This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As September is Realtor Safety Month, the National Association of Realtors has released its 2020 Member Safety Report. According to the report, 31% of Realtors said they feel unsafe during an openhouse or showings, and 27% said they feel unsafe when meeting a new client for the first time at a scheduled location or property.
Virtual openhouses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. What is a virtual openhouse, and are they still worth it? That’s the gist of a virtual openhouse.
If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. According to data from CoreLogic, Denver’s average price per square foot has risen 35% since 2020. The buyers who are in the market are shopping for the usual reasons.
Baby boomers and millennials have dominated the home-buying conversation in recent decades, but a new generation of homeowners is browsing online listings, heading to openhouses and planning their home-buying budget. Here are 14 real estate trends Gen Z buyers won’t pass up. Gen Z values diversity and inclusivity.
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. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.
But there are definitely a few main things to looks out for — many of which are carrying over from a turbulent 2020 and early 2021 — when it comes to the upcoming landscape for the rest of 2021: Lack of inventory Fluctuating interest rates Increased adoption of technology. Inventory issues.
It translates to getting more buyers through the door, more offers and more money in the sellers (and your) pockets. Buyers are more inclined to stop by an openhouse or set up a private showing on listings that look great online. This was a decade ago, so prices were much more buyer-friendly.
The likelihood of the listing agent selling a pocket listing to a direct buyer without their own agent increases greatly with pocket listings. A reason to call your buyer leads. An off-market listing is a great excuse to call all those buyer leads in your database. We will give you ideas of how to do this in a later section.
Knowing what you’ll say in advance on a call, at an openhouse, or just chatting with your sphere makes you more confident — and confidence is the key that opens the door to opportunity in real estate. We want to attract the most qualified buyers and create a sense of urgency to encourage them to make strong offers quickly.
For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. You may have seen a picture making the rounds on Housing Twitter and LinkedIn recently. It shows about 50 people waiting in line at an openhouse in Mount Laurel, New Jersey.
So the products I’ve put into this category are really focused on either helping agents win listings or helping them convert lookers into buyers. And the last area is seller tools or companies that help to convert lookers to buyers (I could probably have thought of a better name here). Seller tools / Buyer conversion tools.
“Prior to the COVID-19 pandemic, it was normal for inventory to rise in February as the spring home sellers began listing their homes and buyers weren’t yet out in force,” Simonsen wrote in his February 13 housing market update. We are seeing some modest increases, but the pressure is still there for the buyers,” Redding said.
When the restaurant Tom Hunt worked at as a server temporarily shut down during the spring of 2020 due to the COVID-19 pandemic, he decided it was the right time to pursue his longtime desire of becoming a real estate agent. By the end of 2020 the organization’s membership had soared to 1.48 million members.
Maintaining a consistent pipeline of potential buyers and sellers ensures the business’s sustainability and growth, but it requires an immense amount of work and marketing expertise, which is often outside an agent’s core competencies. Since 2020, Addressable has facilitated nearly $2 Billion in home sales across 44 states.
Since the 2020 DJIA peak of February 12, 2020, of 29,551.42, the market has fallen 28.13% to 21,237.88 However, all of these housing-related workers such as appraisers and agents, are starting to see that market conditions do not include the gift that it will be "business as usual." The outbreak is clearly expanding.
Think about it: if you’re a super successful agent running a team , you’ll want your team members to be available to run out and cover showings and host openhouses every weekend. Let everyone in your sphere of influence know that you got your real estate license and are excited to work with buyers and sellers.
Live-streamed openhouses, virtual walkthroughs, masks and sanitizer waiting at listed homes became common as the first weeks wore on. As a result, in June the number of homes on the market was much closer to 2019 numbers and sales in June 2020 in the VREB region surpassed sales from June 2019. percent compared to April 2019.
It makes sense, but it can make the real estate process even tougher for buyers. Here’s how to handle emotional buyers like the pro that you are. As of 2020, a whopping 88% of home buyers relied on the help of a real estate agent to get them through the process. Know Their Problems — and Solve Them.
In 2020, we put out a recommendation that speaks directly to REALTORS ®, with 10 Steps for Holding a Safe Showing or OpenHouse. We clearly outlined the steps for REALTORS ® last year, but as time passed, we realized buyers and sellers too could use tips to follow in this market. Be Prepared with a Mask.
This creates a cycle that floods the market with homes for sale, shifting competition to sellers, unlike the post-COVID boom, where buyers were in bidding wars, waiving contingencies, and offering over asking. Now, sellers are adjusting their list price to attract more buyers more than ever due to challenges that the Florida market is facing.
