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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. A buyer in Austin, Texas paid $1 million over a home’s listing price. More for RealEstate Enthusiasts. Are you in the market for a home?
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. Here is an example of how that might work.
The Department of Justice (DOJ) continues to take aim at alleged antitrust violations in the realestate industry. As a result, landlords can align rental prices, and tenants are limited in their ability to successfully negotiate counteroffers or seek discounts. This type of conduct is egregious.”
However, I cannot promise you that the home will sell for this price because the realestate market is a lot like the stock market, it goes up and down and is very unpredictable. And I want to assure you that I will leave no stone unturned to find our perfect buyer.
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 realestate transaction process as smooth as possible for you and your buyer clients. Making an offer. Constructing a realestateoffer is an art.
Selling Your Home: 10 RealEstate Tips and Tricks When you bought your home, you likely felt a great deal of excitement, as well as some apprehension. For those that may want to try the for sale by owner route, it is important to remember that even the person who founded forsalebyowner.com used a RealEstate Agent.
Like making counter-offers and going through the home inspection process, the home appraisal can be a sticking point between buyer and seller. As a buyer, you're entitled to a copy of your appraisal report promptly and no later than three days before your closing date. Finding that rare all-cash offer isn't easy.
Market data for realestate can be a blessing when it comes to helping your listing clients respond to off-the-wall, low-ball offers. In one instance, you have sellers enjoying multiple offers on a property and achieving a nice percentage increase above their asking price. Then there are the extreme opportunistic buyers.
This fall may look a bit different but soon enough the realestate market will hit its second busiest season of the year for home sales. Motivated sellers attract motivated buyers. In addition, if you do receive an offer in the first week that is less than you hoped, think twice before you deny it.
This refers to anything that the seller gives or grants to the buyer. Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell realestate and the forms and clauses we use to do so. What is a seller concession?
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. What is a RealEstate Owned (REO) Property? REO properties are attractive to homebuyers or realestate investors for several reasons.
Once a suitable piece of vacant land becomes available, a prospective buyer must then determine what price is worth the acquisition. Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. Subsequently, the process of conveyance must proceed.
Let’s talk about lowball offers. 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? So do buyer’s credit scores , ratios and down payment funds.
We’ll cover everything from preparing your home for sale to navigating the complexities of the Texas realestate market, ensuring you have the knowledge to conduct a smooth, legal, and profitable transaction. Consider hiring a professional appraiser for a more accurate valuation.
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