@@MyriadazHi, I noticed some optimization issues with your video uploads that might be affecting its reach and views. I’d be happy to share some tips to help improve your results if you’re interested!
It is, but only to 13,000 active listings in Maricopa County versus 11,500 at the beginning of the year. The trend is up, but very slow and has started to level off. For a metropolis of our size the number of homes on the market is still pretty low.
I agree. I think they should be able to put lien on your home requiring you to pay when you sell, but I don't agree with them being able to foreclose on you. I also think in order to do so there should be some other oversight whether it be the courts or something more than them just doing it. Especially if there's a dispute.
There are thousands of lawsuits where the HOAs have lost in court for ripping off the home owners. Literally scamming people!! There 10s of thousands of nightmare stories all over the internet. You have to literally deny reality to say they aren’t a scam. If you’re trying to make a fair statement the best one could say is something like “sometimes HOAs aren’t a complete scam” Aside from that you’re completely full of it. Yeah they will maintain the local parks but hello!! We pay taxes for that already.. when you join an HOA you’re double paying for something you already pay for but also sighing your life away to tyrants.
So realtors earn about a thousand dollars an hour? Sounds fair given the extremely high barrier to entry. Why would anyone ever become doctor when a realtors earns 10 times as much.
I wish that was the case! Unfortunately, that's not how it typically works out. Let me be clear though that I agree that most agents get overpaid for what they do and the bar to enter the industry is way too low. The public should be aware our rates are negotiable and like all things in life you get what you pay for. I would never pay 3%, or a high rate, for someone that does real estate on the side or just got licensed. I would however pay up for a true professional that's going to advise me and save time, money, stress, and heartache. But back to your point. Based on your math, you're assuming that every home is a million dollars. I'm in Phoenix, and the average price point is actually around $450,000. At 3%, the amount paid is $13,500, and that isn't 100% profit. When that charge comes in, the brokerage is going to take their cut off the top, then I'm self-employed, so I have to pay both income tax and self-employment tax from the remainder. That will typically bring the income down by around 40% turning the 13,500 into $8,100. That's still not bad. Factor into that though gas and all the driving around we do. There's additional expenses that take place as well. My team provides water since Phoenix is hot, snacks, maybe a Starbucks order etc. There's also the risk that you spend all this time and money and they don't buy at all. Last week I had buyer clients in town and they were just exploring Phoenix as an option. We spent two days playing tour guide showing them homes and all that Phoenix has to offer. I did not get paid for that time and will only bring in income if they actually buy and buy with my team. Unlike most industries we don't charge upfront for our services and maybe we should, but that's a different discussion. There's also all the value my team provides after the closing. My clients use me for remodeling questions, a resource for vendor referrals, I also have a vast network of professionals I know and have helped past clients get jobs. I give pies on Thanksgiving, host breakfast with Santa, send birthday gifts, appreciation events, and so much more after a client closes on a home. We even provide them free software and the list goes on and on. In total I work about 60 hours a week. This is also a sales job and you only get paid on what you close. For anyone in sales you know the juice has to be worth the squeeze. There has to be upside to take on the risk of potentially making $0 and that upside is the lack of cap on your income. This is not a normal 9 to 5 job, it's nights, weekends, mornings, and days. Real Estate is the largest investment that someone is going to make and the right professional will save you time, money, stress, and heartache. The right person is a huge value add and that's what you're paying for. You aren't just paying me for the 30 hours ish for your purchase you're paying for the over 1500 transactions I've done before you and my level of knowledge. The public deserves the right to know what good agents do and provide. If they want to do it on their own or pay someone to fill in blanks on a contract they deserve that option and it should be much cheaper than 3%. A good agent is going to be worth much more than 3% though. If you made it this far I apologize for the rant, but there was a lot to get through. Thanks for the comment!
There is nothing wrong with having a voice as a realtor. I hope every home seller or buyer gets to experience at least one good agent. There are some that are probably worth 8% but those agents work off of referrals only and are always busy. I think it should be a requirement for agents to articulate what services they provide. I had an agent ask for 6 percent and asked what she does different from another agent , I was told “ I work my axx off”. On a 1.4 million dollar home I need a little more about services.
