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Since we now need to have a signed agreement with our buyers before we take them on tours, we have an earlier opportunity to have a longer conversation with them and to sell ourselves. I predict these “buyer presentations” are going to start having as much depth to them as our listing presentations. We need to own it, too.
Think of it as ROYGBIV, but instead of helping third graders learn color theory, it will help you convert more cold buyer leads with less stress. Its powerful stuff, especially for new buyer agents. The LPMAMA script cuts right to the heart of a buyers needs, wants, dreams and financial ability to achieve them. Short on time?
Real estate wire fraud—a scam in which a buyer is tricked into wiring funds to a fraudster—has surged as home prices have risen. To prevent fraudsters from getting access to your email account, consumers should be cautious of opening attachments or downloading links from suspicious emails.
Check out these nine downloadable real estate prospecting letter templates to help you make an impression in your neighborhood or zip code. 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!
Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) Download now to learn the advantages of using Trellis for Real Estate Leads today! The process is quick and easy — and all in real time. How many Real Estate Leads do you need?
Buyer representation has become one of the hottest and most debated topics of the year. Amid the lawsuits and non-stop news coverage, one major question has emerged: What is buyer representation and why does it matter? Unless you’ve sworn off all forms of media, news, and the internet (in which case, how are you reading this?),
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.
Immediate sales If sellers are growing we need to know if buyers are growing too. We have more buyers than sellers this time of year so the active inventory of unsold homes ticked down this week. And the spring buying season will have improved selection for home buyers. It’s not a ton of sellers. But it is growing.
Open houses remain one of the best ways to showcase a property and connect with potential buyers. From tech-forward tools to smart follow-up strategies, there’s a sign-in solution here that can help you grow your business and build valuable connections with buyers.
You should have downloaded one of those open house apps HousingWire was telling you about. You log in to check your email, and responses from potential buyers at yesterdays open house are already waiting. This open house sign-in app automates your follow-up by sending emails for you and highlighting your most engaged buyers.
The new rules mandated by the National Association of Realtors ‘ (NAR) settlement of class-action lawsuits related to buyer agent commissions take effect in just two days, and brokerages and MLSs are scrambling to find the best ways to implement them.
Realtor.com is extending the reach of its buyer representation advertising campaign, according to an announcement on Monday. The listing portal argues that since sellers have an agent looking out for their best interests, buyers also deserve the same level of support.
The Consumer Federation of America, an industry watchdog, says that the buyer agreements you're depending on are woefully inadequate to properly protect homebuyers.
Rates are falling now and if that continues, buyers will jump and inventory will fall well into the first quarter of 2024. These sellers have been matched by an increase in buyers, too, so there were 10% more immediate sales than last year. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business”
We know that these higher mortgage rates are deterring buyers, and inventory is building. I still feel like the biggest risk for housing this year is too much inventory growth, with fewer buyers and more sellers. And we can absolutely see the impact on home buyers. Will sellers retreat entirely, like they did last year?
One of the most downloaded white papers in July takes things a step further: Titled “ Creating an invincible lending strategy refresh amid chaos ” from Candor, this white paper illustrates how lenders can use today’s challenges to their advantage. The post July: Market Update for Housing Marketers appeared first on HousingWire.
Inventory is slowly but steadily increasing over last year, which means slightly more options for buyers this spring. This implies that there are more than enough buyers at these prices and these mortgage rates to keep activity happening in housing. The last week of data for the year U.S. Sales rates are climbing.
Predictive analytics in real estate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Market Pulse: Identify local market trends in real time with downloadable graphics to use in your marketing campaigns.
In fact, according to a new report from real estate brokerage Redfin, a whopping 63% of last year’s buyers made at least one offer sight-unseen, never setting a single foot inside the property before putting in a bid. In total, sight-unseen offers are now up nearly two-fold since 2018, when just 32% of buyers bought homes from afar.
Last year there was still a lot more buyer momentum than sellers. This buyer momentum at the time led to 5% home price appreciation in 2023. Prices have been inching up, but there just isn’t enough buyer demand to push home prices higher — and this is the highest-demand point in the year. Last week, 30.5%
Everyone — from Michael Ketchmark to the consumer advocates behind Moehrl — is letting agents know that they're under scrutiny as they implement the new rules of buyer agreement and (not) commission-sharing.
Is the policy a power grab from NAR and the MLSs or a sincere effort to level the playing field for buyers? It seems everyone's talking about Clear Cooperation these days.
This is not a recipe to keep the home buyer momentum we saw building in December. Remember that the way to more selection for home buyers is with higher mortgage rates. Spring buyers’ market It’s the spring buyers market and inventory is falling each week. There are more buyers than sellers. A few years.
This week on The Download: How are you adding value to your buyer-side UVP now that RE/MAX has folded on its part of the bombshell commission lawsuits?
Price Reductions: The current rate of price reductions tells us that there are sufficient buyers for the current inventory, at current prices, and current mortgage rates. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” Just 31.4% Mike Simonsen is the president and founder of Altos Research.
In the face of so much rapid change and an often-frustrating lack of clarity from The Powers That Be, what the heck are you supposed to tell your buyers and sellers now?
Last year at this time, we were seeing surprising home buyer demand with rates having fallen to the low 6s. Last year at this time, we were seeing surprising home buyer demand with rates in the low 6s. It is simply very clear evidence of how home buyers wait when mortgage rates stay higher for longer. But we’re not there yet.
Price reductions increase We can really see how sensitive home buyers are to higher mortgage rates when we look at the price reductions data. It can be hard to communicate all this with buyers and sellers. If you need to help buyers and sellers see the actual data, you should join us at Altos.
When a potential buyer or seller lead searches for homes or a home valuation on Google, they are driven to your site by ads created and managed by Zurple’s advertising experts. How Zurple generates and automatically nurtures leads Here’s the four-step process Zurple uses to generate and nurture leads: 1.
If they have buyers, the price of the new listings spikes up quickly. Download the free Altos eBook: “How to Use Market Data to Build Your Real Estate Business” Small spike in new listings After the first of the year we always see early price signals with the price of the cohort of new listings each week.
For the title agent, it meant finding those documents, scraping or collecting them from a website or requesting them manually, then painstakingly scouring them (sometimes dozens to hundreds of pages long) before processing what that particular HOA required to close the deal as well as what would be required of the buyer.
Second, the settlement agreements envision claims made through a hand-filled claim form, a needless and time-consuming complication for a homebuilder that will be downloading this information from computer databases.” “I Dwiggins noted that unrepresented buyers also pose a major threat to the industry. It is not about our own needs.
Follow this link to download a copy to your computer ( [link] ). It includes insights from CoreLogic economists to help appraisers and home buyers understand the market. Active listings also provide insight into current seller and buyer motivations. If you are familiar with VBA coding, you can easily change the colors or labels.
One Realtor may prefer text while a loan officer might wish to use a technology integrated with her LOS and the buyer might only communicate via phone. Nor will all of them download an app that applies to only a percentage of their clients or files. So what’s the practical application of all this? The forms are many.
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