100 Years of Real Estate: Where We’ve Been

How will the last 100 years impact the next 10-20 years? Well, let’s look at where we’ve been to help us predict where we are going.

Interest Rates have been declining since 1981

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Our Population has doubled in 70 years

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We’ve moved to warmer states

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Women are projected to lead the workforce

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Thanks to the U.S. Census for providing this data, we are prepared to respond to the ever changing real estate needs of 4 generations. For more insight please view our video from our 11/11/2015 Waddell Business Meeting.

 

Let’s Be Real Honest

Derek Foreal visited Waddell Realty on 6/10/15 to share his #forealisms with the agents.

“People don’t buy the wrong house because it has the right finishes.”

“The price you set will either sell your home or your neighbors. Which do you prefer?”

“Just because you pour syrup on something doesn’t make it pancakes.”

“If It’s & Buts were Chips & Nuts, we’d have one heck of a party.”

How Many Days Does it Take to Purchase a Home?

Beginning August 1, 2015 the average days to close on a residential property will increase from 30 to 45 days. The CFPB (Consumer Financial Protection Bureau) wants consumers to have more time to think through this process. Is this going to be a problem for Buyers and Sellers? Only if Lender and Attorney are unprepared to comply with the new regulations.

Loan Officer Eddie Kirby (Guaranty Mortgage), and Real Estate Attorney Edward Hudson, (Hatcher, Stubbs, Land, Hollis, LLP) visited the Waddell Realty office yesterday to review these changes with our agents. If you want to ensure a smooth sale, that closes on time, call these two gentlemen. They are very knowledgeable and well prepared for the upcoming changes.

Below is a link to a copy of the presentation from the Waddell Realty Business Meeting.

Waddell TRID pdf

What’s in Your Real Estate Playbook?

Legendary coach Roy Munson returned to Waddell Realty to share some strategies from his playbook. The best way to kick off the week is with a WIN on Saturday. But you can’t count on luck every Saturday, you’ve got to have a solid playbook and practice, practice, practice.

The week before a closing can feel like 4th and Goal. Are you going to kick a Field Goal or go for the Touch Down? What’s in your playbook?

Roy Munson Strategies

REACT WITH INTENT: Your reaction should be intentional. This can only happen if you practice the plays in your playbook. Great Players develop instincts by practicing how to react to different situations.

PREPARED RESPONSE: “Here is a game you can play. It’s called look like you know what you are doing and just win the game.” Think it through by preparing several ways to respond to situations during the game.

IFTTT: If This Then That. Layout a step by step plan for what happens next. If this happens, then you do that. We call this “looking like a genius.”

EMERGENCY PLAN: You are in a tight situation and need to act fast. What do you do? Everyone needs an emergency plan when you don’t have enough time to think.

Don’t wait for things to happen to YOU, go out and make them happen for YOU.