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Education vs Experience: How To Become A Home Builder | Vancouver Luxury Home Builders

[Gary] Yes, Bai.

[Bai] So just to expand on that answer, soif you are in a month like so you've got a one-year term and you take the box to actuallyin the term.

She go months and months, you can only gosee a 2.

9 as per the increase but if you said fix contract 1 year, you got to renegotiatethat point, then you can bump it up to it whatever.

[Audience member] it's just a very specificthing on the rental agreement.

It's not a residential tenancy agreement.

So it does not have it in and so you havea very good contract.

[Gary] You know I always say — I encouragemy clients to write addendums to their contract and then after writing that contract likesend a copy to residential tenancy branch and then get them to provide approval in writing,so that if ever arbitration comes like oh that's not legal, it's not allowed, will Igot the email from residential tenancy branch thing that's okay.

Right?.

Source: Youtube

A Day in the Life of A Luxury Home Builder | Vancouver Luxury Home Builders

[Gary] And then another question I've alwaysbeen curious about is, what's the day in the life of a builder like? [Sandro] What's the day in the life of a builderlike? [Gary] Yeah, what does a builder typicallydo on a regular basis? [Sandro] Get up and drink coffee.

[Gary] Yeah.

[Sandro] Well I mean typically, you know,is getting up and going out looking at, you know, looking at what's going on for the nextday, right? You know all typically have you know, be organizedas far as I'll have my day kind of planned out already that week planned out, and lookingat you know, what aspects of the build that we are on right now, and you know thinkingahead okay who do I need to know, what day do I need this next trades person in, whereare the materials coming from ordering materials, making sure that they are there for the peoplethat are working on the side, and it all just basically almost like a conduct or , orchestratingthat process is making, you know trying to make sure that everybody's kind of lined upproperly and on the job and that's going smoothly.

Making you know, obviously going to the site,and checking it out, and you know I don't mind picking up the hammer once in a whilemyself and doing some, you know some work if I need to do that.

Source: Youtube

Renting vs. Buying a home | Housing | Finance & Capital Markets | Khan Academy

Welcome back.

I'm now going to take a slighttangent and cover a topic that, I think, this is probablythe single most important video that reallyanyone can watch.

I go to all of these partieswhere I go see family.

And my wife and I right now,we live in Northern California.

And we're renting.

And I like to pointout, by choice.

And I have family members,why don't you buy? You're at that stage inlife, that's a major milestone, all of this.

There's a lot of pressureto buy.

And when I tell friends,I tell them I'm not going to buy.

Because I think I'm prettyconvinced, almost 100% convinced, that housing pricesare going to revert back.

And I'm going to do a bunchof presentations to justify why they will.

But then my friends, they'lljust throw out the statement that I hear from them, thatyou hear from real estate agents, because obviouslythey want you to buy.

Well, isn't buying alwaysbetter than renting? And I think that kind of commonwisdom comes out of the notion of, when you have amortgage or when you borrow money to live in a house, everymonth that money that you give to the bank is kindof going into savings.

That's the perception.

While when you rent,that money's just disappearing into a vacuum.

In this video I'm going to workthrough that assumption, and see if that actuallyis the case.

So let's say I have a choice.

Let's say there aretwo houses.

This is house number one.

And this is house number two.

And let's say that they'reidentical houses.

These are three bedroom, twobath, townhouses some place in Silicon Valley, whichis where I live.

And I want to live inone of these houses.

I'm indifferent as to whichhouse I live in, because they are identical.

So living in them is theidentical experience.

I can rent this housefor $3,000 a month.

Or I could buy this housefor $1 million.

And let's say that in my bankaccount right now, let's say I have $250,000 cash.

So let's see what happensin either scenario.

Let's see how much moneyis being burned.

So in this scenariowhat happens? I'm renting.

So in a given year, let's justsee how much money comes out of my pocket.

So in a given yearI pay $3,000.

$3,000 times 12 months,so I lose $36,000.

So I'll put a negativethere, because that's what I spend in rent.

$36,000 per year in rent.

And then of course Ihave that $250,000.

I'm going to put that into thebank, because I have nothing else to do with it.

I didn't buy a house with it.

And let's say that I can,in the bank, let's say I put it in a CD.

And I get 4% on that.

So let's see, 250, that'swhat? $10,000, I think.

That's 0.

04.

Right, I get $10,000 in interesta year on that.

So I get $10,000.

So plus $10,000 a yearin interest.

So out of my pocket, for theprivilege of living in this house, in Silicon Valley, withbeautiful weather, out of my pocket every yeargoes $26,000.

