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Bascomb Real Estate Group is Hiring!

 

Do you love the exciting and fast-

paced atmosphere of real estate? Bascomb Real Estate Group is hiring a Real Estate Broker to join our team and add value to our and your business. You will be tasked with educating our clients on the homebuying process; growing our customer base by generating leads; counseling clients on market conditions; home buying strategies; and contributing to the continued growth of the firm. You will also be in charge of creating lists of real estate properties and presenting purchase offers to sellers. This is a great opportunity for someone looking to grow their career in real estate with a brokerage that is focused on the value and commitment we offer our clients.

 

Real Estate Broker Responsibilities:

  • Provide guidance and assist sellers and buyers in marketing and purchasing property for the right price under the best terms.
  • Generate client leads to buy and sell property.
  • Determine clients’ needs and financial abilities to propose solutions that suit them.
  • Intermediate negotiation processes, consult clients on market conditions, prices, mortgages, legal requirements and related matters, ensuring a fair and honest dealing between buyers and sellers.
  • Perform comparative market analysis to estimate properties’ value for sellers.
  • Serve as a buyer’s agent providing the required support needed to ensure the client finds the home they seek.
  • Prepare necessary paperwork (contracts, leases, deeds, closing statements etc.….) as needed.
  • Create lists for real estate sales, with information location, features, square footage, etc.…..
  • Cooperate with appraisers, escrow companies, lenders and home inspectors.
  • Develop networks and build a list of resources to include: attorneys, mortgage lenders, contractors, inspectors and partner brokers.
  • Promote sales through advertisements, marketing, open houses and listing services.
  • Remain knowledgeable about real estate markets and best practices.
  • Ensure continuing education is always current including state and local licensing if applicable.

Real Estate Broker Requirements

  • Must be a licensed real estate broker.
  • Strong customer service skills.
  • Must be in good standing with the local Realtor board, or an inactive broker who can immediately move his/her license.
  • Experience with sales.
  • Strong interpersonal skills.
  • Good knowledge of the local markets and properties.
  • Possess a valid driver license.
  • Must be willing to work with first time homebuyers and low to moderate income communities in addition to ‘traditional’ homebuyers.
  • Must adhere to the mission and values of the brokerage.
  • Must have possessed your broker license for at least one year.
  • Able to work independently and in a professional manner.

Real Estate Broker Desired Skills and Qualifications:

  • Prospecting Skills
  • Problem Solving
  • Territory Management
  • Legal Compliance
  • Negotiation skills
  • Lending background a plus
  • Spanish speaking a plus

Bascomb Real Estate Group is a certified black/woman owned business committed to our communities and the positive growth of its citizens.  Our brokerage is dedicated to providing a positive and productive place to work and grow for our brokers and staff, while serving out the mission of the company.  As a growing firm, we are looking for dynamic brokers wanting to be a part of an amazing team making lasting impacts in the community.

This position offers a very competitive commission split; access to an expanding network; flexibility around scheduling including working part-time; work virtually with no desk fees; continuing education opportunities; and the opportunity to join a dynamic, growing brokerage.

Posted in: Uncategorized

Progress Continues with the 2Mn5 Black Homeowners Campaign!

 

The National Association of Real Estate Brokers 2 million black homeowners in 5 years (2Mn5) continues to be high on my agenda. Through 3rd quarter 2018, we helped 8 new black homeowners in King & Pierce Counties! With 5 additional families upgrading and/or downgrading their homes with new purchases!

We are committed to fair housing for all and have helped to increase overall homeownership in the region with families of many other ethnicities!  Homeownership is the number one vehicle for stability and wealth building in this country, with a family’s primary home being their number one and most valuable asset.

With fall upon us and a stable real estate market, now is the time to continue the trend of increasing homeownership in the region, particularly among black families. We are committed to our community.

So, contact Bascomb Real Estate Group to count yourself a new homeowner in 2018-2019 and one of the 2Mn5!

Posted in: Black Homeowners Campaign

Buyers Now is the Time!

Fall is upon us, which signifies a slowing in the heated seller’s market of the past several months. With that comes the most opportune time for buyers to get in the market, the month of October! Listings are staying on the market longer AND pricing is slowing and leveling off, which gives buyers more options in the marketplace. In addition, this is also the best time to take advantage of Down Payment Assistance (DPA) programs available to not just first-time buyers, but anyone looking to purchase a new primary residence.
 
There are so many misconceptions around buying; you must save 10%-20% to even think about buying. NOT TRUE!!! There are multiple programs that require as little as 3.5% down and DPA programs can cover it! As a buyer, you do need to have the cash for an earnest money deposit and an inspection, which I highly recommend. Outside of that, the money is out there for you to buy today! Just go to our website www.bascombrealestate.com/buy/ and click on the link ‘Down Payment Help’ to see which programs you qualify for, then give us a call!

