10
Sep
By First Rate Financial Group
Real Estate

Using Smart Home Technology To Help Sell It

Using Smart Home Technology To Help Sell ItSmart home technology is useful for many reasons. It improves security, helps improve energy-efficiency, and makes it more convenient for the home’s occupants. There is also a new trend in the use of smart home technology as a sales tool to help sell a home or a condominium.

A real-estate agency in Atlanta, Georgia is using Alexa® devices, along with nicely-framed display cards, to help prospective buyers learn more about a condominium that is for sale in the Districts Lofts building.

There are now more than 53 million personal assistant devices, such as the Alexa® device from Amazon and the Google Assistant®, which are in use. Many people are very comfortable using them to ask questions and get the answers spoken back to them in a calm, soothing voice.

Alexa® Tell Me More

The innovative trend in home sales is to place an Alexa® device in each room, preprogrammed with the answers to frequently asked questions. Display cards that sit on the counter next to the Alexa® device encourage the potential buyer to says things like “Alexa, tell me about the kitchen.” or “Alexa, what are the amenities in the neighborhood?”

These systems work with chatbot technology that uses artificial-intelligence, voice-recognition programming to understand the questions and provide the answers from a stored database of information. Also, if the chatbot cannot answer the question, the Alexa® device can connect the potential buyer to a live human operator to answer the question.

Friendly, Effective, And Cost-Efficient

Using the Alexa® device and similar devices can be less intimidating for many people than having to speak with a human salesperson. These devices can deliver the answers in a professional and consistent way.

Not needing to have a human being waiting around for a potential customer saves an enormous amount of labor expense and time. Moreover, the Alexa® device can be always available for extended hours to show a model unit when it is convenient for potential customers.

Conclusion

Using Alexa® devices to better inform potential buyers is interesting. The devices can be preprogrammed with all the information needed and can also collect customer information, which the customers voluntarily give, for follow-up purposes.

After Alexa® answers all a potential buyer’s questions, it can then ask them if they would like a brochure emailed to their email address to build up a mailing list for the real estate agency. This kind of personalized customer service, using advanced technology, is the wave of the future for real estate sales.

Of course, technology can only go so far. Your professional real estate agent and mortgage lender are the best resource for making a decision on which home is the right one for you and helping you negotiate your best deal. 

09
Sep
By First Rate Financial Group
Financial Reports

What’s Ahead For Mortgage Rates This Week – September 9th, 2019

What’s Ahead For Mortgage Rates This Week – September 9th, 2019Last week’s economic reports included readings on construction spending, public and private-sector jobs and the national unemployment rate. Weekly reports on mortgage rates and first-time jobless claims were also released.

Construction Spending Rises in August

Construction spending rose 0.10 percent higher than in July according to the Commerce Department. Analysts expected construction spending to increase by 0.60 percent based on June’s reading of -0.70 percent. Construction spending was -2.70 percent lower year-over-year based on revisions to data going back to 2008.

Construction spending was impacted by multiple factors including costs of labor and building materials and inclement weather in some areas of the United States. As peak home buying season winds down to fall and winter, builders are expected to reduce spending. Builder concerns over the impact of tariffs on imported building materials continued to affect builders’ budgets.

Mortgage Rates Fall, Weekly Jobless Claims Rise

Freddie Mac reported lower mortgage rates last week; the average rate for 30-year fixed rate mortgages was nine basis points lower at 3.49 percent. Rates for 15-year mortgages were six basis points lower and averaged  3.00 percent.

Rates for 5/1 adjustable rate mortgages averaged 3.30 percent and were one basis point lower. Discount points averaged 0.50 percent for 30-year fixed rate mortgages, 0.60 percent for 15-year fixed rate mortgages and 0.40 percent for 5/1 adjustable rate mortgages.

First-time jobless claims rose by 1000 claims to 217,000 new claims filed. Analysts expected 214,000 initial jobless claims based on the prior week’s reading of 216,000 first-time claims filed. No signs of layoffs were indicated in relation to the higher reading for new jobless claims.

The monthly reading for new jobless claims showed 216,250 new claims filed and was higher by 1500 new claims filed. The monthly reading is considered more stable than week-to-week readings for initial jobless claims.

Public and Private-Sector Jobs Reports Mixed, Unemployment Rate Holds Steady

ADP reported 195,000 private-sector jobs added in August. The Commerce Department reported 130,000 public and private sector jobs added; analysts expected 170,000 jobs added in August. The national unemployment rate was unchanged at 3.70 percent.

What’s Ahead

This week’s scheduled economic news includes readings on inflation, retail sales and consumer sentiment. Weekly readings on mortgage rates and initial jobless claims will also be released.

06
Sep
By First Rate Financial Group
Real Estate

6 Smart Ways Hardware Can Upgrade Your New Home

6 Smart Ways Hardware Can Upgrade Your New HomeDecorating and putting the finishing touches on your new home is definitely one of the most fun parts of moving. It’s satisfying to fill your new home with furnishings and décor choices that reflect your personality and lifestyle.

One of the most overlooked aspects of decorating is the hardware. However, hardware changes can dramatically transform your home in unexpected ways. Here are some ideas to use.

Install A New Door Knocker

If your new home has a door knocker, replace it with a new one. If it doesn’t already have one, it’s easy to install a door knocker using a simple household tool box. 

Install A Peephole

Your front door will be more secure with a peephole installed. Modern peepholes give a broad range of vision that will allow you to see to the far right and left of the front door. Be sure to install it low enough that older kids can look out of it easily, too.

Replace Doorknobs

If your new home is actually just new to you, it may have old and worn doorknobs. New doorknobs will make the actual door look brand new, too. Consider decorative doorknobs, which are a step above the standard brass doorknobs we’re all familiar with. If you aren’t comfortable replacing doorknobs, consider hiring a handyman or locksmith to do it for you.

Upgrade Wall Outlet Covers

Wall outlets are in every room, yet few homeowners think to upgrade them. You can find decorative wall outlet covers in various patterns, colors and images in hardware stores and online. If the idea of switching out all your wall outlet covers is overwhelming, consider just a few in special places, like your child’s bedroom or in the kitchen.

Upgrade Lighting Pull Cords

Those ceiling light pull cords leave a lot to be desired. Most of them are utilitarian but definitely not decorative. Consider adding an attractive fob to the end of each lighting fixture pull. Your local hardware lighting section will have many to choose from, and they’re very easy to install with not tools at all.

Replace Kitchen Cabinet Handles

Your new kitchen cabinets will get a facelift when you replace the old handles with new ones. Be sure to also get matching drawer pulls for the best overall effect.

Now you can see that changing out or adding new hardware can make such a big difference in the way your new home looks and feels. Just one afternoon of doing this easy project will make your new home look amazing for years to come.

If you are in the market for a new home or interested in listing your current property, be sure to contact your trusted real estate agent.