📉Does Recession mean… 🏡 Housing Crisis?

This past week was a crazy week in the stock market, and depending on where you’re getting your news, things could be alarming. Here is the reality – we are currently in the longest economic recovery in America’s history. What ends a recovery is an economic slow down.

How does this impact housing prices? Check out our video below.

Our goal is to keep you up to date and help you to make informed decisions whether it is today, tomorrow, or years in the future. If we can ever be of service, please feel free to reach out!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®, The MOVEMETOTX Team
2 Greenway Plaza #150 Houston, TX 77046

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Agent Tips: Questions to Ask When Finding a Brokerage…

Choosing a brokerage can be tough… but we’d like to provide you with a few things to think about (and ask) when interviewing brokers! The foundation of your real estate career is very important, so training and development are key. But, I think the biggest thing is finding the right culture — whether that be a team, a mentor, or an office — finding a place where you feel comfortable and your core values align.

We’ve broken the “key” questions down into a few categories:

Culture

  • What is the company culture like here?
  • Would it be possible to get a tour of the office and meet some agents?
  • Can I sit in on an upcoming training session or team meeting?
  • Do you have weekly/bi-weekly/monthly team meetings?

Training/Mentorship

  • Is there a cost associated with new agent training? Is this mandatory?
  • What forms of on-going training and continuing education do you provide?
  • Do you provide any formal mentorship program?
  • Am I able to shadow a more experienced agent?

Marketing

  • What marketing materials are available? Do you offer business cards or any other company-paid advertising/marketing materials?
  • Do I receive leads?
  • Can I “brand” myself and my business? If so, how?
  • Where does the brokerage currently advertise?

Office

  • How many agents work at this brokerage?
  • Does this brokerage have part time and full time agents?
  • Do you provide an independent contractor agreement?
  • What kind of administrative support can I expect from the brokerage?
  • At what times do I have access to the office?
  • Does this brokerage deal in residential real estate? Commercial? Tenant/Rental?
  • Will I be able to do open houses for other agents?
  • What are the brokerage’s short term goals? Long term goals?
  • Do you have a office/phone time requirement?

Money!

  • What costs will I incur?
  • What are the commission splits?
  • What commission split would I start at?
  • Do you have desk fees?
  • Are there franchise fees?
  • Do you offer “caps”?
  • Do I have to pay for my yard signs? Lockboxes? Sign Riders? MLS dues?
  • Do I earn a bonus or any commission for referring another agent to XYZ Brokerage?

If you’re thinking about starting a career in real estate [especially in Houston, TX] and have questions, shoot me a DM on Instagram, or an e-mail!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.movemetotx.com | http://www.instagram.com/movemetotx

19 Hours, 2 Flights, 1000+ Agents #CBRocks – #TomFerry in Chicago with Coldwell Banker

Man… What a day! Had a 19 Hour Day [door to door]… headed up to Chicago for a Tom Ferry seminar with Coldwell Banker Real Estate LLC! Post-GenBlue in Vegas, I saw a post on Ayoub Rabah’s Instagram promoting a Coldwell Banker Chicago event with Tom Ferry. I commented “Got any extra seats? 😉” — and when I actually got a response back of “It’s Open, come on up!” I laughed it off… then actually thought about it!

Booked a flight up to Chicago (for the day) and set office meetings with some local agents! I love working with a company that has a local presence and global reach. The opportunity to network with like-minded agents in other markets is invaluable! Meeting with local agents in their markets is helpful for many reasons – to understand local market intricacies, to mastermind around marketing campaigns, and to develop referral relationships with top-notch agents across the country.

After stopping in at the Coldwell Banker Gold Coast Global Luxury office, we headed to the United Center for the main event – a Tom Ferry seminar! The focus was surrounding “Business Building Truths” and key takeaways from 32,000+ hours of Tom Ferry Coaching.

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“What got you here won’t get you there.”

