Your Home Sold in 72 Days Guaranteed

Guaranteed Home Sold in 72 Days – Greetings Virginia Real Estate Sales Network

Your Home Sold Guaranteed

GUARANTEED Home Sold in Virginia

While every agent will promise to sell your home, the reality of the real estate market today is that, this simply doesn’t always happen. Needless to say, this is highly frustrating to a home seller like you. Well, we set ourselves apart from most agents by being accountable to you. In other words, we don’t just promise to sell your home, we Guarantee it. Our Sell Your Home in 72 Days campaign is as simple as this:

We guarantee to sell your home in Virginia within 72 days or we will buy it.
As you can see, we put our money where our mouth is. Instead of making you empty promises, we give you a written guarantee of performance and if we don’t live up to this agreement, you pay us absolutely nothing at all. We’re taking all the risk so you don’t have to, and this gives our many clients much greater peace of mind in the home selling process.

Want to know more? Just fill out this short inquiry and we will contact you soon.

Your Home Sold GUARANTEED!

Your Home Sold GUARANTEED!

 

 

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Brand Report: Home Sales Cool, Price Increases Moderate


Unlike the month’s temperatures, July home sales cooled off from June’s highest year-to-date level. In the RE/MAX National Housing Report analysis of 53 U.S. cities, July sales fell in 49 markets by 8.8 percent from July 2015 and by 13.1 percent from June. Over the last seven years, the average drop in sales from June to July has been 8.2 percent. The Median Sales Price dropped slightly from June to $225,000, which is still 4.7 percent higher than one year ago. At the same time, inventory continued to tighten by dropping 3.0 percent lower than June and 16.6 percent lower than a year ago, resulting in a Months Supply of just 3.5. Five metro areas reported an inventory supply of less than two months. Meanwhile, the average Days on Market dropped to 53 which is just one day less than the average in June and four days below last year. For this month’s housing report infographic, visit.  

After a June jump in home sales, it’s quite common to see July sales make a correction,” says Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. “This is a summertime pattern that we often see on a national level. Of course, one month doesn’t make a trend and we still have a couple more months ahead in the traditional home-buying season. At the same time, it’s important to note that, on a year-over-year basis, prices are rising at a moderate rate that’s very much in line with historical averages.”

“One of the most important things for consumers to realize is just how regionalized housing truly is,” adds Bob Walters, Quicken Loans, Chief Economist. “While those on the West coast are being surprised by their high appraisals, homeowners in the Northeast and Midwest are more likely to be shocked by their low values. If homeowners keep an eye on local home sales, they can be better aware of their current home value and not be shocked when they go to sell or refinance.”

Closed Transactions – Year-over-year change
In the 53 metro areas surveyed in July, the average number of home sales was 8.8 percent lower than one year ago, and was 13.1 percent lower than the previous month. It’s not unusual to see a midsummer slowdown in sales. Over the last seven years, the average drop in sales from June to July has been 8.2 percent. Despite the trend, four metro areas surveyed reported sales higher than one year ago, including Providence, R.I. +3.7 percent, Boise, Idaho +2.1 percent, Raleigh-Durham, N.C. +1.4 percent, and Albuquerque, N.M. +0.2 percent.

Median Sales Price – Median of 53 metro median prices
In July, the median of all 53 metro Median Sales Prices was $225,000, down 1.3 percent from June 2016, but up 4.7 percent from the Median Sales Price in July 2015. July is the 54th consecutive month without a drop in price from the previous year. The 4.7 percent increase in prices continues this year’s trend of moderating price increases. Among the 53 metro areas surveyed in July, only three had a year-over-year drop in Median Sales Price. Two metro areas reported numbers that were unchanged and the remaining 48 metros reported higher prices than one year ago, with ten rising by double-digit percentages, including Honolulu, Hawaii +14.8 percent, Orlando, Fla. +14.4 percent,  Nashville, Tenn. +14.0 percent, Tampa, Fla. +13.0 percent, Denver, Colo. +12.2 percent and Portland, Ore. +11.3 percent.

