Celebrating 100 Google Reviews - Join Us in Reaching 150!

At Team Tringali, we are overjoyed to share a significant milestone with our valued clients and supporters. We have reached a remarkable achievement of 100 Google Reviews! Each review represents a satisfied client who has experienced our dedication to exceptional service and successful real estate transactions. We want to express our deepest gratitude to everyone who has taken the time to leave their kind words. Today, we invite you to be a part of our journey as we set our sights on reaching 150 reviews. Your continued support means the world to us.

Celebrating Success:

Hitting the 100-review mark is a testament to the hard work and commitment of our entire team. We take pride in providing personalized and comprehensive real estate solutions tailored to meet our clients' unique needs. The positive feedback we have received so far has reinforced our passion for delivering exceptional service and going above and beyond to exceed expectations.

Why Your Reviews Matter:

Your reviews not only help us showcase our expertise and credibility but also assist potential clients in making informed decisions when choosing a real estate partner. By sharing your experiences and insights, you contribute to creating a trustworthy and reliable resource for individuals seeking real estate services. Your honest feedback helps us continuously improve and refine our approach, ensuring that we deliver the best possible results to our clients.

Help Us Reach Our Next Milestone:

We are excited to set a new goal of reaching 150 Google Reviews. With your help, we believe this milestone is within reach. If you have had a positive experience working with Team Tringali, we kindly ask you to take a few moments to share your thoughts on our Google Reviews page (link: [Insert clickable link to the Google Reviews page]). Your feedback can make a significant impact and contribute to our ongoing success.

How to Leave a Review:

Leaving a review is quick and easy. Simply visit our Google Reviews page and click on the "Write a Review" button. We encourage you to be specific about the aspects that impressed you the most during your journey with us. Whether it was our market knowledge, personalized approach, attention to detail, or exceptional communication, highlighting these elements will help others understand the unique value we bring to the table.   → https://g.page/r/CQxSpnOEFeb5EAI/review

Conclusion:

Reaching 100 Google Reviews is an accomplishment we are immensely proud of, and it would not have been possible without the trust and support of our valued clients. As we embark on our mission to reach 150 reviews, we humbly request your participation in sharing your positive experiences with Team Tringali. Your reviews will not only help us grow but also assist future clients in making informed decisions.

Thank you for being a part of our success story. We look forward to continuing to provide exceptional service and delivering outstanding results for each and every client we have the pleasure of working with.

Together, let's write the next chapter of success!

Team Tringali

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How to Get Started Investing in Real Estate

 A question we hear often is how to get started investing in real estate. This article will help you understand the easiest way to start investing and how you can go from being ready to actually ‘doing’.

FHA Loans

The most common (and easiest) way to get started investing is with an owner-occupied FHA (Financial House Administration) loan. With an FHA loan, you can buy a multifamily with up to 4 units but are required to live in one unit. You can rent out the other units which typically pay for your mortgage, plus some, plus you get to live there rent-free while the property grows in value over time. FHA loans are also some of the easiest to qualify for and require the least amount to put down (only 3.5% down payment). They require you to have a 580+ credit score and you can use 75% of the appraised rental income from the property as additional income to qualify for the loan!

Here’s an example: Say you’re preapproved to buy a single-family home for up to $215,000. With the additional income of a 3 or 4 unit multifamily, you can now buy a property up to $400,000 – $550,000! (Actual numbers may be different and we recommend speaking with a loan officer for your exact scenario. You can find our go-to loan officer, here.)

With FHA’s 3.5% down payment you only need to bring a $15,750 down payment to purchase a $450,000 property, before any other closing fees.

Let’s run the numbers on a $450,000 multifamily with 4 units. Let’s assume all 4 units can be rented for $1,500 a month. You’re living in one (without having to pay any rent) and the other three are bringing in $4,500 a month or $54,000 a year in rent. FHA loans have some of the lowest interest rates so for this example, we will use 2.5% a year for a 30-year loan. Your monthly payment, before taxes, insurance, or PMI is $1,778! And you are bringing in $4,500 a month on top of living there for free and the value of the property growing over time.

This is only an example and we can help you work out the real numbers of a property and find out what your real scenario would look like!

Not Looking to Owner Occupy?

So maybe you aren’t looking to owner occupy your multifamily but you are still ready to invest. The down payment will be higher than an FHA loan but it’s still well worth it. A conventional loan typically requires 25% down to purchase an investment property. So if we took that same scenario of $450,000 you would need a $112,500 down payment. (Purchase Price x .25 = Down Payment) But your mortgage payments will be much lower because you won’t be required to pay Personal Mortgage Insurance (required on any loan under 20%) and your loan won’t be as large because of your down payment. With a 2.75% interest rate, your loan payment is now only $1,378.

How To Find The Right Property

Finding the right investment property takes a lot into consideration. What is your budget? What is the minimum return you’d like to see? Which area are you interested in? How much work would you like to put into it? (If any). And once you find the right property it’s important to find out if the tenants are actively paying, if any units are vacant, and to understand the condition of the property.

