Posts Tagged as real estate trends (page 3)

Bitcoin is Now Being Used for Real Estate Transactions

Bitcoin Moves to Real Estate – a Real First!

“Accepts Bitcoin” signs are popping up worldwide from NYC to South Africa. Rapidly gaining acceptance, Bitcoin use is growing from smaller coffee and retail merchandise purchases to the first ever real estate buying transaction accomplished entirely via Bitcoin. Another sign of the widespread acceptance of the currency, a newly built custom Texas home’s entire purchase price was recently transferred to its seller/builder via Bitcoin.

Show Me the Money
The seller later converted the Bitcoin funds to USD. Shocked by the ease of the process, the broker stated, “In all of my 33 years of closing transactions, I honestly couldn’t have expected something so unique to go so smoothly. In a matter of 10 minutes, the Bitcoin was changed to US Dollars and the deal was done…” Leading to other companies and industries to look at this and similar digital currencies as a means for investments and asset transfers.

Why Use It for Real Estate Buying?
Quicker, cheaper, and more reliable than currency tied to individual nations, anyone can purchase and sell Bitcoins via online digital currency exchanges. Finite in number with complicated identification (hexadecimal code) – they are far more difficult to steal than other credit sources. However, Bitcoins today don’t offer complete protection against fraudulent charges.

What the Heck is Bitcoin, Really?
Bitcoin is simply digital currency. But unlike nationally-specific currency, it doesn’t experience inflation. It’s number is finite: 21-million max. Divorced from government, it cannot be diluted by the introduction of new currency. It’s value variable: Up $1,200 from April to May alone. But it’s entirely digital – you cannot carry one in your wallet. Cryptography is used to secure transaction and coin creation, putting it in league with other ‘cryptocurrencies’ like IOTA, Litecoin, Peercoin, etc. (This site breaks it down using an easy to follow metaphor.)

Panning for digital gold? We’ve got the real estate buying and selling treasure you’re seeking. Learn more from Properties Online today.

Make Your Next Open House a “Live” Video Event

Pack hundreds of qualified buyers in the doors without maxing out occupancy levels at your next open house with the latest in real estate selling trends: Live streaming video. Agents are jumping aboard the bandwagon of this latest listing craze – and with good reason. Studies show when a listing has a video attached, interest increases a staggering 403%.

Live On the Scene: Your Local Agent
Real estate agents are increasingly casting themselves as the directors and on-camera hosts of area open house events, touting their latest listings via live streaming and social media platforms such as Facebook Live.

The Grand Trifecta of Benefits
Agents hosting live events earn a hefty payback…

  1. Showcasing the home to a larger pool of potential buyers.
  2. Providing essential information in a convenient format which is of huge value to shoppers.
  3. Leveraging the event to expand their online presence and reputation.

How Does It Work?
Agents hosting live open houses typically guide viewers through the home, accepting questions posted in the ‘comments’ section of the hosting service. Questions are answered live, much like a call-in radio show. After the event, insightful agents review questions and comments, posting necessary information on missed opportunities in a follow-up.

Beyond the Open House
Footage of the event remains available online as long as needed, and can be shared via an endless variety of social media platforms for added exposure. With contact information gathered from each participant, agents are free to follow-up post-event as well. Contact is typically well received, thanks to the unmatched capability of video and live streaming to display your personality and create an immediate personal connection.

Make your next open house a lot more compelling with the latest in real estate selling trends from live streaming to informational and personal promotion videos. Take full advantage of today’s video sales technology with the help of Properties Online today.

Does the Real Estate Sales Need an Update?

Is the 6% Real Estate Sales Commission Outdated?

The Internet is changing the real estate business, continually drawing into question the current commission regime: typically 6% of the average home sales. With buyers doing a lot of the legwork, seeking out properties and neighborhood stats online, this is leading many to question whether that $18,000 chunk of change (6% of the average $300,000 home) is a worthwhile investment.

Why the 6%, Anyway?
Back in the day (the 40s-50s), the National Association of Realtors (NAR) required its members to set commissions at a certain level, either working full-time, or holding enough customers to earn a living in order to join and get access to the Multiple Listing Service (MLS).

