Podcasts about multiple listing service mls

This episode discusses Zillow's upcoming policy change starting in May 2025, where publicly marketed home listings that are not listed on a Multiple Listing Service (MLS) will be banned from Zillow. Matt explores the implications of this rule, contrasting it with the National Association of Realtors' recent update allowing public marketing without immediate MLS syndication. Our host argues that Zillow's policy is not merely about fairness or transparency but centralizes power and limits home sellers' control. The episode also emphasizes the importance of mastering off-market strategies to navigate and succeed in a market increasingly dominated by platforms like Zillow. If you'd like to join us in Vegas, you'll find this helpful: https://docs.google.com/document/d/1cDeSFadMA7q-qn1dPH7iAlJ5oLMiLwiU_-0Cm_1i5Ts/edit?tab=t.0 Learn more about your ad choices. Visit megaphone.fm/adchoices

On this episode of Housekeys Podcast, we have guest Dirk Killingsworth, the Director of Industry Affairs for Zillow on the West Coast. Dirk and host Cam Villa talk about Zillow's relationship with the Multiple Listing Service (MLS), misconceptions REALTORS® may have with Zillow, and what tools REALTORS® can utilize within the Zillow platform. Tune into this informative episode and find out what makes Zillow tick! Music: Welcome to the Show by Kevin MacLeod Link: https://incompetech.filmmusic.io/song/4614-welcome-to-the-show  License: https://filmmusic.io/standard-license  All speakers in this podcast do not speak on behalf of the Sacramento Association of REALTORS® nor do they represent the Sacramento Association of REALTORS®. All presenters are speaking on behalf of their own profession.

Santa Clarita Real Estate Market Update - March 2025 | Connor with HonorIs it the right time to buy or sell in the Santa Clarita Valley?

Welcome back to the PPW Podcast! In this episode, host Harvey Hancock is joined by Simon Baker and our first repeat guest, Brian Boero from 1000 Watt. Together, they dive deep into the current state of the U.S. real estate market, exploring the challenges and changes within the Multiple Listing Service (MLS) system. Key topics discussed include: + An overview of the sluggish U.S. real estate market and the impact of interest rates. + The unique structure of the MLS and its significance in real estate transactions. + The implications of recent legal settlements on commission structures and agent behaviour. + The rise of Homes.com and its competition with Zillow and Realtor.com. + The evolving role of AI in real estate, from marketing to transaction processes. + Future of the real estate industry and the potential for a more streamlined market. Don't forget to like, subscribe, and hit the notification bell for more episodes! Timestamps: 00:00 - Introduction 00:23 - Overview of the U.S. real estate market 01:46 - Understanding the MLS 04:38 - Factors driving change in the market 06:20 - The role of Homes.com 08:42 - Realtor.com's position in the market 10:26 - The impact of ad spending 12:58 - Future predictions for Zillow and Realtor.com 17:01 - Legal settlements and commission structures 19:04 - The role of AI in real estate 25:46 - Conclusion and future outlook Follow us on linkedin: https://www.linkedin.com/company/property-portal-watch Check out - www.onlinemarketplaces.com Listen to the full episode on your favourite podcast platform!

Frustrated with inaccurate listing data and endless spam when researching homes online? David reveals how first-time homebuyers can access the same MLS database that feeds Zillow and Redfin - but with better accuracy, privacy, and the ability to research homes without getting bombarded by sales calls.Quote:"These portals are genius... you keep everything in one place neat and organized, and all this comes with the one thing everybody needs when they're shopping for anything - you get the expert opinion of someone who eats, sleeps, and breathes the product."Highlights:How does the Multiple Listing Service (MLS) actually work, and why do all major real estate websites pull their data from it?What makes the MLS more accurate and up-to-date than public real estate websites?Is there a way to research homes privately without triggering an avalanche of automated responses and sales calls?How can you access historical property data and neighborhood insights that aren't available on public platforms?What are "broker comments" and why might they matter to your home search?Connect with me to find a trusted realtor in your area or to answer your burning questions!Subscribe to our YouTube Channel @HowToBuyaHomeInstagram @HowtoBuyAHomePodcastTik Tok @HowToBuyAHomeThis podcast was created for YOU - to cut through the confusion and empower you to buy your first home. Let's change how the real estate industry treats first-timers, one buyer at a time- starting with YOU!Visit our Resource Center to "Ask David" AND get your FREE Home Buying Starter Kit!David Sidoni, the "How to Buy a Home Guy," is a seasoned real estate professional and consumer advocate with over 18 years of experience helping first-time homebuyers navigate the real estate market. His podcast, "How to Buy a Home," is a trusted resource for anyone looking to buy their first home. It offers expert advice, actionable tips, and inspiring stories from real first-time homebuyers. With a focus on making the home-buying process accessible and understandable, David breaks down complex topics into easy-to-follow steps, covering everything from budgeting and financing to finding the right home and making an offer. Subscribe for regular market updates, and leave a review to help us reach more people. Ready for an honest, informed home-buying experience? Viva la Unicorn Revolution - join us!

Episode Overview: In this episode of The John Kitchens Podcast Experience, John and his co-hosts dive into key issues facing today's real estate professionals, including the essential roles of the National Association of Realtors (NAR) and Multiple Listing Service (MLS). They explore how these institutions protect agents and clients, plus tackle major industry shifts like commission structure changes and the rising importance of multifamily investments. The team also discusses how to leverage community relationships and market knowledge for sustained success in real estate.   Key Topics Covered: The Role of NAR and MLS: NAR Advocacy Efforts: John highlights insights from Cindy Featherstone Shields about how NAR's lobbying efforts protect real estate agents and homeowners. Key areas include defending 1031 exchanges, preserving tax benefits, and preventing restrictive real estate policies. The Value of MLS: Discussion on the essential function of MLS, allowing agents to organize and access listings effectively and emphasizing how a unified platform benefits agents, sellers, and buyers alike. Commission Structure Changes and Market Impact: Buyer and Seller Trends: The team examines the impact of recent shifts where sellers might be reducing compensation for buyer's agents, and how this change could affect agent negotiations and consumer behavior. Adaptation for Agents: Emphasis on the need for agents to enhance their negotiation skills and effectively communicate the value they bring to transactions, especially as the market undergoes structural changes. Investment Strategy and Wealth-Building: Benefits of Multifamily Investment: John and the team discuss multifamily properties as a strategic investment, citing scalable cash flow and value appreciation as significant advantages compared to single-family investments. Navigating Today's Market: With limited inventory and high interest rates, the hosts suggest focusing on multifamily and commercial investments to hedge against economic shifts, and stress understanding market fundamentals to secure long-term growth. Building Strong Community Relationships: Networking and Community Engagement: The hosts emphasize the importance of community relationships, encouraging agents to engage with their local networks, connect with other agents, and build partnerships for mutual success. Long-Term Client Connections: The team shares insights on creating sustainable client relationships through added value and consistent communication, which can significantly enhance an agent's business over time. Development Trends: Small-Scale Development and Affordability: With rising land and building costs, builders are focusing on smaller, more affordable projects, like townhomes and compact single-family homes. John discusses how agents can leverage this shift to better serve clients in the current economic climate. Future Opportunities in Real Estate: The team talks about how agents and investors can position themselves strategically to benefit from these trends, underscoring the importance of understanding market movement and anticipating future opportunities. Final Thoughts and Takeaways: MLS and NAR Are Cornerstones of Real Estate Success: The MLS and NAR provide structure and protection essential to the current real estate model, ensuring transparency, accessibility, and industry stability. Relationships Are Key to Sustained Success: Agents should focus on community building and long-term client relationships to thrive, especially in a shifting market. Investing in Multifamily and Commercial Real Estate is a Smart Move: Multifamily investments offer scalability, stability, and excellent cash flow opportunities; agents and investors should consider diversifying their portfolios to adapt to current market conditions. Stay Informed and Adaptable: Continuous learning and staying ahead of market trends—especially around property affordability and changing buyer/seller dynamics—will be critical for agents looking to grow and future-proof their businesses. Resources Mentioned: NAR Website: For detailed insights on NAR's lobbying efforts and a list of issues they advocate for on behalf of professionals. Cindy Featherstone Shields – Expert Mentor and top-producing agent based in Tyler, Texas, who provided in-depth insights into NAR's advocacy and real estate challenges in small-town markets. Books Discussed: Buy Back Your Time by Dan Martell – A guide on managing time to maximize business efficiency. Choose Your Enemies Wisely by Patrick Bet-David – A strategic approach to business growth and wealth-building. Turning Pro by Steven Pressfield – A motivational book on transitioning from amateur to professional work ethic. Outwitting the Devil by Napoleon Hill – Lessons on overcoming fear and self-doubt in achieving success. Multifamily Investment Resources: Rich Dad Poor Dad by Robert Kiyosaki – A foundational book on real estate investment. Grant Cardone's Multifamily Training Programs – Recommended as a valuable educational tool for agents interested in multifamily and commercial investments. ConnectCon Event – An investment and growth event featuring Grant Cardone, with upcoming dates in Frisco, Texas.   As we know it wouldn't be the same without NAR. It's not just about what they bring to the table, but what they allow not to change." – John Kitchens   Connect with Us: Instagram: @johnkitchenscoach LinkedIn: @johnkitchenscoach Facebook: @johnkitchenscoach If you enjoyed this episode, be sure to subscribe and leave a review. Stay tuned for more insights and strategies from the top minds. See you next time!

