Friday, November 30, 2018

Should You List Your Home Winter? | Tristan and his WHITEBOARD LIVE!

Should You List Your Home in Winter? 

Tristan and his WHITEBOARD - LIVE!



 

Should you list your home in the winter?  Or keep it active through the Holiday Season?

Hi everybody!  This is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE!

Today we're going to talk about something that's pretty important as we're getting close to the holiday season and winter. And that question is: should you keep your home on the market or should you list your property through the holidays and the winter time?  And the answer actually is - it depends!  (of course, right?)

Less Competition

My first point for the reason that you should keep your home on the market or still list your property is there is less competition.  You've got people that are like "You know, I'm just gonna wait till spring to list my home because it's the busy season...  blah blah blah.”

But there people that are coming into town and they need to buy home in December. So, if yours is only one of the “X” number that are available, you have a better chance of getting yours sold…because you didn't take it off the market and wait until spring to sell.

That might give you the best reason right there for keeping your home on the market.

If your home isn't on the market, you're not going to be able to sell the thing right?

Now, I don't want to be the one to say this is definitely going to happen for you.  Some Decemebers are great.  We've had great Januarys where we sold a lot of homes. But there have also been Januarys and Decembers where home sales are really, really slow.

Now typically, it does tend to slow down and the market will pick back up again in Spring. But if you list in the Spring with everybody else, then your competition is a lot higher, so you may not sell your home at that time either.

If your property is one that's been sitting on the market for awhile and you might just need that extra amount of time frame to get that buyer to come along at the right time.

Holiday Cheer

The other point to consider is Holiday Cheer.

If it's a very festive year - people are busy partying and having a good time going to people's houses and doing that kind of thing, real estate has a tendency to slow.  People are out doing other things that they enjoy more. However, if it's kind of one of those bah humbug sort of years, people are out buying, people are out selling, things happen in business a little more in those type of years.  Now of course that's kind of hard to judge, but it is a good point to realize how that happens.

Time Frame

And the third point of course is your time frame.  How soon do you need to sell? Where you at in your life as far as getting the property sold.

If it's something like "Well, you know, I can still next year, no big deal." Then you might consider not wanting to move during the winter and list in the Spring.  Certainly, up to you and how that works for you.

But if you need to sell and you really looking forward to get that property gone, you probably should keep it listed on the market because, as I said before, you can't sell if it isn't listed.

So those are my three points for selling during the winter for you to think about and for you determine what you might want to do.

If you have any questions please get a hold of us. We can look at the numbers and give you some ideas on how things work for where you are at in your neighborhood and how things have been selling.

Thanks again for watching Tristan and his WHITEBOARD. We will talk to you next time!

Thursday, November 15, 2018

Sometimes You Gotta Win Clients Over | An Emond Team Client Story

Lunch with Brian

Sometimes we have to win clients over.

Bad past experiences with another realtor can really suck.

In 2013, Brian and Mahala’s kids were gone.  It was time to downsize from their family home to a West Boulevard charmer.

A mutual friend hooked us up and we got the call to help out.

We had our work cut out for us.

When Brian and Mahala originally bought their home, Brian never felt like his agent had their back.  He silently questioned his loyalty and whether or not their best interests were really at the forefront.

Which led to a general distrust of realtors.

Understandable…

Since Mahala’s job at the time allowed minimal contact during the day, Brian became the guy to deal with “them thar” realtors.

Sarah and I were managing both transactions at once – making sure the buyer bought their house and arranging for the purchase of their new one.

It was a BUNCH of emails, texts, and phone calls.

And fortunately, with consistent communications and updates, we changed his mind about real estate agents.

“They made me believe again”

“The process was seamless from A thru Z. It could not have been more trouble-free. Tristan and Sarah held my hand through the entire process (figuratively). Tristan worked closely with our banker, inspector, and title company. He left nothing undone and kept a close eye on the details of the two transactions (even to the extent of gently nudging me on occasion)”

Since then, we have leased commercial spaces for his family.  We even helped Mahala into a wonderful space for her business when she decided to venture out on her own.

But it doesn’t stop there.

We regularly meet for lunch.  We talk about our kids, our businesses, Brian’s soccer and my football.

Because this real estate stuff is more than buying and selling.

It’s a relationship.  It’s a family.  Doing it right.


If you are ready to start your real estate journey with the Emond Team and become part of our family…let’s meet up.  We ain’t scary.  😊

Send us a message or hit up our website:

https://rapidcityhomes.net/emond-team/

We'd love to work with you!

- Tristan

Tuesday, November 13, 2018

Sewer Line Issues and Your Rapid City Home Sale | Tristan and his WHITEBOARD - LIVE!

Tristan and his WHITEBOARD - LIVE!

Rapid City Home Sewer Line Issues and the Home Sale



Sewer line issues and the home sale.

Hi everybody, this is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE!

Yes, I've got drawings on my board already and no - my kids did not draw them...I did.  Yes, I am an artist. I've even got the sun shining on the house!

Today, we're going to talk about sewer lines.  And this is a very important thing to talk about when it comes to the buying and selling transaction because...we will talk about now!

The sewer line, as we know, runs from the house all the way to the street.  As a homeowner in Rapid City, you are responsible for everything from here to where it connects into the city line.

Now, normally that's not a problem.  You've probably never even thought about it.  It's always worked, so not a not a big deal.

The issue comes into play where you have an older home - especially in the 40s to the 60s in the southeast part town.  Those homes were built with a pipe called Orangeburg. And that pipe was basically a hard cardboard.

What happens is over to the course of time, with all the moisture and the tree roots and everything, those pipes start to collapse. I've seen some that gone down to this. I've seen some of them nothing.

As a buyer, you're going to want to spend the money to get a scope of all the line to make sure that that is clear of any problems.  So you're not dealing with the sewer backup.  If we need to replace this line, it's a good $5,000 bill.  We want to make sure that that is covered for you as a buyer.

And as a seller you’ll want to consider the fact that hey – yeah, you have never replaced your sewer line, and you've never done anything with it...you may want to think about that's something that a buyer coming to buy your home might be concerned with.

Now obviously on the newer homes that have the PVC pipe lines already installed, not generally too worried about those. Those usually hold up pretty well.

But the older homes...as a buyer's agent I'm going to be running a sewer line scope just to make sure that those are in place and it's not going to be huge bill for the buyer.

I've had a few deals where those deals have broken apart because of that scenario.

Now there might be a couple - there's a couple of easy ways to kind of get a general idea of has it been replaced yet or not.  If you look on the street a lot of times, you'll see a cut out from the concrete.  Also, on the yard, you'll see a - somewhere in the front yard - you'll see a clean-out there. 

If you see these two things, you probably have a good idea that it has been replaced at some point.

Not that I will still wouldn't want to run the sewer scope, but that might be a good indication that it's been replaced at some point.

So, there we go - the sewer line.

I got through it without even making any crappy puns!

Have a great day everybody!  We'll talk to you next time.

Monday, November 12, 2018

Do You Need 20% Down to Buy a Home?


Do you Need 20% Down to Buy a Home?

Tristan and his WHITEBOARD - LIVE!



Hi everybody, this is Tristan Emond with Mindful Living Realty.

Welcome back to Tristan and his WHITEBOARD - LIVE.

