Archive for November, 2013

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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