Welcome to my Monday Market Update forĀ the week of August 9th with Nikki EricksonĀ from Kevnik Mortgage!
This week we have two really importantĀ topics that come up more than mostĀ agents realize ā family home purchasesĀ and renovation funding options yourĀ clients probably do not know exist.
This week we are covering: ā Interest rate update ā volatilityĀ Ā Ā is settling and we are sittingĀ Ā Ā in the mid to high sixes ā Family home purchases ā what agentsĀ Ā Ā need to know and what clients needĀ Ā Ā to have in place before closing ā Why you should always treat a familyĀ Ā Ā real estate transaction like aĀ Ā Ā business not a family deal ā The questions every family needsĀ Ā Ā to answer before purchasing together āĀ Ā Ā equity splits decision makingĀ Ā Ā and what happens if someoneĀ Ā Ā wants out ā City and county renovation grants āĀ Ā Ā free money most agents andĀ Ā Ā homeowners have no idea exists ā How to find renovation grants inĀ Ā Ā your area ā it is easier thanĀ Ā Ā you think ā HELOC vs cash out refi vs renovationĀ Ā Ā loan ā which one is right forĀ Ā Ā your client and when ā The hidden benefit of a renovationĀ Ā Ā loan over a HELOC that nobodyĀ Ā Ā talks about ā Hard money loans for flips āĀ Ā Ā what they are and when to use them
If you have clients sitting on equityĀ or thinking about renovating orĀ purchasing a home with family membersĀ this episode is required watchingĀ before that conversation happens.
This is the kind of information nobodyĀ teaches real estate agents. And knowingĀ it will make you a better advocate forĀ your clients and a more professionalĀ agent in every single transaction.
Need a Great Real Estate Coach and Mentor.... Ā Join my Skool Community! https://www.skool.com/rebusinessbuilder/about Ā š Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder
š Connect with Nikki Erickson at Kevnik Mortgage: š± Call or Text: 952-484-1584 š§ Email: nikki@kevnikgroup.com š Facebook | TikTok | Instagram:Ā Ā Ā @mortgagesfrommntoaz
00:00 Introduction ā Market Update WeekĀ Ā Ā Ā of August 11th 00:30 Interest Rate Update ā VolatilityĀ Ā Ā Ā Settling Into Mid to High Sixes 01:30 Family Home Purchases ā What EveryĀ Ā Ā Ā Agent Needs to Know 03:00 Treat It Like a Business Not aĀ Ā Ā Ā Family Transaction 04:30 What Happens When Emotions andĀ Ā Ā Ā Equity Collide 06:00 City and County Renovation Grants āĀ Ā Ā Ā Free Money Most People Do Not Know About 08:00 HELOC vs Cash Out Refi vs RenovationĀ Ā Ā Ā Loan ā Which Is Right for Your Client 09:30 The Hidden Benefit of a RenovationĀ Ā Ā Ā Loan Over a HELOC 10:30 How to Reach Nikki & Closing
Now's The TimeĀ - no matter where you are, where you have been, or your current resultsĀ - By becoming more aware and following a process, you can have whatever it is you truly desire!
Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about
Check out my YouTube Channel - So many ways to stay connected and plugged in! Ā AGCoaching@agcoaching684
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