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    Real Estate Minute (More or Less)

    The Real Estate Minute is a quick advice video from Revolved Realty’s Managing Partner Tim Knox.

    What Is A 1031 Exchange and How Do Investors Use This Strategy To Avoid Paying Capital Gains Taxes
    One strategy many savvy real estate investors use is the 1031 Exchange, which can help avoid (or at least postpone) paying capital gains taxes on profits from a real estate investment. This video outlines what a 1031 Exchange is, who an use it, how it’s used, and the 7 rules for taking advantage of this IRS rule.
    Are Home Appraisals A Moot Point In A Cash-Rich Real Estate Market?
    Are appraisals becoming a moot point in a market where there are so many homes being bought and sold for cash? And why are appraisers unfamiliar with our market now determining how much money your mortgage company might lend you to buy a home?
    How Long Inspection Reports & Lazy Real Estate Agents Are Killing Real Estate Deals
    Two things that kill lots of real estate deals are long-winded inspection reports and shortsighted Realtors who do a lousy job of interpreting those reports for their clients.
    How To Use An Escalation Clause To Beat Out The Competition
    One strategy you can use to beat out the competition when it comes to buying the home of your dreams is by using an escalation clause.
    How Long Inspection Reports & Lazy Real Estate Agents Are Killing Real Estate Deals
    Two things that kill lots of real estate deals are long-winded inspection reports and shortsighted Realtors who do a lousy job of interpreting those reports for their clients.
    New Investment Strategies For Highly Competitive Markets
    In highly competitive investment markets like Huntsville, Alabama, real estate investors are having to change how they invest in real estate, as well as the type of real estate they invest in.
    Are Appraisals Really Accurate Anymore?
    In a hot market many homes sell above asking price and the traditional appraised value is simply being ignored by those with the cash to close the deal.
    How To Sell Your Home Quickly For The Most Money
    When it comes time to sell your home there are specific things you can do to make it seller faster for more money.
    First Time Home Buyer Tips
    Buying your first home doesn’t have to be an ordeal. Follow these tips and you’ll be in your dream home before you know it!
    More First Time Home Buyer Tips
    Part 2 in the series for First Time Home Buyers. In this video Tim tells you what to expect once you find a home and make an offer to buy it.
    How To Use Virtual Home Tours To Sell More Homes
    Doing a professional video walkthrough or virtual open house isn’t rocket science, but it does involve thought, planning and graceful execution. It’s really easy to screw it up, but it’s also pretty easy to get it right. Here’s how I do videos that sell houses to clients around the globe.
    What Video Equipment Do You Need To Shoot Virtual Home Tours?
    What video equipment do I use to shoot Virtual Open Houses and Virtual Home Tours for clients? Here’s a look inside my bag of video tricks.
    We’re In A Health Crisis, Not A Housing Crisis
    I hear a lot of talk about the impending “housing crisis” due in part to the current situation across the country. I don’t think we’re headed for a housing crisis. I think once we recover from this health crisis, real estate will once again boom.
    How Buyers Are Using Technology To Search For A New Home
    A recent Realtor.com survey revealed that buyers are still considering moving forward with the home buying process, even if they can’t see the home in-person. While they still prefer to physically see a home, virtual home tours like the ones we use at Revolved Realty and accurate listing information top the list of tech specs buyers find most helpful in today’s process.
    Is This Still A Good Time To Buy or Sell A Home?
    Even with the Corona Virus changing the way we live, work, and play, it’s still a great time to buy or sell a home. Here’s how you can still sell your home or buy the new home of your dreams while keeping you and your family safe.
    CARES Act & PPP Explained For People Too Lazy To Google
    The Coronavirus Aid, Relief, and Economic Security (CARES) Act allocated almost $350 billion to help small businesses keep workers employed amid the pandemic and economic downturn. Known as the Paycheck Protection Program, the initiative provides 100% federally guaranteed loans to small businesses. Here’s a quick synopsis of the Act for folks too lazy to Google the info themselves.
