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 gap between buyers and sellers has been growing, but are we about to have an Indiana Jones moment in the housing market? I think many people are wondering that, so let’s talk about it.
Buyers are gaining power. And sellers are losing it. I have some new visuals to show what the market is doing right now. These are for Sacramento, but I suspect many areas look similar. UPCOMING (PUBLIC) SPEAKING GIGS: 7/20/2022 Beer & Stats at Out of Bounds (sign up (for real estate agents)) 7/26/2022 Navigating […].
Sellers have tended to be stuck in the past expecting the market to be hotter than it actually is right now. And some buyers are stuck in the future, […]. I love the original Back to the Future movie. Do you too? Well, I can’t help but think of today’s housing market compared to the film.
When the National Association of Realtors (NAR) first started its Profile of Home Buyers and Sellers in 1981, it found that single women were the second largest demographic in the U.S. “In 1981, 73% of home buyers were married couples, 11% were single women and 10% were single men.
That pretty much describes sellers. But in 2024 there’s a flicker of hope as sellers have thawed out just a bit. UPCOMING (PUBLIC) SPEAKING GIGS: 01/31/24 Joel Wright […] The post Are sellers finally starting to thaw out? first appeared on Sacramento Appraisal Blog. Any thoughts?
Seeing more buyers and sellers able to participate is absolutely what we want to see. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog.
The Urban Institute (UI) says it appears that the current sellers’ market is having a negative impact on government backed loans and the borrowers who need to use them. The post Sellers Are Rejecting FHA/VA Backed Offers; Buyers Passing Instead of Compromising appeared first on Appraisal Buzz.
The housing market has shifted, and today I have some practical advice for buyers and sellers. This is coming from hundreds of conversations every month as well as stats I'm pulling. Some new memes too. Enjoy if you wish. UPCOMING (PUBLIC) SPEAKING GIGS: 8/11/22 Realtist Lunch & Learn (sign up here (open to anyone)) 8/15/22 YouTube
Sellers have been sitting out of the housing market, and it’s made a massive difference in 2023 so far. UPCOMING (PUBLIC) SPEAKING GIGS: 5/4/23 Housing Market […] The post Sellers sitting out of the housing market & buyers getting concessions first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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. Your newsletter content should be a mix market updates, buyer and seller advice, community news and events, and storytelling.
There is so much talk about buyers sitting on the sidelines right now, but let’s talk about sellers who are also sitting. This is a local trend, but it’s something showing up in many markets across the country also.
Sellers haven’t had to negotiate much with buyers over the past two years, but that’s starting to change. Let’s talk about this today by looking at seller concessions (credits for repairs, help with closing costs, etc…). I hope you enjoy, whether you’re local or not.
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […].
Dear Sellers, How are things? I hope all is well. The housing market is so chaotic right now, so I wanted to share some thoughts and advice that I thought might help. This is coming from a good place and it’s based on observations and conversations with the real estate community. I hope this helps. […].
Sellers are hibernating. It’s been striking to see sellers sitting back so far in 2023, and it’s really starting to create more competition for buyers. Let’s talk about it. Scroll by topic or digest slowly.
This is my last blog post of 2024. Thanks for being […] The post Three things to expect in the housing market in January first appeared on Sacramento Appraisal Blog. Today, I have three quick points, and while these visuals are specific to my area, some of the language use can be used in many different markets.
The number of sellers who have not listed their homes this year is really starting to add up – not to mention a growing pile of buyers. UPCOMING (PUBLIC) SPEAKING GIGS: 9/26/23 Orangevale […] The post Pent-up demand & glowing new construction first appeared on Sacramento Appraisal Blog | Real Estate Appraiser.
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.
How are appraisers handling concessions to the buyer? Could a seller credit damage the chance of appraising at the purchase contract? first appeared on Sacramento Appraisal Blog | Real Estate Appraiser. These questions weren’t asked a year ago, but welcome to the 2023 housing market.
But is it because sellers are rushing to list their homes? We’ve seen a massive change with housing inventory. That’s not the culprit. Let’s talk about supply and some things on my mind about today’s market.
The goal is to give some perspective and advice to sellers […] The post The insurance crisis is affecting the housing market first appeared on Sacramento Appraisal Blog.
Just hours after securing a victory for his home seller clients in the landmark Sitzer/Burnett commission lawsuit, Michael Ketchmark, the lead attorney for the plaintiffs, filed another class action antitrust lawsuit against some of the real estate industry’s biggest players, in U.S. District Court for Western Missouri.
