Daily Archives: May 5, 2013

How to Buy and Sell a Home at the Same Time | Bedford NY Real Estate

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BUy & Sell4

Now that the real estate market is picking up again, many people are looking to sell their homes at last. But when you sell, you have to move somewhere — which usually means buying another home. Buying and selling at the same time brings up a whole new set of challenges, but those who plan well in advance can make it happen smoothly.

Here are five ways to successfully buy and sell a home at the same time.

1. Prepare to be stressed

Buying a home is stressful. Selling a home is stressful. When you do both at the same time, the experience is super stressful, not to mention emotional and difficult on many levels. You’re potentially carrying two mortgages or trying to time the purchase with the sale. There will be a lot of sleepless nights, worrying over finances and pressure to make a decision. It’s enough to ignite a family war.

Accepting upfront that this process will be extremely stressful will help in the long run. Know that most homeowners go through this, and there is success at the end of the long, dark tunnel. Plan everything as much as possible in advance. Do your homework. And take care of yourself. You’re going to be busier than usual.

2. Meet with your agent early on

Owners often believe their home is worth less than what the current market will bear. That’s why it’s important to meet with your real estate agent early on, even months before you plan to buy or sell. Researching online valuation tools or doing basic research will help to guide you. But a local agent will help you understand your home’s true current market value and marketability. A good agent is in the trenches daily and knows your neighborhood and market inside and out.

3. Learn the market where you want to purchase

After getting some hard numbers for your home’s sale you need to do the same on the purchase side. What’s on your wish list?  What are your priorities? Determine your needs and understand what you will get for your money on the purchase side. You need to know this to factor in how financing will work with the buy/sell. Also, understand that market. Is it more or less competitive than where you live now? How long can you expect to search for a home? This will factor into your sale timing. If you’re moving within the city or town where you live, your listing agent will likely serve as your buying agent. If you’re moving just outside your area, you may need to ask your agent to refer you to an agent knowledgeable about that area.

4. Know your numbers

Once you understand the numbers on both the purchase and the sale, you need to know your financing options. Many people today don’t have a strong-enough financial foundation to purchase another home before selling their own, so knowing this upfront can help you plan more appropriately.

Engage a local mortgage broker or lender and understand what kind of down payment you’ll need to make a purchase, given the price point and type of home you seek to buy. How much equity do you have in your current home, and is the equity available? Do you have enough of a down payment liquid and would a lender allow you to make the purchase before selling the home? Find out by going through the loan pre-approval process. A good, local mortgage professional is as valuable as a good real estate agent.

5. Make a plan

Now that you know your numbers, it’s time to come up with a plan and execute. The plan can vary greatly, depending upon any number of conditions. Some examples:

  • Buying in a competitive market? Adding a contingency that your current home must sell before you buy probably won’t work.
  • Selling in a competitive market? You may be able to negotiate with the buyer for a longer escrow or even a rent back. This would buy you time on the purchase side.
  • Selling in a slow market and buying in a competitive market? Need the sales proceeds in order to do the purchase? Unfortunately, you’re in the worst-case scenario. Consider the option of selling your home first and moving into temporary housing. While not the most physically convenient, it could be less stressful.
  • Need temporary housing? Start researching those options now well in advance.

 

http://www.zillowblog.com/2013-05-03

Real Estate Q&A: 1031 Tax-Deferred Exchanges and Renters Insurance Coverage | Pound Ridge Real Estate

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Investment property 1031 tax-deferred exchanges

Hi Leonard — I own a few investment properties, and I want to trade up to bigger properties. I’ve owned them a long time and would like to avoid paying taxes with a 1031 tax-deferred exchange. What are the ins and outs and basics on these? Rob H., Virginia Beach, VA

Hi Rob — OK first, are these investments performing well? If yes, you should really think through whether or not you want to trade up to a bigger property. Trading up to a better property may be a good idea, but not just a bigger one.

When you do an exchange, you might save money on taxes, but you still have the significant transaction fees that all real estate deals incur. So that could easily be 10-15 percent of the sales price — which is a much bigger slice of your equity that is gone, gone, gone due to the transaction.

The basics are simple: Sell one property, sales proceeds are held by a third-party intermediary, buy another property of an equal or higher price. Any taxable gain you would have had to recognize on the sale of the existing property is now deferred until you sell the new property (and it could be deferred indefinitely if you keep doing 1031 exchanges). But don’t forget those transaction fees.

