Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The 10-year Challenge (2009 vs. 2019). Meanwhile, sellers are anchored to another market completely, he said.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Will Springer Realtor

JUNE 1, 2021

(This is an updated post from one originally published in January 2019.). One of the most valuable components to a buyer’s offer is the home inspection contingency, an opportunity to check the condition of the property before agreeing to close the deal. The buyer’s broker will review timelines and help find a reputable inspector.

Inspection 36

Inspection Buyers Sellers Open Houses 36

Birmingham Appraisal

JANUARY 11, 2023

The higher rates resulted in larger mortgage payments which took many buyers out of the market. The dynamics of supply and demand dictate that as demand decreases (because buyers are leaving the market due to higher mortgage payments) prices will drop. The graph below reflects the sales volume for 2019 through 2022.

Housing Market 83

Housing Market Marketing Inventory Sellers 83

Lamacchia Realty

OCTOBER 25, 2023

Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher.

Bracketing 65

Bracketing Marketing Sellers Buyers 65

Lamacchia Realty

AUGUST 26, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Sellers still have the upper hand in this market as inventory is still a tight commodity with the increase in sales. Prices are still on the rise as buyers out compete one another in bidding wars, inflating sale prices.

Inventory 67

Inventory Sellers Buyers Real Estate 67

Will Springer Realtor

AUGUST 11, 2023

As the chart shows, a historically large segment of Millennials is inching toward 36, the median age of a first-time home buyer in the U.S. Click to expand any image or graphic from my newsletters and blog posts.) An index score of 100 means that a buyer with a median U.S.

Buyers 36

Buyers Development Construction New Listings 36

Lamacchia Realty

JUNE 21, 2022

Now, months later, with rates up nearly 100% from the start of the year- January mortgage rates were hovering in the low to mid 3’s and this week reached 6.28%- diminished buyer affordability is causing a big downshift in demand. Rising prices weren’t favorable but with historically low mortgage rates , they were still affordable for buyers.

Housing Market 65

Housing Market Bracketing Marketing Sellers 65

Will Springer Realtor

MARCH 21, 2023

I have written nearly 400 blog posts and dozens of monthly newsletters on residential real estate, and no topic is higher in priority than the one that covers the risks of losing money to criminals. Anything outside of the normal method of communicating with their real estate team should prompt buyers and sellers to think twice.

Real Estate 36

Real Estate Sellers Buyers Real Estate Agent 36

Lamacchia Realty

DECEMBER 21, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. Buyers were able to take advantage of a good fall market where rates were still low, despite some fall increases, and competition eased slightly compared to earlier in the year. 2021 – 6,025 2020 – 6,361 2019 – 5,528. year over year.

Sellers 68

Sellers Buyers Landlords Tenants 68

Lamacchia Realty

SEPTEMBER 13, 2022

That is why pricing your home accurately from the beginning will typically generate increased activity from buyers and higher offers. These days, buyers have access to the same information as REALTORS and are not fooled by an overpriced home; they will typically steer away from it if they believe the price is too high.

Inventory 73

Inventory Sellers Agents Buyers 73

Simonson Real Estate

FEBRUARY 26, 2021

from 2019 to 3 rd Quarter 2020, including new properties still in the lease-up phase. annually from 2016 to 2019 slowed to a positive 1.2% We went straight to the source and conducted interviews of actual owners, buyers, sellers, managers, and brokers that are active in the current market to get statistics to apply in our analysis.

Landlords 117

Landlords Tenants Buyers Development 117

Will Springer Realtor

APRIL 9, 2024

That was highlighted by a 30% month-to-month gain in total home sales (single-family, townhome and condos combined) across the county in March and unseasonably low supply for buyers. However, we are missing the typical boost of sellers. So, multiple years of rates staying higher will get us slowly back to 2019 levels. “If

Marketing 60

Marketing Inventory Buyers Sellers 60

Birmingham Appraisal

APRIL 24, 2024

Buyers got used to the lower-than-normal rates and when they compare them to what we have now it causes them to pause because the increase has cut into their buying power. Sale Price Negotiation: Sellers maintained a stable position in negotiations, with the average sale price to list price ratio (SP/LP) remaining constant at 97%.