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. Typically, it’s the one buyer that is willing to pay the most. What about the other bids from buyers who were willing to pay less? But not always. Okay, maybe not.
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.
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. Online real estate platforms, local newspapers, and real estate blogs are valuable sources of information.
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. The Fed’s initial cut is likely to bring more buyers and sellers to market, potentially opening the inventory floodgates and momentum for price competition. 18 announced its decision to cut the Fed Funds rate by half a percentage point.
The housing market is definitely heating up for the spring, but it still feels frozen with so many buyers and sellers sitting right now. I recently talked about sellers sitting out of the market, but today let’s look at buyers.
UPCOMING SPEAKING GIGS: 10/18/24 […] The post The hot mess of concessions in real estate first appeared on Sacramento Appraisal Blog. It feels messy that concessions information is no longer in MLS, there’s some confusion about how appraisers are handling some of this, and we have a new question to ask. Let’s talk about it.
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. She had a mountain of offers and sent me a spreadsheet of them once she had obtained the ‘highest and best’ from all the potential buyers. But what offer will the seller accept $400,000.
We negotiated to get the sellers the highest price possible. There are still plenty of buyers interested in this area. In fact, we had (number) offers, which means there are still ready, willing, and qualified buyers eager to make an offer! Many of us are in sellers’ markets with very low inventory.
Can we ask if the buyer is represented now? Can we even discuss things about the house because if we inform the potential buyer of something about the house that makes them not want the house, even if it isn’t something necessarily bad, are we going against our agreement with our seller?”
Sellers are starting to realize that we are no longer in the same market as we were in 2020-2022. Some of this is seasonal, but a good portion of the declines recently is due to buyers not being able to afford as much as they once were due to the rate hikes. How much of their list price can sellers expect to see in future months?
While median sales prices are increasing at a nice clip, sellers are pushing the envelope with their asking prices. There is still strong buyer demand. Yet another sign of high buyer demand. Feel free to unsubscribe from this blog at any time. You can also listen right here at Cleveland Appraisal Blog!
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.
Real estate prospecting is a necessary activity for agents aiming to build a robust pipeline of buyer and seller leads. However, it often yields quicker results as it entails direct engagement with potential buyers and existing property owners. It could be next week, it could be next year. Why not join them?
They repeat the mantra “Home buyers and sellers will always need a real estate agent.” Benefits of using today’s AI tools Create content When ChatGPT launched, real estate agents were immediately drawn to its ability to write listing descriptions and blog posts. So how can real estate agents be so cavalier about their job?
Visit the Cleveland Appraisal Blog for expert advice and assistance. Jamie Owen of the Cleveland Appraisal Blog is a certified residential real estate appraiser, here to help with your appraisal questions and needs. Thanks for being here and to read articles from the Cleveland Appraisal Blog! – Birmingham Appraisal Blog.
Similarly, data-driven marketing can be more cost effective, helping you focus your marketing budget on homeowners who are most likely to sell, and on buyers who are actively looking for their next home. If you want seller leads and already have a CRM you love, Offrs + RAIA is an excellent choice. Need more examples?
TODAY’S HOME BUYERS ARE LIKE THE CARP. This year, it appears that buyer panic is even worse than last year. It could be that interest rates are now creeping up, which has some buyers panicked that they their buying power is shrinking. But buyers should think seriously about how much they are willing to spend right now. .
” The Oakland, California-based company offers an online marketplace where buyers and sellers can both buy and sell rental homes in more than 70 U.S. Some of these properties have tenants already residing in them, giving investors the opportunity to buy and sell the home without the renters being forced to vacate. .
New findings from the National Association of Realtors (NAR) show a fresh picture of who’s buying and selling homes, with more first-time buyers entering the market and families looking for homes that fit multiple generations. To truly stand out, include hyperlocal blog content that resonates with your target market.
UPCOMING (PUBLIC) SPEAKING GIGS: 01/12/24 Prime Real Estate (private event (I think)) 01/17/24 Gateway Event (private) 01/30/24 Joel Wright & Mike Gobbi Event 9am (on Zoom here) 2/09/24 […] The post Real estate trends to watch in 2024 first appeared on Sacramento Appraisal Blog.
Buyer and seller-specific landing pages: You’ll want a site that offers visitor-specific content pages. For example, buyers will want to browse listings while home sellers visiting your site will appreciate your free home valuations. For example, if listings are scarce, you can filter for listing leads over buyer leads.
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