@davidedwards7594 You and I are in complete agreement! If you can't articulate your value in a clear and understandable way, you should not get away with charging a full rate. I recently learned that over 90% of agents don't have a buyer presentation, and 25% don't have a listing presentation. My mind was blown!
I don't think the government will make Realtors work pro-bono for first time buyers and vets. I do however think that the loans will get figured out, it might not be prior to July though. I've spoke to a lot of owners of large mortgage companies and this is being worked on as we speak. I think what will happen is some of the fees will be able to be wrapped into the loan, which could actually be super helpful when it comes to the affordability of purchasing. Also keep in mind that this change doesn't mean a seller won't help with those costs, it just means it isn't being advertised and isn't as guaranteed as it was before. An agent can still ask for the seller to pay the buyer's agent's fee.
Buyers will offer their agent as little as possible because they don't want to miss out on a home they love just because the seller doesn't want to pay for the buyers agent. This change is a big win for sellers! Agents will compete and drive down their own prices. In 5 years I expect listing agents to get paid up to $5k for normal listing's and buyer agents will get paid upto $1k. Less money for agents, more money for buyers and sellers.
I think you'll see a bifurcation where you'll have agents at the top that charge higher fees for the value they bring. You will also most certainly see a race to the bottom as well. I think you're also spot on that this won't happen over night and will need to play out over time. This change went into effect in Washington and New York a while ago and not much has changed in agent compensation. The good thing to come out of this is people will have options. If you're a do it yourselfer type and don't want or need the high level of service and time saving then having a cheap option will be a good thing.
@@Myriadaz the more specialized an agent is the mote they can charge. Agents that find great fix and flips will continue to charge the full 3% on the listing after the home is fixed up. I think for basic transactions like selling or buying a mass produced house in average condition (commodity type product) will pay the lowest commission.
Nobody knows what’s going to happen…People naturally try to save themselves. To say that pricing won’t go down is speculative at best. The mortgage industry will also be revamped. Do you really think parents will want to watch their children not be able to purchase their own abode in their lifetime…Creative thinking is at work as I type. We can’t continue to do things the way we always have.
I'm in full agreement. We're speculating what the results will be. There is precedent though in the state of Washington and New York. They've been operating this way for some time now. The compensation to agents hasn't changed much, but when it comes to Real Estate change is usually slow. Lending will have to change to keep up with these rules as well. I'm excited for the change and the prospect for innovation in an industry that has seen very little.
Its very important to go with a reputable company that has in house vendors and connections with roofers. If you go with some small company that might not be around in 10 years thats a big risk. Most homeowners are not worried about going into foreclosure and if they did they usually wouldn’t qualify for solar for reputable companies. I work for Sunrun which has reputable service, hsrdware and in house vendors that dont approve subpar roofs for install and have excellent funding options that allow new agreements during transfer of title of a house to be seamless
Lease can do some right. Older or people with limited income who don't have tax labilities, can definitely benefit from leases. Leases are still 30 to 60% lower than most utility company's rate. Utility companies rarely upgrade their system to save people money. They have and will increase their rates substantially. Leases are not for everybody. But, still better than utility companies.
