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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. We’ve all witnessed the housing market slowdown that has occurred over the last year.
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.
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. Example: 0.25 miles from Preston Beach!
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 Helping the seller understand the true market value of the home given the condition can also be a challenge. I give them everything.
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.
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.
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.
While a realestateagent’s commission is one of the most expensive costs, it definitely isn’t the only one. From staging fees, home improvements, repairs and seller concessions, there are several hidden costs involved in the selling process. Home improvements and renovations are also important to buyers.
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.
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
This will help you set a realistic price and manage your sellers’ expectations. For appraisals that are low, a seller may want to get a second appraisal. If the second appraisal comes back higher, buyers and sellers may feel more comfortable meeting in the middle.
A professional appraiser or realestateagent can help you figure out how much to list your home for. Roofstock Marketplace , for example, offers services to help sellers who need to sell their homes fast, including key market insights to help with pricing. Hire a RealEstateAgent.
More for RealEstate Enthusiasts. Four renovations to consider before selling your house. Your next move would be to renegotiate with the seller. Your realestateagent can help if you decide to go this route. Ask for seller concessions to make up for the increased price.
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. Focus on equity solutions : Understand and promote HELOCs and second liens to address borrower needs for cash flow improvement or home renovations.
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
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. There is no advantage to either buyers or sellers in this type of market.
Realestate closing gifts personalize and ultimately strengthen the relationship between you and your client, which can lead to a string of referrals. We curated some standout closing gift ideas for buyers and sellers and assembled this guide to help you navigate the closing gift process.
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.
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.
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!
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.
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.
Are there any improvements or renovations you’ve done to the home?” 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. All the contracts, disclosures, and paperwork your lead will need to sign to hire you as their listing agent.
Listings are the life-blood of all successful realestate 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. Host open houses for other agents When you have your own listings, absolutely do your own open houses.
You can then use their report to renegotiate with the sellers — asking them to make the repairs themselves or reduce the sales price to account for the added repair costs. Were those recent renovations done up to local code? But before you opt-out, talk to a local realestateagent first.
Realestate farming also includes traditional marketing methods like sending direct mailers, knocking on doors and nailing your locally relevant social media presence. Why should I try realestate farming? If you have a marketing need, it’s got the AI-assisted realestate marketing tool for you.
Realestateagents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Whether youre representing a seller or assisting a buyer, the more accurate and complete the information you provide, the smoother the process will be.
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.
Virtual open houses are a unique way to help you stand out from other agents as a tech-savvy marketer and can help get your listings in front of hundreds (possibly thousands) of potential buyers online. Completely renovated and ready for you to move in, plus it has a huge basement (not even included in the square footage!)
As part of our Question of the Month survey series, we asked members of our appraisal community, “What’s one thing you wish realestateagents knew about the appraisal process?” Was the seller highly motivated? ” “We do not adjust dollar for dollar with regards to upgrades/renovations/updates.
Realestateagents, as trusted guides for their clients, must possess a good understanding of the factors that influence property appraisals. In this blog post, I’ll discuss key appraisal factors, and common challenges, and offer valuable insights for realestateagents to navigate the appraisal process effectively.
Pricing a property correctly from the outset is crucial for attracting potential buyers and maximizing the seller’s return on investment. In this blog post, we will delve into the concept of the Law of Diminishing Returns and explore how realestateagents can utilize this knowledge to effectively price their listings.
Tips To Make An Agent’s Life Easier The job of a realestateagent is extensive. There was a popular post that many agents were sharing on Facebook recently that listed all of the hats that an agent must wear. Two things can happen with this occurs.
When selling a home though, most realestate professionals will vouch that — as far as home improvements are concerned — kitchen renovations are worthy investments that will likely increase your resale value. Free Guide : Become a social media master with this free Social Media Toolkit for RealEstateAgents.
This post will explain what happens when an appraisal comes in low and outline the options for both buyers and sellers. Understanding the Appraisal Gap A low appraisal means the independent appraiser has determined the fair market value of the property is less than the price the buyer and seller agreed upon.
For some homeowners, extensive renovations can present a challenge in terms of time and finances, particularly if you plan to move out of your home soon. Talking to your realestateagent or appraiser is also helpful to get a professional’s point of view. I hope you find her article to be helpful!
This is a reality that many sellers are unwilling to accept unless they are forced to. Many current sellers have begun a renovation but have run out of money prematurely as inflation has caused cost overruns and capital is less available to fund shortfalls. These sponsors may skip steps and cover up shoddy work.
The Houzz app is an excellent tool to add to your suite of buyer services, helping you stand apart as a professional home consultant–not just an agent. Here’s why: While the output from other free AI tools is limited to data from 2021 (which might as well be from the Jurrassic era), Copilot’s free version has access to the internet.
When it comes to nuisance neighbors, I try to visit with realestateagents who have recently sold properties that are within close proximity to the property I am appraising, if possible. Most agents are great to visit with about things like this and are generous with their time, at least in my experience. Probably not.
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. My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. It is free to visit.
Find realestateagents near me when you need help identifying and evaluating renovation expenditures for a potential investment property. Table of Contents What Is a RealEstateAgent? Pros…
WHAT TO KNOW ABOUT HOME RENOVATIONS IN 2023 In recent years, the world has undergone a multitude of changes, and the home renovation industry is no different. Factors such as supply chain disruptions, project delays, and increasing costs have greatly impacted both new construction and ongoing renovation projects.
But there are still many great opportunities if you’re patient and have a great realestateagent and lender.”. ” 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.
Red Flags: The seller demands payment upfront. Sellers are often on a time crunch to get properties locked into a contract, which leaves little time to properly deal with the unexpected. While many sellers are respected professionals and would fully fix the issue before listing, it doesn’t hurt to do your research as a buyer.
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