May 22, 2017

8 Signs That You Were Destined to Work in Real Estate

Via bigstockphoto.com

Very few people are lucky enough to know what they want to do from a young age and even fewer are fortunate enough to see their dream through. You might have wanted to become an astronaut when you were 4 years old, but the chances that you're currently orbiting earth in the International State Station are fairly slim. But what we think we want to do and what we're destined to do aren't always the same thing. Many real estate agents try various professions before they find their true calling. There's an old saying, "A (wo)man does what he can, until his true calling is revealed." Here are eight signs that you were destined to work as a real estate agent:

1. You're very responsive to people and their needs

Is there anything better than a responsive real estate agent? Actually, is there anything worse than a non-responsive one? If you're in tune with people's needs, and respond quickly to help solve their problems, you'll probably make a great agent. And if this is an intrinsic part of your character, then perhaps you were destined to become one.

2. You love exploring

If you get a high from driving to new areas and discovering places you've never been before, then you might be destined for real estate. Finding yourself down a windy road you never knew existed or coming across a tucked-away home in the middle of nowhere usually comes with the job, and if your heart beats faster when you're exploring, real estate might be your destiny.

3. You're not overly judgmental

To be a successful agent, you need to be discerning, but you can't be judgmental. People have different tastes, live their lives in different ways, and need an advisor they can trust, not one that looks down on them for their decisions. A great agent can work with hippies, businesspeople, and everyone in between without letting their personal opinions get in the way.

4. You have a deep appreciation for architecture and design

There are those of us who like homes, and those of us who live for them. If you find yourself regularly craning your neck like an owl to get a look at a house you just drove past, or take drives through neighborhoods you love just to feel all of the feelings, then your destiny might be more clear than you think.

5. You don't give up easily

Persistence and grit are important in real estate. No one becomes an overnight success, and committing to the career and taking a step and seeing the big picture every now and then is very important. Those who see things through and don't give up at the first sign of adversity are destined to become agents. Those looking for the "quick-fix," usually aren't.

6. You love living by your own rules

If answering to a supervisor seven days a week makes you physically cringe, then you might be cut from the real estate cloth. Being an agent means freedom from being chained to a desk all day, out on the open road, making your own rules. Some of us just can't have it any other way.

7. You're not afraid to put yourself out there

One of the more difficult things for newer agents to adjust to is self-promotion. Without marketing, it's very hard to become a successful agent. Putting your face on business cards, websites, and flyers takes a certain level of fearlessness, and it's important to feel comfortable enough in your own skin and have enough faith in yourself to get out there and do it. If it comes naturally to you, it's one less hurdle you'll have to overcome.

8. You see things for what they could be

Those whose destiny lies in the industry don't look at things just for what they are. They look at what things could be. A run-down home in a great area can be imagined as a idyllic place to raise a family after a little elbow grease. A client looking in one neighborhood can have their eyes opened to another area, one that's even better than the one they've been fixated on. Those whose destiny it is to become a real estate agent can imagine things that are better than what they are now.

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Posted in Homeowner Tips
May 20, 2017

Brevard Market Stats Q1 2017

Brevard Market Stats Q1 2017 vs 2016

A quick recap of the Brevard County Residential Report for Q1 2017:

  • Closed Sales are down -0.7% for Q1 2017 in which the number of units closed was 2,158 compared to 2,174 in Q1 2016, with a decrease in cash sales of -15.2% compared to Q1 2016.
  • New Pending Sales are down -2.7% and New Listings are up 4.6%.
    The Median Sales Price for Brevard Single Family homes is up 16.1% to $196,250 compared to a year ago, which was $169,000.
  • Months Supply of Inventory is down -7.4% at 2.5 months compared to 2.7 months in Q1 2016.
  • Traditonal Sales are up 7.6%, with a median sales price of $200,000.
  • Foreclosure/REO Sales are down -53.6%, with a median sales price of $140,000.
  • Short Sale Closings are down -45.9%, with a median sales price of $235,000


A quick recap of the Brevard County Townhouses/Condos for Q1 2017 compared to Q1 2016:

  • Closed Sales are up 7% for Q1 2017 in which the number of units closed was 625 compared to 584 in Q1 2016, with an increase in cash sales of 10.7% compared to Q1 2016.
  • New Pending Sales are up 5.2% and New Listings are down -1.9%.
  • Median Sales Price for Townhomes/Condos is up 4.3% to $145,000 compared to a year ago, which was $139,000.
  • Months Supply of Inventory is down -10% to 3.6 months compared to 4 months in Q1 2016.
  • Traditional Sales are up 14.1%, with a median sales price of $146,500.
  • Foreclosure/REO Sales are down -52%, with a median sales price of $119,487.
  • Short Sale Closings are down -87.5%, with a median sale price of $87,000.

