Category: Uncategorized

Nov 28

#ShopSmall, Save Big – Michigan Real Estate

Get ready to shop ‘small’ and save big in the Michigan real estate market this weekend!

#ShopSmall is the official hash tag for Small Business Saturday, which arrives this weekend. Sandwiched in between Black Friday and Cyber Monday this day makes up one of the most beneficial and meaningful.

It’s a great time to support the incredible Michigan entrepreneurial movement and support local small businesses, as well as scooping up great bargains on everything from loans to homes.

Experts predict this will be a $5 billion sales weekend. Hopefully much of that revenue will go to local small businesses which are largely responsible for job growth and boosting the local economy.

By ‘shopping small’ at local businesses it helps all locals and the real estate market. It can also mean big discounts too, and encourages more Michigan entrepreneurship.

Shopping small can also mean small price tags on big items, and there are many of these opportunities in the Southeast Michigan property market. Regional house prices are reportedly up 17% year over year, but there are still many deal among REOs, foreclosures and other distressed properties. Look to local real estate industry professionals for deals on their services and the best expert knowledge and service.

It’s a great weekend for Michigan real estate professionals to save big by shopping small business too. Fox Business suggests there are still some items which may be offered on better terms later in the season like tablets, DSLR cameras, brand name HDTVs, toys and Christmas decorations.

However, many will find deals on real estate marketing bundles, educational packages, events, books, subscriptions, office supplies and other essential business items.

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Nov 21

5 Holiday Time Hacking Tips For MI Real Estate Pros

How can Michigan real estate professionals better bend time to enjoy the best of the holidays while capitalizing on the end of year property rush?

The holiday season seems to start earlier every year, and that’s certainly true now in 2013. The smell of gingerbread is already in the air and commercials and tantalizing storefronts beg for the holiday shopping to begin and sweet treats to be enjoyed.

At the same time the anticipation of a break before 2014 can seem like a fleeting pipe dream for those counting down the days on their calendars. While the weather is cooling, the Michigan real estate market is on fire, keeping many local professionals sucked in like a magnet, not wanting to let down clients and referral partners or miss out on the big boost in income to top of the year.

So how do you find a way to enjoy more of both worlds; freedom and quality time to relax, without burning deals and dollars?

1. Black it out

If you haven’t already black out the time off you want on your calendar – literally. Leave no way to pencil in any activity for those days, whether it is a few hours or the entire month of December off. Then book the flights and hotels and pay for it do that there is no backing out.

2. Automate your real estate marketing

Automating real estate marketing has become easier than ever so there is no excuse for being tied to your desk or mobile device for the next 6 weeks. Put all of your marketing on autopilot with scheduled ads, Facebook posts, Tweets, emails, and blogs.

3. Hire a VA

Rope in some affordable virtual assistants to handle inbound lead calls and enquiries while giving you and your team the freedom to take off to relax and recharge for the New Year.

4. Create new passive income streams

For those Michigan real estate pros concerned they might see a dip in their income or that hope they be able to take a lot more time off next year add new passive income streams. This could be joint ventures with other local real estate businesses and service providers, joining affiliate programs, running ads on your website or blog (in moderation), and of course if you haven’t already, then choose a good passive income and passive wealth building real estate investment or two.

  1. MyCoordinator

Perhaps most powerful and profitable of all; use MyCoordinator to handle your title insurance work, real estate transaction coordination, and closings so that you can get on with what you really want to be doing, while having the peace of mind that your deals are still getting fast tracked and closed on time.

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Nov 15

2013 Holiday Gift Ideas for MI Real Estate Professionals

Looking for great holiday gift ideas for a special Michigan real estate professional in your life this year?

What are the best 2013 holiday gifts for MI real estate pros?

Whether you are holiday shopping for a MI title insurance company rep, Realtor, investor, mortgage broker or appraiser here are some neat and unique ideas for any budget (even if that is $0)…

1. Tesla Model X

With so many real estate professionals relying on their cars as an extension of their brands, what could make a better gift than a new ride? Rolls Royce has rolled out a new model for a little under $300k, but while powerful and modern it looks a little too much like a Dodge Charger and something you’d actually have to drive yourself than you’d expect from the brand. Maybe the Tesla Model X is a better choice. It’s eco-friendly, oozes cool with ‘Falcon Wings’ instead of doors and can be reserved now for delivery in the New Year.

