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New construction vs. resale homes: How agents can guide buyers in today’s market

Housing Wire

With high prices and still stiff competition, those looking to buy a home in today’s real estate market need to consider every opportunity, including the choice between new construction or a resale home. Census Bureau, the median sale price of a new construction home in March 2024 was $430,700.

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10 ways to use virtual reality technology in your real estate business

Housing Wire

VR market research provides agents with a realistic and interactive platform to test property designs, explore potential renovations and assess the impact of various factors on buyer perception. Enables design visualization Selling a property that is under construction poses a significant challenge compared to selling an existing property.

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Opinion: Can tech and iBuyers fix the real estate market?

Housing Wire

Proprietary analytics and external data sources, backed by a microservice architecture that connects them all via APIs, can feed optimized recommendations and assessments for any part of the sale — valuation, tax, credit score, loan rating, insurance rating, title and closing costs.

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Circa 1990: Exploring kitchens and baths from ‘the age of beige’

Inman

Construction methods and materials, mechanical, windows and design features require updating and renovation to meet the needs of today's buyers. Houses of this period, whether single-family or multifamily units, are hitting the market all across the country.

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Unexpected Maintenance Needed on Old Homes

Eppraisal

If you’ve fulfilled your dream of owning an old house, you know there’s so much joy in its timeless charm, unique architectural details and rich history. However, these architectural gems require consistent maintenance — often much more than newer properties.

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7 Top-Rated Appraisal Job Aids (Free for Members)

McKissock

Renovation and Remodeling Appraisal Considerations When appraising proposed modifications, remodels, or renovations to a residential property, appraisers must decide the feasibility of the modification, if it adds any contributory value, if it extends the remaining economic life, or possibly improves the property’s marketability.

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Is Buying a Historic Home Right for You?

Zillow

Others prefer older homes, with character and charm they can't find in new construction. As a result, renovating and altering a historic home - particularly the building’s facade - will require a separate layer of approval and sometimes bureaucracy. As a result, renovations and planning can take longer and cost more.