Great Cities For First Time Home Buyers

Buying a home for the first time can be stressful. You’re trying to find your dream home, someplace you can settle down. This likely comes with some requirements, like a safe neighborhood, possibly good school systems for the kids, fun nightlife, and so many other things. All of these requirements can often make finding the perfect home even more difficult. With that in mind, I’ve chosen some of the best cities around the United States that are great places to move to for first-time homebuyers.

Champaign, Illinois

This mid-sized city is located between Chicago, Indianapolis, and St. Louis, and it offers easy access to the Big City while still maintaining a slower pace of life. One of the highlights of this area’s culture is the University of Illinois, which is right near the downtown area. The University even features the amazing Krannert Art Museum!

Charleston, South Carolina

Despite being slightly more expensive than a lot of other cities, Charleston also has the most active listings. This makes it easier to find a home in this area than it would be in other growing regions. Aside from its housing market, Charleston also has a variety of other attractions, such as a waterfront park and a promenade that’s close to the Atlantic Ocean.

Hillsboro, Oregon

Located just west of Portland, Oregon, is the suburb of Hillsboro. This area is often overlooked, and it has a variety of attractions, such as nature trails and a wetlands preserve. It’s also a 20-minute drive away from Portland and its popular attractions, such as the city’s popular shopping and dining options.

Reno, Nevada

Despite being slightly more expensive, Reno is still able to provide a high rate of availability and a variety of mountain views. If you’re not a fan of Nevada, keep in mind that it’s right on the California border and can reach Lake Tahoe in just 45 minutes.

Cranston, Rhode Island

This suburb of Providence is only 15 minutes away from the city center, making it an easy commute. This area also has a variety of attractions, such as the East Bay Bike Path. On weekends, try running around the bike path or playing in the nearby reservoir.

This article was originally published on KevinBrunnock.com

The Top TED Talks For The Real Estate Industry

One of the best ways to find new inspiration and motivation in the world of real estate is to watch a few good TED Talks. TED Talks are short discussions held by prominent leaders from industries all over the world, and they’re usually meant to inspire and educate those watching while also occasionally presenting solutions to problems within whatever field they’re discussing. Real Estate is no stranger to these talks, as there are hundreds of real estate agents who are looking for guidance all around the world each and every day. Let’s take a look at some of the best TED Talks discussing real estate.

Moore’s Law Of Real Estate – Gunnar Branson

In this talk, Gunnar Branson talks about the concept of Moore’s law and how it applies to real estate. He states that the physical spaces that we inhabit are constantly changing and will eventually affect how we live and work. His talk is full of examples that will help you understand what’s happening in the field. The talk is to everyone who owns a home, but it also applies to landlords. Branson states that people tend to get selective when it comes to choosing products, and this is why he believes that the increasing number of people buying homes is causing the physical space requirements of their houses to decrease. This could eventually be an issue for commercial real estate.

The Real Estate Deal That Could Change The Future Of Everything – Ben Miller

In this talk, Ben talks about how he rebuilt his business following the 2007/08 crash and how technology will affect the way people buy and sell real estate in the future. He believes that innovation can change the way people think about investing in the industry. This talk is very interesting because it shows that if you’re willing to work on a revolutionary idea, then you can make a difference in the industry. It also provides insight into the future of real estate.

The Four-Letter Code to Selling Anything – Derek Thompson

The ability to sell is very important to your success in real estate. Besides selling properties, you also need to understand how to effectively communicate with clients and sell yourself. This is done through your interactions with potential buyers and your reputation within the community you serve. Derek Thompson, an editor at The Atlantic, provides a four-letter code that will help you sell anything that you can think of. This will allow you to effectively negotiate a price for a property that you’re interested in, or convince a seller to give you their listing.