2. Sunshine

Michigan is awesome, and there hasn’t been a better time to be a part of the buzzing entrepreneurial Rock City than now. Still, while the snow is pretty, months without sun can grind on the best. So why not splurge on a vacation for both of you in warmer weather?

3. The Latest Tech Inspiration

G-Code Magazine announced it is releasing new augmented reality applications showcased in a line of ‘G-Cloud’ posters. Adorning the wall of your real estate professional’s office or even home office they are designed to beam in inspiration, trending news, and business tips on-demand. And they are incredibly affordable.

4. Galaxy Tab 3

The New Samsung Galaxy Tablet with stylus is an amazing tech gift for the real estate geek, offering plenty of handy every day practical uses to make their lives easier and maybe get them home to you earlier!

5. The Gift of Giving

It’s almost crazy how so many people have become so frugal recently. It’s good and it’s great to see that while they might have reigned in personal spending sprees they are still bullish on giving. So how about donating to their favorite charity on their behalf or giving a gift card which can be used to make donations?

6. Show Some Love Online!

Michigan real estate pros invest a ton of time, energy and resources into their online profiles today, much of which is all about giving value to benefit you. Often it comes with few visible rewards. What might brighten them up more than anything is showing some love by commenting on their blog, giving a Like or sharing something on their Facebook page.

7. Referrals

Even better, how about sending them a juicy referral to help make their lives easier and perhaps help them make a little more money to spend on your present this year? Best of all – it won’t cost you a penny.

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Nov 08

What does the Twitter IPO mean for MI real estate investors?

Social network Twitter took flight with its long awaited IPO yesterday. So was it another total flop like Facebook, and what does it all mean for Michigan real estate investors?

Twitter must have had its Redbull, because the stock certainly had wings. Taking off and rising almost 100% in the first day of trading the social shares claimed title to the second largest tech IPO in the U.S., beating out Google. The press and analysts were even much kinder than in their review of the Facebook IPO.

Of course the tech stock also dropped out of the sky just as fast, as if shot down by the stars of reality TV’s Duck Dynasty crew, winding up closing below opening price.

So what does this all mean for Michigan real estate investors, Realtors and home buyers?

This is another big wake up call to everyone that tech is definitely in frothy, Icarus territory, floating a little too close to the sun. Stocks in general not only offer pretty much zero protection for investors, but are also extremely volatile with little time to get out before seeing entire portfolios evaporated.

On the bright side this is a big thumbs up to direct real estate investors in MI, signaling that they are definitely on the right path. In contrast Michigan real estate is just beginning a new up cycle which could easily last another 15 years. Direct real estate investment, whether flipping houses or buying rental properties also offers a lot more protection and can deliver both passive income and wealth building simultaneously. That’s in addition to the tax and leverage advantages it offers.

Let’s not beat Twitter up too much though. It might be a cool stock certificate to hang on your wall and show off to the kids. More importantly for MI real estate professionals it can be a great platform for online marketing. With multiple ad and automation options Twitter could be exactly what many need for keeping up business, capitalizing on the end of year rush and being able to enjoy some well-deserved time off.

So love Twitter for what it can do for your real estate business, but stick to investing in brick and mortar Michigan property…

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Nov 02

Detroit Home Price Gains – Too Hot or Just Getting Warmed Up?

Are Southeast Michigan home prices rising just too fast, or is this just the beginning of a new era of prosperity for the region?

The latest data from the S&P/ Case Shiller Home Price Index which is often more conservative than other indices shows regional home prices rising 16% in the 12 months through August 2013. That’s 26 months of positive gains.

Some reader and attention starved media channels and voices have suggested area home values are rising too fast, even though 16% a year is hardly an overly rapid pace in this industry.

Ironically, looking at the hard data Michigan real estate could be among the healthiest and best value in the country. Those that sat on the fence and haven’t gotten into the market may not be happy about missing out on some of these great gains. Yet, fortunately they may still have a chance to grab a great deals on a home or even make some incredibly money investing in real estate here.

It’s true that there are still lots of foreclosures in process, though maybe not so many REOs as delinquent mortgages still gradually working their way through the pipeline. These defaulting home loans and foreclosure homes are not much of a danger to the market any more. In fact, most real estate investors wish that there were a lot more of them to buy.

