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The role of the realestate agent has been under the microscope of late as a result of class-action litigation over agent commissions, but the feedback agents want most about their practices comes from two sources — home buyers and sellers. This was unambiguous among homebuyers.
Nearly three quarters of recent American home sellers said in a Clever survey that using a traditional realestate agent is the best way to sell. Of the 73% who said they preferred using agents, 67% believe traditional realestate agents are still the best option and 6% favor discount agents.
Home sellers who did not list their properties on the MLS lost out on more than $1 billion in sale proceeds over the past two years, according to a study published Monday by Zillow. In 2023 and 2024, Zillow found that sellers who chose not to list on the MLS typically lost out on nearly $5,000, selling their property for 1.5%
Whether you’re looking to start a career in realestate, already have one or are involved in realestate transactions, you may find yourself wondering about industry terminology and job titles. So, let’s start with the basics: What is a realestate broker vs. an agent? Summary What is a realestate agent?
The goal of realestate staging is to highlight all its best features. Its important to communicate to your sellers the value of home staging for realestate by taking out the personalization of the home while keeping the home’s personality and what makes it unique. Make a strong first impression 1.
Realestate referrals are the lifeblood of most top producers’ businesses. In this article, you’ll find nine tried-and-true ways to start and grow your realestate referral business. Summary What is a realestate referral? Sometimes, a realestate agent may choose not to work with a specific buyer or seller.
Despite 2025 housing market predictions changing fast , there are still key themes and trends for realestate leaders to watch to best serve their clients and business. 26 in Dallas to hear her full session on realestate brokerage economics. JL: The role of Realtors will continue to be essential to buyers and sellers.
Confusion and chaos are still a reality for some realestate professionals in the wake of the NAR settlement-mandated business practice changes, but preparation has been key to minimizing the negative impacts. Although the world didn’t end for the realestate industry on Aug. Approaching the Aug.
In this article, we’ve gathered 30 realestate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year. When it comes to selling realestate, communication and timing can make or break your success. Can we discuss your goals?
In a new episode of the “RealEstate Insiders Unfiltered Podcast,” hosts James Dwiggins and Keith Robinson are joined by Zillow Group CEO Jeremy Wacksman for a deep dive conversation that covers the role of technology in realestate and Zillow’s “ Super App.” What does the buyer or seller want?
While new social media platforms seem to pop up all the time, Facebook remains a tried-and-true platform for realestate agents to grow their business in a variety of ways. LCA’s tagline is “exploring the science of realestate,” and you’ll find plenty of advice about technology here. Join RealEstate Mastermind 5.
Commissions paid to realestate agents representing buyers have remained essentially unchanged since new rules on commissions went into effect on August 17 , according to a new analysis from Redfin. Traditionally, sellers paid the buyer’s agent commission as well as their own agent’s commission.
Timing is crucial in a difficult realestate market, and this year, the Realtor.com Best Time to Sell study indicates that the best time for sellers to discover the best balance of market circumstances is between April 13 and April 19. Reduced rivalry between sellers: This week would have 13.2%
Youve likely heard about realestate teams and how they can impact your career but what exactly are they, and why are so many agents joining or building teams? Its important to understand how realestate teams work for you to decide whether its the right career move for you. How do realestate teams work?
Realestate agents often make the mistake of believing their clients will remember them forever but they dont. 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. Summary What is a realestate newsletter?
That’s 12% more sellers than a year ago. It seems more sellers are coming out every week and that will keep inventory pushing upward. Sellers are up, but sales are down. This is different from a hurricane hitting Tampa where the realestate market is big enough to move the needle on national numbers.
What has changed for realestate brokerages since then? 31, 2023, and has since reshaped the business practices for realestate brokerages and agents across the country. “I’m Listing agents are only advertising their seller’s offer of buyer broker compensation if the seller instructs them to do so.
Realestate listing descriptions can be tricky to write, especially for agents who dont have a background in creative writing. Ill teach you how to write a realestate listing description, plus share some creative realestate listing description examples. Why is a good listing description important?
The surge in first-time homebuyers during 2020 has led to a new trend: first-time home sellers. A survey of 1,000 first-time sellers found that 79% regretted aspects of their home purchase, with 91% saying those regrets influenced their decision to sell. With the average U.S.
Understanding that realestate housing markets are hyperlocal, the RealTrends Verified City Rankings represent the newest evolution of RealTrends agent and team rankings. With buyers and sellers increasingly seeking out seasoned agents to navigate new regulations, forms, and shifting processes, local success is a key differentiator.
While the term may sound scaryand is most definitely illegala new survey from CertifID showed how many first-time homeowners are at-risk or more likely to be victims of realestate wire fraud. Only 47% of consumers were informed about the risks by their realestate professionals at the start of the process.
Leading realestate brokerage William Raveis is making another game-changing acquisition before the new year. This week, the firm announced the acquisition of Nantucket, Massachussetts -based brokerage Jordan RealEstate (JRE). The financial terms of the deal were not disclosed.