    Follow Dave Ramsey’s Advice To Fund The 4 Walls
    Dave Ramsey regularly advises his listeners to take care of the basics like food, shelter, and clothing first, and forego frivolous spending on unnecessary things. With the Corona Virus impacting many folks financially and emotionally, that advice has never been more applicable.
    10 Things I Would Do To Help My Business Survive Corona Crisis
    I’ve been a small business entrepreneur for nearly 30 years. I have enjoyed the good times and weathered the bad. Tapping into that experience in a variety of industries, here are the 10 things I would do to help my business survive the Corona Crisis.
    Has Corona Changed Your Mind About Buying or Selling A Home?
    Our local real estate market continues at a fast pace despite the complications of the Corona virus. You can still buy or sell a home without putting yourself in harm’s way. Here are a few tips on how to successfully buy or sell a home even in these trying times.
    How To Sustain Your Real Estate Business During The Corona Crisis
    If you’re a Realtor, interacting with people to sell houses is your business. Here are a few thoughts on how to sustain your real estate business during these trying times.
    Keep In Touch With These Video Apps For Your Computer and Phone
    Just because you are sequestered at home doesn’t mean that you can’t conduct business, teach classes, and stay in touch using social media and video conferencing software and apps. Here are 3 video and social media apps that I use everyday to keep in touch with my clients, train my sales team, and market my business.
    Would You Pay An Extra $10,985 To Live In Madison?
    The City of Madison has proposed the implementation of an impact fee that will add $10,985 to the cost of a new home. How will this impact fee (if passed) impact the growth of the city of Madison and the quality of life for residents, not to mention the impact on those building homes and those wishing they could buy them?
    Five Things Sellers Should Do Before An Open House
    Before your Realtor schedules the first open house to show off your home to prospective buyers there are a number of things you can do to help make that Open House a success. Don’t rely on your Realtor to do everything. Remember, the key to a successful open house starts with presentation.
    The 6 Things You Must Do To Become A Successful Real Estate Agent
    Real estate is a tough, hyper-competitive business, and many agents are shocked by what they find after they get their license. There are more real estate agents than ever before, which means hundreds of agents vie for the same sales. Ours is a sales business, and the better you are at sales, the better you will do. But deals don’t fall out of the sky. You have to be proactive or you will get left in the dust. Here are my 6 things you must do when starting out to succeed as a Realtor.
    How To Stage Your Home For Quick Sale
    We all have too much stuff but some houses look like the Hoarders live there. Buyers don’t want to see your stuff in the house. They want to imagine their stuff there.
    How To Improve Your Credit Score So You Can Qualify For A Home Mortgage
    Revolved Realty’s Managing Partner Tim Knox discusses how to improve your credit score so you can qualify for a home mortgage.
    WHY ISN’T MY HOUSE SELLING FASTER?
    One question many sellers ask is, “Why isn’t my house selling faster?” They see other houses flying off the market with full price or multiple offers, but they don’t consider the fact that their house may not be in the same price range, same location, same condition, and have as many potential buyers. The higher the price, the smaller the buyer pool.
    TIPS TO HELP YOUR HOUSE SELL FASTER
    Most sellers rely solely on their agent to sell their home, but there are things you can do to help move the process along. Here are my tips on how to help your house sell faster.
    HOW OUR FLAT FEE LISTING PROGRAM SAVES YOU MONEY
    The Flat Fee Listing model is becoming more popular every day because of the savings it offers sellers without sacrificing customer service and marketing. Revolved Realty Managing Partner Tim Knox explains how the model works at his company and how it has saved his clients tens of thousands of dollars.
    VIDEO #1: MISTAKES HOME BUYERS MAKE: THEY HAVE NO CLUE WHAT KIND OF HOUSE THEY WANT
    One mistake many home buyers make is not having a clue what they really want when it comes to the biggest purchase of their lives. Saying, “I’ll know it when I see it!” doesn’t help their realtor start the home search.
