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Opendoor and Redfin temporarily pulls plug on iBuyer program

Opendoor temporarily pulls plug on iBuyer program.

The spokesperson said the company has been closely monitoring the escalation of COVID-19 over the last few weeks and is mindful of the impact the crisis has had on the communities in which the company operates. Ultimately, the spokesperson said, the priority for Opendoor is the safety and well-being of its customers, employees and the general public.

Redfin pulls plug on iBuyer program. RedfinNow, which generated 40% of the brokerage’s Q4 revenue, was suspended amid coronavirus crisis.

“On March 18, 2020, we announced that RedfinNow, our business that buys homes directly from homeowners and resells them to homebuyers, will temporarily pause making offers on homes,” the company disclosed Wednesday in a filing with the Securities and Exchange Commission.

In a statement, Redfin CEO Glenn Kelman said that the decision was made in response to the ambiguous nature of the housing business right now.

The decision comes at a time when the platform was rapidly scaling. It was live in 13 markets and saw a 407 percent increase in the number of homes sold in 2019, over 2018.

Zillow and Offerpad, were still buying homes as of Wednesday. Selling a house in San Diego to an iBuyer means homeowners can forego the uncertainties of listing a property and never have to worry about prepping for an open house.

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Relocating to Palm Springs

Relocating

Moving has its pros and cons. It is a very stressful process to sell a house you have been calling for years, move to another place, and make new adjustments.

Relocating to Palm Springs and buying a home in Palm Springs gives you a fresh start and start from scratch. You will be meeting new people, have a new environment, and widen your social network. It will also give you to focus on your family as you need to rely on each other as you adjust to your new surroundings. There are also some tax advantages when you sell a property and buy a new home depending on your location.

The market today though does not give you a lot of options. The transaction costs are very high whether you are selling or buying a home. Of course, there is the constact factor of logistical hassles when relocating.

Be sure to hire local Palm Springs Real Estate Agents.

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Tips when buying a luxury home

When your bank account is eager to get its hand on a historic estate, a home next to a golf course, a lake house property, or other luxury home options that you have. Read on since the following tips might help you getting your dream luxury property:

Tap a local expert

You want to work with a local buyer agent who knows the ins and outs of the area. These real estate agents may have access or contacts with luxury home owners or brokers since open houses are a fewer with luxury homes.

Unlisted luxury properties

In order to protect the privacy of their homeowners, luxury properties are often unlisted. You might only be able to checkout these properties through connections of certain realtors. You will also not be able to see them on large real estate websites so digging for info online will not be as easy.

Using your bank connections

If you are planning to purchase a luxury home, your best choice is to work with a bank which has your portfolio for some time now. You also need to know the big difference between pre-qualification notices and pre-approvals.

Look beyond the photos

Do not be satisfied with the nice photos your agent will show you. Ask that you need to see the property personally. It might also help to check the surroundings via Google earth.

Document everything

Make sure that you have a complete financial documentation. If the work is too difficult for you, hire an accountant or a lawyer to make sure everything is on black and white.

Look ahead

Make sure you know what development plans are to pop around the area. You might not enjoy the seclusion you want if a resort is soon to come nearby. Also know the timelines like if there will be construction delays so you can plan out the finances well.

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What not to do when house hunting

Here are some practical real estate tips when you are searching for that new home:

Don’t go by yourself and let your realtor do the work

It is not a safe thing to do to pick your phone up, contact the seller, and visiting the property by yourself. You might just end up looking at several properties that do not really fit your finances. If you go alone, the seller will have an impression that he has the bargaining power since you do not have a professional to help you out. Let your realtor research the property you want to check into.

Do not rush

Take your time when checking out houses. You can linger when you think you like the place and know all the details that you want to know about the property.

Use one car when doing a property tour

Meet up with your realtor and use one car when visiting target properties. This way no one will be lost, you can have enough time to go around the houses, and you will be able to give feedback to your realtor so the search can be trimmed down on your ideal home.

Say anything to your realtor

Your real estate agent will be showing you different houses and not his or her own house. If you like a certain property then that is great but if you do not like some houses then you can tell them straight. Do not be afraid to voice out since you will not offend them at all. You need to tell them any concern that you have in mind and this way you will have a better communication with your realtor.

No trash talking

Hold your trash talk when doing a tour around a property. The seller might say they will step out so you can discuss things with your realtor but in fact most of the time, the seller is just nearby to listen to the things you say. Bad mouthing might have you on an uphill battle in case there are multiple offers for the house that you like.

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Tips and Tricks To Overcome Cold Calling Fear!

One of the hardest things I think for a real estate agent to do is go through cold calling.  Cold calling a client or a bunch of clients is definitely not easy but it is something that everyone in the sales market or in a sales job has to do.  It might be uncomfortable but that is what we are here for – to make sure that you are comfortable in cold calling.

Firstly, you want to make sure that the daily goals that you set for yourself are something that you can actually meet or exceed, as that alone can make unwanted and needed stress regarding cold calling.  Start small and grow as you gain more experience and get better at cold calling.

Next, list some benefits that your clients will get when they work with you – also make sure to go into detail about your skill set, as that is something that will help you in the long run.

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