

Source: creonline.com

The post 9 Affordable Strategies to Find, Buy, and Sell Real Estate appeared first on AAOA.

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