In the newest episode of the “RealEstate Insiders Unfiltered” podcast, hosts James Dwiggins and Keith Robinson sit down with Robert Morris, a realestate broker, trainer and veteran agent at Keller Williams Capital Properties. Robert Morris: I would say this is the best time to be in realestate.
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. Realestate agents can use this data to identify motivated sellers and people who are likely to buy a home.
The seller mentioned they were now living out of state and wanted to re-evaluate their approach with a new agent, potentially adjusting both the price and marketing strategy. Additionally, many deals fail to verify seller identity upfront, allowing fraudulent transactions to slip through the cracks unnoticed often until its too late.
As we head into 2025, Im optimistic about the Southern Nevada realestate market and the opportunities it presents. Economic landscape and interest rates The political climate is changing, and I believe this will contribute to a heating-up of the realestate market in the new year.
There is an endless supply of realestate statistics out there, but what the heck do you do with all of them? Stats are the fuel to the fire of the realestate market and will make you exude confidence in conversations with potential clientsmaking them feel confident in hiring you to represent them.
In 2011, he founded the innovative brokerage The Agency RE, and he recently launched a realestate agent trade group that aims to serve as an alternative to the National Association of Realtors (NAR). Jeff Andrews: You and Jason Haber recently launched the American RealEstate Association, a trade group alternative to NAR.
Dallas -based United RealEstate has announced another strategic expansion in the Carolinas. Charlotte -headquartered United RealEstate Queen City will open a new affiliate location in Fort Mill, South Carolina. According to a company statement, this move will strengthen the brokerage’s presence in the Carolinas.
AgentCoach.AI , an AI-powered realestate coaching company, is launching a new training platform for realestate agents. Users can access AI bots designed to assist agents with general realestate knowledge, sales, marketing , negotiation and motivation. said in a statement.
As realestate 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.
Data from Altos Research shows that higher mortgage rates aren’t necessarily keeping sellers from listing their homes. The realestate listings giant reported that builders have pivoted toward condominiums and townhomes in their efforts to create more starter-home supply at lower price points. 18 to 6.15% on Tuesday.
The realestate industry is already in a whirlwind and the year has barely kicked off. Firstly, realestate professionals are facing an unyielding storm of new challenges. One thing is clear: This year will demand a shift in how realestate professionals approach their goals. Have a seat and buckle in.
Realestate thank you notes are an easy, underutilized tool in the realestate world. Ill share my strategies and templates so youll be ready to write amazing thank you notes to your clients and stand out among the realestate agents in your area. Think about the last email you received. Youre the best!
In realestate, knowing the keys to a successful negotiation is essential. After 29 years and thousands of listing presentations, I have found that sellers, more than ever, want an agent who has solid negotiation chops and who is willing to use them on their behalf. Negotiation is not just a skill its an art.
New marketplace for motivated sellers That is good news for sellers like Ricardo Sims, the out-of-state landlord who sold the Montgomery properties to Richards via SmartSale. More inventory for boots-on-the-ground buyers Richards started investing in realestate in 2004 and discovered distressed property auctions in late 2019.
But as soon as you get over that anxiety, the sooner youll realize how door knocking in realestate is a tried-and-true lead generation technique that will build your business. The National Association of Realtors reports that online realestate conversion rates are between 0.4% What is door knocking in realestate?
According to new research from Clever RealEstate , a St. Louis-based realestate company, homebuyers spend an average of $31,975 in homebuying expenses, such as closing costs, repairs, and moving, in addition to their down payment. home ($501,500) adding $75,255, the upfront cost totals a staggering $107,230.
NDP Analytics reported that in just one month in 2024, 19% of firms reported a seller impersonation fraud attempt. Consider these stats: FundingShield reported that 45.5% of loans processed in Q4 2024 had issues that lead to wire fraud risks. And the FBI issued a public service announcement over fraudsters usage of generative AI.
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.
Believe it or not, good old-fashioned postcards are still one of the most effective realestate marketing strategies. Even though most agents focus their marketing efforts online, people start thinking about finding a realestate agent well before they hit ENTER on their first Google search. But where do you start?
A new study conducted by realestate advisors Calgaryhomes.ca These results show just how diverse the realestate markets can be across the United States, said a spokesperson from Calgaryhomes.ca. Ranking second easiest for sellers is Allentown, Pennsylvania, with 57.4% has uncovered the U.S. of houses sold.
As inventory builds and, as there are fewer offers from homebuyers , more sellers feel the need to reduce the asking price of the homes for sale. Sellers who dont get an offer may choose to cut their price. There are few offers being made right now, so more sellers are finding the need to reduce their asking price. There are 27.7%
When I first started in realestate , I thought my job was solely about helping buyers and sellers. Realestate agents have the privilege of guiding people through one of their biggest life decisions. Use your network for good : As realestate professionals, we know a lot of people.
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