Summertime Housing Market

Summer is a good time for a lot of things, but is home selling one of them? Well, according to Atlanta real estate coach and self-made multi-millionaire Luther Ragsdale, the summer can be an awesome time to sell a home. The fact that summer is a good time to sell a home is not only exclusive to Atlanta, but is actually a great time to sell in most places. However, selling a home in the summer can also be a bit tricky, mostly because there's just too much going on during the summer to pay close attention to selling a home. If you’re thinking about selling a home during the summer, it’s extremely important to know what the top tips are. Here, Luther Ragsdale breaks down the most important things to know if you’re looking to capitalize on the summer’s red-hot market activity.

Non Traditional Real Estate Platforms

Real estate is just starting to see its potential for tech-driven innovation and disruption in the US. With thousands of properties being bought and sold every weekend, standing out from the crowd has become harder for real estate agents. In this article, Atlanta based real estate coach and CEO Luther Ragsdale explores how real estate has changed and where it might go from here.

While new technologies promise an immersive, unprecedented buying experience, increasingly sophisticated buyers have grown accustomed to getting more detail about properties than ever before. The current real-estate landscape offers unprecedented information for buyers and a myriad of ways for real estate agents to leverage new technologies to get buyers through the doors. In order to broaden the horizons of real estate customers, Luther Ragsdale has embraced the nontraditional platforms that are changing the real estate industry.

Websites make it easy for anyone to view inventory and see what’s available. Along with photos and detailed descriptions of the properties, you can find tax and purchase history, school ratings and other neighborhood info. Better availability of property-related data has created efficient markets for sites offering value-added information such as sales histories, property renovations, historical photos, and nearby planning permits. In addition to that, all of those sites have apps too, a technology that keeps you informed without having to do a thing. You’ll get notifications about new properties and listings that fit your search criteria.

If the present is any indication, Luther Ragsdale predicts that the real estate nontraditional platforms will continue to evolve. But, when it comes to legal contracts, most buyers will continue to want an agent in their corner. Namely, in 2017, somewhere around 51% of homebuyers found their property online. However, while the process might have started online, 87 percent of people still worked with an agent to find their home. So, as long as agents keep up to date with emerging real estate trends and developments, there will always be a place for them in the industry.

Multifamily Assets Class and Its Future

We all know that nowadays innovation is instrumental to growth and success in every field, and this is particularly true for the real estate sector which is currently one of the most competitive ones. In order to ensure that his work will bear fruits, Luther Ragsdale, a real estate agent and coach located in Atlanta, Georgia, equipped himself with the knowledge to make informed investment decisions. In this article, Ragsdale, who has his own real estate agency, provides an overview with the essential information of multifamily asset development. In doing so he will point the main demand drivers and conclude with the factors that make the multifamily real estate a widely held and strategic real estate asset class.

The multifamily real estate sector currently accounts for the second -largest share of institutional investors' real estate holdings, with approximately 25% of the U.S commercial real estate stock. For a long time, multifamily was considered as a strictly residential asset, but over the last few years, things have changed to a degree that multifamily has become one of the four primary commercial real estate asset classes. This asset class spans a wide spectrum of residential properties. In general, the real estate industry classifies multifamily properties as Class A, B or C, depending on important factors like quality, age, location, rent, and amenities, among others. Mr. Ragsdale, with his team of real estate agents, has been working with multifamily assets for a long time now, which has helped him achieved outstanding performance.

One way of analyzing the multifamily demand drivers in the United States is by considering that households are mostly made of either owners or renters. Ragsdale reports that according to the latest statistics from the U.S. Census Bureau, homeownership stands at 62.9%, which is the lowest level the last 25 years. That means that there are around 117.4 million households in total. Population growth is one of the biggest drivers. As the population grows, so does the number of households. Multifamily assets may be the solution to the growing problem of metropolitan overcrowding. For Luther , this could also be one of the reasons why it becomes so popular in recent time.

Multifamily and mixed-use developments have many merits, like residents having access to living facilities, as well as facilities for working and playing. As an expert with global expertise spanning more than 15 years, Ragsdale is convinced that the one things that make multifamily real estate so appealing, is the obvious fact that it offers convenience which usually can't be found in the gated stand-alone condominiums.

Multifamily assets in key urban areas can stimulate the growth of the local economy by bringing business activities. This could create a more dynamic business environment and thus provide more employment opportunities. As Ragsdale writes in his blog posts on Bigger Pockets, the economic benefits of it are yet to be felt, but he is strongly convinced that in the years to come, this will cause a more dynamic and less centralized economic landscape, and the whole thing is, in fact, a matter of time.

Using A Real Estate Coach

In most professions, there comes a time when as an individual you simply can’t go any further without some sort of an outside help. As you probably know, real estate is a lucrative and highly competitive business. If you want to take your business from ordinary to extraordinary you can benefit considerably from personalized mentoring and real estate coaching. Luther Ragsdale is a veteran and a reputable name in the field of real estate, with a rich background of helping other agents achieve their goals. As a real estate coach, he helps agents become more competitive, set goals, strategize growth, and stay focused.

Read more at Biggerpockets [...]

House Hunting - Here are some tips from Luther Ragsdale

Finding a house or an apartment that will suit tour needs and desires, may seem like an extremely challenging task, but according to Atlanta real estate mogul Luther Ragsdale, it does not have to be so. Buyers or renters can gain some experience by learning what to look for. This way they’ll also define what kind of house they want. In Luther Ragsdale’s experience, the most effective way to find a house is to equip yourself with knowledge. Here is some advice that buyers should consider when looking for an apartment.

Make sure you know what you want. People who don’t know, or are not sure what they want, can easily be tricked into a bad offer. If you want a two bedroom apartment, do not accept a smaller one. If you have already decided on a neighborhood, look for apartments in that location. Too many people are undeceived, and indecision is a weakness that can be manipulated. Knowing what to look for is the first key to a successful house hunting.

Read the whole article here.