Don’t give your home away—not in one of the strongest markets we’ve seen in the last decade.
As I’m sure you’ve heard, the Las Vegas/Henderson market has been on fire this year. As a result, an interesting trend has been occurring that affects home sellers. Companies like Opendoor are getting more involved in the market and spending more and more dollars to convince you to sell your property to them.
Why does it make sense for them to buy your property? Because they’re investors who’re looking for a return on their investment. Why would it make sense for you to sell your property to them? Usually it’s because your home sale faces a significant challenge—perhaps your home needs to be fixed up but you don’t have the money to do so, you’re on a tight timeline, or you’re just overwhelmed with the process in general.
If you’re up against the wall and you need to sell quickly, you could sell to a company like Opendoor, but you should know that you might be leaving more money on the table than you’re aware of if you do. In our current market, many listed properties are receiving multiple offers and selling above their appraised value.
Companies like Opendoor do everything based on past sales (or anything that’s sold within the last 60 to 120 days), but the real market operates based on what’s going to happen in the future. Understanding this is how we get our clients top dollar for their homes—by generating buyer traffic, pushing the price, and negotiating until the sale goes above the home’s appraised value.
Don’t give your home away—not in one of the strongest markets we’ve seen in the last decade.
If you’d like to know more about how we can sell your home quickly and for top dollar or you have any questions about our current market, don’t hesitate to reach out to me. My team and I would love to help you.
If agents aren’t educated about the real estate business, the consumers are the ones who get hurt. That’s why it’s so important that agents know the real estate contracts like the back of their hand.
I just finished one of my continuing education classes I’m required to take every two years to retain my real estate license, and this most recent class was about today’s topic: real estate contracts.
Something, in particular, blew me away about this class: Despite the fact that all the agents in the audience had a least a couple years’ worth of experience, about 90% of them knew very little about the contracts we use day in, day out.
I bring this observation up for a couple of reasons.
First, if you’re a consumer, you should know that just because someone passed their real estate license exam doesn’t make them qualified to help you buy or sell a house. Nor are they automatically qualified if they’ve been in the business for five or 10 years.
Out of the 40 agents in this class, only three had been in the business for 20 years or longer. I was one of them, and all three of us knew every provision and every term of every contract. By contrast, most of the other agents couldn’t even describe what the word “contingency” meant, or why a date and time are needed next to the duties owed form. It’s important to know about this form, because it’s a document that needs to be signed before you go into a listing agreement or purchasing agreement. More specifically, it outlines who’s representing who in the transaction and what their duties are.
Second, it got me thinking that we have to find a way to get agents better educated. Too many brokers who have little-to-no training themselves are opening up brokerages and then hiring people without taking the time to teach them the basics. To me, the scary part is that the consumers are the one who will ultimately be hurt by this. If you hire someone who doesn’t know the basics of the real estate business, you’re the one who’s exposed.
For example, I got a call this morning from a lender friend of mine who told me he’s doing a loan that won’t close on time for a buyer whose agent knew it wasn’t going to close on time when they wrote the offer. The buyer’s agent was new to the business, and he wrote a very attractive offer that, unfortunately, also had a very short closing window.
The sad part is that the seller’s agent was a competent, experienced agent who knew what would happen but didn’t do anything to reach out and amend the situation. The seller’s now planning on canceling the transaction, and the buyer will lose their earnest money deposit.
If you’re a real estate agent, make sure you take the time to learn the business and learn your contracts. You should know every paragraph and every sentence of them. If you don’t understand them, get in touch with a veteran agent or someone else who can explain things to you. This business attracts a lot of people because they like the idea of having the freedom to control their own schedule and making a lot of money. The reality, though, is that the real estate business is about looking out for other people’s best interests. Ultimately, the undoing of a real estate agent comes from not being engaged in learning the business.
If you’re a buyer or a seller, ask your agent simple questions about your contract during the home sale process. If they don’t know about that stuff backward and forwards, they’re just pretending to be a real estate professional. Also, don’t just hire someone because you like them or they’re a family member. If you have any questions or want more information, feel free to send me an email or a phone call. I look forward to hearing from you soon!
If you want to increase your home’s value before listing it, there are three projects you can do that will improve its sustainability and make it more attractive to buyers.
If you are thinking of selling your home, think sustainability.
A new survey by the National Association of Realtors just came out, and it made some remarkable points. For example, 61% of Realtors said clients are interested in sustainability. Also, a whopping 71% of Realtors said energy efficiency is valuable in helping sell a home.
