Tracy Tidwell Real Estate Commercial

Monday, August 22, 2016

How Agents Can Help Clients With Children

The home search for many households with school-aged children is still going strong into the fall, as many buyers are faced with low inventory and rising prices. In fact, a new survey from NAR revealed that finding the right property was the hardest task for 53 percent of buyers with children.
“In a fast moving market with fewer homes for sale and rising prices, more buyers find themselves in need of a real estate professional to help them find the right home and guide them through each step of the process,” says NAR President Tom Salomone. “Despite recent industry reports to the contrary, busy families require hands on attention and unparalleled transaction and local market knowledge and regularly turn to full-service agents, who provide a broad range of services and manage most aspects of a home purchase and sale.”With increased competition and the clock ticking for families to find the right property, it's important for agents to know how to assist this demographic of buyers.
A major factor influencing this type of buyer, not surprisingly, is the the location and quality of nearby schools. Fifty percent listed school quality as the most important neighborhood factor when buying, and 46 percent said that convenience to good schools was the most important thing when choosing a neighborhood. 
So what do buyers with children want from an agent? First and foremost they want easy access to mobile-friendly real estate information. They also shared these communication preferences:
  • Fifty-nine percent of respondents said they want agents to update them with property information via text.
  • 56 percent want to communicate with their real estate agent via email.
  • Thirty percent of buyers say its important that agents have a mobile-friendly site where they can look at properties.
  • Since many buyers are aware of the lack of inventory, they also expect agents to be proactive with property information. 77 percent of respondents said these activity updates were very important to them and wanted to be kept in the loop as much as possible.
For agents working with sellers with children, the top thing to keep in mind is the sense of urgency. A whopping 69 percent said they needed to sell their home somewhat or very urgently. These clients say they needed to sell within a specific timeframe (22 percent) and need help pricing their home competitively (19 percent). When finding their agent, 46 percent of sellers with children preferred to get a recommendation from someone they knew.
Source: NAR

Monday, August 15, 2016

Great Discounts for Sports Lovers!

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Tracy Tidwell
Tracy Tidwell
1600 Dave Ward, Ste A-7
Conway AR 72034
(501) 327-6731
emailMy Website Facebook
 
Discount Tickets - Find Deals For Your Favorite Events
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"Access Neighborhood" discounts are a complimentary gift. There is no charge to you. If you ever decide you'd rather not receive the discounts, please feel free to opt out at any time. Access Neighborhood is powered by Access, 1012 W. Beardsley Place, Salt Lake City, UT 84119.
Want to see more deals? Go here to FIND DEALS NEAR YOU.
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Tracy Tidwell
powered by Access Neighborhood

Monday, August 8, 2016

Mortgage Rates Move Upwards, But Stay Low

DAILY REAL ESTATE NEWS | FRIDAY, JULY 29, 2016

For the second consecutive week, fixed mortgage rates inched up, but still remain near historical lows, Freddie Mac reports in its weekly mortgage market survey.
"The 10-year Treasury yield remained flat this week in anticipation of the Fed's July policy meeting,” says Sean Becketti, Freddie Mac’s chief economist.
“Mortgage rates, on the other hand, rose another 3 basis points to 3.48 percent. Nonetheless, home sales continue to benefit from the persistently low mortgage rates with June's new home sales coming in at an annualized rate of 592,000 homes -- its fastest pace since 2008."
Freddie Mac reports the following national averages for mortgage rates for the week ending July 28:
  • 30-year fixed-rate mortgages: averaged 3.48 percent, with an average 0.5 point, rising from last week’s 3.45 percent average. Last year at this time, 30-year rates averaged 3.98 percent. 
  • 15-year fixed-rate mortgages: averaged 2.78 percent, with an average 0.5 point, increasing from last week’s 2.75 percent average. Last year at this time, 15-year ARMs averaged 3.17 percent.
  • 5-year hybrid adjustable-rate mortgages: averaged 2.78 percent, with an average 0.5 point, holding steady from last week. A year ago, 5-year ARMs averaged 2.95 percent.
Source: Freddie Mac

