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The checklist covers such broad areas and topics as: organizational structure; litigation; compliance ; intellectual property; real property; financial and tax; labor and employment; material, vendor, and software contracts; insurance; and customers. Are those agreements assignable to the buyer? Patent & Trademark Office.
Real estate agents and real estate brokers are both licensed real estate professionals who can assist buyers and sellers, but you should be aware of some key differences and state-specific distinctions. A real estate agent is a licensed professional who represents buyers or sellers in real estate transactions. Let’s dive in!
The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. Here is an example of how that might work.
No cold calling, no door knocking just (patiently) educating new and move-up buyers with quick-hit educational TikTok videos. ” Vetted pro tip: 10x your social media KPIs with Coffee & Contracts Want a shortcut to social media stardom? Can you really gentle parent your way to real estate success on TikTok?
Visit Altos Research Sources: Altos Research Buyer statistics Part of being a great buyers agent is getting inside the mind of a buyer. You can do just that by reviewing real estate statistics that quantify the behaviors, decisions and trends of the mass buyer population. 89% of sellers used an agent to sell their home.
Lease-purchase arrangements are receiving renewed attention from legislators looking for ways to make homeownership more accessible, and theyre a great way to help buyers who cant qualify for a traditional mortgage or pony up the money needed for a down payment. But that doesnt mean there arent risks involved for potential purchasers.
A post shared by The Agency (@theagencyre) Actionable Insights High-quality visuals can elevate your brand and attract more clients Showcase aspirational properties to capture the attention of luxury buyers 2. Visit Coffee & Contracts 15. His style is a breath of fresh air among real estate content.
Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. Lamacchia Realty is using its own buyer representation agreements , and I found the form straightforward and easy to understand.
In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.
An appraisal gap clause can be written into a contract. It states that the buyer will still purchase the home at the contract price, even if the appraised value is lower than the contract price by a certain amount. In this hot market, it’s not surprising that this type of clause is being written into some contracts.
If youre reading this article, youre not alone. These roles include: Buyers agents: These agents focus on helping clients purchase a new home. They handle property searches, showings, and contract negotiations. Its a big decision to make whether youre just starting or want to take your career to the next level.
This article is part of our Housing 2022-23 forecast series. In the first few months of 2022, primary-residence buyers and second-home buyers (investors and vacation buyers) flocked to the market at a frenzied pace under the correct assumption that mortgage rates would rise.
I’ve been consuming more news articles, blogs, and podcasts than ever before, but there are always some questions that never seem to get answered. In other words, why are appraiser estimating market value below the contract price so often? Many will say, we have a willing buyer and seller, so we have an indication of value.
Our housing market tracker counts weekly active single-family listings, those homes that aren’t in the contract, and the raw available number of homes for sale. This is why the Altos Research numbers we cite are always smaller than the NAR numbers, which accounts for all home types and those in contract.
Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. While telepathy isnt an option, predictive analytics will get you pretty close. There are also marketing add-ons available.
The company said it would complete purchases that are under contract but not closed, and will continue to work on reselling existing inventory. Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. Zillow has declined to comment on its decision beyond an Oct. More will be known Nov.
In this article, we’ll review Top Producer’s comprehensive suite of solutions and the benefits of each tool in the Top Producer arsenal. FiveStreet: Gone are the days when you could get back to a buyer inquiring about a property in a day or two. Today, buyers expect an immediate response to their inquiries.
But in an era where nearly everything begins with a Google search, the way buyers connect with agents has changed dramatically. According to the Zillow Consumer Housing Trends Report, released in October, a full 37% of buyers found their agent online compared to only 31% who connected with their agent through a traditional referral source.
This article is part of our housing market economic update series. These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers.
The complete Marketing Center, including automated marketing, is fully integrated with the Market Leader CRM Contract requirements: Six-month contract How does Market Leader work? Live training, on-demand articles and videos, live product support, and the Million Dollar Pipeline program are also available.
A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. Similarly, commission disputes can arise when a buyer-client ultimately purchases a property shortly after the relationship with their real estate agent ends.
According to the park manager Pete Houghton, who was mentioned in an article, “Where the Ducks Walk on the Fish” , this attraction draws over 300,000 visitors a year. TODAY’S HOME BUYERS ARE LIKE THE CARP. This year, it appears that buyer panic is even worse than last year. That is a lot of bread!
In this article, we explore nine exceptional real estate lead generation companies that can supercharge your lead generation efforts, each with its unique strengths and limitations. While there’s no one-size-fits-all solution, plenty of customizable real estate lead generation tools exist to make your life easier.