Here again with Angelia Dale with Gateway Mortgage.

Today we're going to talk about something that's kind of prevalent in the mortgage industry, especially.

It's the thought form that you have to have 20 percent down to buy a home.  And hey - who has that kind of money anymore? I mean, if you do, you know, you can bring my way...

Anyway, so this question is: "Do you really need 20 percent down to buy a home in today's market?"

You don't!  So, there are...we have our conventional loans which you can do 5% down.

You can do the government loans which require zero to three and a half percent down.

There's a lot of different options.  Which, you really want to talk to the loan officers.  "Okay what program best fits?"

If you don't have the assets, we have South Dakota Housing for first-time homebuyers which can help with a down payment.

Or if you have 20% down, you won't have mortgage insurance on a conventional loan.

There's a whole bunch of variety of options.

But you DO NOT have to have 20% down to buy a house.

All right! So basic storyline here is, don't be afraid to contact your mortgage broker and say "Hey this is what I've heard.  What can I do?  what can I afford?"  And go from there.

Yeah! There are many options.

Sounds good, thank you!  Talk to your mortgage broker and we'll see you next time on Tristan and his WHITEBOARD!

:)


- Tristan


Angelia Dale legal info:
Angelia Dale, Loan Originator, NMLS #175544
Gateway Mortgage Group
Rapid City, SD
605-490-2246
angelia.dale@gatewayloan.com

Gateway Mortgage Group is a registered service mark of Gateway Mortgage Group, LLC NMLS 7233. All loans subject to program guidelines and final underwriting approval. Contact local branch for details. 1301 W Omaha St #118, Rapid City, SD 57701. South Dakota Mortgage Lender License #ML.05071.

Tuesday, October 30, 2018

Four Minutes to Beat the Competition and Win the Home - an Emond Team Client Story

Four Minutes to Beat the Competition

An Emond Team Client Story



FOUR Minutes.  It only took 4 minutes for Claton and Renee to beat out the competition and get their home.

Wait, wait.  Let’s back up….

Claton and Renee were ready to buy a home.  Kid was on the way, their space was too small…it was time.

They had some unique needs in a Westside home that, quite honestly, I was skeptical we could find in their budget.

But then we walked into what would be their new home.  (spoiler alert)

It was springtime.  In Rapid City.  And the market was hot.  I called the listing agent to let him know an offer was coming.  He had just received one that day.

BAM.  Bidding war.

Claton and Renee were not discouraged.  They presented a strong offer that included a “we’ll pay ‘x’ more than those guys” clause.

The next morning, I got a call.

“Both offers were pretty similar,” the listing agent said.  “Here’s what we are gonna do.  At 1:30, I’m going to send both parties a counter.  The buyer that gets it back to me first wins.”

Game. On.

I immediately called Claton and Renee and told them the situation.  (the “sitch” if you are Kim Possible fans…)  Then we practiced.  I sent them a document to digitally sign through our e-sign system so they knew what to expect.

The next few hours we waited.  I. love. waiting.

1:30 – email came in.

Save to file, upload to system, send to Claton and Renee.

Text to both:  GO! GO! GO!

Claton signed….

Renee signed….

I got it back…

Download the file…come on, computer – faster!

Upload to email….SEND!

FOUR MINUTES.

S  O  L  D

The other agent hadn’t even been able to contact his people yet.

Thanks to Claton and Renee’s attention to detail and the ability to quickly sign digitally, they got their perfect westside home to start their family.

I walked around the rest of the day with my hands in the air.

YES!

Are you are ready to begin your real estate journey with the Emond Team?  You deserve a fantastic real estate transaction.  Schedule a time with us!

https://rapidcityhomes.net/emond-team/

Tuesday, September 25, 2018

Why We Do What We Do - A Personal Story by Tristan Emond

It was getting cramped in the double wide mobile home. Michael and Seth were in bunk beds in one room and Isaiah and Emily shared the other. Fortunately, that was on the other side of the house from our master bedroom. 😁 On those cold winter days when the kids didn’t get a chance to go outside, the open living room/kitchen/dining room got a bit noisy. Fortunately, real estate was took off in 2008 and we got the thumbs up to look for a home. It was a simple matter: the BIGGEST house for our budget. (those 4 kids ain't gonna get any smaller!) We settled on a 4 bedroom split level home with detached garage. The previous owner had built an addition on the side giving us a family room upstairs and unfinished bedroom in the basement. This is where my kids have grown up. Not their first steps or first days at school, but it's where they played basketball and tether-ball. ✔️ We built a patio for the 10 foot pool. ✔️ They went to middle school. ✔️ They learned to drive (so glad THAT's over with...) ✔️ We had meals around the table and movie nights in the family room. ✔️ Friends came over and spent the night. (And still do...) ✔️ They studied for finals. ✔️ 2 boys graduated. It’s nothing fancy. It needs some upgrades that the orthodontist bills took precedence over. But it’s home. It’s OUR home. We feel safe and secure. ‼️ I remember how I felt the first time I came home from the office: I drove my car into the garage. Pulled my briefcase from the back seat. And shut the garage door. (yeah - no power in the garage...) And then I 😁 smiled. I worked for this. I was providing a place for my family to grow, laugh, play, and cry. Home. ➡️ THIS. This is what I want for you. This is why I do what I do. ⬅️ How can we help you feel awesome today? Let's connect!

The Beginning

It was getting cramped in the double wide mobile home.

Michael and Seth were in bunk beds in one room and Isaiah and Emily shared the other.

Fortunately, that was on the other side of the house from our master bedroom. 😁


On those cold winter days when the kids didn’t get a chance to go outside, the open living room/kitchen/dining room got a bit noisy.

Fortunately, real estate was took off in 2008 and we got the thumbs up to look for a home.

It was a simple matter: the BIGGEST house for our budget. (those 4 kids ain't gonna get any smaller!)

Our First "Real" Home

We settled on a 4 bedroom split level home with detached garage. The previous owner had built an addition on the side giving us a family room upstairs and unfinished bedroom in the basement.

This is where my kids have grown up.

Not their first steps or first days at school, but it's where they played basketball and tether-ball.
✔️ We built a patio for the 10 foot pool.
✔️ They went to middle school.
✔️ They learned to drive (so glad THAT's over with...)
✔️ We had meals around the table and movie nights in the family room.
✔️ Friends came over and spent the night. (And still do...)
✔️ They studied for finals.
✔️ 2 boys graduated.

It’s nothing fancy. It needs some upgrades that the orthodontist bills took precedence over.
But it’s home. It’s OUR home.

We feel safe and secure.

I remember how I felt the first time I came home from the office:

I drove my car into the garage. Pulled my briefcase from the back seat. And shut the garage door. (yeah - no power in the garage...)

And then I 😁 smiled. I worked for this. I was providing a place for my family to grow, laugh, play, and cry.

Home.

➡️ THIS. This is what I want for you. This is why I do what I do. ⬅️

How can we help you feel awesome today?

Let's connect!

Tristan and Sarah Emond, Mindful Living Realty
605-391-7086

Friday, September 7, 2018

Rapid City Real Estate Market - Summer of 2018

Rapid City Real Estate Market Report

Summer 2018


by Tristan and his WHITEBOARD – LIVE!


