How 3D Tours Help Homes Sell Faster

It has long been known that photographs help sell a property; it is often the first glimpse of a space that people who are beginning the search for a home or commercial property will have. However, there is a new technology that is taking real estate listings to another level: Matterport. A Matterport Space, or a 3D Space, is a complete three-dimensional model of a space. You can now “walk” through a building – a house, condo, office complex – and experience it as if you were there in VR.


The statistics vary, but the general consensus amongst industry experts is that these days the majority of home searches begin online. Buyers browse through listings, scroll through photos, and then contact a real estate agent to arrange a tour of the properties that they would like to see more of. Matterport takes this a step further. You are virtually placed inside the space with the freedom to look around yourself. This technology is shaking up the West Michigan real estate market, with companies such as NextHome Champions investing in the Matterport camera and embedding the tours on our websites.


Here’s how it works.

Give your potential buyers a better view of their next home for FREE when you list your home with Tom in March. ($1000 value) Click Here


A game changer.

While impressive, the most exciting thing about Matterport isn’t the technology behind it. It’s that prospective buyers can now tour a property on their own terms from anywhere in the world, even if they can’t actually be there. While videos and slideshows guide you through a property following a set path, Matterport tours let you walk through the space as though you are in the room – Look up, look down, go forward or backward, through doors, and up stairs without ever leaving your seat. For overseas buyers moving to West Michigan, this is a game changer because they won’t need to go look at the property in person in order to get a true sense of the space. They can now do a virtual walkthrough and get an idea of the home that is dimensionally accurate to 99%.

Give your potential buyers a better view of their next home for FREE when you list your home with Tom in March. Click HERE

We believe that giving clients the ability to tour a property in 3D is the future of real estate and many of the most popular online property search websites agree.



Why Is There SO MUCH Paperwork to Get a Mortgage?


 Why Is There So Much Paperwork Required to Get a Mortgage?

Why is there so much paperwork mandated by the lenders for a mortgage loan application when buying a home today? It seems that they need to know everything about you and requires three separate sources to validate each and every entry on the application form.

Many buyers are being told by friends and family that the process was a hundred times easier when they bought their home ten to twenty years ago.

There are two very good reasons that the loan process is much more onerous on today’s buyer than perhaps any time in history.

1. The government has set new guidelines that now demand that the bank proves beyond any doubt that you are indeed capable of paying the mortgage.

During the run-up to the housing crisis, many people ‘qualified’ for mortgages that they could never pay back. This led to millions of families losing their home. The government wants to make sure this can’t happen again.

2. The banks don’t want to be in the real estate business.

Over the last seven years, banks were forced to take on the responsibility of liquidating millions of foreclosures and also negotiating another million plus short sales. Just like the government, they don’t want more foreclosures. For that reason, they need to double (maybe even triple) check everything on the application.

However, there is some good news in the situation.

The housing crash that mandated that banks be extremely strict on paperwork requirements also allowed you to get a mortgage interest rate around 4%.

The friends and family who bought homes ten or twenty years ago experienced a simpler mortgage application process, but also paid a higher interest rate (the average 30-year fixed rate mortgage was 8.12% in the 1990s and 6.29% in the 2000s).

If you went to the bank and offered to pay 7% instead of around 4%, they would probably bend over backward to make the process much easier.

Bottom Line

Instead of concentrating on the additional paperwork required, let’s be thankful that we are able to buy a home at historically low rates.

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Our friend, Tim Kleyla, over at The Mortgage House is a CHAMPION, through and one of the smartest in the industry! Whether you are a first time home buyer, moving up and a second time home buyer, refinancing, investment buyers, or seniors seeking a reverse mortgage, Tim & his team will work for you!




6 Reasons To Be Pre Approved

6 Reasons To Get Pre-Approved


Ever had an agent deny to show you a home because you weren’t pre-approved for a mortgage? It’s not because they’re mean, or they don’t value your business… it’s actually because they’re looking out for your best interests.

Let’s face it, shopping for a home before getting pre-approved for a mortgage is like walking into a grocery store without a wallet. You may have the desire to buy, but you lack the ability. Let’s cover some basics…

What is a mortgage pre-approval?

In a nutshell, a mortgage pre-approval is written assurance from a lender or broker that you’re able to borrow money to purchase a home up to a certain amount. It’s based on the income, employment and asset documentation you supply at the time of application, in conjunction with your credit history.

6 reasons to get pre-approved

1. It carries more weight than a “pre-qualification”.

pre-approval differs from a pre-qualification. With the former, the lender has actually checked your credit and verified your documentation to approve a specific loan amount (usually for a particular time period such as 30, 60 or 90 days). A pre-qualification can be useful as an estimate of how much you can afford to spend on your home, but it’s a less accurate indicator of your ability to purchase. A pre-approval always carries more weight.

2. You’ll know how much house you can afford.

Getting pre-approved before you begin house hunting allows you to know how much house you can realistically afford. Knowing this narrows down the options and makes the selection process more efficient. Not to mention, it protects you from the unpleasant surprise of realizing the home you fell in love with doesn’t fit your budget.

3. It adds clout to your offer.

In many markets, homes attract more than one offer. If the sellers are weighing one offer against another, they may lean towards the one accompanied by a pre-approval letter. That’s because pre-approvals instill confidence that the buyer is financially capable of purchasing their home.

4. It could increase your negotiating power.

In addition to strengthening your offer when compared to buyers who haven’t taken this step, getting pre-approved may give you the upper-hand when negotiating the price. If the homeowner is eager to sell, they may be more willing to accept a lower offer from someone they’ve been assured is financially capable of purchasing their home.

5. It saves time.

Obtaining a mortgage is a lengthy process. Getting pre-approved ahead of time shortens the time between contract to close — this way you’re ready to proceed with finalizing the mortgage once you’ve found the home you want to purchase.

6. Without it, most agents won’t work with you.

Makes sense, too. Right? Think about it: when you hire an agent, he/she will invest countless hours showing you homes over the course of your house hunt. If you were in their shoes, wouldn’t you want assurance that your hard work would lead to a favorable outcome for both you and your client?

TODAY is a PERFECT day to contact Tom: (c) 616-886-6766 or (e)