Posts Tagged ‘Affordability’
Most Realtors don’t know this
Most Realtors don’t know this formula, and their clients pay the price! Although every lender knows this formula, because Realtors don’t know it, they’re not writing contracts that can best leverage today’s market to reduce the affordability for their buyers. The question is “how many closing costs can a seller pay?” *Disclaimer: this data is…
Read MoreInterest Rates
If you’re following the residential real estate market, you might be thinking “The sky is falling!!” Afterall, 30-year fixed interest rates on a residential mortgage have gone from 3.5% at the beginning of this year all the way up to around 7%. That’s double the interest rate! It feels like everything should be falling apart,…
Read MoreWhy Realtors aren’t confident in their finances
If you’re watching this video, you’re probably a residential real estate agent. If you’re like me, there have been times in your career where you’ve felt a little bit of anxiety around your personal finances. I hated that feeling, but it’s real because we’re on 100% commission. There is no salary. There is no consistency…
Read MoreFour kinds of buyers you can tap into TODAY
Here are four kinds of buyers who are going to be excited to buy a home in 2023. Showings are down 20% year-over-year in the fourth quarter of 2022, and new sales are down 16%. We expect that trend to continue, and the experts believe we’ll see 33% less transactions in 2023. So how are…
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