RE/MAX Canada has released its 2024 RE/MAX Canada Condominium Report. In this video interview, Samantha Villiard, Regional Vice President, RE/MAX Canada, discusses the key findings from the report. PRESS RELEASE TORONTO, Oct. 9, 2024 /CNW/ — Despite fears of leaving money on the table, sellers have returned to housing markets across the country in large numbers as the promise of future interest rate cuts draw skittish buyers back into the fray, according to a report released today by RE/MAX Canada. The 2024 RE/MAX Canada Condominium Report examined condominium activity between January – August 2024 in seven major markets across the country including Greater Vancouver, Fraser Valley, City of Calgary, Edmonton, Greater Toronto, Ottawa and Halifax Regional Municipality, and found that condo listings have soared in anticipation of increased demand in the fourth quarter of 2024 and early 2025. Growth in inventory levels was highest in the Fraser Valley (58.7 per cent), followed by Greater Toronto (52.8 per cent), City of Calgary (52.4 per cent), Ottawa (44.5 per cent), Edmonton (17.7 per cent), Halifax Regional Municipality (8.1 per cent) and Vancouver (7.3 per cent). Values have held up surprisingly well given the influx of listings, with gains posted in Calgary (15 per cent), Edmonton (four per cent), Ottawa (2.3 per cent), Vancouver (1.9 per cent), Fraser Valley (1.9 per cent), and Halifax (1.2 per cent). Meanwhile in Greater Toronto, the average price fell two per cent short of year-ago. While sales were robust in Alberta thanks to in-migration from other parts of the country, Edmonton led the way in terms of percentage increase in the number of condos sold, up just close to 37 per cent from year-ago levels, marking the region's best performance in the previous five-year period. This is followed by a more tempered Calgary market, which was up 2.6 per cent over 2023. Remaining markets saw home-buying activity soften in the condominium sector. “High interest rates and stringent lending policies pummeled first-time buyers in recent years, preventing many from reaching their home-ownership goal, despite having to pay record high rental costs that mirrored mortgage payments,” says RE/MAX Canada President Christopher Alexander. “The current lull is the calm before the storm. Come spring of 2025, pent-up demand is expected to fuel stronger market activity, particularly at entry-level price points, as both first-time buyers and investors once again vie for affordable condominium product.” SOURCE: Greater Vancouver REALTORS, Fraser Valley Real Estate Board, Calgary Real Estate Board, REALTORS Association of Edmonton, Toronto Regional Real Estate Board, Ottawa Real Estate Board, Nova Scotia Association of REALTORS. *Apartments Only **Estimated average price for Greater Vancouver Edmonton and Calgary remain firmly entrenched in seller's market territory, while conditions are more balanced in Greater Vancouver, Fraser Valley, Ottawa and Halifax. These markets will likely transition in 2025. Toronto may be the last to emerge from more sluggish conditions, however, Alexander notes that it's a market that has been known to turn quickly. Absorption rates will be a key indicator. Certainly, the market forces of supply and demand always prevail, so some neighbourhoods will fare better than others. Of note in Toronto, prices have likely bottomed out and that's usually evidence that a turnaround is in sight. The current uptick in inventory levels is drawing more traffic to listings, yet buyers remain somewhat skittish across the country. The first two Bank of Canada interest rate cuts did little to entice prospective homebuyers to engage in the market, given the degree of rate increases that took place. However, with further rate reductions expected and policy adjustments to address affordability and ease entry into the market, activity will likely start to climb, particularly among end users. “Even in softer markets, hot pockets tend to emerge,” says Alexander. “In the condominium segment we're seeing a diverse mix among the most in-demand areas, ranging from traditional blue-chip communities to gentrifying up-and-comers, as well as suburban hot spots. Condominiums in choice recreational areas were among the markets posting stronger sales activity—a trend that was also reflected in our single-detached housing report issued earlier this year.” In each market, there are condominium pockets that defied overall trends. In the Greater Toronto Area, condominium sales were up by double digits in the first eight months of 2024 in midtown communities such as Toronto Regional Real Estate Board (TRREB)'s Yonge-Eglinton, Humewood-Cedarvale, Forest Hill South (C03) where activity increased 25.3 per cent (114 condo sales in 2024 compared to 91 sales in 2023) and Bedford-Park-Nortown, Lawrence Park, and Forest Hill North (C04) rose 13.3 per cent (128/113). The west end's High Park, South Parkdale, Swansea and Roncesvalles (W01) communities experienced a 15.7-per-cent upswing in units sold (206/178) while neighbouring W02 including High Park North, Junction, Lambton Baby Point, and Runnymede-Bloor West Village climbed 25.2 per cent (189/151). In the east end, the Beaches (E03) reported a 20.3-per-cent increase in sales activity. In Greater Vancouver, an uptick in apartment sales was noted in suburban markets including Port Coquitlam where the number of units sold was up 11 per cent (263 in 2024 compared to 237 in 2023) while more moderate increases were posted in New Westminster (up 0.4 per cent) and recreational communities such as Whistler/Pemberton (up 3.3 per cent). In Fraser Valley, Mission was the sole market to experience an increase in apartment sales, according to the Fraser Valley Real Estate Board, up just over 74 per cent year-over-year (68 in 2024 compared to 39 in 2023). Strong sales were also reported in Calgary neighbourhoods such as Eau Claire (up 59.1 per cent) and Downtown East Village (up 17.3 per cent). Meanwhile, RE/MAX found that investor activity has stalled in most markets. The slowdown has been most notable in Greater Toronto, where up to 30 per cent of investors have experienced negative cashflow on rental properties as mortgage carrying costs climbed, according to analytics by Urbanation and CIBC Economics. Investor confidence is expected to recover in the months ahead, as interest rates fall and return on investment (ROI) improves. Edmonton bucked the trend in investor pullback. With supply outpacing demand in Canada's most affordable condominium market, savvy investors in Edmonton have been actively revitalizing tired condominium stock and subsequently renting it out for top dollar. Affordability has been a significant draw for out-of-province investors, particularly those from Ontario and British Columbia who are seeking opportunities further afield to bulk up their portfolios. Out-of-province developers and builders have been similarly motivated by Edmonton's lower development costs and lack of red tape. Halifax to a lesser extent has drawn investor interest, with affordability, low vacancy rates and upward pressure on rents being the primary factor behind the city's appeal. “In many markets, end users are in the driver's seat right now,” explains Alexander. “While investors are an important part of the purchaser pool, this point in time is a unique opportunity for aspiring condominium buyers who, for a short window of time, will likely see less competition from investors and a better supply of product. This is especially true in Toronto and Vancouver, where the impact of monetary policy has hit investor profit margins to a greater extent despite high rent and low vacancy rates. With values set to rise, this is arguably the most favourable climate condominiums buyers have seen in recent years.” In the longer term, immigration to Canada and in-migration/out-migration from one province or region to another will continue to prop up demand for condominiums in the years to come, as condominiums now represent both a first step to home ownership, and increasingly—in Canada's most expensive markets—the middle step as well. Although population numbers are forecast to contract in the short-term, overall growth will resume, with Statistics Canada's projections falling just short of 44 million to as high as 49 million by 2035. Increasing density and urbanization, along with continued population growth is expected to support the long-term outlook for condominium activity nationally. Canada's urban population has been climbing consistently since the post-WWII period with an estimated 80 per cent of Canadians residing in urban centres. Downtowns are growing fast, and more rapidly than ever before. “The housing mix is evolving very quickly as a result of densification and urbanization. Condominiums now represent the heart of our largest cities, and it is inevitable that further development will see condos become the driving force accounting for the lion's share of sales in years to come,” says Alexander. “It's a physical and cultural shift that Canadians are not only adjusting to but are embracing, as younger generations redefine urban neighbourhoods, sparking demand for vibrant and robust amenities, infusing new life in Canada's urban cores in the process.” Market by market overview Greater Vancouver Area and Fraser Valley Softer market conditions prevailed throughout much of the year in the Greater Vancouver Area and the Fraser Valley, with fewer sales of condominium apartments occurring across the board in 2024. In Greater Vancouver, year-to-date apartment sales between January and August were well off year-ago levels at 9,248, according to Greater Vancouver Realtors, down just over eight per cent from the same period in 2023. Neighbouring Fraser Valley reported just 3,130 apartments changing hands between January and August of this year, down 8.5 per cent from year-ago levels. Values continue to climb in the Fraser Valley, where the overall average price year-to-date for apartment units is up two per cent year-over year ($559,215/$548,658) according to the Fraser Valley Real Estate Board, while Vancouver has edged up two per cent to $823,550 in 2024, compared to $807,085 in 2023. Home-buying activity started with a bang in both Greater Vancouver and the Fraser Valley this year as the anticipation of interest rate cuts in April fuelled momentum. When it became evident that interest rates would hold steady until June or July, the wind was sucked from the market sails. Several areas in Greater Vancouver have reported an increase in year-to-date sales, including Port Coquitlam (263 sales in 2024 compared to 237 sales in 2023), New Westminster (546/544) and Whistler/Pemberton (186/180). Despite several interest rate cuts to date, however, buyers are still skittish, holding off on purchasing their home until rates decline further, while sellers are reluctant to list their homes for fear of leaving money on the table. The catch-22 situation has been frustrating for buyers and sellers alike, but buyers who pull the trigger now on a purchase, may ultimately find themselves in a better position come spring. Selection is good with more than 2,100 apartments currently listed for sale in Greater Vancouver and another 2,080 available in the Fraser Valley, and buyers have the luxury of time to make thoughtful decisions. Come spring, the number of purchasers in the market is expected to increase, placing upward pressure on values. Some of the most popular areas for condominium sales in Greater Vancouver in recent years are in East Vancouver. Its culturally diverse and artsy neighbourhoods, top-shelf restaurants and cafés, including Michelin Star Published on Main, as well as craft breweries and entertainment, have served to draw a younger demographic. False Creek, Mt. Pleasant, Kits Point, Fairview, Pt. Grey and Dunbar offer condo buyers a spectacular view of North Vancouver and the Burrard Inlet and easy access to the Skytrain, bike and walking paths, parks and recreational facilities. A one-bedroom apartment in an established building in Mt. Pleasant can be purchased for approximately $650,000, while newer product can be picked up for as low as $490,000 to a high of $928,000. Prices in nearby Kits trend higher with a one-bedroom hovering at $715,000 on average. The lion's share of apartment sales in both Greater Vancouver and Fraser Valley are occurring under the $800,000 price point for a one-bedroom apartment, while a two-bedroom priced below $1 million will generate solid interest. The Valley tends to offer greater selection under the $800,000 price point, and typically has more appeal with first-time buyers. As demand rises in tandem with the Bank of Canada's interest rate cuts, absorption levels should increase. Spring of 2025 is expected to be characterized by strong demand and dwindling supply, with modest increases in average price. Strong economic fundamentals going into the new year will support an increase in home-buying activity, with lower interest rates and longer amortization periods helping to draw first time buyers into the market once again. City of Calgary While interprovincial migration has slowed from year-ago levels, overall net migration to Alberta continues to climb, sparking demand in the province's affordable real estate market. In Calgary, the sale of condominium apartments experienced a modest increase of almost three per cent in the first eight months of the year, with 5,722 units changing hands compared to 5,577 sales during the same period in 2023. Year-to-date average price has climbed 15 per cent year-over-year to just over $347,000, up from $301,868 in 2023, according to the Calgary Real Estate Board. Growth has been noted in virtually all areas of the city, with the greatest percentage increases in sales occurring in Eau Claire (59.1 per cent), Killarney/Glengary (46.7 per cent), Garrison Woods (64.7 per cent) Garrison Green (23.5 per cent) and Currie Barracks (18.2 per cent). Most condominium apartment sales are occurring in the downtown district, where walkability plays a major role. Younger buyers tend to gravitate toward the core area, which allows residents to walk to work and amenities. Not surprisingly, the highest number of sales occurred in the Downtown East Village, where 129 units have been sold year to date, up from 110 sales one year ago. Significant gains have also been posted in average price, with Saddle Ridge experiencing an increase in values close to 36 per cent, rising to $317,997 in 2024, followed by Hillhurst, which increased 21.4 per cent to $423,873. Out of the 12 key Calgary markets analyzed by RE/MAX, seven posted double-digit gains in values. Seller's market conditions prevailed in the city throughout much of the year, with strong demand characterizing home-buying activity. Luxury apartment sales are on the upswing, with 49 apartments selling over $1 million so far this year compared to 41 during the same period in 2023, an increase of 19.5 per cent. Empty nesters, retirees and oil executives are behind the push for high-end units, most of which are in the downtown core offering spectacular views of both the Bow River and the mountains. First-time buyers are most active in the suburbs, where they can get the best bang for their buck in communities such as McKenzie Town, Panorama Hills and Saddle Ridge. Apartment values in these areas average around $300,000, making them an attractive first step to home ownership, but also an affordable entry point for small investors. After a heated spring market, inventory levels have improved substantially, with a relatively good selection of condominiums available for sale. Inventory levels hover at close to 1,500, up substantially from year-ago levels, with the sales-to-new listings ratio now sitting at 60 per cent. With interest rates trending lower, more buyers and a greater number of investors are expected to enter the market in the year ahead. Rather than waiting for next spring, when rates are lower but prices are higher, buyers may want to consider making a purchase today when supply is healthy and market conditions are less heated. Buying with a two-month closing could also capture the expected Bank of Canada rate cuts in October and December. Edmonton Home-buying activity in the Edmonton's apartment segment exploded in 2024, with year-to-date sales almost 37 per cent ahead of year-ago levels. Affordability continues to be the catalyst for activity, with 3,351 units changing hands, up from 2,452 sales one year ago, making 2024 the best year for apartment sales in the past five years (for the January to August period). The average price of an apartment in Edmonton year-to-date is $200,951, up four per cent over year-ago levels, according to the Realtors Association of Edmonton, making Edmonton the lowest-priced major market in the country. Immigration and in-migration have seriously contributed to the uptick in sales, with Edmonton reporting record population growth in 2023. Statistics Canada data for Alberta in the second quarter of 2024 show net interprovincial migration continues unabated, up almost 11 per cent, with 9,654 new residents coming from other Canadian centres – the majority hailing from Ontario and British Columbia. During the same period, immigration numbers remained relatively constant at 32,000. The sales-to-new-listings ratio now sits at 65 per cent—clear seller's territory. Many condominiums are now moving in multiple offers. The influx of newcomers has buoyed the city, with growth evident in neighbourhoods from the downtown core to the suburbs. Most are buying up properties, as opposed to renting, as they may have done in years past. Home ownership is more-easily attainable in Edmonton relative to other major cities, with the cost of a condominium apartment as low as $100,000. Newer condominiums are available for less than $300,000. Condominiums vary in shape and size in Edmonton, with row house condominiums featuring a backyard and a garage being a major attraction. Investors have also entered the picture, buying up older, tired condo units, fixing them up and renting them out for top dollar. Lower development costs have also prompted an influx of out-of-province builders and developers who can quickly construct 20- and 30-floor high-rise towers or townhouse developments that fill the missing middle. Well-known builders in Ontario and British Columbia are moving into the Alberta market because of the lack of red tape. Several condominium buildings are currently underway, with many more in various stages of planning. With demand currently outpacing supply, the quicker these units come on stream, the better. By 2027, more balance market conditions are expected. First-time buyers are also exceptionally active in the condo segment. Affordable price points and a notable lack of provincial and municipal land transfer taxes allow younger buyers to easily enter the market. Purchasers who are coming from other provinces quickly realize how far their dollar stretches in Edmonton, as the low cost of housing allows for more disposable income. Homeowners can pay their mortgage, go out for weekly dinners, and have an annual vacation, without too much stress. Amenity-rich Oliver remains one of the most coveted hubs in Edmonton. West of 109th St. and the downtown core, the diverse neighbourhood offers a mix of new condominium development including walk ups, mid- and high-rise buildings, and peripheral spin off including retail shops, restaurants and entertainment, all within a short walk to the River Valley. Demand is especially high thanks to the walkability of the area and close proximity to the ICE District. Old Strathcona and Whyte Avenue are also sought-after. The trendy arts and cultural area boasts a mix of funky, bohemian-style and historic buildings, galleries, boutiques, shops, restaurants, cafes and a vibrant nightlife. Edmonton's housing market continues to be driven from the bottom up. Renters move into condo apartments, who move into condo row housing, who move into townhomes and eventually make their way to single-detached homes. The cycle is expected to be supported by a strong local and provincial economy heading into 2025 as monetary policy continues to ease, households and businesses increase spending, and oil prices climb. Greater Toronto Area Demand for condominium apartments and townhomes in the Greater Toronto Area has softened year-over-year, with sales off 2023 levels by eight per cent. Close to 16,800 condo apartments and townhomes changed hands between January and August 2024, down from 18,263 sales during the same period in 2023. Overall condominium values fell almost two per cent, with average price now sitting at $732,648 for apartments and townhomes, down from $747,039 during the same period in 2023, according to data from the Toronto Regional Real Estate Board (TRREB). Two buyer pools are impacting the condominium market at present—investors and end users. The investment segment has stalled, as a growing number of condominium investors find themselves unable to cover their carrying costs when closing, despite a relatively strong rental market. In a July 2024 report, Urbanation and CIBC Economics examined the distribution of cash flow by dollar amount and found that 30 per cent of investors of new condos completed in 2023 were cash flow negative by $1,000 or more. End users, especially those seeking larger one-bedroom-plus-den or two-bedroom units, are active in the condo market, particularly in the Forest Hill South, Yonge-Eglinton, Humewood-Cedarvale (C03) and Bedford-Nortown, Lawrence Park and Forest Hill North (C04). Several new buildings in these areas have prompted a 25.3- and 13.3-per-cent uptick in sales activity respectively, while average price has edged slightly higher in Forest Hill South, Yonge-Eglinton, Humewood-Cedarvale ($871,839 in 2024 compared to $863,681 in 2023). Double-digit increases in year-to-date condominium sales in the 416 were also reported in west end communities such as High Park, South Parkdale, Swansea and Roncesvalles (up 15.7 per cent), High Park North, Junction, Lambton- Baby Point, and Runnymede-Bloor West Village (up 25.2 per cent); and in the east, the Beaches area (up 20.3 per cent). In the 905-area code, an uptick in condo activity was noted in Halton Hills (up 21.6 per cent) and Milton (up 13.3 per cent); and in Newmarket (up 30.6 per cent). Close to 43 per cent of TRREB districts in the 416-area code reported modest gains in average price between January and August of 2024, led by the Annex, Yonge-St. Clair (C02), with a close to 14-per-cent increase in values. One in four markets in the 905-area code have posted gains in condominium values year-over-year. Inventory levels continued to climb throughout much of the year as available resale units were joined by an influx of new completions on the Multiple Listing Service (MLS). Selection has vastly improved over year-ago levels, with over 8,300 apartment units actively listed for sale at the end of August, compared to 5,455 units during the same period in 2023. Almost 1,700 active listings were reported in the condo townhouse segment, up 53 per cent from the 1,110 posted in 2023. Pre-construction condominium assignments are still occurring as investors look to sell their units before registration, but the pace has subsided since 2023. New completions have slowed in the second quarter of this year in Greater Toronto–Hamilton in large part due to the lack of investor interest, with starts off last year's level by 67 per cent, according to Urbanation. Repercussions in the short-term will be negligible but the longer-term impact is expected to be substantial. Twenty-thousand new condominium units are planned for the GTA in 2025; 30,000 in 2026; and 40,000 in 2027. In 2028, the figure falls to 5,000 units. At that point, construction will heat up, but not fast enough to meet demand. With a six-month supply of condominiums currently available for sale, the GTA market is heading into clear buyers' territory. With values at or near bottom and Bank of Canada overnight rates trending lower, the fall market may represent the perfect storm for first-time buyers. As rates drop, more buyers are expected to enter the market in the months ahead. As absorption rates increase, the current oversupply will be diminished and demand will take flight, placing upward pressure on average prices once again. Ottawa Although downsizing empty nesters, retirees and first-time homebuyers fuelled steady demand for condominium apartments and walk-ups in Ottawa in 2024, the number of units sold between January and August fell short of year-ago levels. The Ottawa Real Estate Board reported just over 1,400 condominium apartments changed hands year to date, down less than one per cent from 2023. Meanwhile, values rose 2.3 per cent over last year, with average price rising to $447,042. Affordability remains a major concern in Ottawa, despite changes to monetary policy in recent months. First-time buyers find themselves locked out of the freehold market, given high interest rates and stringent lending policies. Fixed mortgage rates have dropped in recent weeks and are expected to continue to decline for the remainder of the year and into 2025, but potential buyers are still wary. Inventory levels have increased year over year as a result, with active listings in August hovering at 636, approximately 44.5 per cent ahead of 2023. First-time buyers who choose to move forward with a purchase are typically looking for condominiums with low monthly maintenance fees and a parking spot priced from $500,000 to $550,000. The downtown core to Centretown and Dows Lake are popular destinations, given the proximity to the workplace, shops and restaurants. Those seeking to spend less could find a lower-priced unit in an older building for $350,000 but monthly condominium fees would be significantly higher. Suburban condominiums in areas such as Kanata, Barrhaven, and Orleans are also an option, priced from $375,000 to $400,000. Tighter inventory levels exist in the luxury segment, where fewer condominium apartments are available over the $850,000 price point. Empty nesters and retirees are responsible for the lion's share of activity in the top end of Ottawa's condominium market. Westboro, the Golden Triangle, and Centretown, as well as neighbourhoods undergoing gentrification including The Glebe, Lansdowne, and Old Ottawa East, are most sought-after by buyers, many of whom are downsizing. Walkability is a major factor in these communities, with condominium apartments within walking distance to top restaurants and cafes, unique shops and picturesque walking paths. As consumer confidence grows with each interest rate cut, more and more buyers should return to the market. Fourth-quarter sales are expected to be comparable to year-ago levels, but the outlook for spring of 2025 appears to be bright. Pent-up demand is building and those first into the market will reap the rewards. Halifax Regional Municipality After three consecutive interest rate cuts and the prospect of two more by year end, optimism is finally building in the Halifax Regional Municipality housing market. Average condominium values have edged ahead of year-ago levels in the first eight months of the year, now sitting at $484,491, up one per cent over the $479,558 reported during the same period in 2023. Condominium sales, however, declined year over year, with 510 properties changing hands between January and August, down close to seven per cent from last year's levels, according to data compiled by the Nova Scotia Association of Realtors. The trepidation that existed earlier in the year is subsiding and confidence is starting to grow as inflation is curtailed. The most competitive segment of the overall housing market remains under $600,000 in the Halifax area, with first-time buyers most active at this price point. Entry-level condominiums priced between $300,000 and $400,000 are most sought after, while semi-detached and townhomes tend to be the preferred choice over $400,000. At the top end of the market, condominium sales over $750,000 have experienced a modest uptick, with 35 properties sold so far this year, compared to 34 during the same period one year ago. Year-to-date average price in the top end of the market has softened from year-ago levels, sitting at almost $940,000, down from $957,300 during the same timeframe in 2023. Young professionals and retirees are largely behind the push for higher-end condominiums, with most sales occurring within the city's downtown core. Downward pressure on interest rates has prompted more sellers to list their condos in recent weeks, but there are no liquidation sales occurring. Inventory levels are up just over eight per cent from 2023. The vast majority of condominium apartments are found on the peninsula's northeast quadrant, central and downtown cores. Some developments are situated on the waterfront in Dartmouth (near the ferry) and in Bedford, but supply is less plentiful in these areas. Investors are also active in Halifax's condominium market with an eye toward rental properties. Multi-unit housing remains exceptionally popular, with most investors interested in buildings with eight to 10 units. Four-plexes and duplexes are also an option, given the city's low vacancy rates and upward pressure on rent. In-migration and immigration have continued to play a role in the city's growth, although the influx of newcomers has abated somewhat from peak levels. Positive international immigration, coupled with interprovincial migration, contributed to a net increase of 6,000 people in the second quarter of 2024. Major improvements are planned for the Dartmouth waterfront that will make it more pedestrian friendly in the coming years, including public spaces and cruise ships. The redevelopment hopes to mirror the success of Halifax's vibrant waterfront area that continues to attract both visitors and residents to the area's restaurants and cafes, outdoor kiosks, retail shops, playgrounds, museums, and the ferry terminal.  With continuous investment and a bold new vision for the municipality, Halifax is expected to thrive in the years ahead, given the city's affordable real estate and spectacular topography. About the RE/MAX Network  As one of the leading global real estate franchisors, RE/MAX, LLC is a subsidiary of RE/MAX Holdings (NYSE: RMAX) with more than 140,000 agents in almost 9,000 offices with a presence in more than 110 countries and territories. RE/MAX Canada refers to RE/MAX of Western Canada (1998), LLC and RE/MAX Ontario–Atlantic Canada, Inc., and RE/MAX Promotions, Inc., each of which are affiliates of RE/MAX, LLC. Nobody in the world sells more real estate than RE/MAX, as measured by residential transaction sides. RE/MAX was founded in 1973 by Dave and Gail Liniger, with an innovative, entrepreneurial culture affording its agents and franchisees the flexibility to operate their businesses with great independence. RE/MAX agents have lived, worked and served in their local communities for decades, raising millions of dollars every year for Children's Miracle Network Hospitals® and other charities. To learn more about RE/MAX, to search home listings or find an agent in your community, please visit remax.ca. For the latest news from RE/MAX Canada, please visit blog.remax.ca. Mario Toneguzzi Mario Toneguzzi is Managing Editor of Canada's Podcast. He has more than 40 years of experience as a daily newspaper writer, columnist, and editor. He was named in 2021 as one of the Top 10 Business Journalists in the World by PR News – the only Canadian to make the list. He was also named by RETHINK to its global list of Top Retail Experts 2024. About Us Canada's Podcast is the number one podcast in Canada for entrepreneurs and business owners. Established in 2016, the podcast network has interviewed over 600 Canadian entrepreneurs from coast-to-coast. With hosts in each province, entrepreneurs have a local and national format to tell their stories, talk about their journey and provide inspiration for anyone starting their entrepreneurial journey and well- established founders. The commitment to a grass roots approach has built a loyal audience on all our social channels and YouTube – 500,000+ lifetime YouTube views, 200,000 + audio downloads, 35,000 + average monthly social impressions, 10,000 + engaged social followers and 35,000 newsletter subscribers. Canada's Podcast is proud to provide a local, national and international presence for Canadian entrepreneurs to build their brand and tell their story #business #CanadasNumberOnePodcastforEntrepreneurs #Condo Market #Condos #entrepreneurs #entrepreneurship #Homes #Housing #RealEstate #small business

