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Real Estate Experts To Follow In 2015

Real Estate Experts To Follow In 2015 | Real Estate | Scoop.it
A shortlist of the 29 most influential real estate experts you need to be following on Twitter in 2015.

Via Bill Gassett
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Bill Gassett's comment, January 14, 2015 8:33 AM
Thanks for sharing @Kyle Hiscock good to see you on the list!
Kyle Hiscock's comment, January 14, 2015 12:55 PM
No problem @Bill Gassett, I'm excited that I was included!
Bill Gassett's comment, January 20, 2015 7:15 PM
Thanks for sharing @Jacob Grant Property Management!
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26 Real Estate Experts Reveal Common Investor Mistakes

26 Real Estate Experts Reveal Common Investor Mistakes | Real Estate | Scoop.it
26 real estate experts reveal the three most common mistakes made by first-time investors. Read what they have to say, and start one step ahead.
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Whether you're about to make your first real estate  investment, or you're a season investor, this post has something for everyone. Some great insights from some really successful people ;)

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How Do Real Estate Agents Get Through Market Downturns

How Do Real Estate Agents Get Through Market Downturns | Real Estate | Scoop.it
We wanted to find out how real estate agents cope with market down turns or even seasonal market changes so we went out and interviewed a Realtor that has been

Via Bill Gassett
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Bill Gassett's curator insight, June 4, 2014 7:47 PM

If you asked ten different real estate agents how they get through a market downturn or recession you would probably have quite a few different answers. Not everyone handles adversity the same why.


I was recently asked how Realtors get through a recession and provided my responses in the interview. The key for me as you will see in the interview is not to let up on spending money during tough times. You need to invest back into your business!


This was done by heavily promoting my business on the internet. As the ole saying goes when the going gets tough, the tough get going. Having been in the real estate business for twenty seven years I have been through two very tough down cycles. Take a look at the article and see how I managed to get through it.

Bill Gassett's comment, June 18, 2014 6:01 PM
Thanks for sharing Sandy!
Bill Gassett's comment, July 10, 2014 8:26 PM
Thanks for sharing guys!
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Mortgages drop, as economists warn of Help to Buy price timebomb - but are they right?

Mortgages drop, as economists warn of Help to Buy price timebomb - but are they right? | Real Estate | Scoop.it
Tougher borrowing rules appear to have sent the mortgage market into reverse, as economists have issued a fresh warning on controversial Help to Buy.

Via Richard W J Brown
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Richard W J Brown's curator insight, June 2, 2014 5:02 PM

 

The UK house price bubble is being fuelled by easy access to credit right? Err, not now it seems as the Mortgage Market Review has scuppered any apparently ‘easy lending’, not that post 2008 there has been ‘easy’ lending. So going forward at least we can scrub that one off the list then.

 

How about, the UK house price bubble is being fuelled by Help to Buy instead then – all of those Government guarantees surely must be pumping up that balloon good and proper? Err, wrong again as in the first six months of the scheme H2B only accounted for a tiny 1.2% of all transactions and whilst fears that the credit line of £12Bn could be exhausted before the original 2016 deadline that would mean a tenfold increase in the proportion of mortgages supported by the scheme…which seems very unlikely.  OK, two big headlines shot down in flames, what else could it be then?

 

Ah of course, lack of supply – not enough homes and too much demand that will be it surely? Err, apparently no again…the number of new homes built in 2012 was up 0.6% but that was the same rate of growth as the population, so they cancel each other out don’t they? To be fair, one year’s data does not really support the argument that we have enough supply and more to the point where those homes are and of what type is also very important…but that would interrupt my ‘Froch-like knock out style’ update today wouldn’t it?

 

OK, so if we have smashed three of the big ‘myths’ (or two and a half of them at least), then what really is fuelling the gigantic UK house prices then?

 

Well, part of the clue is in the statement ‘UK house prices’, as across the entire UK prices are hugely inflated by what is happening in London and London makes the image portrayed in the film Up of a house rising on balloons seem very apt doesn’t it?

 

So, it’s all about London then is it? Well pretty much yes I think it is but what is making London resemble a newly opened bottle of zesty Champagne then? Well, how about value – to an overseas investor the value of London property over the past 5 years has appeared very good due to a weaker pound – that’s certainly part of the equation…foreign investment. But foreign investors usually prefer Hyde Park to Hillingdon and Leicester Square to Lewisham, so it is only a partial explanation.