Monday, August 1, 2016

Baby Boomers Chart New Direction in Housing

DAILY REAL ESTATE NEWS | FRIDAY, JULY 22, 2016

Economists are having a tough time figuring out what housing market moves baby boomers will make next. Americans over the age of 55 are veering from previous generations, opting not to retire but instead launching second or even third careers. They are shunning the traditional patterns of retirement and that could have a big impact on their housing choices, according to Freddie Mac’s latest Insight report focusing on the baby boomer generation.
Nearly a quarter of baby boomers recently surveyed by Freddie Mac say they need major renovations in their current home in order to stay there as they age. Many say they may face financial constraints to take on those remodels. For others who do plan to age in place, they may be underestimating the extent of the financial costs of outfitting their home with features so they can do so, says Sean Becketti, Freddie Mac’s chief economist. Baby boomers are a critical piece to the housing market puzzle. Americans over the age of 55 make up a quarter of the population and control about two-thirds of the single-family home equity in the nation. Sixty-five-year olds who, on average purchased a home 35 years ago now tend to have a home value that is likely 3.7 times what they purchased it for.
As such, about 18 million home owners over the age of 55 may be shopping for another house in the next few years, according to the Insights Report.
The main reasons to move aren’t due to downsizing either. Instead, the survey showed the key influences making these generations move are: Affordability of the community, the need for retirement amenities, and a home with less maintenance.Bottom line, the authors note, the 55-plus population likely is to be an active part of the housing economy for years to come still.
Source: “Boomers Ignoring Conventional Housing Wisdom,” Mortgage News Daily (July 19, 2016)

Friday, July 29, 2016

A Good Way to Save On Those End Of Summer Needs!

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Tracy Tidwell
Tracy Tidwell
1600 Dave Ward, Ste A-7
Conway AR 72034
(501) 327-6731
emailMy Website Facebook
 
Make Saving A Habit…
Hello!
We’re just checking in to make sure you’re getting the most out of your benefits at Access Neighborhood.
As a member, you already have access to hundreds of thousands of discounts—all across America—with the ability to save thousands of dollars a year. Those savings are part of your benefits for being a member. All you have to do to save with the program is to use it.
 
 
When you click on that link above (go ahead and bookmark it while you’re at it), you’ll automatically go to your savings site. You can search by category (likedining or shopping  ), or look up a specific merchant name, new offers, offers that are expiring, and more… you can also check out nearby savings by city or ZIP code. There are so many ways to search and filter your results. Dig in!
That’s all you have to do. You’re ready to begin saving.
All The Ways You Can Save…
Once you see something you want to save on, click on it. You’ll see tabs for one or more of several ways to claim your savings:
• Print Coupon: Click the ‘print’ tab to print out your coupon at home, then take it into the store.
• Show Your Phone: With the site on your mobile device’s browser, click the button and an on-screen coupon pops up. Just show your phone to the person at the register and they’ll give you your discount.
• Online: Click that button and follow the directions. You’ll either get a code to enter for your discount, or the discount will automatically be applied. Then order what you want.
• By Phone: Every once in a while you’ll get a discount you can redeem by calling the company (like for events). Just follow the directions that pop up when you click the phone icon and use the discount code provided.
ABOUT THESE DISCOUNTS
"Access Neighborhood" discounts are a complimentary gift. There is no charge to you. If you ever decide you'd rather not receive the discounts, please feel free to opt out at any time. Access Neighborhood is powered by Access, 1012 W. Beardsley Place, Salt Lake City, UT 84119.
Want to see more deals? Go here to FIND DEALS NEAR YOU.
Thanks again!
Tracy Tidwell
powered by Access Neighborhood

Monday, July 25, 2016

The Worst Real Estate Advice Your Clients Hear

DAILY REAL ESTATE NEWS | FRIDAY, JULY 22, 2016 - Click Here to read more

As a real estate professional, you sometimes have to compete with well-intentioned friends and family members offering your clients some not-so-great advice from the sidelines. Most of that advice tends to be aimed at the pricing of the home, which may hinder your client discussions.
“Price the house based on what you paid, plus a little extra for profit.”Realtor.com® recently highlighted some of the worst of that advice that real estate professionals say their clients recite to them, including:
  • “Price the house based on what you feel is right.”
  • “Add the cost of renovations you’ve made to your price.”
Sound familiar? It's important that you set your clients straight and let them know that pricing a property shouldn’t be based on what their gut says or what they think it should be. A home’s list price should come from comps and square footage. You may need to step back and carefully explain to your clients the importance of comps and why real estate professionals use them -- before just jumping right in to comp review mode and the price.
Also, beware that home owners may sometimes hear advice to price their home higher, despite what the comps say. For example, they may hear:
  • “Price your home high because buyers will come in low.”
  • “‘Not in a hurry to sell? Price the home high’'
Explain to them the dangers of pricing too high. “If a home is substantially overpriced, it’ll end up sitting on the market for a long time,” says Bill Golden with RE/MAX Metro Atlanta Cityside. If the house lingers on the market, buyers often start making low-ball offers. “In the end, these homes almost always sell for less than if they had priced it right to begin with.”
Indeed, Tracey Hampson, a real estate professional in California, says “if a home is priced correctly, you will get full-price offers and even over-asking-price offers.”
Source: “The Very Worst Home-Pricing Advice You’ll Ever Hear (and Why),” realtor.com® (July 21, 2016)