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In the latest episode of the RealTrending podcast , Amy Stockberger — broker-owner of Amy Stockberger Real Estate — joins Tracey Velt for a tantalizing conversation that covers her teamerage’s unique “Lifetime Home Support” model and other ways that agents can provide value to home buyers and sellers. Stockberger: It’s very omnipresent.
However, Im confident well see a slight dip in interest rates to bring us to the low 6s and with a slight buy down, high 5s which will provide a window for motivated buyers who have been sitting on the sidelines to finally make their move. More buyers in the market mean more offers, which drives prices up for great properties.
Ive used thank you notes in my business for over a decade and even received referrals from people Ive met at networking events because they were so impressed by my immediate follow-up notes! Buyer after closing Dear (Buyer Name), It was a pleasure working with you! Thank you and your team for organizing such a great event.
On the balance, there are still more buyers with their eye on a purchase than there are houses on the market. If all economic factors, political factors and world events are fine, we just kind of flatline. I would say there are more buyers out there now than there were pre-pandemic when the rates were lower. as of Jan.
If homes are priced appropriately and marketed well, buyers will make offers. The buyer] got a deal,” Weinstein said of the $600,000 purchase price. This has taken power away from sellers, who now face a shortage of potential buyers. The buyers who are in the market are shopping for the usual reasons.
Jessica Lautz, deputy chief economist and vice president of research at the National Association of Realtors and upcoming speaker at the Housing Economic Summit, sat down with HousingWires Senior Director of Events Brena Nath to answer a few questions on what she thinks is to come for real estate in 2025.
millionare uninsured, leaving millions of homeowners financially vulnerable in the event of a disaster. The skyrocketing cost of insurance is adding another financial burden to homeownership, potentially deterring buyers. A new study from LendingTree reveals that 13.6% homesroughly 11.3 The analysis, based on U.S.
Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. Do you specialize in helping first-time buyers and sellers, or are you leaning towards working with real estate investors ? They may also be able to attend the event, bringing their audience with them.
With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Shallis, with over three decades of experience in the real estate industry has helped realtors, buyers, and sellers navigate all types of market conditions.
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? It also included physical activations such as out-of-home trucks and events at significant industry gatherings.
Bright MLS — one of the nation’s largest multiple listing services that covers six Mid-Atlantic states and the District of Columbia — recently polled buyer and seller agents on what their clients are thinking during their home searches, including thoughts on mortgage rate hikes that have plagued other markets. Another 23.5%
In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success. But beyond first-timers, we’ll show you how to attract real estate buyers of all kinds through a multi-tiered marketing approach that boosts both your visibility and credibility with potential buyers.
Other concerns include potential buyers requesting excessive concessions (72%) and backing out of a deal before closing (70%). Economic uncertainty also plays a role in sellers’ hesitation, with 29% saying they would delay selling in the event of a major downturn.
Buyers and showings are the most time-consuming pieces of the business. While managing listings can be relatively straightforward, handling multiple buyers requires a significant amount of time and effort. For instance, an agent can easily manage 30 listings simultaneously, but having just five active buyers can be overwhelming.
Additionally, with cooperative compensation removed from MLS systems, alongside the new requirement for buyer-agency agreements, agents must speak up and share their value clearly and confidently. To do so, develop strategies and programs that cater to buyers and sellers at every stage.
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.
When I first started in real estate , I thought my job was solely about helping buyers and sellers. Start with what matters to you Giving back can go beyond hosting large events or raising thousands of dollarsthough thats certainly an incredible goal. As time went on, the desire to go beyond that struck me.
At the 2024 Keller Williams Family Reunion event in Las Vegas, co-founder and executive chairman Gary Keller took the stage on Tuesday and spoke to a room full of real estate agents about the importance of buyer agency agreements within the context of the ongoing antitrust lawsuits. You are being accused of not being transparent. “If
The COVID-19 pandemic impacted the housing market like no event since the 2008 financial crisis, but some of the trends induced by the pandemic are starting to reverse. That’s evident in the annual profile of home buyers and sellers from the National Association of Realtors (NAR), which provides data on dozens of real estate trends.
Defendants in the Sitzer/Burnett class action lawsuit, which deals with buyer brokers’ commissions, are facing two fewer claims. The past few weeks have been eventful for the Sitzer/Burnett lawsuit, as well as the larger Moehrl lawsuit in Illinois, which also deals with buyer-broker commissions. Bough, a U.S.
If a condo is on this list, its significantly harder for prospective buyers to get a mortgage, making it nearly impossible to sell. Many condos are being added to a “blacklist” by Fannie Mae due to the properties not having enough insurance or needing major repairs. Some lenders and insurers have abandoned markets altogether.
In its statement of interest, the DOJ claims that the changes MLS Property Information Network (MLS PIN) proposed for its commission rule “still gives sellers and their listing brokers a role in setting compensation for buyers’ brokers. … When sellers make such offers, buyer brokers need not compete on price to attract buyers.’”
