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Showing posts from August 25, 2024

The 3 day Tom Ferry Real Estate Coaching Success Summit in Downtown Dallas, Texas, August 2024. I went.

 https://www.tomferry.com/ August 27-the 29th. 3 Full Days @ Kay Bailey Hutchinson Convention Center in Downtown Dallas, Texas. Extremely well attended, with over 5,000 Agents & Brokers from across the USA & Canada. I  was re-invigorated and learned some new things.  My 3-4 goals are to: -Get More Listings Silent, Active, Lease or Sale - Focus My time on Income Generating Activities or Prospecting -Try and convert our Austin Silent Market Testimonials to Google Reviews. -Perhaps Revisit Gifting Client Pop-Bys. George Vance McGee Broker Associate 512.657.9281  georgevance@gmail.com AustinSilentMarket Realty  George, you’ve just experienced the most transformative days of the year at Success Summit 2024.   Over those three information-packed days, you learned about industry trends and strategies, building connections, mastering new techniques, setting actionable goals. and gained valuable insights through dynamic workshops and engaging panels. It...

Realtor Tip of the Week: Let's Talk Non-Warrantable Condos ( From a Mortgage Lender's Perspective)

  I wish I had a dollar for every time I’ve been asked if a certain condo is warrantable or not. It’s not an easy question to answer. The reason is that the warrantability of a condo can change on any one day. But what is “warrantability”? The short answer: for a condo to be warrantable it must meet Fannie Mae, Freddie Mac, FHA or VA guidelines in order to close one of these transactions. These four entities are called “agencies” and when a lender underwrites a loan to agency guidelines, that loan can be packaged and sold in the marketplace. The entity that bought the loan can be assured it meets the guidelines set by these agencies. A loan that does not meet agency guidelines, has to be serviced by the originating bank or they have to find a buyer for it. The most common non-agency loan is a jumbo mortgage.   Condos are risky to lenders. There are a lot of moving parts: multiple owners, HOA’s, management companies, etc..  Like I mentioned, on any one day, a condominium p...