NEW CONSTRUCTION WARNING ⚠️

CONDO RULE CHANGE ⚠️ AGENTS MUST KNOW THIS!

Send us Fan Mail [https://www.buzzsprout.com/2083411/fan_mail/new] Welcome to my Monday Market Update for  the week of August 18th with Nikki  Erickson from Kevnik Mortgage! This week we have a major rule change  every real estate agent needs to know  about right now — plus a simple and  brilliant idea to stay top of mind  with your sphere this week without  pitching real estate at all. This week we are covering: ✅ Back to school slowdown — what     to expect in applications and     activity over the next few weeks ✅ Interest rate update — mid to     high sixes and what the Fed     is signaling for the fall ✅ MAJOR CHANGE effective August 3rd —     Fannie and Freddie have eliminated     streamlined condo approvals entirely ✅ Every condo now requires full review     regardless of down payment — what     that means for your transactions ✅ The fast track approval — how to     use the existing database if your     condo project is already registered ✅ The four things the full review     will examine — investment property     percentage single owner percentage     reserve fund requirements and     insurance ✅ Townhomes do NOT need a condo     review — here is how to tell     the difference every time ✅ How to check legal descriptions     to identify condo vs townhome     in any state ✅ The back to school supply drive —     a simple community touchpoint     that keeps you top of mind     without mentioning real estate If you have any condo transactions  in your pipeline right now — under  contract or not — reach out to  Nikki immediately. This change went into effect August 3rd  for closings — not applications. That  means deals already in progress could  be affected. This is the kind of information nobody  teaches real estate agents. And knowing  it will make you a better advocate for  your clients and a more professional  agent in every single transaction. Need a Great Real Estate Coach and Mentor....  Join my Skool Community! https://www.skool.com/rebusinessbuilder/about  🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder 📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram:     @mortgagesfrommntoaz 00:00 Introduction – Market Update        Week of August 18th 00:30 Back to School Slowdown – What        to Expect in the Market Right Now 01:30 Interest Rate Update – Mid to        High Sixes and What Is Coming 02:30 MAJOR CHANGE – Fannie and Freddie        Eliminate Streamlined Condo Approvals 04:00 Full Review Required – What That        Means for Every Condo Transaction 05:30 Fast Track Approval – How to Use        the Existing Database 06:30 Condo vs Townhome – How to Tell        the Difference Every Time 07:30 Back to School Supply Drive –        A Simple Way to Stay Top of Mind 08:30 How to Reach Nikki Erickson #realestate #lender  #mortgagerates Support the show [https://www.buzzsprout.com/2083411/support] Now's The Time  - no matter where you are, where you have been, or your current results  - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in!  AGCoaching@agcoaching684 [https://youtu.be/R0ASgRRGDB4] With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life [https://www.tiktok.com/@agcoaching4life] 🟧  FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ [https://www.facebook.com/angie.gerber.5/] 🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/ [https://www.instagram.com/angie.gerber.5/]

FREE RENOVATION MONEY YOUR CLIENTS DON'T KNOW ABOUT 💰

Send us Fan Mail [https://www.buzzsprout.com/2083411/fan_mail/new] Welcome to my Monday Market Update for  the week of August 9th with Nikki Erickson  from Kevnik Mortgage! This week we have two really important  topics that come up more than most  agents realize — family home purchases  and renovation funding options your  clients probably do not know exist. This week we are covering: ✅ Interest rate update — volatility     is settling and we are sitting     in the mid to high sixes ✅ Family home purchases — what agents     need to know and what clients need     to have in place before closing ✅ Why you should always treat a family     real estate transaction like a     business not a family deal ✅ The questions every family needs     to answer before purchasing together —     equity splits decision making     and what happens if someone     wants out ✅ City and county renovation grants —     free money most agents and     homeowners have no idea exists ✅ How to find renovation grants in     your area — it is easier than     you think ✅ HELOC vs cash out refi vs renovation     loan — which one is right for     your client and when ✅ The hidden benefit of a renovation     loan over a HELOC that nobody     talks about ✅ Hard money loans for flips —     what they are and when to use them If you have clients sitting on equity  or thinking about renovating or  purchasing a home with family members  this episode is required watching  before that conversation happens. This is the kind of information nobody  teaches real estate agents. And knowing  it will make you a better advocate for  your clients and a more professional  agent in every single transaction. Need a Great Real Estate Coach and Mentor....  Join my Skool Community! https://www.skool.com/rebusinessbuilder/about  🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder 📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram:     @mortgagesfrommntoaz 00:00 Introduction – Market Update Week        of August 11th 00:30 Interest Rate Update – Volatility        Settling Into Mid to High Sixes 01:30 Family Home Purchases – What Every        Agent Needs to Know 03:00 Treat It Like a Business Not a        Family Transaction 04:30 What Happens When Emotions and        Equity Collide 06:00 City and County Renovation Grants –        Free Money Most People Do Not Know About 08:00 HELOC vs Cash Out Refi vs Renovation        Loan – Which Is Right for Your Client 09:30 The Hidden Benefit of a Renovation        Loan Over a HELOC 10:30 How to Reach Nikki & Closing #realestate #lender  #mortgagerates Support the show [https://www.buzzsprout.com/2083411/support] Now's The Time  - no matter where you are, where you have been, or your current results  - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in!  AGCoaching@agcoaching684 [https://youtu.be/R0ASgRRGDB4] With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life [https://www.tiktok.com/@agcoaching4life] 🟧  FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ [https://www.facebook.com/angie.gerber.5/] 🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/ [https://www.instagram.com/angie.gerber.5/]