Rip-off / Just Like Anything Else Consumers Buy Even If The Cost Is High. It's Obvious A Lot of These Co's. Will Never Disclose Their Bad Intentions Even If "YOU" Already Know The "GAME" Just To Make A Profit Unless You Push Back "HARD"! Many Individuals Are Rushing Instead of Waiting For Proof of Performance, It Takes Time & A lot of Research. If They Can Only Lock You Into A "Dishonest Contract" The Damage Has Been Done. Not Knowing The Consumer Laws That Are There To Protect Consumers Are Vital As Well As Contract Law. This Is Where They Hope You Are Clueless Of! There Are Solar Panels That Are Not Performing Well, As Time Goes Bye You'll Notice It. There's Recycling Co's. That Are Selling Them Almost At Half The Cost From Loss of Performance. It Takes Time, Do The Research For A While & Thats When You'll See All The Problems Coming Out of The Solar Panels But The Main Problem Is Not Understanding or Reading The Terms & Conditions. NO DIFFERENT THAN A DISHONEST CAR SALESMAN LOOKING TO BAIT & SWITCH! 👈🏼🧐💯
That's fair, but I do state what I think will happen based on seasonality and historic trends. My point in the video is that many pundits will state what the market will do, but the fact of the matter is they don't know. I listen and read data from a lot of professionals and experts vastly smarter than I am to formulate an opinion on the economy and housing market. No one can see the future, unfortunately, and most people stating opinion as fact are misleading people. At the time that I recorded this video, the 10 year treasury was at 5%. On Friday we had a weaker than expected jobs report and a more dovish Federal Reserve, this lead to the 10 year dropping to 4.5% and mortgage rates coming down to the low 7's, and some loan products back in the 6's. Experts agreed that the total number of jobs created would be 180,000, and it was actually 150,000, so even the experts were wrong. I can make estimates on what I think the market will do based on historical trends, but even those can end up wrong. My feeling as it pertains to real estate is buy when the time is right for you and know that real estate is a long game. The home will be worth more in the future than it is today, and if you don't plan on being in a home for at least 5 years, you probably shouldn't buy. Anyone telling you they know what the market will do is just not telling the truth.
Danny you keep repeating the phrase I have no idea I have no idea I have no idea , if you can't offer any experienced professional advice why would I want to use your service's ?
I would be careful making or even watching a video like this. One thing that Daniel doesn't seem to understand is, this assumption that the utility companies aren't going to raise their rates exponentially in the future is actually very dangerous. Reminder this is an argument. 1:27 It's not fact. It's his speculation. Daniel is not an energy consultant and he clearly hasn't seen the state of our power grid and how utility companies are ALREADY raising their rates and have a lot since even the time of him making this video. You also made a good point, most people live in a home for 3-5 years and that is NOT nearly enough time to see a recoup for owning a system which is what you are implying is the best option. The fact of the matter is. This is not a one size fits all thing. So buying isn't the best option when you aren't trying to pull out a loan or take on any debt. 2:10 So you do realize when you buy a system that those SAME panels are going to be outdated too right? It literally makes no difference only REAL difference is you have just bought solar panels that are outdated and that YOU are responsible for maintaining and rectifying warranties and stuff when the equipment fails. A PPA (which isn't a traditional lease) gets away from all of that. You should really watch how you are framing this information because it's VERY inaccurate. What Daniel also doesn't understand is you are already forced to tie technology to your home without solar. You're not looking at the bigger picture and what is best for the customer and the homeowner. Homeowners do not want to buy a solar system that will be outdated in 5 years. But they will buy cheaper power. People who move into a house aren't worried about "technology being tied to your home" This whole video is very biased and just wrong. 3:06 it beats paying the utility company MORE than what you would have paid. 🤦♂ 3:12 You're already forced to tie a technology to your home Daniel its called transmission and distribution lines that cost WAY more per kWh to the customer. 3:25 wrong AGAIN. 3:45 wrong AGAIN Sunrun's PPA has a guaranteed transfer of service. 4:35 Only traditional solar leases work like this not a PPA or Power Purchase Agreement.
I sell solar in California, I do a lot of cash deals but if I have a client who wants to finance I always tell them to reach out to a local credit union if they want to finance the system. You still get the tax credit and the credit unions offer the best rates and terms for solar. Get a cash proposal and take it to a local credit union if you don’t want to come out of pocket and still own the system.
I love this! I refer a lot of our buyer clients to credit unions for mortgages as well. They have great loan programs for people to use. Thanks for the comment and advising your clients on their options.
Can you explain why Sunrun installed 40 panels on a 2,600 sq foot home? I bought this home and was forced, by Sunrun, to assume the contract or loose a great house. I bought it in November, no problem initially, but by march I was paying $250 to $300 a month for electricity that I was not using. The previous owner purchased a 18 panel system from someone else previously. Sunrun sold him an additional 22 panel system, on top of what he had. OK he was an idiot preyed upon by scammers. First year, I paid $2,500 over what I used and was given back $400 by Utility company which dissapeared at true up. We have been fighting since 2008. They turned me over to a collection agency, trying to collect the total cost of the system installed in 2009. Sunrun is a horrible company that will oversize your PPA system. More they install. More you pay.
