Turn Housing Affordability Problems into Solutions

With median-priced homes becoming too costly for the average income earner in 71% of U.S. counties*, first-time homebuyers might be feeling the financial pinch. As a real estate agent, it’s crucial to know how to help your client during tight times.

Mortgage Calculators

Alliance Title’s mortgage calculator can help get the ball rolling with what your client can afford. Research and explore for homes that fit within their boundaries.

Partner with Lenders

Become familiar with financing options available to your client. Lending partners can work to find the right loan for your borrower – and can drastically improve their chances for a successful purchase.

Counseling on Features

Narrow down your client’s choices and guide them through factors of location, neighborhood, and even school systems. Reach out to your local Alliance Title Representative for more ways to tackle housing affordability!

#alliancetitle #title #escrow #realestate #affordability #housingmarket

Understanding Buying Power with Rising Mortgage Rates

In the real estate market, prices fluctuate – and mortgage rates are no different. While mortgage rates are currently lower than they were last year, many experts agree that rates might hover near 5% throughout 2019*.
And while these rates are easier to manage, it’s always key to stay educated on the programs available to buyers.

Follow these simple tips to help put money towards the mortgage down payment:

  • Transfer a fixed amount into a special savings every month
  • Pay off high interest rate credit cards
  • Lower miscellaneous expenses

With a homebuyer’s potential buying power, it’s also important to stay up-to-date with the various loan assistance programs that can help your client. When your client is ready to purchase a home, call your local Alliance Title representative for your title and escrow services!

#alliancetitle #title #escrow #realestate #mortgage #downpayment

*https://www.bankrate.com/finance/mortgages/mortgage-rates-forecast.aspx

New Tools for Your Success

Closing transactions means converting your list of prospects into clients. Alliance Title’s tools have received an upgrade to provide a better user experience with mobile friendly responsive technology. Grow your business and confidence with our new tools.

Net Sheet

Calculate an estimate* of costs for buyers and sellers with our easy-to-use form.

Lender Closing Cost Calculator

Utilize this straightforward cost calculator to quote* title and escrow fees for your buyer or seller.

These new updates will better serve you and your needs. Try our upgraded tools today, or pair up with your local Alliance Title representative to access these tools for your success!

*These costs are only an estimate

Real Estate Tip of the Week: Planning for Extra Costs

Ever heard of buyer’s remorse? We’ve all experienced it at some point in our lives – the sense of regret after having made a purchase. Maybe it was buying that car, that TV, or that really cute sundress you saw in the window.

Or, maybe it was the purchase of your new home. Ouch. That one might be harder to deal with.

If you’re a real estate agent, it would be in your best interest to help and guide your clients to fully understand all of the fees that are associated with owning a home, so your clients feel prepared and ready for the transaction.

According to a new survey from Bankrate, 63% of millennial homeowners – more than any other generation – expressed buyer’s remorse after the purchase of their homes. 20% of those with remorse were surprised by maintenance expenses and other costs corresponding to the transaction.  

While these fees will vary from person to person and state to state, it’s important to clarify the costs on the table so they don’t feel misled.

Inspection Fees

While these aren’t required, they are highly recommended in the industry. An average inspection may cost anywhere from $300 to $500. Inspections can help uncover any problems with the home and prevent more costly repairs in the future.  

Closing Costs

Financial experts recommend setting aside 2-5% of the purchase price for closing costs, and they must be available on closing day. This fee covers a variety of things, like notary services, title company search fees, attorney expenses, real estate transfer taxes, insurance premiums, and more. These will vary by state and property.

Maintenance Costs

It is recommended to put aside 1% of a home’s value per year for any unexpected maintenance expenses. For example, a $300,000 home would mean budgeting $3,000.

Moving Costs

While this might be the last thing on your client’s mind, moving adds up too. If they’re planning to hire a moving company or renting a truck, they’ll want to allocate this into their upcoming expenses. As a real estate agent, you’ll need to remind them to speak with their lender and bank to fully understand their financial planning. But, that doesn’t mean you can’t help guide them on some of the upcoming fees associated with purchasing a home.

How to Curb Low Inventory Blues

Real Estate is competitive – and it doesn’t get any easier when inventory is low. During times of flat listings, it’s important to remain attentive and confident to keep closing transactions.

