Posts tagged peterlorimer
How To Assess Your Client's Home Value? | MailBag | Q&A

✉️ MailBag ✉️

You ask questions, and I answer them. This week, the question is, "How do I properly assess my client's home value?" Jessica L.

Here's the technique I've used for years--bracketing. Bracketing is also used by real estate appraisers and encompasses preparing comps as well as a range of values for the property.

First, I prepare a few comps before meeting the seller, and then present three different price points around the home's true street value:

👉 Below market value

👉 Right at market value

👉 Above market value

This method takes the pressure off you, the agent, and allows the seller to feel ownership over the process.

❤️ PL

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What is an HOA Reserve? - Magic Minute Season 3

What is an HOA reserve? I know, I know… it can seem like a snore. But you have to know this stuff!

Homeowners’ Associations are the governing bodies that help make sure there’s not a meth lab next door to your home or a punk band on the tenth floor of your condo.

The HOA reserves are there for when things like a leaky roof or other big problems arise. And as buyer’s agent, I like to see about 25K per unit in reserve. That helps your buyer feel safe, should something come up!

May not be the sexiest topic, but we need to know it all!

Thanks for being here ❤️ Pete

2019 Real Estate Market Predictions - Magic Minute Season 3

2019 Real Estate Market Predictions - Magic Minute Season 3

Here is my educated opinion on where we’re headed: The market has consistently grown for the past decade and I think we’ve plateaued a little bit.

I don’t see a huge crash. Slow and steady is the name of the game.

So, if you are a seller, sell between April and July. This is typically the best time of the year to sell anyways, and strategically makes sense for 2019.

Thanks for watching and being part of the rebellion!


#Throwback Tuesday - My First Time Meeting Gary Vaynerchuk

Charge At The Future 

Here’s a look back at a day I think of quite fondly.  It was when I got to meet my man crush Gary Vee and tell him how he has ruined my life (kidding)!  I attended an Inman conference where I was able to see him speak about how to predict the future and make strategies to charge forth and avoid that forever growing vanilla noise.

His talk was right up my alley.  As you all know, I’m a huge proponent of tackling the future head on and changing things up by using video as a tool.  It was amazing to meet and hear ideas from a Vlogger that inspires me to always do more. 

Thanks for watching and being part of the rebellion!


TAKING NYC - The TV Show Continues in New York | Pete Lorimer Vlog #63 | Travel & Vlogging

This week the circus rolled into town in the buzzing metropolis of New York City. There is nowhere quite like this town and in what little time I had off from shooting the show I managed to grab some majorly touristy moments in The Big Apple. I have only spent a couple of days or so in NY before but this time I got to hang for a whole week and visit a spot I have never been to before.... Brooklyn!!

Thanks for watching......and enjoy!


2018 Goals and How to Hit Them, Plus A Very Big Announcement - Monday Mantra Livestream

MONDAY MANTRA LIVESTREAM - 2018 Goals and How to Hit Them - A Very Big Announcement 

In this Mantra I talk about goals and the techniques I have used over the years. Goal setting can be just a destructive as constructive, so, I go over some of the pitfalls that can shatter goal setting along with some belief structures that have helped me to no end over the years.

It is all about putting what we want dead last and putting what our clients want dead first and as long as we do that, the business will continue to find us.

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