All energy is local. Some places solar makes sense. Other places the long-term cost will exceed the value of electricity they produce. Everyone needs to look at their own state, loan rate, electric company requirements, fees and minimum charges.
It's a scam! Unless you live in a run down neighborhood or a Getto, you have shown that you are a responsible person who has paid your bills on time ,have a good credit score to buy a home or condo. It makes no sense that a responsible person would paint their house a goofy color or not keep up with the lawn. I have been in a lot of non HOA neighborhoods and they were well maintained without having someone to hold their hands in life.
Of course a financed solar system purchase creates a lien on the house. Veterans beware, the bank may foreclose on your VA insured home loan if in their discretion they decide your debt picture has changed. If you are a disabled veteran, the federal tax credit probably won't save you a dime. On the other hand, anything on a lease is subject to negotiation. This can mean no cost up front, no lien on the property, a much lower payment, the solar company is responsible to maintain both the solar system and the roof for the life of the lease, a buy out agreement in your favor in case you decide you want to, the fact that you no longer have any lease obligation if the home is sold and the new owners can assume the lease, or not at their sole discretion. When the large solar system is installed, inspected and you have the PTO in your hand, it's a good time to negotiate on the lease you have not signed yet. If you are in California, be sure you are grandfathered in under NEM 2.0 before you do anything else.
The most important things to consider are 1. Never Lease Solar. 2. Only BUY Solar. 3. Do thorough research of the company that you are considering . There are a lot of "Jonny- Come- Lately" Fly by night, up starts out there. Because Solar is Booming ! Most all of these lesser companies purchase all of their Solar equipment from some third party manufacturer that may also be new to the industry. And are not even based in the USA. All Solar systems are Not created equal. Beware of those who install solar as a sideline. Such as roofing companies, or uncle Jim the electrician. You may have unnecessary delays and hassles, and not save money in the long term, nor have a reliable, long term warranty. It is best to choose a company that is focused ONLY on Solar. And builds, manufactures, and installs THEIR OWN Solar Systems. A reputable, experienced Solar company can offer a full 25 year WARRANTY. And , once you are approved and your system is designed., Most average home solar systems can be installed in ONE DAY. Not dragged out over several weeks or months of delays. And better still... A quality, well established company will be able to offer ZERO DOWN , very low fixed rate in house financing. And possibly even provide differed payments for the first year of transitioning to Solar. Which is GREAT. Solar is a wise investment, and a way to take control of your power dollars, and put them to work to your financial advantage . Don't be afraid to learn about SOLAR. INFORMATION IS POWER. 🌅
Daniel a couple of things please. 1. Sunnova (lease) claim the only thing a new buyer needs is a 620+ credit score. 2. Their lease increases $0.00 over the lease term of 25 yrs. - so the payment doesn't increase. 3. Something they claim is "new" - they insure their system so it has no impact on your homeowner's policy. I'm in Vero Beach, FL and looking into solar. With regard to Sunnova having to "approve" of a future buyer and the problems that may present with the buyer's lender, I haven't researched that yet. Perhaps I can check with local RE agents to see what kind if problems there have been. Thanks very much. Rick P.
Great question! Here in Phoenix, sellers actually aren't pulling their home from the market. The cancelation rate for listings is currently below pre pandemic levels, and the homes that are coming off the market are going under contract with buyers. New sellers aren't listing homes as quickly as homes are selling, bringing inventory down pushing Phoenix into a seller's market.
Found this video very interesting and wanted to point out the ONE reason why we DID decide to lease our solar system with a NJ-backed leasing company. Our lease payments have $0 ESCALATION COSTS! That's right. Our 20-year lease payments will be fixed and will never increase (it's in the contract specifically). For that reason, our interest was peaked. Also, we are in our 60's and won't be in the house more than about 5-10 years, and I've spoken to several realtors who have told me that the solar system (especially when the lease amount is fixed) will be an asset to selling the home because the cost of electricity here in our NJ area is going up and has gone up every year. Plus, the lease is 100% transferable, so that would be a win-win when selling our house (we got a new roof already last year too). One of the realtors said many "seniors" are getting leased solar because it's cheaper when you have no installation or maintenance costs and our State has lots of incentives for going solar (lease and buying).
