All Blog Entries by Lynn Byrd

Found 19 blog entries published by Lynn Byrd.

Below is an article that I received via RisMedia. It seems that there is a shortage of housing industry wide. If you are a seller, and on the fence as to whether to put your house on the market, now might be the right time. 

HUD Calls for Expanded Housing Supply

By Suzanne De Vita

HUD Calls for Expanded Housing Supply

The U.S. Department of Housing and Urban Development (HUD) is calling for expanded housing supply as it alters its approach to an aspect of fair housing.

On Monday, HUD announced a call for feedback on the Affirmatively Furthering Fair Housing (AFFH) rule, which is currently under review. The AFFH changes, if enacted, would “encourage actions that increase housing choice, including through greater housing

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How to Guide Potential Buyers In 2018

The National Association of Realtors recently released the 2018 Aspiring Home Buyers Profile. Of the non-homeowners surveyed, 46 percent were age 34 or younger, 57 percent earn less than $50,000 annually and 81 percent live in urban or suburban areas. Let's look at the mindset of these potential buyers:

Homeownership Goals 
According to the survey, 82 percent reported future homeownership goals, with 58 percent saying now is a good time to buy. So why aren't more first-time buyers coming to the table? Affordability.

While 51 percent of renters expect rent to increase this year, only 15 percent say that would motivate them to buy a home. Improved financial situations and significant lifestyle changes such as marriage or starting a family are

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According to a recent article from "Tennessee Realtors" sales in Tennessee are steady, prices are up and the inventory is down.

   Tennessee saw 6,893 single-family closings in April 2018, up 2.3 percent from a year earlier, while the median price kept rising and available homes shrunk, according to data compiled by Tennessee REALTORS®.

   While home sales rose slightly from 6,736 closings to 6,893, the median price grew 8.3 percent ($203,200 to $220,000), and available inventory fell 23 percent (23,680 to 18,238).

   Somewhat in contrast, condominium sales jumped 21 percent from a year early (530 closings to 642). Meanwhile, the median condo price rose 10.8 percent ($171,250 to $189,700) and condo inventory tumbled 27.9 percent (1,673 to 1,207)

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There's more to getting referrals than simply asking. Recommendations must be earned. That means providing clients and colleagues with a memorable experience they'll want to extend to others.

Start with excellent service. If you're hard to reach, talk more than you listen or just don't seem to have your client's best interest in mind, you're not going to win referrals. Be available to answer questions and provide the expertise they need to make the best possible decisions on their homebuying or selling journey.

Provide honest feedback. Clients often get caught up in the moment and need their agent to provide a voice of reason. If you feel a property is not suitable for the client -- due to size, location, school district or price -- give

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Online

Establishing your online presence can be exciting. But once you settle back into the daily grind, it's easy to let your website and social profiles fall into a state of neglect. Luckily, you don't need to do a complete overhaul. Here are a few simple ways to refresh your online presence.

1. Update Your Profiles
If you've recently changed your business address, phone or email but haven't updated your online profiles, you could be losing business. Even referral leads search for you online before making contact, and you never know which profile a prospect is going to view. If one of your profiles is inaccurate or out of date and a prospect can't successfully contact you, they may move on to the next agent.

And don't forget to update your

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Make Your HOME a HOUSE When Selling

Go Upside Down

You’ve heard the expression of making one’s house a home.  Buyers do this when they move into a property and begin the process of adding their personal items to put themselves or their family’s imprint upon their new living quarters.  

We don’t talk as much about the process when you’re selling a home but it’s really the same--just in REVERSE.  It’s like you’re turning it all upside down.

You’re converting your HOME into a HOUSE.  

See the difference there?   

A home is a place imbued with your personality--it’s where you raise your family, have your pets, go though rites of passage, etc.   Rightfully, homes have emotions attached to them.

A HOUSE  is like the blank canvas artists

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Why choose a real estate team? 



Want a maximum level of service combined with more real estate experience than you thought humanly possible?   

Choosing a real estate team such as the Byrd Home Team gives you the benefit of not just one agent but an entire of group of real estate professionals who are dedicated to selling your house or helping you find your perfect home or property.  

Think of it this way:  any good real estate agent knows the market in his or her area of service and will have access to all the listings available in the inventory.  A real estate team is able to go further. A few advantages to choosing a team:

  • You get the experience of everyone, not just a single agent.

  • A team has more leads than a single

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Many Americans today diligently watch the performance of the stock market – on TV, online and in print – but few take stock of an even weightier investment, maybe their largest investment: their own home. Over 90% of homeowners are unaware of the true market value of their home. Yes, you can go online to Zillow and get a “Zestimate” but even Zillow’s CEO has admitted that Zestimates can be off as much as 40%.

A Comparative Market Analysis (CMA) prepared by a real estate professional can bring you up to speed. A CMA compares your house with similar properties that are active on the market, properties that were on the market and did not sale and properties that have sold. These comparisons should be within the past six months, and if possible within two

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I know this sounds a little like a public service announcement rather than a blog post but it needs to be said, and it's true.

Technology in the Real Estate market is constantly evolving, with more and more homes being posted solely on the internet. As a home buyer it’s imperative that you are up to speed. Too often buyers miss out on their dream homes simply because they didn’t have access to the new homes when they come on the market. In a sellers market (low inventory) homes sale quickly. And if you wait until Sunday afternoon to visit open houses, or the next issue of the homes magazine you may be too late.

A real estate expert can keep you informed on all newly listed homes that fit your specifications. We have search options that are not

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