For the pessimists out there is important to point out there are still great discounts to be found in the Michigan real estate market, and based on historical real estate cycles there could be another 15 years of growth coming. In fact, according to the latest Case-Shiller report the greater Detroit area is the only one of the major metros covered still below 2000 value levels.

With all of the development and investment going on to rebuild Detroit we could finally be seeing a glimpse of a new era of prosperity becoming a reality. Why not be a part of it?

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Oct 25

Real Estate Domain Names & URLs: How Companies Are Condemning Their Brands

An overwhelming number of real estate professionals and companies are condemning their brands and careers to a gloomy struggle, if not doom simply because of their web domain names.

It’s sad, but true. The question is; what are the critical mistakes that they are making, and how can you avoid falling into the same trap?

Real estate agents, brokers, investors, mortgage companies, appraisers and even attorneys and title insurance companies are all falling into the same holes. This may be a situation that a few will be able to turn around quickly with timing on their side and the right knowledge.

The biggest issue is perhaps recognizing the importance of domain names on both short and long term success. The right domain name can add a nice extra boost when launching a real estate related business or career. Domain names can also make all the difference in long term success.

Some may think this is unfair, and that their direct work in real estate should be all that matters, but unfortunately it doesn’t always pan out that way.

Just look at domain names like RealEstate.com selling for millions.

Of course searching for and finding a great domain name in the real estate industry can be incredibly challenging and frustrating today. But this is also why they are so valuable.

Fortunately real estate businesses and professionals can still scoop up great names very inexpensively with a little luck and searching. Some things to look for in a good name include relevance, keywords and a name which matches the business and brand name. There are also auction and third party negotiation services which can help acquire website domains even if they are already in use.

However, savvy CEOs and professionals also recognize that they are wise to acquire more than just one domain name. Scooping up as many similar domains as possible can help to block the competition from moving in and capitalizing on their success.

Many may be aware of the above, but what the majority aren’t aware of is that there are some 700 new domain name extensions in the works. 4 were launched just this week. Many others are being trickled out over time. If not reserved they could pose a threat to many. Thankfully GoDaddy.com has a free tool which allows you to watch and get alerts to be able to be among the first to get a chance to reserve these new domain extensions as they are released.

Even more of an issue is social URLs. Like website domain names, real estate related URLs for Facebook and Twitter are also hard to come by today, yet equally important.

It’s also interesting to note that a significant amount of money can be made in flipping both of these types of domains, and sometimes they end up being far more valuable than the rest of the business.

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Oct 19

Critical Tips For End Of Year Real Estate Closings

We haven’t even polished off the Thanksgiving turkey yet and the race for closing real estate transactions before the end of the year is on. There are many advantages to inking your deal before New Year’s Eve, especially this year. However, this is consistently one of the most challenging times of the annual rotation for getting things done in this business…

Knowing what you can do to keep your transaction on the fast track, understanding the complications and choosing vendors wisely will be critical to your success.

This applies to home buyers, sellers, a multitude of real estate of real estate professionals, including investors.

This year, on top of the traditional seasonal surge to close before the end of the month, and year, many are even more concerned about capitalizing on the tax benefits buying real estate has to offer, as well as getting deals wrapped up before the Mortgage Forgiveness Act and its benefits for short sales expires.

Of course like any other industry many workers become distracted with entertaining, holiday shopping and files are endlessly handed off between employees as they take turns on vacation. This happens in real estate offices, but perhaps most significantly at mortgage lenders, which can cause substantial delays in the closing process.

This makes it absolutely essential for all parties to get paperwork in fast, get conditions cleared and order title searches and insurance policies early.

It will also certainly help to take an extra patience pill, as many factors will simply be out of your hands and freaking out on everyone involved over the phone may unfortunately sometimes more likely see your file ‘lost’ than fast tracked.

Perhaps most importantly, recognize the need to choose the right MI title insurance company to work with, and partner with – one that is fast, committed, and will shoot straight on challenges and closing dates.

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Oct 11

Real Estate Marketing: Are Your Cyber Monday Deals Ready To Roll?

Are you ready to rock with your Cyber Monday real estate marketing campaigns?

With only days to go and plenty of distractions in between, Cyber Monday is coming up fast. For those in the real estate industry this is perhaps the most important marketing day of the year.