The tough part is that you must identify the property(ies) you plan to purchase within 45 days of selling the first one and close escrow within 180 days. Many people take their own sweet time, and wham: The 45 days go by, the exchange fails, and they pay the taxes!

Make sure to get good quality advice on the rules and regulations way before you start the process to sell the first properties that you plan to exchange.

Renters insurance

Hi Professor — I’m considering requiring my existing tenants to carry renters insurance when their lease renews. They’re pressing back a little due to the cost. Any guidance on how to deal with this? Martha M., Cushing, OK

Hi Martha — Renters insurance protects everyone: the tenant, the landlord and people who are guests in the house. It’s pretty inexpensive, generally costing $125-$225 per year for basic coverage.

You can explain to them what it covers and why it is worthwhile for them to carry this insurance. It protects their personal property from damages or theft, covers liability in case someone gets hurt at the property and more (check the policy for specifics).

You could also offer to pay for or chip in for the policy for the first year, or longer. It gives you some protection, too. Insurance covers them for losses so they won’t ask you to cover their losses. Note: Even if you are not legally responsible, that doesn’t mean that you wouldn’t be asked to help by the tenant.

You certainly don’t want a good tenant to leave over a couple of hundred dollars, so think it through and do what you need to so your tenant stays in the property for a long time.

 

 

http://www.zillowblog.com/2013-05-03

‘Baywatch’ Days Remembered as David Hasselhoff Sells Longtime Home | Bedford Corners NY Real Estate

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Source: IMDb

Source: IMDb

David Hasselhoff has finally sold his longtime Encino, CA home for $3.549 million, but the question remains: Did the buyer snag any “Baywatch” memorabilia when closing the deal?

The actor’s home hit the market in November 2012 for $3.795 million. In addition to 5 bedrooms and 5.5 baths, the estate features a “pub room” where Hasselhoff proudly showcased awards, photographs, albums from his singing career and remnants of his famed “Baywatch” days.

The home also boasts maid’s quarters, a sunroom, pool with waterfall, chef’s kitchen and a wood-paneled library.

Hasselhoff purchased the property from actor John Goodman in March 1996 for $1.98 million. Since his “Baywatch” days,  he’s been seen performing on season 11 of “Dancing with the Stars” and judging “America’s Got Talent.”

 

http://www.zillowblog.com/2013-05-03

Retired Laker Mitch Richmond Lists Ultimate Guys’ Crib With Sports Bar, BBall Court | Chappaqua Homes

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Source: Wikipedia Commons

Source: Wikipedia Commons

You might expect to find a sports bar, built-in barbecue, basketball court and waterslide at a fraternity house or the Vegas Strip — not in your own backyard. But in a superstar athlete’s home, boys and their toys are taken to another level.

Former NBA Rookie of the Year Mitch Richmond has lived in this decked-out Calabasas crib with wife Juli and their three kids since 2004. The retired shooting guard is now selling the place for $9.495 million.

Located at 25374 Prado De La Felicidad, Calabasas, CA 91302, the sprawling Mediterranean mansion has 6 bedrooms and 9 bathrooms over 10,475 square feet. In addition to several backyard amenities, the home has a luxurious master suite, gourmet kitchen and a state-of-the-art gym with a steam room and sauna.

A sports bar with framed jerseys on the wall is a reminder of “The Rock’s” legacy as a six-time NBA All-Star and five-time All-NBA Team member. Although Richmond fell short in the 2013 vote for induction into the Basketball Hall of Fame, his career was nonetheless impressive, playing for the Golden State Warriors, Sacramento Kings, Washington Wizards and Los Angeles Lakers.

Richmond is currently back working with the Warriors as a scout. He’s also been a minority investor helping to persuade the NBA ownership relocation committee to keep the Kings in Sacramento.

Richmond bought the Calabasas property for $1.7 million in July 2004. A buyer can expect to pay around $33,301 a month, assuming 20 percent down on a 30-year fixed mortgage.

 

 

 

http://www.zillowblog.com/2013-05-03

Recolor Your Walls for a Better Mood | Armonk NY Real Estate

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Feeling uninspired in your creative life? Wish you could sleep better at night? Repainting your walls and redecorating with a new color scheme could be the solution — or at least the first step in getting out of your rut.