The Skill of Self Confidence – Dr. Ivan Joseph

In this talk, Dr. Ivan Joseph asks listeners to think about the successful real estate agents they know. He talks about how while they likely don’t share physical characteristics and they’re all from different backgrounds, they all likely share one thing: their ability to be confident in themselves. According to Dr. Joseph, the best real estate agents aren’t naturally confident – they master their confidence like they would any skill, meaning you can do it too.

This article was originally published on KevinBrunnock.com

Worthwhile Real Estate Podcasts For 2022

Having a job in real estate means always being on the go. You likely won’t find the time to catch up on the latest real estate news or educate yourself on the latest trends in order to improve your business. A great way to keep up with everything going on in the world of real estate and perhaps learn a thing or two is by listening to real estate podcasts. Many successful individuals in the real estate industry have taken it upon themselves to create podcasts in their spare time as a way of discussing something they’re passionate about, and hopefully help other like-minded individuals out along the way. Here are a few of the most worthwhile real estate podcasts to check out in 2022.

The Massive Agent Podcast

The Massive Agent Podcast, created by Salt Lake City realtor, Dustin Brohm, is a great way for agents to get the most out of their marketing efforts. He offers a variety of advice and ideas that are geared toward helping them level up their game without the need for trial and error. He also runs a variety of programs, including one-on-one coaching and training on Facebook Advertising.

Real Estate Rockstars: With Pat Hiban

Pat Hiban is commonly considered to be the Joe Rogan of real estate podcasts by many within the industry. With over four million followers and a vast amount of downloads, it’s easy to see why he’s regarded as one of the most prominent individuals in the industry. Hiban was an early adopter of podcasts and was able to greatly influence the way other people communicate with each other. Pat’s Real Estate Rockstars show, which started in 2005, has managed to bring the best of the industry to listeners. It features interviews with some of the most prominent individuals in the industry, as well as deep dive into the latest strategies and technology. While there is a lot of content to sift through, agents will most likely find value in listening to Pat’s archived interviews with some of the industry’s best agents.

Kevin Ward’s YES Talk

If you’re feeling like you’re running out of energy after a long day of selling homes, then listening to Kevin Ward’s YES Talk is a great way to get back on track. He’s able to help people tap into the excitement of the industry by providing them with a variety of strategies and ideas that will help keep them motivated. In addition to being able to provide a variety of advice and ideas, Kevin also makes sure that his listeners are able to keep up with the latest trends in the industry.

CarrotCast With Trevor Mauch

Trevor Mauch, the CEO of Carrot, provides great ways for real estate agents and investors to get the most out of their tech skills in this podcast. He’s able to help them improve their online presence by providing them with a variety of advice and ideas that will help them keep up with the latest trends in the industry. Whether you’re working in a specific niche or not, Trevor has a podcast episode that will appeal to your interests.

This article was originally published on KevinBrunnock.com

The Most Worthwhile Books For Real Estate Agents In 2022

Whether you’re a successful real estate professional or someone just starting out, there’s always going to be something new to learn about the industry. One of the best ways to go about furthering your real estate knowledge is to read a few great books on the subject. A myriad number of books have been written by successful real estate professionals discussing their triumphs and their losses, as well as generally trying to educate the next generation of real estate professionals. Here are a few of the most worthwhile entries.

The Transformational Consumer – Tara-Nicholle Nelson

In this book, Tara-Nicholle Nelson explains how to turn one-time sellers and buyers into lifelong clients. She says that doing so will allow you to forge a strong relationship with them, and it’s easy to implement, but the execution can be a bit challenging. Nelson holds a Juris Doctor and a master’s degree in psychology from Berkley, and she worked as a vice president of marketing for some of the world’s biggest tech and athletic brands, which is what really makes the book worth your time.

16 Strategies For Sale – Sean Moudry

One of the foremost experts on how to leverage one’s unique personality to achieve success in sales, Sean Moudry has spent years studying various personality types and tests. In his book, he shares 16 strategies that will help you find success in real estate (and any other sales position). While there is no “perfect” sales personality, he also shows that there are many ways to develop one’s own unique gifts to achieve success in the industry.