Public Safety Minister Dominic LeBlanc says pro-Palestinian group Samidoun is being listed as a terrorist group. The British Columbia Real Estate Association (BCREA) reports that 5,579 residential unit sales were recorded in Multiple Listing Service® (MLS®) systems in September 2024, up a little under 1 per cent from September 2023.  The final few days of the BC campaign trail! Learn more about your ad choices. Visit megaphone.fm/adchoices

#624 Navigating the New Real Estate Landscape with Jeff Glover In this episode of One Big Fire, host John Kitchens welcomes special guest Jeff Glover to dive into the challenges and opportunities of the shifting real estate landscape. The conversation revolves around the recent regulatory changes, particularly the Department of Justice (DOJ) rulings that have significantly impacted the traditional real estate commission structure. As real estate agents navigate this new terrain, the importance of understanding these changes, refining negotiation skills, and communicating value to clients becomes paramount. The episode begins with John Kitchens introducing the idea of how these regulatory shifts are affecting agents and brokers across the industry. Jeff Glover shares his extensive experience, emphasizing the need for real estate professionals to stay ahead of the curve by adapting their strategies to fit the new rules. He explains that many agents are facing confusion and anxiety, largely because they don't yet fully understand the changes or how to apply them to their businesses. According to Jeff, the key to overcoming this is education, practice, and being prepared with the right tools and language to discuss these changes with clients. One of the major topics discussed is the removal of commission communication via the Multiple Listing Service (MLS). Jeff highlights that while agents are still legally allowed to offer concessions to buyers, these can no longer be communicated through the MLS in some areas, which has left many professionals scrambling for clarity. Some MLS platforms are interpreting the new rules differently, creating inconsistencies across regions. Jeff urges agents to be clear on their MLS rules and advises taking a firm stance on offering concessions where allowed, as this remains the most efficient way to communicate value to potential buyers. The conversation moves toward the broader implications of these changes on buyer and seller behavior. Jeff argues that, while the changes are unsettling for some, they also present an opportunity for agents to reset their business models. He encourages agents to shift their focus from simply following traditional commission practices to building stronger relationships with clients by presenting themselves as value-driven experts. The episode emphasizes the importance of transparency and communication, particularly when it comes to explaining commission structures, offering concessions, and ensuring clients understand their options in the current market. John and Jeff discuss the rise in “steering” — a practice where agents may direct clients toward listings based on compensation offered to buyer's agents. With the recent rulings, this issue has come to the forefront, and agents need to be cautious about how they navigate these conversations. Jeff suggests that educating both clients and agents about the importance of fair practices and long-term relationships will help mitigate some of these issues. Throughout the episode, Jeff emphasizes that the agents who adapt quickly and embrace these changes are the ones who will thrive. He points out that many agents have relied on the same business practices for decades, but the real estate industry is evolving. To succeed in this new era, agents must become adept at articulating their value proposition — explaining exactly what they bring to the table and why clients should choose them over their competitors. Jeff encourages agents to hone their negotiation skills and focus on their expertise, which will help them maintain and even increase their commission despite industry changes. Jeff also highlights the importance of staying engaged with ongoing education and training. He advocates for regular role-playing sessions, writing out scripts, and consistently practicing the new language needed to discuss compensation and value with clients. For Jeff, this is a critical step in preparing agents for success in the new real estate landscape. He shares how his team has implemented daily practice sessions to master these conversations, which has helped them feel more confident and capable in front of clients. John Kitchens adds to the discussion by stressing the importance of storytelling and building trust with clients. He notes that buyers and sellers are more informed than ever, thanks to the abundance of information available online, and it's up to agents to demonstrate their expertise in a way that resonates with modern consumers. By using testimonials, case studies, and personal success stories, agents can build credibility and stand out in a crowded market. The episode concludes with both John and Jeff offering actionable advice for agents looking to navigate the new real estate landscape. They recommend that agents start by educating themselves on the latest rules and regulations, practicing new negotiation techniques, and refining their value propositions. By focusing on delivering value, maintaining transparency, and building long-term client relationships, agents can not only survive but thrive in the evolving industry. Key Takeaways: The DOJ's changes to real estate commission structures require agents to adapt quickly by learning new rules and practices. Offering concessions is still legal and effective, but agents must be clear on their MLS's stance. Strong negotiation skills and the ability to communicate value to clients will be essential moving forward. Agents should focus on continuous education, refining their value proposition, and building trust through storytelling and transparency.   Resources Mentioned: Glover U Free Resources Listen to the Full Episode: Watch on YouTube

Commission changes sowing confusion, brokers say In theory, new rules governing how real-estate commissions are divided among buyers' and sellers' agents could lower the cost of buying a home. In reality, many agents say, they add paperwork and make the process more confusing. A settlement in a $418 million class-action lawsuit against the National Association of Realtors ended the practice of agents using the Multiple Listing Service (MLS) to indicate how a sales commission will be split between agents. The lawsuit, brought by a group of Missouri homeowners in 2019, claimed that automatically giving buyers' agents a commission violated antitrust laws and artificially inflated costs. The changes, which took effect Aug. 17, clarify that sellers are not obligated to pay a commission to the buyer's agent. In a typical transaction, the seller might pay a 5 percent commission, which their agent would offer to split with the buyer's agent. On a home that sold for $500,000, that would be $25,000, or $12,500 each. Under the new rules, a buyer's agent can't show a home - in-person or remotely - unless their client signs a document acknowledging that all fees are negotiable, are not set by law and that they understand how the agent will be paid, said Crystal Hawkins-Syska, a board member of the Hudson Gateway Association of Realtors, which represents 13,000 agents in the lower Hudson Valley. (The agreement is not required if a potential buyer is just speaking to an agent at an open house or asking about services available.) Under the new rules, the payment to the buyer's agent could be a commission from the buyer or seller, a flat fee, an hourly charge or some other arrangement, she said. According to the National Association of Realtors, it cannot be vague, such as "whatever the amount the seller is offering to the buyer." Some real estate agents say the rules only add paperwork to the process. "They're saddling us with yet more forms for people to fill out," said Daniel Aubry, who operates a real estate agency in Beacon. "It's just adding another layer of confusion and anxiety," said Charlotte Brooks, of House Finch Realty in Cold Spring. So far, the disclosures haven't had much practical impact, Aubry said. In two cases in which he showed a home, the sellers agreed to compensate the buyer's agent. That's smart, said Bill Hussung of Robert A. McCaffrey Realty in Cold Spring. "It's a good sales tactic to tell potential buyers, 'Look, I'm covering your costs.' " Whether the rules will drive down commissions is not clear. Hussung says that commissions have always been negotiable and have dropped over the last decade from 6 to 5 percent. Aubry agreed that commissions have come down. Home Rules If you are buying a home: An agent can't show you a home - in-person or remotely - unless you sign a document acknowledging that all fees are negotiable, are not set by law and that you understand how your agent will be paid (e.g., a traditional commission split with the seller's agent or a commission, flat fee or hourly rate). An agreement is not necessary if you are visiting an open house or just asking agents about their services. However, some agents are asking open-house visitors to acknowledge that they understand the agent represents the seller and, if they want to make an offer on the spot, they may need to sign another disclosure about representation and compensation If you are selling a home: You are not obligated to pay a commission to the buyer's agent. However, it might be a good marketing strategy to tell potential buyers that you will do so. Any commission being offered to the buyer's agent (e.g., 2.5 percent) can no longer be included in the Multiple Listing Service, although you can offer to pay other costs, such as closing fees. One effect of the rules might be that buyers may be tempted to hire the seller's agent, a practice known as "dual agency." But that's not ideal, said Jonathan Miller of JonCar Realty in Beacon, because o...

Kristen Conti Reveals the Inside Scoop on the NAR Lawsuit and How It Will Impact Real EstateIn this episode, Dr. Tamara “Tami” Patzer talks with Kristen Conti, a seasoned real estate broker and owner of Peacock Premier Properties in Englewood, Florida. Kristen has over 31 years of experience navigating the ever-evolving real estate landscape, and she's here to provide essential insights on the recent National Association of Realtors (NAR) settlement and how it will reshape the industry.Kristen's wealth of knowledge and deep understanding of the market make her uniquely qualified to guide us through these significant changes. As a broker-owner, she has witnessed the industry adapt to countless shifts, but the recent developments surrounding the NAR lawsuit and the new regulations that took effect on August 17, 2024, are among the most profound the industry has seen in decades.During the interview, Kristen addresses some of the most pressing questions and common myths related to these changes. She delves into the details of the Sitzer/Burnett lawsuit, which led to the $418 million settlement, and discusses the far-reaching ramifications for real estate professionals, buyers, and sellers alike.From the new buyer agency agreements to the removal of commission information from the Multiple Listing Service (MLS), Kristen provides a comprehensive overview of what to expect in this new era of real estate.Whether you're a real estate professional concerned about the impact on your business or a buyer or seller navigating the evolving landscape, this episode offers the expert guidance you need to approach the future with confidence. Kristen's insights into the importance of value articulation, the role of the buyer's agent, and the potential for a 20% attrition in the industry provide a fascinating glimpse into the industry's future.Listeners who are interested in understanding the real estate market, the implications of the NAR settlement, and strategies for success in this new era will find this episode invaluable.Kristen's passion for the industry, her commitment to her community, and her ability to translate complex topics into actionable insights make her a must-listen for anyone invested in the future of real estate.To learn more about Kristen Conti and her expertise, visit her website at KristenConti.com or connect with her on social media. You can also reach out to her directly at the Peacock Premier Properties office by calling 941-286-8486 or emailing Kristen@KristenConti.comSource: https://businessinnovatorsradio.com/kristen-conti-decoding-the-nar-settlement-and-its-implications-for-real-estate-buyers-and-sellers-nationwide

