Housing Wire

OCTOBER 18, 2021

Zillow will keep trying to sell existing home inventory, plus renovate and try to resell homes it has purchased under contract, according to a company press release. We have not been exempted from these market and capacity issues and we now have an operational backlog for renovations and closings. Overall, Zillow reported $9.6

Renovations 397

Renovations Real Estate Construction Contracts 397

Appraisal Buzz

FEBRUARY 12, 2025

Its wonderful news for purchasers who have been struggling with high housing costs and a lack of availability, but its not ideal for sellers. Redfin agents in some parts of the country report that it feels like a buyers market, with sellers of homes that have been sitting on the market for a few weeks open to lowering the price.

Contracts 243

Contracts Buyers Renovations Sellers 243

Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

Housing Market 397

Housing Market Renovations Marketing Retail 397

Housing Wire

FEBRUARY 6, 2025

Beyond that, Deephaven allows up to 3% seller concessions at closing. Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. Construction loans Inventory levels in the real estate market arent what they used to be. This loan type offers up to $2 million in financing.

Mortgage 321

Mortgage Training Construction Investors 321

Housing Wire

JULY 10, 2024

Market Inventory: What is the current market and micro-market inventory? Seller / Buyer/ Balanced). Prepare a pricing strategy Many sellers think they understand pricing as well as you do. You may find it easier to discuss pricing with sellers if you can explain current market conditions.

Sellers 435

Sellers Real Estate Agents Clients 435

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Lower demand means that homes often sit on the market longer than usual.

Real Estate 468

Real Estate Agents Marketing Sellers 468

Housing Wire

NOVEMBER 8, 2023

Offerpad is an instant buyer, or iBuyer, a company that gives sellers cash offers for their homes and attempts to resell the homes for a profit, sometimes after making renovations. Growth prospects At the end of September 2022, Opendoor had 16,873 homes in inventory. “The largest, undisrupted market in the U.S.,”

Marketing 448

Marketing Inventory Renovations Investors 448

Housing Wire

JULY 30, 2021

Due to low inventory, sellers are able to put their homes up at a higher rate. By investing money into your property through renovations and upgrades, you increase the home’s price tag. In 2020, the S&P CoreLogic Case-Shiller price index reported the highest annual housing growth since 2013.

Renovations 505

Renovations Buyers Sellers Investing 505

Appraisal Buzz

APRIL 11, 2022

It’s increasingly difficult for home appraisers to predict what will happen next, between seller booms and fluctuating mortgage rates. Millennials Still Prefer Renovating. Although the Sun Belt has seen impressive growth, the homeowning population as a whole would rather renovate than relocate. More Second Home Purchases.

Buyers 370

Buyers Renovations Supply Chain Housing Market 370

Appraisal Buzz

MARCH 25, 2024

In yet another sign of down times for the home-flipping industry, profits and profit margins also sank on quick buy-renovate-and-resell projects. Lack of inventory and ever-rising home prices are the main factors impacting the home flipping business. As that happened, the profit gap between investors and all sellers gradually widened.

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Renovations Investors Inventory Sellers 334

Housing Wire

MAY 30, 2024

home sellers cut their asking prices during the four-week period ending May 26. My advice for those buyers is to be open-minded: Consider single-family homes that are a bit outdated but don’t need major renovations, and/or homes in lesser-known, non-trendy neighborhoods. A report released Thursday by Redfin showed that 6.4%

Renovations 497

Renovations Buyers Real Estate Mortgage 497

Housing Wire

APRIL 9, 2021

.” With “Raveis Purchase,” which officially launched earlier this month, WRRE will acquire the home-seller’s property for an initial payment of up to 80% of the current value of the home, which unlocks the majority of the equity and enables the seller to settle any mortgages.

Brokerage 435

Brokerage Real Estate Clients Insurance 435

Housing Wire

APRIL 22, 2024

I can also provide expert advice about renovations and the potential return on investment — where to get the biggest bang for your buck — or simply answer any questions you have about the market. We negotiated to get the sellers the highest price possible. Many of us are in sellers’ markets with very low inventory.

Real Estate 466

Real Estate Open Houses Brokerage Real Estate Agent 466

Housing Wire

JUNE 7, 2024

Listings are the life-blood of all successful real estate businesses, but making the leap from working primarily with buyers to working with sellers can be a challenge for many agents early in their careers. Many nosy neighbors end up turning into sellers, and hosting open houses is a fantastic opportunity to showcase your marketing skills.

Real Estate 468

Real Estate Open Houses Agents Sellers 468

Appraisal Buzz

AUGUST 5, 2024

I would expect a longer time horizon to get my renovated properties sold because they aren’t flying off the shelves like they used to.” Price demand by market Major markets with rising retail inventory saw significant declines in the price demanded by distressed property auction buyers in June.

Retail 273

Retail Renovations Inventory Contracts 273

McKissock

JULY 18, 2021

When the seller’s market is this hot, is it still necessary to renovate a seller’s home before it hits the market? But just because the ball is already in the seller’s court, so to speak, is it enough to justify skipping renovation altogether? Go Big Or Go Home. Consider Your Market.

Renovations 96

Renovations Marketing Real Estate Agent Sellers 96

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. This means you don’t have to do any renovations or even very much negotiating.

Real Estate Agent 435

Real Estate Agent Tenants Real Estate Agents 435

Housing Wire

OCTOBER 15, 2020

That competition helped lift average price execution (winning bid as percentage of seller reserve) for vacant REOs to 104.8% Seeking new inventory sources. Beniston noted demand is also strong for rentals that YNDC has renovated after purchasing in distress. in September, according to the Auction.com data.

