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Homes are selling well over listing prices as buyers compete against each other

Housing Wire

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? A homebuyer’s guide to a competitive housing market.

Buyers 476
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DOJ thumps RealPage with another antitrust lawsuit over AI-driven rent pricing

Housing Wire

“As a result, landlords can align rental prices, and tenants are limited in their ability to successfully negotiate counter offers or seek discounts. The information is used to generate price-floor recommendations for landlords and their competitors, depriving the market of independent decision-making.

Landlords 435
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Opinion: Navigating buyer agent compensation

Housing Wire

A buyer submits an offer of $400,000 for the home and $12,000 in compensation for their broker. Expecting to net $392,000, the seller could then counter-offer with $404,000 for the home and $12,000 for the broker. The seller could request that their agent not show them any offers that requires them to provide this compensation.

Buyers 465
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Realtor scripts for managing seller expectations

Housing Wire

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!

Sellers 445
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How to Conduct a Smooth Real Estate Transaction

McKissock

In order to reach an acceptable agreement with the most favorable terms, make sure your buyers are aware of the market and the most important factors when constructing an offer. Number of days on market. There can be situations in a strong sellers’ market where more than one offer is received at the same time.

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10 Real Estate Tips BEFORE You Sell Your Home

Raleigh Realty

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.

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Appraisals 101: What to Expect From the Home Appraisal Process

Raleigh Realty

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. Why would you?