So that's scenario one.

So what happens if I give into the peer pressure of family, and realtors, and themortgage industry, and I buy this house for $1 million? Well I only have $250,000, whichis more, frankly, than most people who buy $1 millionhouses have.

But I have $250,000 cash.

So I need to borrow $750,000.

So I take out a mortgagefor $750,000.

And I'm going to do a slightsimplification.

And maybe in a futurepresentation, I'll do kind of a more complicated one.

In a lot of mortgages, when youpay your monthly payment, most of your monthly payment,at least initially, is the interest on the amount thatyou're borrowing.

And you pay a little bitextra on that, to bring this value down.

That's called payingoff the principal.

You can also take aninterest-only loan, but the component of the interestis the same.

Essentially, when you take atraditional mortgage, kind of a 30-year fixed, every monthyou're paying a little bit more than the interest, justto take down the balance.

But for the simplicity of thisargument, I'm just going to say that we're doing aninterest-only mortgage.

And then maybe with anyextra savings, I can pay down the principal.

And that's the same notion.

And right now, if I do 25%down, and I'm buying a $1 million house, I'll have totake a $750,000 mortgage.

I don't know what agood rate is, 6%? So let's say at 6% interest.

Soto live in this house, how much am I paying justin interest? Well I'm paying $750,000times 6% a year.

So $750,000 times 0.

06 is equalto $45,000 in interest.

That's coming outof my pocket.

And of course, on a monthlybasis, that means in interest per month, I'm paying,just to get an idea.

I'm paying about $3,700, $3,800in interest a month.

My mortgage actually might besomething like $4,000 a month.

So I pay the interest.

And thenI pay a little bit to chip away at the wholevalue of the loan.

It takes 30 years to chipaway at the whole thing.

And over time, the interestcomponent becomes less, and the principal becomes more.

But for simplicity, this is theinterest that I'm paying.

$45,000 a year.

And then of course at a party,when I start to explain this, it's like, ah-ha.

But interest on a mortgageis tax deductible.

And what tax deductible means,is that this amount of money that I spend on intereston my mortgage, I can deduct from my taxes.

I can tell the IRS thatI make $45,000 less than I actually did.

So if I'm getting taxed at,let's say 30%, what is the actual cash savings? Well I'll save 30% of this.

I'll have to pay $15,000less in taxes.

How does that work? Well, think about it.

Let's say I earned $100,000in a year.

And I normally haveto pay 30%.

So I normally pay $30,000in taxes.

Right? This is, if I didn'thave this great tax shelter with this house.

Now I have this interestdeduction.

So now I tell the IRSthat I'm actually making $55,000 a year.

And let's say my taxrate is still 30%.

it actually will probably godown since I'm — but let's, just for simplicity, assume mytax rate is still $30,000.

So now I'm going to pay $16,500in taxes to the IRS.

So how much did Isave in taxes? So I saved $13,500 from taxes,from being able to deduct this $45,000 from my income.

So let's say tax savings,plus $13,500.

Now what else goes intothis equation? Do I get any intereston my $250,000? Well, no.

I had to use that as part of thedown payment on my house.

So I'm not gettinginterest there.

But what I do have todo is, I have to pay taxes on my property.

In California, out here we haveto pay 1.

25% in taxes, of the value of the house.

So what's 1.

25%? So, taxes, this isproperty tax.

And that's actually taxdeductible too, so it actually becomes more like 0.

75% or 1%.

So let's just say 1% justfor simplicity.

Property taxes.

So 1% times $1 million.

That equals what? 1% of $1 million isanother $10,000 a year in property taxes.

And notice, I'm not talkingabout what percent of my mortgage goes topay principal.

I'm just talking about moneythat's being burned by owning this house.

So what is the net effect? I have a $13,500 tax savings.

I have to pay $10,000 –actually I have to pay a little bit more than that, butwe're getting a little bit of income tax savings onthe deduction on the property taxes.

And then I actually have to paythe $45,000 of interest that just goes out the door.

So I'm paying $41,500.

Notice, none of this $41,500is building equity.

None of it is getting saved.

This is money that isjust being burned.

So this is a completelycomparable value to this $26,000.

So in this example — thisexample is not that far off from real values.

Out here in the Bay area, I canrent a $1 million house for about $3,000.

But in this situation I amburning, every year $41,500, where I could just rent the samehouse for $26,000 out of my pocket, when I adjustfor everything.

And then people a couple ofyears ago said, oh, but houses appreciate.

And that's what wouldmake it up.