So, if you are interested in sustainability and you want to sell your home for a higher price, here are three projects to consider:
1. Energy-efficient appliances. Energy Star-certified appliances such as fridges, washing machines, and clothes dryers can be as much as 40% more water efficient and 25% more energy efficient than standard models. Those numbers go way up if you compare new energy-efficient appliances with models that are more than a few years old.
Other gadgets throughout your house might also warrant an update. For example, if you have an old thermostat or an inefficient water heater, then smart new alternatives such as the Nest thermostat or solar water heaters might also be worth a look.
2. Solar panels. Speaking of solar, homes with solar panels sell 20% faster, according to the National Renewable Energy Laboratory. Even more impressive, they sell for a whopping 17% more than comparable homes without solar. And with a range of state and federal incentives still in place, solar can be a great way to make your home more green and attractive at the same time.
3. Windows, doors, and siding. Renovated windows, doors, and siding typically recoup about 80% of their cost in terms of higher home value. However, a full suite of energy-efficient windows, doors, and siding might be worth even more in the current sustainability-minded market. Plus, these projects increase your home’s curb appeal, making it more likely your home will get more interest from potential buyers.
Any of these projects can potentially add a lot of value to your home. If you want to discuss which sustainability projects might make the most sense in your particular case or what kind of sale price you could achieve, please feel free to give me a call.
If you have any other questions or real estate needs, feel free to call or email me anytime. I would be happy to help you.
A new front door welcomes you to Single Story Cul de Sac living! Your next home is here! Tile throughout and real bamboo flooring in the bedrooms are just the start! Granite transformed counters provide ample counterspace for your fussiest chef to work their magic! Relax in the backyard resplendent in landscaping and strolling trails. A welcome break from the hustle and bustle of everyday life! Full size laundry room with shelving means no more small-load stackable washers for you! Fresh paint inside and out (less than 2 years on exterior paint) and the home is pre-wired for an alarm as well. New blinds in the kitchen and both guest bedrooms installed weeks ago. Come see your next home!
To give back to our community, our team decided to partner with the American Red Cross for a blood drive.
We have been given so much from the community around us, and now it’s our turn to give back. To show our support, we held a blood drive with the American Red Cross. This is just one of the many ways we hope to show the community that we care. Thank you to all who participated in helping us save lives. We will be hosting more blood drives in the future, so stay tuned. To see a recap of the event, watch this short video.
Pull into your private oasis on nearly a quarter acre in highly desired, guard gated Rhodes Ranch. This gem is nestled at the end of a Cul-De-Sac on an over sized lot, with cultivated desert landscaping providing privacy beyond imagination. Enjoy moonlit nights gazing up through the windows of your 19 foot vaulted ceilings in this absolutely stunning home.
Smart home technology was on full display at CES 2018. Here were some of the best new products we saw.
We recently attended CES 2018 and made sure to check out the latest and greatest in smart home technology. We’re here to give you the highlights today.
One big thing we saw was a lot of smart appliances. Many were connected via the Google assistant. For example, an oven/microwave combo we found allows you to preheat your oven, reheat your leftovers, or add to your shopping list with a simple voice command.
One really cool feature we saw was a smart fridge that keeps track of your groceries and gives you recipes based on what ingredients you already have in the fridge. It scans the food and spits out the recipes. The future is coming at you fast, folks!
Smart locks were another big-ticket item here. Home security is as advanced as it's ever been and we saw some amazing products. One used a facial recognition scanner to unlock the door, another used license plate recognition to open and close the garage door for you when you get home.
Another one of our favorite smart home products was a bathroom mirror embedded with a computer that allows you to listen to music and watch the latest news as you shave or brush your teeth.
To get a closer look at all of the amazing things we saw at CES 2018, make sure to watch the full video above. In the meantime, don’t hesitate to give us a call or send us an email. We look forward to hearing from you soon.
What does Las Vegas look like from above? Today I went to All In Aviation to find out myself.
Today I’m here with Paul from All In Aviation to talk a little bit about what they do here.
All In Aviation is an exclusive boutique flight training center where you can learn how to fly and rent planes, including the Cirrus SR22. The Cirrus SR22 is the only airplane in the world with a parachute.
During my visit to All In Aviation, I was lucky enough to take a ride in one. With its all-leather interior, being in this plane felt a little like riding in a Tesla.
Seeing Las Vegas from above was an awesome experience.
Seeing Las Vegas from above was an awesome experience. The views were truly amazing. I definitely recommend checking out All In Aviation for yourself.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.