Q: My Dad passed away in January and my Mom passed many years ago. I need to sell their home. Dad had his hobbies and there is a lot of stuff besides the normal furniture, clothes etc… My husband and I still work full time jobs (not retired yet). With only limited time available to work at the house, it will take us a long time to go through everything and empty it out. This doesn’t take into consideration anything that should be done to the house before putting it up for sale. I don’t want to make a second career out of this. We need help; any suggestions?
A: This is a position that many find themselves in more often than you’d think. There may be items you want to keep, items that are keepsakes, valuable or collectable, items that are saleable and definitely items that belong in the trash. I can’t speak for what other agents do, but I can tell you what I do for clients listing their inherited home with me. I first recommend taking out the things you or family members want, leaving what you don’t want. I know reputable estate sale companies that will come in and organize a sale, but be aware that depending what you have, they may not be interested in doing an estate sale. Also, another stumbling block with estate sales is that it will cost you money to have all the items removed that did not sell at the estate sale. I have seen numerous times where a check has to be written out to the estate sales company because what sold did not cover the cost of removal.
I also have a thrift / resale store that will come in and empty out the house at no charge and sometimes pay you for some of the items. For the hobbyist who have model trains, model cars etc. I know reputable dealers who will come in and pay cash at a fair market price and remove those items so you don’t have to. When it comes to possible repairs that need to be done before putting it on the market I have handymen, electricians, roofers etc… who have helped many of my clients that I can recommend. This approach prevents a lot of stress/anxiety.
It can also save you time and money; remember, a vacant house or condo can be a financial burden. You still have to pay property taxes, insurance, utilities, mortgage (if one exists) and possibly home owner’s association dues. I have witnessed family members of deceased love ones taking 7-9 months or longer to go through things and organize their own garage sale to make $1,000 not realizing that the monthly overhead for taxes, insurance, monthly association fees and utilities was costing them $675 per month (they lost over $4,000).
Q: My wife and I are looking to sell our house and buy a condo. We are not clear as to the difference between a detached condo and a site condo. Are they the same thing?
A: Often Buyers buy this type of property and really don’t know what they bought because no one explained it to them correctly. I have even witnessed builder’s sales people explain it wrong. Here’s the simple explanation. Detached condos look like houses; however, no land/lot goes with the property. Everything outside the walls of the condo is common area. Site condos look like houses and include the land/lot it sits on with the ownership of the condo.
Market Update: February’s market update for Macomb County and Oakland County’s housing market is as follows. In Macomb County prices were up by more than 8% and Oakland County prices were up by more than 9% for the month. Residential home/condo on market inventory was down again. Macomb County’s on market inventory was down by more than 7% and Oakland County’s on market inventory was down by almost 24%. Macomb County average days on market was 28 days and Oakland County average days on market was 30 days. Closed sales in Macomb County were down by almost 7% and closed sales in Oakland County were down by almost 13%. The closed sales are down as a direct result of the continued low inventory.
Demand still remains high. We are currently averaging around a one-month supply of homes for sale; a six-month supply is considered a balanced supply. (All comparisons are month to month, year to year.)
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Colorado Gov. Polis signs new batch of gun laws
Colorado Gov. Jared Polis (D) signed a new batch of gun legislation into law on Friday, several months after a deadly mass shooting at an LGBTQ nightclub in Colorado Springs.
The laws establish a three-day waiting period to obtain a firearm, raise the minimum age to purchase firearms to 21, make it easier to sue gun manufacturers and expand the state’s red flag law.
“Coloradans deserve to be safe in our communities, in our schools, our grocery stores, nightclubs and everywhere in between,” Polis said at the bill signing, according to The Colorado Sun.
Politics & Inclusion dinner a night to celebrate journalists of color
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Five people were killed and 17 were injured in November when a 22-year-old gunman opened fire at Club Q, an LGBTQ nightclub in Colorado Springs.
A proposed assault weapons ban failed to make it to the governor’s desk alongside the other gun control legislation after the House Judiciary Committee voted last week to postpone consideration of the bill indefinitely.
However, legislation to ban the sale and manufacture of so-called “ghost guns,” or unserialized firearms, remains under consideration in the Colorado state Senate.
2 Cases Filed Against Wrestling Body Chief, 1 Of Them For Harassing Minor
he Delhi Police, which functions under Amit Shah’s Home Ministry, filed the two first information reports (FIRs) hours after the Supreme Court ordered them to do so.
The Delhi Police have filed two cases against Wrestling Federation of India (WFI) chief Brij Bhushan Sharan Singh after the country’s top wrestlers made allegations of sexual harassment against him.
The Delhi Police, which functions under Amit Shah’s Home Ministry, filed the two first information reports (FIRs) hours after the Supreme Court ordered them to do so, amid protests at Delhi’s Jantar Mantar by wrestlers including Bajrang Punia, Sakshi Malik and Vinesh Phogat.