Posted in: Home Buying and Selling

2018 Rising Star Real Estate Professional Award

Nicole Bascomb and Bascomb Real Estate Group have recently been awarded the 2018 Rising Star Real Estate Professional Award! This distinguished nomination and subsequent award is only given to a select number of real estate professionals in the Pacific Northwest.
Brokers and brokerages are nominated by their clients, peers and business partners as an outstanding professional in their field providing exceptional client satisfaction and service. In addition, Nicole will be featured in Seattle Magazines Best of 2018 edition distributed in December!

We are honored to have been nominated and won this distinction, it is always our goal to meet and exceed our clients and business partners expectations. Stay tuned for additional information regarding this momentous win and a heartfelt thank you to our clients who made this possible!

And don’t forget to visit our Facebook Page for more updates.

Posted in: Awards and Achievements

Goodbye Sun, You’ll Be Missed

We have seemingly reached the end of our summer, which we don’t need a date on the calendar to let us know here in the Pacific Northwest. Our constant companion the rain has returned to the region to welcome us into fall.

I don’t dread the rain and cold, I am a sweater, coat and boots kind of woman; but I must admit, I do like seeing the sun a time or two during the fall and winter.  But, don’t let the disappearance of the sun stop your spirit of motivation!  The coming of fall tends to start the hibernation process for folks, particularly in this region.

Don’t let the weather derail the great plans you put in place during the spring and summer. Continue to work on the to-do lists you have created and long and short term goals you put in place, including buying a home!  The fall/winter brings a slowing in the market a people don’t like to buy homes in the rain and shorter days, but this is the perfect opportunity for buye s as there is less competition in the marketplace.  Sellers, you too have an opportunity during this time to sell your property without the worry of inflated offers a lender may have a problem with or aggressive buyers and agents.  This is the time where the savvy buyer and seller thrive, so give us a call and make the fall/winter your time to act!

Posted in: Uncategorized

State of Housing in Black America

The National Association of Real Estate Brokers celebrated 71 years of amazing housing advocacy work and commemorated 50 years of the Fair Housing Act this past weekend in Atlanta, GA. The energy was palpable as we discussed the work that still needs to be done to ensure Democracy in Housing for all!

With civil rights icons Xernona Clayton and C.T. Vivian; and fair housing stalwarts Henry McKinley ‘Mickey’ Michaux and William T. Robie, the conference was 3 days of energized conversation and practical next steps to ensure we are not having the same conversation in 50 more years. Because, make no mistake, we are actually worse off than before. Prior to the passing of the FHA, black homeownership was at a low of 42%. As of the first two quarters of 2017 the rate was slightly over 42%*; the questioned was asked, was it really legislation that needed to be changed? Or the mindset of our society and the persistent engrained racism that perpetuates itself in the disenfranchisement of an entire race of people? That was a question that I had never pondered; yes, we need laws in place to ensure racism is dealt with on a federal and local level. But the changes really need to happen in the hearts of people. These numbers clearly reflect, that even with laws in place, the numbers haven’t changed and with laws in place, for 50 years, we have seen no significant change. 


Read the State of Housing in Black America (http://www.nareb.com/shiba-report/), this report gives a clear picture of the history of the state of black housing since the passing of the FHA and the many economic shifts that have affected black wealth and in turn, black homeownerhsip. Contact Bascomb Real Estate Group for all your real estate needs, we are here for you! #2Mn5, #democracyinhousing, #bascombrealestate

Posted in: Black Homeowners Campaign

LifeGoals Part 1: #Accountability

In my first post about #LIfeGoals, I discussed things that I needed to do but just hadn’t, because…. well….procrastination, I have to keep it real!  But, I am most certainly in the holding myself accountable phase and wanted to report I have installed my chandeliers!! Up next, bathrooms and kitchen!

 

 

Posted in: Uncategorized

How to Prepare for a Mortgage Loan?

Unless you are independently wealthy, using the financing to buy a home is the option for most consumers.  Mortgage lending has changed drastically due to the housing crash in 2007. The market did not immediately recover which resulted in stricter lending standards.  But, don’t let this preclude you from buying a home. There are many programs available for everyone, and there are many factors you must consider if you are interested in a mortgage loan. Here are the top 4 things you should consider when shopping for a mortgage.

 

Select a Mortgage Suitable for your Financial Situation

One of the major benefits of buying a home is the tax deductions that you can realize once you are a homeowner. In addition, you must choose the correct mortgage product suitable for your financial situation. For example, a fixed-rate mortgage will give you a higher starting rate, but your principal and interest payments stay the same. While an adjustable rate mortgage’s interest rate tends to be lower, it has periodic adjustments throughout the life of the loan affecting your monthly payment.  Be mindful of the entirety of the mortgage you are selecting. It is important that you do a personal accounting of your finances and consults a great mortgage loan officer.

Reduce your Debt-to-Income Ratio

If you are applying for a mortgage, lenders always look closely at your debt-to-income ratio. Debt-to-income ratio is the ratio of your monthly debt payment divided by your gross monthly income. It is one way for the lender to measure a person’s ability to manage their monthly payments and debts and their capacity to repay the loan.

