Remove Buyers Remove Contracts Remove Inventory Remove Real Estate Agent
article thumbnail

Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. The changing tides Previously, buyers were able to look for over a month, as average days on market continued to climb.

article thumbnail

‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

These housing professionals have been gaming out the potential impact on buyersagents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Two home offices? Real estate agents dish on the latest must-have amenities

Housing Wire

In the age of COVID-19, Peck Barham knew that prospective home buyers would pepper him with questions about home offices as they decamped downtown Birmingham for the spacious suburbs. But the agent with TeamBarham, Keller Williams Homewood didn’t expect the grub question. The post Two home offices?

article thumbnail

5 ways to provide overwhelming value to buyer clients

Housing Wire

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Find them their dream home.

Clients 376
article thumbnail

No seasonal slowdown this year as real estate agents report a busier-than-usual fall

Housing Wire

” Kanacki’s market, like many others, remains competitive as buyers continue to experience bidding wars amid historically low housing inventory and an uptick in home prices. “I 20, the National Association of Realtors said that contract signings were up 23% year over year. Over the last four weeks ending on Sept.

article thumbnail

Buyers are getting cold feet as mortgage rates exceed 7%: Redfin

Housing Wire

Buyers facing high mortgage rates are pulling out of their home-purchase agreements at the highest rate in nearly a year. of homes that went under contract that month, according to a new report from Redfin. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

Buyers 399
article thumbnail

Redfin: Over half of buyers are going above asking price

Housing Wire

Diving deeper, for the two week period ending May 9, 2021, 57% of homes that went under contract had an accepted offer within the first two weeks on the market. ” How real estate agents can alleviate consumer pain points in a tight market. But that’s not slowing down buyers. from a year ago.

Buyers 414