During a recent panel at Inman Connect Las Vegas, two notable figures in the real estate world, Joe Rath, Redfin’s Senior Director of Brokerage Operations, and James Dwiggins, CEO of NextHome, delved into the implications of the National Association of Realtors’ 2019 Clear Cooperation policy. Both leaders expressed concerns over the policy’s efficacy, highlighting that …
According to Statista the average home sales price in the US in 2022 was $540,000 with 5.03 million units sold. If every home was purchased through Arrivva’s flat fee model, then $18,750,000,000* would have been put back into the homebuyer’s pockets. *Skeptical? Here’s the math. Average home price = $540,000 multiplied by the average commission …
Arrivva could have saved homebuyers 18.7 Billion dollars in 2022 Read More »
Redfin Eliminates Rebates In the continually evolving world of real estate, Redfin, the well-established online real estate brokerage, has recently undertaken a major shift in its buyer broker model. As of 2023, Redfin has decided to phase out its distinctive 1% buyer rebate in favor of a more conventional 2.5% fee for both buyers and …
Offering a rebate on a real estate transaction can be a powerful incentive for buyers to get under contract for several reasons: Overall, offering a rebate on a real estate transaction can be a smart strategy for attracting buyers and getting them under contract. It can help buyers save money, improve their negotiating position, and …
In November 2021, the United States Justice Department announced that it was pursuing legal action against the National Association of Realtors (NAR) for violating consumer protection laws and the Taft-Hartley Act. The NAR is the largest trade association for real estate agents in the United States, with over 1.4 million members. The Justice Department’s complaint …
I’m going to call it right here. We have bottomed out in the real estate market and I’m talking about the major cities in California and Seattle, Washington. But there’s some of this going on all over the country. And here’s the reason why. Number one, the weather is better. I know that’s weird, but …
If the debt ceiling is not lifted, it means that the U.S. government will not be able to borrow any more money, which could lead to a default on its debt obligations. This could have a negative impact on the economy and financial markets, which in turn could hurt the real estate market. The real …
How Not Lifting the Debt Ceiling Will Hurt Real Estate Read More »
How to make the numbers work. Transcription Fred: This is the rationale numbers-wise on why people should buy now and take a long-range look based on rates and equity. Fred:So let me just warn you, I’ve just done this with pen and paper. It’s not on a spreadsheet, but here’s what I’m figuring out. Last …
Interest rates and home prices Interest rates and home prices. What the media is not telling and why you should chill! arrivva is the leader in flat fee real estate transactions. https://youtu.be/uarLd7Cx0zo via @YouTube
Did you know in #california on the new agreement of sale, you must tell what stage your mortgage is in. If it is not fully underwritten, you are unlikely to get the bid accepted. Need a F U P A? Apply online and totally free with no obligation
If you are freaking out that rates went up while you are trying to buy a home, don’t. Stop looking at rates. You’re not writing a check to an interest rate. Look at the exact payments. If you don’t like it, here is help to lower the rate. One word- POINTS. Points are fees that …
Fred discusses the idea of putting open house signs out. It’s inviting everyone to come into the house and it’s ridiculous. At Arrivva, we don’t use signs because we don’t want to attract attention from people who are not planning to buy.
Fred discusses the idea of putting open house signs out. It’s inviting everyone to come into the house and it’s ridiculous. At Arrivva, we don’t use signs because we don’t want to attract attention from people who are not planning to buy.
Price per square is the best and only way to figure out the price of VACANT, UNIMPROVED office space. In residential real estate, that is not the case
For the last couple of weeks, we have seen a slow down in the real estate market. The first place we noticed was in Piedmont. We lost a house 2 or 3 months ago in Piedmont that went for $700,000 over the listing price. It was insane. That was when the press started to show …
Should you buy a home with an all-cash offer? Fred explains how you can become a cash buyer when buying real estate. Arrivva has solved the remaining pain point for buyers who are being beaten out by all-cash offers. Reach out to Arrivva to discuss being an all-cash buyer and still having money left over …
Check out Fred’s YouTube video discussing his thoughts on why you shouldn’t buy real estate now.
Hey, it’s Fred. As you probably know, the real estate world in Northern California is Looney Tunes. And people are flocking now to new construction. I’ve been suggesting that for a while, but it’s starting to seep in that, hey, you gotta be crazy to buy in a resale market because the prices and the …
New Construction. Is it the right choice for you? Read More »
Change is happening my friend. From Redditors taking on the big dogs of Wall Street to Arrivva challenging archaic ways of Real Estate, the only thing constant is change.
In the podcast, Fred and Mistry discuss buying during a pandemic. Fred says that the first question he asks prospective clients is “Why are you trying to buy during the pandemic?”And the answer has been basically, “Hey, we’re in a one-bedroom apartment. We got one baby and another on the way we got to get …
At the beginning of March, we all know that the world sort of got shut down. At that time, I figured that the economy would take a dive and that no one would be buying real estate. Alas, the fact that qualified people were then cooped up in their 1-bedroom apartments with the walls moving …
Every county in California has different paid fees based on the buyer or the seller on a real estate transaction. This will show who pays the title insurance, escrow fees, transfer taxes in both counties and cities. Here is a list by county in Google sheets that you are welcome to download.
We do not do due agency deals. What’s that? That’s when the agent represents both the buyer and the seller and makes a DOUBLE commission. The number of deals that go to agents that do this is astounding. The number of states that ban it is pathetic, 3. Why should you care? If you are …
I swore by The New York Times calculator. It still is the gold standard. They had excellent help and great UI and UX. Have fun, go there and fill it in. Take a snapshot, then come back here. OK, forget about everything you just saw. It’s somewhere in 2021. We are all over the shock of …
Real estate prices are coming down—the most obvious thing on the economic planet. We don’t know how we will come out of this, but we do know that millions of people will not be able to work, companies are not going to generate net income like they used to. In other words, there will not …
The recently passed Coronavirus Aid, Relief, and Economic Security (CARES) Act places special requirements on companies that report your payment information to credit reporting companies. These requirements apply if you are affected by the coronavirus disease pandemic and if your creditor makes an agreement (called an “accommodation” in the Act) with you to defer a …
It’s March 29, 2020 and there’s a pandemic going on as you all know. For the real estate shopper pre-corona, there were digital fistfights for property all up and down the coast of California and the Seattle area. I lost deals with buyers paying over $250,000 easily over list prices and waiving everything. The …
Mortgaged Property Owner Solution to the Covid-19 Crisis Read More »
Let’s get this out of the way. The only reason real estate agent do an open house is to attract possible buyer clients for them without disclosing or compensating owners. This is the mechanism that makes the whole path happen. When an agent gets a buyer client from an open house, it costs them nothing. …
Yes, I can handle multiple buyers in multiple cities at the same time. I’m here to negotiate for you and doesn’t need to be in person anymore. All the signatures are done through docusign or other electronic means in the showing of a house is not a big deal that you need to have a …
