🆕 Stay up to date on all the latest topics while Tom Toole and special guests, Zahra Saleh and Anthony Capodanno give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉 This weeks topic recap:

📝 • Job report & upcoming FED meeting

✅ • Jimmy Burgess gives business advice

👏 • Zahra & Anthony

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Want more reviews and referrals from your clients? 👀

Here’s a simple 3-point plan:

1. Do a Great Job: Ensure you excel during transactions. Be transparent, overcommunicate, and avoid hiccups. Great service makes you referable and reviewable. 🎉

2. Timed Asks: Request reviews and referrals at high points, like after a successful negotiation. A well-timed ask can yield great results. ⏰

3. Stay in Touch: Maintain contact post-settlement. Follow up on anniversaries and stay top of mind to encourage more reviews and referrals. 📲

Check out other episodes of Agent Hacks for more tips! Ready to grow your business? Schedule a call with us! 👏 https://calendly.com/tomtoole

The May jobs report is out with 272,000 jobs added and unemployment hitting 4%. What does this mean for real estate? 👀🏡

Here's a quick breakdown:

➡️ Jobs Added: 272,000, significantly above the 190,000 expected.

➡️ Unemployment Rate: Up to 4%, the highest since January 2022.

➡️ Wages: Increased by 0.4% from last month and 4.1% year-over-year.

Market Impact:

➡️ Federal Reserve: Likely to keep rates steady, with no cuts expected soon.

➡️ Mortgage Rates: Predicted to remain stable, with no significant drops in sight.

Advice for Buyers:

➡️ Expect steady mortgage rates.

➡️ Inventory is rising, which might offer more opportunities.

➡️ Focus on purchasing now rather than waiting for lower rates, which might not come soon.

Advice for Sellers:

➡️ Current market conditions may be optimal for selling.

➡️ Increased inventory might reduce your leverage over time.

For personalized advice, schedule a call with our team! ☎️ https://calendly.com/tomtoole

Exciting news from the VA about buyer agency compensation to ensure veterans aren't disadvantaged post-NAR settlement. 👀

The VA's current rule prevents veteran buyers from being charged a fee related to a buyer broker, putting them at a disadvantage if sellers don't offer compensation. At a recent Mortgage Bankers Association conference, the VA announced they’ll release a circular in June to address this issue. ✅

We anticipate other financing bodies, like FHA, may also adjust their rules to allow larger concessions, helping buyers finance these commissions. Notably, major MLS systems are now permitting fields for seller-offered concessions, enhancing transparency for buyers.

These changes are crucial for anyone buying or selling a home. 🏡 Make sure your agent is up-to-date and can navigate these new regulations, review closing costs with you, and maintain open, transparent communication. Stay tuned for more updates and ensure you're working with the right professional for your real estate needs. Schedule a call with our team! ➡️ https://calendly.com/tomtoole

🆕 Stay up to date on all the latest topics while Tom Toole and Sarah Tymon give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉This weeks topic recap:

🏡 • Inventory growth & rates

✅ • The DOJ

🤝 • Keith Lombardi

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Summer vacation is here, but many real estate agents don’t plan ahead, risking their business. ☀️ Here’s how to take time off without losing clients:

📆 Plan Your Calendar:

-Schedule your vacation when others are off, like around Memorial Day, to avoid missing out on business.

-Be clear about your working and non-working days to maintain balance.'

⭐️ Set Goals:

-Define your summer targets, like how many houses to sell.

-Reverse-engineer these goals: determine how many appointments and conversations you need daily.

✅ Create a Vacation Plan:

-Arrange coverage in advance with a colleague or team member.

-Ensure all communications and urgent matters are handled so you can truly relax.

📲 Stay Connected:

-Check your CRM and messages daily to ensure nothing falls through the cracks.

-Handle low-hanging fruit and urgent inquiries even while away.

Remember, planning ahead helps you enjoy your break while keeping your business running smoothly.🤝

Learn about joining our team ➡️ https://calendly.com/tomtoole

More videos like this ➡️ youtube.com/tomtoole3rd

Curious about market trends? I've got you covered! From sales stats to what it means for you, let's dive in.

🏡 Sales Data: Up in Chester & Delaware, flat in Montgomery, down slightly in Philly.

💰 Median Sale Prices: Surging in the suburbs, up 9-15.2%! Philly up 2.9%.

📈 New Listings: Growing in the suburbs, down slightly in Philly.

🤝 Pending Sales: Up in the suburbs, down slightly in Philly.

📉 Mortgage Rates: Settling around 6.75%.

What does it all mean? Here's the scoop:

🔍 Sellers: Rising inventory means planning is key. Philly's market varies by neighborhood!

🏠 Buyers: Act fast! Low mortgage rates and growing inventory mean competition is heating up.

💼 Get Expert Advice: With changing market dynamics, having a savvy agent on your side is crucial for success.

Ready to make a move? Let's chat! 📞 https://calendly.com/tomtoole

🆕Stay up to date on all the latest topics while Tom Toole and Sarah Tymon give our community a place to learn about the real estate market and industry trends on Toole Time Real Estate Radio... ⏰

👀 Tune in LIVE on WWDB-AM 860 and the Tom Toole Sales Group Facebook page EVERY TUESDAY @3:00PM! 🎙

👉 This weeks topic recap:

⬇️ • Rates are coming down…

🤔 • Its time to choose… are you with the agents of change?

🌴 • Vacation Weekends = Opportunities

Catch the full episode of #TooleTime here​ ➡️

http://bit.ly/TooleTime

Recently, Ashley had an "a-ha!" moment with a client inquiry. Instead of settling for the only time the client initially suggested, Ashley offered two alternative times. This approach led to securing a $700,000 buyer! 🏡💪

Key takeaway? Always offer options. 🕒✨

Ashley suggests offering two different times that work for you. Most likely, one will work for the buyer. Keep it short and simple. This way, clients can't push back as much.

Pro tip: Stick to the script – "Unfortunately, that time doesn't work. How about earlier at 9 AM or tomorrow at 12 PM?" 🎯

Remember, flexibility is key, and clients love options. 🗝️

Way to go, Ashley! 🙌

Inflation data came in favorably last week, causing the ten-year yield to drop and mortgage rates to fall into the mid to high 6% range. This is great news for homebuyers and sellers.👀

Inflation for April was 0.3% higher than March but below expectations at 3.4% year-over-year. The ten-year yield dropped to 4.3-4.4%, and mortgage rates dipped below 7% for the first time in weeks. This is positive for buyers and sellers. 📉

The Federal Reserve is expected to keep rates the same at their next meeting, with possible rate cuts later in the year. This is the lowest mortgage rate in six weeks, and affordability has improved as inventory grows. In Pennsylvania, inventory is up 6.7% year-over-year. 🏡

If you're considering selling, now is a good time due to growing inventory and lower rates. Don't wait for prices to rise further as inventory increases in states like Florida, Arizona, the Carolinas, and Texas. 🤝

If you're looking to buy, take advantage of the lower rates. Time on market has increased, giving buyers more opportunities to make offers. Schedule a call with our team to understand your local market conditions and make informed decisions. 📲 https://calendly.com/tomtoole