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Across the country, homes are spending more days on the market as interest rates rise. Many sellers have returned to offering concessions and dropping prices to entice buyers. Now more than ever, sellers expect an agent who will confidently create a plan to get them top dollar for their home.
According to a recent Realtor.com survey, some70% of prospective sellers believe that now is a good time to sell, indicating that sellers nationwide are feeling upbeat as we approach this years Best Time to Sell. Some 96% of prospective sellers have taken some action to start getting ready to sell their house.
The National Association of Realtors (NAR) announced on Wednesday the addition of a home repair estimate app to its package of NAR Realtor Benefits for members. We are thrilled to provide NAR members and their clients with access to our reliable pre-listing homeimprovements with pay-at-closing terms.”
homesellers believe now is a good time to list their homes. This is driven by their confidence in home values and buyer demand, according to survey results released Monday by Realtor.com. Our survey found that many potential sellers feel confident theyll not only sell quickly but also receive top dollar for their home.
According to Zillow and Thumbtack’s Hidden Costs of Selling Analysis , the average homeowner spends over $15,000 in “hidden costs” to sell their home. . From staging fees, homeimprovements, repairs and seller concessions, there are several hidden costs involved in the selling process. Seller Concessions.
Having spent the past several months covering the NAR settlement and the business practice changes outlined within, I was curious about how listing agents and sellers in my market were handling offers of buyer broker compensation. The listing agents disclosed this to my agent via text or phone call when we inquired.
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.
A Grandmillennial style bedroom, courtesy of Amitabha Studio Luxurious “Spa-Inspired” Wet Rooms Charm Homebuyers The newest spa-inspired homeimprovement is this opulent design element, which is often found in upscale hotels.
Leveraging digital marketing assets, telling a rich story and finding cash offers before listing a home were just some of the tips shared this week by the lead-generation panel at the Mega Agent Camp hosted by Keller Williams. He noted that Homeward is a platform that can provide a cash offer for a seller so they can buy before they sell.
.” “Meanwhile, the housing market continues to face challenges as homesellers are less active this spring. In addition to the “locked-in effect” of mortgage rates, sellers are facing another issue caused by high inflation: the increasing costs of homeimprovements prior to selling.”
Lenders often require the use of their own, FHA-approved home appraiser. That means you get zero say in who’s determining the financial value of the home you’ve lived in, loved, and sunk your savings into. Here’s who: Your appraiser—who’s happy to go to the office and pull 20 or 30 comps.
This form of refinancing can help borrowers who need a source of money to add additional value to their home, especially as the current market is incredibly attractive for sellers. Through conversations on better management and leverage of home equity, mortgage providers can help borrowers improve their financial outlook.
The median existing-home sales price rose 3.1% The inventory of unsold existing homesimproved by 0.7% The rise in inventory—and, more technically, the accompanying months’ supply—implies home buyers are in a much-improved position to find the right home and at more favorable prices,” Yun said.
HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. The question people should be asking is at what rate threshold will sellers come back into the market.
Homelight , a platform for homebuyers and sellers, was No. 403 Homelight 1,444% 2012 Providing a platform that helps deliver better outcomes for homebuyers and sellers. 487 LiveEasy 1,204% 2013 Real estate software company changing the way people manage their move and their homes. 5000 edition. 4,105 FirstCloseFirstclose.
That’s partly why people are spending significant time, energy and money on home renovation projects these days. It’s no secret that homeimprovements can be a costly endeavor. If you’re looking to increase the value of your home or prepare it for resale, certain renovations may take its appeal to the next level.
The company also launched temporary rate buydowns, which allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.
When selling a home, your pricing strategy makes or breaks your chances for a quick sale. Pricing isn’t always a simple, straightforward process, and can often waste time and money and lead to frustration for both you and the seller. The fix: Advise your sellers to price in even increments to capture more online searchers.
There are options available to help delay the bills until sellers close on the sale. The potential to make bespoke improvements to the home is vast. The post HomeImprovement Ideas Before Selling in a Competitive Market appeared first on Will Springer. Speak with me to learn more!
“Our goal is always to make our clients as appealing as possible to a seller to help increase their conversion of getting their offer accepted. In a more competitive environment, originators are also changing up their product mix, offering reverse mortgages, home equity loans, and homeimprovement loans.
Go Big Or Go Home. Right now, sellers who don’t have the budget for a full home renovation need not worry — for the most part. Dotoli also adds that it’s unnecessary for sellers with older homes to try to compete with new, modern builds. Consider Your Market.
Instead, property value is determined by everything from the year your home was built to its proximity to transportation to the number of bedrooms. And experts say there are many more intricate details that buyers and sellers might not realize that influence value. The post How Much Is Your Home Worth?
Did you know there are more than 200 actions, research steps, procedures, processes and other stages that a real estate broker typically takes with each buyer or seller? In fact, I try to get to the core of why a buyer or seller wishes to collaborate with me. There are dozens of incremental steps that a buyer and seller must navigate.
