Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
When you're an Austin TX home buyer, what does it mean to put closing costs into a contract? I hear all the time from sellers, "I'm not going to pay the buyers' closing costs! If they don't have money to buy my house, they shouldn't be buying it!!" And buyers say, "I was told to make sure the sellers pay my closing costs. My friend did it so I want it too!"
Neither the sellers nor the buyers are looking at this closing costs thing in the right way. When a buyer is buying a house, what seller in their right mind would pay a buyer to buy their house? On the other side, what buyer in their right mind would think that a seller would actually pay for them to buy their house? Those two thoughts are obsurd.
What do you mean, Donna? One of those things has to take place for it to work, right? NO!
Here's what actually happens with closing costs; the buyer FINANCES their closing costs into their loan amount.Huh?
For example, a buyer submits an offer to a seller for $200k with the seller paying $5k for closing costs. That actually means the seller would be accepting a selling price of $195k. If the seller were to accept these terms, it's the same thing as a buyer submitting an offer at $195k with no closing costs. If a seller wants to counter to the buyer not wanting to accept anything less than a net of $200k, the sales price must then become $205k for the seller to give back the $5k to the buyer with the buyer financing those funds.
Why do buyers want to finance their closing costs instead of paying for them? The biggest reason is because the buyer has money for the down payment but not for the closing costs, and they actually need the money. The other reason? Rates are low so borrowing is pretty cheap. In today's market, with rates at about 5%, each $1k you finance, you'll change your payment by about $5 a month (nice rounded numbers). If you roll $5000 into your financed amount, you will pay an extra $25 a month.
Why would you want to pay an extra $25 a month if you have the cash in pocket? Do the rest of the math... It takes 200 months to make up that $5000. That's 16.67 years!! How many people do you know that stay in their homes for 16+ years? If you stay in your house the average time, around 6 years, you will have only paid $1800 of the $5k for closing costs.
Yes, you're paying interest for 30 years (or 15 years) for this amount, but you also have a tax deduction for the interest paid. In the example above, look at how much money you keep in your pocket for a rainy day. Instead of paying $5000 at closing, you can pay the $25 a month and have that cash for carpet, paint, appliances, furniture, or any emergency that comes up.
Cash in your pocket is more valuable when money is so cheap to borrow...
If you're an Austin TX Home Buyer and want an experienced agent to negotiate the terms of your new home purchase, please don't hesitate to contact me today!
Austin TX Real Estate and the surrounding areas of Lakeway, Bee Cave, West Lake Hills, Cedar Park, Round Rock, Spicewood, Circle-C, Steiner Ranch, and everywhere in between... Hill Country Austin TX Real Estate and beyond. Whether you're buying or selling an Austin home, I'll be with you every step of the way.
This blog is to help educate Buyers, Sellers and even other Realtors across the country. Each market is different and the way Real Estate is done is different. Austin Real Estate is completely different than Dallas, California and Florida and everywhere else in between. Some times there will be other things besides real estate as I like to rant and rave as much as the next!! Come back often!
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.