Apex Properties Blog and News:

Great new loan program announcement!

I wanted to tell you about a program that helped me save a deal last month where a client's previous lender cancelled her loan THE DAY BEFORE CLOSING... :(

My colleague Brad Levinton from Thrive Mortgage stepped in and had us closed in 2 weeks and this is the program he used.

If you would like to buy a new house and not have to move twice, this is the perfect program for you.

The way this loan works is they qualify a buyer for a new home and they create an interest only bridge loan that lasts up to 6 months. This way, you can buy a new house NON CONTINGENT and then when you know you have the new house locked down, we list the old house and get that sold as well.

Then the interest only loan refinances automatically into a standard conventional loan on the new house.

Their team is fantastic, and the process is seamless.

The cost for this program is minimal, and is FAR less expensive than other competing services such as knock.com or Orchard.

Reach out to our team if we can be of assistance.

We are always available.

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

We don't rise to the level of our goals....
We fall down to the level of our systems and habits.
- James Clear

There are about 3,000 people standing behind me

at the time took this photo.

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

We become, what we think about.

-Earl Nightingale

Educational Moment:

I sat 6th row, center this week at the Mike Ferry Superstar Retreat in Las Vegas.

There are about 3,000 people standing behind me at the time took this photo.
This workbook got filled with about 35 pages of handwritten notes.
This is a photo of the front 300 or so people i was sitting with. The room was almost a football field long.

The Mike Ferry Organization is a company founded in 1975 to coach and train Real Estate agents to be more productive, profitable, and helpful to their clients. I have been doing a weekly coaching call with one of his coaches since March of 2019 and its helped me help more than 130 families get moved in the last 3 years.

Mike is 77 years old. He has almost as much money as God, and does not need to keep doing this.

But he is on a mission to help people and make a difference...and I couldn't be more grateful personally that he stuck with it as I've re-entered the business this last 4 years. I think he will be going strong for another 8-10 years and while he is doing these events I will be attending them.

Throughout the week, Mike one on one interviewed more than 20 top producers about the specific things they do to run a world class customer service business and he had the CEOs of 2 of the largest real estate companies in the world out for a discussion on the direction of the market, the state of real estate "tech" companies like opendoor and offerpad, and what we need to do as top producing agents to help our clients win.

If you're in a professional field, you need to always be developing and working on yourself. You may not even realize it but you need a coach. Professionals have coaches....amateurs have egos that prevent coaching.

Grateful for the philosophies Mike teaches and helping his clients treat this independent contractor job like a true business, while remembering to always work to keep it fun to avoid burnout.

I am so looking forward to flying home and seeing my family, and then getting back to helping people accomplish their real estate goals.

If you want to have a conversation about Real Estate, whether that is buying or selling personally, or getting involved with it as a career, I would strongly recommend you reach out to our team.

Our team is always available.

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

We become, what we think about.
- Earl Nightingale

A New Report: 

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

Knowledge is making the right choice

with all the information. Wisdom is making the right choice without all the information.

-James Clear

The Full June Report is in from HAR:

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

Knowledge is making the right choice with all the information. Wisdom is making the right choice without all the information.

-James Clear

The Full June Report is in from HAR

HAR has published their full report for the June period.

June of 2022 saw a little over 1,000 fewer transactions than June 2021.

Average price was up 11% year over year to $436,425 citywide.

You can also see the months supply of inventory is up almost 30% from 1.4 to 2.0.

So obviously the average interest rate doubling in the last 6 months is the largest culprit for the slowdown in the market.

Luckily we still live in the greatest state in the Union and there will be people moving here for cost of living reasons for years and years to come.

I think Texas will see a lower pullback in pricing than the rest of the country, and we will bounce back faster.

Hopefully you locked into a fantastic interest rate back when we told you to refinance last year :)

If you have an upcoming Real Estate need and you want to make sure you make the best possible move, please reach out to me to have a conversation.

>> Read the full HAR June Update Article <<

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Knowledge is making the right choice with all the information.
Wisdom is making the right choice without all the information.

-James Clear

What is up with interest rates right now: 

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

Many people are not ready for their lucky break when it comes to them.  Develop your skills. The prepared person is positioned to benefit from unexpected opportunities.

-James Clear

What is up with Interest Rates Right Now?

The Historical Interest Rate Chart going back to 1971

The big story in the Real Estate world this last couple of months has been the sharp uptick in mortgage interest rates.

30 Yr Fixed rates have moved from the 2.5% range last summer to now 5.6% as of this writing.

This has caused the average monthly house payment to move up between $500-1000 from a year ago.

This has caused a cooling in the market as we're beginning to see average days on market extend.

As we discussed last week, this is a return to a more normal market where people actually have some choice. The previous market wasn't sustainable and every market goes through natural cycles. It's part of the long term growth of the market so its not something to be concerned about.

All that said, if you look at the chart above you can see that while yes, our rates are marginally higher right now....the overall trend for the last 30 years has been a slow march downward, and we are still well below average historically.

What this means for my sellers now is that it's more necessary than ever to thoughtfully prepare homes for sale so that they look their best, and then my job as your agent is to photograph and video them to stand out compared to the competition.

If you have a Real Estate need upcoming and you want to make sure you make the best possible move, please reach out to me to have a conversation.

>> Read the full Forbes Article <<

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Many people are not ready for their lucky break when it comes to them.
Develop your skills.
The prepared person is positioned to benefit from unexpected opportunities.
-James Clear

July Fresh Report:

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Friday Thought:

Decide that wherever you are, is the best place there is. Once you start comparing, there’s no end to it.

-Sodo Yokoyama

The July Fresh Report is in.

The biggest news from this last month is that listing inventory is up nearly 40% from the same month last year. There are almost 5,000 additional properties for sale right now compared to July 2021.

For buyers, this means there are more options to choose from, and for sellers this means they may have more competition than they did last year,
depending on the subdivision.

This means we're going back to a more normal market .

2 years ago we had houses selling in 20-40 days and people were happy about it. Everyone has an astonishingly short memory.

Any time there is a big enough shift in a market, the collective response is generally to overreact.

I have heard some agents talking about how the sky is falling, but what's really happening is we're shifting out of the craziness that was never truly sustainable.

People seem to forget that Real Estate is a cyclical industry with natural ebbs and flows in activity. But just because something is slowing down doesn't mean by any means that there is reason to panic.

I will say that selling that was motivated from a speculative, some might say greed based, standpoint is going to go away. It was a quite a run, but the current interest rates have put a stop to that.

We are seeing the normal uptick in sellers putting properties up for sale to move for summer. We have 9% more doing that this year than last year.

The keys to seller success in this market will be to pay attention to the traffic data, physical foot traffic showing volume, and hear and act on the message it tells us about our prices.

If you have a Real Estate need, please reach out, we are always available to talk.

Want to know more about how our team works?

Click HERE for our seller info package.
Click HERE to see our current listings.

Decide that wherever you are,
is the best place there is.
Once you start comparing, there’s no end to it.
-Sodo Yokoyama