Appraisal Buzz

SEPTEMBER 9, 2024

The analysis centers on in-depth interviews conducted nationwide with numerous Redfin agents regarding the reactions of sellers and buyers to the changes. Agent consensus: Demand for the listing determines how much a buyer or seller can negotiate, much like in typical real estate transactions. to the buyer’s agent.”

Sellers 397

Sellers Buyers Agents Advertising 397

Housing Wire

OCTOBER 3, 2024

Conrad discusses best practices for transparent conversations between listing agents and sellers, the value of educating sellers on the new buyer agent compensation agreements , and ways to show your value as a professional agent. Velt chimes in and shares how important it is to be transparent with sellers.

Sellers 447

Sellers Agents Training Clients 447

Housing Wire

JANUARY 28, 2022

home sellers made a pretty penny in 2021, with the nationwide realized profit growing by 45% year-over-year, according to a new analysis published by real estate data vendor ATTOM this week. For comparison sake, in 2019 a home seller’s realized profit averaged out to about $55,000, the report said. Presented by: Equifax.

Sellers 459

Sellers Investing Investors Housing Market 459

Housing Wire

MARCH 7, 2024

Home sellers looking to maximize their sale price may want to avoid the start of the busy spring buying season and list their properties closer to the midpoint of the year, according to a Zillow analysis released Thursday. more than at other times of the year, equating to an additional $7,700 on the typical U.S.

Sellers 448

Sellers Buyers Real Estate Inventory 448

Housing Wire

NOVEMBER 4, 2024

As real estate practitioners adjust to the practice changes that took effect in August, and the industry waits for final approval of the NAR settlement from the court in November, questions continue about seller offers of compensation. Lowering commissions will not cause sellers to reduce their prices.

Buyers 321

Buyers Sellers Agents Real Estate 321

Housing Wire

NOVEMBER 9, 2020

Presented by: VRM Mortgage Services. While the state of the market shines brightly for prospective buyers and sellers, the economy overall is showing some slight hesitation. The post Buyers and sellers agree: it’s a good time to enter the housing market appeared first on HousingWire. million Americans unemployed.

Housing Market 543

Housing Market Sellers Buyers Marketing 543

Housing Wire

OCTOBER 10, 2023

Many sellers have returned to offering concessions and dropping prices to entice buyers. The “same old listing presentation” and tired marketing tactics aren’t cutting it for agents looking to win listings in today’s competitive and tight market. Depending on the age and condition of the carpet, sellers may not need to rip it up.

Home Improvement 482

Home Improvement Real Estate Agent Sellers Real Estate 482

Housing Wire

MARCH 22, 2024

With low housing inventory nationwide, agents are using innovative ways to find real estate seller leads and convert them into listings. To help you snag more listings, we updated our list of proven strategies to win more real estate seller leads in 2024. If you want a shot at generating seller leads online, you need one, too.

Real Estate 448

Real Estate Sellers Real Estate Agent Tools 448

Housing Wire

AUGUST 17, 2022

The Federal Housing Finance Agency (FHFA) and Ginnie Mae are walking back some of the more controversial proposed eligibility requirements for sellers, servicers and issuers they oversee. Institutions with less than $1 billion in originations during a 12 month period would be exempt — a new carveout the agencies said is for “small sellers.”.

Sellers 397

Sellers Government Lending Finance 397

Housing Wire

SEPTEMBER 5, 2023

From fine-tuning the initial listing to completing the mountains of paperwork needed for closing , homebuyers and sellers can find themselves juggling a wide range of issues. Find your audience Not every real estate transaction is the same because not all buyers and sellers are the same. mortgage lenders, home inspectors, etc.)

Real Estate 448

Real Estate Sellers Buyers Clients 448

Appraisal Buzz

SEPTEMBER 5, 2024

Simultaneously, home sellers reduced the number of newly listed properties on the market, with a -0.9% In April we noted that rising for-sale inventory was likely to lead to more balance between buyers and sellers. Similar to buyers, sellers reduced their offering in August as newly listed properties dropped 0.9%

Sellers 397

Sellers Housing Market Buyers Marketing 397

Housing Wire

JUNE 13, 2024

According to a news release, through the partnership, My State MLS agent members will be able to receive estimated cash offers on qualifying properties within minutes to present to their clients. If the seller chooses to pursue Opendoor’s offer, they will then be directed to Opendoor to continue the process.