The Millionaire Real Estate Agent – Gary Keller

If you’re looking to earn a million dollars next year, this book is for you. Many new real estate agents don’t realize that most of their hard-earned commission doesn’t go into their pockets. This book gives you a comprehensive economic blueprint that will help you minimize your expenses and maximize your take-home pay. If you’re a new agent, this book should be on your reading list. It’s full of step-by-step instructions and diagrams, as well as many “how-to” lessons.

Shark Tales – Barbara Corcoran

If you’re planning on starting a real estate firm or team, then Barbara Corcoran’s “Shark Tales” is a must-read. In this book, she shares her amazing story of growing up poor in a large family and eventually becoming one of the wealthiest real estate professionals in New York.

This article was originally published on KevinBrunnock.com

What is a Mortgage Rate?

A mortgage rate is determined by various factors, such as your credit score. Having a higher score can make you more likely to receive a favorable rate. Other factors such as the 10-year Treasury yield and inflation can also affect a borrower’s rate.

Your mortgage interest is a part of your balance. As you pay off your loan, it will gradually increase to a certain percentage. As the loan’s amortization period approaches, more of your payment will go toward the principal, while the remaining portion will go to interest.

Your monthly mortgage payment will remain at around $1,610 throughout the 30-year term. However, for the first payment, $360 of that will be applied to the principal, while $1,250 will be applied to interest. Around year 16, those proportions change, and around $807 of that will be applied to the principal, while roughly $803 will be applied to the interest. As the loan is fully paid, your payment will gradually decrease and increase, until the balance is completely erased.

Let’s say you’re planning on buying a home with a 20 percent down payment. For instance, a 30-year mortgage with a fixed rate of 5.16 percent would allow you to make a monthly payment of $173.

The annual percentage rate, or APR, is the cost of your mortgage that’s included in the loan’s total cost. It’s different from the interest rate because it includes fees and other charges. Although it’s a percentage, it’s still higher than the interest rate.

Although mortgage rates can vary from one lender to another, what’s considered “good” can change over time. To find the best rate, it’s important to compare multiple offers and take the time to thoroughly research each one. One of the most important factors that you should consider is to get at least three quotes from different lenders so that you know which one will give you the best rate.

Before you apply for a mortgage, it’s important that you maintain a strong credit score. Doing so can help boost your credit utilization ratio and lower your credit limit. Other ways to improve your credit score are paying your bills on time and reducing the ratio of your credit to your credit limit.

One of the most important factors that you should consider is to get at least three quotes from different lenders so that you know which one will give you the best rate. Having a record of your work history can also help determine if you’re a good candidate for a mortgage.

One of the most important factors that you should consider is to set aside a portion of your income for a down payment. This can help you lower the interest rate on your loan. You can also establish a savings account to boost your savings.

A study conducted by Freddie Mac revealed that it can save you up to 10 percent on a 30-year mortgage by comparing offers from different lenders.

If you’re not able to get a credit score that’s high enough, consider getting an affordable mortgage with a low credit score. An FHA loan can have a lower interest rate than a conventional one.

A good mortgage broker can help you find the lowest interest rate and negotiate a better deal. He or she can also help you get the loan that’s right for you.

If you’re planning on staying in your home for a long time and won’t be able to refinance, you can opt for a point, which is a fee that can be reduced by up to 1 percent. Each point typically costs around 1 percent of the loan amount, and it can reduce your rate by about 25 percent.

If you’re still able to make a mortgage payment, you can deduct the interest that you’re paying on the first $750,000 of the loan. If you bought a home before December 16, 2017, you can also deduct the interest that you paid on the first $1 million of the home. This applies to the purchase that was made before April 1, 2018, and it was completed before the end of 2017.

Before you start taking a deduction, it’s important that you talk to an experienced tax professional to determine the exact details of the deduction.

Tips for Buying a Home without a Realtor

It can be more challenging to buy a home without an agent than it is with one. You’ll also have to take on more responsibilities.