Referral-Generating System

Don’t wait for referrals – cultivate them! Ask for, remind, and reward referral behavior. Awareness and engagement with past clients will help you stay at the top of their list.

Geographic Farming

Map those sales territories! Market to these areas with a mix of direct mail, in person contact, and phone calls.

Expired and Withdrawn Listings

Contact the owner to express interest in helping them sell their property and explain possible reasons why they weren’t able to sell before.

Contact your local Alliance Title Representative for more assistance!

#alliancetitle #title #escrow #realestate #inventory #marketing #sales

New Year, New Plan, New Tools

With the upcoming New Year, it’s important to keep growing in both education and confidence in order to succeed. Using Alliance Title’s tools and guides will keep you on track to reach your New Year Resolutions.

Client Resource Guide:

Simplifying complexities and confusion that your clients may have will show them you’re on their side. This brief guide was made for you – with this guide, you’ll be up-to-speed on title, escrow, tax prorations, and more.

Buyer-Seller Guide:

Because you’re the professional, clients look to you when they are needing to understand real estate jargon. Sharing this guide on Alliance Title’s website will help your clients understand the closing process.

Pocket Settlement Guide:

Loans can be tricky. With this settlement resource, you’ll be up-to-date on parties being responsible for specific loans.

Team up with your Alliance Title representative to stay informed!

#alliancetitle #title #escrow #guides #tools #team #realtors

Business Growth is a Priority

The housing market is constantly fluctuating; low inventory and shaky buyer confidence during this time can make for a difficult challenge.

But don’t fret – Alliance Title’s prospecting tools can aid in generating prospective clients to turn a potentially slow season into a hot one.

Some prospecting ideas include:

  • Searching for properties in the most needed inventory areas to solicit listings
  • Considering 55+ communities and first-time homebuyers as clientele
  • Requesting radius searches for listed, sold, or open house invites

To stay ahead of the curve, reach out to your local Alliance Title representative to become familiar with our various prospecting tools to help grow your business.

 

#alliancetitle #title #escrow #realestate #prospecting #marketingtools

Thankful

November is the time for reflection – and we’d like to extend our deepest thanks to the amazing communities we’re so grateful to be a part of. We truly appreciate the confidence you placed in us by sending us your business throughout the year.

This past October, many of you helped Alliance by donating to our food drive, ‘Closing the Hunger Gap.’ We were fortunate enough to add on to our 2017 collection last year of 130,332 pounds of food! Thank you to all who participated and helped us move closer to a world without hunger!

Stop by an Alliance Title location for your next transaction to feel confident and appreciated!

#alliancetitle #title #escrow #thankful

We’re ready for you!

Alliance Title’s 25 locations throughout Idaho, Montana, Washington, and Wyoming help make your closing process attainable and achievable. Each branch is equipped with a friendly and experienced professional who are ready to provide you with a personalized transaction.

This October, Alliance is hosting the 7th annual ‘Closing the Hunger Gap’ food drive campaign and partnering with local food banks to collect nonperishable food and monetary donations to help end hunger in the communities we serve.

To make an online donation click here.

With our convenient locations, you’re never too far from friendly service or a donation site! Stop by any Alliance Title location to donate food items or make a monetary donation to help us end hunger!

2018 Canstructure Contest

Each branch has created food art installations we call “Canstructures!” Vote for your favorite Canstructure on our website throughout the month of October!

#alliancetitle #convenience #CHG2018 #volunteer #title #escrow

Making a Difference in Our Community

Like you, we care about the community we live and work in and enjoy taking an active part in helping the community thrive. Volunteering in local events gives us the opportunity to give back.

We’re hosting our 7th annual ‘Closing the Hunger Gap’ food drive campaign and partnering with local food banks to collect nonperishable food and monetary donations to help end hunger in the communities we serve.

Our companywide goal this year is to collect 27,000 pounds of food.

Stop by any Alliance Title location to donate nonperishable food items or make a monetary donation to help us end hunger! While you’re in, check out the food art installations – what we call Canstructures – designed by that local office, and vote on your favorite one!

Thank you for your continued support as we work together to close the hunger gap!

Team up with your local Alliance Title Business Development Representative or visit our Closing the Hunger Gap page for more info.