Sellers 488

Sellers Agents Realty Clients 488

Housing Wire

OCTOBER 3, 2024

This rule is no longer in place due to the terms of NAR’s home seller commission lawsuit settlement , which went into effect in August. The suit is seeking class-action status for a nationwide class that is defined as all persons who purchased a residential property listing on a Realtor-affiliated MLS between 2002 and the present.

Realtors 444

Realtors Real Estate Sellers Agents 444

Housing Wire

SEPTEMBER 2, 2022

It puts homebuyers holding the NFT in the position of making an all-cash offer to a home seller, according to the Buena Park, California-based lender. “What we traditionally call a homebuyer is now a seller of their unique, credit-qualified non-fungible token (NFT),” said Sun West CEO Pavan Agarwal. .

Technology 95

Technology Loan Conditions Real Estate Sellers 95

Housing Wire

OCTOBER 23, 2024

It includes items we feel are essential to an effective listing presentation. How to prepare for a listing appointment Have a quick call with the sellers to ask them about their motivation, timeline, and price they have in mind. This is to help you remember your presentation and have paper on hand for taking notes. Several pens.

Agents 434

Agents Real Estate Sellers Real Estate Agent 434

Housing Wire

JULY 30, 2024

At the new Homes.com , we always present the listing agent and only the listing agent on any home for sale on our site. What is the most important sign home buyers and sellers looking for an agent use as a signal that a real estate agent is a trusted expert? This is not a new principle for us.

Agents 455

Agents Real Estate Agent Real Estate Buyers 455

Housing Wire

JANUARY 18, 2024

The suit, known as Fierro, after its lead plaintiff Gael Fierro, a Californian home seller, accuses the real estate industry of colluding to artificially inflate real estate agent commissions. Patrick Thurber, a California home seller, is an additional named plaintiff in the suit. 17, 2020, and the present.

Realtors 533

Realtors Brokerage Real Estate Realty 533

Housing Wire

MARCH 25, 2024

Remain calm, trust that you are in the right place and go sell real estate,” Wendi Harrelson, the president of Keller Williams Realty International -owned regions, said during the presentation on Monday. Seller concessions is money that is being given by the seller directly to the buyer,” Papasan said.

Agents 468

Agents Advertising Real Estate Sellers 468

Housing Wire

FEBRUARY 16, 2024

A second home seller in Nevada has filed a lawsuit alleging that real estate industry players in the state have colluded to artificially inflate real estate agent commissions. District Court in Las Vegas by Nevada home seller Angela Boykin. 16, 2020, and the present. The copycat commission lawsuit was filed on Friday in U.S.

Real Estate 468

Real Estate Realtors Realty Brokerage 468

Housing Wire

MARCH 8, 2024

District Court in New Orleans, home seller plaintiff Joseph C. The lawsuit is seeking class action status for anyone who has used Latter & Blum as listing broker for sale of a home on an MLS in Louisiana and paid a buyer broker commission between March 5, 2020, and the present. In a lawsuit filed on Tuesday in U.S.

Brokerage 448

Brokerage Sellers Realtors Agents 448

Housing Wire

APRIL 30, 2024

Examples of broker-provided services include identifying potential properties, arranging for the buyer to tour a property, performing or facilitating negotiations on behalf of the buyer, or presenting offers by the buyer. Under these circumstances, the agent or MLS participant would not need a written agreement with the buyer.

Buyers 488

Buyers Open Houses Sellers Agents 488

Housing Wire

MAY 16, 2024

The new feature harnesses the capabilities of multimodal artificial intelligence to instantly analyze and summarize complex property documents, including inspection reports, appraisals and seller disclosures. It can also help agents clearly communicate their unique value and services to homebuyers, sellers and others.

Real Estate Agent 460

Real Estate Agent Real Estate Brokerage Sellers 460

Inman

NOVEMBER 26, 2024

Price and marketing expertise are key to building trust and showing your value with a well-thought-out listing presentation, broker Nick Schlekeway writes.

Marketing 157

Marketing Sellers Agents 157

Housing Wire

NOVEMBER 10, 2023

District Court in South Carolina, alleging that the National Association of Realtors (NAR) and Keller Williams colluded to artificially inflate agent commission rates, increasing costs for home sellers. “The effect of these rules is not simply that the seller must pay the buyer broker’s compensation,” the complaint states.

Sellers 459

Sellers Realtors Buyers Agents 459

Housing Wire

NOVEMBER 8, 2023

31, 2023, the Gibson lawsuit pits three Missouri home sellers, Don Gibson, Lauren Criss and John Meiners, against National Association of Realtors , Compass , eXp World Holdings , Redfin , Weichert Realtors , United Real Estate , Howard Hanna and Douglas Elliman. Accepted by the court on Oct.

