Six Fresh Trends Shaping the Face of the Real Estate Industry – Digitized House
Trends are an ever-changing phenomena, whether it’s the fashion industry, music, business, technology, or real estate market. These shifts, however, may not always be positive for the respective genre. But in the case of real estate, things are looking up. As 2019 winds down and we head toward 2020, there’s a strong movement toward real estate technology, known as PropTech. Let’s take a look at PropTech and other fresh trends that are shaping the real estate industry.
- Tech Companies Entering the Real Estate Sector
- Increased Investment in PropTech
- Green Is hot
- Alternative Forms of Housing
- New Technologies Are on the Rise
- Increasing Social Impact on Investment
Agent 2020: How to remain relevant in the age of digital disruption – The Real Estate Conversation
The relevance of agents in the year 2020 will be heavily dependent on the experience they provide to each customer they deal with. If the experience is world class, then the customer will see value and provide repeat and referral business. It is the same reason we now use services such as AirBnB and Uber because of the customer experience, trust and story we get to tell, as opposed to the poor experience of booking hotels or taxis that gave us no choice.
CoreLogic recently released the report ‘The Future of Real Estate’ that found Vendors want an agent to hold their hand through the selling process, they want a world class experience, a story they can tell and most importantly they want to deal with someone they can trust. Evidence of the experience, story and trust can be seen every day with companies like Apple or Facebook.
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Selling a House with Leased Solar Panels? – Home Light
- No upfront cost to buy the panels; you can invest saved money in other value-adding improvements to increase your home’s marketability like painting and staging
- No early buy-out fee
- Complicates the selling process; necessitates more discussion between the seller and buyers
- May turn off buyers uninterested in taking on lease
- Limits your offer pool to buyers who are able to qualify for the solar lease in addition to a mortgage
- Extends closing period until the new buyer is approved to take on the solar lease
- Potential lease transfer fee
Follow these steps to transfer your solar lease to the new buyer:
- Notify your solar company that you are selling your home. Most companies will connect you with a service transfer specialist who will provide you with information on transferring the lease.
- Connect your agent to your solar service transfer specialist. The solar representative will provide them with a copy of your solar agreement and supply information on the leased solar panels so your agent can effectively market your home and communicate solar benefits to interested buyers
- When you’ve found an interested buyer, provide them with a copy of your solar agreement and give them your solar service transfer specialist’s contact details in case they want to discuss the details of the lease.
- The buyer will need to bring the solar agreement to their mortgage lender when they apply for their home loan. The lender will review the agreement and check that it contains a transferable warranty. Basically, the lender needs assurance that the buyer is not responsible for costly repairs to the solar panels which could disrupt their ability to pay their mortgage.
- Once the buyer receives the green light on their home loan, reach out to your solar lease transfer representative and request they send the service transfer form to you and the buyer. You’ll both fill out and sign the form—a process you can usually take care of digitally via editable PDFs or online forms.
- The solar company will run a credit check on the buyer as they will be responsible for making the payments. Most solar companies require a credit score of 680 or higher though some may allow for lower scores in exchange for a higher interest rate on the lease.
- The solar company will send you and the buyer a document confirming the buyer is approved as the new tenant under the solar lease. The approval window can take as little as 2-3 days, depending on the solar company.
- Lastly, you need to inform your solar transfer specialist when the home escrow closes to finalize the transfer.
Home Selling 101 For 2020 – Tre Pryor
Real estate isn’t just a matter of training how to “talk” to people and convincing them to buy your property. A huge part of it is ensuring you’re providing them with the kind of product that they’ll surely buy – not just because they want it, but because it’s the best option for them. Home selling 101 is putting your home’s best foot forward. From the elements of the property itself to the updates to the presentation—making sure everything is in tip-top shape. Below are four keys to focus on that will make your house sell quickly for the highest possible price.
- Aesthetics Seal the Deal
- Repairs and Updates Can Improve Your Price
- Sometimes, It’s Location, Location, Location
- Documentation Matters
Home selling 101 means tackling all the important things. When it comes to a successful real estate transaction, it’s not just about a slick salesman. It more about what you are offering. Nothing makes a home sale better than actually showing off a good home.
With the above considerations in mind, you’ll have a good set of things you may want to ensure you have before you proceed with your home sale. And if you don’t have these elements in check, you might want to revisit the drawing board and plan your house sale accordingly.
HOW TO SELL AN EMPTY PROPERTY? – Beat Color
Selling empty properties means that interiors photos will not be quite as appealing as they would be for a furnished property, so it is vital that the exterior photos are exceptional. So how to make the exteriors be stunning? Don’t think it is a big problem. Take it easy and write down basic things which need to be done. For example, repainting the wall and the fence, mowing lawn, sweeping out all the dead leaves, collecting litter or removing broken objects are necessary to be listed… After finishing these things, your exteriors will look like new again. If possible, you can make use of empty land to plant some flowers or tiny trees. Try to make the exteriors stand out, because customers prefer to see something in those photos that will make them want to arrange a viewing.
Even though interiors is empty, it still needs some touching up because empty rooms can reveal many little flaws, scuffs, nail holes and cracks which you may have never noticed. However, these problems can be fixed by putting a fresh coat of paint on the wall. Painting rooms not only gives you the opportunity to neutralize the colors if your chosen hues were on the bold side, but also helps to convey subtly a sense of newness. Floor is another part you should keep an eye on if removing your furniture reveals worn-off wood finishes, dingy carpets, or blackened grout in high-traffic areas. Damaged sections of flooring will make the house look like abandoned, so if your budget allows consider getting them repaired. If this is not feasible then hire a good floor cleaning machine and tidy them up as best you can.
Staging the empty house
Empty rooms can be difficult for buyers to get a clear sense of how big the rooms. Empty dining rooms or bedrooms may actually appear smaller than they are, making buyers nervous about whether their furniture will fit. However, this problem can be fixed by adding a few tasteful items that can anchor the eye and show the relative spaciousness that your home offers. A neatly-made bed in the master bedroom can work well, or a painting hung near an accent chair in the living room. If you haven’t got the furniture to spare, you can use virtual staging service which doesn’t cost much. Using this service, you can stage your house with computer-generated items and your house will look like fulfilled and stunning as a furnished house.