In other words...
News, Thoughts, and Insights.
BRIAN PATE – REALTOR®, Real Estate Instructor
Brian@PateRealty.com
919-669-4575
Brian Pate has been a well-respected real estate professional for 30 years. During his time in the business, he has served as an agent, manager, instructor, coach and trainer for over 20,000 real estate students. In addition, the teams he has managed and coached have produced over $2 billion in real estate sales under his leadership.
Lead Platforms – Everything Old Is New Again
I have read that four major firms are in the process of creating “lead platforms” where the company generates leads and gives them to the agents.
Appraisal Addendum in North Carolina
I am hearing stories again of listing agents in North Carolina requiring Buyers to provide an “Appraisal Addendum” with offers from buyers.
February 20, 2023 Triangle Real Estate Statistics
The indications are that buyers are starting to appear again with a dip in interest rates in the first half of February. The inventory of homes available has dropped approximately 10% since the start of the year. This is not unusual as it is a seasonal effect.
Renting vs Buying a Home
In 2019, the SCF showed that homeowners had a typical net worth of $255,000 versus $6,300 for renters.
Historic Home Spotlight: 605 North Main Street, Wake Forest, NC
The Patterson-Eppes Home: Historic Home in Wake Forest, North Carolina 605 North Main Street Wake Forest, NC, Wake County Imagine yourself as a child in the 1930s. These were the years of the “Great Depression” following the collapse of the stock market due to...
January 2023 Market Update
Let’s start with the most important stat: For the first time since December 2, 2022, there are over 5,000 pending listings.
Brian’s Crystal Ball For 2023
Welcome to January 2023. It is time for everyone to do their forecasts for the coming year when “experts” try to predict the future. Do they really know what to expect?
Fall Real Estate Data from Triangle MLS
Five years from now, we will not even consider the statistical data from 2021 as it was a once in a lifetime event. Prices rose by over 20% and home buyers had to come to the table with ridiculous amounts of cash, waive inspections and take more risk than ever before.
North Carolina Assumed Business Name Certificate
Certificates filed before 2017 had received a five-year transitional period which is ending December 1, 2022. If your business filed its Assumed Name Certificate before 2017, or if changes have been made to an address, or name of the business, then it needs to be updated.
Listing inventory in the Triangle Multiple Listing Service has increased almost 500% in the last six months
The listing inventory in the Triangle Multiple Listing Service (TMLS) has increased almost 500% in the last six months.
Incognito Mode On Your Browser
Have you ever used “incognito mode” on your browser to go to places on the internet thinking you wouldn’t be tracked? Maybe you have been shopping for the surprise vacation for your significant other or shopping for a birthday gift and you didn’t want the person to know about it. Maybe you are using it for more “nefarious” reasons to visit the depths of the internet… you know what I mean!
Realtors Should Advertise Closing Costs Not A Buydown
With the real estate market changing, Realtors are trying our of the box techniques for advertising and marketing. Some are successful and others could put the agent into legal troubles.
How does the Federal Reserve Rate Hike Affect Wake County?
The Federal Reserve continues to raise interest rates to fight the ongoing inflation. The federal funds rate was raised by 75 basis points again at its September meeting.
Triangle MLS Pending Homes Sales Down
This morning, Triangle MLS pending homes sales dropped to the lowest number we have seen in years. Only 6,.993 homes are under contract in the 16 county base area covered by the multiple listing service.
Home Prices Drop Most Since 2011
Home prices dipped from June to July by .77% according to CNBC. Although home prices are only down slightly, it is the largest single month decline since January 2011.
Brian Pate Seminars Launches Coaching Program
Brian Pate Seminars has launched a coaching program for real estate agents that provides online training for agents. The coaching sessions will begin on Monday September 18th and the initial enrollment is limited to the first 20 people to register. The cost of the...
YEARS IN REAL ESTATE
NUMBER OF AGENTS IN NC BRIAN TEACHES PER YEAR
In Real Estate sales through teams Brian has managed
Featured Courses
General Update
4 hours of Update CE Credit for the 2022-2023 license year. Topics include: WWREA Disclosure, Racial Equity, Broker Fiduciary Duties, Laws and Rules updates and Licensing and Education Updates.
Broker-In-Charge Update
4 hours of Update CE Credit for the 2022-2023 license year. Topics include: WWREA Disclosure, Racial Equity, Broker Fiduciary Duties, BIC Best Practices Guide, Laws and Rules updates and Licensing and Education Updates.
Ethics Course
This course qualifies for 4 hours of continuing education credit from the North Carolina Real Estate Commission and qualifies for the 2.5 hours of Ethics training required by the National Association of Realtors.
Business Planning Clinic
Take your business to the next level in 2022. We'll study will study the difference between marketing, advertising and promotion. We will discuss financials, pros and cons of different business entities, and more.
Register Today. Who knows, you may even enjoy the class.
We laugh. Some cry. We learn.