Hey Everybody I’m Tristan Emond with Mindful Living Realty. Welcome back to Tristan and his WHITEBOARD- LIVE!
So, let’s take a look at some of the numbers we’ve got for the summer from May through August.  I put it into very high tech fancy graphic I got going on here.
So you can see the active numbers in 2017 vs 2018.  And we actually had quite a few more active in 2017 than we did in 2018.
However, the solds are about the same as far as the number.
Then we can see a pretty normal downhill trend towards August as people are finishing vacations and that kind of thing. Usually we see things kind of boot back up come September.  We’ll see how things go from there.
You can see here – since we have so many so many fewer listings on the market and about the same amount of sales, we actually have less homes on the market now than we have last year.  This is evidenced by the average six months sales around rapid city have been 37 days on market.  So we’ve been selling quickly and they’ve been selling for 98 percent of list price.
The market still is moving right along. We’re not seeing anything that’s going really, really slow at this point…aside from the typical end of summer doldrum there.  We’ll will probably pick right back up here until we’ll see what happens in November.
There we go!  Rapid City Market Report for the summer.
Have a great day, everyone!
Thanks for watching Tristan and his WHITEBOARD – we’ll see you next time!

Wednesday, August 22, 2018

New Video online! 6140 Timberline Road West

New video is UP!


6140 Timberline Road West
Rapid City SD 57702



6140 Timberline Road West - Rapid City, SD  57702.  NEW PRICE - now only $434,900!

This 2,200+ square foot 2 story home sits on 6 acres has Black Hills AND Rapid City night views.  360 Degree Views!  And you're only 5 minutes from town on blacktop roads...
Quick stats:
  • 3 Beds
  • 2.5 baths
  • 2,216 square feet
  • 2 car drive under garage
  • 2 car detached garage
  • 6 acres
The More Floofy Stuff: (If I blog it, it's a word...)  :)

With over 900 square feet of deck, you can watch the sun rise, the sun set, the deer around the circle driveway...hear the wind whistling through the trees, watch the storms come in....you get the picture.

I love the huge living room upstairs with 6 foot diameter gas fireplace.  Big picture windows all around to take in the views while you are inside.

Remodeled kitchen!  New tile backsplash, counters and flooring.  Plus brand new LG stainless steel appliances!

Each room downstairs has its own window to the trees!

Master Suite has been remodeled as well.  The new 36x60 tub. surround, and glass door look great and new vinyl completes the look.  There's even a cool sliding barn door into the master bedroom.

New furnaces, Air conditioner, and water heater.  There's even a smart thermostat - operate your system remotely!
Hot tub stays!

Wildlife. Views. Nice house.

Watch the video.  I had some fun with it so please smile.  Then send me a message.  You gotta see it in person.  The video and pics really don't do it justice!

For more pics, info and floor plan:  www.6140Timberline.com.

Toodles!

Tristan
605-391-7086

Tuesday, July 10, 2018

5147 Coal Bank, Rapid City Home for Sale by Mindful Living Realty

5147 Coal Bank, Rapid City SD 57701

Home for Sale by
Tristan Emond, Mindful Living Realty



You are going to LOVE everything about this home!

Yes, I know "pride of ownership" is a really overused word in real estate.  But that is this house!  The owners have done everything right!

This 4 level home has:
  • 4 bedrooms
  • 3 full baths
  • 3 car garage (insulated and heated!)
  • 2 master suites
  • Surround sound in the family room
  • Picture window in the living room
  • Breakfast bar
  • Beautiful kitchen
  • Deck with hot tub
  • Huge master suite in basement with dual sink and jetted tub in the master bath
  • And so much more
Nice corner lot with views of some hills and trees.

Check out more pics, floorplans and details at www.5147CoalBank.com.

Awesome Possum!

Toodles,

Tristan

Thursday, June 14, 2018

3736 Park Drive - Rapid City Townhome for Sale | Listed by Mindful Living Realty

3736 Park Drive
Rapid City, SD 57702

 

Westside Townhome!


Welcome to 3736 Park Drive in Rapid City!

This 4 bedroom, 2 bath townhome is minutes away from Corral Drive Elementary and Southwest Middle Schools.  Or take the sidewalk north to Canyon Lake Park.

Great location with no one directly behind you.  Your backyard neighbors are way up on the hill.  :)

Other features include:
  • 1 car garage (sheetrocked)
  • Fully fenced backyard
  • Dog door out to the cool patio
  • Hot Tub ready!
  • Main Floor Laundry
  • Breakfast Bar
  • Dark Laminate Floors
  • Tiled main shower
  • Picture window out the living room
  • Family room would make an awesome theater room!
Plus the mechanical room is huge!  It could be a craft room, hobby area, computer room, workout room, or just space for some junk!

More details on the listing website:  www.3736Park.com

Call or text Tristan to take a look!  605-593-9367

Happy Summering!

Friday, May 18, 2018

April 2018 Rapid City Real Estate Market Report | Tristan and his WHITEBOARD LIVE!

Tristan and his WHITEBOARD - LIVE

April 2018 Rapid City Real Estate Market Report Edition!



(sorry about the audio - FB LIVE recorded bad...the voice will sync about 25 seconds in)


Hey everybody. Welcome to Tristan and his WHITEBOARD LIVE - real estate market edition.
We'll be talking about four -  just FOUR numbers today.  It should be pretty simple, pretty easy.

44 Days on Market

So, I did a search and I looked at days on market of homes in April of this year and it's at 44. So, we've got 44 days on the market from the time home gets on the market to the time it's under contract on average throughout the Rapid City area in April of 2018. 

And that's actually a few days down from 2017 in April last year as well.  And last year was pretty butt-kicking as well.

38 Days on Market

But then I thought let's play with the numbers a bit.

Let's see what happens when we go from May 1st to today.  So that gets us at 38 days on the market.  Of course, you know I thought -  probably not a bad idea...I've heard a few stories about things moving along pretty good.

28 Days on Market

So, I thought, let’s, you know, narrow down a little more.  I did the Rapid City area from May 1st to today under 300,000 – because the homes over 300,000 have a tendency to take a little bit longer to sell sometimes. And that brings us to 28 days on the market.

20 Days on Market

And I thought -  you know what…as I'm looking at these numbers and notice there's 7 of them that are over 100 days.  And I said, let’s get rid of those outliers and see where the normal - if they are over 100 days on the market, there’s probably some...a reason that they are over 100 days on the market.  So, let's take a look at anything under 100 days on the market.  And that turns out to be 20 days on the market. And a whole heap of them were under...were in single digit range.

So, we are seeing a lot of homes move very quickly. And, in fact, Amanda - one of our agents here at Mindful Living Realty - had a home she put on the market and she sold 30 minutes later.  That fast is how things are selling.

Fortunately, it's not as bad as, like, Florida.  I was talking with one realtor friend in Florida who had an open house for one listing – it was for three hours and has 21 offers on the property.  So, we're not that bad and that crazy yet but certainly things are moving fast.

It is definitely time to get your home on the market if you'd like to get sold.

We can get it sold for you. Give us a call if you have any questions.

And have a great day!

Talk to you next time on Tristan and his WHITEBOARD.

Friday, May 11, 2018

Buyers Closing Costs 101 | Tristan and his WHITEBOARD LIVE!

Tristan and his WHITEBOARD - LIVE!