A 1950s Supreme Court ruling deemed these ‘certain rates’ illegal. So the NAR changed them to ‘suggested’ rates. How it originally became 6% remains unknown. But since federal tracking of rates began in 1991, it has fallen from 6.1% to 5.18% in 2014.

Should Your Rates Be Dropping?
Real estate selling services are typically bundled, sometimes requiring consumers to opt-in for options they don’t need. On the…

Seller’s Side
Marketing, advertising, open houses, and price negotiation.

Buyer’s Side
Listings, showings, market research/knowledge, navigating the purchase process.

As consumers seek to ‘unbundle’ these services in the increasingly DIY Internet world, they are turning to services such as Redfin and ListingDoor, asking for/actively seeking agents outside of the traditional commission structure.

Rate Reductions & A La Carte Services
With this ‘get what you pay for’ mentality in mind, consumers and agents are looking for rate reductions in exchange for a reduction in services rendered, as a $300,000 home doesn’t necessarily cost twice what a $150,000 home does to sell (though it nets double the commission). As the market changes and grows increasingly competitive, such tactics may be worth a second-look.

Do you have the real estate selling tips you need to roll with the times? Stay ahead with the help of Properties Online.

Drone Videos Give Home Buyers a “New Perspective”

As federal drone use laws have become clearer in recent years, the use of drone photography has continued to grow in popularity in real estate marketing. As a fresh way to spice-up listing photos and video, the unique views provided by drone-captured shots offers buyers a far more complete perspective not only of homes, but their surrounding neighborhood and area amenities.

Marketing that Makes an Impact
A far cry from Google Earth’s satellite views – which leave a lot to be desired – drone video goes beyond simple and common front and rear exterior photography, providing a top-to-bottom, 360-degree view of a home and surroundings. The added dimension and additional information provided can help cinch sight-unseen sales for out of state buyers, and in some cases even drive-up property prices via the showcasing of expansive natural views or sought-after amenities.

Getting the Bird’s Eye View
Adding drone photography to video usage in real estate marketing is more intense for commercial drone pilots than those who fly recreationally. Those snagging real estate shots via drone need a Federal Aviation Administration drone pilot’s license.

Training in drone usage and photography are essential, as is insurance against mishaps. For example, rules forbid flying over people, allowing the drone out of the line of sight, etc. It also takes a good deal of practice to both ensure the safety of the public and get clear shots while flying these miniature marvels. Fortunately, there are a host of reasonably priced drone services for hire to handle your shoot. All you have to do is Google ‘find a drone photographer near me’ and choose among area providers.

Soar above the competition, giving prospective clients a new perspective. Take advantage of these and other tips and techniques for video usage in real estate marketing. Boost your impact with the help of Properties Online today.

Video Usage in Real Estate, the Stats Are In

Public Transit Access Drives Up Real Estate Value in Key Markets

Concerned about selling a home near public transit access? Today’s real estate trends point to a public in love with mass transit, particularly new public transit additions. Transforming the local markets into which they are integrated, such public transit initiatives have home and rental prices on the rise in cities across the nation as residents anticipate their arrival.

All Aboard!
Bucking the assumption of crime, these new lines are remaking struggling neighborhoods and sleepy communities into safer, more popular, highly-desirable places to live. What does this mean for sellers? Buyers want an all-access pass, pushing home prices up close to stations. New restaurants, stores, and entertainment further increase area prices, bringing added opportunities and the need for additional homes to be built.

Are We There Yet?
Near one stop on the East Side of New York, real estate trends point to home prices near stops up 11.1% in the last 3 years of construction. Now that the construction mess and hassle are over, those prices are expected to rise even higher and faster. Homeowners who stayed for the long-haul are reaping the rewards of higher property values, with individuals and businesses in the rental market in these areas likewise reaping major rewards as communities are irrevocably transformed.

What Should Sellers Expect In These Areas?
The effect of public transit on housing prices varies dramatically by region, with the cost of single-family homes in California cities and other large metros like Chicago, St. Louis, and Portland rising 2-32%, and condos an additional 2-18%, according to 2008 statistics. Renters experience a much wider range of adjustment, from nothing to a 45% premium, offering amazing opportunities for those purchasing to cater to the renter genre.

Ready for success to arrive? Stay on top of the latest real estate trends, and with the help of Properties Online, you’ll be well on your way! Discover how we can get you there today.