Team Tringali can help with that. We are trained professionals who do this every day and we know what to look for, the right questions to ask, and can guide you in the right direction to get you into the right property for you. A majority of the team personally invests in real estate and knows first-hand the importance of doing the right deal.

Ready to take the next steps? Let’s get you preapproved! 

Click here to have one of our agents reach out to you about what you’re looking for.

Or you can contact us at: 

sales@teamtringali.com

(603) 437-6899

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It’s Still a Great Time To Sell

Sellers all over the country are confused and worried they may have missed the best time to sell their home. Prices are dropping, mortgage rates are rising, and the pace has slowed but the impact on any individual seller is unclear.

While the days of any home selling for any price are behind us, the current housing market is still strong. The biggest hurdle for sellers is to avoid the feeling that they missed their chance to get top dollar. Yet, many times the seller intends to buy again also; so while they may sell their home a little lower, they will also buy the new home a little lower as well.

ABCs of Success

The ABCs to a successful sale are not complicated. They are the basics of home selling, but if followed, it will ensure a timely and profitable home sale.

A) Appreciation – When sellers hear this term, they normally think of the value of the home. During a challenging market, this kind of appreciation is to appreciate every buyer who wants to come by and every offer you receive; take them seriously.

B) Give in, Don’t Dig in – Along with appreciation for offers, view all the terms in the light of where you can give in or compromise. Be easy to work with and be reasonable

C) Stop Comparing the House Next Door – Try not to be discouraged or angry if other homes are selling faster. You don’t really know the reason; try to stay patient.

Buyers are excited about the slower market. This means that buyers are still buying. Sellers who get back to the basic ABCs can be successful and achieve their selling goals.

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How to Buy and Sell at The Same Time

You have decided to sell your home, but you have the concerns that most home sellers have; “Where do I go next in this crazy market”. It is a real concern with how difficult it is to get an offer accepted in this market, but the good news is with the right resources you may not have to worry about competing at all.

Purchasing a Home SUCCESSFULLY (in 2021 and Beyond)

We have all heard the horror stories of houses on the market getting 20 or more offers, going way above the asking price, and the winner being a cash buyer. It is enough to scare any home seller into settling to not move and just ‘sticking it out’ a couple more years in their current home instead of being where they want to be. That’s because average buyers have one major downfall… they’re working with average agents. In today’s market, it takes using an extraordinary agent to do extraordinary things. Here’s how Team Tringali gets our buyers into homes faster and easier than other agents:


1. We connect off-market deals. We have an entire list of sellers who are ready to sell but don’t have their house on the market for a variety of reasons. Right now, we have over 25 homes that fall into that category. We close off-market deals REGULARLY because we bring on a buyer who is looking for the exact house that one of our sellers are willing to sell. No competition, no crazy market, and still matching every one of your needs in a fraction of the time otherwise spent working with an average agent touring the state every weekend for open houses.

2. Maybe an off-market property didn’t match your specific needs, or you see an on-market property that you love. Team Tringali will be ready to go, and we know this market better than anyone. Every agent on our team is both a listing agent and a buyer’s agent so we know what the other side is looking for. Cleanly packaged offers, appraisal gaps, personal connections with agents, and digging to find the seller’s exact needs are all skills that help to get your offer accepted that average agents aren’t doing.

3. It is a seller’s market. So, work with SELLER’S AGENTS.

Selling in 2021

You may have already heard but in this market, selling is the easy part. Homes are flying off the market for well above the asking price due to multiple competing offers. Anyone can sell a home in this market but it’s important to work with an agent who can get you more for your home. Here’s a few things we do to make that happen:


1. Marketing that exceeds expectations. We bring in professional photographers and stagers to make your house perfect. According to the National Association of Realtors, 97% of buyers see their future home for the first time online. First impressions matter. That’s why having the best online marketing is important.

2. Negotiating. One of the most important jobs of a Seller’s Agent is using the market to the seller’s advantage. We do this with our knowledge of the right timing, using offers to compete with each other, and attracting buyers to increase the amount of competition.

3. Once you accept an offer you are considered ‘under contract’. This starts the process of inspections, of their loan going through underwriting, an appraisal, and other necessary steps before getting to the closing table. This is where having a REALTOR comes in handy. Their help extends past just selling your home but guiding you through each step and making things easier for you.

The Bottom Line

Selling then buying in this market can be scary. It’s important to work with an agent who goes above and beyond the average standard. This market requires offering above asking or going the alternative route of working with a team that can connect you with an off-market team.

On the other end, most seller’s homes are going for above asking and it can balance out your difficult buying situation while also locking in a low-interest rate.

The best time to buy real estate is always NOW. What are you looking for?

You can reach Team Tringali for questions or a free home evaluation at:

(603) 437-6899

info@teamtringali.com

Follow us on Facebook, here!



You can check out the current on-market properties at www.TeamTringali.com

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Expired Listings

Your Listing Expired- Now What?

Did You Know; December and January Have The Most Expired Listings?

