Posted by Daniel Beer on Tuesday, August 4, 2020 at 11:33 AMBy Daniel Beer / August 4, 2020Comment
I am amazed still at how much we see people leasing solar.
If you have a solar lease right now, don't worry because you are not alone. We come across homeowners that choose this option all of the time because they just didn't know...
Here's why I encourage you to purchase solar instead of leasing it whenever possible:
The payment on a lease is typically the same as financing the purchase payment. I understand that not everybody can purchase the solar upfront with cash, but the financing on solar versus a lease payment can pretty much be the exact same thing.
You receive tax credits when you purchase.
It makes it easier to sell the home. When you go to sell the home, you’re not asking your buyer to qualify for the mortgage payment AND a separate lease payment.
Reputable solar companies offer excellent warranty programs. One of the main reasons people opt for leasing, is because the solar leasing agent convinced them it was way more convenient not to own it because then they are responsible for the maintenance and blah blah... DO NOT GO THERE. Purchase solar from a reputable company with a warranty program.
So when you’re faced with the option of purchasing versus leasing solar, make sure you buy.
I’m Dan Beer with the Beer Home Team at eXp Realty and these are the kinds of things that we'd like to expose to homeowners. We'd like to expose the truth…
In fact, that's why I wrote the book, Real Estate Exposed, which was reviewed by New York Times bestselling author, Harv Eker. If you'd like a copy of the book, just go to www.REExposedBook.com and reserve your free copy.
So, picture this: You’re getting ready to sell your home and you’ve got this incredible chandelier in your dining room that you want to use to wow your buyers. The catch is that you aren’t leaving it behind. This is a common problem faced by today’s sellers and, in truth, you really shouldn’t show off any fixtures you don’t intend to include with the home. Doing so could make buyers feel misled and cause tension during negotiations. A buyer would never otherwise ask for such a fixture, so don’t cause undue stress and ill will by giving them the idea in that it could be theirs, to begin with.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
Contingent offers have been popping up a lot in our market, so I want to clear up a few myths and misconceptions you shouldn’t believe about this type of offer if you’re a seller and you receive one.
First of all, they’re not always bad. Sometimes, they can even work to your advantage, although each situation is different.
Obviously, a contingent offer that’s dependent on the sale of another home can be a disadvantage because it involves something that’s out of your control. That offer, for example, could depend on a home that’s not even on the market yet, or one that’s located in a neighborhood that doesn’t support its price point.
When you get an offer on your home, how can you make sure the buyer is qualified to close on it?
It’s important to check their finances and make sure they’re pre-approved, but you also need to understand who that buyer is. Where do they live? What do they do for a living? What kind of person are they? Are they easygoing or will they be really nitpicky when it’s time to do the inspections?
When we look at deals that fall out of escrow, it’s usually because of some kind of discrepancy involved—especially in a competitive environment. When inventory is low, buyers are more apt to squeeze themselves into a home that doesn’t really fit them. In this case, there’s a much greater probability of them eventually realizing that they’re not buying the right house and canceling escrow.
After selling over 1,000 homes, I want to share some of my thoughts and experience regarding how we think about a home inspection when representing sellers and what to expect throughout the process. This will ensure that you aren’t disappointed, you don’t let value erode, and you don’t make a short-sided decision at the expense of long-term value.
When a buyer is doing their inspection, we don’t want to allow them to negotiate what was already visible to them when they first came to the property. In other words, your agent needs to protect you from the other party trying to negotiate extra money to paint the home or change the carpet after the inspection. If the carpet was damaged in an area that wasn't visible during the showing or the paint was, that’s a different...
Our big movie night is just around the corner. We’re giving you two free tickets to one of the biggest films of the year, Rocket Man, on its opening Saturday night, June 1, at 7:00 p.m. This movie, starring Taron Egerton, is based on the story of Elton John, and it’s going to be one of the best films of the year.
If you want two free tickets, popcorn, soda, giveaways, and more, all you have to do is register here.
Right now, the real estate landscape is ideal for those looking to downsize. Meanwhile, the market we expect to see in the near future will be great for upsizing.