ARE THEY REALLY PRE-APPROVED? ⚠️

Send us Fan Mail [https://www.buzzsprout.com/2083411/fan_mail/new] Welcome to my Monday Market Update for the week of August 4th with Nikki Erickson from Kevnik Mortgage! This week we have one of the most practical and important episodes we have done yet — the questions every listing agent should be asking when they receive a buyer's pre-approval letter. Most agents call the lender and ask "are they good to go?" That is not enough. And this week Nikki breaks down exactly what to ask and why — including questions that could save your deal from falling apart at the last minute.  This week we are covering:  ✅ Interest rate update — back into the upper sixes and what is driving the volatility  ✅ The 5 questions every listing agent should ask when they receive a pre-approval letter  ✅ Has the lender reviewed income and assets or just pulled credit?  ✅ Has employment actually been verified not just stated by the borrower?  ✅ Has the file gone through the automated underwriting system and what does that mean?  ✅ Have any conditions been identified that could delay closing?  ✅ Is the buyer approved on estimated or property specific numbers?  ✅ What variable income is and why it matters more than most agents realize  ✅ How to look up any lender on the NMLS Consumer Access website before you trust them with your clients  ✅ Why Nikki does rescue missions for incorrect pre-approvals more than you would ever expect This is the kind of information nobody teaches real estate agents. And knowing it will make you a better advocate for your clients and a more professional agent in every single transaction.  🔗 NMLS Consumer Access Website: www.nmlsconsumeraccess.org 📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram: @mortgagesfrommntoaz  Join my Skool Community! https://www.skool.com/rebusinessbuilder/about Support the show [https://www.buzzsprout.com/2083411/support] Now's The Time  - no matter where you are, where you have been, or your current results  - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in!  AGCoaching@agcoaching684 [https://youtu.be/R0ASgRRGDB4] With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life [https://www.tiktok.com/@agcoaching4life] 🟧  FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ [https://www.facebook.com/angie.gerber.5/] 🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/ [https://www.instagram.com/angie.gerber.5/]

