Category Archives: Business

The Greatest SECRET That Will Change Your Life

Business Planning for 2017

https-%2f%2fcdn-evbuc-com%2fimages%2f25198982%2f31569451007%2f1%2foriginalHave you started your business planning for 2017? It is the first of December so you have one month till the new year begins. To insure you have a successful 2017 it is very important to start planning now. Here are some links to help you with this task.

Here are links to free templates for your business planning

A Free Webinar by Tom Ferry

Planning Essentials by Marketlender

I’m Back and Ready to Move Forward

indexMy last blog post on here was made in June of 2015. See this is when I realized how much I have neglected my business. I have been through a bunch the last year and a half and am back with new passion for REVA Services, LLC. A month or so after making that last blog post I took a part time office position for almost a year and then quit that to join a partnership with another virtual assistant in which I wasn’t able to promote REVA Services, LLC anymore. I have split from that company and am ready to put my heart and soul back in to REVA Services, LLC. Don’t get me wrong I have been still working for my current clients everyday as REVA Services, LLC. I just haven’t been working on my business that is REVA Services, LLC. That is all about to change!

ANNOUNCEMENT

I AM OFFICIALLY LICENSED TO SELL REAL ESTATE!

Business Card I have had my licenses for several years now, but kept it with a holding company. I never saw any benefit to the additional cost to activate my license and to keep it active all year round. Many brokers require you join a Real Estate Board costing $300 to $400 a year then pay a monthly fee on top of that to the broker. I found out recently that Virtual Properties Realty has 3 different options for the level of agent you want to be that are all very affordable. I am under Virtual Properties Realty.BIZ. I pay a one time low fee for the year. If I have a transaction there will be other fees that I would owe at that time, but for someone not planning on having many if any transactions this was the way to go.

Having my license active doesn’t mean that I plan to run out and become a full time Real Estate Agent. No, that is not for me. I am good at what I do as a Virtual Assistant and having my license allows me to offer more assistance to my clients. In case of emergencies or vacations I can show properties and assist in open houses. I don’t want any of my clients thinking of me as competition because that is 100% not the case.

Yet, I will say that if a friend or family member were to ask for my assistance in purchasing or selling their home I would be more than happy to help them to do this. That would be an added bonus to having an active license.

Learning the Virtual Property Realty Way

VPRSo far, as a Virtual Assistant, I have been working mostly with agents that work with Keller Williams Realty. Prior to  becoming a VA, I spent 6 years working with a team of agents who worked for Keller Williams and because of that experience, I can say I am an expert at  KW’s compliance rules. Things are different between each individual Keller Williams Broker, as I have learned  working with several different Keller Williams branches,  but they are all using a system called DotLoop for their paperwork, a system I know very well. The differences between each KW branch I have worked for are minor and easily learned. I have worked with other Brokers besides KW, but so far as a VA for those individuals, I have not dealt with their paperwork compliance outside of emailing a copy of the paperwork to the Broker, which is not difficult. Well, today I was asked by a client who has recently decided to changes brokers to go to their agent orientation with her. The new broker is Virtual Property Realty. It is very exciting to learn a new company’s ways and master them like I have with KW. I am going to take all the classes a new agent would take with them to learn their system, and look forward to broadening my knowledge base so that I may offer my assistance to other Virtual Property Realty agents in the future.

A New Year is Around the Corner

new_year_resolutionI have been so bad this year. I have not posted a blog or Facebook post to my business page since April. I am kicking myself now26578_1229325859902_1431750129_30496304_5538338_n, but need to straighten up, dust myself off and prepare to do better next year. How do I plan to do this? Well I have done a little research and I think I have come up with great ways to get organized and prepared for the year to come. It may help you as well.

1. Evaluate this Past Year – I plan to look over my last year and write down what I did well and what needs improvement. Obviously social media and promoting my business are at the top of that list.

2. Review my current systems – Are they keeping up with the times? Are they efficient? Do I need to add or remove steps? I use checklists so I need to review them and clean them up.

3. Request feedback from current clients – This scares me just a little bit, but it needs to happen. No one wants to hear that they need improvement, but I want to make my clients happy. That is the whole reason I started this business, and if I am not achieving this, I need to know.