Having a real estate agent can help you find the perfect home. They can provide you with the necessary information about the market and the features that are available in the area. Having an agent helps you find the right home and negotiate the lowest possible price. They can also help you find properties that are within your budget.

Negotiating is a skill that real estate agents can teach you. If you’re planning on buying a home without an agent, you might have to negotiate a higher price than you want to pay. Having a buyer’s agent negotiates on your behalf will allow you to get the best possible deal.

Before you start the process of buying a home, it’s important that you have the necessary skills to manage the various documents involved in the process. Having a real estate agent can help you keep track of all of the details of the transaction.

When it comes to buying a home, working with multiple experts is often the best way to make the process easier. A real estate agent can help you find the right professionals.

Without an agent, you’ll also have to research various businesses and services on your own. This can lead to poor work and higher chances of getting stuck with a poorly-executed deal.

If you’re planning on buying a home without the help of a real estate agent, below are some of the steps that you’ll need to take to complete the process.

Getting preapproved is the first step that you’ll need to take when it comes to buying a home. This is a process that allows you to find out what you can afford and show the sellers that you’re serious about the deal. Having a preapproval can also help you avoid buying a home that’s outside your budget.

You can get an approval for a home loan through Rocket Mortgage, an online tool that allows you to see how much home you can afford. After answering a few questions, we’ll then check your credit and provide you with the necessary information to make an informed decision.

Before you start the process of buying a home, it’s important that you have the necessary skills to manage the multiple documents involved in the process. Having a real estate agent can help you find the right home. Before you start the process of buying a home, it’s also important that you have the necessary information about the market.

Before you start the process of buying a home, it’s important that you have the necessary skills to search for the perfect location. You can also narrow your search by neighborhood to find the perfect home.

After settling on a neighborhood, it’s time to start searching for homes on the market. Before you start looking for a home, keep in mind that there are many options that are within your budget.

You can also visit a home that you like online, provided the conditions allow. Most websites provide a variety of information about the property, such as the owner’s phone number or a list of upcoming open houses.

Before you start the process of buying a home, it’s important that you have the necessary skills to search for the perfect location. Also, take a look at the condition of the property. This will allow you to make an informed decision when it comes to pricing.

A seller’s disclosure is a list of known issues that the property has. This type of information can also help buyers identify potential problems with the home.

The seller is also responsible for only providing you with the information that they know about the property’s issues. However, they might avoid doing so if their state doesn’t require them to do so.

In most states, a seller’s disclosure regarding lead-based paint is required. This type of information is required for homes that were built before 1978.

In many states, however, a seller’s disclosure is not required under a so-called “caveat emptor” approach. This means that the buyer can ask the seller about specific issues.

Before you start the process of buying a home, it’s important that you have the necessary skills to search for the perfect location. Some of the questions that you can ask the seller are: Do you know about the home’s asbestos, and if there are any problems with the electrical, plumbing, and heating systems?

After you find a home that you like, it’s time to make an offer. However, before you make an offer, it’s important that you consider the various factors that affect the price. Some of these include the length of the home’s current market, the price of other properties in the area, and the condition of the home.

You should also consider the various concessions that the seller is willing to give you. These include the possibility of receiving cash back or a discount on the purchase. You should also have a copy of their mortgage preapproval letter.

Unless the home is for sale by owner, you’ll need to negotiate the terms of the offer with the seller’s agent. If the property is for sale by owner, you can make an offer directly to the seller. If the seller accepts your offer, you can then dispute or counteroffer.

Tips for Buying a Home in 2022: Part 1

by Kevin Brunnock on  in Kevin Brunnock | Real Estate

Choosing the right real estate agent and lender can make a huge difference in your home buying experience. They can help you save money and stress levels, and they can make the buying process easier. Before you sign anything, make sure that the real estate agent has the necessary expertise to help you. During the initial meeting, they should talk about your goals and needs, and they should also review some of the home options that are available to you. You should also be able to have a conversation with the lender to discuss their concerns.