NEW CONSTRUCTION WARNING ⚠️

Send us Fan Mail [https://www.buzzsprout.com/2083411/fan_mail/new] This week we have a really important  warning for every agent and buyer  considering new construction — plus  your weekly interest rate update during  Fed Meeting Week. Welcome to your Monday Market Update for  the week of July 28th with Angie Gerber  and Nikki Erickson from Kevnik Mortgage! This week we are covering: ✅ Fed Meeting Week — what to expect     from the announcement and why rates     should stay stable or improve ✅ Interest rate update — after hitting     the high sixes last week we are back     to mid sixes today ✅ New construction warning — a builder     tactic agents need to know about     right now ✅ How some builders are falsely     inflating neighborhood home values     using buyer incentives ✅ Why this connects directly to the     tactics that caused the 2008 crash ✅ New construction vs existing homes —     the real cost comparison every client     needs to see ✅ Window treatments landscaping     appliances and all the hidden costs     of new construction ✅ How to research builder quality     before your client commits —     including TikTok ✅ Why new construction is its own lane     and what agents need to know before     going all in If you have clients looking at new  construction right now this episode  is required watching before you write  that purchase agreement. Need a Great Real Estate Coach and Mentor....  Join my Skool Community! https://www.skool.com/rebusinessbuilder/about  🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder 📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram:     @mortgagesfrommntoaz 00:00 Introduction – Market Update Week of July 28th 00:30 Fed Meeting Week – What to Expect from        the Announcement 01:30 Interest Rates – Volatility Back to        Mid Sixes Today 02:30 New Construction Warning – What Every        Agent Needs to Know Right Now 04:00 The Builder Inflation Trap – How Builders        Are Falsely Inflating Home Values 06:00 How This Connects to the 2008 Crash –        A Warning for Agents 07:30 New Construction vs Existing Homes –        The Real Cost Comparison 09:00 Do Your Research – TikTok Inspectors        and Quality of Build 10:00 How to Find Nikki & Angie's Skool        Community #realestate #newconstruction #mortgagerates Support the show [https://www.buzzsprout.com/2083411/support] Now's The Time  - no matter where you are, where you have been, or your current results  - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in!  AGCoaching@agcoaching684 [https://youtu.be/R0ASgRRGDB4] With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life [https://www.tiktok.com/@agcoaching4life] 🟧  FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ [https://www.facebook.com/angie.gerber.5/] 🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/ [https://www.instagram.com/angie.gerber.5/]

3 Things That Kill Cabin Deals | July Market Update

Send us Fan Mail [https://www.buzzsprout.com/2083411/fan_mail/new] This week Nikki is joining us from her  family cabin — which inspired a really  important topic that every agent, especially in MN needs to understand heading into  the second half of summer. Second home lending. And all the ways  it can go sideways if you do not know  what to watch for. This week we are covering: ✅ Interest rate update — mid to upper     sixes and what is driving the     volatility right now ✅ Iran tensions oil prices and how     the bond market is responding ✅ ICE housing data — more buyers are     entering the market ✅ Second home vs investment property —     the distinction that could cost your     client thousands ✅ The 100 mile rule — what qualifies     as a second home and the Minnesota     lake property exception ✅ The three deal killers in cabin and     second home transactions — well water     septic and heat source ✅ The VRBO trap — why clients calling     an investment property a second home     is a costly mistake ✅ Minimum 10% down requirements and     what triggers investment property     classification If you have clients looking at cabins  lake homes or second properties this  summer this episode is required watching  before you write that offer. Need a Great Real Estate Coach and Mentor....  🔗 Book your FREE Discovery Call with Angie: https://calendly.com/angiegerber/real-estate-business-builder 📞 Connect with Nikki Erickson at Kevnik Mortgage: 📱 Call or Text: 952-484-1584 📧 Email: nikki@kevnikgroup.com 📘 Facebook | TikTok | Instagram:     @mortgagesfrommntoaz 🔗 Request Nikki's Renovation Loan PDF:     nikki@kevnikgroup.com 00:00 Introduction – Market Update July 21st 00:30 Interest Rate Update – Mid to Upper Sixes        & What Is Driving the Volatility 01:30 Iran Tensions Oil Prices & the Bond Market 02:30 Second Home Lending – What Every Agent        Needs to Know 03:00 The 100 Mile Rule – Second Home vs        Investment Property 04:00 Well Water Septic & Heat Source –        The Three Things That Can Kill Your Deal 05:00 Minimum 10% Down on Second Homes –        VRBO Trap Agents Need to Avoid 05:30 How to Reach Nikki Erickson at        Kevnik Mortgage Support the show [https://www.buzzsprout.com/2083411/support] Now's The Time  - no matter where you are, where you have been, or your current results  - By becoming more aware and following a process, you can have whatever it is you truly desire! Find me in my free Community for Women Real Estate agent: www.skool.com/rebusinessbuilder/about Check out my YouTube Channel - So many ways to stay connected and plugged in!  AGCoaching@agcoaching684 [https://youtu.be/R0ASgRRGDB4] With Gratitude - Angie Gerber angiegerber@gmail.com ⬜ JOIN MY TIKTOK : https://www.tiktok.com/@agcoaching4life [https://www.tiktok.com/@agcoaching4life] 🟧  FOLLOW AND LIKE MY FACEBOOK ACCT : https://www.facebook.com/angie.gerber.5/ [https://www.facebook.com/angie.gerber.5/] 🟫 FOLLOW ME ON MY INSTAGRAM : https://www.instagram.com/angie.gerber.5/ [https://www.instagram.com/angie.gerber.5/]