Closing Costs Explained



Hey Everybody, welcome to Tristan and his WHITEBOARD LIVE!

And, as you can see, this is what happens when your daughter comes over after school and decides to draw on the whiteboard.  Quite entertaining. I was kind of wondering why the dog looks like a centipede with a number of different legs. Anyway, lot of fun for everybody but we'll erase that for now.

Alright. Today we are going to talk about closing costs.

What are Closing Costs?

First thing, of course, on the list is what are closing costs?

Closing costs are those funds needed by the lender and the closing department to complete the loan. They include things such as origination fee, the appraisal, the closing fee at the title company itself. all of your recording fees, etc, etc, etc. Everything that we need to take care of the of the loan process and getting it closed.

The other part of closing cost that we don't often talk about is the prepaids such as insurance.  You always have to pay in advance for your insurance, so that whole amount gets paid upfront at closing time. Also, the lender is going to take out 2-3 months’ worth of taxes and 2-3 months’ worth of insurance to kind of have a cushion for later on when they start paying those payments out for you after you buy your property.

Typically speaking, the closing costs end up being around 2-3% of the purchase price to get all those fees taken care of.

Seller Paying Buyer's Closing Costs

We're going to talk to the sellers first regarding these closing costs the buyer has.

If you've got a property around or under $250,000 dollar price point, you can expect that buyers are probably going to ask for closing costs.

Here's the deal - the buyer has to come up with 3 to 3 1/2% down payment (probably). Then they also have to come up with another 3% for closing costs, potentially.  Not a lot of...buyers don't have that.  They don't have that much cash put away to do that. So, to purchase your home, you may have to give some money to the buyer to help them purchase your home.

Unfortunately, this is the way things are right now. It's pretty common place for that to happen. Not a lot of people have 10% in their accounts to go ahead and use for down payment and for closing costs. Just expect that that could be in the offer.

Now it is completely negotiable. They can say, "You know what? I want three percent for my closing costs." You can come back and say, “No, we'll give you two percent.”  Or “No, we'll only give you one percent” or “I’m going to give you 500 bucks.” It is completely negotiable item.  But just know that if the buyers are cash strapped, they may not be able to purchase your home at all unless you help them with all of their closing costs.  Depending on the type of buyer and where you're at.  Those things can happen.

Also know that closing cost money isn't like coming out of your pocket right away. If they ask for five thousand dollars for the closing costs, you’re not reaching your wallet and pulling out of five crisp thousand dollar bills. Like you know, we all have in our wallets.... That will just come out of closing at closing.  So instead of getting $100,000 dollars cash, once everything was said and done, you'll only get $95,000. At closing, they take that five thousand dollars from your account, move it over to the buyer’s account. You won't exactly see it aside from that amount subtracted from your total amount coming out.

Okay that makes sense? So, some people have thought, "Hey I got to pay five thousand dollars cash for these people? Forget about it.” It does come of closing, still coming out of your total proceeds, but possibly a necessary item to help get your property sold. Okay FYI!

Buyers Asking for Closing Costs

Now number three, of course, we're going to talk to you buyers.

As probably you have understood, the sellers may not have a lot of interest in helping you buy the home with the closing costs that they may have paid themselves when they bought the home back a few years ago. There are already looking at spending “X” amount of money for the realtor fees.  Plus, then also spending money to help you get in the home, isn't always a fun prospect.

So, consider this when you're making your offer:

Let’s say you ask for $5,000 dollars to help pay closing costs, and you come in under $10,000 dollars the asking price.  The sellers are looking that as asking for $15,000 dollars low.  That's just what they're going to see, okay?   Cuz they're looking at their bottom line, right? So, you need to be considering that, as well, when you make that offer. If you need a considerable amount of closing costs you may need to offer closer to the asking price.  Sometimes we've done it before where we've given a little higher over the asking price to pull in some of those closing costs. That is an option.  Something we may have to talk to you about to see how that might work for you.

The other thing you might not need to consider is if you're working with a bank or lender that has a high amount of closing costs…there are other lenders in town that have lower origination fees. They have lower closing costs and still do a very good job with getting the process done. I’ve worked with a few of them.  A lot of them will help you in that process.

You may need to consider going to a different lender that offers a lower closing costs.  And of course, make sure that you check that the interest rates are the same and all the other things so that you have a better chance of purchasing a home. Especially in a tight market where, if you are competing with a number of other offers, and you need a lot of closing costs. If somebody else needs few (closing costs) or none at all, the chances are you're not going to win out in that scenario. So, in a tough spring market, especially in Rapid City, you might need to consider moving to another lender.

You might need to consider not asking for ALL the closing costs.  Maybe you can spend a few more thousand on the closing costs and only ask for a certain percentage. There are also some down payment assistant programs that you can - possibly - look into.  These might help cover your down payment, so you've got more cash to play with your closing costs.

All these different options to hopefully get you into the property without having a whole lot of closing costs to offer.

If you need all your closing costs paid for, ask for it. See what happens.  You can always do that.

I hope that clears up any questions I got for you about closing costs.

Of course, every situation is different and unique. Make sure you talk with your lender and your realtor about how you can make it best for you and your situation, whether you’re the buyer or the seller.

Alright. Thanks so much for watching Tristan and his WHITEBOARD LIVE!

We'll talk to you next time!  Have a great day.

Tuesday, April 17, 2018

Real Estate Market Report - 1st Quarter 2018 | Tristan and his WHITEBOARD LIVE!

Tristan and his WHITEBOARD - LIVE!

1st Quarter 2018 Rapid City Real Estate
Market Report



Rapid City Real Estate Market...

Hey everybody, how you doing today?  Welcome to Tristan and his WHITEBOARD LIVE! - Monday edition...after the storm with my marker. Managed to actually remember it's we can do the Rapid City Real Estate Market Report for the first quarter of 2018.

The Numbers

I've got a lot of numbers behind me - talking about how real estate has been happening in the past 3 months...the first quarter of the year.  Not only have I shown the last year’s numbers but also wanted to give you the different numbers per month. We can not only get a historical look, we can also see the trend as we're moving down through the year.

So, in 2017 you can see here we've got the number of active listings: 519, 549, 587 through the year.  It started to pick up each month.

This year has been pretty consistent following the 570's every month.

Now keep in mind that this active number is just a one day snapshot. One day this is how many active listings there are.  The next day there might have been 15 withdrawals and so many solds.  But at least it gives us an idea of how many actives there are on the market right now.

The other things to a look at is the number of homes that went under contract.  This really gives this the idea of the pulse of the market right now because we can see how many homes are going under contract each and every month.  So you can see: 44, 53, 53 in 2017.  And obviously you can see here in 2018 we've got considerably more under contract, especially here in this last month. We're seeing that even though we have less active in this month (of March), but more under contract.

So, the Rapid City Real Estate Market is still moving along fairly swiftly.

Absorption Rate

And we'll talk about one other thing that gives us a good idea of what type of market it is - whether it be a buyers’ market or a sellers’ market or balanced market. This is called an absorption rate.

The absorption rate determines how long until the market it absorbed. Or...if everything is to remain the same, how many months before we no longer have any more homes to sell.

So, what I've done is I've taken a six-month snapshot to look at how many homes have sold in the past six months and divided that by the six months (to get a sold-per-month number).  That means we’re selling 141.17 homes each and every month. Divide that by the number of actives we have - right here -in 2018. And we get around...real close to 4 months of inventory.

