Mike Breeze http://homeontherim.com Helping You Home Tue, 13 Nov 2018 16:33:25 +0000 en-US hourly 1 https://wordpress.org/?v=5.5.1 http://homeontherim.com/wp-content/uploads/2018/08/cropped-helping-you-home-trees-03-32x32.png Mike Breeze http://homeontherim.com 32 32 1Mission Build Trip – Puerto Peñasco http://homeontherim.com/1missionbuildtrip/ Tue, 13 Nov 2018 16:33:25 +0000 http://homeontherim.com/?p=914  

The driving reasons for my working in real estate are the honor of helping people find a house that meets their needs and the excitement of them finding a new place to call home.

I partner in my career with 1Mission because it gives me the opportunity to do this twice with every transaction. Through their House to House program, I have a opportunity to give a portion of each of my commissions (10%) to help bring yet another family home. 1Mission (working in Mexico, El Salvador, Nicaragua) provides an opportunity to for individuals to earn a new safe home through 200 hours of community service. Through this process, these homes are being built into much stronger communities.

My roofing buddy Jose Manuel putting in some serious community service hours helping build the Murrieta Zavala family home. Jose is well on his way to earning his own 1Mission new home build.

I had the extreme privilege last month to participate in the build of one of these homes. It was an incredible experience to build this home alongside not only Roldolfo and Denise (and baby Liam coming in December) who now live there, but also Jose Manuel earning of home of his own. Truly an unforgettable time in Puerto Peñasco.

Welcome home Murrieta Zavala family!

 

 

]]>
Don’t Blow Up your Home Loan! http://homeontherim.com/dont-blow-up-your-home-loan/ Sun, 26 Aug 2018 06:35:27 +0000 http://homeontherim.com/?p=830 You are finally ready to buy a home. Congratulations! What an extremely exciting time! I can see you now, dreaming about all of the new things you are going to do to and put in this home: new couches, home theater system, new appliances, swimming pool, bbq grill, outdoor deck, etc…                            

Take a breath. Please be careful. Make sure the house is completely before you move forward with any other big purchases. The home loan process can be very touchy and it would be heartbreaking to lose the home of your dreams over massage chairs, an 85” led tv, or that $7,000 Numi Smart Toilet you somehow convinced your spouse was completely necessary. 

It is important to realize that somebody (most likely a bank) is about to loan you a very generous sum of money. Your personal finances are about to be examined to an extreme degree. It is essential that you do as little as possible – to do anything – that might almost – maybe appear – to kind of look like – something that might resemble – anything that could potentially – even to the smallest degree – look remotely suspicious. Nervous? Don’t be.

Instead, please take a moment to read this “Do’s and Don’ts of Buying a House” blog post from Grant Botma at Stewardship Mortgage. Grant does a fantastic job of clearly laying out what can help and hurt in during your home buying experience.  

Do’s and Don’ts of Buying a House

P.S. $7,000 is WAY TOO MUCH to spend on a toilet. (Unless someone wants to buy me one).

 

]]>
5 Myths About Real Estate Agents http://homeontherim.com/dont-believe-these-5-myths-about-real-estate-agents/ Wed, 22 Aug 2018 17:30:44 +0000 http://homeontherim.com/?p=687

Don’t Believe These 5 Myths About Real Estate Agents

Do you need one? Do they pocket the whole commission? Let’s set the facts straight.

Buyers and sellers often enter the market with misconceptions about real estate agents — how we work, how the process works and what the agency relationship is all about.

It’s helpful to point out, without getting too far into the weeds, that in any one real estate transaction, there are most likely two agents: one for the buyer and one for the seller.

Here are five myths (and five truths) about working with both buyer’s and seller’s agents.

1. Agents get a 6 percent commission, no matter what

Most people assume that their agent is pocketing the entire commission. That would be nice, but it’s just not accurate.

Truth

First, it’s helpful to know that the seller pays the commission, and they split it four ways: between the two brokerages and the two agents.

Finally, the brokerage commission isn’t fixed or set in stone, and sellers can sometimes negotiate it.

2. Once you start with an agent, you’re stuck with them

If you’re a seller, you sign a contract with the real estate agent and their brokerage. That contract includes a term — typically six months to a year. Once you sign the agreement, you could, in fact, be “stuck” with their agent through the term. But that’s not always the case.

Truth

If things aren’t working out, it’s possible to ask the agent or the brokerage manager to release you from the agreement early.

Buyers are rarely under a contract. In fact, buyer’s agents work for free until their clients find a home. It can be as quick as a month, or it can take up to a year or more. And sometimes a buyer never purchases a house, and the agent doesn’t get paid.

Before jumping into an agent’s car and asking them to play tour guide, consider a sit-down consultation or a call, and read their online reviews to see if they’re the right fit.

Otherwise, start slow, and if you don’t feel comfortable, let them know early on — it’s more difficult to break up with your agent if too much time passes.

3. It’s OK for buyers to use the home’s selling agent

Today’s buyers get most things on demand, from food to a ride to the airport. When it comes to real estate, buyers now assume they need only their smartphone to purchase a home, since most property listings live online.

Truth

First-time buyers or buyers new to an area don’t know what they don’t know, and they need an advocate.

The listing agent represents the seller’s interests and has a fiduciary responsibility to negotiate the best price and terms for the seller. So, working directly with the selling agent presents a conflict of interest — in favor of the seller.

An excellent buyer’s agent lives and breathes their local market. They’ve likely been inside and know the history of dozens of homes nearby. They’re connected to the community, and they know the best inspectors, lenders, architects and attorneys.

They’ve facilitated many transactions, which means they know all the red flagsand can tell you when to run away from (or toward) a home.

4. One agent is just as good as the next

Many people think of “agent” as a generic term and that all agents are created equal.

Truth

A great local agent can make an incredible difference, so never settle. The right agent can save you time and money, keep you out of trouble and protect you.

Consider an agent who has lived and worked in the same town for ten years. They know the streets like the back of their hand. They have deep relationships with the other local agents. They have the inside track on upcoming deals and past transactions that can’t be explained by looking at data online.

Compare that agent to one who’s visiting an area for the first time and needs their GPS to get around. Some agents aren’t forthright and might be more interested in making a sale. Many others care more about building a long-term relationship with you, because their business is based off referrals.

5. You can’t buy a for sale by owner (FSBO) home if you have an agent

In a previous generation, sellers who wouldn’t deal with any agents tried to sell their home directly to a buyer to save the commission.

Truth

Smart sellers understand that real estate is complicated and that most buyers have separate representation. And many FSBO sellers will offer payment to a buyer’s agent as an incentive to bring their buyer clients to the home.

If you see an FSBO, don’t be afraid to ask your agent to step in. Most of the time the seller will compensate them, and you can benefit from their knowledge and experience.

]]>