 

Another definition of value is affordability and whilst house prices to income ratios appear to be totally out of keeping with the so-called historical average of around 4 times earnings at around 11 in London of late; low interest rates have made the actual percentage of repayments to income still bearable at around 40% in the capital. This will have also contributed across the whole country but certainly in London.

 

Supply will also be a big factor in London for sure also, as by definition there are a lot of people all trying to live in not a lot of space and the restrictions on new building development will most surely be felt in the UK’s foremost economic hub. Personally, I think this is a big driver in the capital and of course, the capital is significantly driving the overall UK figures.

 

There is though perhaps another less obvious reason…emotions…specifically greed and fear. In many investment markets these two factors often come to the fore, fuelling price fluctuations whether they be up or down and in so-doing often distorting the natural position. Along with the other factors mentioned good old fear and greed will be playing their part for sure (note that to many their home is still viewed as an investment). But what are the implications of this emotional push on property prices in London? As stated, they tend to exaggerate an apparent trend causing higher than normal market patterns, which in this case probably means driving up too far, prices too fast.

 

There will be in my view an inevitable correction as people realize that they cannot afford the repayments on the higher prices.  Then, as MMR changes kick in to limit the number of mortgage approvals at the high end of the scale, foreign investors see less attraction resulting from a stronger pound and a potential tinkering from the Bank of England…all coming together will put the brakes on the market. There is also no doubt that we will see interest rates rise, the only questions that remain here are by what degree and over what timeframe? Interest rate rising will put further pressure on borrowers and this in turn will cap out house prices.

 

To me all of this suggests that whilst the UK overall may not be overheating - in London it really does look like it is and so I am predicting a London-lead housing correction over the coming one or two years. Just how far this filters across the rest of the UK remains to be seen but I would suggest that the rest of the UK has been behaving relatively normally of late and so unless what happens in London causes a wider economic fallout the ripple effect should be OK…or at least I think so...

 

In conclusion: London looks a bit fruity for new investments at the moment based on the drawing to an end of a relatively favourable ‘bang-for-your-buck’ period due low interest rates coupled with a good dollop of fear and greed.  However, with a bit of luck the rest of the UK should stand up going forward well enough…but don’t quote me on that ;)

Richard W J Brown's comment, June 4, 2014 2:17 PM
Jacob Grant Property Management - thank you for sharing this insight :)
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Protecting Your Home Away From Home | Zillow Blog

Protecting Your Home Away From Home | Zillow Blog | Real Estate | Scoop.it
The smart vacation home owner makes sure the second home doesn't generate more stress than it relieves. The right insurance coverage can go a long way toward putting an owner's mind at ease.
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Here's The Real Reason Americans Aren't Buying Homes

Here's The Real Reason Americans Aren't Buying Homes | Real Estate | Scoop.it
Think supply, not demand.

Via John M. Holland
Jacob Grant Property Management's insight:

Very interesting take on the current state of the housing economy. 

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Mortgage rates fall for fifth-straight week - MSN Real Estate

Mortgage rates fall for fifth-straight week - MSN Real Estate | Real Estate | Scoop.it
The average rate on a 30-year, fixed-rate mortgage is now 4.12 percent.
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Mortgage rates continue to fall. Is now the right time to invest?

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4 Guidelines for Homebuyers -- AOL Real Estate

4 Guidelines for Homebuyers -- AOL Real Estate | Real Estate | Scoop.it
Go into the homebuying process with eyes wide open by following these four principles.

Via John M. Holland
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John M. Holland's curator insight, May 29, 2014 9:37 AM

Buying a home is a big decision personally and financially and it can sometimes seem like an intimidating process. Go into it with eyes wide open using these tips to be better at buying a home.

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17 Experts Reveal How To Make Smart Real Estate Investments

17 Experts Reveal How To Make Smart Real Estate Investments | Real Estate | Scoop.it
17 expert real estate investors share their secret formulas/ metrics for identifying profitable real estate investments.
Jacob Grant Property Management's insight:

17 real estate experts reveal the top 3 formulas/metrics they look at before deciding to pull the trigger and invest in real estate. Whether you're a newbie investor or seasoned veteran, you're bound to come across something new in this post. Enjoy! 

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Real Estate Needs a 'Commons.' Open Availability Data Could Speed Deal Flow.