What we're saying here is that if this sold rate continues and no other homes go active on the market, we have four months until we're out of homes to sell.

Typically speaking around six is a balanced market that shows a really good middle of the road where neither buyer or seller have an advantage.  You get above six that means that homes are languishing on the market a bit, buyers can have the upper hand because there’s a number homes on the market and the buyers feel if they don't like that home they’ll find another home.

Four shows us that we’re in a pretty solid seller’s market.  Fewer homes in the market.  Buyers are looking for properties.  The sellers hold the upper hand because they've got the inventory. They typically will rule the market when you get to this scenario.

So, based on the numbers here -  seller's market exists. Now is a good time to list your home.  Buyers are having difficulty finding property sometimes.

But you buyers - keep looking, keep chugging away!

Give me a call to help you with any other real estate needs or any more explanations of how the real estate market is doing.  But as you can see here, sellers’ market continues... Welcome to spring market in Rapid City.  Seem to be the way things are rolling the past few years.

Give me a call and let me know your thoughts are.

Tristan Emond, Mindful Living Realty... Tristan and his WHITEBOARD.

See you later!

Friday, March 30, 2018

Productivity 101 - Tristan and his WHITEBOARD - LIVE! | Video

Tristan and his WHITEBOARD - LIVE!

Productivity 101
Minimize Distractions



Hey Everybody! Welcome back to Tristan and his WHITEBOARD - LIVE!  Productivity 101.

Today, we're talking about a little productivity tip...some things that I've used to help me get more stuff done in actually less time.  

Productivity 101 is keep your distractions at a minimum. Now obviously, no grand new idea here, but just a couple of tips that I’ve used to help me be more productive in my business and in my life.

Do Not Disturb

First thing we're talking about today is Do Not Disturb.

There's a button on your phone that allows you to push that button and - you know what?  Calls won't come through. The text won't bother you, you will not get disturbed on your phone.

Why is this important?  Because we've had things rammed our mindset that, to be successful, you must get up at five every morning and work till seven/eight o'clock at night and go, go, go, go! And while that might work for a while, you're going to get burnt out.

So, to me, you deserve time for yourself. You deserve to take time in the middle of the day and put that do not disturb on. Relax, slow down, take a deep breath. Meditate if you need to, take a nap - I love to take a nap in the middle of the day... It really just refreshes me.  Puts me back in the spot.

You know how it is in the middle of the day - three o'clock - you're trying to get something done and you just keep pushing through it. It takes you all afternoon to get that done. When if all you would have done was just taken a 10-minute break, gone outside and taken a walk, put your do not disturb on, turn the lights off in the office and sleep on the floor for 10 minutes. You would have had that done in no time.  Because you've refreshed yourself.  You’ve given yourself the chance to stop and take a moment and get back on top of things.

Use it. Do not disturb button. Plus, it's great at night. I’m always laughing when some people say "Yeah, your phone call woke me up" and I was like, "Why did you respond? If you're asleep, put the do not disturb button on! Don't answer the phone, they can leave a message.

Notifications

Second part. Notifications.

Whether that be your voicemail notifications, your social media notifications, your text message notifications. Your Facebook post notifications. Choose how you're going to have these notifications alert you on your phone.

I turned off my email notifications. Also, I turned off my Facebook notifications. I don't want that thing buzzing every time I get an email, a Facebook post, or a comment... I'll be looking at my phone all day long. I won't have a chance to sit down and get motivated into what I'm doing.

There are scientific studies have been done, that once you are working on something and you get disturbed, it takes you long time (I'm sorry I didn't look up the actual article I've seen it before) as far as how long it takes to get back into the groove. So, every time your phone buzzes, you look at it "ok - I'll look at it later"...But then it's going to take you that much longer to get back into things.

Decide what notifications you need for your business, for who you are, to be notifying you. For instance, I got my text messages as buzzing. Which means that if someone is going to text message me, I feel, like that's probably something important something I might need to look at right away. The phone calls of course, are set to come through. But my e-mails, I'll check it every once and awhile. Facebook, I'll get on there when I need to. The rest of the social media, I'll get on to there and check it when I need to.

So, make sure that you know for yourself, what's going to be best for you to stay productive and not have everything bugging you 20 times during the day. Or 20,000 times during the day…

Focus Days

Number three:  A big shout out to my friend and mentor Jonathan for this tip that I've used.
Set yourself one day - or even half a day - for a focus day.

Use this day to create, to work on you personally, to work on your business. Not IN your business, but ON your business.

Turn the phone off - put on do not disturb. Don't check your email.

Plan and think about what you want to do for that day. I've created a Facebook posts on my focus days. I've created blog posts. Some days, I've done some seminars – ‘what do you want to become’ kind of thing - get your mindset right. Those type of things.

Find one day during your week - or even half day during your week. That you can set aside...let everybody know, “Don't disturb me. I'm busy. I'm doing this thing over here.” People can leave a message. People can leave e-mails - you can get back to them later.

Use this day to work on your business. To work on you. To allow that to happen. Amazing results with things you can get done.

I really started looking forward to my focus days - just so I could do the things I really wanted to do. To really create some things, create my website. Do some things like that.

So, here's the three tips that I have for you to increase your productivity.

Allow yourself to stop. Slow down. Focus on what you need to focus on, even if that focus on you, yourself, and you.

Alright! Thanks so much for watching.  Have an awesome day!  Talk to you later.

See you next time on Tristan and his WHITEBOARD.

Monday, March 26, 2018

674 Airway Court, Box Elder, SD | New Price on Home for Sale

674 Airway Court, Box Elder, SD$7,100 price reduction!

Was $233,000.  Now:  $225,900!


Lots to offer in this 3 bed, 2 bath, 3 car garage ranch style home:

3 Bedrooms on Main Floor
Includes Master Suite - bath with double sink vanity and walk-in closet
Main Floor Laundry
Open Floor Plan
Vaulted Ceilings
Gas Fireplace
Kitchen Island
Fully Fenced Backyard
NO Backyard Neighbors

PLUS the basement is partially finished and ready for a family room, 2 more bedrooms, a full bath, and storage.  There's even a room that would make an awesome root cellar or wine storage!

Watch the video above.  For more pictures and info:   www.674AirwayCourt.com.

Awesomeness!

Friday, March 9, 2018

Sellers: It Ain't Over Until the Buyer Signs... | Tristan and his WHITEBOARD LIVE [video}

Tristan and his WHITEBOARD - LIVE

Sellers - It Ain't Over Until the Buyer Signs at Closing


Hey Everybody - Welcome to Tristan and his WHITEBOARD - LIVE!

This is Tristan with Mindful Living Realty and yes…there is a unicorn on the board behind me. My daughter likes to come in and draw things on my board while I'm away and I thought it was kind of cool conversation piece so I left it up. Happy Unicorn Day!

So today we're going to talk about something for sellers, especially.

And that is: It ain't over, until it's over.

So we get the Purchase Agreement signed and, yes - it's good to be excited.  We've got it sold. But that's just one piece the process.  We’ve got to get it all the way closed. There's a lot of things that could happen between Purchase Agreement time and closing that we need to kinda talk about so you are aware what all could happen.