 

Check out the May 2017 National Housing Report!

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Posted in Market Reports
May 18, 2017

May 2017 RE/MAX National Housing Report

April Home Sales Cooler Than Typical Spring Season

The brisk start to the 2017 home-selling season slowed down in April with home sales dropping 4.1% below March and 4.5% below the previous April, according to this month’s RE/MAX National Housing Report.
 
Yet the narrative of the ever-tightening inventory coupled with increased prices persisted, as the 53 metro area report saw the trends of a seller’s market continuing:
       -The average number of Days on Market declined for the third consecutive month and April’s 57 days set a new low for April in the report’s nine-year history.
       -The Median Sales Price of $226,000 was the highest price for any April and marked the 13th consecutive month of year-over-year price increases.
       -Months Supply of Inventory, which dropped below 3 months in March for the first time in the report’s history, was 2.8. A months supply of less than 6.0 is considered a seller’s market.
       -Inventory was down 17.6% from April 2016. This is the 102nd consecutive month of year-over-year declines dating back to October 2008.

More than three quarters of the report’s 53 metro areas saw April home sales decline year-over-year. By contrast, March posted a 6.6% year-over-year spike in sales. Even so, April saw homes sell for more than they did in March in 81% of the markets, while 92% of the markets saw higher year-over-year sale prices.

 

READ THE FULL REPORT HERE

Posted in Market Reports
May 15, 2017

May is For Miracles Painting Party

We had a great time at our Painting Party to raise money for Children's Miracle Network Hospitals.  This event was painting our office Ceiling tiles that we will be placing around the office!

Thank you everyone who joined!  We had no idea how much talent was in the room!

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Posted in Around the Campus
April 28, 2017

RE/MAX Agents on Average Outsold Competing Agents by More than 2:1

RE/MAX Agents Are More Productive in Annual REAL Trends 500 Survey

RE/MAX Elite Made the list for the 5th Year in a row!!!

RE/MAX, LLC, the #1 name in real estate*, announced its agents outperformed agents with other real estate brands in the 2017 REAL Trends 500 survey. Associates affiliated with the RE/MAX network regularly average double the number of transaction sides per agent when compared with competitors in the annual survey of large brokerages.
 
“RE/MAX and members of the RE/MAX network continue to surpass competitors in annual industry surveys and studies,” said Dave Liniger, CEO, Chairman of the Board and Co-Founder of RE/MAX, LLC. “The 2017 REAL Trends 500 survey confirms that our agents, on average, assist more buyers and sellers with some of the most important transactions of their lifetimes. On behalf of everyone at RE/MAX, I congratulate all of our brokerages that were included in this prestigious survey.”
 
The REAL Trends 500, now in its 30th year, ranks the performance of the top residential real estate brokerage firms in the country. Firms are ranked by both transaction sides and sales volume for the previous year. For the 2017 REAL Trends Survey, firms needed to close a minimum of 500 transaction sides in 2016 to qualify.

 

Read the FULL press Release!

 

 

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Posted in RE/MAX News
April 20, 2017

RE/MAX Celebrates Continued Global Growth

RE/MAX Celebrates Continued Global Growth

Over 30,000 Agents Outside of the U.S. and Canada Call RE/MAX Home
DENVER – RE/MAX, LLC, a leading global real estate franchisor, announced today it now has over 30,000 agents outside the U.S. and Canada. In 2016, the franchisor’s agent count outside the U.S. and Canada grew 16.9 percent year-over-year.
 
“We’re incredibly excited and proud to be hitting this global milestone,” said Larry Oberly, Vice President, Global Development, RE/MAX, LLC. “RE/MAX has a global presence that is unmatched by its competitors. Our unique business model revolves around the agent and raises professional standards in the industry by embracing training and transparency. We have the most productive agents who strive to provide their clients with the best customer service possible.”    
 