Days on Market – Average of 53 metro areas
The average Days on Market for all homes sold in July was 53, down one day from the average of 54 in June 2016, and down four days from the average of 57 in July 2015. July 2016 was the 40th consecutive month with a Days on Market average of 80 or less. In the four markets with the lowest inventory supply, Denver, Seattle, San Francisco and Omaha, Days on Market was 21, 23, 24 and 24 respectively. The highest Days on Market averages were seen in Augusta, Maine at 130, down from 142 in June, and Des Moines, Iowa at 90, down from 102 in June. Days on Market is the number of days between when a home is first listed in an MLS and a sales contract is signed. 

Month’s Supply of Inventory – Average of 53 metro areas
The number of homes for sale in July was 3.0 percent lower than in June, and 16.6 percent lower than in July 2015. Based on the rate of home sales in July, the Months Supply of Inventory was 3.5, which is close to last month and last year, 3.2 and 3.9 respectively. A six-month supply indicates a market balanced equally between buyers and sellers. The number of metros with a Months Supply of Inventory below 2.0 may also be stabilizing at five, down from eight in June. The five metros with less than a two-month supply include Denver, Colo. 1.4, Seattle, Wash. 1.4, San Francisco, Calif. 1.5, Portland, Ore. 1.8 and Omaha, Neb. 1.9.


For more information, visit www.remax.com.

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HUD and VA Work to Find Permanent Homes for Homeless Veterans


The U.S. Department of Housing and Urban Development (HUD) and the U.S. Department of Veterans Affairs (VA) recently announced a second round of funding to help provide permanent homes to an estimated 108 veterans experiencing homelessness in seven states.  The rental assistance announced this week is provided through the HUD-Veterans Affairs Supportive Housing (HUD-VASH) Program which combines rental assistance from HUD with case management and clinical services provided by VA (see attached list of HUD’s voucher awards).

Recently, HUD, VA and the U.S. Interagency Council on Homelessness (USICH) announced the number of veterans experiencing homelessness in the United States has been cut nearly in half since 2010. The data revealed a 17 percent decrease in veteran homelessness between January 2015 and January 2016—quadruple the previous year’s annual decline—and a 47 percent decrease since 2010. Additionally, while answering the Obama administration’s Mayor’s Challenge to end Veteran’s Homelessness, several mayors have declared their cities have officially ended it.

“There is momentum across the nation as community after community effectively ends veteran homelessness,” says Secretary Julián Castro. “Today’s funding will help more cities reach this important goal and ensure that we serve the brave men and women who have served and sacrificed for us. HUD and its local partners are determined to give every veteran the opportunity to secure a safe, stable place to call home.”

“The dramatic reduction in Veteran homelessness in recent years would not have been possible without the pairing of housing choice vouchers with case management and supportive services under the HUD-VASH program to help the most vulnerable Veterans become and remain stably housed,” says VA Secretary Robert A. McDonald. “The HUD-VASH awards announced [this week] will support the ongoing and important work underway to ensure that homelessness among Veterans is rare and non-recurring.”

In June, HUD awarded nearly $38 million to help more than 5,200 homeless veterans find homes. That funding ensured that communities could provide the critically needed housing assistance and case management services to those veterans and their families experiencing homelessness.

In 2010, President Obama and 19 federal agencies and offices that form the U.S. Interagency Council on Homelessness (USICH) launched the nation’s first comprehensive strategy to prevent and end homelessness. Opening Doors: Federal Strategic Plan to Prevent and End Homelessness serves as a roadmap for how the federal government will work with state and local communities to confront the root causes of homelessness, especially among former servicemen and women. To support communities as they progress towards the goal of ending veteran homelessness, USICH has identified strategies that increase collaboration and coordination among programs serving veterans experiencing homelessness.


Since 2008, more than 79,000 vouchers have been awarded and approximately 111,000 homeless veterans have been served through the HUD-VASH program. Rental assistance and supportive services provided through HUD-VASH are a critical resource for local communities in ending homelessness among our nation’s Veterans.

In the HUD-VASH program, VA Medical Centers (VAMCs) assess veterans experiencing homelessness before referring them to local housing agencies for these vouchers. Decisions are based on a variety of factors, most importantly the duration of homelessness and the need for longer term, more intensive support in obtaining and maintaining permanent housing. The HUD-VASH program includes both the rental assistance the voucher provides and the comprehensive case management that VAMC staff offers.