Planitar Inc. and FBS Partner to Streamline MLS Listings, Automatically Loading Property Data from iGUIDE 3D Virtual Tours and Floor Plans Integration will enable agents to automatically populate listings on Flexmls Platform with rich media and detailed property information from iGUIDE, enhancing the accuracy and quality of MLS data. WATERLOO, Ontario, & FARGO, N.D.--Tuesday, July 23, 2024 (BUSINESS WIRE)--Planitar Inc., makers of iGUIDE, a proprietary camera and software platform for capturing and delivering 3D virtual tours and property data, and FBS, the leading innovator of Multiple Listing Service (MLS) technology and creator of the Flexmls Platform, today announced a strategic partnership and platform integration. The Flexmls Platform empowers real estate professionals from 150+ MLSs with comprehensive access to property listings, market data, and business management tools, providing flexibility and autonomy in managing their operations. This integration will connect iGUIDE's technology to the Flexmls Platform enabling Flexmls users to seamlessly upload iGUIDE property data, including room dimensions (length and width) and labels, directly into the Flexmls platform with a single click. Previously, users manually transferred this data, making for a significantly more time consuming and error prone process. In addition to room dimensions and labels, agents will soon be able to upload rich property data including branded and unbranded iGUIDE virtual tours, precise floor plans, photos, and videos, enhancing their productivity and simplifying the listing entry workflow. iGUIDE is renowned for its precise schematic floor plans, meeting rigorous standards such as ANSI Z765-2021 and RECA RMS with an uncertainty of 1% or less in property square footage, well within the industry's 2% maximum allowable error. At the heart of iGUIDE's accuracy lies the quick-capture PLANIX Camera System, which employs a time-of-flight 2D lidar system to capture thousands of measurements with each scan. Accurate property dimensions, floor plans, and 3D virtual tours benefit not only the listing agent and seller but also potential buyers, enabling them to understand property layout and make informed decisions remotely. This streamlines the buying process and enhances overall market transparency. “FBS is the first MLS software vendor to implement the RESO Common Format (RCF) standard for auto-populating property data into the listing form. Planitar has collaborated with RESO for several years and contributed to the development of this standard, which automates the entry of various data types already available in machine-readable format. iGUIDE data is RESO-certified as RCF standard compliant and ready for integration with any MLS software that supports it,” explains Alexander Likholyot, CEO and co-founder of Planitar Inc. “This listing form autofill not only saves agents time and effort, but also greatly improves the quality of MLS data by eliminating manual transcription errors for property measurements. In addition to text and measurement data, the RCF standard supports auto-populating listing media, eliminating the need for agents to manually download and upload their images or video. This process occurs seamlessly behind the scenes, enabling agents to simply review their listing.” FBS has a long and proven track record of purposeful technology innovation and partnerships, including this partnership with iGUIDE, that simplify the user experience, ensuring the MLS remains the premier source of data and enriches the consumer experience. Michael Wurzer, FBS President and CEO: “We're continually looking to enhance the MLS customer experience for the 330,000+ real estate professionals across the US that we represent at FBS, and this partnership does that. iGUIDE's expertise in floor plan analysis, measurement, and immersive 3D virtual tours enriches Flexmls, setting new standards for the listing process and property data sharing. This integration offers the licensing framework necessary for incorporating rich content into our customers' MLS compilations, empowering them to uphold their status as the leading source of real estate data and media in their respective markets. Finally, it supports our mission to aggregate high-quality data and media, benefiting real estate practitioners and consumers.” Featuring customizable branding, integration of neighborhood information, and built-in lead generation connecting potential buyers directly with listing agents, iGUIDE continues to provide agents with a comprehensive marketing tool. For more information about iGUIDE, visit: www.GOiGUIDE.com About Planitar Founded in 2013 in Kitchener, Ontario, Canada, Planitar Inc. is the maker of iGUIDE, a proprietary camera and software platform for capturing and delivering immersive 3D virtual tours and extensive property data. iGUIDE is the most efficient system to map interior spaces and features accurate floor plans, measurements and reliable property square footage. By integrating floor plans and visual data, iGUIDE provides an intuitive and practical way to navigate and explore built environments digitally. For more, visit: www.GOiGUIDE.com About FBS Nationally recognized and based in Fargo, North Dakota, FBS is the leading innovator and provider of MLS technology, currently serving 330,000+ real estate professionals on its premier Flexmls® Platform. Flexmls is one of many apps and software products built on the standards-driven Spark® API technology platform, the industry's first and most utilized API. 100% employee-owned and with 45 years leading of industry leadership, FBS repeatedly achieves unmatched industry rankings for customer and user satisfaction, platform performance, and net promoter score (NPS). Learn more about FBS and the premier Flexmls Platform at: www.WeAreFBS.com --- Source: Planitar Inc. (iGUIDE) via BusinessWire

The real estate industry is experiencing significant changes and challenges as discussed in the recent episode of Real Estate Unscripted with host, Marjorie Adam and guests David Lykken, mortgage industry leader, and Bobby Nicely, Co-owner of ALCOVA Mortgage. The conversation delved into the impact of a recent lawsuit that will affect buyer agency compensation and concessions offered by sellers through Multiple Listing Service (MLS). The guests emphasize the need for realtors and lenders to adapt to these changes and the potential reduction in commissions. They highlighted the need for professionals in the industry to sell the value of their services and to embrace technology to stay competitive. In addition, there was a notable discussion about the trend of realtors becoming loan officers to increase their income, prompting a conversation about the potential impact on the consumer experience. The panel also addressed the evolving relationship between consumers and real estate professionals, with consumers becoming more proactive in seeking mortgage pre-qualification before engaging with realtors. The conversation touched on the importance of relationships, the need to demonstrate value to clients, and the shifting dynamics within the industry as a result of technological advancements and changing consumer preferences. Overall, the discussion provided valuable insights into the challenges and opportunities facing real estate professionals in the current market landscape. It underscored the need for professionals to adapt to changing trends and consumer behaviors while emphasizing the importance of maintaining high standards of service and delivering value to clients. The episode serves as a relevant and timely resource for real estate professionals seeking to navigate the evolving industry landscape.

Matterport and FBS Partner to Introduce Listing-Completion Feature, Automatically Populating Property Data and Media Assets from Digital Twins, Leapfrogging Current Listing Process Matterport Property Intelligence and FBS technology unlock new Flexmls Platform functionality saving time and minimizing errors for Flexmls users while enhancing home search experience for buyers. SUNNYVALE, California, Thursday, June 27, 2024 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR), announced its partnership with FBS, the leading innovator of Multiple Listing Service (MLS) technology and owner of the Flexmls platform. FBS represents more than 320,000+ real estate professionals across the US and offers a comprehensive real estate technology platform that includes the Flexmls® system. Flexmls is a powerful MLS platform designed to provide real estate professionals with access to property listings, market data, and tools for managing their business. A fully mobile MLS system, the Flexmls Platform gives real estate professionals the autonomy to run their business on their terms. This partnership enables Flexmls users to easily upload their Matterport digital twins, and autofill dimensional data from those twins directly into the Flexmls platform with just one click. Flexmls users will also gain efficiency through the seamless upload of Matterport media, including photos, floor plans, and videos. Flexmls users are now able to auto-fill dimensional data directly from their Matterport digital twins, including room name, length, and width, and automatically populate that data in the Flexmls interface. Matterport's AI-powered Property Intelligence automatically extracts measurements, dimensions, and room names from Matterport digital twins, providing prospective home buyers with accurate dimensional property data. This eliminates manual data entry for agents and back office staff, saving time and minimizing errors and omissions. The integration and launch of these features underscore a mutual commitment to innovate, add value to and improve the agent + buying experience, democratize access to data, and set new standards for the listing process. "This integration with Matterport furthers FBS's mission to help our MLS customers aggregate the highest quality data and media for the benefit of their members and consumers. Our customers have been manually adding Matterport digital twins to Flexmls for years and, on the surface, this integration simply makes what they're already doing easier. FBS is always excited to make our customers' work easier but this integration goes far beyond that by increasing data quality with room and dimension data and automatically adding photos, floor plans, video, and photos in one process without our customers having to do any extra work. Equally important, this integration provides the license terms needed to include this rich content in our customers' MLS compilations, enabling them to remain the premier source of real estate data and media in their markets - meaningful innovation that benefits real estate practitioners and consumers," said Michael Wurzer, FBS President and CEO. Dimensional data enhances the overall listing, benefitting both the listing agent and potential buyers who gain a deeper understanding of the property's layout and size. This information supports informed decision-making while helping them envision living in the space, factors that can simplify and expedite the buying process. “Since day one, our mission has been to fundamentally transform how people understand and access the built world. Our 3D digital twin technology set the industry standard for the virtual tour, and now we're automatically delivering precise property information to Flexmls customers for any type of property anywhere in the world,” said RJ Pittman, Chairman and CEO, Matterport. “Across the globe, Matterport serves nearly one billion virtual tours each year significantly enhancing the experience of exploring potential dream homes from afar. Our advancements in AI, automation, and property insights, when combined with our partnership with FBS, offer a solution that saves time by automating property data entry, enabling FBS's customers to better serve their clients with efficiency and ease.” Matterport helps customers achieve better access as well as understand and utilize properties through its next-generation 3D digital twin solutions for Property Marketing, Facilities Management, and Design and Construction Management. Learn more about the company's solutions at: www.matterport.com About FBS Nationally recognized and based in Fargo, North Dakota, FBS is the leading innovator and provider of MLS technology, currently serving 320,000+ real estate professionals on its premier Flexmls® Platform. Flexmls is one of many apps and software products built on the standards-driven Spark® API technology platform, the industry's first and most utilized API. 100% employee-owned and with 45 years leading of industry leadership, FBS repeatedly achieves unmatched industry rankings for customer and user satisfaction, platform performance, and net promoter score (NPS). Learn more about FBS and the premier Flexmls Platform at: www.WeAreFBS.com About Matterport Matterport, Inc. (Nasdaq: MTTR) is leading the digital transformation of the built world. Our groundbreaking digital twin platform turns buildings into data to make every space more valuable and accessible. Millions of buildings in more than 177 countries have been transformed into immersive Matterport digital twins to improve every part of the building lifecycle from planning, construction, and operations to documentation, appraisal and marketing. Learn more at: www.matterport.com ©2024 Matterport, Inc. All rights reserved. Matterport is a registered trademark and the Matterport logo is a trademark of Matterport, Inc. All other marks are the property of their respective owners. Source: Matterport

The National Association of Realtors agreed to pay $418 million to settle an antitrust suit that showed that they colluded to inflate commissions, block competition, inflate US housing prices, and harm consumers.  The $418 million might seem like a lot, but it's less that a half percent (.5%) of the $100 billion of real estate commissions that consumers pay every single year!  So why did they settle? Because if they didn't settle they could have faced a fine close to $6 Billion!  They settled, gave up their right to appeal, and they probably got off cheap.  Thanks for reading Year Of The Opposite - Travis Stoliker's Substack! Subscribe for free to receive new posts and support my work.But, it's still progress.  At issue was a few key points that seem to be clearly anti competitive.  For some background, when you buy a house in the USA, in general there is a 6% real estate commission that is typically shared between the agent representing the buyer and the agent representing the seller.  The entire commission is actually paid by the seller of the house.  So if you are selling a house for $1,000,000, $60,000 of your money is split between each realty company.It's worth noting that this 6% real estate commission is one of the highest in the world.  Most countries it's around 1-3%! We have been getting screwed and since this fee is fully paid by the seller of the house, it has been artificially inflating the price of houses.  Think about it like this.  If you know you know your house is worth $1,000,000 and that's how much you need in your pocket to leave your house, the sale price needs to be about $1,063,000 for you to be able to pay out the real estate commissions and still end up with $1,000,000.  There is no free lunch.  That means you will need to inflate the price of the house to $1,063,000. How did America end up with this system?  When you go to list your house, the realtors have a few way of controlling the entire process.   It always seemed like illegal collusion to me, and it looks like the courts agreed.  First is, the realtors themselves were basically required to be a part of the Multiple Listing Service (MLS), the system that lists all the houses for sale.  When an agent listed a house, the rules would require the realtor publish the commission that the buyers agent would get right on the MLS. And when you went to list your house, the realtor would make you sign a contract that you agree to pay the 6% fee and split it with the buyers agent.  There were some ways around this, but it made it WAY harder to sell your house.  I want to tell you a real story of exactly how it worked.  I have sold 2 houses without using a realtor and I have purchased 1 home without a realtor.  In recent years some services sprung up to offer a way for you to sell a house and have it listed in the MLS by paying a flat fee of between $100 and $500.  It is way less expensive than the $25,000 commission for the average home sale in America.  So why didn't everyone do this like I did?  Because real estate agents HATED IT and they essentially wouldn't work with you.  I experienced this myself first hand.Realtors will frequently claim that this never happened and that they would never put their commissions over the needs of their clients.  I know for a fact this was a lie.  When we were selling our house in East Lansing I met with 4 different realtors to list the house.  Only one would negotiate on the commission rate and it was only a slight decrease.  All of them gave me their suggested listing price.  I ended up opting to list it myself on a self serve MLS platform and I decided to market and advertise the property myself.  I took all the pictures and videos and I paid money to advertise it myself.  Our house was listed in the MLS, Zillow, Realtor.com, Facebook, etc.  Just like it would be if it was listed by a traditional agent.  Within a day or two, we showed the house to a friend of a friend and they agreed to purchase it.  It was a military couple, it was their first house purchase, and they were not represented by a buyers agent yet.  From the very beginning of the process I was very clear with them.  I warned them: * We will not pay your realtor commissions.  That is up to you.  * You certainly have the right to get your own realtor.  * If you choose to get a realtor, you are responsible for paying the commissions. * The biggest warning of all: if you do get a realtor, they will try to kill the deal.  The couple was amazing but they couldn't understand why a realtor would try to kill the deal since the couple had done all the work to find the house, done the showing and walk through, and negotiated the sale price.  But since this was their first house purchase, after speaking with their parents, they decided to hire a real estate agent.  Immediately, problems started.  The agent and I spoke.  I explained that I would not pay their commissions  and that the buying couple was well aware of that and had agreed. The buyers agent would verbally say they understood but then would sneakily send me contracts with hidden language that tried to get me to agree to paying their commissions!   It was very sneaky. They attempted this 3 times.  I refused every time.  Luckily, I'm a nerd and read contracts.  When I refused to sign, the agent sent their broker to try to convince me.  Again, I refused.  They even suggested that I RAISE the price of the house to cover their commissions.  Translation: they tried to get their clients a worse deal!  It was so gross to watch.  When I denied their attempts, I immediately informed their clients, the buyers of the house, of what was going on.  The clients were shocked to learn that their own realtors were working against their own interests.  Nonetheless, the deal moved forward.  For a short while.  Like many Americans, we have security cameras on the outside of our home by the doors.  Somehow the agent didn't realize that these cameras record audio.  I heard the agent give the client every reason in the book why they should NOT buy this house.  Over and over the agent would try to kill the deal.  “You won't want to be this close to the road”. “You won't be worried being in East Lansing with college kids?”   “You know 2 bedrooms might not be enough in the future”.  The agent didn't say a single positive thing.  It was so obvious what they were doing.  Of course, the buyers called me personally and told me they were going to back out of the deal and I could keep their earnest money deposit because they were so embarrassed by everything that had happened.  I refunded their money and moved on.  With this particular house sale, I had more than 15 agents contact me representing their clients.  On every contact a few things were clear: * The agent was only contacting because their client wanted to buy the house or get a showing.  * The agent hoped to talk me into letting them list my house for sale.  (This way they would pocket both sides of the commission and get closer to keeping the full 6%)* The agent wanted me to agree to pay their commission fee before they would show the house to their client.  I of course refused.  * Only one of those agents ended up showing the house to their client.  This experience was so gross to me because it showed that the actual buyer of the home, their client, was not being responsibly represented.  Their best interests were not being considered.  At least 14 buyers that wanted to see our house, and asked their agents to setup the showing - we're not able to tour the house because their own realtor put their financial interest over the interests of their clients.  Now, I am NOT saying all realtors are bad.  I am NOT saying that realtors don't deserve to be paid.  But I am sharing a story that actually happened.   And when I sold a house a few years later, it happened the same way.  100% of the times that I sold a house by myself without the use of real estate agents, this is what happened.  This doesn't mean that it happens all the time, but it definitely means that it happens at least some of the time.  So what happened with the sale of our East Lansing house? We ended up selling the house to a person that found it on Zillow. They did not have a realtor representing them. On average between the 4 different agents we considered listing with, the sales price of the house was $10,000 more than the listing agents suggested listing price and because we didn't have to pay any realtor commissions, we ended up keeping $15,000+ more than what we would have if we had used a realtor. The NAR settlement does the following:  * The settlement bans N.A.R. from allowing seller's agents to set compensation for buyer's agents.* It aims to prevent "steering" by prohibiting practices that encourage buyers' agents to favor pricier homes for higher commissions.* All fields displaying broker compensation must be removed from MLS databases.* It eliminates the requirement for agents to subscribe to MLS to offer or accept compensation.* The settlement may lead agents to reconsider their association membership due to severed links between agent compensation and MLS access.It goes without saying, I love all my real estate friends and none of these systems were their fault. I think that this recent settlement will end up being better for realtors and consumers in the long run. But it might be a bumpy ride for a bit. Get full access to Year Of The Opposite - Travis Stoliker's Substack at www.yearoftheopposite.com/subscribe

