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
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!
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. In what I found to be a pleasant surprise, the sellers of the two homes I put offers in on were offering buyer broker compensation. I could have increased my offers.
After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on their behalf. In most cases, a buyer wants to get a fair deal on a house that the seller wants to sell at a fair price. I calmly reply, I understand.
Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. In this article, weve compiled 49 compelling real estate newsletter ideas and subject lines. So, where do you start?
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?
Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Your HW+ Membership includes: Unlimited access to HW+ articles and analysis. One kid will give $4 instead of $1. One kid will give their parent’s car.” This content is exclusively for HW+ members.
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. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.
Like you, as a real estate agent, I have prepared many reports analyzing pricing trends to help provide guidance to buyers, sellers and investors alike. In this article, I’ll share the steps, what to include, what not to includes, and how to assemble a CMA report that’ll impress your clients.
The home’s seller was a single elderly lady who had no issues with the plumbing, and the young couple that bought the house had three children. The agent had recommended a sewer scope at the time of inspection, however, due to the expense, the buyer opted not to hire a plumber to inspect the sewer line… big mistake!
Related articles Free real estate practice exam + 7 study hacks to ace the real estate exam Real estate exam prep: The ultimate guide to acing your state’s real estate exam Step 2: Interview brokerages and select the best fit for you Notice I said “interview brokerages” — unlike a traditional job interview, you’ll be in the driver’s seat.
There had been nearly one-third of buyers who waived an inspection or appraisal contingency, but the last month it fell to just over 20% for both. While it is not the high seen during the First-time Home Buyer Tax Credit in 2010, it is also not the historical norm of 40% seen in the annual Profile of Home Buyers and Sellers report.
Joselin Malkhasian & Nicole Vermillion quoted in recent Boston Globe article On September 11th, Lamacchia REALTORS® Joselin Malkhasian and Nicole Vermillion were quoted in a new Boston Globe article discussing why agents say that the fall of an election year is the best time to purchase a home. “The
This article will break down the complexities of the appraisal process, providing you with the essential knowledge to navigate this critical aspect of real estate transactions with confidence. Unlike a home inspection, which assesses the physical condition of a property, an appraisal focuses solely on determining its fair market worth.
A recent article in the Wall Street Journal suggested that home sellers might want to have their homes inspected before listing them for sale because knowing the property's condition might help with the sale.
Sellers want to capitalize on how much they can sell their homes for. This article is not intended to poke fun at people that suffer from different illnesses. They take a lot of work after the inspection is completed. Thanks so much for continuing to read my articles, as well as those of my guest bloggers. is it depends.
I hope you find her article to be helpful! Therefore, you don’t have to fix or account for any issues that might be discovered in a professional home inspection issued by the buyer. I hope her article gave you some things to think about if you find yourself in this situation. I think Betty made some excellent points here.
According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. Buyers are pulling many different strings in order for their offers to be accepted including offering sellers significantly above list prices. They are also offering to meet the sellers' closing dates or to purchase the homes "as is."
Anything the seller can do to minimize the work buyers need to put into the home can help add to its value. That being said, we look at certain items on our inspections that play into the final valuation depending on the home.”.
They repeat the mantra “Home buyers and sellers will always need a real estate agent.” In this article, I will explain the history of AI, the projected financial impact on real estate and the cutting-edge tools available today for savvy agents. So how can real estate agents be so cavalier about their job? Chatbots nurture leads.
Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well. This way, you will have fewer negotiations with your buyer.
Enact’s David Foster recently spoke with MortgageOrb about how the COVID-19 pandemic impacted inspections and appraisals, the changes we see today, and other appraisal factors to consider. Q: How have inspections and appraisals been impacted since the beginning of the COVID-19 pandemic?
Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?
When I appraise a home, I measure it, if the scope of my work involves physically inspecting the home, which it normally does. Here are some links to other articles I’ve enjoyed recently! An open letter to home sellers in a crazy market – Sacramento Appraisal Blog. SIZE MATTERS. Click here to visit their website.
A home inspection is like a test drive for real estate. Just as you wouldn’t buy a car without knowing its condition, a home inspection ensures buyers are aware of the condition of the home they are considering purchasing. Despite this advice, a significant group of buyers forgo the inspection. It’s a smart thing to do.
Especially if the repairs are on the interior since assessor’s usually do not make interior inspections. I explained why a full interior inspection is better. But they insisted on not having an interior inspection made. I had mentioned this in another article I wrote several years ago on tax appeals.