    VIDEO #2: MISTAKES HOME BUYERS MAKE: THEY HAVE NO CLUE HOW MUCH HOUSE THEY CAN AFFORD
    One mistake many potential home buyers make is having no clue how much how they can really afford. Even if they get a prequalification letter from a lender, that tells them how much they might be able to borrow, but not how much they can afford as a monthly payment.
    VIDEO #3: MISTAKES HOME BUYERS MAKE: THEY HAVE NO CLUE HOW MUCH CASH THEY’LL ACTUALLY NEED TO BUY A HOUSE
    Yet another mistake many home buyers make is forgetting (or not realizing) that they may need to bring a considerable amount of cash to the closing table. There may be a down payment required, closing costs, funding costs, legal fees, and other items that must be paid for to seal the deal. Before you start making offers, find out how much cash you’re going to need and know where that cash may come from.
    VIDEO #1: MISTAKES HOME SELLERS MAKE: PUTTING LIPSTICK ON THE PIG
    It’s not uncommon for home sellers to make mistakes that often end up costing them thousands of dollars — if not the deal itself. The first thing is this: they attempt to cover up issues with shoddy repair work or DIY projects.
    VIDEO #2: MISTAKES HOME SELLERS MAKE: NOT UPDATING MAJOR SYSTEMS
    It’s not uncommon for home sellers to make mistakes that often end up costing them thousands of dollars — if not the deal itself. Things like choosing not to repair or replace old and worn out systems while expecting to get top dollar for the property.
    VIDEO #3: MISTAKES HOME SELLERS MAKE: IGNORING POTENTIAL DEAL BREAKERS
    One thing some sellers do is ignore the obvious issues and hope they will just go away or go unnoticed. Things like a leaky roof or old electrical systems or foundation issues or an non-permitted addition that they know isn’t up to code. These issues won’t be ignored and they won’t go away. To the contrary, they could be the very thing that kills your chance of ever selling your home.
    VIDEO #4: MISTAKES HOME SELLERS MAKE: UNWILLING TO NEGOTIATE
    One thing some sellers refuse to do is negotiate with the buyer. In real estate everything is negotiable: price, earnest money amount, time to close, inspections, repairs, and on and on. The unwillingness to negotiate often drives buyers away.
    VIDEO #5: MISTAKES HOME SELLERS MAKE: OVERPRICING THE HOUSE
    One mistake some home sellers make is asking too much for the home rather than pricing it appropriately at the market value. They get a number in their head and refuse to believe that their house will sell for any less and won’t even entertain reasonable offers.
    VIDEO #6: MISTAKES HOME SELLERS MAKE: DIY FROM HELL
    Another mistake some home sellers make is trying to do repairs themselves, or doing DIY projects that are far from professional. When it comes time to sell your home don’t automatically think that your DIY is going to result in MONEY.
    VIDEO #7: MISTAKES HOME SELLERS MAKE: GET MOVING!
    Another mistake – if you can call it that – some home sellers make is waiting until the last moment to MOVE! Even though their house is under contract and a closing date is set, some sellers put off moving out until the last minute, then leave the home in a mess because they didn’t have time to clean! What they don’t realize is this: if their stuff is not out and the house cleaned by the time the final walkthrough happens, closing may be delayed – or cancelled altogether!
    HOW TO BEAT OUT MULTIPLE OFFERS
    There are things you can do to stand out from the crowd when getting into a multiple offer situation. Quite often, however, it’s not about the highest price. There are lots of other things that may sway a seller to sell his home to you. Here’s how to get your offer noticed in a crowded field of buyers.
    TWO THINGS YOU MUST DO TO SELL YOUR HOME ONLINE
    It’s estimated that 90% of home buyers start their search online at Zillow, Trulia, Realtor, and other similar websites. There are two things you must do to sell your home online. Fail to do these two things and chances are your home will never catch a buyer’s eye.