Assumable Mortgages 101 with Michael Lorino - Summary Michael Lorino is the founder and CEO of AssumeList, a site where you can see Assumable Mortgages. A military veteran with over 15 years of real estate experience, Michael recognized the coming affordability crisis with rising interest rates and wondered how homebuyers could more easily find homes for sale with assumable loans. As he researched, he realized that no search tool existed, so he created AssumeList with the goal of making homes with assumable loans more accessible. Michael lives with his family in Alexandria, VA and enjoys spending time with his wife of 17 years and two young children. Meeting Notes Veteran's Real Estate Journey and Challenges Michael Lorino, a recently retired military veteran and real estate agent with over 15 years of experience, shared his journey into the real estate business and his passion for helping families buy and sell homes. He explained that he and his wife divide their work roles, with Michael Lorino focusing on buyer transactions and his wife handling listings. They also discussed the challenges of managing their business and family life, especially during the busy spring market. Michael Lorino shared that their children sometimes accompany them to clients and participate in home showings, and that his mother helps with childcare when needed. Michael Lorino also highlighted the impact of rising interest rates on the mortgage industry, noting that current rates are around 6.5% to 7%, a significant increase from a few years ago. Assumable Mortgages: Benefits and Legality Michael Lorino and Laura discussed the concept of assumable mortgages, where a buyer can take over a seller's existing mortgage terms, including the interest rate. Michael Lorino explained this could be beneficial for buyers, as they could avoid taking out a new mortgage and save money on closing costs as they wouldn't need an appraisal or a new lender's title insurance policy. Laura highlighted that this could be especially useful for those buying homes with low, assumable mortgages. Michael Lorino confirmed that such mortgages are legal and are typically government-guaranteed. He further clarified that VA, FHA, and USDA loans are all assumable. Assumable Mortgages: Benefits and Challenges Michael Lorino discussed the potential benefits of assuming a mortgage on a new home, using a specific example of a military couple who were able to save significantly by assuming a loan with a lower interest rate. Michael Lorino emphasized that while this option can be beneficial, it may not be suitable for everyone. Laura expressed interest in how to find properties with assumable loans and whether she needed to be a VA veteran to qualify. Michael Lorino explained that only a small percentage of homes for sale have assumable mortgages, and they are typically government-backed loans. He also introduced a new search platform to help potential buyers find these types of properties. Mortgage Down Payment Requirements Discussed Michael Lorino explained the down payment requirements for mortgages, noting that it varies from property to property based on the current loan balances and the sales price. He illustrated this with an example of a $500,000 home where the existing owner's loan balance was $400,000, requiring a down payment of $100,000. However, he also highlighted that the length of time the previous owner had owned the property and the initial down payment they made could affect the feasibility of assuming the mortgage. Laura agreed, emphasizing the need to pay attention to the loan balance and sales price. Michael Lorino further explained that while some lenders offer a second mortgage option to cover the difference, it's not very common and buyers typically need to come up with at least 5% of the sales price as a down payment. Assumable Mortgages: Awareness and Challenges Laura and Michael Lorino discussed the lack of awareness about assumable mortgages, a financing option that allows buyers to take over the existing mortgage of a home they wish to purchase. Michael Lorino explained that while assumable mortgages are gaining traction, particularly in areas with high concentrations of military personnel, they are not yet widely known or advertised. He also pointed out that existing lenders, who profit from issuing new loans, are not incentivized to support assumable mortgages. Laura expressed a desire to learn more about Michael Lorino's platform and how it operates. Assumable Loans in Real Estate Transactions Michael Lorino and Laura discussed the process and potential advantages of assumable loans in real estate transactions. Michael Lorino explained that although assumable loans can take longer to process, the VA has issued new guidance directing lenders to process them within 45 days. He suggested that buyers could offer the savings from an assumable loan as an incentive to sellers, potentially making their offer more attractive. Laura clarified that the $25,000 offered as an incentive is added to the purchase price and is not required as additional cash. They also discussed the advantage of not needing an appraisal and the potential for long-term savings on interest rates. AssumeList.com: Homebuyer Search Platform for Assumable Mortgages Michael Lorino discussed the creation of his search platform, AssumeList.com, aimed at helping homebuyers find properties with assumable mortgages. The platform allows users to search based on various criteria and provides detailed information about the properties. Michael Lorino also mentioned a new feature that shows the down payment requirement. Laura inquired about the data source, and Michael Lorino explained that they have a direct connection into the Multiple Listing Service (MLS) and also use public record data. Michael Lorino also clarified that there is a nominal subscription fee for using the platform. Michael Lorino emphasized the importance of user feedback in shaping the product and mentioned that recent updates were based on user suggestions. Home Buying Resources Navigating the world of home buying can be overwhelming, especially for first-time buyers. That's why we've compiled a list of valuable resources to guide you through the process seamlessly. ➡️ Referrals:

Welcome to the Inside The Wolf's Den Podcast with your hosts, Shawn and Joni Wolfswinkel! Today's episode discusses the recent seismic shifts in the real estate industry following the National Association of Realtors National Association of Realtors' (NAR) groundbreaking $418 million settlement of antitrust lawsuits. The settlement introduces two pivotal changes that are set to reshape how real estate transactions are conducted nationwide. Firstly, listing brokers are now prohibited from advertising compensation on the Multiple Listing Service (MLS), while commission arrangements between buyers, sellers, and agents must be independently negotiated, excluding fees from the listing price. Moreover, MLS participants, typically real estate agents, are mandated to establish written representation agreements with buyers, delineating the buyer's payment to the agent before home viewings, with the seller's coverage varying by transaction. The NAR settlement is poised to usher in a new era of heightened competition and market diversification within the real estate landscape. By fostering fair access to listings and curbing anti-competitive practices, the industry is expected to witness a more level playing field, enabling smaller brokers and agents to compete more effectively against larger firms. As a result, we anticipate a broadening spectrum of players in the real estate market catering to diverse consumer needs, ultimately reshaping and revitalizing the industry for the benefit of all stakeholders. Tune in to stay abreast of the latest developments and insights in the evolving real estate terrain with Shawn and Joni Wolfswinkel! YouTube Link: https://youtu.be/vnCoQG55OFk

Join us as we explore the latest developments in the real estate industry. In this episode, we delve into the recent changes by the National Association of Realtors (NAR), which have removed the requirement of listing commission percentages on the Multiple Listing Service (MLS). Tune in as we engage in a thought-provoking conversation about the potential positive and negative impacts of this significant shift. We'll discuss how these changes may affect real estate agents, buyers, and sellers, as well as the broader implications for market transparency and fairness. Don't miss out on this insightful discussion on Pocket Watch Podcast, where we uncover the trends shaping the world of real estate and beyond. IF YOU ENJOY THIS PODCAST PLEASE CONSIDER SUPPORTING HERE: ⁠⁠⁠⁠⁠https://podcasters.spotify.com/pod/sh...⁠⁠⁠⁠ DUBBY ENERGY DRINKS! ⁠⁠⁠⁠https://www.dubby.gg/discount/POCKET10⁠⁠⁠⁠ PROMO CODE (10% OFF): POCKET10 #pocketwatchpodcast #nar #realtors #realestatecommissionchanges --- Send in a voice message: https://podcasters.spotify.com/pod/show/pocketwatchpodcast/message Support this podcast: https://podcasters.spotify.com/pod/show/pocketwatchpodcast/support

Many options to use for your online property search needs. The Multiple Listing Service (MLS) is the best due to keeping the listings status update online the best. Zillow for example may not have the status of the listing up to date for example. And for my top way of tracking a search for people I like our contact management system website because it helps me to know what our clients are most interested in.

What if we told you that a high-stakes trial in the real estate and technology industry is about to unfold, with potential implications for consumers and the future of the housing market? Today, Rob and Greg are joined by Ed Zorn, Vice President and General Counsel at CRMLS, and they dive into the details of the ongoing Burnett v. NAR trial, exploring the various legal aspects and arguments that could lead to a major disruption for home sales.   Join us as we discuss the application of the "per se" standard, the challenges faced by the Burnett, and the pivotal role of the Multiple Listing Service (MLS) in this episode of our podcast. Don't miss this heated discussion as Rob and Greg once again do their best to save the real estate industry. Listen to the Industry Relations Podcast, available on all podcast platforms! Listen to the podcast on Apple Follow this link to subscribe to Industry Relations YouTube page Listen to the podcast on Apple Listen to the podcast on Spotify Connect with Rob and Greg:  Rob's Website Greg's Website Our Sponsors:  Notorious VIP This podcast is produced by Two Brothers Creative 2023.

Are buyer agents going away? Some think so, and some not. In this episode, we navigate the intricate maze of the antitrust lawsuits filed against the National Association of Realtors. In this journey, we promise you'll come away with a comprehensive understanding of the complexities of these lawsuits and their potential ripple effects on the real estate industry. Part of our discussion will reveal the controversies surrounding the buyer's agent commission and its lack of disclosure to sellers, all within the context of the Sherman Antitrust Act.As the plot thickens, we'll ponder the emerging trend of buyers taking the home search into their own hands. Could this signal a significant shift in commissions from the seller's agent to the buyer's agent, or even the phasing out of the buyer's agent entirely? We'll dissect the necessary changes this would impose on the Multiple Listing Service (MLS), and how this could shake up the market. Pulling the curtain back further, we'll debate the merits and drawbacks of employing an attorney who charges a flat fee. So, ready to unlock the mysteries of these landmark lawsuits and their potential implications for the home inspection estate industry? Then listen in!Check out our home inspection app at www.inspectortoolbelt.comNeed a home inspection website? See samples of our website at www.inspectortoolbelt.com/home-inspection-websites*The views and opinions expressed in this podcast, and the guests on it, do not necessarily reflect the views and opinions of Inspector Toolbelt and its associates.

Matterport Announces the Next Generation of AI-Powered Real Estate Insights, Now in Beta Matterport launches beta program for automated room measurements, layouts, and reporting to drastically reduce manual efforts - empowering customers with actionable property insights SUNNYVALE, Calif., Sept. 26, 2023 (GLOBE NEWSWIRE) -- Matterport, Inc. (Nasdaq: MTTR) introduces the next generation of intelligent digital twins with powerful new capabilities fueled by the company's rapid advancements in AI and data science. Now in beta, customers can access automated measurements, layouts, editing, and reporting capabilities generated from their digital twins. Automation marks a significant breakthrough, saving customers time by eliminating the need for manual measurements and reporting by automatically processing the millions of 3D data points captured with a Matterport digital twin. Accurate room-by-room measurements are one of the most common and time-consuming requests from buyers to understand whether a property suits their needs. Now, customers can automatically generate 2D and 3D layouts that identify and label the details of a property including walls, the type of room, length and width, and total square footage. These details allow a buyer to quickly assess a property, while enabling property marketers to accelerate home listings and sales with instant at-a-glance property overviews and Multiple Listing Service (MLS) data. New customization capabilities allow property managers to edit layouts to optimize the functionality of a space or surface details that guide the development, renovation or remodeling of interior and exterior spaces. “I'm excited to see the progression of our digital twins helping customers put AI and automation to practical use for their properties,” said RJ PIttman, Chairman and CEO of Matterport. “Instant access to room dimensions, total square footage by room, floor, and the entire space, builds upon one of our most popular features - Measurement Mode. With our new intelligent digital twins, our customers get hundreds of useful measurements, room names, print-ready layouts and more - automatically. With these new ‘power tools' we're driving customer productivity through the roof!” Matterport's new AI-powered capabilities are made possible through the company's technical leadership in spatial data, computer vision, and deep learning. Cortex, the company's AI-engine, brings it all together to create thousands of digital twins every day, trained with Matterport's massive spatial data library. At more than 33 billion square feet of spaces in the real world digitized, Cortex will continue to learn, grow, and define the future of the digital twin for years to come. --- Matterport media release continues in the We Get Around Network Forum (www.WGANForum.com): https://www.wegetaroundnetwork.com/topic/19098/page/1/matterport-next-generation-of-ai-powered-real-estate-insights-in-beta/  

When you list a property on the Multiple Listing Service (MLS) with your real estate broker for sale, you're essentially opening the door to a wider pool of potential buyers, as the MLS is a centralized platform used by real estate professionals to share property information. While your agent will diligently work to market and sell your property, you typically still have to pay them a commission upon a successful sale.So, the question is... Is it possible to work with your broker? Well, spoiler alert: YES! In this podcast episode, Todd will be teaching you how to reduce the middleman's fee by teaming up with your broker and making that dream work!----------Show notes:(1:14) Beginning of today's episode.(3:10) What happens when you list a property on the MLS with your broker to sell it? Do you still have to pay your agent?(3:55) If you're not marketing your properties on the MLS, you're doing yourself a big disservice.(5:49) A broker is a partner in your business. It's their job to get you more money.(7:51) Always look for win-win solutions by collaborating.(9:38) Be direct with your brokers.----------Resources:MLSContact Todd at: (619) 494-1691To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the TribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

Cyberattack Shows How Dependent Residential Real Estate Market Is On The MLS Database In this episode of the "Miami Reporters Roundtable Podcast With Peter Zalewski of Condo Vultures®," a panel of four former journalists discuss the impact of hackers locking down the Multiple Listing Service (MLS) in some U.S. markets. The discussion is based on this story from HousingWire.com: "Real Estate Agents Grapple With Cyberattack" Here's a link: 'https://www.housingwire.com/articles/real-estate-agents-grapple-with-cyberattack-on-rapattoni/ This week's panel is comprised of Zalewski along with former business reporters John Fakler, Jean Gruss of Gruss Communications and residential bureau chief Katherine Kallergis of The Real Deal. This program features current and former journalists discussing the biggest stories from the previous week. The objective of this program is to cut through the fluff and hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the key points impacting decision making. The 'Miami Reporters Roundtable Podcasts With Peter Zalewski' can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVulturesTV. Check out the new line of merchandise from the Miami Reporters Roundtable Podcast at: https://condovultures.creator-spring.com. Please send all questions and comments to @MiamiRRP on X (formerly Twitter), Instagram and TikTok. To ask a question or make a comment, please reach us at inquiry@condovultures.com or 305.865.5859 --- Send in a voice message: https://podcasters.spotify.com/pod/show/condovultures/message

Want to buy properties at 70% below market value?Join me and real estate investor, Omar Alfaro, as we reveal the secrets to mastering off-market real estate and finding motivated sellers.SUBSCRIBE for more amazing real estate content every week: https://www.youtube.com/@joseluizmoralesDiscover how to leverage platforms like the Multiple Listing Service (MLS) and Zillow to find properties priced $50,000 lower than the market. Learn effective strategies like targeting absentee owners and other lists to find motivated sellers.Building relationships is key when finding off-market properties. Having close connections to wholesalers and real estate agents is crucial to securing good deals. We discuss leveraging important lists in your marketing strategy and where you should be advertising. Tactics such as cold calling, PPC, and bandit signs are proven to find motivated sellers and off-market properties!Connect with Omar on Instagram: @investwithomar

Why Aren't Corporate-Owned Apartments Listed In The Multiple Listing Service (MLS) Database? Miami condo expert Peter Zalewski of Condo Vultures explains the basics necessary for understanding the Miami real estate market. The objective of this program is to cut through the hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the market. Zalewski is a former financial journalist, Wall Street consultant, expert witness and Florida real estate broker. Be sure to check out his analysis at peterzalewski.substack.com Zalewski is also the host of the "Miami Real Estate Investing Podcast With Peter Zalewski" that was launched in 2020. The podcast features a variety of programs, including the Miami Reporters Roundtable, the Condo Market Analysis and the Miami Real Estate Players Profile. The podcasts can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVultures. To ask a question or make a comment, please reach us at inquiry@condovultures.com or 305.865.5859 #miamicondos #southbeach #brickell #greaterdowntownmiami #condoboom #condocrash #distressed #foreclosure #mls #realtorcommission #corporatelandlord #reit --- Send in a voice message: https://podcasters.spotify.com/pod/show/condovultures/message

