Housing Wire

NOVEMBER 1, 2024

So, let’s start with the basics: What is a real estate broker vs. an agent? To answer that, we’ll take a deep dive into the differences between the many types of real estate professionals, including a real estate agent and a real estate broker. Summary What is a real estate agent? What does a real estate agent do?

Real Estate 445

Real Estate Real Estate Agent Agents Brokerage 445

Housing Wire

OCTOBER 9, 2024

17 , when the business practice changes outlined in the National Association of Realtors’ commission lawsuit settlement agreement had to be implemented, most brokers and agents were concerned about how they would disclose a seller’s offer of buyer broker compensation. Heading into Aug. which is no longer in effect.

Buyers 428

Buyers Sellers Agents Contracts 428

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. The average buyer’s agent commission, according to a Redfin report from July, was 2.55%, a little less than it was prior to the settlement’s announcement.

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

SEPTEMBER 9, 2020

” With the suburbs seeing record volume , agents and brokers like Harrison, who runs Compass’ operations in Westchester alongside her husband Zach, are counseling their clients on how to prevail in a fierce bidding war. Time waits for no buyer in the suburbs. That will set the prospective buyer apart, Harrison said. “I’ve

Agents 501

Agents Marketing Clients Buyers 501

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Homeowners want to picture themselves living in a clean, fresh home.

Home Improvement 475

Home Improvement Real Estate Agent Sellers Real Estate 475

Housing Wire

MARCH 22, 2021

Interestingly, Redfin data showed waiving the inspection contingency and conducting a pre-inspection – meaning the buyer conducted an inspection before making an offer – had no significant impact on whether a prospective buyer wins a bidding war.

Inspection 544

Inspection Inventory Buyers Sellers 544

Housing Wire

JANUARY 14, 2022

The market last year was unprecedented,” said Mark Siwiec, a Keller Williams agent in Brighton, a town just southeast of Rochester. “It in November, per Redfin, suggesting listing agents perhaps underestimated continued market demand. It left us breathless. In addition, the sale-to-list price ratio was 106.3%

Agents 421

Agents Inventory Buyers Marketing 421

Appraisal Buzz

NOVEMBER 13, 2024

The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. The study found that 48% of buyers said costs were higher than expected, with 39% exceeding their budget and 38% reporting impacts on their savings. times more than boomers (31%).

Real Estate 417

Real Estate Sellers Buyers Renovations 417

Housing Wire

APRIL 25, 2024

When the meeting concluded, DeRoussel quickly reached out to the seller’s agent to see if her client could get in for a tour, but it was too late. “I I called the listing agent and it was listed three hours ago, but it was sold,” the Cincinnati, Ohio -based eXp Realty agent said. “We Buyers are really struggling.”

Buyers 410

Buyers Marketing Inventory Investors 410

Housing Wire

OCTOBER 5, 2021

This is slightly higher than the number of buyers who reported purchasing a home without a mortgage (68%). This discrepancy suggests that buyers who need financing can still compete with cash offers, as long as their offer is appealing in other ways.

Sellers 545

Sellers Inspection Buyers Finance 545

Housing Wire

JULY 10, 2024

While Northwest Ohio ’s housing market has remained fairly strong in recent months, local real estate agents say things become a bit more complicated when you segment the market by price point. Agents attribute the varying market conditions to the current interest rate environment. and are spending a median of 56 days on the market.

Inventory 345

Inventory Buyers Agents Inspection 345

Housing Wire

MAY 14, 2024

“Most of the demand is coming from first-time buyers,” Trevor Levin, a local agent with Los Angeles-based Nourmand & Associates , said. Nationwide, the share of buyers who are first-time buyers has risen in recent months. Nationwide, the share of buyers who are first-time buyers has risen in recent months.

Buyers 393

Buyers Inventory Landlords Real Estate 393

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

AUGUST 3, 2023

Too many real estate agents are watching artificial intelligence (AI) from the sidelines, assuming technology will never replace them. They repeat the mantra “Home buyers and sellers will always need a real estate agent.” So how can real estate agents be so cavalier about their job?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. However, this rise in first-time buyers helps explain what’s driving demand and keeping upward pressure on prices in a market with mortgage rates currently surpassing 7%. It never will be. I’ll explain later.)

Agents 414

Agents Buyers Sellers Inventory 414

Appraisal Buzz

JULY 23, 2024

Buyers are getting more and more selective,” said Julie Zubiate, a Redfin Premier real estate agent in the San Francisco Bay Area. Buyers often back out during the inspection period because they find something they don’t like, but affordability is really the underlying issue. of homes that went under contract.

Buyers 396

Buyers Contracts HOA Property Taxes 396

Housing Wire

MARCH 31, 2021

Those prices are high for agents who sell exclusively in the mid-Michigan area, but for homebuyers looking to get out of a popular metro area — say, Detroit, which is two hours from Bay City — the deals are hard to beat. Other agents mentioned that investors are swarming, as well. compared to 2020. increase year-over-year.

Buyers 418

Buyers Investors Realtors Agents 418

Housing Wire

JUNE 10, 2021

To attract potential buyers, sellers have to make sure their home is aesthetically pleasing. After all, curb appeal is just as attractive to potential buyers as the indoor layout. Home improvements and renovations are also important to buyers. A concession is when the seller agrees to pay part of a buyer’s closing costs.

Sellers 545

Sellers Real Estate Agent Real Estate Decorating 545

Housing Wire

MAY 21, 2024

Buying a home in a non-disclosure state, where sale prices are not available to the general public, presents a unique set of challenges and requires home buyers to be more proactive in gathering information. Work with a real estate professional with MLS access In non-disclosure states, the role of real estate agents becomes even more crucial.