Wanted to also add (as I'm re-watching this video), the installers are sending out an engineer to inspect our roof and attic space prior to the install, to make sure the roof can handle the panels. The company I'm dealing with is BBB A+ rated, has been in business since 1999, and verified by the State of NJ as a reliable provider of solar systems. I did my homework like crazy before I authorized the company to begin the process. Oh, the salesman is a personal friend so I trust him, but I still did my research and think this is a good deal for the reasons I stated above. I spoke to 5 realtors, 3 of them said they have sold many homes with leased solar, as it's a desirable commodity in my area of NJ and my home is in a very desirable neighborhood. Don't think the technology will be an issue within 10 years. Especially when the company has a 100% maintenance provision in their contract. Plus, at the end of the lease, they new owners will outright own the panels because the leasing company won't want to return to take them down.
@@Steve_in_NJThat's great and sounds like you really did your due diligence. Everything is local and everyone's situation is going to be different. It's important to do your research so you can make an informed decision and it sounds like you did that. Thanks for the feedback and post!
It’s even worse than this video is explaining. If you go with sunrun lease. First of all forget about your rebate. Sunrun is going to raise your price by 30% in order to keep that rebate. Then they’re going to offer financing for 24 years at a fixed rate. I’m going to explain the accelerated rate. True you get a fixed rate on the lease. But you don’t get a fixed rate on the payment. Every year your payments going to go up to 2.99%. For the entire 24 years. By year 10 your payment will be so high that you will no longer be saving money and you will actually have a electricity bill and a solar bill. Electricity is going to go up over those 10 years. Now here’s another kick in the teeth. At any given time your electricity, utility company can cut the credit they are giving you. In California starting in April 1 they’re going to cut the credit from $.14 a kilowatt to only $.08 a kilowatt. All my friends and family in California are not saving more than $100 a month currently paying for their lease and sometimes paying for electricity cost. Mainly in the summer. Here’s when they kick you in the stomach. Some solar companies like sunrun lock you in to the contract for 24 years and when you sell your house. The buyer doesn’t get your contract. They have to actually start all over again, and most of the solar companies charge them even more than the seller. Example sunrun this is a actual quote $62,000. $16,000 rebate. Now I have a $46,000 lease. And the payment is going to go up to 2.99% every year. I decide to sell my house five years later. Sunsun wants the buyer. To renegotiate a new contract. The $48,000 for my lease may become $70,000 for the buyer. The buyer rejects the contract and you lose the sale on your house. For crying out loud critically think about leasing. It would be better to take a second on your home and pay it off that way. Or take a loan on your 401(k) account and pay yourself back.
The Salesperson doesn't determine the quality of the roof. Also, I agree, it's better to buy(finance) than lease the Solar. I do recommend Solor. Particularly for those who plan on staying in their home for longer.
Hi Peter! Boy that's a hard choice I've helped clients in both communities, and they all really like where they're at. I really like the views and sunsets you see in Stone Mountain and it's a very small community, very intimate. With that being said, for me, I prefer Moon Ridge Golf Estates. I prefer it due to the golf course and location of the subdivision. I think the location of Moon Ridge Estates is better due to the other homes that surround it. I also like some of the restaurants and amenities that are nearby. It's more expensive than Stone Mountain because of it's location as well. It's certainly a tough choice though, and I don't think you can go wrong in either community.
Hi Kyuirah! You are absolutely right, my opinion's are biased because my livelihood is based on people moving to Phoenix, living here, and making it their home. I'm very bullish on the future of Phoenix, it's continued growth, and I love living here. I hope more people check it out and move here too as it's a wonderful place to live. With that being said I tried to only relay the facts on this one. I reported on what other's have reported based on their research and studies. It's something that I pay close attention to, living here myself it not only affects my business, it affects the lives of all my family and friends. Thanks for the feedback and I'll always try to give info without a biased slant to it.