What Is The Multiple Listing Service (MLS)? Miami condo expert Peter Zalewski of Condo Vultures explains the basics necessary for understanding the Miami real estate market. The objective of this program is to cut through the hyperbole of South Florida real estate marketing, in hopes, of assisting the audience to better understand the market. Zalewski is a former financial journalist, Wall Street consultant, expert witness and Florida real estate broker. Be sure to check out his analysis at peterzalewski.substack.com Zalewski is also the host of the "Miami Real Estate Investing Podcast With Peter Zalewski" that was launched in 2020. The podcast features a variety of programs, including the Miami Reporters Roundtable, the Condo Market Analysis and the Miami Real Estate Players Profile. The podcasts can be viewed or heard wherever you get your podcasts. Alternatively, this podcast is available on the YouTube.com channel: CondoVultures. To ask a question or make a comment, please reach us at inquiry@condovultures.com or 305.865.5859 --- Send in a voice message: https://podcasters.spotify.com/pod/show/condovultures/message

This is a scenario where a seller has expressed concern that their listing agent is not being aggressive enough in selling their home. The home is actively listed on the Multiple Listing Service (MLS) and there is a residential listing agreement in place.The property is currently listed on the Multiple Listing Service (MLS).There is a residential listing agreement in place.The intention is to reassure the seller that their home is likely to sell and that the agent is putting in all the necessary effort to ensure its sale.--Join us on this exciting journey through the world of Real Estate Scripts. We're all about embracing the learning process and growing together. If you've enjoyed our podcast, consider leaving a five-star review to support us in reaching even more listeners. Interested in practicing with us and being part of the show? Explore a 30-day free trial at realestatescriptspractice.com and become a contributor to our community. Thanks for being a part of this fantastic journey!Real Estate Education with The CE Shop The CE Shop offers online real estate licensing and continuing education for real estate agents.Disclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showJoin Us Online Website: https://realestatescriptspractice.com/ Join Free on Slack: https://realestatescriptspractice.com/slack Facebook: https://www.facebook.com/groups/realestatescriptspodcast/ Apple: https://realestatescriptspractice.com/apple-podcast Spotify: https://realestatescriptspractice.com/spotify Licensing and Continued Education The CE Shop: https://realestatescriptspractice.com/ceshop ------------This podcast is for the purpose of education only and it does not make any guarantees. We suggest you seek the help and/or advise from your broker, coach, mentor, office manager, attorney and/or financial advisor. Brought to you by Darren Tunstall, a licensed real estate agent , DRE #01853445. This podcast is independent of Darrens affiliation with Keller Williams Realty and any REALTOR® associations. The goal is to provide you with valuable information, insights and practical tools.Music by ...

Yes, that's correct. Listing a property in the Multiple Listing Service (MLS) can be a game-changer!Listing a property in the MLS is a powerful tool for real estate investors and property owners. It allows the property to be seen by a vast audience of potential buyers and investors who have access to the MLS. Increased visibility and exposure can make the property more likely to sell quickly and at a better price.But wait...Before you rush to list your property, it's important to take the time to prepare. By following these "seven steps," you can ensure you get the most out of your MLS listing.----------Show notes:(1:00) Reasons for Listing Your Properties on the MLS(2:05) Marketing as the Lifeblood of Your Real Estate Business(3:43) Retail Buyers vs. Cash Buyers(4:09) Guide to Connecting Buyers and Sellers after Signing the Original Purchase Agreement(8:44) Avoiding Bad Decisions and Maximizing Profits in Real Estate(8:55) The Advantages of Listing Properties on the MLS(13:04) The Importance of Professional Inspections for Every Property----------Resources:MLSWant to learn more? Check out our TTP training program.To speak with Brent or one of our other expert coaches call (281) 835-4201 or schedule your free discovery call here to learn about our mentorship programs and become part of the tribeGo to Wholesalingincgroup.com to become part of one of the fastest growing Facebook communities in the Wholesaling space. Get all of your burning Wholesaling questions answered, gain access to JV partnerships, and connect with other "success minded" Rhinos in the community.It's 100% free to join. The opportunities in this community are endless, what are you waiting for?

If you're not flipping properties (virtually or in your own backyard) successfully off the Multiple Listing Service (MLS), it's probably because you're missing two specific things: 1. A good working relationship working with a real estate agent, and 2. A good understanding of adjusting your strategy in a different type of housing market we're all experiencing... and will be in for at least the remainder of 2023. Stay tuned and hear some secrets from Matt. Are you ready? Let's go! Learn more about your ad choices. Visit megaphone.fm/adchoices

Nate Hedrick, The Real Estate RPh, and co-host of the YFP Real Estate Investing Podcast, discusses evaluating online home listings, why open houses exist, how real estate agents get paid, and how the home buying concierge service he developed can help first-time homebuyers.  Key Points From This Episode The resources that prospective buyers can use to search for homes. Nate gives us an outline of the Multiple Listing Service (MLS). What to look out for when viewing listings. Being able to react quickly to the market to secure a purchase. Steps to take when viewing a property listing. The purpose of signing in when viewing a house What to do when asked about an agent. Advice on what to do when making an offer. Rules and regulations regarding listing and buying agents. The benefits of using a real estate agent when home buying. A brief rundown of the YFP Real Estate Concierge Service. Some of the challenges that first-time homebuyers are experiencing.  The best time to start the home buying process. Links Mentioned in Today's Episode Real Estate RPh YFP Real Estate Investing Podcast YFP Real Estate Concierge Service Multiple Listing Service (MLS) Redfin Zillow Realtor.com YFP Planning: Financial Planning for Pharmacists Schedule a free Discovery Call with YFP Planning Three Strategies for Buying a House with Student Loans YFP 160: Navigating the Home Buying Process Through the YFP Concierge Service YFP 064: 6 Steps to Home Buying (Part 1) YFP 065: 6 Steps to Home Buying (Part 2) YFP Real Estate Investing Find an Investor-Friendly Agent Book Your Jump Start Planning Meeting Your Financial Pharmacist Disclaimer and Disclosures

The National Association of Realtors® (NAR) is a trade organization created to support the interests of real estate professionals. This report is crucial for those planning to invest in real estate. The NAR report is based on Multiple Listing Service (MLS) data and covers all three housing types:  single-family, condominiums and co-ops.  Listen to this episode hosted by Blaine Rada as he shares the changes in NAR statistics between 1981 and 2021. Some of the highlights in this episode are marital status and homebuying behaviors, first-time homebuyers and the obstacles they face, and how technology has affected home search and buying behaviors. Tune in! During this episode, you will learn about: [01:40] The National Association of Realtors Report. [01:58] What this report is about, and who is the target audience. [03:08] Statistics of marital status and homebuying behaviors. [05:30] Here's a business opportunity for Realtors: the “single women” niche. [08:13] Statistics on first-time homebuyers.  [10:20] Find a way of helping with down payments, and you'll be in business. [12:33] Statistics on the internet searching for homes. [13:52] Why building Realtor relationships is key. [16:46] Reasons why people buy or sell their homes. [18:28] Key takeaways from this episode. [19:55] Episode wrap-up and calls to action. Notable Quotes: ● Understanding data puts you in a better place to spot opportunities.  ● Understanding demographics positions you for success. ● Accumulating a down payment is the biggest obstacle for first-time homebuyers.  Let's Connect! ArchMI Podcast  Website: https://insights.archmi.com LinkedIn: https://www.linkedin.com/company/arch-u-s-mortgage-insurance/ Instagram:  https://www.instagram.com/archmi_us/ Facebook: https://www.facebook.com/ArchMortgageInsurance Twitter: https://twitter.com/archmi_us/

Moving to Winnipeg What does the real estate market look like in Winnipeg Manitoba. Multiple Listing Service® (MLS®) sales cool off in January WINNIPEG – MLS® sales of 690 in January 2022 fell back 25% from last month and decreased 26% from January 2021. Though based on the 5-year average for the coldest and slowest selling month of the year, January 2022 was only down 3% over the 5-year average as last year was exceptional in generating significantly more sales than what you normally see transpire at the beginning of the year. A major impediment to realizing more sales in January was the limited supply of listing inventory. While not a new development in 2022, it was more pronounced with MLS® listings from 2021 down 26% from 2020 heading into this year. Where the lack of listing inventory was most impactful was on single-family homes with only 635 listings available at the end of December 2021 compared to 925 in December 2020 and 1,884 in December 2019. Not helping the situation in January was the fact that new single-family listings entered on the market decreased 31% from 2021.​ If you have any real estate questions feel free to ask us. We are here to help you. If you like our videos please subscribe to our You Tube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter. Stephen Olyniuk Alicia Olyniuk Team Olyniuk Re/Max Performance Realty stephen@teamolyniuk.com alicia@teamolyniuk.com Stephen direct (204)981-2009 Alicia direct (204)392-4262 www.teamolyniuk.com If you like our videos please subscribe to our YouTube channel or like us on Facebook, follow us on Instagram, LinkedIn or Twitter. Website - https://www.teamolyniuk.com/ Facebook - https://www.facebook.com/teamolyniuk/ Instagram - https://www.instagram.com/team_olyniuk_remaxperformance/?hl=en Twitter - https://twitter.com/teamolyniuk?lang=en Podcast - https://teamolyniuk.podbean.com/ LinkedIn - https://www.linkedin.com/in/stephen-olyniuk-03806b48/?originalSubdomain=ca YouTube -https://www.youtube.com/channel/UCgbViD9THsgJ9A9OTukygZQ #bestrealtorwinnipeg #bestrealtorsteinbach #whatsmyhomeworth #Howstherealestatemarket #howtosellmyhouse #sellingmyhome #howtosellmyhome

How to use the Multiple Listing Service MLS in Your Land Business (LA 1535) Transcript: Steven Butala: Steve and Jill here. Jill DeWitt: Hello. Steven Butala: Welcome to the Land Academy show entertaining land investment talk. I'm Steven Jack Butala. Jill DeWitt: And I'm Jill DeWitt broadcasting from sweet, sunny southern California. Steven Butala: Today, Jill and I talk about how to use the multiple listing service or the MLS in your land business. Jill DeWitt: I'm going to talk about three things by the way. I want to talk about when you use it before you're buying and then pricing property. I'm going to talk about due diligence and I'm going to talk about selling. So I'm going to give you all three different reasons, so get a pen. Just kidding. Steven Butala: I'm going to get comfortable because I want to learn some stuff here too. But when I'm done, I'm going to talk about how I use it to choose counties and stuff and- Jill DeWitt: Well, you're going to be first and then I'll do the second. Steven Butala: I was going to go last because yours is more important. Jill DeWitt: Well, then the phase one is... I was going to go in order. We can figure it out. Steven Butala: Well, do whatever you want. Jill DeWitt: We'll wing it. Steven Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And if you're already a member of Land Academy, please join us on Discord. Jill DeWitt: Travis wrote, "I'm nervous about this deal for some reason. I could sure use a set of experience eyes please. Would you do this deal," and he puts it in here and gives some notes. So I really liked the price of this one compared to the others and comps overlooking this river, the Arkansas river. It's hilly and it's not far from railroad. Thank you in advance. So it's [inaudible 00:01:29] County Arkansas. It's a little over six acres. It has access. The purchase price he's got locked in is 33,000 to $800 and thinks he could sell it for between 70 and 80,000. So easy doubling his money. It's got a paved road, not in the flood plain. It does have an HOA and there's electricity in the area. And the potential problems are this. He's like it's hilly, but he sees other people have solved it and they built there. So you want to go on this? Steven Butala: Yes. So this is what we call, "Would you do this deal?" It's very prevalent on Discord and a little bit on Land Investors, but not too much, but I want people who are not members or maybe just casual listeners to see what happens constantly in this group and see the value in it. And so probably 10 people responded to this, looked it up and responded and said yes and in this case, everybody loved it, including the moderator, Kevin, including me. I loved it at 30 and I love Arkansas acreage in general. But he's concerned. This person's concerned. And all of us said... It's one of their first transactions, so we really said, "Look, if you need some help with that, let me know," including me. It's a great deal actually. Jill DeWitt: Good. Yeah. I was going to say too, that that's part of the value of this group is that majority of what we're doing is sending mail and offers to cities in places and counties we're not in. And I think I know what's going and the numbers tell me what's going on, but man, having someone that's there and really knows is so beneficial. So having a group like this where you can throw something out there, there's probably someone who says, "Oh, I'm two counties over. I know exactly what's going on in this area. Buy it," because that happens often. Steven Butala: I mean, I know that we've done tens of thousands of deals, Jill and I and I can tell you by looking at this that... and I wasn't alone. Like if I was just the only one who said, "Oh yeah, that's a pretty good deal. I think you should take it to the next level or buy it and I'll pay for it if you want," and everybody else said,

How to use the Multiple Listing Service MLS in Your Land Business (LA 1535) Transcript: Steven Butala: Steve and Jill here. Jill DeWitt: Hello. Steven Butala: Welcome to the Land Academy show entertaining land investment talk. I'm Steven Jack Butala. Jill DeWitt: And I'm Jill DeWitt broadcasting from sweet, sunny southern California. Steven Butala: Today, Jill and I talk about how to use the multiple listing service or the MLS in your land business. Jill DeWitt: I'm going to talk about three things by the way. I want to talk about when you use it before you're buying and then pricing property. I'm going to talk about due diligence and I'm going to talk about selling. So I'm going to give you all three different reasons, so get a pen. Just kidding. Steven Butala: I'm going to get comfortable because I want to learn some stuff here too. But when I'm done, I'm going to talk about how I use it to choose counties and stuff and- Jill DeWitt: Well, you're going to be first and then I'll do the second. Steven Butala: I was going to go last because yours is more important. Jill DeWitt: Well, then the phase one is... I was going to go in order. We can figure it out. Steven Butala: Well, do whatever you want. Jill DeWitt: We'll wing it. Steven Butala: Before we get into it, let's take a question posted by one of our members on the landinvestors.com online community. It's free. And if you're already a member of Land Academy, please join us on Discord. Jill DeWitt: Travis wrote, "I'm nervous about this deal for some reason. I could sure use a set of experience eyes please. Would you do this deal," and he puts it in here and gives some notes. So I really liked the price of this one compared to the others and comps overlooking this river, the Arkansas river. It's hilly and it's not far from railroad. Thank you in advance. So it's [inaudible 00:01:29] County Arkansas. It's a little over six acres. It has access. The purchase price he's got locked in is 33,000 to $800 and thinks he could sell it for between 70 and 80,000. So easy doubling his money. It's got a paved road, not in the flood plain. It does have an HOA and there's electricity in the area. And the potential problems are this. He's like it's hilly, but he sees other people have solved it and they built there. So you want to go on this? Steven Butala: Yes. So this is what we call, "Would you do this deal?" It's very prevalent on Discord and a little bit on Land Investors, but not too much, but I want people who are not members or maybe just casual listeners to see what happens constantly in this group and see the value in it. And so probably 10 people responded to this, looked it up and responded and said yes and in this case, everybody loved it, including the moderator, Kevin, including me. I loved it at 30 and I love Arkansas acreage in general. But he's concerned. This person's concerned. And all of us said... It's one of their first transactions, so we really said, "Look, if you need some help with that, let me know," including me. It's a great deal actually. Jill DeWitt: Good. Yeah. I was going to say too, that that's part of the value of this group is that majority of what we're doing is sending mail and offers to cities in places and counties we're not in. And I think I know what's going and the numbers tell me what's going on, but man, having someone that's there and really knows is so beneficial. So having a group like this where you can throw something out there, there's probably someone who says, "Oh, I'm two counties over. I know exactly what's going on in this area. Buy it," because that happens often. Steven Butala: I mean, I know that we've done tens of thousands of deals, Jill and I and I can tell you by looking at this that... and I wasn't alone. Like if I was just the only one who said, "Oh yeah, that's a pretty good deal. I think you should take it to the next level or buy it and I'll pay for it if you want," and everybody else said,