Real Estate 459

Real Estate Sellers Real Estate Agent Realtors 459

Housing Wire

AUGUST 19, 2024

According to real estate professionals, the biggest adjustments they had to make this week was to get buyers to sign buyer representation agreements and to explain to sellers that while they don’t have to offer buyer broker compensation , they will most likely see most prospective buyers ask for some help in paying their agent.

Agents 476

Agents Sellers Realty Buyers 476

Housing Wire

NOVEMBER 15, 2023

He began his presentation during the “Residential Economic Issues and Trends Forum” by analyzing the data points that impacted 2023 real estate conditions before diving into forecasts for next year. However, as mortgage rates stabilize and home sellers adapt, “Existing-home sales will rise by 15% next year,” Yun said.

Real Estate 482

Real Estate Inventory Sellers Realtors 482

Housing Wire

DECEMBER 15, 2023

This is according to NAR Chief Economist Lawrence Yun, who shared a presentation of his 2024 forecast on Tuesday. Once the December data for existing home sales is tallied up, 2023 could be the worst year for existing home sales seen since 2008 or since 1995, Yun said during his presentation.

Sellers 493

Sellers Buyers Mortgage Investing 493

Housing Wire

OCTOBER 29, 2024

And it is a little bit early, but some of the preliminary data I have looked at show that sellers are continuing to pay buyer agent compensation.” I think ultimately, though, sellers should be looking at their net (profit). This is concerning, she added, given the complicated nature of the real estate transaction.

Marketing 448

Marketing Real Estate Sellers Buyers 448

Housing Wire

JANUARY 16, 2024

“The unlawful restraints implemented and enforced by Defendants’ conspiracy, further the common goals of permitting Defendants herein to impose supra-competitive charges on home sellers and restrain competition by precluding competition from innovative or lower priced alternatives,” the complaint reads. 15, 2020, and the present. .”

Realtors 476

Realtors Real Estate Real Estate Agent Sellers 476

Housing Wire

FEBRUARY 28, 2024

It enables agents to differentiate themselves through original presentations of their brand and properties using features such as high-resolution hero images and interactive floor plans. This is a huge benefit for buyers, sellers and Howard Hanna agents alike.”

Tools 447

Tools Agents Real Estate Brokerage 447

Housing Wire

AUGUST 28, 2024

While this transition period may present challenges, we are confident that the proactive steps we have taken (as well as all other real estate companies) will allow for a smooth adjustment, ultimately benefiting everyone involved. We have been aware of this for a while and have fully prepared for the changes this will bring.

Real Estate 477

Real Estate Sellers Agents Buyers 477

Housing Wire

MARCH 13, 2024

Amid escalating climate concerns , Realtor.com has launched enhanced tools to help homebuyers and sellers evaluate the climate risk exposure of a property, according to a company announcement on Wednesday. Presently, a staggering 40.4% The cost of homeowners insurance policies has skyrocketed in the past two years as U.S. ” U.S.

Tools 468

Tools Insurance Home Value Technology 468

Housing Wire

MAY 1, 2024

Less than a week after HomeServices of America settled the home seller commission lawsuits for $250 million , the firm again finds itself in the crosshairs of antitrust litigation. 1, 1996, and the present. On Monday, homebuyer James Lutz filed a class-action antitrust lawsuit in a U.S. “

Sellers 468

Sellers Real Estate Agent Realtors Real Estate 468

Housing Wire

FEBRUARY 27, 2024

He also noted that Compass began helping agents create buyer presentations this past fall, noting that agents have long created listing presentations for sellers but have struggled to clearly articulate their value proposition to buyers.

Agents 446

Agents Brokerage Buyers Training 446

Housing Wire

JANUARY 23, 2024

home sales in nearly 30 years as high mortgage rates frustrate buyers, the market is reshaping real estate once again, placing buyers on the back foot and swinging the pendulum back to favoring sellers. As we get into 2024, if interest rates touch the 5% mark, we can assume a market that heavily favors sellers.

Real Estate Agent 476

Real Estate Agent Real Estate Buyers Agents 476

Housing Wire

FEBRUARY 6, 2024

An assumable mortgage enables qualified buyers to take over the seller’s mortgage terms, including the existing balance and interest rate. It presents an appealing proposition for both buyers and sellers, particularly those looking to capitalize on historically low mortgage rates.

Mortgage 479

Mortgage Sellers Advertising Buyers 479