Archive for February, 2023
It’s All About Relationships
|It’s All About Relationships Welcome to The Real Estate Backstory, where we bring you the latest updates and insights on the real estate market. In this episode, we’ll cover a variety of topics, including the impact of relationships on our happiness and success in real estate, inflation and interest rates, credit card debt, and more. |
According to an 85-year study, the key to happiness and success in real estate is all about building and maintaining relationships. This is especially important for real estate agents, who rely heavily on their network to find clients and close deals. As we navigate the ever-changing landscape of the real estate market, it’s important to remember the power of strong relationships and the impact they can have on our success.
Inflation has been a hot topic lately, but it can be confusing to understand what it means for the real estate market. While inflation is down, the consumer price index (CPI) is up, and we’ve seen interest rates climb as a result. However, looking at the longer-term trend, interest rates tend to follow inflation, and we may see a downward trend in the future.
Another trend we’ve been seeing is an increase in credit card debt among Americans. As real estate professionals, it’s important to warn our clients about the potential impact of debt on their ability to secure a mortgage and purchase a home. Educating our clients on financial responsibility and budgeting can go a long way in helping them achieve their real estate goals.
In terms of homebuying trends, we’re seeing more Gen Z individuals moving in together, while more single women are buying homes than single men. Both single men and women place a high value on homeownership, but women tend to prioritize being closer to family and friends. As real estate professionals, it’s important to understand the unique needs and priorities of our clients to help them find the perfect home.
Finally, we take a closer look at the state of the real estate market, including improvements in home affordability and the optimism of builders as more townhomes are being built. We also explore the struggles of Opendoor, a company that is starting to look more like a traditional brokerage.
Stay tuned for more updates on The Real Estate Backstory, where we bring you the latest news and insights on the ever-evolving world of real estate
Alan Richardson – Managing Broker – Maximum One Realtor Partners email@example.com http://www.maxonepartners.com Office: 678-782-5050
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Two Termination & Release Agreements???
What do you do if your client sends a Termination & Release (T&R) & the other party not only doesn’t sign it but then sends one of their own?
2023 GAR Contract Playlist – https://www.youtube.com/playlist?list=PLnjOyfFygLFydopNAa44rIn7XPQHCRRAG
Please browse “Videos” or “Playlist” for so many more!
FYI… there are more videos on the YouTube Channel, “Real Estate Made Crystal Clear” ahead of what is presented in this Newsletter.Click to Watch More Videos from Real Estate Made Crystal Clear
How Inflation has Affected Home-Buying Plans
Real Estate Backstory is your weekly update for real estate news, changes, and trends relevant to the Atlanta area and surrounding markets. Topics covered this week include:
What is new with Zillow – property alerts.
Key fed inflation measured eased in December.
Fed lifts rates by quarter-point but says inflation is easing.
Job reports show increase of 517,000 in January.
Mortgage rates continue to shift down.
How has inflation affected your home-buying plans?
What are the biggest barriers to homeownership?
Thank you all and please let us know if we can be of service.
Alan Richardson – Managing Broker – Maximum One Realtor Partners
Office: 678-782-5050Click to Watch More Videos from Real Estate Back Story