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Jay Pitts breaks down what's making news in the world of real estate and what it means for the industry in this raw and unfiltered podcast.
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What is Slight Edge Decision?
🏠 A slight edge decision is an unconscious decision that’s usually the wrong choice. When your kids are acting out, your immediate response would most likely be to snap at them or raise your voice which is the slight edge decision, but what you should do is talk to them calmly. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
What is Property Management?
🏠 Property management is really dirty work. It's contract work with projected income that's incredibly reliable, but you make a fraction of what you make in a sales transaction. Real estate sales is low volume and high margin. Property management is high volume and low margin. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Home Sellers Must Be Perfect 🏠💯
🏠Homes aren't selling like they were 6 months ago. If your listing isn't selling and you've already lowered the price, you need to remove all barriers to selling. Sellers must be perfect because the power is in the hands of the buyer right now. Fix the small issues and you could be on your way to pending. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Social Media Tips for Real Estate Agents
🏠The best ways to get engagement from your sphere is to push out content, and to also comment and interact with other people's posts to make them more likely to interact with yours. Everybody wants to pay attention to who pays attention to them. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | Should I sell my property before buying a new one?
🏠 When it comes to real estate, timing is everything. If you're thinking of selling your property in order to purchase a new one, there are a few things you need to take into consideration. You need to make sure that your current property is in good condition and is likely to sell quickly. If not, it's worth waiting until it is. You also need to consider the current market conditions. If the market is booming, it's a good time to sell as you're likely to get a good price for your property. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | What does it mean to be pre-qualified for a loan?
🏠 When you're ready to buy a home, one of the first steps you'll take is applying for a mortgage. Before you begin the application process, though, you'll need to get pre-qualified for a loan. This means that a lender has evaluated your creditworthiness and believes that you're a good candidate for a loan. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | What do you look for in a good investment property?
🏠 When it comes to real estate investing, there are a number of factors to consider in order to ensure a good return on investment. One of the most important factors is the location of the property. Choosing a property in an up-and-coming neighborhood can provide a higher ROI than a property in a more established area. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | What does a mortgage company look for in job history?
🏠 A mortgage company typically wants to see a steady work history with no major gaps in employment. They also want to see that you have experience in the real estate industry, whether that be through previous jobs or through educational coursework. They will often look at your credit score and your debt-to-income ratio to get an idea of your financial stability. All of these factors play into whether or not a mortgage company will give you a loan. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | When should you reach out to a real estate agent?
🏠 Agents can help you to identify suitable properties and arrange viewings. They also can provide invaluable assistance throughout the process of buying, selling, or renting property. It is often beneficial to reach out to an agent when you are considering any kind of real estate transaction. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | Is it possible to buy low and sell high?
🏠 It is certainly possible to buy low and sell high in the real estate market. However, it is important to remember that real estate is a long-term investment. In order to make a profit, you need to be patient and wait for the right opportunity. Timing is everything in real estate, so you need to be prepared to act quickly when you find a property that meets your criteria. It is also important to do your homework and research the market carefully before making any decisions. With careful planning and a bit of luck, you can certainly make a profit by buying low and selling high in the real estate market. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
Quick Hits | Is buying a home sight unseen a thing?
🏠 When it comes to buying a home, most people want to see the property in person before making an offer. However, there are some situations where it may make sense to purchase a home sight unseen. For example, if you're relocating for work and don't have time to house hunt in person, or if you're looking for a property in a remote location, you may need to rely on photos and video tours. While buying a home sight unseen can be risky, there are some steps you can take to reduce your risk. First, be sure to work with a reputable real estate agent who can provide you with high-quality photos and honest feedback about the property. You should also request a detailed home inspection report so that you have a clear understanding of the condition of the property. Finally, make sure you have a solid financial plan in place so that you're not blindsided by any unexpected repairs or costs. With careful planning and due diligence, buying a home sight unseen can be a successful strategy. #RightTeamRightTime #pittsteamproud 🧐 https://bit.ly/mSubscribeJayPitts
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