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. Our agents see that as a positive, as it encourages more communication upfront and increases transparency around fees.”
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. But the seller only agrees to pay 1%.
Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment. In this blog post, we will delve into the concept of the Law of Diminishing Returns and explore how realestateagents can utilize this knowledge to effectively price their listings.
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.
Some people will say that it is market value because you have a willing buyer and a willing seller. 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. There is a difference.
Getting pre-approved tells the seller that you're serious. 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. Most realestateagents will meet this criterion, but it's good to check first.
Though we’re currently in a seller’s market, it’s still vital to set the right price for your home if you want it to sell profitably — and fast. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat. Work with a skilled realestateagent.
Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars. Realestate is a long game.
A great skill to have for a realestateagent, or anyone in the realestate industry, is the ability to download sales data from your local MLS and import it into a spreadsheet program like Excel or Google Sheets. This information can be used to advise sellers on how to price in this situation.
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). Listings can be helpful for agents in pricing a property, but they only tell half the story. 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. You, the seller, the buyer, the lender—heck, even the mailman, are all shocked the deal has fallen apart. 4) “Bracketing” of most major features. (No
Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable. Realestate is a long game.
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.
The degree and cost to cure becomes an issue to buyers and sellers, and a challenge for appraisers. 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.
KEY RESOURCES: Study Of How Previous Pandemics Affected The RealEstate Market. Avoid 9 Costly Mistakes Sellers Make. 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. 2020 ended favoring sellers. Need To Sell?
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. There is already an increasing demand for refis and home buyers and sellers. They started with a Template and Auto Adjustment.
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