Veterans participating in the HUD-VASH program rent privately owned housing and generally contribute no more than 30 percent of their income toward rent. VA offers eligible homeless veterans clinical and supportive services through its medical centers across the U.S., Guam, Puerto Rico and the Virgin Islands.


For more information, visit www.hud.gov.

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Where Innovation and Networking Meet: Registration Open for realtor.com Results Summit


The real estate market’s made record strides this year, with spring and summer’s decade-high activity offering an encouraging outlook for the future.

PrintThere’s no better time to capitalize on the market’s momentum than at the Realtor.com® Results Summit, taking place this September in Las Vegas, where real estate professionals have the opportunity to learn from industry innovators, knowledge-share with peers, and understand the latest trends and technologies impacting real estate.

The event, to be held on Sept. 19 and 20 at the Encore at Wynn Las Vegas, features several notable sessions:

Social Influencer Breakfast Panels – Panel participants will share success strategies for social media lead generation and cultivation, with panels streamed on Facebook Live.

Economic Outlook – Realtor.com® Chief Economist Jonathan Smoke will share the fundamental drivers in the market in the year ahead, including demographic and economic trends.

Technology Innovators – Matterport CEO Bill Brown will share the technology behind the 3D immersive marketing experience revolutionizing real estate.


Success Factors for Millennials – Million Dollar Listing San Francisco star Andrew Greenwell, founder of Venture Sotheby’s International Realty, will share his journey, as well as how to attract, serve and delight millennials.

The Power of Prediction and Lifetime Leads – Eric Siegel, author of Predictive Analytics: The Power to Predict Who Will Click, Buy, Lie or Die, will share insight on predictive analytics for real estate, touching on the hyper-personalized home search experience and lead follow-up.

To view the agenda in full, visit realtor.com/summit/.


 

To register for the realtor.com® Results Summit, click here.

Realtor.com® is operated by Move, Inc., a subsidiary of News Corp. Move, Inc.’s network of services and websites include Doorsteps®, FiveStreetSM, ListHub™, MarketSnapshotSM, Moving.com™, Reesio, SeniorHousingNetSM, TigerLead® and Top Producer® Systems.

For more information, visit realtor.com/summit/.

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“Nicaragua” Is Not an Address: Success Strategies for Cross Border Referrals


Do you work with clients who have real estate needs outside of U.S. borders? As the global marketplace continues to evolve and more people purchase homes outside of their native countries, you can provide exceptional service to them by helping them connect with a broker just about anywhere in the world (“just about” being the operative phrase) through a referral.

Working with referrals outside of American borders is an education, providing lessons in geography, math (read: name that time zone) and perhaps most importantly, cultural awareness. The norm is that there is rarely a norm. Real estate practices vary from country to country, and just when you think you have one country figured out you will be quickly confused by another.

The challenge of cross border referrals is made greater by the number of people involved. In some cases, there is the client who is buying or selling, the agent who is working with the client, the relocation or business development team who is working with the referring agent and, in companies that specialize in this type of business, a cross border referral team who is working between the originating company and the destination broker. Does that make your brain hurt? Here are some ways you can ease the pain:

Set the Bar Low and Beware of Tire Kickers

At the risk of sounding pessimistic, cross border referrals have many variables and numerous points at which the transaction can derail. Caution clients that this is a difficult and almost assuredly slow process. The clients should have their paperwork, finances and basic research in order before the process begins. Is the client really prepared to purchase a €3-million-dollar chateau in the south of France, or is he having a midlife crisis and watching too much House Hunters International? Ensure that the client who is buying or selling is serious, not just testing the waters. Wasting the time of a valuable contact all but guarantees that he or she will not be interested in doing additional business in the future.

Communicate Clearly


Abandon the notion of “That’s how we do it here.” Your way of doing things is not universal; for instance, you might prefer conducting all of your communications via email. Many countries are not as email-centric as the United States. Also, keep in mind that if you are trying to establish initial contact with someone who does not speak English as a first or even second language, your email could easily be perceived as junk mail.

