Generational changes influence just about every aspect of any market. From the way that information is consumed, to style preferences and beyond. This fact is evident in the growth of Millennial home buyers. A Millennial is anyone born between 1981 and 1996; making the youngest of this generation 22 in 2018. For the fifth consecutive year, this generation is the largest and most active group of home buyers in the United States. 36% of home buyers fall into the age range, with 65% of them being first-time home buyers. The opportunity for REALTORS® to leverage this emerging population is great. Here are a few trends that can help you understand and market to these prospective clients.
We are more connected than ever before. Our phones keep us updated on the latest news, weather, scores, and social happenings. Our cars can give us diagnostic updates when connected to Wi-Fi. And now our homes have evolved from simply shelter to “smart”. Turning on appliances and turning off lights with your voice via different devices; monitoring every inch and ounce of energy your home has and uses from anywhere in the world; these abilities are becoming more important, not only for homeowners, but for home buyers as well.
Commuting from showings to closings to open houses can take a toll on your odometer. While your vehicle is one of your most important resources as a REALTOR®, it can also be convenient come tax time. Did you know that the mileage deduction for 2018 is 54.5 cents per mile? Now a couple of quarters each mile may not sound like much, but it can really add up. Let’s assume you drive 50 miles a day on average, five days a week, 48 weeks a year. You’re looking at approximately $6,500 that can be deducted from your taxable income. If you aren’t recording your mileage for tax purposes, you are literally leaving money on the table, or road.
April is known for a lot of different things; spring time, showers, baseball, and taxes. While the latter is the least pleasant of those three, if you sold your house last year, or are planning to sell it this year, you could have a few extra deductions to make, which could make tax season a little brighter. Here are four tax deductions that every home seller should be aware of.
There are 24 hours in a day. While that may sound like a lot, once we begin those hours fly by. As a REALTOR® each day is filled with generating leads, following up with potential clients, handling the many moving parts of your current transactions, and of course the countless other duties and responsibilities that never fail to pop up. Keeping all of these balls in the air can be quite the challenge, not to mention all of life’s other aspects that don’t fall under the real estate umbrella. However with a few scheduling and routine tips and tricks, you can not only streamline your day, but even have a few minutes left over.
The highly competitive world of real estate sales means that you need any competitive advantage that’s available. A great place to start is with your current and former happy clients. When they refer their friends and family, it makes it easier to keep your pipeline flowing. Here are a few tips to earn more referrals.
Five decades ago Title VII of the Civil Rights Act was signed into law. This final piece of civil rights legislation prohibits the discrimination in the sale and rental of residential housing. The goal of this act was to end the decades-long problem of discrimination based on race, sex, age, disability, and several other personal characteristics when it comes to access to housing.
Spring has arrived. And, after a colder, snowier, and icier than normal winter across Louisiana, the temperature isn’t the only thing that’s heating up. The real estate market is ramping up for home buyers and sellers alike. Here are a few things to help navigate the spring market whether you are buying or selling your home.
Warm temperatures and sunshine aside, this is the time of the year when prospective homebuyers come out of hibernation. If you are planning on selling your home, this is the time of the year to make sure it is ready to be shown, and ready to shine. Here are 5 tips for preparing your home for a spring sale.
There are many “if-then” scenarios in life. These hypothetical, cause-and-effect occurrences help us make plans to achieve certain goals. Some of these goals can be minor. “If” it doesn’t rain Saturday, “then” we’ll play golf. Others can carry significantly more weight; fewer more so than the decision and outcome of selling your home. “If” we sell our house, “then” we’ll move closer to the beach. Or, “if” we can sell our home for x amount of dollars, “then” we can travel more. Whatever that “if” is, as a home seller, your eyes are locked on the “then”; it’s your REALTOR’S® job to make the “if” a “when.” So how do you find a REALTOR that will do exactly that?
Just like a financial planner, your REALTOR®, whether you are buying or selling, has a fiduciary responsibility to you as their client. This responsibility, coupled with NAR’s strict Code of Ethics, means that you can have the peace of mind that your best interests and goals are at the forefront of every decision.
Buying a home can be one of the most exciting, and stressful experiences you can have. This is the largest purchase that you’ll ever make, and there can be pitfalls along the way if you aren’t careful. However, partnering with a REALTOR® cannot only make this a smooth transaction but an enjoyable one as well. Here are three mistakes that are easy for first-time homebuyer mistakes, and how your REALTOR® can help you avoid.
Over the past several years homebuyers have enjoyed record low mortgage rates. As the economy continues to recover and thrive after the recession, the threat of increasing interest rates has grown. While the escalation has been small, it doesn’t take much of a change on either side of the decimal point to mean big dollars over the next 30 years. So what does the mortgage rate landscape have in store for 2018?
When it comes to buying a home one of the most important steps is the home inspection. The items discovered during this process can be the difference in you purchasing or passing on a property. It can also be the difference in saving or spending thousands of dollars. So when the time comes for your prospective home to be inspected how can you be sure that you’re getting best inspection possible? Here are a few questions to ask.
There are some common new year’s resolutions that tend to garner our attention this time of the year. Save money, get in shape, etc. This year there may be a new one to add to your list; buy a home. While this is an important goal to have no matter the time of the year, there are some other factors in 2018 that can make this an ideal time to seriously considering purchasing a new home. Here are a few reasons why this year should be your year.
Every year there are new technological developments that change how we live and work. Today these developments are happening more quickly than ever before, and they are having sweeping changes how real estate is bought and sold. 2018 will be no different. Here are 3 big trends for 2018.
We all have apps on our phones and mobile devices that simply our lives, provide entertainment, and keep us organized. While scrolling through the App Store or Google Play Store it can be overwhelming if you don’t know what you’re looking for. There are a huge number of apps for a huge number of purposes. Here are 5 apps that can streamline your day-to-day professional life as a REALTOR®.
The holidays are hectic. From shopping to decorating to traveling there is always a lot to do. Winding down the year with all of these festivities combined with the thought that spring is the ideal time to list your home, makes putting your home on the market right after New Year’s a tough decision to make; but maybe it shouldn’t be.
68% percent of millennials, ages 18-34, state that the home they currently own is a temporary stop. Compare this to 36% across all other generations, and the opportunity to upgrade these buyers is immense. But how?
The expertise and experience of a REALTOR® can really pay off. You may have your mind set on a certain size, floor plan, and amenities; but are you positive that these features will meet your needs and wants? Here are a few things to keep in mind as you shop for a new home.