Getting too fast can also have negative effects on your home buying experience. For instance, when Stuart Jones was looking to buy his first home in Philadelphia, he decided to purchase a three-bedroom airlite row house instead of a traditional one. After securing a loan from an acquaintance, Jones didn’t ask any questions and signed the contract without any concerns.

Jones recalls the first red flag that she noticed when it came to buying a home. Her lender told her that he wouldn’t work with her if she used his realtor. Another red flag that she noticed was the real estate agent’s failure to provide her with the necessary paperwork. He didn’t have the necessary documents to make an informed decision.

According to Jones, his real estate agent also failed to provide him with a specific request from the seller. This issue violated his duty to provide him with the best possible service. After he narrated his experience to a real estate agent, he decided to ask for a second opinion. He said that he was shocked by the contrast between the services offered by a good agent and those of a poor one.

Before you hire a real estate agent, make sure that you have the necessary recommendations from your local community. You should also ask for interviews with other potential agents. The right one should also present you with a buyer agreement, which guarantees both of your financial interests.

According to LoanDepot’s Jesus Cruz, the most important characteristic when it comes to choosing a lender is honesty. He said that a good loan officer will take the time to explain the process and will follow through with the promised results. It took Stuart several weeks to legally withdraw from his contract with the agent. He was already locked in, and he didn’t have the necessary space to negotiate.

A good real estate agent can also help you avoid getting carried away by your dream home. He or she can guide you through the process and make it easier to find the perfect home. Most first-time home buyers fail to find their top choice. Having a flexible mindset can help you find the home that fits your needs and budget. Before starting your search, it’s important that you rank the features of the homes that you’re interested in.

Tips for Buying a House in 2022: Part 2

by Kevin Brunnock on  in Kevin Brunnock | Real Estate

If you’re not able to find a home in a particular market, then it’s important that you consider an alternative location. This will allow you to get an advantage by researching new construction and infrastructure projects in the area.

Permitting for residential work can also help you get a deeper understanding of the current state of commercial development in your area. It can also help you save money by allowing you to get a discount on a home. You can also find this information through your local county or city website. Although real estate contracts are usually written in stone, they can be changed at any time. Before you submit an offer, make sure that you have the necessary details in mind. Also, if the offer does not meet your needs, you can ask for a modification. Ask for an explanation and consider the advice of an experienced agent.

Before you start negotiating, make sure that you have the necessary contingencies. These include the number of inspections that can be performed and the time frame that they can be done. The agent for Jones failed to explain the contingency elections in his contract. This issue prevented Jones from negotiating. It’s also important to be aware of the terms of the contract before signing it. Even if something goes wrong, you still have to abide by it.

Before you start an inspection, it’s important to thoroughly examine the home to make sure that it’s in good condition. However, if there are issues that you do not want to deal with, then you can always negotiate.

On the other hand, home inspectors are not always as foolproof as they think. They might not be able to spot potential issues or mistakes during the inspection. If you’re in a hot market, then it’s important that you enlist the help of a licensed building and systems consultant to inspect the home. This will allow you to get a deeper understanding of the building and systems.

Although the 20% down payment is usually a good idea for first-time home buyers, it can be a bit challenging for some people. According to Cruz, many clients who are new to homeownership often mistakenly believe that 20% down is required to purchase a home.

Although private mortgage insurance can be a major expense, it’s usually not a major issue for most people. According to Cruz, it can be reduced to around $125 a month depending on your credit score. Also, since the rate is based on your credit score, it can be lower if you have good credit.

Aside from having to put down a larger down payment, delaying the purchase can also increase the risk of not being able to save enough for a bigger down payment. Even if home prices continue to stay flat, mortgage interest rates are expected to rise due to the Federal Reserve’s expected rate increases.