Real Estate 71

Real Estate Marketing Sellers Buyers 71

Lamacchia Realty

NOVEMBER 16, 2021

Quite often, too often, in fact, REALTORS ® hear home sellers say that they want to take their home off the market for the holiday season. Their concerns usually stem from the misconception that buyers are not looking during November and December because they’re halting their search for the holidays. In many cases, this is not correct.

Inventory 69

Inventory Buyers Sellers Realty 69

Lamacchia Realty

MAY 25, 2021

This month’s report will be unlike years past due to the lingering effects of COVID and the massive amount of home sellers that didn’t list last year, and so 2019 will be discussed to compare this month to a market not impacted by a pandemic. versus 2019. when compared to 2019. when compared to 2019.

Sellers 51

Sellers Buyers Real Estate Inventory 51

Will Springer Realtor

SEPTEMBER 20, 2022

Instead, the revisions place the burden on sellers to make an offer of compensation to a broker who brings a buyer into the transaction – a decision put in writing before the home hits the market. Buyers will want to discuss potential scenarios with their broker and lender before embarking on home tours and well before making an offer.

Sellers 36

Sellers Brokerage Real Estate Buyers 36

Quicken Loans

DECEMBER 16, 2021

So, it’s no wonder that a year like that left experts and new buyers guessing. Buyer demand continued. With a larger portion of the population working from their home, prospective buyers could move toward more suburban areas. These conditions make a seller’s market, meaning the seller has the upper hand.

Housing Market 78

Housing Market Marketing Inventory Real Estate 78

Lamacchia Realty

MAY 6, 2021

This site gets over 3,000 views a day on average so having it be a clean and straightforward resource for buyers and sellers is of the utmost importance. Ensuring buyers, sellers, and agents alike feel serviced by this clean and slimmed-down site is no small feat. There is something for everyone! Marketing Manager.

Realty 65

Realty Brokerage Sellers Renovations 65

Annarbor Appraisal

APRIL 9, 2020

In June 2019 I wrote a piece about Ann Arbor for Mobility Magazine. Buyers, sellers, and the Realtors who work with them are adaptable, and some transactions have continued via virtual showings. Many agents have noted that their buyers are reticent to purchase in this manner. That said, we are not immune.

Buyers 78

Buyers Property Taxes Sellers Realtors 78

Will Springer Realtor

JUNE 8, 2021

As buyers look for their next home on the property ladder – whether it’s a first-time purchase or downsizing from a large home – they should strongly consider a condo purchase in their future. Beyond the bright lights and many conveniences that a city provides, living in an urban area can be the best option for buyers. from April 2020.

Buyers 36

Buyers New Listings Marketing Inventory 36

Cornerstone

OCTOBER 5, 2021

This is excellent news if you’re a seller. Average days on the market reflect current levels of buyer demand. If homes are flying off the shelves, so to speak, buyers need to be prepared to act and put in an offer quickly to beat out their competition. Buyers will likely compete for your home.

Sellers 53

Sellers Loan Officers Inventory New Listings 53

Hood Homes Blog

SEPTEMBER 23, 2019

Updated 9/23/2019; Originally published 4/9/2018. The Seller’s Disclosure is required by law, but ultimately not very useful Do your own due diligence on a property, including a third party inspection ! The seller is responsible to keep the seller’s disclosure updated. Texas Seller’s Disclosure Law.

Inspection 54

Inspection Sellers Agents Law 54

Lamacchia Realty

APRIL 21, 2022

So here are a few tips to help you stay ahead of the mess and keep your home looking more like a design blog than a toy catalog. Use these tips when preparing for an open house as well as it’s part of effectively staging a home for potential buyers. Buyer Resources. October 29, 2019. Seller Resources.