But now you know, very recently– we know that that's not the case.

And in the next video, I'lldelve into this, and a little bit more.

I'll see you soon.

Source: Youtube

Top Secret Sales Tip #14 – How to Sell Better – Better Customer Service | Sales Training Expert

Welcome to CBT News Saturday Morning SalesMeeting, brought to you by EasyCare.

And here, now, Dan Jourdan.

Hey Guys, it's Dan Jourdan,the sales energizer with another CBT Saturday Morning Meeting, baby! Let's go get 'em! It'sa big day today.

Not cause you're gonna go out there and crush people like that.

You'regonna go out and serve more people today.

You know, the people that earn the most moneyin the world always, are the people that serve the most amount of people.

Today, on thisSaturday, baby that's you! Let's go get 'em! I gotta tell you this story.

I learned thisfrom my son.

You've gotta figure out what they're buying and sell what they're buying!Don't sell what they're not buying.

And most of the things you learn in life, you learnfrom watching them.

In my case, I watch my kids.

I gotta a good boy.

He's a good boy!He's sixteen years old now but he's got deep, like dyslexic issues.

But we love it! It hasturned him into the person that he is.

When he was 11 years old, we kinda figured outthings are going on like this.

But it was great! He has such interest in other things.

We hadthis big storm around my neighborhood.

Trees are down.

Cars are all mangled.

Carpets arein the streets.

So, we're walking around the neighborhood because it was fun.

And Matthewlooks at the carpet on the ground and he looks at me, and says "Daddy, I bet you they'd payus 100 bucks to take that to the dump.

" He's thinking about business.

The next thing Iknow, he's knocking on the door.

I've got a load of carpet in the back of my truck andwe're off to the dump! And he made a 100 dollars! I go, "this is crazy!" He started a littlebusiness.

And his first day out, he was putting out flyers.

He was knocking on doors.

Andpeople were giving him, like old couches and chairs and lawn mowers.

And the lawn mowerswere made out of metal.

What do you think you do with that? He'd take them to the recyclingand get paid again! His first day out, he made two hundred and fifty dollars! He's eleven!I said, Matthew this is crazy! How do you do this? And he looked at me as only an 11-yearold can and said, "Daddy, you don't understand.

" And I'm looking at you, the car sales persontoday and saying, "you don't understand.

" He says, "you think they're giving me theseold couches and lawn mowers cause they want to get rid of these couches and lawn mowers.

Daddy, they're getting rid of this stuff and they're giving it to me because it makes themfeel good to do business with an eleven-year old.

Doesn't it?" You see, he knows his value!Do you know yours? Cause, I promise you, it's not the paint.

It's not the cup holders.

Ormaybe it's the cup holders.

But it's not all those things that you're thinking about.

You're selling an experience! They're gonna go home and talk to each other and they'regonna sit around at the kitchen table and say, "you know what? That was great! I feelreally good about that experience.

I love this car and I love the sales person evenmore.

I know they're gonna be there in the future.

" You're selling something more valuablethan the car.

You're selling peace of mind.

And it's cause that's what they're buying.

And Matthew knows it.

He said to me, after getting this done with Daddy, I felt liketwo years in the future and it's over.

Well, you've got a whole life.

You've got a wholelife to dominate.

Today! Take these ideas.

Take your energy! And just KILL IT with service!CBT News Saturday Morning Saturday Morning Sales Meeting, brought to you by Zurich.

Source: Youtube

HOW DO I SELL MY HOUSE | #ClosingTalk Ep. 18

Hey everybody thank you for tuning into the18th episode of #ClosingTalk.

We are coming from the Delaware waterfront talking aboutif I were you, how would I sell my house? See a lot of you guys are perfectly capableand knowledgeable enough, and have the intuitive nature to be able to sell your own house,but there are little things you do not know.

Hopefully we will try to dis-spell them.

Sorryfor any of the wind.

There is certainly enough out there.

Nothing I can do about it besidesfight it.

The #1 thing you need to know when selling your own house is listen, I don'tcare what anybody says; 90% of any sale, whether you are selling it yourself or whether itis an agent, is all price.

So if you have the property priced wrong, you are not doingyourself any justice.

See if I was you, what I would do is I would hire an appraiser.

Iwould spend the $450.

I am sorry to break it to you.

If you are trying to sell yourown house, it is going to cost money.

What you are trying to fight with is just how muchmoney is it going to cost.

Beings that price is 90% of the concern here, you need to doyour due diligence.

I am not talking about an appraiser that is going to be an end allbe all, because your buyer is going to have their own appraiser.

