Looking for a way to get connected and share news with both clients and real estate colleagues? Consider using Google+, a social networking platform that allows you to create a profile to share information and follow news stories and updates from profiles that you find relevant. The four main features, Circles, Hangouts, Sparks and Pages, make Google+ an effective social media tool for Realtors®. See how you can use to these tools to network and learn more about real estate:
One of the newest trends in real estate is a family mortgage. These mortgages are home loans set up between family members, usually between parents or grandparents and children, with the goal of helping a relative purchase and own a home. According the National Association of Realtors, almost 10 percent of first-time buyers received loans from friends or family in 2010. These loans are becoming popular not only because of low interest rates, but also because of the security involved when it comes to borrowing from family. Before signing up for family mortgages though, both participants should consider three key factors: Whether or not a bank would lend to the family member, gift tax and interest rates.