Internet Marketing Stats for Homebuyers and Sellers

This article right here is the crux of my listing presentations when it comes to the question “What do you do to sell a home?”  When 92% of all homebuyers are using the internet as their first source to find a home, it would behoove us as agents to spend most of our time capturing those buyers’ attention.

See Article here

For sellers, internet marketing is not just a “put on website and wait” strategy.  It’s a very active and rather-skilled process that needs a lot of thought and care.  Because buyers can now see thousands of homes online at once, “curb appeal” is now on the computer screen, not the street.   You only get just a few seconds to make an impression with your online listing to make it stand out.  With the myriad of real estate websites out there, making sure your home is presented uniformly across those platforms can be daunting and time consuming.  Just one Trulia listing from start to finish can take 30 minutes.  Imagine doing it 350 times, which is the number of websites KW syndicates to through our partnerships!

The internet is very powerful but can also be very intimidating when marketing a home.  Be sure to hire the right agent who can navigate it to your advantage.

 

David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Office: 225.744.0044
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
www.DavidMadaffari.com
Each office independently owned and operated

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Alternative Ways to Payoff your Mortgage Early

Everyone gets them when they buy a new home – the inundation of marketing that comes in the mail touting their bimonthly or biweekly plans to pay off your mortgage faster than the term of 30 or 15 years.  While paying off your mortgage early is always a good thing, simple math will help you determine if the plans marketed to you will actually help you reduce your term significantly.  The article below describes each “plan” and then suggests a very simple alternative that will make you go “Aha!”

Alternative Ways to Payoff Your Mortgage Early

To simplify it even more, just make one extra full payment each year – 13, instead of 12.  On that 13th payment though, be sure to make it clear you want it applied to the principal only.

Sincerely,

David R. Madaffari, Realtor
Keller Williams Realty – First Choice
Office: 225.744.0044
Cell: 225.772.3283 (DAVE)
37325 Market Place Dr. Ste D
Prairieville, LA 70769
www.DavidMadaffari.com
Each office independently owned and operated

More Flood Insurance Notes

Today I met with some fine people at Brown & Brown Insurance to learn more details about how these flood rate changes are being affected.  It seems that as the days go on, more and more information comes out about how exactly the flood insurance rate changes are going to work, what is transferable, grandfathering, etc.  And because I do not have a transcript of our conversation, I will just do this in note form…

  • Grandfathering vs. Subsidized Rates – From my conversation, these two terms are being used interchangeably, but they are actually quite different.  Grandfathering is for post-FIRM buildings, or homes built after the flood maps were in place.  This allows insurers to keep the same rates in place when transferred from owner-to-owner.  Pre-FIRM properties, or those built to code before maps were in place, are said to have subsidized rates and are not considered grandfathered (they were only transferable).  Therefore, under the new law passed a few weeks ago these policies can be transferred again, but they can’t be grandfathered upon renewal.  If the pre-FIRM policy was done with an elevation certificate, the policy is transferrable to a new owner but only until the next renewal, thereupon the new rate increases will take affect.  Phew!
  • Rate increases – My conversation led me to believe that eventually all policies will start to see rate increases as soon as this year.  However, the increases should be in line with normal homeowner insurance premiums, between 5%-15%.  Ideally they should align to about 1% of the home’s value at first, and then rise each year.  They key here is that the mandatory 25% rate increase is NO LONGER in effect, but rather a more gradual increase to allow for price adjustments and affordability to be measured.

There are still many things that are still being sorted out about this flood insurance business, and as new information comes out i will be the first to let you know.  My personal opinion after letting it all sink in is that the bill may have helped a lot of people in the short-term but ultimately it will have a significant affect on the affordability or “sell-ability” of houses in the future.  Rather than a quick punch in the gut, it’ll probably be more like a bunch of pin pricks.

– David