    ARE REAL ESTATE COMMISSIONS TOO HIGH?
    Real Estate commissions are typically the biggest expense you’ll incur when you sell your home using a real estate agent. Lots of people think real estate commissions are too high (i.e. most sellers) while others (most agents) feel like they more than earn their money (amen). As in most things, when it comes to real estate representation, you often get what you pay for.
    IS THERE REALLY SUCH THING AS THE PERFECT HOME?
    You may be on a quest for “the perfect house”…. But finding the perfect house can be as difficult as finding the Holy Grail. It’s rare to find a house that truly checks all the boxes. What should you focus on instead? Find out in this video.
    SHOULD YOU HAVE YOUR OWN AGENT WHEN BUILDING A HOME?
    Are you thinking about buying new construction? Should you have a real estate agent of your own to negotiate the deal and manage the details to make sure you’re getting the best deal possible? What do you think?
    THE FIVE SENSES OF REAL ESTATE
    In this video Tim discusses the ways our five senses come into play when buying a home and how sellers should play to those senses to get their home sold.
    VIDEO 1: TIM’S TOP TIPS FOR TACKLING A FIXER UPPER
    In this video series Tim talks about the things you should keep in mind before tackling a fixer upper.
    VIDEO 2: TIM’S TOP TIPS FOR TACKLING A FIXER UPPER
    In this video series Tim talks about the things you should keep in mind before tackling a fixer upper.
    THREE THINGS YOU CAN DO TODAY TO IMPROVE YOUR CREDIT SCORE
    In this series Tim talks about the things you can do to get your credit score up so you can qualify for a home mortgage.
    WHAT IS A FICO SCORE AND HOW CAN IT AFFECT YOUR ABILITY TO GET A HOME MORTGAGE
    Your low credit score can keep you from qualifying for a home mortgage. There are ways to improve your score. Here are a few tips to get you started.
    DEBT CONSOLIDATION VERSUS CREDIT REPAIR
    What’s the difference between Credit Repair and Debt Consolidation, and how each can affect your ability to get a home mortgage?
    FIRST TIME HOME BUYER TIPS VIDEO 1 OF 2
    Buying your first home can be a scary experience, and there are a hundred ways things can go wrong. In this video series Tim offers tips and advice that can help the process go smoother.
    #34. GETTING YOUR HOME READY FOR A SPRING SALE
    If you’re thinking about selling your home this spring you need to think about the condition of your yard. Did winter reek havoc on your lawn? Are the weeds taking over? Is the yard full of limbs and debris? Before the for sale sign goes out, let’s talk about doing a little spruce up!
    #33. IS A CAREER IN REAL ESTATE RIGHT FOR YOU?
    Video 1 of 4…. You may think a career in real estate is right for you, but becoming a successful real estate agent is not as easy as you might think, or as easy as some people make it look. Watch this series of videos to make sure a career in real estate is right for you.
    #32. IS A CAREER IN REAL ESTATE RIGHT FOR YOU?
    Video 2 of 4…. You may think a career in real estate is right for you, but becoming a successful real estate agent is not as easy as you might think, or as easy as some people make it look. Watch this series of videos to make sure a career in real estate is right for you.
    #31. IS A CAREER IN REAL ESTATE RIGHT FOR YOU?
    Video 3 of 4…. You may think a career in real estate is right for you, but becoming a successful real estate agent is not as easy as you might think, or as easy as some people make it look. Watch this series of videos to make sure a career in real estate is right for you.
    #30. IS A CAREER IN REAL ESTATE RIGHT FOR YOU?
    Video 4 of 4…. You may think a career in real estate is right for you, but becoming a successful real estate agent is not as easy as you might think, or as easy as some people make it look. Watch this series of videos to make sure a career in real estate is right for you.
    #29. SHOULD YOU HELP YOUR KIDS BY A HOME?
