Housing Wire

DECEMBER 10, 2021

As we approach the end of another hot year for the market, homebuyers and sellers are eagerly looking ahead to the 2022 housing market. In a normal market, we tend to see about 30% to 35% of sellers initially over-price their homes and eventually reduce the price to attract buyers. That being said, keep an eye on rising interest rates.

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Housing Market Marketing Inventory Sellers 543

Housing Wire

JUNE 29, 2024

Today, we will examine new listing data more extensively to provide a clear example of a stressed seller market and compare that to where we are today. 2015 81,875 2016 80,293 2017 84,293 2018 98,972 2019 87,278 Now, let me show you what stressed sellers’ data looks like.

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New Listings Inventory Contracts Sellers 415

Housing Wire

MAY 30, 2024

When I originated loans, there were a certain number of people that just didn’t need an agent — because the buyers and sellers knew each other in some fashion. I started thinking about it in 2018, it was kind of a transitionary year for me, in business. BR: This really came out of decades of being in the mortgage business.

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Real Estate Agent Real Estate Sellers Technology 448

Housing Wire

JULY 24, 2023

Pending Sales There are now 378,000 single-family homes in contract. There were 68,000 new contracts for single-family homes this week. In the chart below, the light portion of each bar represents the new contracts each week. But, there were another 15,000 condos and townhomes that went into contract this week.

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Inventory Contracts New Listings Buyers 369

Housing Wire

FEBRUARY 28, 2024

PRO TIP: If you want scroll-stopping hooks and educational content like this without the writer’s block, check out the marketing company who wrote it: Coffee & Contracts. Visit Coffee & Contracts 3. So if you want to actually generate leads from social media, focus on telling stories that resonate with local buyers and sellers.

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Real Estate Marketing Tools Contracts 482

Housing Wire

OCTOBER 23, 2024

How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. All the contracts, disclosures, and paperwork your lead will need to sign to hire you as their listing agent. Prepare your initial comparative market analysis (CMA). Several pens.

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Agents Real Estate Sellers Real Estate Agent 435

Housing Wire

JULY 17, 2023

Sellers have not materialized, and buyers have been buying everything that becomes available. The median price of the homes in contract is higher than last year and the new sales each week are up a few percent over last year. We could see inventory from distressed sellers emerge in 2025. I grew pretty bearish again. is $450,000.

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Real Estate Marketing Inventory Contracts 369

Housing Wire

JANUARY 9, 2025

In this article, well cover the definition of a pocket listing, the pros and cons for both agents and sellers, and how to transact off-market legally and ethically. While Im sure there are instances where this is unfortunately the case, there are legitimate reasons why selling off-market is in the sellers best interest.

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Sellers Real Estate Agents Real Estate Agent 397

Housing Wire

MARCH 24, 2025

As a listing agent, showcasing your sellers properties in the absolute best light possible is a vital component of the service you provide them. It translates to getting more buyers through the door, more offers and more money in the sellers (and your) pockets. This is assuming, of course, that the listing is priced appropriately.

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Real Estate Real Estate Agent Agents Sellers 203

Housing Wire

MARCH 22, 2024

According to an analysis by S&P Global , between 2018 and 2023, homeowners insurance rates in Florida have jumped by 43.2%. We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” From 2022 to 2023 alone, rates rose 15%.

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Insurance Inventory Marketing Real Estate 448

Housing Wire

AUGUST 21, 2023

Inventory often peaks the last week of August, the fall has fewer sellers and it keeps shrinking through the holidays. There are 365,000 single-family homes in contract now. New pending sales of single-family homes going into contract this week came in at 63,000 vs 70,000 last year. That gap narrowed to just 10% fewer.