The Many Buyer Influences

So - here's how this scenario works. We have a buyer and they got many pieces involved in getting the deal closed. We've got a lender. And the lender has underwriters.  We've also got insurance agents and they've got underwriters. And then we've also got their agent – the buyer's agent. And of course, we can't forget about parents and family. That can really be an issue. And there's this one over here - you know - memories.  "Well, last time I bought a house..." And there's a different one over here that I love as well.  "Well, my Aunt is an agent in California from 20 years ago and she said this..." Those are my favorite ones.

Now, any one of these pieces, somebody could drop the ball.  And it's nothing you or I can control. Yet each one of these people could have an effect on that buyer purchasing your home.

Buyer Lost Financing

Case in point: I had a deal couple of years ago. I was representing the seller and the lender told me that this buyer was preapproved and we were going to try to get it closed quick so they were going to go to this one procedure. And every time I called them to find out where things were at, he kept telling me, "Oh it's at underwriting, it's in underwriting."

Finally he comes back - basically he was lying to me.  He comes back: "Well actually this - this deal didn't work. This lender wasn't going to be able to help us. We got rejected so we got start all over again." So we can't close for another 45 days.

Obviously, my seller was livid at this point. But it was the best choice at that time to keep things moving along.  Well then, the buyer got “non-motivated” to buy the property.  Something happened with his job and all the sudden he was no longer approved to buy the property. Hence, he got out of that deal, unfortunately. So my seller - already moved out, already waiting for the property to get sold... has spent money on moving things, spent money on storage units. All that kind of stuff.  Out all that kind of money. We had to put it back on the market. Not a very happy situation. But that kind of thing can happen.

Death in the Family

Another scenario we had just recently. [On a house we had listed} Another agent brought us a buyer that had a death in the family or close relative.  It happened that their funeral for their relative, I'm not sure if it was a sister or what it was, was in Arizona the day after we were supposed to close.

So, of course, what are you going to do?  You're going to let him have the time and of course, it was near Christmas. They also wanted to have that week after to spend time with the family in Arizona. During this time, they had to get some documentation into the lender. Well, the lender did not tell us OR them that "Oh, by the way not only do I need it in, I also need time to send it for underwriting.”

They got the documentation in, finally, near the end of the second week.  And then needed another week to process it.  We finally got closed three weeks after the original closing date. These things happen.

Stuff Happens...

I've heard stories of the sellers - or the buyers... oh no - it was the sellers in this case. The sellers were found dead in their house one morning. We can't make this stuff up! This stuff actually happens.

I’ve had buyers feel like, well the home needs so much work…even after we had cleared the home inspection.  And they decided "No - I got cold feet.  I'm backing away."  First time home buyers...

We've got scenarios where a husband had bought a home for the wife and then the buyer's wife decided that she didn't want to buy the home after a while. The wife said "I don't know if I really want to be here..."  Of course, we talked to them about all the options and they did end up purchasing it.
There are options. There are ways that you can handle these type of scenarios, but my point is... There’s a lot of different things can happen.  Got a lot of different stories that we tell you about how things fall apart the last minute.

Go with The Flow

Now...
Don't freak out.
Don't create problems for yourself.
Just know that things can happen along the way.

And it isn't over until a buyer at closing signs that piece of paper and - piece of papers - and the whole deal is funded.

So! Be warned, if I have to give you a phone call and say, "Ah - remember when we were talking in the beginning about THE call if something happens. Yeah, this is that call..." Of course, if the buyers default, you have every right to keep earnest money and sue and all that kind of thing.

But - just keep your chin up during the process. Go with the flow!  Things happen... weird things happen. Let everything just happen, roll with it.  Roll with the dice.  Everything will be fine in the end.  The majority of homes end up getting closed and end up getting taken care of.  And we work through the process.

But you just need be a little more understanding of this mess and the whole process.

Thank you very much for watching today. Hope you guys are having a great week. Let me know if you have any questions or any comments below.

Have a great day and talk to you next time on Tristan and his WHITEBOARD.

Saturday, February 24, 2018

Get your Awesome on With a Meditation Practice | Tristan and his WHITEBOARD - LIVE!

Get your Awesome on with a
Meditation Practice!


In this episode of Tristan and his WHITEBOARD – LIVE!
I talk about the benefits of my meditation practice.  

And some tips to help you establish/grow/re-ignite yours!


Full Transcription (edited a bit to make it easier to read…  🙂
Hey everybody, how you doing today?
This is Tristan Emond with Mindful Living Realty.
And we’re at Tristan and his WHITEBOARD – LIVE!  So, here’s what’s going on today.
First of all, I’ve got some new cards in.  Isn’t that cool?  I like ’em.
Second of all, I attended a workshop this weekend and we talked about how to get your Meditation Practice up and running.
I had started a meditation practice about two years ago, was very consistent with it.  I had a friend that noted about a year later that said, “Hey – you’re more centered, you just seem to be more there.”  I’ve kind of fallen off the log lately and I’ve noticed that.  And so we’re going to work on getting that back on…back going.
But I thought what I would do today is talk about how I have developed my meditation practice and hopefully that will be something that will be helpful for you. Help you get into the position where you can do something like that.

What is a Meditation Practice?

Now when I say Meditation Practice, it means anything you want it to be really. It doesn’t have to be meditation. It can be just a time when you can have for yourself to slow down.  Get in touch with you are – who you are inside and listen.  Basically, that’s all it is – a time to be present and listen to yourself.
We get so busy running around day to day. Doing this, doing that, taking kids there, taking kids there…that we forget to stop take a breath and just listen and hear what we have to say to ourselves. A lot of what has happened here with Mindful Living Realty – the things we have established and we’ve done – have come from those a-ha moments that I have got in the times I’ve had meditation practice.
So first of all, let’s talk about the different components that I’ve used in the meditation.  Typically, I try to do this in the morning.   I’m not a great morning person.  So, you know, sometimes, it doesn’t happen until after. Like this morning, I had breakfast this morning with bunch of guys and I came to office and I did some meditation.  So work it out on your schedule.
We’re fortunate that our children are old enough – they get themselves up and out of bed and off to school. We don’t have to deal with that.  But certainly, you can just find a moment during your day where you can even take five minutes for yourself and listen and find out what you can do.  But here is what I do:

Step 1: Excercise

First of all, I spend a little bit of time. acknowledging the body. Doing a little Exercise.
Every day is a little different. When it’s spring and summer and nice outside, Sarah and I usually go for a walk around the neighborhood. That’s awesome. We love to do that.  When it’s cold, we do have an elliptical, that sometimes we will run it for a few minutes. But even if it’s just a matter getting up, do some stretching. Acknowledging that the body is there allowing the energy to just kind of flow through. Getting up in the morning and, you know, just kind of get that getting things working again. Like I said, acknowledging the body is there.