Regardless of whether you are still wrangling with Halloween decorations and marketing initiatives, conjuring up menus for Thanksgiving or already planning your December holiday shopping, Cyber Monday cannot afford to be ignored.

Cyber Monday is rapidly becoming the biggest sales day of the year, and we could be on track for a $2 billion sales day for Cyber Monday 2013.

Based upon trends in holiday marketing and going off last year businesses need to be rolling out campaigns almost a month early. This is the perfect occasion for moving more real estate and can be equally prosperous for mortgage brokers, lenders, Realtors, home improvement contractors and real estate investors as well.

The great news is that banking on this occasion is incredibly easy for the real estate crowd thanks to online deals and keyword rich content for capitalizing on surges in web traffic.

This should also be tied in with Black Friday for banking on increased foot and car traffic for open houses, as well as Small Business Saturday which is sandwiched in the middle.  Small Business Saturday is the ideal opportunity to call locals and past customers to support you and to collaborate with other local small business owners.

The time to start planning and developing marketing materials is now. Done right this should be the best weekend of your year, and could earn you the rest of the year off, with plenty of holiday shopping money too!

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Oct 02

How Will Government Shutdown Impact Michigan Real Estate Investors?

Could the current government shutdown do more damage to the Michigan real estate market, or will it actually open up more deals for investors?

Those that do have Michigan real estate transactions in process could potentially affected. This includes those with government backed loans involved, and where lenders can be hindered from necessary verifications due to being unable to access data held by the government.

These are likely to simply be temporary delays, and given this certainly isn’t the first government shutdown in history and it is likely to be over relatively quickly the impact on the market as a whole should be minimal.

However, while it lasts there could be increased investment potential. With some deals being derailed or falling through due to this situation and government employees falling delinquent on loans, as well as some buyers icing their home search out of uncertainty over the economy investors could find even more motivated sellers in the market.

It’s not all doom and gloom for sellers or those flipping houses either. With government workers being furloughed and many fearing for the future of their jobs a good percentage are probably waking up to the fact that turning to acquiring real estate investment as a landlord or buying a business with property is their best move. This could provide a short burst of additional, highly motivated buyers, many with significant retirement accounts to cash out and put to work.

While we all feel for those being negatively affected by current political events, there is potential to create win-win solutions for all parties and investors could be among the most valuable players in providing help to those that need it most.

For all your Michigan real estate title and closing needs MyCoordinator LLC is here to help, and here you’ll always get straight answers on how the shutdown could be affecting your closing.

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Sep 28

Real Estate Pros: Tips For Staying Healthy This Fall

It’s that time of year when everyone seems to come down with something. Unless real estate industry professionals act to take care of themselves and their teams the toll can be outrageous.

The CDC has warned of an early start to flu season this year with some severe cases striking in even warmer climates like L.A. This year there seem to be even more health risks with Oakland County, MI residents reporting that their ‘smart’ electric meters are making them seriously ill, and Apple users are even reporting that their iPhones with iOS7 are making them sick.

Even just a couple of days down can have a huge negative impact on Michigan real estate businesses and independent professionals. From missing out on deals to letting down clients the risks aren’t just limited to coming up a few dollars short before the holidays but seeing reputation suffer and seeing businesses completely derailed.

So how can MI real estate pros prevent this?

It starts with being proactive. Keep your immune system rock solid by taking in safe sun, getting regular exercise, eating right, taking vitamins and avoid overdoing it. Vaccination can be a smart move for some too. In fact, when it comes to the flu, getting a shot isn’t just for old people, it has been recommended for everyone over 6 months old.

Many put off seeing a doctor or taking anything in order to let their body do its job of fighting back. However, it’s important to recognize the point when your body isn’t fighting it fast enough alone and medicate or get help.

Don’t make your employees work sick or go into the office sick yourself or everyone can go down. Instead actively discourage them from coming in. Today there isn’t much that can’t be done from home if you really want to push that hard.

Of course despite best efforts most Michigan real estate professionals will come down with something for a few days this fall. This is when it really pays to have MyCoordinator helping with your title work. MyCoordinator can do a lot to help fill in the gaps when you or your staff are down, and ensure transactions keep moving forward and deals are getting closed.

If you have tried us out yet, it’s time to find out what you have been missing and how you can avoid giving your competition the edge over the coming months…

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