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This AI-driven tool uses computer vision technology to evaluate the current condition of a property and provide a detailed assessment of its current market value and potential value post-renovation. It also uses Revive’s recommendation engine to offer renovation estimates supported by local contractors.
Being able to provide data-driven home improvement recommendations can help agents build credibility with potential clients, sell homes faster and for more money, and ultimately win more listings. When making pre-listing repairs or renovations, different projects can result in vastly different returns.
As a realestateagent, you may think clients should care more about their next home than your life story. And while that may be true, well-crafted realestateagent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients.
Most of these projects were minor updates such as repainting or landscaping, completed by 70% of those who renovated. A significant portion (65%) also addressed potential inspection issues, or undertook major renovations such as kitchen or bathroom overhauls (59%).
The fact is, realestateagents do more than just sign the dotted lines for their clients. Studies show agents spend 87 hours on average during a purchase deal, navigating more than 200 outcomes to drive a transaction toward success. For buyers, focus on delivering second-to-none service and support.
My mom and stepdad went into pre-foreclosure,” said Sandoval, a realestateagent and investor who specializes in working in low-income, often Latino neighborhoods in Southern California. “I anely Sandoval’s calling to be a pre-foreclosure peacemaker started when she was in high school. “My I give them everything.
Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.
Constitution Lending rates and terms Interest rate 9.5 - 12% Loan-to-value Up to 75% for purchase loans, up to 90% for renovation financing Upfront fees 2-4% of loan amount Credit requirement 600 Minimum Credit Score Investing experience None required, but a strong business plan can help odds of approval.
Consumers purchase homes, but Compass touts its technology among prospective realestateagents. Because agents are the heart of the business. Realestateagent may be a single term, but it covers a multitude of functions: presentation, negotiation, consolation, trouble-shooting, travel, project management.
Presale renovation firm Revive has made its artificial intelligence -powered property valuation tool available to everyone, according to an announcement on Thursday. Previously, the Revive Vision AI platform was only available to registered realestateagents.
Predictive analytics in realestate combines the use of historical data and algorithms to anticipate future market trends and identify potential sellers sometimes even buyers, too. Realestateagents can use this data to identify motivated sellers and people who are likely to buy a home.
Machine learning models help estimate after-repair value (ARV), project cash flow, and even run renovation budgets. In fact, a 2025 survey of 100+ realestate brokerages revealed that almost nine out of ten (87%) broker agents are reportedly actively using AI in their workflow. And now, AI isnt just behind the scenes.
After months of slogging through a string of disappointments, Patrick turned to a renovation loan and started looking at fixer-uppers. Snover said that few realestateagents suggest that buyers purchase a home with a renovation loan, sometimes because they are unfamiliar with the process — which has its complexities.
Its proprietary AI technology can also remove furniture, declutter listing photos and create realistic renderings of landscaping and exterior renovations. Its an ideal solution for agents and teams who want to generate large volumes of Zillow-ready virtual staging images at an affordable price. You worked hard to get your listing.
A well-written property description also allows you to highlight aspects of the home that would not otherwise be readily available via MLS, such as a newly renovated kitchen or a brand-new septic system. Heres our step-by-step guide to writing creative realestate listing descriptions. miles from Preston Beach!
Four renovations to consider before selling your house. A turnkey home is a property that doesn’t require any major repairs or renovations. Some realestateagents use the term turnkey to describe a home that’s completely refurbished. Renovations are also time-consuming. How much house can you afford to buy?
Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed realestateagents.
Curbio, a home renovation startup that specializes in pre-sale work, has agreed to settle fraud allegations made by the Office of the Attorney General for the District of Columbia. The AG also accused the company of acting as an unlicensed lender and performing subpar renovations. As part of the settlement, Curbio agreed to pay $7.5
Home improvements and renovations are also important to buyers. RealEstate Commission. Working with a realestateagent isn’t free, but it takes the work off your plate as a seller. Working with a realestateagent isn’t free, but it takes the work off your plate as a seller.
An AI assistant called Revana will provide personalized help with renovations, installations and maintenance. For example, a homeowner could use the assistant to troubleshoot a malfunctioning air conditioner or find contractors, home service professionals and realestateagents.
Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “Brokers need now to control things they can control, like their costs, and give the consumer options.”
A professional appraiser or realestateagent can help you figure out how much to list your home for. If your home is more of an investment home, investors often want a home already outfitted with tenants or an underpriced home, so there’s room in the pricing to cover the cost of renovations. Hire a RealEstateAgent.