Before you start looking for a home, it’s important that you have a clear path to the purchase. Having a budget can help you avoid getting tripped up when you find the perfect house. Also, before you commit to homeownership, make sure that you’re still interested in becoming a homeowner.

Social Media and Real Estate

on  in Kevin Brunnock | Real Estate

For real estate agents, there are many platforms that they can use to connect with their customers and grow their businesses. These include Instagram, Facebook, and TikTok. We’ll talk about how to use each platform and how to create content that’s both informative and entertaining.

Facebook is a great tool for real estate professionals to market their services and connect with their clients. It has a variety of features, such as targeted ads for local listings and a built-in messenger.

Instagram is also a great platform for real estate agents to create a business account and connect with their potential clients. They can also include contact buttons so that their potential clients can send them messages and emails.

Most real estate blogs provide basic demographic information about the area, but they don’t provide enough useful information to help potential clients make an informed decision. Instead, use social media to provide them with a deeper understanding of the markets that you serve.

Instagram is also a great platform for real estate agents to post photos of their properties in the area they’re currently marketing.

Cities often have a “CityOf…” Twitter handle, which can be used to promote their properties. These accounts are usually receptive to shout-outs and will retweet posts from other users. Use social media to let your personality shine through and connect with your clients. It’s a great way to start a dialogue before they even call.

Many real estate agents hire a ghostwriter to create their marketing copy, but this approach doesn’t give their clients a sense of who they are. According to studies, consumers want to connect with their real estate agents in a personal way. There’s no quick fix to creating effective social media content that fits with who you are as a real estate agent.

Sometimes, the most challenging days of being a real estate agent can be the best lessons that we can share with our clients. Having the necessary knowledge about common real estate mistakes can help make your buyers more informed and secure their future.

Social media is a great way to promote your blog and share useful content about home-buying tips. In today’s world, home buyers are more likely to ask real estate agents questions online instead of calling them directly. This is a great opportunity to start a dialogue with potential clients who are in the early stages of their buying process.

How Rental Real Estate Depreciation Works

by Kevin Brunnock on  in Kevin Brunnock | Real Estate

Depreciation is a tool that rental property owners can use to reduce their taxes. It allows them to deduct the costs of buying and improving their property over its useful life.

Aside from being a great financial move, investing in a rental property can also provide a steady source of income. It can also help build equity in the property as it appreciates. Another benefit of investing in a rental property is that it can easily deduct its rental expenses.

Most of the expenses that rental property owners face are deductible in the year they spend the money. These include mortgage insurance, repairs and maintenance, home office expenses, and travel expenses.

One of the most commonly used tax deductions for rental property owners is the allowance for depreciation. This process allows them to reduce their taxes by taking advantage of the property’s useful life.The IRS has specific rules regarding the depreciation process. It’s important that rental property owners understand this process before they start using it.

The useful life of a property is defined as its lifespan, which means it can last for a long time. It can get used up, get decayed, or lose its value due to natural causes. Although land is considered a valuable asset, it can’t be depreciable since it never gets used up. Also, it’s not possible to deduct the costs of landscaping and clearing. You can start taking depreciation deductions on the property as soon as it’s ready to be used as a rental.

On May 15, 2019, you buy a rental property. After working on it for several months, it’s ready to rent on July 15. Once it’s placed in service, you’ll start to realize the full depreciation of the property in July. This period usually starts in September and ends in December.

If you no longer use the property as an income-producing asset, then it’s no longer in service. You can either sell it or convert it for personal use. If the property is idle or not in use, then it can still be claimed as a depreciation deduction. For instance, if you make repairs after a tenant moves out, you can still deduct the expenses related to the repairs.

The total amount of depreciation that you can deduct each year depends on the various factors that affect the property’s value.

The IRS uses a method known as the modified accelerated cost recovery system to determine the useful life of a rental property. This is the amount of time that the agency considers the property to be useful.

Before calculating the amount of depreciation that you can deduct, it’s important that you work with a qualified tax professional.