As most people know, Listing agreements all have an expiration date. No one wants to think about what happens when the listing expires; both the seller and agent hope the home will sell long before that time. But it does happen. An expired listing means two things; first, the home is now off the market, and second, you as the seller are no longer under contract with your agent.

Nearly 40% of expired listings, re-list with a different agent within 30 days. Now you have some decisions to make. The most important question is to decide if you still want to sell the home. Let’s face it, it’s a challenge to have your home on the market; the home must always be kept show-ready and the last-minute scramble to accommodate a potential buyer is tiring. You should also consider the real estate market and whether current conditions will still allow you to sell in your expected price range.

If you decide to continue with the plan to sell, it’s time to consider whether you
want to change agents or stick with the current one. There are many reasons why
a home doesn’t sell that have nothing to do with your representation, but if you
sense that the agent is not the right fit, this is the time to make a change. If the agent isn’t the problem, then the next step is looking at the home itself and the price. Are you overpriced for the home and its competition?

No one wants to think about an expired listing nor a home that didn’t sell—but this is the time to take stock of the situation, adjust if necessary, and try again; hopefully with the right combination of condition, price, and agent. 

Talk to Your Existing Agent First

If your agent has fulfilled the marketing plan, worked diligently to sell your home, and the market is not working in your favor, then you might need a price reduction. Ask your existing agent to prepare another comparative market analysis to determine if your home is priced to sell. If you respect and value your agent, relist with that agent.

Adjust your price accordingly and follow your agent’s suggestions, even if it means making repairs or improvements you’d rather not do. If your agent is spending money on your listing through advertising, aggressive marketing, and networking that listing, that agent deserves your loyalty.

Source: https://www.thebalance.com/expired-real-estate-listings-1799032

Changing Agents

Top 3 Things That Make the Agent Different

Examples can range from marketing to knowledge. Acceptable answers are:

• Strong repeat record of satisfied customers
• Extensive online marketing
• Good negotiation skills
• Assertive, doesn’t take no for an answer
• Strong communicator.

Source: https://www.thebalance.com/right-answers-to-your-agent-interview-questions-1798902

Key Takeaways

• After your listing expires, review some basics about your time on the market, such as why you want to sell, your marketing strategy, and any buyer feedback your agent received.
• Due to solicitation restrictions that lift when your listing expires, expect to hear from a sudden surge of agents hoping to sell your home.
• If you decide you want a new agent, interview several and ask what they would do differently next time you list.
• If you want to stick with your current agent, ask them to do another comparative market analysis to see if the price was an issue.

Source: https://www.thebalance.com/expired-real-estate-listings-1799032

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Should I Use My 401k to Buy a Home?

Buying a home can be a financial stretch. With Soaring home values and rising interest rates, many potential first time home buyers find saving for a down payment increasingly difficult. For Many people, the main source of savings is in the form of a 401k and tapping into this resource for a home purchase is one way to find the down payment necessary to finance a new home; but should you use your 401k to buy a home? Experts are conflicted.

 

A 401k is a retirement savings plan offered by employers which takes pre-tax earnings and deposits it into an investment account for use in retirement. The money in a 401k account can be accessed by either taking out a loan against the balance or by a straight withdrawal. A withdrawal before the age of 59.5 is also subject to 10% penalty.

Taking out a Loan from a 401K account may be a viable option for potential home buyers. For one thing, a loan from your 401k should not count against your borrowing power. You also don’t need to qualify because you are borrowing from yourself. The amount you can borrow is limited, for example 50% of the balance, and typically it must be repaid within 5 years. The other option is a simple withdrawal; the 10% penalty is incurred, but the value is not usually limited.

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Saving for a down payment can be challenging. Using your 401K to help may be a great option. Speak with your financial advisor and see if this is the right move for you.

Design Trends for 2023 – More is Everything

A common regret around taking down the holiday decorations is how bare the home looks suddenly. Fortunately for anyone ready to upgrade their design in 2023, new trends are offering more comfort and coziness than we’ve seen lately.

For the past few years, home designers have created a blend of minimalism and simplicity in their home styles. This style involves removing anything from the space that is not necessary for function or lifestyle. The common phrase, “does it spark joy,” is a new mantra for homeowners hoping to eliminate clutter from their homes.

As the new year approaches, this mindset has been thrown out the window. Maximalism is the new theme. Color and patterns, textures, and excess
have replaced the sleek lines and neutral colors of minimalist design. Home décor trends now invite the consumer to play with bold colors and contrasting patterns and shapes. Almost anything goes.

It’s important to note that this is not an invitation for clutter. A perusal of home magazines and design books emphasizing the latest “boho” style, clearly shows a method to the design. The furnishings are functional and comfortable. Color palettes are curated for harmony and mood. While this is a great time to experiment, to avoid creating a hodge-podge of design, thought is more important than ever.

2023 is almost here and with it a fresh approach to décor. Forget the minimalist style of the past and embrace maximalism; with all the print, color, and excitement it brings to the home.

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