RE/MAX Europe and RE/MAX Latin America and Caribbean led global growth, with both regions surpassing milestones of their own last year. RE/MAX in Europe now has more than 18,000 RE/MAX agents and RE/MAX across Latin America and the Caribbean have more than 6,000 agents.
 
 
With a presence in over 100 countries and territories, the RE/MAX network’s global footprint is unmatched by any other real estate brand. The franchisor’s total agent count grew 6.8 percent year-over-year in 2016. Over 110,000 agents worldwide now call RE/MAX home.

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April 16, 2017

April 2017 RE/MAX National Housing Report

April 2017 RE/MAX National Housing Report

Strong March Home Sales, Low Inventory Means Tougher Market for Buyers

DENVER – March launched the home-buying season with post-recession records for increasing home sales and prices and decreasing inventory, according to this month’s RE/MAX National Housing Report that surveys 53 metro areas.
 
Last month, home sales were 6.6% higher than the nine-year-old report’s previous March record, set in 2016. Thirty-eight of the 53 metro areas in the report showed year-over-year increases.
 
Meanwhile, Months Supply of Inventory dropped below three months for the first time in the history of the report, indicating a market that greatly favors sellers, as six months is considered a balanced market.
 
Active inventory continued to decline, dropping 17% year-over-year. As a result, the Median Sales Price of $225,000—also a March record—was up 11% year-over-year. This was the 12th consecutive month of year-over-year price increases.
 
Homes continued selling faster last month, with the average Days on Market dropping to 64, compared to 68 in February 2017 and 71 in March 2016. 
 
“We expect a seasonal uptick in sales this time of year and March certainly met and somewhat exceeded that expectation,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder“We don’t anticipate the tightening inventory to ease up in most markets until new home construction can catch up to its pre-recession pace. Until then, sellers will enjoy a fast-paced market and buyers will need to work with their agents to get in the right home.”

 

READ THE FULL PRESS RELEASE

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April 7, 2017

2017 RE/MAX Elite Awards Night

We had such an incredible time last night celebrating our agents success! We had a record breaking year and so did our agents! We can't wait to rock 2017!

Posted in Around the Campus
April 3, 2017

RE/MAX Elite received the Total Volume Achievement Award for 2016

RE/MAX Elite received the Total Volume Achievement Award for 2016 for closing over $315 million! We are so proud to have such amazing agents and to help them achieve their business goals and dreams!

Posted in Elite Rockstars
April 2, 2017

April Can Be a Timely Entry Point for Listing your Home

It’s April—a time of year when area homeowners who haven’t yet added their homes to the Melbourne listings may have a legitimate question about whether it’s too late to benefit from the spring selling season. This year, they may also be concerned that the rise in mortgage interest rates could discourage prospective buyers.

The answer to the first question is a qualified not—not too late! The only qualification has to do with the condition of the property itself. If it can be put into sound showable condition within a month or so, this is an excellent time to jump into the Melbourne listings—for a number of reasons.

We won’t know the actual foot traffic numbers for Melbourne until after the dust has settled at the end of summer, but we do know for certain that the law of supply and demand points to this year being a standout for sellers. In large part, because the economic outlook has been building optimism for months, early signs point to strengthening buying interest. Realtors® across the nation report that last month’s buyer traffic was either strong or moderate. The index number for December through February was all the way up to 70 (that’s at the top of the chart)—up from 57 just a few months back. At the same time, the volume of new listings remained weak in most areas: down to 41 from 48. That would negate the most common argument for delaying entry into Melbourne’s listings—that is, the fear of getting lost in the shuffle as the real estate season peaks. If the number of listings continues to lag, that worry disappears. When demand is up and supply down, everyone from high school economics teachers to Warren Buffet agree there’s no better time to jump into the market.

As for the other concern—the Fed’s having raised borrowing rates—so far it hasn’t seemed to discourage buyers. The analysts at Housingwire offer three reasons why that might be happening. First, most potential homebuyers believe rates will rise further, prompting them to act sooner rather than later. Second, any slackening in mortgage applications will prompt lenders to relax the tight lending standards that have tended to depress the market. Lastly (this is a good one!), lenders had already factored in last month’s rate hike—so actual home loan rates aren’t likely to rise further for a while.

 The long and the short of it is that for anyone hesitating to add their home to this spring’s Melbourne listings, it’s not only not too late—it’s also an excellent idea. Another excellent idea is to give us a call ASAP: the Melbourne listings await!

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Posted in Homeowner Tips