Author Archives: Alisia Leyva

Safety Month for Real Estate Agents

September is Realtor Safety Month, and the National Association of Realtors have released their 2020 Member Safety Report!

In most cases, real estate agents are having to show homes by themselves and to strangers – the report finds that 31% of agents feel unsafe during open homes or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property.

Female real estate agents are more likely than men to take NAR’s course on safety in the field, at 33%, while only 21% of men have taken it. Of those who have taken the course, 79% reported feeling better prepared in unknown situations.

It also looks like female agents are more readily prepared to protect themselves than last year – in 2020, 50% of women are carrying a self-defense item, while 46% of male agents are doing the same. In 2019, 49% of female agents and 45% of male agents had some sort of self-defense weapon or tool.

For more on real estate agent safety, check out the NAR’s page here. Be sure to stop by AmeriTitle’s Blog to keep in the loop with all news!

Real Estate Tip of the Week: Bidding War Edition

The housing market is filled with competition!

If you’ve been out searching for a home, then you’ve probably been told (either by your agent or from other buyers) that you’ll probably be fighting for the home that you want.

So what do you do to make sure you win the bidding war?

Pre-Approved

One of the best things you can do to win a bidding war, is to get pre-approved for a mortgage. This should be done regardless, before you enter the home-searching phase (however, some potential homebuyers might not take this first step). This pre-approval will show the seller that you’re ready to purchase.

All-Cash Offer

Cash offers erase the need for an appraisal and bank approval for a loan. This sort of offer signals to the seller that you are ready to purchase the home today.

Raise the Price

If you can make sure you keep your counteroffer within means for your budget, it might benefit you in the long run to offer more and beat out other potential buyers that way.

Moveable Closing Date

If you can, allow for a flexible closing date. Giving the seller more time to fix any repairs, etc. might sound really appealing.

Remove Contingences

If wiggle room allows, removing contingences can help elevate your offer. However, be weary with this – the more you remove, the more risk is taken off of the seller and put on to you.

Write a Personal Letter

Seeing pictures of your family, and/or why you love their house, can really motivate the seller to choose you over other buyers. It becomes more personal – especially if the seller has been in the home for some time.

Bidding wars aren’t necessarily fun – but they don’t have to be the end game for you as a buyer. Work with your real estate agent to make sure you receive the best deal.

For more real estate tips and tricks, stop by AmeriTitle’s Blog.

Where in the World Are They? In the Suburbs.

Pre-pandemic, homeowners and future homebuyers were looking to purchase as close to the city as possible – but now, it seems as though the more space, the better.

Home construction in small-metro suburbs increased 10.6% in the second quarter on an annual average basis. Before the pandemic, 55% of purchases were centered on large metro areas, which made it difficult for builders to expand. Now that buyers are looking to spread out, building is predicted to boom.

What exactly are small-metro suburbs, you might ask? These areas are defined as “outlining counties” outside from urban areas that have less than 1 million population.

According to a Harris Poll, a third of Americans have considered moving to smaller populated areas, following the initial outbreak in mid-April.

With a mixture of home affordability, workers either part- or full-time, and the need for larger home space, single-family construction will be growing faster in these low-density markets.

Looking for more real estate news? Stop by AmeriTitle’s Blog.