EVERYTHING REAL ESTATE ... POSTED DAILY
offrs.com reviews, insights, statistics, best parctices and more for agents in the field.
RE HEADLINES:
  • "Santa Monica Neighborhood Among Most Expensive In LA" - Patch.com"Real estate in California is expensive, but in Los Angeles County it can seem exorbitant – like that record-breaking $1 billion property that hit the market in Beverly Hills. Yup, that's billion with a 'B.' But what about average home prices countywide? PropertyShark, a website that provides in-depth real estate data, analyzed neighborhoods in Los Angeles and found the median home prices in Quarter 3 of 2018. Surprisingly, they found that L.A. area's top 20 most expensive neighborhoods are overall twice as pricey as NYC's 20 most expensive..."
  • "C.A.R. releases its 2019 California Housing Market Forecast" - PRNewsWire.com"A combination of high home prices and eroding affordability is expected to cut into housing demand and contribute to a weaker housing market in 2019, and 2018 home sales will register lower for the first time in four years, according to a housing and economic forecast released today by the CALIFORNIA ASSOCIATION OF REALTORS®' (C.A.R.). C.A.R.'s '2019 California Housing Market Forecast' sees a modest decline in existing single-family home sales of 3.3 percent next year to reach 396,800 units, down from the projected 2018 sales figure of 410,460. The 2018 figure is 3.2 percent lower compared with the 424,100 pace of homes sold in 2017..."
  • "Who is taking a stand on affordable housing in Pittsburgh?" - NextPittsburgh.com"Since the turn of the century, Pittsburgh has emerged as a story of reinvention and rebirth in the face of a changing economy. While the gains from our emergence as a hub of research and technology are real and hard-won, they don’t tell the whole story. Since the year 2000, housing — perhaps the most basic human right — has become significantly less affordable in Pittsburgh. According to a study commissioned by the city’s Affordable Housing Task Force, the average cost of a rental home has increased by $116 monthly, far exceeding the rate of inflation, while the median income of renters has remained stagnant at around $26,000 per year..."
  • "Requested amendment to downtown project could be 'deal-breaking' for Tulsa Development Authority" - TulsaWorld"Urban renewal and city officials have concerns over a developer’s request to remove the retail portion of a proposed downtown project. The Tulsa Development Authority tabled the item at a meeting Thursday. Developers Neal Bhow and his son Shaun Bhow of Hartford Crossing LLC have asked the TDA to amend an agreement for a development at 111 S. Greenwood Ave., allowing them to eliminate a proposed ground-floor food hall and dropping the building from five stories to four. The proposal for 55 housing units remains unchanged..."
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.
 

What are your thoughts?

Industry Insights

The Enterprise Real Estate Lead Generation Companies Need

The Enterprise Real Estate Lead Generation Companies Need

When it comes to real estate lead generation, companies cannot afford supply line failures. offrs provides SMB and enterprise offrs lead gen solutions for all.

HEY, CAN YOU DO US A SOLID...?

We understand it's a lot to ask, but we are doing our best to build peer readership.

So be sure to help us share our content with your peers, friends and clients. Thanks!


Unknown