4. Thank my clients – If it wasn’t for their continued support I would not be where I am today. They need to know that I appreciate their continued business.

5. Now take this data and set goals for 2015 – I will look at the areas that need to be improved and make a plan and goal to improve them. Make changes to my systems if they are needed. Schedule to review my goal and plans on a weekly bases so that lapses like this social media one don’t happen again.

6. Review Income – Then set a goal for next year. To achieve my goal I will have to work backwards and figure out how much time it will take to reach that goal and then break it down to time per month, per week, and per day. Set those for daily/weekly goals. I just need to be sure to make the goals achievable with my schedule around my family.

Okay I feel better. I have somewhere to start and a plan to make plans. 🙂 Now I need to actually do it. I set the week of Dec. 15th to 19th to be my week to work on this. While I am at it I should attack my person goals as well.

I am ready! I can do it!  2015 will be awesome!!!!

Happy Administrative Professionals Day!!!

Admin Day“No one is more cherished in this world than someone who lightens the burden of another. Thank you.” — Joseph Addison

Mortgage Products Offered by Homestar Financial Corporation

Homestar logoI went to a class this week given by The Ryder Team of Homestar Financial Corporation and it was very informative of the types of loans available and the details about the loans. I thought I would pass on this information. This information was good 11/21/2013.

Quick Reference Guide

USDA Loan

  • If the borrower is pre-qualified for a USDA loan then the property has to be eligible as well. To find out go to www.thinkrd.com
  • 100% Financing, 30 year term, not down payment
  • Need 45 days to close a USDA loan
  • No max purchase price but the loan amount can not exceed appraisal value
  • Eligible repairs can be included into the loan. Limited to the lesser of 10% of the purchase price or $10,000
  • To qualify for this loan the household income can not exceed the limits, which are determined by county and household size.
  • Closing costs can be included in the loan if it doesn’t exceed the appraisal value
  • Seller paid closing costs and gifts have no limit.

FHA

  • Down payment as low as 3.5% (can be a gift – not cash)
  • Up-front MIP Funding Fee – 1.75% can be included in loan
  • Need 30 days to close
  • Seller can pay up to 6% in closing costs/pre-paids
  • FHA Loan Limits are by County

FHA 203K

  • Same down payment and up front fee as FHA loans
  • Need 45 days to close
  • House must appraise for purchase price plus cost of approved repairs
  • Repairs have to be made or overseen by licensed contractor
  • Extra inspection fees will be charged to borrower
  • Money for repairs available no sooner than 31 days after closing
  • Buyer cannot get paid to do the repairs

VA Loans

  • 100% Financing
  • Fixed Rate 30 year loan
  • Lenient qualifying terms
  • Allows seller to pay most loan costs up to 4% as part of purchase agreement (borrower can NOT pay appraisal fee, attorney fee or doc. prep. fees: must be paid by seller) – t lease 2%
  • Minimum credit score is 620
  • Those available are – Veterans, Active duty personnel, Reservists/National Guard Members, qualifying surviving spouses

Conventional Loans

Fixed Rate Mortgage

  • Choose the loan repayment term of 10 to 30 years
  • Loan to Value of 95% so 5% down is the lowest you can go
  • Seller concessions are 3% of 90% or greater, 6% on 75.01 to 90% and 9% on less than 75% (investment is limited to 2%)
  • Minimum credit score of 620
  • Maximum loan amount is $417,000
  • Gift of 20% requires no borrower funds, less than 20% requires at least 3% from the borrower

Adjustable Rate Mortgages

  • Initial rates are usually lower than fixed rate mortgages
  • ARMs have an initial fixed rate for 3, 5, 7, or 10 years, then are paid off at an annually adjusted rate during the remainder of the 30 year term
  • Seller concessions, credit score, and loan amount are the same as Fixed Rate Mortgages