While color is not a magical solution to solving all of our problems, it does affect our mood and outlook, sometimes without us even realizing it. The advertising world, for example, takes advantage of our physical and psychological reaction to certain colors; most action movie posters have a blue and orange hue, and fast-food restaurants combine red and yellow to increase diners’ appetites.

Here are a few ways you can use color to create the mood you desire:

Red

Red walls - kitchen

Red is often associated with passion, excitement and love, which means that it can be the perfect shade for your bedroom, kitchen or creative space. Darker hues indicate elegance, while red in its purest form communicates a vibrant energy. Red is an extremely powerful color, so be careful of overdoing it and turning your room into a living furnace. Balance it out with neutral colors, pair with blue and white for nautical tones or add dashes of green decor for a natural complement.

Orange

Orange kids room

Orange can have much of the same effect as red and yellow, but can give your home a much quirkier feel, as it’s not used as often as the other two. Orange is also more inviting and a gentler way of greeting your guests than the bolder red. Go for dark hues if you’re aiming for a cozy, autumn feeling in your living room, or bright shades if you want to re-create the excitement of summer. Optimal rooms for an orange theme include the living room, dining room, kitchen or a child’s room.

Yellow

Yellow office

Yellow is easily the most uplifting color in the spectrum and is associated with cheer, joy and happiness. Paint your kitchen, bedroom or office yellow to inspire creativity and instantly de-gloom even the most windowless of rooms. If you don’t live in mostly sunny areas, use yellow as your secret weapon and invest in some mirrors to perpetuate openness and space.

Green

Green bedroom

In addition to being the natural color of most vegetables and thus associated with health, green also has a calming effect and can inspire balance. Green is also closely related to fecundity and growth, and can greatly maximize the creative aura of your home office or creative space. If you’re not quite committed to painting the walls green just yet, try populating the room with plants instead.

Blue

Blue living room

Keep blue, gray and black out of the kitchen and dining room, as these are the most unappetizing colors. Blue can be a perfect hue for bathrooms and bedrooms, encouraging feelings of serenity and peace. If you have trouble sleeping or feel frenetic at night, paint your walls blue to trick your mind into slowing down.

While many do associate it with sadness, remember that the specific shade of blue can have different meanings, including a host of religious connotations for many different cultures. Overall, a lighter blue can be refreshing and hip, while darker shades in a main living area are stable and strong.

Purple

Lavender bathroom

This is an extremely energetic color in its purest form, which is why many feng shui experts advise against painting walls purple or going overboard with purple decorations. Rather than a strong purple, opt for more muted shades like lavender or pink.

Pink is obviously often related to love, but can also be a gentler and more delicate option for purple enthusiasts. Pair with yellow-green for a dramatic pop, or black for a classy effect with just the right amount of flair.

 

http://www.zillowblog.com/2013-05-03

Will the Grand Bahama Real Estate Market ever recover? | Bedford Hills Real Estate

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The question on everyone’s mind is …. Will the Grand Bahama Real Estate Market Ever Recover? The reports from our neighbors across the pond in the U.S. are that the Real Estate Market is back and the market IS recovering. In Miami, Florida only 100 miles away not only have real estate prices recovered, but there is a shortage of condos and developers are building more condos to keep up with the future demand. They are calling it a condo boom. We all know this is not the case in Grand Bahama but as a small country so heavily influenced by the U.S. market, we can not be too far behind. We usually lag behind the U.S. by about 14 months or so and we of course have our own unique problems in Freeport so the recovery may be slower than expected but the trends look positive. No one has a Crystal Ball that can see the future exactly but with the current state of the world economy there are many factors that give us an indication of the Future of Real Estate on Grand Bahama Island.

An important point to keep in mind is that it is very difficult to make broad statements about the state of the Grand Bahama Real Estate because there are many different Real Estate Markets on the Island. There is a big difference between raw land, lower income homes, high end beach front homes, condos and duplexes. No one would ask you how the weather is in the United States because that’s too general. The weather is of course different in Buffalo, New York then in Phoenix, Arizonia. So when looking at real estate we have to identify what sector of the market we are talking about especially when looking at trends.