Tiny homes, co-living spaces and shared housing arrangements are ways to reduce the cost of homeownership, as well as negotiating realestateagent commission. Easy renovations are key For spaces that might not be immediately appealing, Gen Z wants those that can be easily renovated.
PunchListUSA plans to use the funding to invest in proprietary technology to create instant repair and renovation estimates and open offices, which it aims to expand footprint to more than 30 markets through 2023. . ”We Our singular mission is to make homeownership more accessible and sustainable for the 220 million owners in the U.S.”.
Seventy percent of those who made house improvements finished light renovations, which include repainting, upgrading fixtures, and light landscaping. Contacting a realestateagent has been the most popular procedure (36%), followed by listing a house for sale (22%), and conducting an inspection of the house being sold (27%).
Equity solutions Home renovations and debt consolidation are two avenues toward financial prosperity for borrowers. How non-QM lenders can expand referral networks Like all professionals in the mortgage and housing industries, realestateagents ultimately want to help as many clients as possible. Its simple.
In just the past few weeks, nonbank mortgage lenders Rocket Companies and Better.com have revealed plans to instantly buy homes from their customers and also pair their services with in-house realestateagents. And then there’s KWx , the parent company of residential brokerage Keller Williams.
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
Amid a higher rate environment when refinances are scarce, Martell said that loanDepot sees opportunities in other products, such as renovation loans and home equity lines of credit (HELOCs). The company now has a digital HELOC offering. Martell believes there will not be “a zero commission” market.
Can renovate over time: Most resale homes are immediately inhabitable, which means owners can renovate or make upgrades gradually, as their budget allows, while still living in the house. Renovating to modernize can add to the long-term cost of a resale home. Luke Babich is the Co-Founder and CEO at Clever RealEstate.
You may not be able to paint, renovate or make any changes to the property, even once the home is yours. Take a look at your budget, consider your needs and preferences, and consider talking to a realestateagent for more guidance. Proximity to neighbors. The bottom line.
And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, realestateagents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.
Originally founded in 2018 as a contractor services company serving realestateagents in Charleston, South Carolina, PunchListUSA is now focused on intuitive online ordering, tracking and pricing transparency for homeowners, brokers and institutional investors.
A Home Depot gift card ($50-$500) Home Depot is like Mecca for new homeowners, even if they’re not planning a major renovation. This strategy requires a lot of time, organization, and careful planning, which may not be sustainable for the average and very busy realestateagent.
The Insurance Commissioner for the state of Washington apparently concluded that Modus offered realestateagents and their clients a “thing of value,” such as free home warranties, other closing-related services, in exchange for switching their escrow and title services to Modus.
According to Matterport, 360 interactive virtual tour integration in realestate listings increases the likelihood of homebuyers reaching out to agents by a significant 95%. Moreover, properties featuring 3D tours spend less time on the market — typically around one-third less time — and agents can secure higher selling prices.
More for RealEstate Enthusiasts. Four renovations to consider before selling your house. Your realestateagent can help if you decide to go this route. But what does it mean for you as the buyer? Well, there are two scenarios you could find yourself in. A homebuyer’s guide to a competitive housing market.
A Comparative Market Analysis (CMA) is a detailed report that helps realestateagents evaluate and determine the market value of a property. It is an essential tool that allows agents to clearly communicate a pricing benchmark for a property. They are more appropriate for an appraisal.
Please think of me as your go-to resource for all things realestate. 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. Call or text me with any realestate questions!
Selling a home typically involves nearly 10% in transaction fees between realestateagents , title companies, inspections, and other expenses. Investors are helping first-time home buyers across the country purchase renovated homes and other families get into high-quality rental homes. But, who are these investors?
The pre-sale renovation company's latest use of artificial intelligence could reduce subjectivity the next time a realestateagent prices a home or advises a client, Revive executives said Tuesday.
As a realestateagent , 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.
Whether it be through social media, connecting with realestateagents or going back to old-fashioned ways of knocking on people’s doors, they’ll have to focus on the purchase market going into the new year. Instead, they’ll be seeking to renovate their homes.”. Mortgage products expected to get love .
Realestate advice + top tech, lead gen & marketing tools — delivered to your inbox. Get expert advice, independent reviews and product recommendations from our editorial team of experienced realestateagents, brokers and coaches. Conversely, some repairs, renovations or updates may not be worthwhile.
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