Contacting someone by telephone is always the best first step. Certainly this can be intimidating, even hilarious at times, but making the attempt shows legitimacy. Who would spend the money or time to make prank phone calls to another country? Anyone can send an email, and it doesn’t cost a dime; that phone call says you mean business (even if you butcher the language).

Google Translate is a huge help, even if you can only squeak out a few words in the language at hand. Occasionally you’ll get someone on the other line who speaks a bit of English, and you will make progress. Once you reach a point when you can get an email address for your contact, communication by email is easier with the help of Google Translate. A tip in regards to using any translation site: use the most basic vocabulary possible (caveman speak). Avoid slang or colloquialisms and remember that many English words have multiple meanings. Always follow-up by phone because if the recipient is receiving an email in a language other than their own, there is a good chance they (or their email server) may think it is spam.


Know That “Nicaragua” Is Not an Address

Getting detailed information is key; this cannot be overstated. When gathering information from the client or referring agent, make sure to get all of the facts. This includes: client contact information, exact listing address (country, city, state/province and postal code), housing type, language requirements of the buyer or seller and any other pertinent details. The more information gathered, the smoother the process will be. Less back and forth with the destination broker will cut-down on placement time.

Exercise Patience

This can be easier said than done. We are in a drive-thru, next-day-delivery, order-from-your-phone culture. This is not always the way the rest of the world works. Getting a response from a broker in another country can take days, on occasion more than a week. Being patient is key and communicating that to all parties involved is essential.

Accept Differences in Business Practices

While your company might pay on a buyer referral, it is uncommon in some parts of the world, including the United Kingdom. Understand that this is not a character flaw of the destination broker or a bad policy of the company he or she represents, it’s simply not a business practice there. Take one for the team and understand that even though you aren’t getting a share of the commission, you are providing your clients with great service, and they will likely come back to you with future business and refer you to their friends and family. To avoid an uncomfortable situation, have the referral fee conversation up-front with the destination broker and make sure to send a referral agreement.

Another major difference to keep in mind is that in some countries, no real estate license is required to sell real estate — that means anyone can sell a house (yikes!). It’s always best to go on the recommendation of someone who has worked with the company before. When that’s not possible, research, research, research. Find out about the economy in the destination country; are they having any major political issues or other threats to the housing market? Dig around the Internet with the agent or broker’s name and the company name; look for a physical address of the company, not just a website. If your gut instinct tells you that something is off-base — keep searching.

Leading Real Estate Companies of the World®, a selective global community of the highest quality independent real estate companies, has made it a priority to effectively service this type of business with a Cross Border Referral Team based in several different countries. The team serves as a hybrid of liaison/concierge/matchmaker to assist member brokers and others when their clients have real estate needs around the world, reflecting the global focus of the network.

Despite the many differences between cross border referrals and business sourced closer to home, there is no discrepancy in what is most essential: the value of human touch and impact of an agent who is willing to go the extra mile. To learn more or to get assistance with cross border referrals, visit www.crossborderreferrals.com.

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Mortgage Rates Hover at All-Time Low


Average fixed mortgage rates dipped slightly last week, remaining near their all-time record lows, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®).

The 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August 18, 2016, down from the last week when it averaged 3.45 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.

The 15-year FRM averaged 2.74 percent with an average 0.5 point, down from the last week when it averaged 2.76 percent. A year ago at this time, the 15-year FRM averaged 3.15 percent.

Additionally, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.76 percent with an average 0.4 point, up from the week prior when it averaged 2.74 percent. A year ago, the 5-year ARM averaged 2.94 percent.

“Ahead of the release of the FOMC minutes for July, 10-year Treasury yields were little changed from the prior week,” says Sean Becketti, chief economist, Freddie Mac. The 30-year fixed-rate mortgage fell 2 basis points to 3.43 percent this week, erasing last week’s uptick. For eight consecutive weeks, mortgage rates have ranged between 3.41 and 3.48 percent. Inflation is not adding any upward pressure on interest rates as the Bureau of Labor Statistics reported that the Consumer Price Index was unchanged in July.”

For more information, visit www.FreddieMac.com.


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