    Video 1 of 2…. It’s only natural for parents to want to help their children buy their first (or second or third) home, but there are a number of things to consider before opening your wallet or writing a check. Watch this video now to make sure you don’t regret things later.
    #28. SHOULD YOU HELP YOUR KIDS BY A HOME?
    Video 2 of 2…. It’s only natural for parents to want to help their children buy their first (or second or third) home, but there are a number of things to consider before opening your wallet or writing a check. Watch this video now to make sure you don’t regret things later.
    #27. IS HOME OWNERSHIP RIGHT FOR YOU?
    Popular marketing guru Gary Vaynerchuk started a firestorm recently when he said home ownership is no longer the American Dream, and that the money put down on a home should be invested elsewhere. The Real Estate Industry fired back with stats that show that home ownership is still one of the best investments you can make. I straddle the fence on this one. I think it depends on a number of factors. Is home ownership the best investing strategy for you? Watch this quick video for more.
    #26. HOW BUYER EMOTIONS CAN KILL A REAL ESTATE DEAL
    The one thing that has killed more real estate deals than anything else is EMOTION. Buying a house is an emotional endeavor, with super highs and desperate lows. In part 1 of 2 Tim talks about emotions from the buyer’s side of real estate and how it sometimes trumps logic and reason.
    #25. HOW SELLER EMOTIONS CAN KILL A REAL ESTATE DEAL
    The one thing that has killed more real estate deals than anything else is EMOTION. Buying a house is an emotional endeavor, with super highs and desperate lows. In part 2 of 2 Tim talks about emotions from the buyer’s side of real estate and how it sometimes trumps logic and reason.
    #24. THE FIRST MOST COMMON MISTAKE PEOPLE MAKE WHEN SELLING THEIR HOME
    There are 4 common mistakes many – if not most – home sellers make when they decide to sell their home. This video addresses Mistake #1!
    #23. THE SECOND MOST COMMON MISTAKE PEOPLE MAKE WHEN SELLING THEIR HOME
    There are 4 common mistakes many – if not most – home sellers make when they decide to sell their home. This video addresses Mistake #2!
    #22. THE THIRD MOST COMMON MISTAKE PEOPLE MAKE WHEN SELLING THEIR HOME
    There are 4 common mistakes many – if not most – home sellers make when they decide to sell their home. This video addresses Mistake #3!
    #21. THE FOURTH MOST COMMON MISTAKE MOST MAKE WHEN SELLING THEIR HOME
    There are 4 common mistakes many – if not most – home sellers make when they decide to sell their home. This video addresses Mistake #4!
    #20. THE 3 THINGS TO CONSIDER BEFORE STARTING YOUR NEXT HOME SEARCH
    Looking for a new home is exciting and exhausting. There are a number of things you can do to shorten your search. Here are Tim’s Top 3 Things You Should Know Before Shopping For Your Next Home.
    #19. WHY MOST BUYERS CAN’T AFFORD 20% DOWN
    When you buy a home it’s important to put down as big of a down payment as possible. Doing so puts you in a better buying position and can save you tens of thousands of dollars in finance charges. Statistics show that only a small percentage of buyers can afford to put down 20%. There are alternatives that let you get by with putting down less, just be prepared to foot the bill over the long run.
    #18. THE 5 THINGS YOU SHOULD DO TO HELP YOUR HOUSE SELL QUICKER
    There are a number of things you can do t help your house sell quicker. Some require a little money, other’s a little elbow grease. Here are Tim’s top 5.
    #17. THE DIFFERENCE BETWEEN HYPE AND REALITY
    Hype makes the world go round. And the real estate industry is no different. Every company hypes their services, whether it’s “instant offers” or “we’ll buy your home if it doesn’t sell” or “save with our flat listing fees” … Hype is what gets your attention. Hype is not a bad thing. Not being able to see through the hype, however, is how you get taken advantage of.