Real Estate Needs a 'Commons.' Open Availability Data Could Speed Deal Flow. | Real Estate | Scoop.it
If everyone had fast, accurate access to square footage and the marketed lease rate, would efficiency rise?

Via Thomas Faltin
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How To Sell Without Selling (Infographic)

How To Sell Without Selling (Infographic) | Real Estate | Scoop.it
Ready to put your business on autopilot? That’s right, selling doesn’t necessarily require constant aggressive marketing. You don’t have to sell to sell. Setting up a strategy for passive sales…

Via John M. Holland
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John M. Holland's curator insight, July 10, 2014 9:14 AM

Ready to put your business on autopilot? That’s right, selling doesn’t necessarily require constant aggressive marketing.

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Housing debt still traps 10 million Americans

Housing debt still traps 10 million Americans | Real Estate | Scoop.it
Nearly 10 million Americans remain financially trapped by homes worth less than their mortgage debts — an enduring drag on the U.S. economy almost seven years after the housing bust triggered the Great Recession.
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9.7 million Americans owe more money on their homes than it would sell for. 

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The towns that offer the best buy-to-let returns...apparently

The towns that offer the best buy-to-let returns...apparently | Real Estate | Scoop.it
Rental returns on buy-to-let are biggest in regional centres like Southampton, Manchester and Nottingham – where one in four homes are now privately rented

Via Richard W J Brown
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Richard W J Brown's curator insight, May 29, 2014 3:04 PM


Everyone likes a top 10 chart don't they? Well here is the latest summary of HSBC's top rental hotspots to get you all excitable over :)

 

Southampton apparently has it sewn up yet again but if we look at the biggest climbers in another version of the report then Manchester and Nottingham are chasing them down: http://www.lovemoney.com/news/property-and-mortgages/buy-to-let-investments/11885/the-10-best-towns-for-landlords

 

As an aside, I did note one funny thing though and that is I could not see Birmingham in the top 50 for 2013 list at all (I have not found the full top 50 for 2014 yet).  That seems strange to me and it would be hard to imagine that average yields in Birmingham were less than 3.34%; the average yield of bottom placed Kensington & Chelsea last year. I don’t know what happened there...maybe I just need an eye test...

 

I am not always quite sure what to make about these sorts of charts though and of course once they are published there is likely to be an influx of investors beating a path to the top hotspots, making for me at least a lower chance of securing a good value purchase. As they tend to show an average based on ONS data so I guess the lists are useful, if not definitive. The list does suggest some of the characteristics of what might make for a decent rental property location: larger urban areas with jobs, transport, infrastructure and schools or at least universities among other things...all drivers of decent rental demand.

 

If I were to take anything new away from the data this time around, it is an observation about the level of rental stock as a proportion of the total housing stock in these locations. The top 10 areas had on average of 22.8% rental properties out of the total housing stock, whereas the bottom 10 had 27.0% rather. This does perhaps suggest a saturation level may start to tip the scales at some point. The average in the 'top climbers chart' was 25.1% incidentally.

 

This may not tell us anything really, as many factors could explain the data and further investigation would be required. However, if I was looking for the next Southampton, I might be inclined to look in an area not totally saturated with rental stock yet myself, whilst still having all the attributes of strong rental demand.

 

Perhaps Nottingham, Hull, Coventry & Portsmouth could be worth a closer look then…

Richard W J Brown's comment, June 2, 2014 12:43 PM
Hey Jacob Grant Property...you are welcome and thank you for the rescoop :)
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Why there aren't enough homes for sale

Why there aren't enough homes for sale | Real Estate | Scoop.it
With home prices still well off peak levels from 2005-2006, and mortgages still near historically low interest rates, many industry observers were expecting to see home sales increase much more rapidly than they have.

Via Russ Bergeron
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The Top 82 Must-Read Real Estate Blogs Of 2014 | Jacob Grant

The Top 82 Must-Read Real Estate Blogs Of 2014 | Jacob Grant | Real Estate | Scoop.it
We've scoured the internet and made a list of 82 blogs every real estate investor should check out. Learn investment tips, trends and marketing strategies.
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Why Is 20% Ideal for a Down Payment on a Home? | Zillow Blog

Why Is 20% Ideal for a Down Payment on a Home? | Zillow Blog | Real Estate | Scoop.it
By putting down 20 percent of a home's purchase price, you'll avoid paying private mortgage insurance (PMI), and your monthly mortgage payments will be lower.
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Buying a home? How much down payment should you be placing...

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