This will help you meet the type of buyers you want to connect with. Check out Curb Hero Check out the article below for a list of more real estate apps and digital tools that’ll sync with your database and help with open house lead follow- Related articles Best real estate apps for agents in 2024 2.
On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. Sales and new pending contracts are below pre-pandemic levels. Buyer interest has increased over the past few months, but showing activity is still much lower than it would be in a typical spring market.
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 open house or set up a private showing on listings that look great online. This was a decade ago, so prices were much more buyer-friendly.
Whether you’re looking for exclusive leads or simply aiming to boost your website traffic, this article will help any real estate agent or broker learn how and where to buy real estate leads in 2023. The program is designed to help agents connect with buyers, improve their brand recognition and convert leads into clients.
What we would like to focus on for the purposes of this article are the top 10-20% premium properties in your market. Use this tool: Coffee & Contracts Thoughtfully designed by former real estate agent Haley Ingram, Coffee & Contracts offers a suite of upscale social media templates for every social platform.
The Fed: The Federal reserve is the single biggest buyer of agency mortgage backed securities (MBS) in the world. If the fed continues to slow or stop, something which is inevitable, the supply imbalance will force rates higher as MBS prices drop in search buyers to take up the excess. Click image to expand.
However, what is different this year from 2023 is that we have more sellers that will be buyers. That means that our weekly pending sales contract data is showing growth year over year. Look for that tracker article every Saturday so you stay up to speed on what is happening in real time.
Notably, the market has contracted as fewer buyers can afford to purchase in today’s market with the rise in interest rates and the continual rise in home prices. One way to understand the competitiveness of the market is to look at buyers who are waiving contingencies. All cash buyers now stand at 24%. Historically 2.5
Visit Top Producer Related Articles The 9 top real estate lead generation companies for 2024 6 best real estate lead generation websites for 2024 The ultimate guide to real estate lead generation ideas for 2024 2. The content and consistency that Coffee & Contracts provides really makes it easy to have a good-looking Instagram grid!
This article originally appeared in the February 2025 edition of MortgagePoint magazine, online now. The mortgage industry has experienced significant contraction over the past two years, adjusting operations to align with the reduced demand for refinance and purchase financing. interest rates for the current 6.5%
From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% An index of 100 is equal to the level of contract activity in 2001.” in October. Year-over-year, signings fell 1.4%.
In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. “It It is keeping the pressure on buyers to shop wisely,” Kent Redding, a local Berkshire Hathaway Home Services agent, said. The buyers have started coming back.”
It created a massive demand for home purchases as consumers competed to win a sales contract and get a home with a low single digit interest rate. It boxed out many first-time homebuyers who found themselves unable to compete against buyers willing to place a non-contingent offer above full price.
The article clarified why they consider these dollar-for-dollar adjustments a good thing. Supervisor: So, if a seller of real estate agrees to transfer $10,000 in cash to the buyer at closing, how much extra do you think that seller would want the buyer to pay for the house? The “great concern” they cite is appraisals where 4.4
In this article, I’ll share close to two decades of experience as a licensed agent and small brokerage owner in Boston to help you compete and win listings with a dynamite listing presentation. Seller / Buyer/ Balanced). There is no advantage to either buyers or sellers in this type of market. It’s that simple.
This trend has made it easier for buyers with financing and other contingencies to purchase a home. Also helping buyers is an increase in housing inventory, Ridenour Lindsey said. “It And our buyers that do get under contract are a little bit more skittish and quicker to cancel, so I have seen a high number of back-on-markets.”
Below, Potter answers questions about the housing industry: HousingWire: What is your current favorite HW+ article and why? Jeremy Potter: My favorite HW+ article is Bill Conroy’s The crypto mortgage is the new kid on the block because it helped me frame up many of the emerging tech plays in the industry. Jobs that create houses.”
This article is part of our 2022-23 Housing Market Forecast series. Six percent mortgage rates have also priced some buyers out of the market. Second, know that even as the housing market resets in 2023, there have been contractions on both the buyer and seller sides.
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. The likelihood of the listing agent selling a pocket listing to a direct buyer without their own agent increases greatly with pocket listings.
The buyers paid cash. I must admit, in the past year, there have been times when I have felt like many buyers don’t really care about value anymore. While it may seem like many buyers don’t care about what the market value of a home is, I think that we must be careful to not make that assumption. MULTIPLE BIDS.
Summary Market Leader Agent Image LabCoat Agents Coffee & Contracts Luxury Presence RealGeeks iNCOM ProspectsPLUS! Rather than pushing leads to multiple agents at once, Market Leader pairs potential buyers with the best suited agents for them, eliminating the competitive mad dash and ensuring a calmer process for everyone involved. (A
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