At the end of the day,what the appraiser is going to do for you is let you know where to price the property.

See if you price it wrong, the property is going to sit.

If you price it right, I don'tcare what type of distribution you have or what those photos look like, your propertyis going to sell.

It just depends how many offers is it going to get.

See if you knowthe price of the property, you can hone in and know for yourself that you are gettinga fair deal.

See a lot of people think their property is worth a lot more than it actuallyis and they are trying to squeeze every dollar out of it.

That is why they are not gettingtheir property sold.

By having that appraisal done yourself to know a little bit more aboutthe market and give yourself an upper hand to know when you have a fair deal.

In today'smarkets, that is what sells, a fair deal.

No one is trying to take the shirt off ofyour back, but everyone wants to be treated fairly.

The reason why your house is not sellingis because you are not treating the buyer fairly and you need to do that.

How wouldyou like to be treated if you were on the other end of the stick.

Buyers have so muchaccess to information today that you need to price properly.

Anyone can see throughyour little cloud of smoke.

There is just too much access to information that you needto price the property right.

Now, how can you distribute it? You can spend a nominalamount and go to a variety of people who will place your property on the MLS, which is thesame service that us realtor's use.

You can enter it on Zillow.

Com and Trulia.

Com becausethey are all the same site.

You will not be able to enter it on Realtor.

Com because thatis only for REALTOR's, but that is a nominal price for the price overall that you are goingto be saving in commission.

Now lets talk about commission.

Just because you are sellingyour own house does not mean you are going to get lucky and end up not paying a buyerside commission.

You should go into this thinking you are going to be paying 3%.

Listen, ifyou get away with paying less, good for you.

At the end of the day, even paying a buyer'sagent 3% who is capable, willing, and able, is going to save you a lot of time effortand energy.

See, I do not care if your family member is in real estate or you have previousknowledge, at the end of the day, you do not know.

So, there is going to be things youneed help with in the transaction, whether you are represented or not with paperworkand whatnot.

So at least by paying one side of the transaction properly to the right personwho deserves it, will probably get you a little bit farther than just trying to be cheap,and that is what for the most part a For Sale By Owner is.

It is being cheap.

So if youcan master pricing your property and if you can master marketing your property, whichthe marketing is relatively nominal, to fill in the gaps, if you are in an urban area youcan do open houses, otherwise if I was you I would and trying to market your property,I would call the different brokers in the area.

They are going to be a wealth of informationto where as long as you are offering a buyer side commission, who knows, they might haveclients for you and being proactive is always better than being reactive.

So let me knowwhat you think! Have you recently tried selling your own house? Is it going well.

Let me knowbelow.

At the end of the day, I am here for you regardless of what you decide to do.

Whatevercity you are in.

If you are in Philly, New York, or out in California, I don't care,I am here for you.

I am the guy who can help you connect the dots between what you thinkyou know and really need to know in order to be successful in today's marketplace.

Atthe end of the day, this is all about you and your success.

Source: Youtube

Five Common Mistakes When Selling Your Home – How to Sell Your House | Jobe Real Estate Group

Selling a home isn't exactly an easy process,but if you avoid these five mistakes, it’ll be a whole lot easier for you.

First, homeowners, they fail to do a greatjob cleaning the house.

If you were to sell your car, you’d takeit in, get it cleaned, vacuum it out.

Now let’s do that to your home.

Number two, let’s make sure you have yourheating and air conditioning serviced by a professional.

Also, let’s have them look at the hot watertank.

Or, if it’s a tankless system, let’s havethem look at that tankless system as well.

The third mistake is a repeat of number one.

You failed to clean the house the first time.

I mean, really get in there and clean it.

Vacuum the garage.

Clean everything.

Get in there.

Scrub it.

Scrub it.

Clean it.

The fourth mistake, you fail to price yourhome correctly.

That means you could be pricing it over themarket, or under the market.

If you price it under the market, you’releaving money on the table.

If you price it too high, the reality is you’llend up selling it for less than market, because no one’s looking at your home when it’soverpriced.

And the fifth mistake, is they don’t makethe home available for perspective buyers.

So really, be flexible.

Understand they might not schedule an appointment,they might just show up.

Let them in.

So if you don’t fall in to these five commonmistakes, you’re going to have a much better selling experience, and at the end of theday, you’re going to get the most amount of money for your home.

And that’s what you want, isn’t it? The most amount of money with the least amountof headache? So when you’re ready to sell your home andwant professional help, give us a call, or go to our website.

Source: Youtube