Depending on your goals, timing your move to correlate with current conditions may allow you to leverage our market to your advantage. Allow me to explain:
Leading experts believe there will be a 6% to 8% correction each year for the next three years, meaning the total correction at the end of that period will likely be between 18% and 24%. If you’re in a $1.2 million home, a market correction of even just 10% over three years would equate to a $120,000 equity loss over that time. In other words, downsizing soon is something you may want to consider.
"Timing your move to correlate with current conditions may allow you to leverage our market to your...
We know that the majority of home sellers out there are looking to go through the traditional selling process in order to maximize their sale.
What about those who need a quick, convenient, all-cash sale, though? The majority of people in this situation aren’t under any kind of financial hardship. Rather, they oftentimes have an opportunity they need to take advantage of that requires them to bypass the traditional home selling model.
That quick cash, of course, comes at a bit of a market discount. But if you’re wondering why someone would accept this market discount, the truth is, you’ve probably done the same thing yourself—just not with a home.
For example, think about anyone who’s ever sold their car to Carmax instead of, say, listing it on Kelly Blue Book. Even though they probably would’ve gotten more money by selling it the traditional way, they opted for a quick, easy transaction. I’ve even done this myself.
In truth, there are so many moving parts that go into taking a real estate transaction from start to finish that having an entire team of professionals working on your behalf is essential.
We at the Beer Home Team are always hard at work helping buyers and sellers like you reach their goals, and today we wanted to give you a behind-the-scenes look at our office life to show you where the magic happens. You can follow along in the video above to see for yourself.
Teamwork is everywhere you look in today’s world. Whether it’s at the dentist’s office or on the golf course, teams of people working together are proven to be more effective than individuals working on their own. Even solo activities will often require support. Professional golfers may play alone, for example, but they have coaches, caddies, and many other people on their side at every step of the way.
So many home sellers are conditioned to think that VA buyers are somehow inferior because they’re buying with 0% down, but you shouldn’t adopt this same attitude. While other home sellers continue to ignore these buyers, you can sell quickly and with minimal hassle by dealing with them.
There are three reasons, in particular, you should consider doing business with a VA buyer.
First, they are very real and very motivated. A VA buyer moving to San Diego because they’ve been stationed here is moving here and moving now. They’re literally ordered to live here, so they’re not messing around about buying a home.
Second, their pre-approval is rock solid. Their job isn’t disappearing and their income isn’t changing, so you don’t have to worry about either of these pitfalls potentially putting the transaction in jeopardy once you’re in escrow. A VA loan that gets pre-approved is genuinely pre-approved and ready to go.
Now that we’re at the top of our real estate cycle, you may want to unlock the equity in your real estate investments.
We’ve recently learned about using a deferred sales trust in order to sell your property, unlock your equity, and even create a cash flow, all without having to reinvest in another asset (unlike what is required with a 1031).
"We’ve decided to host an upcoming workshop to delve deeper into using a deferred sales trust."
After hearing about this fantastic option for investors, we’ve decided to host an upcoming workshop to delve deeper into using a deferred sales trust. We’ll be at UTC, Seasons 52 to learn more from the experts in the business. Space is limited, so RSVP as soon as you can by clicking this link.
Recently, I had a very eye-opening conversation with a local lender regarding the changes going on in our market right now. So as we enter this new market cycle, I thought now would be the perfect time to share some of what I learned from that conversation.
This update will be particularly useful for first-time homebuyers, because recent rate changes could very well disqualify them from being able to secure a home. Why? First-time homebuyers often need to stretch their borrowing potential to its maximum limit. When interest rates rise, as they recently have, their ability to afford a property can easily be nullified.
Thankfully, the market has responded to this. Many starter homes have been discounted by 6% to 9% to compensate for this rate change—making it possible for first-time homebuyers to re-qualify. However, this trend alone isn’t enough.
When it comes down to it, who should you trust to guide you through your real estate goals: an individual agent or a team? This has been a hotly disputed issue for some time now, which is why I’d like to offer some insight into it today.
For as long as residential real estate, as we know it, has existed, there have been individual agents. But now, real estate teams have become increasingly common in our modern market. This is putting tremendous pressure on the individual agents out there—especially those who have clung to traditional models and avoided innovation
In an attempt to retain relevance in the market, individual agents will try to scare you into thinking that big teams aren’t as personable. They claim that with so many people working for a single client, buyers and sellers will lose out on having an individualized experience. This isn’t actually the case.