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
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. Is the seller subject to a probationary review? This is a potential minefield.
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!
There seems to be continued debate among appraisers, reviewers, and underwriters regarding seller concessions. A particular point of contention in this debate is whether or not it is appropriate to adjust seller concessions on a dollar-for-dollar basis. You just learned the basics of handling seller concessions!
The market action index is 37, indicating that there is a slight seller’s advantage. 89% of sellers used an agent to sell their home. 70% of sellers are repeat sellers, 30% are first-time sellers. 70% of sellers are repeat sellers, 30% are first-time sellers.
With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.
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. The homes I toured all went under contract within a week of being listed and, so far, at least two have sold for more than $20,000 over asking price. I could have increased my offers.
Under a lease-purchase arrangement, the property seller also acts as the landlord. The buyer rents the home as a tenant first, typically paying an up-front fee or down payment under an option contract to preserve the right to purchase the property within a set time period. Market Embraces Wave of Business Players About 2.4 million U.S.
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. Real estate agents can use this data to identify motivated sellers and people who are likely to buy a home. What does this mean for you?
While the settlement does not address this issue directly, the Department of Justice (DOJ) Statement in the Nosalek lawsuit does: Buyers would have the ability to request in their purchase offer that the sellers pay a specified amount to the buyer broker from the proceeds of the home sale. In a seller’s market, that may well occur.
If youre reading this article, youre not alone. They handle property searches, showings, and contract negotiations. Sellers agents: Listing agents specialize in representing sellers. Teams that use Ylopo can give their agents a serious edge when it comes to reaching more buyers and sellers and turning leads into deals.
Tip 3 – Create collateral to leave behind Example door hangers from Coffee and Contracts Collateral refers to tangible marketing materials, and you want to have a bunch to leave behind when youre knocking on doors. If you need some design inspiration, look no further than Coffee and Contracts. Im [Name].
In this article, we’ll review Offrs’ suite of products designed to help agents laser-focus their marketing efforts on leads with the most potential and automate processes. It will help you identify sellers very early, giving you access to them before they’re talking to other agents. Want to learn more?
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.
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. SmartZip primarily benefits experienced listing agents, yet any agent willing to nurture seller leads can thrive with this platform.
A typical commission dispute arises when, after signing a listing agreement or buyer-broker agreement: A seller-client “cancels” a valid purchase contract. A seller-client cancels a listing. A seller-client permits the property to be foreclosed upon. Patrick MacQueen is the founder of Medalist Legal in Chandler, Arizona.
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? You can purchase exclusive leads every month, including lead insights on sellers visiting HouseValues.com. One caveat is that this is a long game.
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.
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.
This article is part of our Housing 2022-23 forecast series. The market has now faced a contraction in existing-homes sales for nine consecutive months, while home prices and rates rise. For the last two years, in many markets, sellers could expect an offer quickly and above list price in many instances.
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). Prepare a pricing strategy Many sellers think they understand pricing as well as you do.
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. Below, we evaluated several platforms to find the top eight lead generation providers agents can buy real estate leads from in 2023.
In this article, we’ll review Top Producer’s comprehensive suite of solutions and the benefits of each tool in the Top Producer arsenal. Check out Top Producer Related articles The 9 top real estate lead generation companies for 2024 The ultimate guide to real estate lead generation ideas for 2024 The 11 best real estate CRMs for 2024
SmartZip uses predictive analytics to pinpoint likely sellers from 6 to 18 months in advance, offering a huge advantage in today’s low inventory market. Use AI-powered lead generdation to identify high-priority sellers. Enhance your brand with custom landing pages designed to convert real estate seller leads.
This article will explore why referrals are losing ground, what todays clients expect, and the steps you can take to stay ahead in a digital-first industry. Summary Why referrals are losing ground to online searches How to meet the needs of todays buyers and sellers Steps to stand out: What sets your online presence apart?
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.
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? But what offer will the seller accept $400,000. The motivation of the seller is obvious.
This article is written by Brent Bowen – author, CE instructor, and Chief Appraiser at Texas Valuation Professionals, Inc. 2) Herd mentality – Each seller will be keenly watching the other sellers to see how they respond. Sellers that weren’t entering the market out of necessity have this option.
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.
How do you convince the sellers of $15 million homes to work with you? What we would like to focus on for the purposes of this article are the top 10-20% premium properties in your market. Visit Coffee & Contracts 2. Depending on your market location, luxury properties might be priced at $500,000 or $50 million!
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.
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. Related articles 30 inspiring curb appeal ideas to make a lasting first impression 3.
Sales and new pending contracts are below pre-pandemic levels. Bright MLS’ recent survey showed that sellers in the Mid-Atlantic received an average of 3.4 This article is part of our ongoing 2023 Housing Market Forecast series. Selective sellers. All major housing market metrics point to a restrained housing market.
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. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. (Warning – This video is a little loud.
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%.
I actually met with some Minnesota community leaders about contract-for-deed targeting certain immigrant groups across the country,” Chopra said. You mentioned that ProPublica article that obviously had some very troubling allegations, I don’t want to comment on that in too much detail,” Chopra said.
First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them. In an extremely competive market?
For agents and sellers looking to succeed in Austin’s current market, Redding says pricing is key. “We We are still seeing properties going under contract quickly, so long as they are priced properly,” he said. Altos considers an index reading of 30 to be a balanced market — and anything above that to be a seller ’s market.
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!
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 means a massive contraction in demand for mortgages, tighter margins, corporate layoffs and “right-sizing,” and concerns about what the future may hold.
This article is part of our 2022-23 Housing Market Forecast series. Second, know that even as the housing market resets in 2023, there have been contractions on both the buyer and seller sides. Third, opportunities for both buyers and sellers will vary significantly across local markets.
If you target luxury buyers and sellers, it’s worth considering this investment, which also comes with the ability to choose a DIY or done-for-you build-out. It gives you a “first mover advantage”, providing robust follow-up tools that help you nurture potential seller clients with ease. The more authentic, the better.
This article is meant to help you understand how to read the new home sales data correctly, as that forward-looking tracking data is a bit different than the existing home sales market. Since most sellers are buyers, this data must return to normal before seeing real, long-lasting sales growth. Weekly inventory change (Sept.
Summary Market Leader Agent Image LabCoat Agents Coffee & Contracts Luxury Presence RealGeeks iNCOM ProspectsPLUS! per month plus $249.95 setup fee Jump to Details ↓ Visit iNCOM Best for direct mail marketing ProspectsPLUS! per month plus $249.95 setup fee Jump to Details ↓ Visit iNCOM Best for direct mail marketing ProspectsPLUS!
This article is part of our housing market economic update series. Twenty-eight percent of the home buying market last month was all-cash buyers, and for every home that went under contract, sellers saw 4.8 At the end of this series, you can join us on May 10 for a Housing Market Update webinar.
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