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“A lot of my work is a matter of reacting to surprises in life.” Alexander Wang

What will the jobs report bring us? If the job market is strong, we may see the bond market yield go up, taking pricing on mortgage rates with it.  If you are thinking about refinancing your mortgage to lower your interest rate, lower your payment, shorten your term or pull cash out to accomplish another project, don’t wait too late and get a negative surprise. 

As we say on the radio show Real Estate Mortgage Shoppe, “Make your plan. Work your plan. If the deal works for you today, let’s do it today.” 

Corelogic HPI reports the highest month-over-month gain we have seen with an 11.3% national rate of appreciation during the month. Corelogic anticipates our 2021 spring housing market will outpace trends we saw in 2019 and 2018.   Millennials make up 54% of home purchase applications over the last year.    The lack of homes available for sale erodes affordability and the costs of new construction.    Catching mortgage rates while they are so low is very important in keeping your mortgage affordable.  

Here are some things to do to avoid unpleasant surprises when you are getting a mortgage:

1. Don’t open new accounts or borrow money during your mortgage process. Mortgage companies check before you close on your loan to make sure you haven’t opened new accounts or borrowed more money from existing accounts.  Don’t cosign for someone else while you are in the mortgage process. 

2. Don’t move money around from one account to another account without checking first with your lender.  

3. Don’t change jobs. Don’t change how you are paid. Don’t convert from the employee status when you get a W2 over to a 1099 subcontractor status. 

4. Double-check with your mortgage officer and your closing attorney for the correct way to wire your funds to closing.  Call the telephone numbers on your home purchase contract to reach your lender and title company, and don’t rely on contact info emailed to you. Avoid wire fraud by taking extraordinary care with where you wire your real estate closing funds.

5. Don’t make changes to the title on your real estate during the loan process before checking first with your lender and the closing attorney.

As a real estate professional or a mortgage professional, you can set up your own “Tips For A Smooth Mortgage and Closing Process” to give to your customers.  You can deliver this to your client in written form or using a short video. Our clients appreciate an overview of the process before they get started. They appreciate these tips that will save them time, money and prevent unpleasant surprises.

Posted On Monday, 10 May 2021 00:00 Written by

Those of you that have worked with me know I am a stickler for vacation time. I push for a minimum of ten days to two weeks consecutive days unplugged, and a minimum of three other long weekends, three to five days, unplugged from your work. I say this from experience; you either unplug, or become unglued!

We all know how stress and drama can appear in our business. So many variables that can come crashing down at any time to sabotage a deal, transaction, or relationship, that going for an extended period of time without disconnecting can ruin more than just your career!

The reality is nobody is a machine! Now more than ever, surviving 2020 and all of the challenges that came with it, shows us the value in recharging our own physical and metal batteries! Vacation is more important as we come out of COVID because so many of us missed all or most of the opportunities to unplug last year and remain very active with massive opportunities! The key is to be sure your system is solid and easy to follow. Consistency and clarity are essential in making it possible for a co-worker or your team members to care for your business as you go away and care for yourself and your family. 

You will often find that preparing for vacation often leads to multiple opportunities right before you leave. I believe the reason is that you are laser focused on all the little details of your business and you don’t waste time procrastinating! You do the work, you do it right, you do it completely, and you move on to what is next. You do this so the person or people around you understand what to do while you are gone! This often leads to improved outcomes! I have always said, if you want to generate more opportunities, go on vacation! If you want to go on vacation, you have to PLAN IT! So sit with a calendar and your loved ones and get a date circled to go. Even if you don’t know where you want to go, even if you aren’t clear on what to do; creating the dates you are going to be gone and scheduling at least one evening a week to work on that plan will help you get it all done!

 Vacations – how winners keep on winning!

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Posted On Monday, 10 May 2021 00:00 Written by
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Posted On Thursday, 06 May 2021 11:58 Written by

Bring it Home® Communities accelerated its national rollout with the introduction of a patent-pending mobile app for brokers and agents.

The innovative app, appropriately named “Before they list,” acts as a catalyst to receive specific information on a property. This social tool is used to gauge interest from other agents in an office, to determine market viability, which can be used by the agent or broker to help generate a listing agreement.

“We know that inventory is at an all-time low, and we want to provide the latest technology to assist in generating new listings,” explains John Giaimo, President and CEO of Bring it Home® Communities. “Creating feedback for homeowners on the fence is a great way to provide valuable information to help them reach an informed decision, while following the rules of the local MLS,” Giaimo continues.

In a recent homeowner survey by, 76% of respondents are considering placing their home on the market but are reluctant to do so. In response to the question, “What would motivate them to sell?” 60.2% of respondents stated that “securing their next home before selling would play a factor,” and 16.2% would make the move if they knew their current home could sell for asking price or top market price.

This trend could change should the homeowner receive specific feedback about their property from a network of real estate practitioners.

With shared feedback based on their known and current experience of the local market, agents and brokers have always shared their insights with one another, most notably during office and staff meetings, and through mentoring. The COVID-19 pandemic has made much of this in-person gathering less likely.

“Clearly, many homeowners are on the fence, according to Scott O’Connor of RE/MAX Advantage of Colorado Springs, Colorado.  The Before They ListTM App will allow them to gain timely insight to the sales potential of their property in the current market, and make an informed decision of whether to sell...and at what price".

About Bring it Home Communities

Bring it Home Communities is creating the digital portal of the future for real estate, combining local listings, and integrating brokers, agents, consumers and advertisers in a safe and secure communication environment featuring Veea’s secure, virtual private network (VPN). The Bring it Home solution will support new capabilities such as virtual meetings for brokers, agents, and clients, virtual tours, and virtual open houses with augmented reality capabilities.  Bring it Home’s ad network powered by Ad Persistence™ and Veea's AdEdge advertising platform provides rich media advertising by companies and marketing partners that want to reach home buyers, and Veea’s VPN provides support for online learning and certification for agents and brokers.

Posted On Monday, 17 May 2021 08:27 Written by

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