One of the biggest problems we have on the island in my opinion for the local residential housing market is the lack of jobs and good paying jobs. This lack of jobs has caused the local residential prices to fall. If the job market improves you will see the real estate market in the residential market and all sectors of the market improve. It’s that simple. Jobs create consumer confidence and the ability for buyers to borrow money from the banks for mortgages. Not only can people borrow money but homeowners can pay their current mortgages. We need new projects and new excitement for Freeport like we are seeing in Nassau only 150 miles away. The Sunwing project whereby they will lease 500 rooms at The Grand Lucayan, have direct flights from Canada and hire over 1,000 people is certainly a good start. The announcement of the water theme park west of the Stoned Crab is good news as well. Now we need more airlift direct to Freeport, more projects and the momentum for recovery will improve.

If you look at The Freeport News there are growing pages and pages of Foreclosure Homes being sold by the banks. As long as there is a huge supply of Bank sales it will be difficult for a “normal” seller trying to sell their home so they can move up, move down or change address because buyers can buy bank distressed homes at highly discounted rates if they have cash, a good job and good credit. Real Estate is about movement and without movement you have stagnation which creates a dead market. So in light of all this we don’t need a Crystal Ball to tell us that there is high unemployment, an oversupply of homes, a big supply of bank foreclosures, banks not lending money and a flat real estate market with prices going down because sellers can’t sell due to lack of buyers.

So the future of the residential market in the short term is going to be more of the same for 2013 with a little upswing in certain sectors. Until we can clear the inventory of distressed homes and the job market improves the local real estate market will remain stagnant. This is a general statement for the local residential sector which does not mean that there won’t be buyers and sellers but the market will be very competitive and the majority of sellers will have to continue to be patient. If you are a seller in this sector be patient and do EVERYTHING you can to make your house competitive in this very difficult market. Hire a professional real estate agent and price your home for exactly what it’s worth. The strategy of pricing a home high and letting buyers make a lower offer can backfire. If you are a seller you are in competition with every other house on the market and there are more homes on the market than there are buyers hence it’s a Buyer’s Market.

Is the Real Estate market dead? The answer is no. The real estate market is slow in the local residential sector, however there are other sectors of the market which are showing some signs of growth. Income producing properties, some vacation rental properties, high end water front properties and commercial property are showing signs of recovery even in these difficult times. If you are an investor with access to cash or bank financing there are really good deals in this sector of the market. In all sectors of the market, sellers have had to lower prices with buyers locally and from abroad coming to our “depressed economy” looking for a deal. The good news for buyers is that sellers are getting real and willing to take a real look at offers. The offers are few and far between so real offers are being considered

 

 

 

http://freeport.nassauguardian.net/business

Population size is only one factor in influencing property prices | Katonah Real Estate

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  • tpbje20130428140_35472005.jpg
The notion that fewer people leads to lower property prices is not always destiny. Photo: Xinhua

During a recent discussion with business school students at Tsinghua University the question arose as to whether real estate prices would fall if populations began declining.

This is certainly likely, yet it is still just one possibility, and the notion that fewer people leads to lower property prices is not always destiny.

Here’s why. First, population does not have a significant correlation with real estate prices. For instance, India has a population that is close to (and is expected to one day exceed that of) China.

Its population density is even higher than that of China.

However, the fact is that real estate prices in India remain below those of China.

Another example would be the Scandinavian countries, which have relatively low populations but high property prices.

Secondly, GDP or income is generally the more influential factor in determining real estate prices. Whether a single market across different time spectrums, or a single moment across different markets, real estate prices generally reflect and jive with earning power.

Other factors such as supply generally do not come close in terms of price influence.

Furthermore, population and demographic change, whether up or down, may not only alter the scale of demand, but also its nature in sometimes creating new demand.

A city with decreasing population is likely to see some real estate surpluses. However, the demand and supply structure (pricings included) is also altered, and sometimes new demand may arise because of this.

So even assuming a price drop scenario, this may not be as bad as expected provided the market has enough flexibility to adapt.

For instance, real estate surpluses – when accompanied by price drops and/or income rises – may entice some stakeholders to acquire more floor space or units, thus reducing the anticipated volume of vacant space and units.

Also, the land on which some of the real estate surpluses is located may be redeveloped or altered to cater to the changes in demand.

In short, the demand side is not an inflexible constant and when supply changes alter the pricing equilibrium, demand may respond to restore it or reduce the supply impact.

However, in order for such market adjustments to work themselves out, the land/real estate system needs to be flexible enough to facilitate such demand and supply interaction.

This may be challenging because private interests often collide with public interests, not to mention the possibility of excessive government influence and/or lack of a proper negotiation process and compensation.