One of the FIRs is over a complaint of sexual harassment by a minor, filed under the stringent Protection of Children from Sexual Offences (POCSO) Act, which gives no scope for bail.
The Delhi Police will pursue the case actively, sources said.
Mr Singh, who is also a BJP MP, welcomed the Supreme Court’s order to file the police case into allegations of sexual harassment against him.
Mr Singh told reporters the wrestlers should have waited for the report of a committee that was tasked to look into the matter before they decided to sit on a protest in Delhi’s Jantar Mantar.
«I am happy with the judiciary’s decision. The Delhi Police will investigate the allegations and I am ready to cooperate with them in every possible way. No one is bigger than the judiciary in this country. The order has come to file an FIR (first information report). The government had also said it had no objection to filing an FIR. I am not larger than the Supreme Court. I welcome the order,» Mr Singh told reporters.
Two Young Roommates Are Building An Artificial Intelligence Real Estate Empire – Forbes
Zuma Cofounders Shiv Gettu and Kendrick Bradley
For many years, people dreaded the emergence of artificial intelligence and new technologies. Those who grew up before the iPhone and internet felt that their jobs would be put into jeopardy.
The pandemic made even the most fervent Luddites change their attitude toward robotics, AI and technology. While sheltering at home, riding out the Covid-19 outbreak, they turned to online shopping on Amazon, ordering food deliveries via DoorDash and having others shop for food with the Instacart app. If a person needed to venture outside, and didn’t want to risk going on public transportation, they requested an Uber or Lyft car.
Now that we’ve become accustomed and dependent upon tech platforms for most of our activities, we don’t want to turn back. There is nearly an app for all aspects of our lives. Instant information and results are what we want.
Just as there is an Uber app, a driver is needed—at least until we have autonomous driverless cars. In many industries, AI will start the process and a person will be around to help. Car salespersons, real estate agents and clerks at department stores will supplement the initial interaction between AI and the customer.
If you think about it, most any sector can offer a better experience with the introduction of technology. Real estate is a great example of how AI, chatbots and tech can make the renting of an apartment a better experience. If you’ve rented before, you know how irritating it can be.
Two young entrepreneurs, Shiv Gettu and Kendrick Bradley, saw a need in the real estate rental market. Bradley left his engineering job to work at a property management company to learn the space, as a leasing agent. He noticed that there was a lack of technologies to support real estate sales teams. Roommates, Gettu and Bradley, while both working full-time jobs, set out to build a hospitality property company. It grew to $2 million in revenue in nine months.
However, when Covid-19 hit in 2020, Gettu and Bradley’s company had long-term lease commitments, and with business and leisure travel at a standstill, were running out of runway and needed to get their properties leased. The cofounders quickly turned the company into a virtual leasing office powered by AI to automate the conversion process, and that grew to become Zuma, launching today with a $6.7 million seed round in funding led by Andreessen Horowitz.
Their idea is to change the way apartments are rented. If you’ve ever shopped for a new apartment, you may have run into a hardened, tough-talking real estate agent. They schlep you around to apartments that are “amazing, beautiful and priced at a bargain price.” When you actually see the property, you think a mistake was made, since they’re not amazing, beautiful nor a bargain. After being shown five more apartments, you call it quits, as you’ve lost trust in the agent’s judgement and feel pushed into something you don’t want.
The next outing, you’re supposed to meet the building’s property manager, who can’t be found. An hour later, you spot him fixing something on the premises and gruffly orders you to follow him to see the apartment. His phone keeps ringing with tenants calling. You politely leave, and he doesn’t notice or seem to care.
The Zuma app
Consider how different this would be if the process was started online. You can send a text inquiring about an apartment listing. The AI will send a blueprint, the rental prices, amount of money required for deposit and the their terms of the lease. The texts can offer rich graphics, photos and videos highlighting the place. This could all be done from the comfort of your home. It’s less running around and a more productive use of time.
Automation also benefits the property owners. Consider a multifamily building with a property manager. If there is an interested renter who wants to make a quick decision, but it’s a night or weekend, this lead will go unanswered. The prospect will go elsewhere.
Zuma’s dynamic AI platform automates lead qualifications, engagement, follow-ups, demo and appointment scheduling. The platform, called Kelsey, is an “AI-powered sales assistant that answers complex questions in minutes, to qualify, nurture and convert leads to customers.”
“Kelsey understands which conversation tone, architecture and patterns are most successful at converting leads to sales, and converses with all inbound leads via text message within minutes to keep prospects engaged.” A human will step in to supplement Kelsey.
Connie Chan, general partner at lead investor Andreessen Horowitz, said, “Zuma’s blend between human support and AI creates a magical conversation experience for prospective customers that drastically increases conversion.”
The guys are working toward growing their business in the multifamily and related real estate sector. Ultimately, they plan to use their concept to apply to other industries. It’s amazing to see that the pandemic has created a boom in entrepreneurialism and shown how AI and tech, along with the human touch, can both improve the lives of people and build new innovative businesses.
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