Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

April 1, 2024

Three things you REALLY need to know about Sub-to Offers!

I bet you have gotten lot’s of sub-to “offers” lately.

 

I will share with you these three things

I come across very often that

you should be aware of!

 

  1. Many of the 'offers' you receive aren't genuine offers, and contrary to popular belief, you're not obligated to present them. What you're actually getting are 'letters of intent'. While they may appear formal, it's important to recognize that they're AI-generated, often lack coherence, they are missing essential items an offer must contain including dates, extra costs and, no signature anywhere.

     

  2. If your client has equity, a lot of these offers are paying off the sellers equity in tiny payments and not at closing. For example, it will be something like; “Your client will receive $46,000 in a separate seller finance note over 30 years and will gain $38,000 in interest of that time making it a total $84,000!” Sounds good? Not really. What they don’t tell you is that the note is normally equal payments of $100 to $200 a month over 30 years. The number that your client wants to see more is the net they will be getting at closing, and if they need all their equity, this is definitely not the best choice.

     

  3. A recurring issue I've noticed is that many 'investors' mistakenly believe they're entitled to the buyer agent's commission. They often claim to 'waive representation' or assert that 'No buyer agent commission is needed', suggesting they will only pay 'your' commission. However, this approach is fundamentally flawed because these investors are not licensed. They lack the authority to waive a commission they're not entitled to in the first place. Remember, your commission, as agreed with the seller in your representation agreement, remains intact. Don't be misled by these claims.

 

 

In doubt?

 

Consider me a resource and let's collaborate on a deal. I'm actively purchasing properties on a 'subject to' basis, setting me apart from many investors. My approach doesn't just help your clients move forward; I also share valuable insights with you, enabling you to sell more houses, even those with little to no equity.

Let’s Connect

 

Feel free to reply to this email to connect with me, and we can arrange a time to brainstorm.

 

Dive into my brain for strategies on how to best assist your client.

 

Occasionally, I might even share alternative ideas beyond 'subject to' deals, equipping you with valuable insights that could be exactly what you need.

Success Story

 

 

Here's how I facilitated a seamless transition for a seller moving out of town through a subject-to deal, and in the process, helped an agent successfully sell her stuck listing.

 

The seller, a veteran, had purchased the home two years earlier with no down payment, and unfortunately, the property hadn't appreciated enough to generate significant equity.

 

Despite being on the market for 129 days with a sales price of $513,000 against a mortgage balance of $471,343, it barely covered commissions and potential repair concessions.

 

It was looking like the seller would have to pay out of pocket just to sell the home.

They had attempted to make the home assumable, but found no interested parties for an extended period.

 

With the deadline for their military relocation fast approaching, the agent reached out to me, and together, we made a deal happen.

 

What was the outcome?

 

  • I provided the sellers with $15,000 net because the rate was a low 3.785%, covering all closing costs and repairs, which meant they didn't have to worry about additional expenses.

     

  • The agent earned a commission of $10,000, and we managed to close the deal in just two weeks!

 

This transformation from facing potential out-of-pocket expenses for closing costs, commissions, and repairs to receiving a guaranteed sum enabled the seller to move forward with their plans confidently.

 

Imagine how many more homeowners you can get out of a tight spot knowing you are working with someone that has been in this field for a long time and will always seek a WIN/WIN game plan for everyone involved.

 

“Let’s Create Limitless Possibilities, Together!

 

Reply to this email, and let’s connect!

 

With the real estate landscape changing fast, having the right tools and support is crucial for helping your clients navigate these times.

 

Let me be part of your support network.

 

Together, we can provide the assistance distressed sellers desperately need and still get you paid!

March 12, 2024

My Book - The Playbook to 10x Your Listings Through Seller Financing

This is a comprehensive and easy-to-read guide to help you understand the world of creative financing and leverage it to help more sellers and buyers!

You can get it through amazon at the link below,

 

The Playbook To 10X your listings through seller financing

 

book cover

March 12, 2024

Real Estate Colleagues Leverage Your Distressed Sellers, Partner with Us

Hey there, fellow real estate professionals!

Navigating the real estate market can often feel like solving a complex puzzle, especially when you're dealing with clients who have limited or no equity in their homes.

You've likely encountered your fair share of challenges and might be wary of the same old subject-to (sub-to) offers that promise much but deliver little and end up not closing, causing great damage to your clients.

But what if I told you there's a fresh, innovative approach to transform these tricky situations into win-win scenarios?

As a Broker Associate at Keller Williams Heritage and an author deeply immersed in the world of real estate financing, I've spent years refining strategies that go beyond traditional methods. I'm talking about seller financing, sub-to offers, and wraps—techniques that not only provide lifelines to homeowners in tight spots but also open up a treasure trove of opportunities for us to serve our clients more effectively and close more deals.

"I am buying sub-to properties and looking to work with you to help these distressed sellers so that we all win. "

In return, you can walk away with the knowledge to purchase your own properties and build your portfolio down the road.

Imagine having a toolkit that not only allows you to navigate these complex transactions but also empowers you with the confidence to do so.

That's precisely what I've developed, and I'm eager to share it with you. Through my work, I've crafted a guide that simplifies these concepts, making them accessible and actionable for real estate agents looking to expand their offerings, stand out in a crowded market, and embrace any shift!

I'm inviting you on a collaborative journey where we'll explore how to leverage these alternative financing strategies to benefit our clients and enhance our own success. This is not just about helping our clients but also about our professional growth and success.

 

March 12, 2024

Owner Financing San Antonio

Are you tired of watching your hard-earned money disappear into the abyss of renting without the benefit of building equity?

Have you faced rejection from traditional mortgage lenders?

Whether you have a substantial down payment saved from family gifts, retirement funds, or an inheritance, we have thrilling news for you. In collaboration with a reputable local company, we're here to transform your homeownership dreams into reality.

Seize the opportunity to buy ANY home on the market with owner financing. And here's the best part: you will receive guidance from a Texas Licensed Realtor/Broker, and this expert assistance comes at no cost to you!

  • Are you curious about how our Owner Financing Program could be your path to homeownership?

 

  • If you've encountered credit challenges, are in the early stages of credit building, or are self-employed with fluctuating income, our program is designed for you.

 

  • Have you experienced a divorce, bankruptcy, or foreclosure? That won't stop us.

 

  • ITIN holders and Foreign Nationals are also welcome to apply. Plus, we offer services in Spanish to ensure you're fully supported in your language of choice.
  • Bid farewell to the obstacles that have stood in your way and embrace the chance to own your dream home. Let's make it a reality!

 

  • Moreover, we have access to a wide array of homes available with direct owner financing options. Allow us to guide you through the process.

Start your journey towards homeownership today!

July 31, 2017

Curious About Local Real Estate?

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Curious about local real estate? So are we! Every month we review trends in our real estate market and consider the number of homes on the market in each price tier, the amount of time particular homes have been listed for sale, specific neighborhood trends, the median price and square footage of each home sold and so much more. We’d love to invite you to do the same!

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You can sign up here to receive your own market report, delivered as often as you like! It contains current information on pending, active and just sold properties so you can see actual homes in your neighborhood. You can review your area on a larger scale, as well, by refining your search to include properties across the city or county. As you notice price and size trends, please contact us for clarification or to have any questions answered.

We can definitely fill you in on details that are not listed on the report and help you determine the best home for you. If you are wondering if now is the time to sell, please try out our INSTANT home value tool. You’ll get an estimate on the value of your property in today’s market. Either way, we hope to hear from you soon as you get to know our neighborhoods and local real estate market better.

Posted in Market Updates