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Inventory Contracts Buyers Sellers 370

Housing Wire

MAY 24, 2022

I know some people don’t agree with me on this, but the price gains in both the existing home and new home sales sector show that homebuilders and sellers had too much pricing power and needed to be checked. My biggest thing is getting total inventory back to 2018-2019 levels, which can range from 1.52-1.93 This is 16.6 percent (±10.4

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Housing Market Inventory Construction Marketing 418

Housing Wire

SEPTEMBER 18, 2024

According to NAR , five percent of sellers and four percent of buyers found their agent through another agent’s referral. A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. Everybody’s happy!

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Real Estate Real Estate Agent Agents Brokerage 468

Housing Wire

JULY 8, 2024

These sellers were on the market with another agent before and could not sell. This simple real estate script generates the best results because it acknowledges the sellers’ feelings and piques their interest: Hi. One of my favorite seller clients was a FSBO who I became friends with. This is [name] with [brokerage].

Real Estate 435

Real Estate Business Agents Sellers 435

Housing Wire

AUGUST 1, 2023

The median price of the homes in contract is $385,000. There are now 376,000 single-family homes in contract. Maybe by Q4, we’ll have more homes in contract than there were at the end of 2022. The count of new contracts this week was just over 68,000 single-family homes. Both lines indicate about 70,000 contracts.

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Inventory Contracts Buyers Mortgage 370

Miller Samuel

FEBRUARY 12, 2019

The number of units sold in Manhattan in 2018 was down by more than 14 percent compared to the previous year. In 2018 the discount was 5.2%. In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. That process can take time. “If

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 23, 2022

Also, we had a supply spike in 2018, which caused builders to pause construction — and that was with rates only getting toward 5%. The housing construction cycle is over, but the builders will finish their homes under contract and hope rates will fall soon to lock up buyers. We had missed sales estimates in 2013, 2014 and 2015.

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Construction Housing Market Sellers Real Estate 370

Portland Appraisal Blog

DECEMBER 24, 2024

The main reason for this decline is due to a couple of large high-rise condominium buildings being completed in 2016 and 2018. (We’ll The following shows the sales price to the original list price ratio: A ratio above 100% is good for sellers, as it typically indicates a “hot” market with competitive bidding.

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Marketing Advertising Appraisal Inventory 88

Housing Wire

FEBRUARY 14, 2025

Renegotiate vendor contracts Eliminate executive bloat Invest in marketing and recruiting Owners who operate their business like it’s a liability have perhaps made some of the same decisions but from the perspective of “How do I keep afloat another month? These are the sellers that go to market and have no buyers.

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Business Contracts Sellers Technology 252

Appraisal Today

APRIL 2, 2023

What Do Appraisers Look For in a Sales Contract? Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them.

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Contracts Appraisal HOA Architecture 52

Hank Miller Team

APRIL 6, 2022

Here we look at both detached and attached homes going back to Jan 2018. The median time a home is on the market before contracting is 6 days. The trend continues down and through the first quarter of 2022, days on market is running the lowest it’s been at just over 5 days from list to contract. consider this a broad overview.

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Inventory Contracts Buyers Sellers 94

Zillow

AUGUST 1, 2019

Buyers and sellers often enter the market with misconceptions about real estate agents - how they work, how the process works and what the agency relationship is all about. Here are five myths (and five truths) about working with both buyer's and seller's agents. That contract includes a term - typically six months to a year.

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Real Estate Agent Real Estate Agents Sellers 74

Lamacchia Realty

MAY 6, 2024

Their job is to make sure the sale from the seller to the buyer happens within the confines of the law, while also looking out for your best interests. This agreement is a binding contract that outlines the rights and obligations of the buyer and seller during the whole buying process. When Do I Need an Attorney?

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Real Estate Legal Law Contracts 74

The Robert Weiler Company

OCTOBER 15, 2021

Ohio has much to offer prospective investors, ranking in the top 10 on Chief Executive magazine’s “2018 Best & Worst States For Business.” And, Columbus leads other Midwest cities by having excellent job creation and momentum, according to Forbes’ “2018 Best Cities for Jobs.”.