    #16. THE TOP FOUR THINGS TO CONSIDER BEFORE PUTTING YOUR HOME ON THE MARKET
    Before you make the decision to sell your home, there are a ton of decisions to be made and things to be considered. Here are Tim’s top four things you should think about before putting your home on the market.
    #15. THE FOUR MISTAKES MOST FIRST TIME HOME BUYERS MAKE
    First time home buyers may not have a clue how the process works or what’s involved. Here are the Four Mistakes First Tim Home Buyers make the most courtesy of Barbara Corcoran and Tim Knox, Huntsville Alabama Realtor.
    #14. HOW THE CONDITION OF YOUR HOME AFFECTS THE SALES PRICE
    The condition of your house determines the sales price. Whether your house is new, like new, good as new, dated, outdated, or ready for the bulldozer, condition drives the price.
    #13. HOW THE CONDITION OF OUR HOME DETERMINES HOW LONG IT WILL BE ON THE MARKET
    This is the 3rd video in a series on how the condition of your home determines not only the price, but the type of buyer and the time the house may be on the market.
    #12. HOW YOUR HOME’S CONDITION DETERMINES WHO THE BUYER WILL BE
    The condition of your home not only determines the price you can realistically expect to get for it, but also the type of buyer who may be interested in buying the house. There are 5 types of home buyers, each with expectations of what they should pay for your home. Given the condition of your home, which type of buyer will you attract?
    #10. HOW IMPORTANT IS SCHOOL DISTRICT TO YOUR HOME SEARCH?
    A recent Realtor.com survey of 1,000 new home owners showed that the #1 consideration when buying a home was the school district …. The majority said they compromised on other things so their kids could go to good schools.
    #9. SHOULD YOU GET A FIXED OR ADJUSTABLE RATE MORTGAGE?
    There are “fixed rate mortgages” which offer a rate that never changes over the life of the loan, and there are “adjustable rate mortgages” which have a rate that rises and falls based on a number of economic factors. Both have pros and cons, but which is right for you? Here are a few tips on picking the kind of interest rate that’s best for you.
    #8. THE 10 THINGS YOU SHOULD DO BEFORE PUTTING YOUR HOUSE ON THE MARKET
    There are lots of things you should do before putting your house on the market that can help it sell quickly for the most money possible. Here are a few suggestions from my personal top 10 tips to help you get started. Video 1 of 3.
    #7. THREE MORE THINGS YOU SHOULD DO BEFORE PUTTING YOUR HOUSE ON THE MARKET
    There are lots of things you should do before putting your house on the market that can help it sell quickly for the most money possible. Here are a few suggestions from my personal top 10 tips to help you get started. Video 2 of 3.
    #6. THE LAST 3 THINGS YOU SHOULD TO BEFORE PUTTING YOUR HOUSE ON THE MARKET
    There are lots of things you should do before putting your house on the market that can help it sell quickly for the most money possible. Here are a few suggestions from my personal top 10 tips to help you get started. Video 3 of 3.
    #5. HOW TO STAGE YOUR HOME FOR QUICK SALE
    When selling a home, staging can make all the difference. Here are a few tips on how to easily and inexpensively stage your home so it sells quicker.
    #4. WHAT IS A DOWN PAYMENT?
    A down payment is made by the buyer at the beginning of a home purchase to show commitment to the transaction. How much should your down payment be and where will the money come from? Watch the video to learn more.
    #3. HOW TO IMPROVE YOUR HOME’S CURB APPEAL
    If your home lacks curb appeal, buyers may not bother coming inside. Watch the video to learn how to improve your home’s curb appeal.
    #2. HOW CONDITION AFFECTS SALE PRICE
    The price someone will pay for you house usually depends on the condition it’s in. The nicer the house, the higher the price.
    #1. DON’T BUY THE FIRST HOUSE YOU SEE
    Finding the perfect home can be quite an undertaking, but don’t feel rushed into making a decision without first considering all of your options.