Real Estate Agent 425

Real Estate Agent Real Estate Inspection Valuation 425

Housing Wire

MAY 22, 2024

From waiving inspections and financing contingencies, to free leasebacks and uncapped escalation clauses, real estate agents say that buyers in Rhode Island are willing to do almost anything to get into a house right now. “It For buyers, the tight inventory has meant frequent compromises to their search parameters.

Buyers 304

Buyers Inventory Marketing Real Estate 304

Housing Wire

FEBRUARY 23, 2024

Local agents attribute at least some of the market’s hotness to the inventory situation. In recent months, however, as mortgage rates have stabilized and even come down slightly, agents like Danzey say more buyers have come to the market, adding even more pressure to the already strained inventory situation.

Housing Market 492

Housing Market Marketing Inventory Buyers 492

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. Although I was certainly nervous about the process, I knew I was far better prepared — and had far more resources and industry experts available for consultation — than most first-time buyers. Funny you should ask.

Agents 431

Agents Inspection Real Estate Sellers 431

Housing Wire

JULY 22, 2024

Watch any of the glamorous pseudo-reality real estate shows on TV, and you might be tempted to become a part-time real estate agent. Most of the agents you see on TV wearing $1500 outfits work 80+ hours per week. Most of the agents in my office worked equally long hours. Most of the agents in my office worked equally long hours.

Real Estate Agent 382

Real Estate Agent Real Estate Clients Agents 382

Housing Wire

JUNE 22, 2021

These are the words real estate agents use when asked to describe the current state of the market and what it’s like to buy a home today. Buyers are facing unprecedented challenges, they say, due to a confluence of housing market conditions: Pricing. If you’re an FHA or VA buyer, you don’t stand a chance. Bidding wars.

Housing Market 433

Housing Market Real Estate Agent Marketing Inventory 433

Housing Wire

FEBRUARY 26, 2024

In May 2022, the Florida Legislature introduced a new condominium safety law, which mandates more rigorous inspections and stronger financial reserves for HOAs. On the demand side, buyers are wary of purchasing a condo since it has become less affordable. It’s causing buyers to rethink their plans.”

HOA 482

HOA Law Insurance New Listings 482

Housing Wire

SEPTEMBER 17, 2024

For agents in New Hampshire , this week marks two months since PrimeMLS , the state’s multiple listing service , implemented the business practice changes outlined in the National Association of Realtors’ nationwide commission lawsuit settlement agreement. It is a seller decision, not an agent decision.”

Agents 410

Agents Sellers Buyers Realtors 410

Housing Wire

AUGUST 22, 2024

Although the process for communicating and dispersing buyer agent compensation has shifted, the industry adapted calmly within a couple of weeks. Instead, it stems from the need to formally consult and contract with potential buyers before opening any doors. I’ve had a front-row seat to these changes.

Real Estate 422

Real Estate Realtors Contracts Agents 422

Housing Wire

APRIL 8, 2021

According to Matt Sharp, Area Lending Manager at Citi, “It’s really important when you are in the buying process that lenders have a communication with not only the buyer but also with their realtor,” Sharp said. This is a bit of a gamble since the buyer won’t know for sure if they have to use the money until after the appraisal.

Inspection 468

Inspection Sellers Buyers Tools 468

Housing Wire

JULY 24, 2024

There is potential for agents to save time, according to Walt Baczkowski, CEO of SFAR. This partnership will provide all SFAR Realtors with the opportunity to take advantage of RealReports’ robust property data and AI-driven insights to enhance buyer and listing presentations, streamline research, mitigate risk, and generate leads.”

Realtors 397

Realtors Tools Real Estate Agent Real Estate 397

Housing Wire

OCTOBER 27, 2020

And for buyers, that means more competition — as well as less leverage in negotiations. The truth is, sellers can have their pick right now, and if your offer isn’t just what they want, they could choose another buyer. Making a contingent offer can protect your interests, but hurt your chances as a buyer. The bottom line.

Marketing 462

Marketing Sellers Buyers Inspection 462

Housing Wire

OCTOBER 10, 2024

By most standards, I’ve had a highly successful career in real estate — as a Keller Williams Mega Agent, Broker-Owner, and bestselling author. For the past 14 years, I’ve had the privilege of coaching some of the nation’s top-producing real estate agents. Now, the buyer wanted the agent to pay for the repairs.

Real Estate 426

Real Estate Real Estate Agent Agents Clients 426

Miller Samuel

NOVEMBER 30, 2018

One group not explicitly mentioned in the petition but impacted down the road are real estate agents and brokers. Those are "PiW" loans or have a "Property Inspection Waiver." If the buyer realizes they overpaid for the property, the agents are now the professionals with the bullseye on their back.

Appraisal 300

Appraisal Inspection Real Estate Agent Agents 300

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

Real Estate Agent 364

Real Estate Agent Real Estate Brokerage Sellers 364

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Have you ever had a friend buy or sell with another agent? That would be amazing, thank you so much!” Stay top of mind.

Real Estate 451

Real Estate Open Houses Agents Sellers 451

Housing Wire

FEBRUARY 21, 2024

Curbio , a provider of pre-sale home improvement services that requires payment at closing, will provide its “Build Your Own Estimate” mobile app to NAR members, which offers free repair estimates for home inspections upon the upload of a PDF document.

Home Improvement 402

Home Improvement Realtors Real Estate Agent Inspection 402

Housing Wire

OCTOBER 1, 2020

. “Clients don’t think of buying a home as multiple things, they don’t think, ‘Well I’ve got to get a mortgage, I’ve got to get title, I’ve got to get an appraisal, I’ve got to find a real estate agent, I’ve got to get an inspection,'” said Farner.

Advertising 459

Advertising Real Estate Agent Mortgage Real Estate 459