The search for the right mix will take decades via trial and error and it is prudent to start contemplating while the population is still growing.

The key to preventing a major real estate price tumble is not having more babies, but enhancing economic competence and income-earning capability.

 

 

http://www.scmp.com/property

Commercial Real Estate and Low Interest Rates | South salem NY Real Estate

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Commercial real estate construction faltered during the 2007 recession and has improved only slowly during the recovery. However, low interest rates have led to higher property valuations and are clearly benefiting the sector. The recovery of commercial property prices has been notable. Some measures suggest that, in some segments of the market, prices are close to their pre-recession highs. Valuation measures do not suggest that current prices are excessive.

The recent downturn in nonresidential construction activity has been one of the most severe in memory. Even controlling for the depth of the recession, construction of nonresidential structures has dipped to a share of gross domestic product lower than that seen in any downturn since the 1960s. Figure 1 shows that the sharp drop in activity in the early part of the 2008–09 recession accounts for much of the recent weak relative performance in nonresidential construction.

Figure 1
Commercial real estate investment over business cycles

Commercial real estate investment over business cyclesNote: Shares of real GDP indexed to 1 at cyclical peak.

The commercial property downturn in part reflects how the slump in the broader economy led to a deterioration of real estate fundamentals, such as rental price appreciation and vacancy rates. The magnitude of the collapse in new construction was probably also due to the extraordinary developments on the pricing and funding side of the commercial real estate sector. Commercial property prices fell about 40% from late 2007 to early 2010. This shock to real estate collateral values led to a sharp contraction in funding for commercial real estate projects. Commercial real estate loans outstanding fell 18%, and securitization of new commercial mortgages seized up.

Figure 1 could be read as indicating that the entire commercial real estate market is still seriously depressed. However, the reality is more nuanced. First, the commercial real estate market consists of both new and existing properties. It’s true that builders are not adding much new space. But there are signs of a rebound in the market for existing properties. Second, drilling down below the aggregate statistics, commercial real estate is performing differently both within and across geographical markets. Furthermore, owners of properties that are completed and fully leased have access to credit on very favorable terms. By contrast, conditions are different for more marginal properties that are not leased up or producing reliable cash flows.

Figure 2
CMBS spreads

CMBS spreads

Let’s examine the first point, that conditions in the existing commercial property market are better than might be predicted based on the level of new nonresidential construction. One piece of evidence comes from the risk premiums that investors in commercial mortgage-backed securities (CMBS) require, which are reflected in the interest rate spreads over comparable risk-free rates. Figure 2 plots the path of the spreads of an index of AAA-rated CMBS yields over 10-year Treasury securities. Spreads on the senior CMBS tranche, which are the safest claims, are shown by the solid blue line. These spreads spiked in 2008 during the financial crisis, but have since moved back down to levels in effect before the crisis. All the same, concerns about risk are still evident in the CMBS market. The spreads on the riskier junior tranche of the AAA-rated CMBS index, indicated by the dashed red line, have not recovered as much as for senior bonds. Moreover, these spreads shot up again, along with all other risk spreads, in response to the European sovereign debt crisis.

Commercial real estate investments typically require a high proportion of borrowed funds. Access to and terms for credit figure importantly in how able and willing investors are to pay for properties. The easing of pricing for commercial real estate debt has helped fuel a mild lending recovery. Securitization of commercial real estate loans is nowhere near its level before the recession, but the pace of issuance has begun to revive. Likewise, commercial bank lenders have returned to the market, and the stock of bank nonresidential real estate loans has ticked up.

Valuation measures in commercial real estate

One common metric for valuing commercial real estate is the capitalization rate, or cap rate. It is defined as the ratio of the expected annual net operating income on a property to the price of the property. The concept is similar to the earnings yield on a stock. Net operating income changes slowly, so much of the variation in cap rates over time is due to changing property valuations.

As should be expected, interest rates, cap rates, and commercial real estate valuations move closely together. A basic principle of finance is that prices are the present value of future expected cash flows. Those prices depend critically on what discount rate is applied to these cash flows. As interest rates fall, the rate at which the cash flows on commercial properties are discounted also falls, pushing commercial real estate prices up.