Buyers 360

Buyers Development Renovations Retail 360

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. There is a lot of demand out there, with very little inventory. It may be due to inventory levels continuing to drop. It is free to visit.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Lamacchia Realty

MAY 6, 2021

HOME RENOVATIONS IN 2021. As we begin to see the other side of the pandemic and throughout the past year, the home improvement and renovation industry is seeing an extremely high demand for tools, materials, and home improvement service providers. Cost of Materials. What You Can Do.

Renovations 68

Renovations Buyers Home Improvement Realty 68

Housing Wire

FEBRUARY 8, 2024

Remember — most of the time, buyers and sellers may not be actively looking for your services, but when they are, real estate farming ensures you are always top of mind. Also, know about specific local initiatives and incentives, like land trusts, environmental regulations, property developments, or upcoming renovation projects.

Real Estate 445

Real Estate Tools Agents Real Estate Agent 445

McKissock

AUGUST 14, 2022

The housing market has cooled since the intensity of the post-pandemic real estate rush, but the seller’s market we experienced has left us with plenty of discussion about what the nation’s housing inventory looks like. Housing Inventory So Low? Why It’s Hard to Meet Housing Inventory Needs Right Now. Why Is U.S.

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Inventory Construction Real Estate Renovations 68

Eppraisal

AUGUST 25, 2023

However, two significant hurdles that are currently prevalent are the combination of low housing inventory and high-interest rates. Sellers are more likely to take your offer seriously when they know you're financially qualified to make the purchase. A home in need of renovations could be a hidden gem that other buyers overlook.

Inventory 69

Inventory Real Estate Buyers Renovations 69

Raleigh Realty

FEBRUARY 2, 2022

Is the seller not willing to negotiate repairs? Working through repairs on the home inspection shouldn't be a battle, there should be a mutual understanding from both sides why a buyer is requesting certain repairs and why the seller may decline those repairs. As a buyer, always try to come to the seller from a kind, courteous place.

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Inspection Sellers Buyers Realtors 158

Kairos Appraisal Services

DECEMBER 16, 2021

There’s no doubt that 2021 was a hot real estate market, but there was another hot market this year, and that was the renovation market. Because of a lack of inventory, many homeowners opted to stay put in their homes and create their dream home in their current home.

Renovations 52

Renovations Inventory Real Estate Marketing 52

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Prepare for bidding wars ahead of time.

Mortgage 155

Mortgage Real Estate Agent Real Estate Buyers 155

Hank Miller Team

NOVEMBER 15, 2022

Atlanta is one of the steady ones, and housing inventory in Atlanta will not jump in 2023. Atlanta Housing Inventory Everything must be kept in context. Renovations – Cooped up in their homes, renovations and updating became a thing to do. Some markets remain in flux, others have started to level off already.

Inventory 52

Inventory Renovations Housing Market Buyers 52

Cornerstone

MAY 4, 2021

Many more homebuyers are competing for available houses, and renovations might not be as necessary as they were to sell competitively just a few years ago. But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Find out now.

Renovations 43

Renovations Home Improvement Loan Officers Real Estate Agent 43

McKissock

JUNE 14, 2022

Marketing time is shorter during a sellers’ market due to a limited supply of inventory. When we see vacancies in single family homes increasing, that’s an indication of a declining real estate market (sellers sitting on vacant properties indicate little/lower buyer demand). Increase in seller concessions.

Real Estate 75

Real Estate Marketing Sellers Buyers 75

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.*

Sellers 64

Sellers Buyers Real Estate Agent Inventory 64

Lamacchia Realty

MAY 6, 2021

This site gets over 3,000 views a day on average so having it be a clean and straightforward resource for buyers and sellers is of the utmost importance. Ensuring buyers, sellers, and agents alike feel serviced by this clean and slimmed-down site is no small feat. However, the ease of access to relevant content has never been better.

Realty 69

Realty Brokerage Sellers Renovations 69

Lamacchia Realty

APRIL 10, 2023

There are more buyers during spring Springtime is known to be the busiest period for real estate, and even though inventory has been historically low, signs of spring activity are beginning to give buyers more hope! This means sellers can capitalize on the availability of those tax refunds by listing.

Sellers 74

Sellers Realty Buyers Renovations 74

Realtor

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. Prepare for bidding wars ahead of time.

Mortgage 78

Mortgage Real Estate Agent Real Estate Buyers 78

Lamacchia Realty

FEBRUARY 22, 2023

As a result, sales have been down, but should start to pick back up as we head towards late spring/summer as both buyers and sellers adjust their budgets and/or expectations. Additionally, listings and pendings are down from January 2022 as many ‘ would-be sellers ’ are choosing to stay in their current home with a low mortgage rate (e.g.,

Real Estate 74

Real Estate Sellers Contracts Buyers 74

PennyMac

DECEMBER 22, 2020

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. During the appraisal, a licensed appraiser will take inventory of major systems (i.e., 10 Steps to Buying REO Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Cornerstone

JUNE 8, 2021

Homes.com published a new survey highlighting these worries, plus the conditions needed to help sellers feel more comfortable. The demands of these buyers give sellers enormous leverage. Homeowners aren’t sure if they’ll need to renovate to receive a competitive offer. Is it smart to sell a house right now? 4 major incentives.

Marketing 49

Marketing Sellers Renovations Loan Officers 49

Chicagoland Appraisal Blog

APRIL 3, 2020

Here’s what that means for sellers in the Chicago area: Make key updates if you’re selling a dated home. Last year was a tough market, and the only properties that were moving were the ones that were renovated,” she says. Sebring is seeing a surge in industrial-style sinks and vanities in Chicago bathroom renovations.

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Real Estate Agent Architecture Modernization Buyers 78