Step 2: Meditation

Second of all, is when I do some actual Meditation.
So, let’s talk first of all here about what meditation is NOT because sometimes we get ideas in our heads that are put there from lots of other things where we have to be sitting in crossed legs stance with our fingers in certain way and saying “ahs” and “ooos” and all that kind of stuff.
Meditation –  simply (in my opinion anyway) – meditation is simply a spot where you can get quiet, listen to yourself.  Now, you’re going to have times when the mind’s going to wander. Be okay with that. Be okay with that coming in and going back and forth.  Understand that just way it’s going to be. The mind’s just chattering away, chattering away. Understand that you’re not going to be perfectly, you know, mind free.  Your mind’s not going to be completely free thought during this process. It’s a back and forth.  Just be okay with the thoughts passing through your head and going out the other side.
Some things I’ve done to help with this is go back to your breath and concentrate on your breathing, that helps you be present. One thing that I found that works really well is I listen.  Have you ever sat in quiet and listened?  You can hear the humming of the refrigerator, the ticking of the clock, just listen to all those the sounds of your environment.  It really helps you just kind of hone in and be in that moment and just listen intently. And that will help you to really be in the moment.  And then you can move forward from there – just allow yourself to be.

Step 3:  Gratitude

The third part of this is Gratitude. This is when you spend a few minutes being thankful for whatever it is you’re thankful for that day. I try not to be boring with it…you know, I don’t want to just get up and say thanks for health, wealth, and prosperity. Amen, hallelujah.  I want to sit there and say, “Okay today…what strikes me today has been really, really thankful.”
Sometimes I’m thankful that the sun is shining in the window.  I’m thankful for this blanket I’ve got over top of me. I had a good experience with the kids yesterday and I’m thankful for my kids. They are cool. Those kind of things…think about what you’re really grateful for.
The key about this is when you’re thinking about the things you have, you’re not focusing on the things you don’t have. The more you think about the things that you have, the more those things are going to flow into your experience.

Step 4: Journaling

The forth thing is Journaling – which actually ties into gratitude, because I usually do my gratitude exercises while I’m Journaling, while I’m writing. This is something that you can do however you would like to do it.
Now if you are not a writer, you say, “I just, I just can’t do it.” Do what works good for you – color, draw.  You’ve got a phone – speak into it. Do something to get your words out, to get your feelings out.
It’s important, I think, to write it down. Writing allows you to…it puts the physical in touch with the mind and gives you space. Because your mind will talk faster than you can write. So, it allows for that break in time for that gap to happen. So you can listen to yourself. You can listen to your heart. It’s amazing as your writing – sometimes you realize that you’re writing stuff that you didn’t even realize you believed or your thought or anything like that. Next thing you know, you’ve got those little a-ha moments just from sitting there and writing. It’s amazing how that works.
Sometimes it’s great to let out your anger or your frustrations on the paper when your journaling.  And if you need to be ceremonial about it, you can rip that page out and burn it.  Makes you feel like you have got that off and “I’m letting it go” if that’s the way you need to do it.  If that’s what works for you, great. Do it that way.
Some people like to draw, some people like to scribble.  Whatever it takes to get you in the moment and think about where you are.  Just let your words flow.

Journaling Steps

In a journaling practice, some of the things that could come up…’Cause you sit there and you look at your blank piece of paper. You go “Okay… We got this paper here. Now What?” And you sit there and you wait and nothing starts flowing.  “I’m just supposed to write” and you try to start… nothing happens. So I have established for myself, which I used even today, some headings that allow me to focus my journaling on a specific topic. And I try to make that very present.
For the first step, I wrote “I’m happy today because…”  And that’s the gratitude piece.  I usually write five or six things that I’m happy for.
Next part:  “What is your purpose today?” and that is going to be waking up and deciding – okay. What do I feel like today?  What do I feel like I am to do today? And if that scares you – the purpose idea just kind of let that one go. You just use whatever ones here you feel good about.
“Who are you today?” You know – what do you feel like you are today?  Do you feel great? You feel strong, you feel confident. Maybe need to write some affirmations down to encourage yourself to be that confident person that you want to be.
“What will you create today?” This can be: I want to create happiness. I’m going to create peace. I’m going to create fun in the workplace. And then you can move on to I want to create sales or I want to create money or I want to create deals, something to that affect. You can use whatever you feel in that moment to create something today. Now we get into the bigger picture later on, but think about today – what am I going to create today?
And after that “What are your goals today?” And I like to use action steps on those goals. So today I might have had…I had three things I wanted to get done – this being one of them.  So when I got those three things done, I can say “Yep! I did what I wanted to do today.”
If I do more things, great!  If not, I’ve accomplished something. I can look back and say, “You know what? I accomplished my goals today.”  Makes you feel good makes you feel, like you did something.  ‘Cause sometimes we’re running around all day long answering e-mails doing this, doing that and the other, and we feel like we haven’t accomplished anything. By writing your goals down at the beginning of the day, you really feel like you’ve accomplished something that day.  You can say “Yep. I did what I needed to do today. We’ll attack more tomorrow.”
And then finally, I write the heading:  “What do I need to know today? What do I need to do today?” And that’s where I kind of don’t judge and just write.  Something comes to me, I just start writing. Believe and trust that that which is coming to you is something that’s really from you. That you need to pay attention to. And that is where things start flowing.
Once you start getting the writing flowing, things just start popping up. You start writing things and realizing things. It’s really quite cool.
Now, of course, if the writing isn’t flowing, be done with it.  Just put it aside and try it again next time. No big deal. No reason to be so uptight about “Gotta make things happen.” Just do what you can each and everyday. As you as you get this practice rolling, you’ll find that is smoother, you’ll find you get break throughs, you’ll find that it just becomes easier and easier each and everyday.
Finally, at the end of this, what I like to do is write my long term goals.  If that’s I want to sell X amount of homes this year, that becomes the last piece, so I can keep that that long term goal in front of my face as well. I’m looking at the present and I’m also looking at the future. Looking at what I want to accomplish and making sure that everything else is aligning with that as well.
Alright.  Hopefully that was of interest to you guys and something you might have an interest in doing someday or sometime. If you have any other ideas with other thought forms of might work, let me know in the comments below.  Let me know if you have any questions. I’ll go ahead and post these steps below.
Hopefully this kind of give you a framework to begin with or to keep going with. Maybe it’s an ah-ha moment for you to keep your practice alive. But I’ve found and I’m dedicated to keep going back to my practice, a little more steady now, as I kind of dropped it here, a little while and getting back on that curve.

Catch you next time on Tristan and his WHITEBOARD.

Thanks for watching.  Have an awesome day!

Monday, February 12, 2018

Tristan and his WHITEBOARD - LIVE! Rapid City Real Estate Market Jan 2018 [video]


January 2018 Rapid City Real Estate Market


Rapid City Real Estate Market 2018.  Video Transcript:

Hey everybody!  This is Tristan with Mindful Living Realty. Welcome back to Tristan and his WHITEBOARD LIVE!

Today we're gonna go over the Rapid City Real Estate Market for January. Get an idea where having here in the next few months.

But, before that of course, we've got the joke of the day.


Want to hear a joke about paper?  Never mind it's terrible...
Tear-able...

Oh, I know you laughed at that one.

Alright where are things heading in Rapid City. How are things in January?  The January market right now?  Got a lot of numbers behind me that I'll go over here just a bit.  Don't wanna over kill you with numbers, but just to kinda prove my point here.

Right now, so we are looking for... What is the trend in all Rapid City areas?  We're talking about residential in Box Elder, Rapid Valley, all Rapid City area - nothing Northern Hills, Southern Hills that kind of thing.