His seminar started with the task of agents taking a hard look at their business, and the question of How did YOU Build Your Business? The story of the “Three Little REALTORS®” comes in to play… did you build it on a foundation of straw, sticks, or bricks? (Or a combination of the three). Admittedly, if I were to look back on the start of my business, it was probably built on a foundation of straw and sticks. No operational excellence, no systems, no measurable statistics or  goals. While I knew I wasn’t going to let anyone outwork me, I wasn’t really sure what I was creating, and it definitely wasn’t repeatable or scalable.

The main focus of the day was “This is My Business” and taking a look at the different ways we should take a deeper level of responsibility for the business that we conduct each day.

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Are You Living Paycheck to Paycheck? Money in, Money Out….

We took a look at some ways to build wealth, rather than living commission to commission and reducing the “roller coaster” of business (ups and downs) that so many agents seem to fall into.

While 5% of people can be categorized as “Generational Wealth” (ie: $10M+ net worth), and about 15% could be considered “Wealthy” (ie: $3M+ net worth),  the scary stat is the remaining ~80% are “BROKE” — relying on the government, their family or must work to live.

We dove deeper into the idea of having an operations account, personal account, and investment account (You can see more on Tom Ferry’s YouTube Page), and the idea of working because you want to, not because you need to. Once you’ve divided out your expenses and truly understand where you’re spending money, you’re able to demand a better ROI and also adjust marketing/spending when the market shifts.

The Top Five Takeaways from the day:

  1. Live off less – stop buying D.S! (Dumb Shit)
    Pretty self explanatory. Do you really need that “Chicago” coffee mug from Starbucks?
  2. Track and measure your dollars rigorously!  Demand a better ROI!
    What can be measured can be managed. Knowing what is successful (and what is not) will allow you to make better decisions than spending a ton of money on a lot of different lead sources that may or may not be profitable.
  3. Create a better relationship with your bank(er)!
    I’ve always said it’s a lot easier to make money when you already have it, and the same applies for lines of credit, loans, etc.
  4. Focus on generating more revenues!
    Most business coaches and brokers are proponents of having multiple lead sources and streams of income. The entire “don’t put your eggs in one basket” approach.
  5. 10+doors!
    Invest, Invest, Invest!

Watch a snapshot of our experience (and some #TomFerry knowledge) here:

If you’re looking to move in the Greater Houston area or thinking about getting into real estate, please reach out! I’d love to chat.

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Buyer Tips: Interest Rates in 2019

Last week on Instagram, we posted that interest rates were holding steady & that we may not see more increases in 2019! We got a lot of messages with questions, so we wanted to share a few quick takeaway & stats, and what all this may mean to you as a buyer or a seller.

As of March 27, headlines still read “Mortgage Rates Still Moving Lower After Last Week’s Stellar Drop” (Mortgage News Daily), “Mortgage interest rates dropped last week and may stay down for months“, and “Falling mortgage rates propel mortgage applications” (The Housing Wire)… so if you’re thinking about entering the real estate market, now may be the time to do so!

If you’re not planning on moving in 2019 or 2020, perhaps it’s time to refinance or find an investment property. We work with a lot of great lenders and loan officers that can help you to weigh your options. 

For all things real estate, give us a call today at 832-317-6006.

Coldwell Banker United, REALTORS® – Metropolitan

Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046
Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

#FirstFriday: Mastrantos in the Houston Heights

Join us at Mastrantos Global Tastes, a new restaurant off of Studewood in the Woodland Heights, one of the oldest neighborhoods in Houston, originally platted in 1907. Watch us eat a ridiculous amount of food, chat about Houston Real Estate, and hang in the Woodland Heights!

Mastrantos is a family-owned restaurant opened by Xavier and Mari Godoy, serving up tasty breakfast/brunch and dinner (lunch to come in April). They feature great Venezuelan and Spanish inspired dishes, daily made handmade pasta, a “dough lab” with great fresh pastries. The croissants are buttery and flaky, and they have awesome flavors passionfruit and chocolate. Their espresso and coffee drinks are top-notch! They also have dairy free milk (and LOTS of choices).

