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The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. We are thrilled to provide NAR members and their clients with access to our reliable pre-listing homeimprovements with pay-at-closing terms.”
Being able to provide data-driven homeimprovement recommendations can help agents build credibility with potential clients, sell homes faster and for more money, and ultimately win more listings. These days, buyers want move-in ready homes – they don’t want to face huge construction projects before they can get settled.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
Though this would typically signal a time for panic across the residential real estate profession, those who can focus on servicing their clients with a mind for the future will be well positioned for whenever the economics for home buying become more favorable. Provide clients with market updates. Keep the door open.
Customer Retention: When we think of new loans, this comes in a few forms in the current market: the last of the rate/term refis before rates rise, cash-out refis for both homeimprovement and debt consolidation, and, of course, new purchase loans. The post What role does the servicer play in creating clients for life?
JS: Home equity can be strategically used to manage financial challenges, debt consolidation, homeimprovement, and health care costs, particularly for aging homeowners. Promoting home equity as a proactive financial strategy for retirement planning and significant life events helps clients plan beyond needs and emergency use.
Regions Bank is looking to make a big dent in the homeimprovement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. billion as of March 31, 2021 and is one of America’s largest specialized homeimprovement lenders. billion in homeimprovement projects.
. “This collaboration aligns seamlessly with our ongoing commitment to leveraging innovation to better serve our clients and propel growth across our network.” ” Peerage Realty Partners serves luxury home markets through 206 offices and 6,100 sales representatives across the U.S. and Canada.
announced today the launch of Finance of America HomeImprovement , a new business division offering non-mortgage financing options, including renovation loans. Lending and services platform Finance of America Inc. Homeowners can also use it to access financing solutions through their contractor.
Furthermore, servicers can leverage these relationships to approach consumers with value-added services including asset protection, insurance products, homeimprovement loans, and maintenance options. Effective loan servicing positions servicers as reliable advisors for the homeowner.
“Working alongside NAR opens the door to many collaborative initiatives, including positioning RentRedi as the go-to property management tool for real estate agents and their clients.” In February, Curbio joined the program, offering pre-sale homeimprovement services and financing.
This is a good option for customers wanting to consolidate high-interest debt or finance homeimprovements. But LOs should ensure that they educate their customers on potential downsides too: obviously, it entails taking on a greater debt load and putting their home up as collateral, which may not be the best choice for all customers.
In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”
billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. Cincinnati-based First Financial Bank has agreed to direct $2.4
“People might say, ‘I want to age in place as the default plan, because that’s what I’m already doing,’” Carol Chiang, CEO of personalized aging-in-place consulting company Evolving Homes , told the outlet. There are three general client types Chiang’s company serves, she explained.
Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. Both programs can also be used as a home financing solution that allows older clients to purchase a new home that will better fit their lifestyle.
HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. How many clients and customers have they served?
Home Mortgage Consultant. Wells Fargo Home Mortgage. Director of Client Strategy. Finance of America HomeImprovement. Jonathan Wilson. Joseph Judge. Freedom Mortgage. Julie Eyden. VP, Program Delivery. Kathryn Keeton. Katie Barish. EVP, Purchase Mortgage. Rocket Mortgage. Head of Leasing & Resident Services.
If lenders do not offer this product, these clients will find financing elsewhere. At the risk of sounding redundant, lenders today need to be a resource for all of their clients’ real estate financing needs, not just a few.
The acquisition of Parkside’s wholesale business comes roughly one month after Finance of America’s acquisition of Renovate America’s Benji business , an expansion into the homeimprovement lending space. The firm said Tuesday it expects to make additional acquisitions in the future.
As a national intermediary, GreenPath is always working to make the best use of grant funds to support the needs of as many clients as possible,” Fraser said. To best support the counseling needs of seniors, MMI utilizes HUD funding to offset the cost of reverse mortgage counseling.”
In a purchase market, he emphasizes strong communication with clients and referral partners, such as Realtors and financial planners. “As a loan originator, you have to do what you can to best support and service your clients and referral partners, being able to close super fast,” he told HousingWire. Beyond vanilla.
“The single most valuable conversation to have with past clients is an annual review or some type of mortgage review conversation,” Savage said. Those clients may then be interested in moving up or doing homeimprovements, which is another opening for business.
