Can You Really Avoid Real Estate Fraud?

Posted by at 10:30 am

Fraud is an ever growing issue in all areas where money is concerned, including real estate. These types of fraud are largely surrounded in email hacking and wire transfers. A hacker will monitor incoming and outgoing emails from real estate brokers, escrow agents and even a clients personal email account, keeping an eye on all transactions taking place. When it comes time for wire fund transfers, the hacker will intercept and impersonate the broker or escrow company by hijacking the email address of the broker or agent. They will then email the client explaining an urgent change to the initial wiring method, giving the client new instructions for the funds transfer. Another note to take is that these hackers will advice the client to NOT CALL the broker or agent directly. Washington Realtor Magazine notes that “These [new] instructions often create a sense of urgency and often explain that...
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January 9th, 2018

VA Loan Limits for 2018

Posted by at 11:47 am

The article outlines the loan limits for VA financing by county throughout Washington State. The Veteran’s Administration provides 100% home mortgage financing, both purchases and refinances, for those who are eligible. Those people include veterans, active duty personnel, reservists/National Guard members and some surviving spouses. Additionally, there is no monthly mortgage insurance charged to the borrower. Veterans can actually borrow more than this by investing 25% of every dollar over that limit as a down payment (so a $553,100 home in Skagit County, a $25K down payment on a VA loan would be required). VA does not impose a maximum amount that an eligible person may borrow using a VA-guaranteed loan. However, VA does limit its maximum guaranty amount, and the limit varies by county. Click the link below to see the 2018 VA Loan Limits for Washington State Counties. VA Home Loan Limits...
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January 8th, 2018

FHA Loan Limits for 2018

Posted by at 9:08 am

Every year, HUD re-examines the home buying landscape and determines the maximum FHA loan limit for all counties throughout the United States. For 2018, the following FHA loan limits are in place and can impact your decision on whether to use FHA or another loan program. We must be aware of the FHA loan limits when considering any FHA loan – your base loan cannot exceed the FHA loan limit under any circumstances, but the loan limit varies by county and by the number of units in the home. Click the link below to see the full FHA Loan Limits in Washington State for 2018. FHA Mortgage Limits List for 2018 Related Articles: FHA Loan Limits for 2016 What does FHA look for with an Appraisal?...
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January 2nd, 2018

The Truth About Reverse Mortgages

Posted by at 10:43 am

A reverse mortgage has been made out to be a last resort elderly people use when they are in need financially. Why a last resort? The assumption is that taking out a reverse mortgage means eventual loss of the borrower’s home but the great news is, this is not true! There are many questions behind how a reverse mortgage works. The Mortgage Professor explains, “A reverse mortgage is designed to provide an elderly homeowner with spendable funds that can be used for a variety of purposes, including home purchase. More commonly, the funds are borrowed against a home the senior already owns and occupies as a permanent residence, and used in many different ways.” Another common assumption is that taking out a reverse mortgage means the bank now owns the home and eventually be forced to leave their home. “With a HECM reverse mortgage loan, borrowers still retain ownership of...
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Top 5 Things Every Home Buyer Should Know

Posted by at 9:53 am

Buying a home can be very stressful. Whether it’s your first time or you are a seasoned real estate professional, there are things you should always keep in mind before you make the leap into home ownership. Here are my five finds for you to remember when buying a home. 1. What do you want? A lot of people know the basics of what they are looking for when considering the purchase of a home. Things that are easy to think of, like the number of bedrooms or bathrooms, but there are details some of us may not consider until after they have made the move. These oversights may be as simple as school districts, heating/cooling systems and even neighborhood stipulations which can leave buyers feeling unhappy about their purchase. An HGTV article suggests writing down your wants and putting...
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December 5th, 2017

Coach Bill Hart Interviews Top Realtor Nicole Solari on 4 Secrets to Cultivating Leads

Posted by at 3:12 pm

  When Nicole Solari got her Realtor’s license in 2014, she literally went into real estate cold. She had no database to work from, and had no referral partners. Today, this top California Realtor has 4,291 leads! In 2016, after just 3 years in the business, Nicole and her team closed 181 homes. Here are 4 big ideas Nicole uses to capture and cultivate leads. 1. Be out there when everyone else isn’t. Instead of holding one or two open houses a week at the usual time when everyone else did, she changed up the script. “I did twilight open houses, happy hour open houses and what I called Wacky Wednesdays,” she recalls. “In Solano County, school gets out at noon on Wednesdays so you have all of these moms and nannies and everybody picking their kids up at noon...
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November 22nd, 2017

Business Strategy for 2018

Posted by at 9:27 am

“It is easy to start a project, but without careful planning it is like setting off on a journey to an unknown destination without a roadmap. You might manage to make it to your destination eventually, but don’t be surprised if you get really lost on the way!”- Stefan Topfer NASDAQ With the end of the year fast approaching, it’s time to consider what your business plan is for the coming year. No matter the goals you set, it is important you spend time working out that plan to keep you prepared and on task in 2018. Here are two useful downloads to a Simple Business Plan with Directions and the SWOT analysis that were mentioned in the video. These two documents will be useful tools while you’re setting up your goals for your business in 2018 If you have any questions please don’t hesitate...
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October 17th, 2017

Coach Bill Hart Interviews Million-Dollar Realtor Jeff Cohn

Posted by at 11:00 am

Jeff Cohn has taken the fast track to success, and his strategy is clearly working. After college and two years of missionary work, he was looking for a career at the ripe age of 23 and decided to interview 20 successful people for advice. Most told him “go into sales, don’t let someone else control your destiny.” That convinced him to go into residential real estate. Then once he got his license, he interviewed all the top agents in his market. He applied all the advice they told him for the next five years, and then reached out to agents nationally and repeated the process. Has it worked? After just 10 years, Jeff Cohn’s team has been #1 in units in the state of Nebraska for three years. Based in Omaha, with a population of 1 million and an average sale price of...
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September 13th, 2017

You’ve Been Hacked! What to do from the Equifax data breach

Posted by at 5:10 pm

You’ve been hacked! You’ve undoubtedly heard about the recent Equifax data breach where their systems were compromised, and information on over 143,000,000 people was stolen. That information includes social security numbers, names, addresses and birthdates – all the information needed to open a new credit account. But this isn’t the first data breach in recent memory. Do you remember these? Home Depot – 53,000,000 records Target – 70,000,000 records Chase – 76,000,000 records Sony – 77,000,000 records Anthem – 80,000,000 records TJMaxx – 94,000,000 records Heartland – 135,000,000 records Ebay – 140,000,000 records Mastercard – 160,000,000 records And now Equifax at 143,000,000 records There are a few steps you can take today to ensure your accounts have not been compromised: Check your credit reports. Go to www.AnnualCreditReport.com to get your free report. There is no need to pay for credit scores...
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Where do I make my first payment – setting up automatic payments on my mortgage

Posted by at 2:13 pm

This article outlines making your first mortgage payment and how to setup automatic payments on your mortgage. Congratulations! You have just purchase a home or completed a refinance of your current home, and you have a shiny, brand new mortgage that you will need to start making payments on.  What’s next? First, you need to know about where to make your monthly payment and how to make them. In about 30 days, you will receive a statement from your loan servicer outlining your loan amount, your total monthly payment and where to make the payment. You should use that statement to send in your first payment. In the event that you don’t receive that statement by the time your first payment is due, you can use your “first payment coupon”. When you signed your closing documents, included in your closing packet...
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