Seeing more buyers and sellers able to participate is absolutely what we want to see. UPCOMING SPEAKING GIGS: 1/15/25 Mike & Joel free Zoom event (REGISTER FOR WEDNESDAY) 1/16/25 Sac Real Producers […] The post The 2024 housing market was better than 2023 first appeared on Sacramento Appraisal Blog. Let’ get into it.
A referral estate referral occurs when a licensed agent or broker passes along a prospective buyer or seller to another licensed agent to handle a transaction. The receiving agent becomes the buyer or seller’s primary point of contact and representative, and the referring agent receives a referral fee if a transaction closes.
Todays report shows a strong labor market, but the employment picture has been a little bumpy over the past few months, as weather events and large labor strikes have complicated the outlook, Lisa Sturtevant, the chief economist at Bright MLS , said in a statement.
I was getting everyone’s email addresses and started nurturing them in the group, outside of the group and doing events and it just naturally turned into my best lead source. When I go to a listing appointment or a buyer’s consult with someone I met in my group, they already know, like and trust me.
Millennials and Gen Z account for 41% of today’s homebuyers, and last year, made up the largest share of veteran and military home buyers. The list is comprised of the top 10 communities that offer things that these buyers stated they value most: greater housing affordability, job opportunities, and quality of life.
Home sellers are returning to the market, but buyers are hesitant, according to a recent Zillow market report. In May, new property listings exceeded sales, allowing buyer competition and price rise to slow—and more price relief is expected. However, buyers aren’t matching sellers’ enthusiasm; sales in May were 6% lower than last year.
After a very difficult market for buyers who have had to contend with an atypical housing market in 2023, home shoppers will find more listings to choose from in 2024,” Lisa Sturtevant, Bright MLS chief economist, said in a statement. “At However, market activity is still projected to remain well below typical levels.
Home-price declines which are typically a good thing for buyers could hurt some current mortgage holders. While home equity closely depends on home price changes, equity losses are also tied to natural disaster events since households can lose a lot of their equity following a catastrophe, particularly if not property insured.”
And NAR data shows that 81% of sellers and most buyers only interview one real estate agent! The majority of buyers and sellers will become a lead months or even years before theyre ready to actually move. Host an event to nurture your leads One of my favorite lead nurturing strategies is hosting events.
Many of these buyers also have been able to quickly accumulate significant equity in their homes as home prices have escalated, saidLisa Sturtevant, Bright MLS Chief Economist. This implies that life happens events take precedence over rate lock when it comes to the decision to sell, according to Sturtevant. With 25.8%
At the height of the pandemic there were bidding wars and all that, but it didn’t seem impossible, but now it seems impossible to get our buyers into homes,” said Heather Corrigan , a RE/MAX Signature Homes agent based in Closter, a borough that is 24 miles north of Manhattan and renown for its schools.
Retail housing market data from June showing early signs of a real estate slowdown was foreshadowed three months earlier in buyer behavior at foreclosure auctions. The downshift in buyer behavior at the foreclosure auction came two months before the downshift showed up in retail housing market data. That was up from 40% a year ago.
The system eliminates the need for buyers to use personal devices by providing integrated technology. With GO Live, were offering attorneys and buyers a stress-free, connected, and transparent process. Attorneys can now review and guide buyers through their closing documents in real time.
Now we are looking at a two- to three- business-day process and the buyer may not like the numbers they get back.” For some buyers, surprisingly high insurance premiums are causing them to second-guess the property they have selected. “I Last year alone, NOAA data shows there were 28 $1 billion weather and climate events in the U.S.
Relatively more homes for sale are giving buyers more leverage, as evidenced by Altos Researchs Market Action Index score falling from 55 in May to 45 today. While the market will naturally slow down during the holidays, agents in Cincinnati expect buyers and sellers to be active in the new year, even with mortgage rates remaining high.
When we are looking at lower spreads, the Fed was an active buyer of mortgage backed securities (MBS), but clearly they arent today. I think it will take time to get back to that normal 170 basis points with the Fed not an active buyer. That is actually the highest market share since 2006, McKeveny said.
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. Setting up open house sign-in apps for your next event is simple.
Another significant issue on prospective homeowners’ minds is their worries about the rapidly rising costs of property insurance, which are being caused by an increased frequency of extreme weather events: A complete 47% of respondents said that the cost of home insurance will play a “good deal” (29%) or “a lot” (18%) role in their decision to move.
It also provides market analyses, a calendar of upcoming events and a list of taks to complete tasks. For buyers, the platform has their preferences for a home and relevant listings, which include both Compass exclusives and those on the local MLS. Sellers have access to all offers.
I’m looking forward to a little bit less eventful Halloween.” The business practice changes outlined in NAR’s settlement have been a massive positive for agents, according to Kelly, as it has become more important for them to talk with buyer clients at the start of the transaction process.
Instead, she allegedly submitted an offer for a competing buyer without disclosing this to him. On a call that day, Featherston admitted to plaintiff she lied and had it under contract herself with another buyer. Ammann claims that a similar chain of events happened with another property.
Americans continue to grapple with these fluctuating economic indicators, making the decision to buy or sell a home an enduring challenge, barring a life event forcing a transaction. This volatility has sidelined many potential buyers and sellers, who are opting to wait for a more stable market.
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