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Investing Real Estate Tenants Investors 138

Hank Miller Team

APRIL 4, 2022

What are the winning buyers doing; waiving/modifying contingencies, extra earnest money, option money, post close occupancy for sellers? While there are no guarantees (esp in real estate), most of the buyers getting under contract are exercising measured risk. Seller's are calling the shots now.

Buyers 75

Buyers Inspection Sellers Contracts 75

Lamacchia Realty

OCTOBER 13, 2022

Sellers and their agents use comps to help determine a proper list price for a property. In this market, a seller looking at comps to pinpoint their own target list price must be a little savvier than in years past. Market value is determined by sales, not the high hopes of a seller. Comps in the Post-COVID Market.

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Marketing Sellers Buyers Market Value 74

Appraisal Today

JUNE 14, 2024

million; in 2018, former “Baywatch” babe Pamela Anderson unloaded her trailer for $1.75 We use multiple datasets and research designs to robustly estimate that mortgaged buyers must pay an 11% premium over all-cash buyers to compensate home sellers for mortgage transaction frictions.

Appraisal 81

Appraisal Contracts Sellers Insurance 81

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 4/9/2018. The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law.

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Inspection Sellers Law Agents 54

Lamacchia Realty

JUNE 21, 2022

For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.

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Housing Market Bracketing Marketing Sellers 69

Lamacchia Realty

APRIL 6, 2022

She brings years of industry experience and expertise in all aspects of the home buying & selling process as well as construction, land assessment & purchasing, negotiating contracts, and design. Ashley has been with Lamacchia Realty since 2018 and she was just recognized as a Top Producer for 2021.

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Realtors Realty Real Estate Agents 69

Appraisal Today

SEPTEMBER 27, 2024

This class is required before this new UAD material can be taught to other appraisers, under contract with the GSEs. Five bedroom septic installed in 2018. 2) Herd mentality – Each seller will be keenly watching the other sellers to see how they respond. About 20 other instructors from across the US were also present.

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Property Appraisal Appraisal Training Contracts 80

Assurance Financial

DECEMBER 20, 2021

After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms. In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs.

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Mortgage Sellers Buyers Finance 74

Lamacchia Realty

DECEMBER 28, 2021

From offering dramatically over asking price, putting down massive deposits, waiving home inspection contingencies or not doing home inspections at all, waiving mortgage contingencies, agreeing to close whenever sellers want, and more. Home sellers are usually motivated to list when they see homes on the market that they want to buy.

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Sellers Inventory Buyers Realtors 74

Appraisal Today

SEPTEMBER 1, 2023

Examples of verification sources include, but are not limited to, the buyer, seller, listing agent, selling agent, and closing documents in certain situations. Hubel explains: “I’m assuming the hot water heater just had a leak, so [the seller] cut out the subfloor and then never replaced it before listing it.” percent from 7.27

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Appraisal Contracts Mortgage Real Estate 87

Appraisal Today

DECEMBER 2, 2022

Counseling buyers, sellers, owners, and tenants on inspections and remediations, improvements, and the appraisal process. Counseling buyers, sellers, owners, and tenants about listing and offering prices, and market rent. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.57

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Appraisal Agents Real Estate Real Estate Agent 89

Appraisal Today

SEPTEMBER 20, 2024

percent from one week earlier Appraised Value Vs. Sale Price Excerpts: Property sellers often ask professionals who are performing appraisals for mortgage lending, “Why is an appraisal even needed? In 2018 ASA merged with NAIFA (National Association of Independent Fee Appraisers) with mostly residential members. percent from 6.29

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Appraisal Business Contracts Real Estate 82

Appraisal Today

JULY 1, 2022

2) Many sellers are distracted by hot headlines from the past. More Than 40% of Home Sellers Are Dropping Their Prices in Salt Lake City, Boise, Sacramento and Other Pandemic Hot Spots. All in all, about half of the metros in this analysis saw more than 25% of home sellers drop their asking price in May. June 28, 2022.

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Appraisal Contracts Insurance Real Estate 52