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The National Association of Realtors (NAR) proposed settlement of litigation, recently given preliminary approval by the Court, has raised questions about whether buyers with limited resources, especially first-time home buyers , can afford closing costs. In a seller’s market, that may well occur.
In case you didn’t know, we’re living in a seller’s market. But even though home prices are at record highs , buyers are still in the market. Not only are they shopping, but they’re putting down offers well over the listing price. Are you in the market for a home? How to negotiate your home purchase offer.
“As a result, landlords can align rental prices, and tenants are limited in their ability to successfully negotiate counteroffers or seek discounts. The information is used to generate price-floor recommendations for landlords and their competitors, depriving the market of independent decision-making.
We all know that sellers hear what they want to hear and believe what they want to believe when it comes to how market conditions will impact the sale of their home. They believe their home is special and people will be knocking on the door with full price offers within days of hitting the market. The agent , of course!
As a buyer agent , it is your job to be the voice of reason, the buffer, and sometimes the peacemaker. Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. Making an offer. Constructing a real estate offer is an art. Number of days on market.
Depending on where you live, the market may move a little slower, but in most areas, homes are not staying on the market for long once they are listed. Your real estate agent will run what is called a comparative market analysis, or CMA, comparing your home to similar properties in the area that have recently sold.
Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. A home appraisal determines the fair market value of a home. In a stable market, there will be a good balance of homes being sold in urban or suburban neighborhoods.
This fall may look a bit different but soon enough the real estate market will hit its second busiest season of the year for home sales. If you are selling a home , it’s important that you do everything in your power to beat out the competition, especially as the 2021 fall market gets into gear.
Market data for real estate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. As we all know, market conditions fluctuate. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price.
Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Before you get too far into the process, take a look at the properties available in your target market or price range.
What constitutes a “lowball” offer, when is it appropriate or not appropriate and how can you encourage your buyer clients to stop insisting on offering a price that’s unlikely to result in an offer? By definition, a lowball offer is an offer that is significantly below market value.
We’ll cover everything from preparing your home for sale to navigating the complexities of the Texas real estate market, ensuring you have the knowledge to conduct a smooth, legal, and profitable transaction. This difference is typically due to factors such as limited market exposure, pricing challenges, and negotiation difficulties.
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