Clever acronym aside, AREA is not a place but rather a newly created entity to the real estate industry. It stands for "American Real Estate Association" and its ambition is to offer real estate agents a professional trade organization alternative to NAR (National Association of Realtors®). Officially launched in January 2024 at Inman Connect, AREA offers a choice to brokerages and agents concerned by current legal challenges taking place in the NAR organization. Following is the skinny on who is AREA and what should you know about it: … [Read more...] about What is AREA and What You Should Know About It
How to Make the Most of Tax Deductions for Real Estate Agents
As the tax filing deadline for 2023 draws near, it's time to roll up your sleeves and chase down your eligible deductions for the year. Doing this right could be the difference of thousands of dollars. Itemizing your deductions for your real estate business is both the beauty and curse of running your own show. Make sure you zero in on every eligible deduction possible in order to get the most out of your business income. This information offers awareness of key tax deductions for a real estate business but is not tax advice. A critical caveat: make sure to consult with your tax expert for any and all tax decisions made for your business. Following is a list of how to make the most of tax deductions for real estate agents: … [Read more...] about How to Make the Most of Tax Deductions for Real Estate Agents
Declutter and Fall in Love With Your Home Again
Decluttering your home can be overwhelming for most of us, but your efforts should result in a refreshing and less stressful environment. Here are a few tips from the experts to help you get started. Declutter and Fall in Love With Your Home Again. … [Read more...] about Declutter and Fall in Love With Your Home Again
3 Things to Know About a Home Warranty
February 10 is National Home Warranty Day. This day was created by home warranty company 2-10 HBW (2-10.com) in 2016. The purpose of Home Warranty day is to remind homeowners how having a home warranty can protect their home's valuable systems and appliances. Here are 3 things to know about a home warranty. 1. A home warranty is different than home insurance. The warranty covers the costs of service, repair, and/or replacement of specific appliances or systems due to normal wear and tear. Your home insurance will take over for damage or loss due to fire, water, or other unexpected event damages to your home. 2. Today's houses are full of complex appliances and technology. These systems can stop working anytime- unexpected repairs can wreak havoc on your budget. 3. A home warranty … [Read more...] about 3 Things to Know About a Home Warranty
Keep These Things in Mind for Sell Season 2024
"Success is built on the back of preparation." -Unknown April is right around the corner, which in the real estate industry is prime kick-off time for the 2024 sell season. This means any leads you made November through February are possible listings. Sixty percent (60%) of sellers spend up to three months preparing their homes, and your professional guidance will be highly sought after. And seventy-five percent (75%) of sellers contact an agent as soon as they start thinking about selling their home--think now. Meanwhile, inventory levels are expected to decrease by 14% (YoY) for 2024, and interest rates, though going down, remain one of the biggest challenges for both buyers and sellers. As we move into spring, keep these things in mind for sell season 2024: … [Read more...] about Keep These Things in Mind for Sell Season 2024