Though the home service industry is worth $500 billion, it remains a highly fragmented space occupied by a variety of players: independent contractors, platforms such as Angie , TaskRabbit , as well as white label concierge firms like LiveEasy. Vishwas Prabhakara has a new twist to offer.
The second project I’m working on is having a mobile app where the the client can download the app and use it to take care of their transaction. Home equity is really a no-brainer today. Non-QM is also a huge opportunity for originators to serve the needs of their clients and make much needed origination income.
This allows the marketing of various other offerings such as credit cards, car loans or depository accounts to clients with whom the lender already has a relationship. By retaining servicing, lenders maintain relationships with borrowers, enhancing a lender’s ability to cross-sell products.
HousingWire recently spoke with Lee Smith and John Gibson at Flagstar Bank about what originators can do to align their mortgage products and services with the ebb and flow of the housing market and what Flagstar is doing to help clients remain at the top of their game during this turbulent time. The same is true for non-qualified mortgages.
How many of your real estate clients have used you before in a home sale? Unfortunately, that number is much higher than clients who actually did use the same agent again. This incredible gap is ultimately caused by lack of follow-up, not staying in touch, and poor client tracking on the part of real estate agents.
Brian Hommel, owner of Saugerties-based Brian Hommel HomeImprovement , said his company is booked until September 2022 — and most clients are fine taking the appointments that late. “There’s so much to do and it’s hard to find qualified help,” he said.
Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. Q: “What factors can influence the value of my home?”. Q: “What are the dangers of overpricing my home?”. An open house.
Our fees were cut in half overnight, and the AMC model suddenly walled us off from clients with whom we had worked so hard to build rapport. The value of a good client was one of the foundational metrics driving our strategy. The appraisal profession was rocked to its core.
Unfortunately, some homeimprovements can also be dangerous for homeowners, so before you start DIYing, it’s better to figure out which project you can do on your own and which you should hand to a professional. Appraisal Client Relationships are Very Important – APPRAISAL TODAY. – Sacramento Appraisal Blog.
487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 497 BOSSCAT 1,175% 2018 Digitizing home inspection data to create instant repair estimates for homeowners and real estate professionals. Other established names to make the Inc. 4,105 FirstCloseFirstclose.
Links to online forms can even be shared with users outside your GoFormz account for them to fill out and submit, simplifying the collection of information from clients, patients, prospective customers, and other third parties. For further information, check out these top tools for working from home.
Staying out of the spotlight has allowed me to focus on what truly matters: supporting my colleagues and making a difference in the lives of our clients. Sherri initiated and led a successful New York State HomeImprovement Day, mobilizing hundreds of volunteers to enhance existing housing options for LMI individuals.
The company’s executives in August said they expect that the homeimprovement product, launched in May 2021 , will break even financially later this summer, becoming a “very effective customer acquisition channel at essentially zero cost,” according to Graham Fleming, president and interim CEO.
Once we know how much the home costs to replace, we can extract a percentage of how much the homeimprovement has depreciated. Let’s say that in this example, the home that sold for $500,000 has a replacement cost of $425,000. If that is the case, the home’s improvements have depreciated approx.
Fairway would also be required to provide $7 million for a loan subsidy program to offer affordable home purchase, refinance, and homeimprovement loans in majority-Black neighborhoods. In this article, I discuss what clients want and what appraisers see as good appraisers.
When this happens sellers are rarely comparing apples-to-apples and don’t take into consideration that the other house had features and amenities that their home doesn’t have.”. The fix: Provide your clients with a comprehensive competitive analysis, and adjust appropriately for homeimprovements.
There are times when the real estate market slows down, but there could still be ways to keep in touch with clients and provide them with valuable property data software for when business cranks back up. A home they did not get because they were outbid by another buyer. Those slowdowns could be seasonal. Use property data software.
We once had clients who spent dozens (if not hundreds) of hours removing the popcorn ceilings from their $950,000 home. Because they put so much “sweat” into their equity, they were convinced that their home would appraise for substantially more when they were done.
There are a number of simple improvements that can be made to a home that will help to attract buyers and possibly earn your client a couple of extra dollars. Read on for nine low-cost ways to improve your listings. A little elbow grease is one of the best ways to make a home more appealing to buyers.
She earned a bachelor’s degree in Interior Design and worked in the homeimprovement and design industries, learning valuable sales and customer service skills. Her longtime experience in the retail and customer service industry gives Bea a natural ability to address client needs and find them the homes they want.
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