Kathy Helbig on Multiple Listing Service (MLS) no longer allowing the preview status as of June 15. One more important reason to call 314-276-SOLD (7653) and/or visit their site: https://experience-re.com/

Ashley McKella is MD Agent Hub: a revolutionary CRM for the Estate & Letting Agency industry. Agent Hub helps Estate & Letting Agents in the property sector organise their work, connect with other professionals, reach a wider audience, and close more deals, Agent Hub is already changing the way the property sector operates. Agent Hub is the only CRM system with a Multiple Listing Service (MLS), working alongside Salesforce dedicated to making waves in the UK property industry. As a fully cloud-based service, you can access the system from any computer, mobile, or tablet. This makes it perfect for in-office and field-working teams who can share information in real time. Tailor this service to your individual needs with over 1,800 apps available when you join the Agent Hub community. Anyone in property connect, collaborate and work together online and on the move. You get all the benefits of a cloud-based CRM, network of property professional contacts alongside the functionality of an MLS that enables you to manage contacts and content all in one place. Whether you’re a field-based rep or an office-based agent, you can all log into the same system and instantly access and share the information you need to generate leads and close deals. Feel free to contact Ashley on Ashley@agenthubltd.com for more information. NO MONIES OR CONSIDERATION WERE GIVEN BY ASHLEY OR AGENTHUB FOR THE INTERVIEW

Ashley McKella is MD Agent Hub: a revolutionary CRM for the Estate & Letting Agency industry. Agent Hub helps Estate & Letting Agents in the property sector organise their work, connect with other professionals, reach a wider audience, and close more deals, Agent Hub is already changing the way the property sector operates. Agent Hub is the only CRM system with a Multiple Listing Service (MLS), working alongside Salesforce dedicated to making waves in the UK property industry. As a fully cloud-based service, you can access the system from any computer, mobile, or tablet. This makes it perfect for in-office and field-working teams who can share information in real time. Tailor this service to your individual needs with over 1,800 apps available when you join the Agent Hub community. Anyone in property connect, collaborate and work together online and on the move. You get all the benefits of a cloud-based CRM, network of property professional contacts alongside the functionality of an MLS that enables you to manage contacts and content all in one place. Whether you’re a field-based rep or an office-based agent, you can all log into the same system and instantly access and share the information you need to generate leads and close deals. Feel free to contact Ashley on Ashley@agenthubltd.com for more information. NO MONIES OR CONSIDERATION WERE GIVEN BY ASHLEY OR AGENTHUB FOR THE INTERVIEW

Ashley McKella is MD Agent Hub: a revolutionary CRM for the Estate & Letting Agency industry. Agent Hub helps Estate & Letting Agents in the property sector organise their work, connect with other professionals, reach a wider audience, and close more deals, Agent Hub is already changing the way the property sector operates. Agent Hub is the only CRM system with a Multiple Listing Service (MLS), working alongside Salesforce dedicated to making waves in the UK property industry. As a fully cloud-based service, you can access the system from any computer, mobile, or tablet. This makes it perfect for in-office and field-working teams who can share information in real time. Tailor this service to your individual needs with over 1,800 apps available when you join the Agent Hub community. Anyone in property connect, collaborate and work together online and on the move. You get all the benefits of a cloud-based CRM, network of property professional contacts alongside the functionality of an MLS that enables you to manage contacts and content all in one place. Whether you’re a field-based rep or an office-based agent, you can all log into the same system and instantly access and share the information you need to generate leads and close deals. Feel free to contact Ashley on Ashley@agenthubltd.com for more information. NO MONIES OR CONSIDERATION WERE GIVEN BY ASHLEY OR AGENTHUB FOR THE INTERVIEW

Ashley McKella is MD Agent Hub: a revolutionary CRM for the Estate & Letting Agency industry. Agent Hub helps Estate & Letting Agents in the property sector organise their work, connect with other professionals, reach a wider audience, and close more deals, Agent Hub is already changing the way the property sector operates. Agent Hub is the only CRM system with a Multiple Listing Service (MLS), working alongside Salesforce dedicated to making waves in the UK property industry. As a fully cloud-based service, you can access the system from any computer, mobile, or tablet. This makes it perfect for in-office and field-working teams who can share information in real time. Tailor this service to your individual needs with over 1,800 apps available when you join the Agent Hub community. Anyone in property connect, collaborate and work together online and on the move. You get all the benefits of a cloud-based CRM, network of property professional contacts alongside the functionality of an MLS that enables you to manage contacts and content all in one place. Whether you’re a field-based rep or an office-based agent, you can all log into the same system and instantly access and share the information you need to generate leads and close deals. Feel free to contact Ashley on Ashley@agenthubltd.com for more information. NO MONIES OR CONSIDERATION WERE GIVEN BY ASHLEY OR AGENTHUB FOR THE INTERVIEW

In this episode of “Russell Realty Minute Podcast,” Evan Russell, owner of the Russell Realty Group, discusses the Multiple Listing Service (MLS) that delivers listing information to all real estate portals. He talks about why it’s important to start with the MLS."MLS is where all the marketing starts." - Evan Russell [02:18]What You Will Learn:[00:01] Intro[00:18] How realtors use MLS[02:17] Why it’s important to use MLS[03:12] Outro Resources:Visit our website: https://www.therussellteam.com/

Finding Off Market Real Estate Deals Can Lead to Untold Riches Real Estate Investing is a transactional business. You have to have a source of deals. Better still is a source of Off Market Real Estate Deals that you can buy, renovate and make a profit. DFD Mastery founder Zack Boothe joins me on this real estate investment podcast to discuss his method of finding investment property. This Episode of The REI Diamonds Show is Sponsored by the Deal Machine. This Software Enables Real Estate Investors to Develop a Reliable & Low Cost Source of Off Market Deals. For a Limited Time, You Get Free Access at http://REIDealMachine.com/ View the Episode Description & Transcript Here: https://reidiamonds.com/how-to-find-off-market-real-estate-deals-with-zack-boothe/ Zack has a history as a long term real estate investor. His primary strategy was to buy rental property and lease to Section 8 tenants. You probably know of investors following this same strategy. He found that over time he didn't really make much money on his portfolio. Tenants caused damage and the yearly property inspections racked up repair bills. Maybe you can relate. Zack made the transition to becoming THE SOURCE of Real Estate Deals in his market-Salt Lake City, Utah. Since he controls the deals, he gets to set the terms and prices of his deals. Some get wholesaled to other investors and he collects a fee. Others route to fix & flip partners who step in, fund the deal, do all the work, then split the deal 50/50. Can you see how this sets you up to become rich? Digging through the Multiple Listing Service MLS is for Real Estate Agents, NOT Investors The old way real estate investors found deals was to dig through the MLS. The MLS is the same system used by real estate agents to find listings for their clients. Now, there are some deals on the MLS-even in this market. However, those deals usually come with serious competition. Serious competition leads to bidding ways. Most real estate investors are averse to paying more for anything-especially real estate deals. So the key to lowering competition on your deals is developing a source of Off Market Deals. Find Off Market Deals in YOUR Market Finding off market deals in your market takes work. You actually have to set up a business with lead generation, marketing expenses and hiring and managing a team. To some, this is a nightmare, or even a diversion. For example, if you're good at rehabbing and have plenty of cash lined up, your time might be better invested in finding solid sources of off market deals-like Zack-and focusing on the business of rehabbing. On the other hand, if you're interested in doing the work and investing the time & money to generate deals, you'll definitely want to listen this show. Zack describes his laser focus approach to building a team and developing the HIGHEST R.O.I mailing list in his market. Imagine having a list of property owners who own the exact types of real estate you'd like to buy. You can do the same in your market using the same software that Zack uses: The REI Deal Machine. Go Here https://dealmachine.app.link/diamonds for a free download to test drive. What Software is Used to Drive an Off Market Deal Business? As mentioned, Zack uses the REI Deal Machine to develop his list and manage his mail. The deal machine will research addresses in public record, skip trace, and even offer push button postcard and letter campaigns. Oh, and the best part, you can actually trace your driving routes and manage your driver team using the Deal Machine. Zack & I Discuss His Source of Off Market Deals • Finding Off Market Deals in Salt Lake City, Utah • Partnering with Flippers for a Large Piece of the Action • Prime U.S. Markets for Wholesaling OR Fix & Flip Deals • How to Get the #1 Highest R.O.I. Mailing List in YOUR Market Relevant Episodes: (There are 178 Content Packed Interviews in Total) • How to Find Motivated Sellers with David Lecko https://reidiamonds.com/how-to-find-motivated-sellers-with-david-lecko/ • Lead Conversion System for Direct to Seller RE Investors with Dan Schwartz https://reidiamonds.com/lead-conversion-system-for-direct-to-seller-re-investors-with-dan-schwartz/ • How to Take HUGE Depreciation using Cost Segregation with Yonah Weiss http://reidiamonds.com/blog/2020/05/30/how-to-take-huge-depreciation-using-cost-segregation-with-yonah-weiss/ • Financing Million Dollar Deals Post COVID with Anton Mattli https://reidiamonds.com/financing-million-dollar-deals-post-covid-with-anton-mattli/ Resources Mentioned in this Episode: http://www.REIDFD.com Check Out the Full Archive of The R.E.I. Diamonds Show: https://REIDiamonds.com/podcast/ For Access to Real Estate Deals You Can Buy & Sell for Profit: https://AccessOffMarketDeals.com/podcast/

Market Proof Marketing · Understanding the MLS with Sam Debord   Sam Debord Sam Debord is the CEO of the Real Estate Standards Organization (RESO) which creates open standards that drive innovation in real estate technology. Specifically, they are the force behind standardizing the Multiple Listing Service (MLS). We spoke with Sam this week to understand what RESO does, why the real estate industry needs it, and how it benefits home builders specifically. Get answers to some of your common MLS questions, including rich media specifications, how to circumvent days on market, and the big data benefits of being an MLS member. Plus… how to prepare for the 2021 Consumer Storm. Story Time (1:35) ‘Tis the season for follow-up. Becca's husband called three maid service companies. One never responded. One responded (aggressively) 7 hours later via text. The winner responded immediately, provided a reasonable price, great front end service, and got everything he needed to make an appointment. Kevin gives tips on preparing for the 2021 Consumer Storm, including: A new concierge position Trust-building content (testimonials, 3rd-party warranties, awards) and shopping content (images, floorpans, interactive floor plans) When things go wrong, how will you react? What are you standard operating procedures? In the News (22:58) BDX is no longer partnering with Realtor.com as of Feb 1st. Plus, new Realtor.com products TikTok is Ad Age Marketer of the Year, and Amazon is Now World's Largest Advertiser: Monday Wake-Up Call (Adage.com) The IKEA Catalog is Dead. Long Live the IKEA Catalog. (printmag.com) CoStar spoiling for a fight with Zillow over listing data in NYC (inman.com) 360 Topic of the Week – Understanding the MLS with Sam Debord (37:56): What is RESO, why do we need it, how does it help real estate agents do their work? The story of the MLS Now that standards are in place, what's the practical application of them (including for home builders)? Rich media and the MLS – what's the latest? Why builders should put their listings in the MLS – the opportunities and challenges How builders can get involved in MLS standards Unshackling MLS data: It's time to accelerate NOW (inman.com) The dibs on Costar Question of the Week (1:26:00) For 2021, how much do you plan to invest with syndication sites as a whole compared to 2020? (Zillow, NewHomeSource, Realtor . com, BuzzBuzzHome, etc?) Everyone who votes will be entered to win a $200 Amazon gift card drawn at random! Submit your answer here. Questions? Comments? Email show@doyouconvert.com or call 404-369-2595 and we'll address them on the next episode. More insights, discussions and opportunities in the Market Proof Marketing Facebook group. Subscribe on iTunes —> https://now.doyouconvert.com/mpm-itunes Follow on Spotify —> https://now.doyouconvert.com/mpm-spotify Subscribe on Google Play —> https://now.doyouconvert.com/mpm-gplay Listen on Stitcher —> https://now.doyouconvert.com/mpm-stitcher  A weekly new home marketing podcast for home builders and developers. Each week Kevin Oakley, Andrew Peek, and others from Do You Convert will break down the headlines, share best-practices and stories from the front line, and perform a deep dive on a relevant marketing topic. We're here to help you – not to sell you! The post Ep 130: Understanding the MLS with Sam Debord appeared first on Online Sales and Marketing for Home Builders - DYC. The post Ep 130: Understanding the MLS with Sam Debord appeared first on Online Sales and Marketing for Home Builders - DYC.

Join us as we discuss the case against, and for, the Multiple Listing Service (MLS) with North Texas Real Estate Information System CEO and friend of the podcast, John Holley. This is a critical issue for all real estate professionals as two lawsuits against NAR enter the discovery phase of litigation, threatening the MLS as we know it.

Illinois REALTORS® who tuned in to the Multiple Listing Service (MLS) Forum Tuesday afternoon heard a panel discussion and two presentations. The following are five takeaways from the forum: The increase in people working from home since the COVID-19 pandemic struck makes it important for Multiple Listing Service organizations to capture data so consumers looking for properties know what can accommodate their lifestyle, such as home offices, home gyms and home classrooms; Consumers are more interested in the best solutions for faster and more reliable internet access to meet their new needs; An increasing number of consumers are more interested in buying homes sight unseen, instead using virtual tours and virtual floor plans; MLS organizations are striving for “interoperability” in electronic services, so that programs like DocuSign and Dotloop can communicate easily with each other, just like gmail and yahoo users can exchange email messages; Members can use data available in their MLSs to assist in making decisions in their marketing and in their overall business strategy. Expert speakers at the forum included: President and CEO of Midwest Real Estate Data (MRED) Rebecca Jensen, CEO of Council of MLS Denee Evans Hofer, RESO CEO Sam DeBord, MRED Chief Technology Officer Chris Haran and NAR Senior Economist and Director of Housing & Commercial Research Scholastica (Gay) Cororaton. Get full transcript.

In today’s episode, I will be going over part 2 of the 3-part series on how to buy a home in Southern California. Last week we talked about creating a budget, so especially if you are a first-time home buyer, if you haven’t seen that yet, I recommend going back to the last episode to check it out before moving onto this one. Today we will be going over: 1) The process of setting up a search and the difference in using redfin, Zillow, etc. vs. getting set up with direct access to the Multiple Listing Service (MLS) 2) Figuring out your must haves 3) How the searching process has changed because of COVID-19 4) How to place a competitive offer in a seller’s market and how your agent and lender can make or break your offers chance of getting accepted 5) Negotiating with the seller to actually get your offer accepted This will hopefully give you a basic outline of what to expect when looking for and then placing offers on homes in today’s competitive market. Come back next Thursday to see the conclusion to the series where we go over the entire escrow process from when you open escrow, all the way through getting the keys to your new home handed to you when escrow closes. Josh Alexander THE brokeredge JoshAlexanderRealEstate@gmail.com 714.366.2186 DRE#:01974435 Follow me on Facebook at: https://www.facebook.com/joshalexanderrealestate/ Follow me on Instagram at: https://www.instagram.com/josh_the_real_estate_dad/ Follow me on LinkedIn at: https://www.linkedin.com/in/joshalexanderrealestate/ LinkTree: https://linktr.ee/joshtherealestatedad

This episode is brought to you by: Kevin and Fred's Referral Guarantee https://kevinandfred.com/referral/   FLEQ   FLEQ is the combination of the words “flexible” and “equity” and we're changing the way you think about homeownership. What is the Fleq Alliance? The Fleq Alliance is a new way to buy a home. The Alliance uses a partnership approach to purchase a home of your choosing.   With the entire Multiple Listing Service (MLS) available to you, search for a house using apps like Zillow, Trulia, Redfin, or call up the real estate agent who’s been encouraging you to buy a home for years. Once you’ve found your dream home, you’ll be teamed up with an Alliance representative. You will receive a quote for your monthly payment, your initial equity contribution to the Alliance, the starting ownership percentage for both parties and the current cost to acquire additional units of equity. When it comes to equity contributions, pay whatever you want, whenever you want—or nothing at all. Though not required, any equity contributions will increase your ownership in the Alliance.     https://www.nar.realtor/blogs/economists-outlook/how-long-do-homeowners-stay-in-their-homes     $19K pre-fab home includes artificial intelligence technology Singapore-based startup Nestron announces the launch of 4 low-cost prefab home models complete with an artificial intelligence assistant, Canny   California reportedly launching its own CFPB On Friday, California Gov. Gavin Newsom will reportedly unveil a plan for the state to enact its own version of the Consumer Financial Protection Bureau, overhauling and increasing the power of the state’s Department of Business Oversight. According to a report from the Los Angeles Times, the proposal to create a state-level CFPB will come in Newsom’s 2020-2021 budget, which Newsom is scheduled to reveal Friday.