One of the most common questions we get from our home sellers at ListingSpark is “How do I determine what my closing costs are”? For this article, we are going to focus on the home seller closing costs we would typically see in Texas with a residential sale (commercial sales typically have a different set of fees).
Houston Home Sellers Guide Series #4: Preventive Home Maintenance Guide For Your Houston Home. This article is part of a Houston Home Sellers Guide Series outlining how we achieve these results. This article is part of a Houston Home Sellers Guide Series outlining how we achieve these results. more and for 4.3%
Sellers and buyers need to have a clear understanding of who can and will have access to the property in question. For sellers, they need a clear understanding of what showings, open houses, and inspections could entail. Access to the property is a common sticking point between sellers and buyers during a transaction.
Share this article with them and chat about the appraisal process. An appraiser researches available public information online and does a physical inspection of the home. If you’re an appraiser and you’re reading this, you already know the details. But do your customers understand how an appraisal works?
In addition to offering more than the asking price or a quick closing, some buyers agree to waive inspections. No matter how badly you want the property or how emotionally attached you are to it, you don’t want to buy a home without having it thoroughly inspected. Waiving an inspection can cost you a fortune.
Most would-be buyers and sellers believe the real estate "deal" is done at the signing of the contract. Issues typically arise after the home inspection, and those issues tend to result in another round of negotiations for credits or fixes. Here are three buyer tips for negotiating repairs after a home inspection.
The question should I sell my home for sale by owner or without a Realtor® is likely one asked by every home seller with the thought of trying to save money. It's important to reverse engineer the sales process as a seller as you will want to understand who your target buyer is and that is likely someone working with a Realtor.
You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Other users might be sellers, mortgage underwriting, banks, and contractors.
In 2022, these were the 10 most popular articles on our blog, covering a range of topics including market analysis, new developments, and homebuying tips. Whether you’re a seasoned pro or new to the world of real estate, these articles are sure to provide valuable insights and information. Seller Resources. Click Here.
Red Flags: The seller demands payment upfront. According to an article published in The Miami Herald , the FBI reported almost $1 billion was “diverted or attempted to be diverted” and wired to unlawful accounts in 2017. Looks can be deceiving, so be sure to ask for the paperwork showing that routine inspections have been performed.
The Buyer’s Inspection Advisory (BIA) is a disclosure that is included with the Residential Purchase Agreement (RPA) when you make an offer on a home. Simply put, it is advising the buyer to have a professional inspect the property. In this case, the Buyer Inspection Advisory is for the buyer. SQUARE FOOTAGE, AGE, BOUNDARIES.
Handling property condition concerns on the appraisal report That said, if photos or notes outlined in the appraisal report cause concern for the reviewer, further inspection or repairs may be required. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.
Recently we wrote an article on 10 simple steps to buying a home in Raleigh, NC, and one for Huliq.com, in which we tackled some of the common things buyers must consider, and we wanted to address this important topic with our LOCAL audience here in Raleigh, NC. Home inspections This should be a necessity for anyone who is buying real estate.
It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. But you may need to ask the seller to make repairs—or foot the bill yourself—in order to keep your VA loan moving forward. You can ask the seller to pay for them, or possibly pick up the tab yourself.
It took some negotiations, but you and the seller have come to terms. Here are five things every home buyer and seller should know about last-minute negotiations or credits. Buyers may ask for credits based on property inspections. Once inspected, the buyer may still be interested in pursuing the sale. Or have you?
We are experiencing a shift from the sizzling hot seller's market we have had the past couple of years to a more balanced market. Ask the sellers for their records of when their HVAC system was last cleaned and checked. Be sure to get the HVAC system checked out by a professional during your inspection.
Requests to sellers to pay closing costs. Timeliness and types of inspections. Regardless of the strengths and weaknesses of the competing offers, the seller can only negotiate one offer at a time until there is a binding contract. If the seller does not find the initial offer acceptable (e.g., Inspections.
In fact, according to an article on Realtor.com, the national inventory of active listings declined by 53% over last year. It's All About the Sellers It's a super sizzling seller's market right now and home values are rising. Sellers are in charge and if you're trying to buy a home, keep this in mind.
When I made my inspection, I measured the property. Perhaps the sellers had a pool of buyers looking for homes to buy in this area. Whether or not the seller makes a lot of money on the deal is none of my concern. Here are some links to other articles I’ve enjoyed recently! I searched for some comparable sales.
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