Mixing business and family can get messy. However, family and friends may be your main source of business when you’re beginning to sell.“The choice is fraught with risks—both to your relationship and to a successful real estate deal,” writes Daniel Bortz, a real estate pro in the Washington, D.C., area in an article for realtor.com®.Bortz shares some of the lessons he’s learned about the pitfalls of working with family members on
The open floor plan has been popular in many new home designs. Homeowners are showing a desire to have no walls separating the kitchen, dining, and living areas. In fact, 84 percent of new single-family homes have fully or partially open layouts, according to the National Association of Home Builders.Some owners are knocking down walls during home renovations to have their own open floor plan. But before they do, they may want to reconsider if
Business as usual set to resume later today so long as House grants approvalUpdate: Later this afternoon, the House followed the Senate in passing the bill to fund the government through Feb. 8, officially ending the shutdown.This afternoon Senate Democrats joined with Republicans to overwhelmingly vote (81-18) in favor of a short-term spending bill to fund the government through Feb. 8. Assuming approval from the House later today, a step the
Know where your next lead is coming fromThe No. 1 question I get again and again is: “Where should I be focusing my time and money to generate business?”A lot of people will tell you doing business by referral is the one true path to real estate success. Others will say a strict and unflagging devotion to cold calling is the key to unlocking your riches.But why limit where your next client can come from?I believe there’s no wrong way to gen
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The number of foreclosures may be dropping, but a huge backlog is building due to longer processing times. The average time to foreclose jumped to more than 1,000 days nationwide in the fourth quarter of 2017. That marks a 14 percent increase from the previous quarter and a 28 percent increase from a year ago. It also is the longest number of days to process a foreclosure since ATTOM Data Solutions, a real estate data firm, began tracking foreclo
A Frank Lloyd Wright building in Whitefish, Mont., that was bulldozed earlier this month reportedly is the first structure designed by the architecture icon to be demolished in more than 40 years. Preservationists were trying to save the building, which was constructed in 1958, a year before Wright’s death, but it was razed when negotiations stalled.The 5,000-square-foot building first opened as a medical clinic but later became a bank in 1964,
The city Amazon selects for its second headquarters, known as HQ2, will likely see an immediate hike in home prices and a new-construction boom in areas within commuting distance of the new campus, says Javier Vivas, director of economic research for realtor.com®. Amazon, which announced the list of 20 finalists under consideration for HQ2, is expected to also invest $5 billion in the local economy of the winning city and create 50,000 high-pa
With scammers increasingly targeting real estate transactions, the National Association of REALTORS® is teaming up with the FBI and brokerage Realty Executives International to educate the industry on how to identify and help clients avoid wire fraud schemes. A particular cause for concern is hackers who send fake emails to home buyers on the cusp of closing on a property purchase, providing bogus wiring instructions. Hundreds of millions of dol
Close more sales by helping your clients avoid these pitfallsWhen you’re working with homebuyers, especially first-time homebuyers, you should be aware of very common mistakes buyers make. You’ll serve your clients optimally if you give them advice about pitfalls to avoid. Plus, it’ll make your life much easier and save you a few headaches.Here are seven mistakes you shouldn’t let your buyers make.Not finding out their credit score The
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