Jesse Soto (aka Jesse in the Heights) has been to dinner multiple times and in addition to the pasta, says he dreams about the espresso-rubbed Tri-Tip. (You heard it here first).

Stop by Mastrantos for a meal & let them know we sent you! Follow along with their adventures at @mastrantos! (Facebook link HERE)

☎️: 832-317-6006
📩: katie@movemetotx.com
💻: http://www.movemetotx.com
#movemetotx #houstonheights #woodlandheights

Buyer Tips: What are Common HOME LOAN Misconceptions?

We work with buyers on a regular basis and help them to determine how much they can afford. One of the biggest misconceptions is that you must have a 20% down payment. Depending on your debt, assets, income, and credit score, you could be eligible for a 3-3.5% down payment.

Down Payments can vary depending on loan type:

  • Conventional Loan: 3% or higher
  • FHA Loan: 3.5% or higher
  • VA Loan: 0% or higher

Tune in to our quick video for more details on each of these programs.

If you’re thinking about purchasing a home, the first step is to get in touch with a lender so that you can understand how much you can afford. Call us today and we can help! 

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

HAR.com Releases January 2019 Market Reports

On February 13, 2019, HAR.com released it’s January Market Update with the headline, “HOUSTON’S HOUSING MARKET COOLS IN JANUARY”

A few key takeaways include:

  • The single-family home median price increased 1.4 percent to $222,000, which is a January high,
  • Lease properties saw their strongest performance since November 2017, as single-family home rentals climbed 16.5 percent with the average rent up 0.4 percent to $1,755,
  • Days on Market (DOM) for single-family homes decreased from 68 days to 65 in January.
  • Sales of all property types totaled 5,011, down 8.4 percent from January 2018. Total dollar volume for the month fell 4.4 percent to slightly more than $1.3 billion.

Ralph Tapia and Katie Day discuss some thoughts on the report here:

For more information on how these numbers may impact you if you’re renting, buying, selling, or investing, reach out today!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Inner Loop Homes Under $300K

A quick look at a few Inner Loop Homes currently listed at $300,000 or less! To view more information, click HERE, then contact us to schedule a tour!

For more information on homes in the Greater Houston area, reach out today!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Real Estate Market Update: EaDo Houston – January 2019

Hi Friends! We just released our January Market Update for EaDo Houston, TX 77003. There are currently 90 homes available on the market for sale, which represents about 3.5 months of inventory on the market today.

About 55% of the inventory on the market today is new construction, and the common build is a 3 bedroom, 3.5 bathroom single family home.

12 homes sold in January 2019, which was one more than January 2018, when 11 sold.

  • 8 Single Family Listings at an average sales price of $331,611
  • 1 Commercial/Residential building at $2,150,000
  • 3 Townhomes at an average sales price of $303,833

For more details on how these numbers impact you as a buyer, seller, or renter, please reach out today!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com

Homes for Sale: 2212 Ann St, Houston, TX 77003

Enjoy city living in East Downtown at 2212 Ann Street.  Located in a gated community, this two-story home was designed with your convenience and comfort in mind. Enjoy hard-surface floors throughout your new home, making cleaning a breeze!

The split floor plan is great for roommates, guests, or friends! The first floor features a private guest bedroom, bathroom, and additional storage. The second floor hosts the master suite, and provides an open floor plan great for entertaining friends and family before heading to a Dynamo, Astros, or Rockets game, catching a concert Downtown, or going to a new bar or restaurant.

For more photos and information, visit our website, then call us today for your private tour of this EaDo home!

Coldwell Banker United, REALTORS® – Metropolitan
Katie Day, REALTOR®
2 Greenway Plaza #150 Houston, TX 77046

Phone: 832.317.6006
Email: katie@movemetotx.com
Web: http://www.katiedayteam.com | http://www.movemetotx.com