One of the most popular parts of this weekly blog post is when I write about the information and feedback that I get directly from the street about what is working and what is generating results. I always appreciate the feedback and the comments because they help me share with you the actual results from the strategies and concepts I talk about daily with my clients. First on the list must go to the power of the fully documented preapproval. By doing the work up front to collect and verify all the documentation necessary to approve the borrower for a specific monthly payment, buyers can make their best possible offer and sellers can be comfortable knowing that this deal will close quickly and smoothly! This past week, I had one client have SEVEN clients make offers on properties in a highly competitive market, and six out of the seven offers…
Posted On Monday, 22 May 2023 00:00 Written by
U.S. home prices are down 2.7%, the smallest decline in over a month, and prices are dropping in fewer metros The median U.S. home-sale price fell 2.7% during the four weeks ending May 14, the smallest decline in over a month. That’s according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage. Monthly mortgage payments hit a record high due to still-high prices and elevated mortgage rates. On a local level, home prices are declining in 28 of the 50 most populous U.S. metros, down from a high of 32 metros at the end of April. That’s a reflection of a mismatch between demand and supply propping up prices. Pending home sales are down 15% from a year earlier, but that’s much smaller than the 24% decline in new listings.
Today’s elevated mortgage rates continue to discourage homeowners from selling; nearly all of them have…
Posted On Sunday, 21 May 2023 06:53 Written by
Jim Fite is an accomplished entrepreneur, sales professional and business owner with decades of experience. His journey began when he started his first business at the young age of 18. Since then, Jim has created, led and participated in multiple organizations. These organizations include companies, boards and non-profits. Through his involvement in these ventures, Jim has gained a wealth of knowledge and expertise in business management, sales and entrepreneurship. Today, Jim is a sought-after speaker who has delivered inspiring talks to thousands of businesses and sales professionals across the United States. He is also a coach, mentor and consultant to many successful business owners, helping them achieve their goals and reach new heights of success. Jim's most significant achievement is his role in Judge Fite Company, which he purchased with his sister, Jan Fite Miller. What began as a small real estate company with eight people has since grown into…
Posted On Thursday, 18 May 2023 00:00 Written by
Going into business of any kind always proves to be a complex endeavor, one that requires a balance of anticipation, communication, and perseverance to succeed. Unfortunately, many newer and more seasoned business owners have a fear of failure that inhibits them from finding or even continuing the success of their organization. As a business leader, the fear of failure is truly a debilitating experience, so much so that it can ultimately cause failure, believe it or not! Although the feeling of fear is a primordial human instinct for basic survival, allowing it to dictate your decision making in our contemporary business world leads to the fulfillment of that fear.
My goal throughout my career has been to help alleviate the fears that business leaders feel regularly. In doing so, I have formed an outline of the most common reasons that businesses fail. In doing so, business leaders can then develop an Anticipatory mindset that more easily overcomes what…
Posted On Tuesday, 16 May 2023 00:00 Written by
2020 and 2021 are over. Rates are no longer in the 2% range and property values are not climbing at 20%+ year over year. Loan opportunities are not falling from the sky, and sellers aren’t calling agents all day every day asking how much they could get for their house! Rents aren’t screaming higher faster than home prices, and all cash investors are picking up single family homes if the cash flow warrants the deal. Otherwise, if you want a deal, you must go out and get it because it won’t just come to you! The funny part is many lenders and agents think we are still in pandemic mode. Nobody wants to go to the office and work. Once popular meetings for agents by local real estate boards have been reduced or eliminated in many parts of the country, how many people get out and engage the public and…
Posted On Monday, 15 May 2023 00:00 Written by
Engaging social media posts with humor can boost audience interaction. Try adding a funny twist to your posts. A humorous approach can make your brand's social media stand out from competitors. Subscribers to Realty Times' daily cartoon service get a custom real estate comic strip delivered by email five days a week. This can provide quick, amusing content for social media. Licensing service starts June 5th, 2023, with flexible monthly or annual plans of $9.99 per month or a $99 yearly subscription. The cartoons could give your followers something to chuckle at! Cartoons may be included on your Website, Newsletter, Print advertising, and video media.   To be added to our waitlist or for more information, please contact This email address is being protected from spambots. You need JavaScript enabled to view it.  or Register HERE 
Posted On Saturday, 13 May 2023 05:20 Written by
National Association of Realtors® Chief Economist Lawrence Yun presented an overview of U.S. commercial real estate Tuesday as part of the 2023 REALTORS® Legislative Meetings. Yun emphasized challenges facing the commercial real estate market brought on by tightening lending policies among many small and regional banks, which have been a key source of commercial loans. Still, due to continuing U.S. job gains, net absorption has been mostly positive nationwide, Yun said, with the apartment, industrial and retail sectors helping to keep the industry relatively stable.  “The performance of commercial real estate markets will vary across the country,” Yun projected during Tuesday’s Commercial Economic Issues and Trends Forum. “Markets with strong job gains will naturally hold on much better, while those with weaker job conditions will struggle to raise net occupancy.” Yun said America’s apartment sector recorded 116,000 net positive absorptions in the past year, while the industrial and retail sectors added 361 million…
Posted On Thursday, 11 May 2023 06:03 Written by
Artificial Intelligence (AI) when combined with Machine Learning (ML) and Applied Pattern Recognition Technology, can significantly outperform the actual lottery results! The Players Edge Lottery Picks™, using advanced AI, machine learning, and applied pattern recognition technology, has predicted back-to-back Powerball® and Mega Million® jackpot winning numbers for May 5, 2023, Mega Millions® drawing and May 6, 2023, Powerball® drawing with outstanding results in all prize categories especially when compared to the actual Lottery results as follows: Our documented evidence for the May 5th Mega Millions® and May 6th Powerball® drawings shows that Players Edge predicted 3 First Place jackpots, 20 Second Place Million-dollar prizes, 149 Third Place, and 3,244 Fourth Place with a combined dollar value of these results substantially outperforming the actual Lottery results, wherein the same timeframe, Powerball and Mega Millions combined sold 0 Jackpot winners, 1 Second place prize winner, 20 Third Place prize winners, and 469…
Posted On Wednesday, 10 May 2023 06:45 Written by
Posted On Wednesday, 10 May 2023 00:00 Written by
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