Mid-market Miami single-family home sales rose 9.4 percent in December, evidence of strong demand in one of the nation’s most sought-after real estate markets, according the MIAMI Association of Realtors and the Multiple Listing Service (MLS) system. Here to break down the major findings from the report is friend-of-the-pod, Lynda Fernandez, Sr. VP of PR & International for the Miami Association of Realtors.  About Lynda: Lynda Fernandez is senior vice president of public relations and international at the 47,000-member MIAMI Association of Realtors (MIAMI), which includes more than 45,000 members in their Residential Association and 1,700 members in their RealtorsÒ Commercial Alliance.  She has nearly 20 years of experience in public relations and international business development. MIAMI, the largest local Realtor association in the nation, is celebrating 98 years of service to the industry, the public and the community. Ms. Fernandez handles international business development, global media relations and research for MIAMI.  Activity for MIAMI’s International Council includes more than 178 worldwide partner associations; participation in global conferences, expos, and events; and the award-winning Miami International Real Estate Congress and Expo.  About Miami Association of REALTORS: The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 98 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents 47,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with 178 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com About Us: The Miami Real Estate Podcast is made possible by the Cervera Newsroom, a sub-division of the in-house marketing department at the Miami-based brokerage firm Cervera Real Estate. In the Cervera Newsroom, we complement five decades of experience selling Miami real estate with talent and technology for today’s marketplace.  From expertise in traditional and digital media, industry leading creative talent, and South Florida’s largest social media presence to innovative technology resources, our in-house brand marketing platform is designed to ensure that every client and associate we service succeeds in today’s fast-paced, tech-driven, competitive environment. 

Total Miami luxury home sales rose 24.1 percent year-over-year in May as existing condominium sales rose for the second consecutive month, according to a new report by the MIAMI Association of REALTORS® (MIAMI) and the Multiple Listing Service (MLS) system. In this episode, Lynda Fernandez, Sr. VP of Public Relations & International for the Miami Association of REALTORS breaks down the key factors behind the continued upward trend in luxury sales. Click here to read the full May 2018 Market Report.   About Lynda: Lynda Fernandez is senior vice president of public relations and international at the 47,000-member MIAMI Association of Realtors (MIAMI), which includes more than 45,000 members in their Residential Association and 1,700 members in their RealtorsÒ Commercial Alliance.  She has nearly 20 years of experience in public relations and international business development. MIAMI, the largest local Realtor association in the nation, is celebrating 98 years of service to the industry, the public and the community. Ms. Fernandez handles international business development, global media relations and research for MIAMI.  Activity for MIAMI’s International Council includes more than 178 worldwide partner associations; participation in global conferences, expos, and events; and the award-winning Miami International Real Estate Congress and Expo.  About Miami Association of REALTORS: The MIAMI Association of REALTORS® was chartered by the National Association of Realtors in 1920 and is celebrating 98 years of service to Realtors, the buying and selling public, and the communities in South Florida. Comprised of six organizations, the Residential Association, the Realtors Commercial Alliance, the Broward Council, the Jupiter Tequesta Hobe Sound (JTHS-MIAMI) Council, the Young Professionals Network (YPN) Council and the award-winning International Council, it represents 47,000 real estate professionals in all aspects of real estate sales, marketing, and brokerage. It is the largest local Realtor association in the U.S., and has official partnerships with 178 international organizations worldwide. MIAMI’s official website is www.MiamiRealtors.com About Us: The Miami Real Estate Podcast is made possible by the Cervera Newsroom, a sub-divison of the in-house marketing department at the Miami-based brokerage firm Cervera Real Estate. In the Cervera Newsroom, we complement five decades of experience selling Miami real estate with talent and technology for today’s marketplace.  From expertise in traditional and digital media, industry leading creative talent, and South Florida’s largest social media presence to innovative technology resources, our in-house brand marketing platform is designed to ensure that every client and associate we service succeeds in today’s fast-paced, tech-driven, competitive environment.  To learn more about our company or explore a career with Cervera Real Estate, visit www.Cervera.com or email us at MiamiRealEstatePodcast@Cervera.com, we would love to hear from you!

With Amir Allen Alishahi and Chao Cheng-Shortland, Co-owners.ShelterZoom provides a powerful dashboard, a widget and a mobile app enabling buyers and buyer agents to instantly submit offers from any online real estate listing. ShelterZoom’s Offer NOW widget and platform transform the real estate offer process for realtors, buyers, sellers, agents and Multiple Listing Service (MLS) organizations, with unprecedented convenience, interoperability and transparency – for faster deals and better outcomes.

With Amir Allen Alishahi and Chao Cheng-Shortland, Co-owners.ShelterZoom provides a powerful dashboard, a widget and a mobile app enabling buyers and buyer agents to instantly submit offers from any online real estate listing. ShelterZoom’s Offer NOW widget and platform transform the real estate offer process for realtors, buyers, sellers, agents and Multiple Listing Service (MLS) organizations, with unprecedented convenience, interoperability and transparency – for faster deals and better outcomes.

When I first started, I didn't have tons of cash to put down on my first investment properties, and I worked directly with the sellers to purchase their property. That was back in the early 1980's when there were less resources for financing than there are today. Now, even if I had unlimited funds at my disposal, I would still purchase property the exact same way I did, and continue to do to this day.   I don't purchase properties from the Multiple Listing Service (MLS). I purchase from older owners who don't live in the property and own it free-and-clear. But I know that many of you still worry where to get the money for down payments on your investment properties, and that's what we're going to talk about today.   The first thing you have to do in any negotiation to purchase a property is ASK. There's no reason why you shouldn't ask if the seller will take payments for their equity for their property. It doesn't matter if they don't trust you yet, because you're just asking for a chance to show them that you are a person of your word. Open up to them and you'll be surprised how many sellers are willing to work with you.   Another strategy I would use is to postpone the payment. This was especially helpful when the property needed to be renovated. I would ask the sellers for a delay on the payments so I could get the property ready and put tenants in there. In one case, I immediately moved in a handyman who rented the property from me while he fixed the property for me, and in the six months we pushed back the first payment, I was able to collect the down payment money.   If that wasn't possible, I would turn to a “financial friend” to supply the down payment money so I could close on the property. Once the tenant was in the property, I would collect rent and then pay back the financial friend.   Also working with the financial friend, you can pre-pay a certain number of mortgage payments in the beginning. For example, you could pay 24 months all at once and then not owe anything until the 25th month. This will leave you only the payment to your friend during that time. You can give your financial friend a better investment than just letting their money sit in the bank account, and the seller is happy to have some money to start with. Everyone is happy.   You can also put the down payment on the back end of the loan as a few extra payments at the end of the life of the mortgage. Any dollar you can save today is a dollar you can start putting to work somewhere else.   Did you know you can TRADE to pay your down payment? If you have a vehicle, equipment, etc. that can be valuable to the seller, why not use that as a down payment and save your cash? I once had traded a Chevy truck to a brick mason who needed it for his business. I didn't need the truck and I got more than the blue book value off that mortgage. These are just a few creative strategies when you think you can't afford a down payment on a potential investment property. You don't NEED money to MAKE money in this business; that's the beauty of it!   Be sure to head on over to my website, LarryHarbolt.com, for more tips and tricks on how to become a better investor.   Also, please be sure to tell a friend about my podcast and leave a review on the podcast player you're listening to right now. Your reviews tell me what information I can provide that will be valuable to you.

Many sellers considering selling their homes themselves to avoid paying commission to a Realtor. Today I’m here to talk about why that’s not the best idea.Today I’m with my listing partner Amy Moser to discuss some of the dangers of trying to sell your home by owner. Many sellers consider selling their homes themselves to save on the 5% to 6% commission that comes with using a real estate agent. But statistically, homes sell for more money when they’re represented by a Realtor. According to the National Association of Realtors, they sell for 16% more than if they were a For Sale By Owner property. When you list with a Realtor, your home is put on the Multiple Listing Service (MLS) and exposed to thousands of Realtors who are working hard to find suitable properties for their clients. Additionally, most serious buyers are working with a Realtor because it doesn’t cost them anything to do, as the commission is paid by the seller. If you’re trying to sell your home by yourself, you have all of your personal contact information out for anyone to look at. Without an agent, there is no one to screen these individuals before they call and ask to walk through your home. According to Amy, these sort of buyers are usually looking for the best deal, the biggest discount, and won’t qualify for traditional financing, so they’re looking for someone to carry their mortgage, which will be you.Most people are not that brutally honest. When you hire a real estate agent, you have access to all the most current real estate contracts, legal disclosures on your property, representation on what is included and not included, and reduced liability if the deal falls through. By working with a Realtor, you will be able to avoid buyers that prey on sellers who don’t have representation. The last piece that I want to talk about is that selling a home is a lot of work. “There are many parts prior to even getting an offer on your home,” Amy says. Some of these parts include marketing for your home, and then a checklist of items that need to be taken care of that protect you as the seller during the process, like inspections and appraisals. “Very few real estate transactions go through without any hiccups,” Amy says.Another benefit to hiring an agent is they can act as a buffer to receive any feedback on the home after showings. Most people are not that brutally honest and feel uncomfortable telling a seller about things they think the seller should improve on to their face. Having an agent to take in that information and communicate it to the seller can help get the home sold faster and for more money.If you have any additional questions about the benefits of hiring a professional Realtor, or you’re looking to buy or sell a home, give me a call. I’d be happy to help!Also, take a look at our latest 360 degree home tour! You can explore each corner of the listing at Morningwood Way as if you were there in person. Click here to check it out.

Jim Huntzicker has been a real estate investor in Northern Illinois since 2007, and is also a licensed real estate agent (IL) and has been since 2006. He started out as an aggressive new agent helping investors buy and sell their rehab properties and quickly realized he was on the wrong side of that transaction. That is when he decided to become a real estate investor and use all he had learned to be successful himself. These days his primary focus as an investor is residential redevelopment (aka rehabbing) and teaching others about how to use the Multiple Listing Service (MLS). Jim buys, renovates and sells residential properties in Chicago and the suburbs. Since starting in the real estate business he have been involved in over 450 transactions. His real estate investing company is Yellow Star Properties, LLC and they do 10-14 rehabs at any one time. In 2011 Jim started coaching for a national real estate investing education company. He started his own true one-on-one coaching group known now as Real Estate Investor Academy®. Real Estate Investor Academy® is where Jim teaches real estate investors how to take their business to a whole new level. In 2014 he created MLS Domination®. MLS Domination which is an online course that teaches you how to use the Multiple Listing Service (MLS) to get a steady predictable stream of deeply discounted deals (and income) for your real estate investing business. What you’ll learn about in this episode: The MLS Domination system How to use the Multiple Listing Service for a steady stream of discounted deals How many deals Jim will do this year Jim’s background as an agent that made getting into real estate investing easier Why you need to learn one acquisition strategy really well before adding new ones How much Jim typically buys and sells properties for The CRM Jim uses Why you have to be persistent pursuing sales — and learn how to do it without being annoying How much profit Jim aims for every deal How Jim got into private money Jim’s strategy for negotiating called “the dance” Why you should offer the most you can pay — and be very clear about that Why you shouldn’t ever think of your offer as a “low ball” offer The opportunities that are out there when you know your market The importance of never knowing a seller’s motivation Resources: REInvestorSummit.com/dominator REInvestorSummit.com/Capital REInvestorSummit.com/NoteServicing REInvestorSummit.com/401k

Get show notes at http://flippingjunkie.com/47   Jim has been a real estate investor in Northern Illinois since 2007, He is also a licensed real estate agent (IL) and has been since 2005. He started out as an aggressive new agent helping investors buy and sell their rehab properties. Then he quickly realized he was on the wrong side of that transaction and that is when he decided to become a real estate investor myself. These days his primary focus as an investor is residential redevelopment (aka rehabbing).  He primarily works in Chicago and its NW suburbs and had used his local Multiple Listing Service (MLS) to get 75% of his rehab deals over the last 8 years. Since he got into the real estate business he has been involved in over 450 transactions.His company does 8-10 rehabs at any one time. Though Jim is an active investor he spends as much of his time as possible with his 4 year old twins, Liam & Claire, and his awesome wife who stays home with them. He told us "Everything changed when I had kids. Suddenly I looked at everything differently and literally changed almost everything in my life. I got healthy, quit drinking, lost 50lbs and have never looked back. Life is much more enjoyable on this side of your health". Jim’s secret to getting great deals on the MLS starts with planting the right seeds with the real estate agents involved.  Effective communication is absolutely necessary. You have to convince the listing agent so that they will convince the seller that your offer is worth considering and ultimately worth accepting. Jim has bought tons of houses where his offer wasn’t the highest but he convinced the agents that his was the best offer.  To make his offers more appealing he does the following: 1. Waives the inspection 2. Informs the agent that other investors and potential buyers include inspections because they will likely renegotiate after the inspection. 3. If not a bank-owned property, he tells the listing agent to inform the seller that, when he through fixing up the house, most of his houses are sold to young families. 4. He puts up a strong earnest money deposit (around $5,000 for a house with an ARV between $400k and $500k). 5. He puts in for a 2 week closing. Agents hardly ever know what a seller is going to be willing to take for their house.  They all have assumptions and we know what assumptions do… So, don’t ever rely on a listing agent telling you their client will never entertain a low offer.  This is crap.  They are obligated to submit all offers, so go ahead and submit yours and try to convince the agent of the real benefits of your offer (not just price). Jim also mentioned that 90% of his MLS deals required follow up.  He usually does this using hotsheets to automatically check for status changes for the listings.  If you want to win even more deals, it’s best to have a system in place to remind you to follow up just before typical price changes.  There’s no way to guarantee when there will be a price change but you can set up reminders for yourself for each property very easily in REImobile so that you can set it and forget it. The criteria for properties he makes offers on are usually based on location but also the presence of one of the following keywords: estate sale, REO, bank-owned, motivated, needs work, original owner, handyman special, as-is, fixer

Mike has so many techniques for finding under valued properties. Most of the time the home runs are not found on the broker's Multiple Listing Service (MLS). You've got to use other techniques to find the hidden values. Some of them are tried and true low tech methods like sending out post cards. Others are more high tech that Mike has developed over the past decade. The key is to find the properties that are held by owners who don't want to own them, for whatever reasons. Mike's techniques enable you to hone in on these "Don't wanters" and often pick up the property for a song. It's all very easy if you know how.  For More Info Go To TeachMeMike.com

Mike has so many techniques for finding under valued properties. Most of the time the home runs are not found on the broker's Multiple Listing Service (MLS). You've got to use other techniques to find the hidden values. Some of them are tried and true low tech methods like sending out post cards. Others are more high tech that Mike has developed over the past decade. The key is to find the properties that are held by owners who don't want to own them, for whatever reasons. Mike's techniques enable you to hone in on these "Don't wanters" and often pick up the property for a song. It's all very easy if you know how.  For More Info Go To TeachMeMike.com