So what we can see here is in January of the last four years we can see this is the number active listings from 606, 608, 2017 we went down to 519, and then 2018 we're back on 571.  And that 571 was taken on the first of February - around that time is when that number was taken.  The active is always a fluid number.

So also then - the sold listings... these were actually the ones that actually closed in January, so we're looking at November and December under contracts, right?  98, 95, 102 and then up to 122 here.  Over the course of this, we've got an average price of 4 percent going up.

Now January is a weird month.  Somedays, we hit the fan running on January 1 after the Holiday Season. Last year was crazy. All the realtors were walking around on our hands trying to find something do.  It was just dead, dead quiet.  Which you can see here, which is why that number [519] is way low.

Now what's interesting here is that this number here - we got a 10 percent... (if I can get my marker open that'd be helpful)...So this is a 10 percent increase between here and here [actives - 519 and 571].  But here - 20 percent increase [solds - 102 and 122].

So obviously, we're getting things sold faster coming on the market. Obviously seeing then an inventory problem - which we've had consistently for the past few years, and it looks like we're seeing that right now.

If I ran active listings, all Rapid City...how many listings do you think we have right now?
I just run that a few minutes ago. 465 active residential properties. If you're looking for single family, that number is this.  (394)

That's not very many. Especially as we are getting into the Spring market.

Last year about February fifteenth - for whatever reason...Once February 15 hit we were smack dab in Spring market. We are having multiple offer scenarios.  We were  having situations where buyers having trouble finding properties.

This year's kinda looking like we're running into the same thing.  We're having lower inventory.  We've some pent-up buyer needs. In the past week. I’ve probably received 10 e-mails from other agents, saying "Hey - I've got a buyer looking for a property, can't find one. Do you have anything In this area?"

So we're seeing again where we're looking at the spring market being very, very much a seller’s market.  A very tight market and probably seeing some double offers and that kind of thing.

That being all said, if you're thinking about selling your home don't wait until spring-ish...Don't wait until March or April to start the process. You might be beneficial to start selling your home now that's what works for you.

I recommend start working on getting your home fixed up - getting the painting done...getting those things done inside while it's cold outside, so you can be ready to put your home on the market when you are ready.

Now last year, if you waited until May, it was almost too late. You kinda missed the meat of the spring season. So don't wait for that. I just want to put these numbers up on the board to showcase that.

You know when a realtor tells you “Yeah, it's a great time to list!”  You're like "Yeah, whatever!"  Well... yeah, it is.

It's a good time to get your home on the market.

Buyers -  if you're looking at buying a home this spring, good thing for you do: get prepared! Know what you want, make sure your get with your lender, make sure all that's ready to go.  Be prepared to put in a good, strong, solid offer and know where you are at with that.

OK! Let me know if you have any questions or comments. Let me know below.

I've got my buyer videos and my seller videos - Tristan and his WHITEBOARD seller videos and Tristan and his WHITEBOARD buyer videos.  Goes through the process for you to help you...to explain each part of the process, hoping some good information for you there.

Alright!  Thanks for watching! This is Tristan and his WHITEBOARD...we'll talk to you next week! Have a great day!

Friday, February 2, 2018

Tristan and his WHITEBOARD - LIVE! | Seller's Personal Property | 2018 [video]

Tristan and his WHITEBOARD - LIVE!

 

Seller's Personal Property...a "Please Do" Episode!


Hello everybody. Welcome to Tristan and his WHITEBOARD - LIVE! Today we're gonna talk about personal property - a "Please Do" topic!

And we'll talk more about that after, of course, we get to the joke of the day.:

Why didn't the melons get married?
Simple, they cantaloupe.  Can't elope...

So let's talk a little bit about personal property.  The reason I'm bringing this up is I've had a few scenarios the past few deals, the past few months, where we've had to deal with personal property, especially as it relates to sellers removing said personal property.

First of all, what is personal property?

Personal property is anything that is not attached to the property.  Normally your refrigerator, your stove, your washer and dryer, those things will be transferred via bill of sale.
But then, you also have your furniture and your clothes and your stuff inside. Of course, you're like, “Yeah, I'm moving that stuff, don't worry about that!”
I’m talking today more about here is the stuff outside the home. In the garage, in the shed, around the shed, behind the shed....those paver blocks that you bought way back when and didn't quite finish the patio. That wood that you used to fix the deck and never got around to fixing the deck…(I'm talking about me here.) All these things that are outside that you need to make sure are removed.

Purchase Agreement Says...

The Purchase Agreement that will be in place will state: You must remove all personal property from the property.
I state again, ALL.  That means all of the lumber, all of the bricks, everything that's there on the property should be removed prior to closing.
Now, you're going to say, “Well this is some good stuff here. I've got paint, I've got shingles, I've got this…” Here’s what I recommend to you:  take a picture of it, send it to me and I'll ask the buyers if they want it. If they want it, great! Score!  If not, you can use that same picture, post it on Facebook, post it on Craigslist - say “free come and get it” or put a price on it, and it will be gone in no time. That shouldn't be any problem as long is it’s decent stuff.
Now - We need to talk about then how to get rid of said stuff.

Tip number one, start early.

Trust me, you've got more stuff outside and in the garage and in the shed than you think you do. It's going to take longer to get rid of some of that stuff than you imagine.  So start the process before you list or right after you start the listing.
Definitely start before you get a purchase agreement, because it's all going to have to go. Even if it doesn't sell, hey - you've cleaned up all the junk out of your property. It's a win-win, right?
It doesn't matter what happens, it's good to start early, get working through your stuff, seeing what's there and get rid of it.

Tip number two.  Resources.

I've got a couple of resources for you. One of them is an app. It's called the “My Waste App”. You download this app on android or iPhone, and you can put in Rapid City, and there's a cool little button, it's called “Where Does This Go”.   You can determine from there where you need to deposit trash or otherwise get rid of certain items.

For instance, if you put in there "refrigerator", it'll tell you, you can't take this to the dump because it's got Freon in it, but you can go to this place, this place, or this place and they'll take care of them for you. Electronics, paints, stains, all those kinds of things, you can find out from this app where you should take the stuff that you have and get rid of it.

The other resource is Habitat For Humanity Restore. They'll take a lot of your good construction items. They also now have a latex paint recycling center, which I didn't realize, so you can take your latex paint there.  Small electronics, scrap metal, that kind of stuff can go there.

Cornerstone Rescue Mission, the thrift center, they will take your household goods, your clothing and that kind of stuff. You can take that stuff there.

Black Hills Works also has a small electronics recycling center.

Those are three good avenues you can take stuff to and get rid of stuff as well as, of course, throw it in the truck and take it on its way.

Take Responsibility

The key here is take responsibility for what's on your property. I don't care if the previous seller left it or the seller before that left it or the neighbor just threw it over on your property before close. It's your responsibility to get all that stuff off of your property for your buyers.

Of course, the reason we're doing all of this, not only is it because it's in the purchase agreement, but because you'd want the same thing done if you were buying the property. You'd want to walk in and not have to worry about, “Oh, now I got to get rid of this refrigerator, well crap, what am I going do about that?” Make sure it's taken care of for your buyers.

Leave me any comments or thoughts or questions about this episode below. See you next week on Tristan and his WHITEBOARD - LIVE!
 

Looking for step by step information about the home selling process? View Tristan and his WHITEBOARD Seller Video Series!