Georgia Dream Homeownership Program

  • Maximum Household Income: (Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Henry, Newton, Paulding, Pickens, Pike, Rockdale, Spalding or Walton Counties) 1-2 persons $69,00; 3+ persons $79,500  All other countries: 1-2 persons $59,500; 3+ persons $68,500
  • The sales price of the home cannot  exceed $200,00
  • This loan is available to first time home buyers, those who have not owned a home in the past three years and those who purchase a home in targeted areas.
  • Down Payment Assistance – use this loan in conjunction with a Georgia Dream First Mortgage Loan
  • Borrower(s) must complete credit counseling
  • Borrower(s) must contribute a minimum of $1,000 to the purchase – can be a gift
  • Down Payment Loan Options: STANDARD $5,000 PEN: Eligible home buyers who are employed in qualified public protection, military, health care or education qualify for $7,500 CHOICE: Eligible home buyers whose household includes an individual living with a disability qualify for $7,500
  • Plan for a 60 day closing
  • Must follow FHA Guidelines
  • The down payment assistance laon is an interest free second mortgage with no payments. this loan is NEVER forgiven. when the home is sold or the loan is refinanced the down payment assistance loan must be repaid.

 

Daylights Savings is Coming Up!

2-Daylight-Saving-Time-2013A reminder for this has always been one of my favorite things to email or send post cards out to client’s database. It is just an easy, simple, and so darn helpful way to keep in front of your sphere of influence, past clients, leads, and present clients. Have you ever forgot? I have. Have you ever found out the night your supposed to reset your clocks? I have. The first time I got a reminder from a realtor I knew, I was like “OMG thank you!!!!!” Maybe it is just me and more people are just aware of when these times of the year fall, but it can’t hurt to remind them either.

So this is me, reminding you, to send out this reminder to your database!!! If you need help with that, let me know. 🙂

Products I Use for my Business

Yesterday, while at my son’s baseball game, I got a call from an assistant of an agent that I know. She needed help figuring out how to complete a task she had been asked to do. It was something that as an assistant over the years I have come across and did know how to get it done. The solution involved converting one file type into another and she was not sure how to do that. I told her I had software that would do it, but maybe she could Google it for a free something that would get the job done. After telling my husband about the conversation he replied with “Quit telling people how Google works. That is half your business.” This made me laugh pretty hard because there is some truth in that. Maybe not so much now, but it was a big key on how I got to where I am. When I was working as an assistant for a team of agents that came to me for solutions to one thing or another I was constantly using Google to find answers and tools to help with the solutions. So I thought today I would share a list of software and online tools that I have accumulated and use that are a huge roll in how I am able to do my job so well. I don’t claim to be an expert at any of these programs. I can get done what I need to get done and if I get stumped I Google it.

  •      – RoboForm – Store and organize passwords
  •      – Serif – WebPlus, PhotoPlus, PagePlus, & TuneUp Utilities – Create Websites, Flyers, alter Photos, and Tune Up my PC
  •      – Nitro PDF – Create and manipulate PDF files. Also can convert a PDF into several other file types.
  •      – EverNote – Keep notes and be able to access them and up date them from all your devises.
  •      – HootSuite – Post, schedule post, and watch posts on several social media platforms
  •      – Qbox Client – Share and collaborate on the QuickBooks file
  •      – Fotosizer – Resize many photos at once
  •      – DuckCapture – Takes different types of screen shots and web page screen shots
  •      – Dropbox – Files sharing and storage
  •      – Belarc Advisor – Will give you a report of everything on your machine. Run it and store files somewhere other than on you computer so it can be used to restore your system. Be careful on download.
  •      – LogmeIn – Can connect and use another PC as if was your own.
  •      – CC Cleaner – Free computer cleaner that helps maintain bulk that can be downloaded onto your machine.
  •      – GIMP 2 – Photo altering program. It is Free compared to the Serif programs
  •      – Microsoft Office  – Outlook, Excel, & Word – Email manager (I would truly hope Excel and Word are self explanatory to most people. If I am wrong I apologize.)
  •      – Google – Gmail, YouTube & Voice – Email, video posting, and free phone system
  •       – Obi – A devised used with Google Voice so that I can have free landline phone in my house.

Well I hope that if you are reading this you learned about something new that would be helpful to you and/or your business. I am sure there are many other useful tools out there that I still haven’t come across. I probably just haven’t been given a task that requires it. If you know of something useful please leave a comment and let me know what it is.  I would love to go into details about how I use all these, but then I would be giving away more business secrets like how to use Google.

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Have a Great Weekend!!!