Informed Decision-Making for Sellers and Buyers: Whether you’re selling or buying a home in Toronto, an appraisal gives you a solid foundation for negotiation. Sellers can set a competitive and realistic asking price, while buyers can ensure they’re making a fair offer.
Between the complexities of the real estate market and the changeable landscape of financing and property value, your clients likely have an abundance of questions regarding the sale of their home. We took a poll of some recent sellers and found the following questions to be the most frequent. Removing or locking up valuables.
Whether you are purchasing a home, looking to refinance, considering a homeimprovement, settling an estate, or divorce, We’ll help you determine your home’s fair market value. It makes sure sellers get an acceptable deal, and buyers are safe from paying too much.
Start by walking the house with the seller, asking for details and memories of different rooms, maybe Christmas in the family room, Thanksgiving meals in the dining room, their daughter greeting her first date in the foyer. If the seller doesn’t know much about an older home’s past, search property records for deeds and titles.
A homeseller guide from the number one Realtor in Houston. We’re able to accomplish this because we know what it takes to be able to sell your Houston home fast and for more money. Alternatively, you can simply contact the Houston Properties Team and list your home with us today. Houston HomeSeller Resources.
We break down the various tax considerations when selling a house, ensuring you have the knowledge you need to help you avoid potential financial distress in the future, and allow you to do what you really want to do: to enjoy your new home! There are also limits on how much of the profit can be exempted.
As spring comes to a close, many potential sellers may be considering the idea of listing within the next few months. We will see the real estate market start to heat up as summer approaches, making it the perfect time for sellers to take advantage. If this sounds like you, don’t wait too long!
Amid rising land and construction costs, permits for single-family homes in King County slowed in the third quarter to 940, down 7.8% Who said this is a sellers’ market? The National Association of Home Builders’ (NAHB) monthly sentiment index rose three points in November, to 83 on a scale of 1-100. . >>
If you have a tough listing that keeps acquiring more and more days on the market, it can be frustrating for both you and your seller clients. Think about what you can do to help your sellers realize they need to either make some updates to the home or lower the price. #2: 2: Manage the process carefully. 3: Don’t give up.
NAR) Home Staging Statistics: Sellers’ Perspective Staging doesn’t just benefit the buyer — it can significantly decrease the time your home spends on the market and increase how much money you walk away with. However, the impact home staging makes will depend on the type of house and where it’s located.
In a traditional appraisal, an appraiser goes to a home and does a thorough walk-through, recording details like square footage, acreage, number of bedrooms and bathrooms, homeimprovements, and additions. Deciding between a hybrid and traditional appraisal lies with the lender, not the buyer.
Home values are, unfortunately, subject to the ups and downs of the real estate market. When the housing marketplace favors sellers, home values run high. During these times, you might make a substantial profit on the sale of your home. Your home’s value, therefore, isn’t stagnant; it’s dynamic.
As we begin to see the other side of the pandemic and throughout the past year, the homeimprovement and renovation industry is seeing an extremely high demand for tools, materials, and homeimprovement service providers. Purchasing a Home That Requires Renovations and Repairs. Seller Resources. Read More ».
As the saying goes, “the kitchen is the heart of your home.” When selling a home though, most real estate professionals will vouch that — as far as homeimprovements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. In a recent video from realtor.com®
5 Tips to Sell Your Home for the Most Money This Fall. Seller Resources. The post Fall Home Maintenance To-Dos! It also cuts down on the emergency repairs that could be required if you skip these 11 important fall maintenance to-dos! Additional Resources. Buyer Resources. April 8, 2021. Read More ». September 8, 2021.
She earned a bachelor’s degree in Interior Design and worked in the homeimprovement and design industries, learning valuable sales and customer service skills. Since then, she has taken off running and has helped her buyers and sellers reach their goals. Cyndi thrives to make her buyers and sellers her top priority.
You can showcase the appraisal report in your marketing materials, assuring potential buyers that your home is priced accurately and fairly. Adding the pre-listing appraisal report to your listing can attract serious buyers who are confident in the value of your home.
Increase Value : A well-landscaped yard adds a great deal to a home’s curb appeal, and it is one of the few homeimprovements that can increase the value as the years pass. Seller Resources. The post 5 Features That Can Make Or Break The Value Of Your Home appeared first on Lamacchia Realty. Landscaping.
You can DIY closet organization with products from homeimprovement stores, but you can also hire experts to do it for you. 6 Ways to Keep Toys from Taking Over Your Home. Seller Resources. They help to free up extra space you didn’t even know you had. Shoe racks and hanging shelves are a big fan favorite. April 8, 2021.
They’re also a great way to pay for homeimprovements and expand your home buying options, especially in higher-cost areas. Seller Resources. The post Purchasing a Home That Requires Renovations and Repairs appeared first on Lamacchia Realty. Additional Resources. Buyer Resources. April 8, 2021. Read More ».
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