Hobijn, Krainer, and Lang (2011) investigated the behavior of cap rates in different regional markets and different property categories, including offices, retail, industrial, and multifamily residential. Their goal was to explain what drives cap rates, that is, to what extent cap rates reflect discount rates and expected future cash flows respectively. They constructed a weighted index of cap rates from metropolitan markets across the country using a statistical technique called principal components analysis. They found that this weighted cap rate index moved closely with the level of interest rates. This suggests that changes in interest rates, which occur nationwide, lead to changes in commercial real estate discount rates across all local markets.

By contrast, after accounting for the interest rate component in the statistical analysis, other measures of real estate fundamentals, such as regional unemployment rates, have weak relationships with metropolitan cap rates. This is not to say that cap rates have no relationship to any economic variable except interest rates. Cap rate levels still vary over time with idiosyncratic features of local economies or individual properties. It is simply that most of the common variation of cap rates across markets can be attributed to the movement of interest rates over time.

 

http://www.frbsf.org/publications

Realistic pricing pays off in sales in a slowing housing market | Waccabuc Real Estate

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Real estate broker Nina Miller advertised the home in the paper, but the offers arrived so quickly she didn’t have the chance to even put up a “for sale” sign outside the Hampstead cottage.

Despite the recent slowdown in Montreal’s real estate market, Miller’s phone buzzed with inquiries last month as soon as she’d listed the renovated, four-bedroom house for sale mid-week. She showed it that weekend, while her clients were off for a quick getaway in the Laurentians. By the time they got back, she’d received a conditional offer on the home for just over $1.1 million — the full listing price.

“There are still some homes that sell right away,” Miller said. “There are buyers for turnkey homes. And it (the Hampstead home) was priced properly. What happens often is that people put their properties out for $200,000, or even $300,000 too high. It takes a much longer time to sell because it puts (buyers) off.”

That the home took a week to sell was not a one-off fluke, buyers, evaluators, mortgage and real estate brokers say, even at a time when the inventory of Montreal homes for sale is at its highest point since the late 1990s. Indeed, brokers point to several cases of Montreal Island properties selling for full asking-price within days — or even within hours at some new condo towers.

They suggest the current market slowdown is due not just to the highly-publicized tightening of rules on insured mortgages and a vast condo supply inflated by years of near-record construction — but also to some extent, by greedy sellers. Indeed, a Gazette analysis of around 70,000 Montreal homes sold by brokers since 2008 shows the gap between average asking and selling prices widens as the real estate market gets weaker, suggesting some sellers are still making unrealistic demands following years of rapidly climbing property values.

Read more: http://www.montrealgazette.com/business/

Mobile Real Estate Apps Are Here to Stay | Cross River Real Estate

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I do not believe that mobile is the future of online real estate search. Why you ask? Because mobile is online real estate search and consumers have already been conditioned to get the information they want from their smartphone. With the popularity of real estate apps and searches, it’s difficult to make an argument that the mobile real estate revolution hasn’t already arrived.

According to the Google/NAR Digital House Hunt Study, “36 percent of home buyers use a mobile device while watching TV.” We know that home buyers use different technology during every different phase of their home search, but as practitioners, are we reactive or proactive in how we respond, adapt, and offer technology to our clients?

In an effort to be proactive, I have spent this past year informally polling all of my buyer clients on their search habits. What I’ve discovered is that some like Trulia, some like Zillow, some like to perform a basic Google address search but a lot are using the realtor.com® app. While there are no major differences with any of these apps, my polling revealed that mobile real estate search preferences vary according to personal style and familiarity with the application or program.

Personally, I have been evaluating the realtor.com® mobile app for iPhone. So far, I think it has fairly good features not only for the agent but also for the consumer. And my clients are loving it! The real difference between this app and many others is that with the realtor.com® app, I can add my clients using my login information—much like a friend request on Facebook—and once my client accepts, we are connected. Because of this feature, there’s a collaborative aspect to this app; I can send my clients homes they may be interested in and more importantly, they can send me homes they want to see or get more information about.

For example: Last weekend, one of my clients was driving around looking at neighborhoods, saw a home, opened the realtor.com® app, and used it to get details about the home. Instantly, the details were sent to my phone, which alerted me of my client’s desire to see the property. This is a perfect example of the collaboration between home buyers and their agents that our industry has been talking about for years.

If you haven’t done so already, I encourage you to download the app and ask a few clients to do the same. They will be happy you are involving them in the home buying process and you’ll be able to check out some pretty neat technology. Mobile is not the future, mobile is now. So what are you waiting for?

 

 

http://ypnlounge.blogs.realtor.org