Minimize Your Borrowing

More often than not, applying for new credit can have a huge effect on your credit report, which in turn impacts your eligibility when applying for a mortgage. If you know you will be applying for a mortgage in the near future, be sure to suspend any further inquiries on your credit until after your home closes. Inquiries and new accounts can and will affect your credit score and debt to income.

Educate Yourself

Knowledge is power. When dealing with a mortgage, you must be fully aware of your financial capacity, what you need, what you can afford, and what type of mortgage is perfect for you. You can conduct your own research regarding mortgages or consult your real estate broker regarding a good referral.

 

Homeownership is a dream for most but does not have to be difficult to achieve. If you are prepared prior to shop for your home, it makes the process that much smoother. Buying your home is the single largest investment most American’s will make, so the best thing to do is to assess your preparedness and give us at Bascomb Real Estate Group a call!

Posted in: Home Buying and Selling, Home Upgrades

#LifeGoals Part 2

In my first #LifeGoals post, we started with small goals, but that phrase can be very intimidating.  In American in general and the black community in specific, we are taught to be better.  Not just better, but exceptional just so you can be on equal footing with your non-black counterparts because, well, we live in America.

This notion framed my professional development in my youth (my 20’s and early 30’s), as I am from the generation of the serious hustle! Nobody is going to do it for you, so get out there and make it happen!  But I realized as I got older, I had no definitive goals for my life that I could articulate.  I was always and forever grinding, without a clear path for the grind; seems counterintuitive but all you grinders know what I am talking about, you just do!

Wisdom is a valuable teacher, the bible has an entire book, Proverbs, dedicated to it.  There is nothing like it, and as my wisdom enhanced through prayer, intuition and, paying attention, I realized I was on a hamster wheel.  So, I began the journey toward #LifeGoals, what was I given this life for and how can I use it to move people and live this life to its fullest?  If you sincerely and earnestly ask, The Father will answer, and for me the answer was entrepreneurship and sharing through that platform. That is my current big #LifeGoal and all roads lead to it!  I want to enrich our community with black homeownership so that we can all begin to share in the American dream! Homeownership is never out of reach, maybe you aren’t ready today, but you can be fully prepared for a year from now.  It is all about preparation and that is what I do, work with and prepare my clients for the now or later, whatever is best for you!

If we are so blessed to continue the journey, you most certainly don’t have to relegate yourself to one #LifeGoal; this is my current one not my last!  What are your #LifeGoals? Share with the community, maybe you will spark someone else’s thought process as that is how community works! Until next time.

Posted in: Uncategorized

How to Calculate Your Home Equity?


One of the many questions I receive from homeowners is, how do I find out how much equity I have in my home? This is a very important question, as it is the one factor that can determine whether you can or should sell your home, or even refinance it for a better rate; or to take out some cash for debt consolidation, home repairs or the like.

Knowing how much equate you have in your home also provides you with a better financial picture. Home Equity is simply the value of the ownership stake in your home. It is the difference between its current market value and the total sum of debts or liens (mainly but not exclusive to your primary mortgage) you have against your home.

First, you can figure out the equity in your home by subtracting the amount you owe on all your loans secured by your house from its appraised or market value. For example, Nicole owns a house recently appraised at $500,000. Nicole subsequently owes ABC Lender $150,000 as a mortgage on her home. We can calculate Nicole’s home equity in the figure below:

(Current Appraised/Market Value) – (Mortgage Balance/Loan Balance) = (Home Equity Value)
$500,000 – $150,000 = $350,000

If you are interested in calculating your home equity percentage, you can do so by dividing your home equity value with the current appraised/market value of your house.
(Home Equity Value) ÷ (Current Appraised Value) = Home Equity percentage
$350,000 ÷ $500,000 = $0.7%

Loan-to-Value Formula

Another method of calculating the equity in your home is through the loan-to-value formula or (LTV formula). Lenders use this method in all case when you are discussing encumbering your home with a loan. If you are interested in applying for a mortgage, Loan-to-Value Formula will compare the amount of the loan you are seeking against the current market or appraised value of your home.

To calculate your LTV, divide your current loan balance(s) with the current appraised or market value of your home. After that, the answer will be multiplied by 100 to find the percentage.
In the example given above, the $150,000 loan balance, will be divided by the $500,000 appraised value of your house. This will result in 0.3 multiplied by 100 equals to 30% LTV for your home.

Take note that LTV can affect if you must pay Private Mortgage Insurance(PMI) or if you qualify to refinance, 80% LTV is the max you can borrower to avoid paying PMI. Nonetheless, these are easy ways to calculate your home equity. Remember that Both LTV and home equity values will be subject to fluctuations depending on the market value of your home.

If you are a homeowner and interested in finding out the value of your home visit or website at www.bascombrealestate.com and visit the ‘What’s Your Home Worth’ tab, or email us at customerservice@bascombrealestate.com, we are looking forward to hearing from you!

Posted in: Home Buying and Selling, Home Upgrades

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