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
Commissions paid to realestateagents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Agents and consumers, many of whom started working together before August, are still adjusting to the new rules.
Three days before the new business practice changes mandated by the settlement of the National Association of Realtors ‘ commission lawsuit went into effect, HousingWire caught up with top realestate coach Skye Michiels to talk about how his agents are handling the big changes. How far is the agent going to take it?
If agents can use the same techniques an appraiser uses the likelihood of there being a big discrepancy between the contract price and appraisal is reduced. 3) Use bracketing when choosing comps- The technique of using sales that are larger and smaller than the home you are pricing is referred to as bracketing.
Appraiser and Agent Collaboration is a Good Thing The importance of collaboration between realestateagents and appraisers can be a touchy subject. On one hand, the realestateagent’s main goal is to advocate for their client while the appraiser must be an impartial and non-biased third party.
Whether you’re a seasoned realestateagent or a curious homeowner, understanding the dangers of outlier sales can help ensure a more accurate and fair representation of property values. The Agent’s Role in Pricing Pricing a home accurately is a pivotal step in ensuring a successful sale.
You want to choose the best price available Find an Agent Yes, it does cost money to hire a realestateagent. With an agent, you get a professional who knows the ropes. Ask around for recommendations so you get an experienced agent who puts you first. But it saves you a tremendous amount of time and stress.
This allows us to reach out to the lender and ask for what the agent used to assist their client in pricing/making an offer on the home in question (most lenders discourage this in any other transaction). Always a sale that is close in price to the subject contract. A recent sale.
You’re a realestateagent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. What just happened?
Appraisers sought to bracket the subject using three comparable sales. We have learned how to address areas that tend to be sticking points for Fannie Mae and Freddie Mac, such as bracketing elements of comparison. It could be a realestateagent, a home inspector or even a part-time Uber driver looking for some easy money.
There are numerous other reasons why you might want to sell your home without an agent, such as saving money and maintaining control. In modern practices, there are plenty of online tools homeowners can use to navigate the market, negotiate deals, and successfully sell their homes without hiring a realestateagent.
For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. Houston realestate is hyper-local, some areas are doing better than others. Properties are still going under contract. 2020: #1 RealEstate Team, Keller Williams Memorial.
This is written for realestateagents, but very useful for appraisers. If they don’t hit the sales price by bracketing, they will throw out a lower sale and go get a higher one. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) decreased to 6.67
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