With fewer homes naturally being on the market, your home will be getting more attention from buyers. The buyers who are looking during this time of the year are extra motivated so being on top of your selling game is even more important! With the days being shorter during the winter, a lot of your workweek openhouses may be at night.
Here are some easy fixes you can make in one day: Replace Cover Plates on Outlets & Light Switches It might seem like a silly fix, but when a potential buyer enters a room and notices missing or broken cover plates on outlets and light switches, it can be a red flag for the buyer.
When making such a huge decision, buyers often wonder how many homes they should see before they make an offer on the one they like. Buyers who only see a few homes. There are some buyers who luck out and make an offer on the first home they see. There are some buyers who luck out and make an offer on the first home they see.
Despite all of it competition is still strong, and buyers are still out there, but with average prices increasing also at historic rates since 2020 and with the cost increase of borrowing, a shift in the market is happening. Congratulations, frustrated home buyers ! Home sellers, the market has changed.
Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses. Housing authorities like Freddie Mac predict a “strong spring sales season” ahead. Buyer activity remains high , and low inventory continues to pose a problem. Want to move faster?
Motivated sellers attract motivated buyers. We often see homeowners turn down the heat to save money but you want to make sure when your potential home buyer leaves, that they remember a warm, comfortable home that they want to go back to. September 29, 2020. March 3, 2020. Also, ensure that your home is warm inside.
PRICE ADJUSTMENTS AND THE 2024 MARKET In 2023, it was clear that the market was continuing to adjust from the frenzied post-pandemic scene in the early 2020s. Inventory of homes listed reached a record low by July of 2023 , and mortgage rates increased dramatically, diminishing buyer affordability.
We have developed five helpful tips that you can follow in order to please both your children and buyers. But if it’s obvious that you have kids, a buyer will understand if you have a toy here or there that wasn’t put away. Be flexible as well because your schedule may not fit exactly with a potential buyers schedule.
Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.
Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.
Inventory started low in 2020, and then dropped even lower in March 2020 during the stay-at-home mandates. Take Action to Sell and Action to Buy- Many times “Want-to-Be” sellers and buyers don’t take one step without the other and all that does is hold you back.
Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.
Inventory started low in 2020, and then dropped even lower in March during the stay-at-home mandates. This means NOW is a great time to list to take advantage of motivated buyers before other sellers start to saturate the market. Of course, that does not expose it to nearly as many buyers as you can by listing it traditionally.
Each of these villages has its own unique charm, perfect for the home buyer with distinct requirements. On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. 2020: America’s Best Real Estate Teams, Best of America Trends. lower risk for mistakes.
This creates a cycle that floods the market with homes for sale, shifting competition to sellers, unlike the post-COVID boom, where buyers were in bidding wars, waiving contingencies, and offering over asking. Now, sellers are adjusting their list price to attract more buyers more than ever due to challenges that the Florida market is facing.
They are always available, attentive, and active in the pursuit of the right buyer. 2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice. 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal. We cannot thank them enough. .
We joked that the pictures online could not have come from our house!!! They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. 2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice.
On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. 2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice. 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal.
Since most Houston home buyers will need a mortgage, it is important that a home’s sale price be in line with a lender’s estimate of its value. It’s critical to know what price you will ultimately be willing to accept for your Houston home before beginning a negotiation with a buyer. Ask a lender. Price accurately.
We joked that the pictures online could not have come from our house!!! They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. Sandalwood is the perfect place for buyers who are looking for a perfect balance between a luxurious lifestyle and serene city living.
2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice. 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal. 2020: #6 Individual Agent, Keller Williams, Worldwide. 2020: #1 Real Estate Team, Keller Williams Memorial.
2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice. 2020: Top Real Estate Team (Houston Properties Team), Houston Business Journal. 2020: #6 Individual Agent, Keller Williams, Worldwide. 2020: #1 Real Estate Team, Keller Williams Memorial.
On the buyer side, she will absolutely tell you what’s wrong with a property and give you all of the reasons not to buy it. They are always available, attentive, and active in the pursuit of the right buyer. 2020: America’s Best Real Estate Teams, Best of America Trends. 2020: #6 Individual Agent, Keller Williams, Worldwide.
We joked that the pictures online could not have come from our house!!! They brought a lot of buyers through, and we were fortunate enough to have multiple offers to choose from. 2020: America’s Best Real Estate Teams, Best of America Trends. 2020: Best Houston Real Estate Team, Best of Reader’s Choice.
We organize all of the trending information in your field so you don't have to. Join 9,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content