Why Rising Mortgage Rates Push Buyers off the Fence
The MD Home Team Blog
by Michael Patterson
2y ago
If you’re thinking about buying a home, you’ve probably heard mortgage rates are rising and have wondered what that means for you. Since mortgage rates have increased over two percentage points this year, it’s natural to think about how this will impact your homeownership plans. Today, buyers are reacting in one of two ways: they’re either making the decision to buy now before rates climb higher or they’re waiting it out in hopes rates will fall. Let’s look at some context that can help you understand why so many buyers are jumping off the fence and into action rather ..read more
Visit website
How Today’s Mortgage Rates Impact Your Home Purchase
The MD Home Team Blog
by Michael Patterson
2y ago
If you’re planning to buy a home, it’s critical to understand the relationship between mortgage rates and your purchasing power. Purchasing power is the amount of home you can afford to buy that’s within your financial reach. Mortgage rates directly impact the monthly payment you’ll have on the home you purchase. So, when rates rise, so does the monthly payment you’re able to lock in on your home loan. In a rising-rate environment like we’re in today, that could limit your future purchasing power. Today, the average 30-year fixed mortgage rate is above 5%, and in the near term ..read more
Visit website
Today’s Home Price Appreciation Is Great News for Existing Homeowners
The MD Home Team Blog
by Michael Patterson
2y ago
Today’s Home Price Appreciation Is Great News for Existing Homeowners If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the ..read more
Visit website
The Dream of Homeownership Is Worth the Effort
The MD Home Team Blog
by Michael Patterson
2y ago
If you’re in the market to buy a home this season, stick with it. Homebuyers face challenges in any market, and today’s is no exception. But if you persevere, your decision to purchase a home will be worth the effort in the end. In fact, a recent survey from Bankrate shows homeownership is so powerful that: “Nearly three in four homeowners say they would still buy their current home if they had it to do [sic] all over again.” That means the results – owning a home and the benefits that come with it – outweigh the effort needed to achieve their goal. If you’re a ..read more
Visit website
Canva for Real Estate Agents
The MD Home Team Blog
by Michael Patterson
2y ago
Canva is one of the staples of graphic design right now. Compared to the very famous and mostly utilized adobe photoshop Canva is really easy to use and a great time saver. If you are not familiar with Canva it is one of the best tools to utilize in creating graphics, videos, and all general social media content for your real estate business. At times Canva can feel overwhelming due to the sheer number of designs available on their website and because of that let us help you with these simple tips on how you can improve your brand and catch the eyes of your clients with simple yet effective C ..read more
Visit website
Essential KPIs To Improve Your Real Estate Business
The MD Home Team Blog
by Michael Patterson
2y ago
​ “Those who cannot remember the past are condemned to repeat it.” – George Santayana The Life of Reason, 1905 Sound’s a bit ominous but we can take away so much from this quote from George Santayana. Keeping track of the progress of your business might get confusing at times. There are a lot of aspects to your business and a lot of factors to consider specifically in real estate. So where do you actually start? These are the 5 top KPIs ( Key Performance Indicators ) to use to keep track of your progress and be able to pinpoint your weak points and strengths. Appointment To Listing Conv ..read more
Visit website
​ “Those who cannot remember the past are condem...
The MD Home Team Blog
by Michael Patterson
2y ago
​ “Those who cannot remember the past are condemned to repeat it.” – George Santayana The Life of Reason, 1905 Sound’s a bit ominous but we can take away so much from this quote from George Santayana. Keeping track of the progress of your business might get confusing at times. There are a lot of aspects to your business and a lot of factors to consider specifically in real estate. So where do you actually start? These are the 5 top KPIs ( Key Performance Indicators ) to use to keep track of your progress and be able to pinpoint your weak points and strengths. Appointment To Listing Conv ..read more
Visit website
What you should be posting on your Social Media as a Real Estate Agent
The MD Home Team Blog
by Michael Patterson
2y ago
Utilizing your social media to build your clientele is a staple of today’s Market. But it is easier said than done. Look at your socials right now and check how many followers/ friends you have… Done? now look at how many likes or comments you have on your post.. if you are getting a quarter of how many friends or followers you have on your post then you are doing a mighty fine job. right now follower count does not equal conversions of potential leads. Right now it’s all about the engagement! Here are tips on how you can improve your social media engagements in very simple ways. Show the rea ..read more
Visit website
4 Scripts to Help You Get More Closings
The MD Home Team Blog
by Michael Patterson
2y ago
Having a script ready helps you lead your clients to a mutually agreed-upon result. A script can also help you build confidence as per the saying “Knowledge equals confidence, and ignorance equals fear”. By following these simple scripts you can get to the endgame faster be it a Yes or a No. “What’s Important to you and what are you looking for in an agent that will represent you?” Being able to gather this information is crucial to how you will be positioning yourself throughout the sale process. finding out the priority of your client helps you to customize your presentation be it for sellin ..read more
Visit website
Compass #1 Claim Is Brokerage, Not Brand
The MD Home Team Blog
by Michael Patterson
2y ago
There’s good news and bad news for Compass agents: THE GOOD NEWS: Compass now appears to be the largest single brokerage in the U.S., based on sales volume. T3 Sixty reported March 23 that the luxury brokerage surpassed the large Realogy Brokerage Group brokerage owned by Realogy in 2021. Some Compass agents were quick to email out marketing materials proclaiming, “Compass, #1 brokerage in the U.S.” THE BAD NEWS: Compass lost nearly half-a-billion dollars last year in perhaps the most lucrative real estate market ever. That means that “… if you’re a Compass agent, the comp ..read more
Visit website

Follow The MD Home Team Blog on FeedSpot

Continue with Google
Continue with Apple
OR