offrs.com reviews, insights, statistics, best parctices and more for agents in the field.
  • "Manhattan real estate is the most expensive in the US per square foot with some properties topping $10,000: Study" - CNBC.com"Move over San Francisco — the Big Apple tops Silicon Valley as most expensive place to live in the United States, a new study shows. Per square foot, real estate in Manhattan is the most expensive in the United States, with the average property in the borough eclipsing all other locals. Based on that metric, some city properties even top $10,000, according to a report published Thursday by real estate and data analytics firm NeighborhoodX..."
  • "Jacksonville industrial development would span 3 million square feet" - TheRealDeal.com"A Kansas City, Missouri-based company plans to buy 156 acres in Jacksonville to build three million square feet of industrial space. VanTrust Real Estate LLC expects to break ground next month and finish construction of the first building in September 2019. The company expects to build three million square feet in three to six buildings at a Jacksonville industrial park..."
  • "$1bn for empty space: the saga of the world's most valuable real estate" - TheGuardian.com"A billion dollars is a steep price to pay for a whole lot of nothing – even if the nothing in question happens to be a prime piece of open land with commanding views over the mansion-studded hills of Bel-Air and Los Angeles. Still, a billion dollars is what the owners of the 157 acres perched between Benedict and Franklin canyons say they want, and they are not in the mood for discounts. At least in theory, the listing – known variously as the Vineyard or the Mountain – is an invitation to the ultimate gazillionaire to build his or her palace of dreams above a city famously built on them..."
  • "Las Vegas median home prices ‘slowing down’ this summer" - ReviewJournal.com"After a stretch of roaring price hikes, Las Vegas’ housing market seems to be tapping the brakes. Price growth is cooling down, sales have slowed, and the industry’s biggest trade group in town is dialing back expectations that prices will reach their pre-recession peak this year. By all indications, Las Vegas is still a seller’s market and not undergoing a wrenching change, and prices continue to rise faster than the national average. But collectively, the shifts could give buyers some relief. Southern Nevada home prices have been rising at one of the fastest clips in the country this year amid low availability and strong demand. Things have been so heated that Fitch Ratings in June deemed Las Vegas the most overvalued market in the nation..."
8 Ways Agents Can Cut Gas Costs (great tips for an efficient 2018)! Cost savings advice by offrs.com

8 Ways Agents Can Cut Gas Costs (great tips for an efficient 2018)! Cost savings advice by offrs.com

How much is your real estate business suffering due to the costs of fuel consumption? Instead of cutting down in-person appointments, consider checking your driving habits first.

As ween on Bigger Pockets...


When you run your own business, reducing your outgoing costs can have a big impact on your overall profitability. Surprisingly, one of the easiest costs for real estate agents to wrangle is the cost of gas. Because no matter what vehicle you drive... how you drive it is likely costing your business cash that could otherwise be generating listing leads. Here are tips that may not be major savings in themselves, but added up, might just reduce your gas costs significantly (at least according to the Federal government’s FuelEconomy.gov website). Note that the calculations below were based on an assumed gas price of $2.50 per gallon.


No 1: Use a Route Planner

Even though you try to make showing homes as efficient as possible, planning a route can be time-consuming and tedious. But it pays off  - quite literally. To take some of the burden off your shoulders, you’ll want to take advantage of tools like Road Warrior, which is designed for individuals who travel often. Road Warrior may not be the best tool for you (and there are certainly other great ones out there, so be sure to explore), but it has good ratings on Google Play and the Apple iTunes store. Added benefits for those who plan their daily route... more time in the day to play or close.


No 2: Keep Your Engine in Tune

If your engine failed an emissions test or is making funny noises, it probably needs some maintenance. That problem isn't going away by itself and likely isn't helping your mileage any. In fact, a tune-up adds an average of 4% on your total gas mileage. That 4% represents about a $.10 per gallon savings (for those businesses surviving off the dollar menu... that's lunch). 


No 3: Check the Motor Oil You Use

Check your owner’s manual when you go for an oil change to make sure you’re using the oil that’s designed for your engine. Using the wrong oil can lower your gas mileage by 1%-2%, which translates into $.02 to $.05 per gallon. If you're the type of tight-fisted entrepreneur looking for nickles to shave, this could be it.


No 4: Drive Intelligently

You think you're helping your business by jetting around town, but likely, you're actually hurting your bottom line. If you speed, accelerate quickly and stand on your brakes to stop, you could be lowering your gas mileage by about 15%-30% on the highway and 10%-40% in neighborhoods. Backing off on the gas pedal and the brake could save you between $.25 and $1.00 per gallon! Here's a tip... use that extra cash to take your loved ones out for a special dinner (just sayin'). =)


No 5: Monitor Your Speed

It’s true that you can sometimes get run over if you aren’t moving with traffic, but consider what speed is costing you. For most cars, gas mileage decreases when you drive above 50 mph. In effect, you are paying an additional $.18 per gallon for every five miles you drive above 50 mph.


No 6: Don’t Strap Things to Your Roof

If you need to use a carrier to store things that won’t fit in the interior of your car, choose a rear-mount cargo box. A typical roof-top cargo box will reduce fuel economy from 2%-17% if you’re driving at city and highway speeds, and more if you’re on an interstate. That reduction in fuel economy is costing you $.05 to $.42 per gallon! At this cost, the only thing you're carrying is the burden of the oil industry.


No 7: Don’t Leave Your Car Running

If you don’t absolutely need to leave your car idling, don’t do it. An idling car uses a quarter to a half-gallon of gas each hour. Keep in mind that it only takes 10 seconds worth of fuel to restart your car. So for those chilling out for lunch between appointments... roll those windows down and enjoy the breeze whenever possible.


No 8: Check Your Tire Pressure

It’s easy to forget tires don’t need to spring a leak before they lose pressure. Some new cars even warn you when your tire pressure is low, and it doesn’t take much to make a difference in your gas mileage. According to FuelEconomy.gov, for every 1 psi drop in pressure, your gas mileage is lowered by about .2%. However, a study conducted by Edmunds estimated that with the right tire pressure, you’d save $112 in gas per year and as high as $800 for cars with extremely low tire pressure.


$15 here, $800 there... It's easy to see how it pays to save on fuel costs. How much in marketing is your business suffering at the pump?





offrs collects and provides topical insights, statistics, reviews, humor and best practices gathered from real estate professionals and consumer homeowner industry peers. If you're a broker or agent interested in learning more about seller lead generation or automated marketing services and solutions, visit www.offrs.com or continue to browse our growing collection of industry articles at www.offrs.net.

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