Decorating 67

Decorating Buyers Realty Open Houses 67

Simonson Real Estate

JUNE 10, 2020

This is good for the buyer, the seller, the lender, and the appraiser. Reduced buyer demand can also impact pricing. For the buyer/borrower, major market events can mean greater uncertainty, potential timing delays, or having to increase the down payment if the value is different than originally expected.

Real Estate 148

Real Estate Appraisal Clients Valuation 148

Will Springer Realtor

MARCH 14, 2023

Unless the listed home is in a favorable location, priced competitively and move-in ready, activity has been somewhat muted as prospective buyers and sellers wait for economic conditions to improve. Sellers who priced their homes appropriately enjoyed busy open houses in their first weekend on the market followed by multiple offers.

Marketing 36

Marketing Buyers Inventory Sellers 36

Will Springer Realtor

AUGUST 9, 2021

Among the notable names this time: Bernardine Evaristo, 2019 Booker Prize winner (Girl, Woman, Other), Jelani Cobb of The New Yorker, and Anthony Doerr, 2015 Pulitzer Prize winner (All the Light We Cannot See). It’s a great opportunity to immerse yourself into insights and revelations. Thanks for reading! appeared first on Will Springer.

Real Estate 36

Real Estate Modernization Sellers Retail 36

Birmingham Appraisal

MAY 11, 2022

There is a direct relationship between the health of the market and buyer activity. This increase, combined with higher interest rates, may keep many buyers out of the market as rates continue to rise. In a buyer’s market, the inventory is much higher and buyers have more choices. Number of Homes Sold.

Housing Market 52

Housing Market Marketing Inventory Buyers 52

Birmingham Appraisal

JUNE 28, 2022

From 2019 to 2021 the percent of Active Listings in Jefferson County with price drops had decreased, however, in mid-April of this year, the trend has continued to rise and has surpassed the past 4 years to 4.4%, compared to the low last year of 2.5%. The recent increase in interest rates has affected potential buyers. Conclusion.

Real Estate 52

Real Estate Marketing Inventory Sellers 52

Will Springer Realtor

SEPTEMBER 12, 2023

The market is spooking many potential buyers and sellers thanks to stubbornly high mortgage interest rates. Only buyers and sellers who must move are doing so. This suggests homes – while far fewer for sale than in recent years – are quickly being scooped up by those few available buyers. from July and up a mere 0.7%

Finance 68

Finance Inventory Construction Buyers 68

Chicagoland Appraisal Blog

JULY 13, 2017

You can employ his strategy which is to offer to make up any shortfall in the appraisal with cash from the buyer to pay the seller, go with a new lender, appeal the appraisal which hardly ever works unless there factual errors as suggested by Mr. Goldberg or might I suggest an ounce of prevention is worth a pound of cure as quoted by….

Appraisal 78

Appraisal Marketing Realtors Real Estate 78

Cornerstone

MAY 21, 2021

As you prepare to buy a home – either as a first-time buyer or as a seller who is buying a new house – it’s critical to know your monthly budget and exactly how much house you can afford. As a buyer or seller, time is of the essence if you want to secure the most competitive rate available so you can afford your dream house.

Real Estate 57

Real Estate Loan Officers Bracketing Sellers 57

Appraisal Today

JANUARY 26, 2024

NOTE: Please scroll down to read the other topics in this long blog post on forecasts for mortgage rates, a look back at the 80s a very similar mortgage market, appraising in a changing market, unusual homes, mortgage origination stats, etc. == A Redesigned $48.5M Slow market with 100% seller financing. baths, 16,225 sq.ft.,

Contracts 85

Contracts Appraisal Mortgage Inspection 85

Lamacchia Realty

NOVEMBER 26, 2021

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. That is part of the reason that we go back to 2019 so that we can get a better comparison. The continued decline in pending sales has helped give buyers more selection as some homes are lingering a bit longer on the market.

Realty 52

Realty Buyers Inventory New Listings 52

Will Springer Realtor

DECEMBER 14, 2021

Welcome to the fourth annual Living the Dream blog predictions and projections in real estate and beyond. Buyers will continue to outstrip sellers by a significant margin but less extreme than in 2021. Mortgage applications are an early sign of buyer demand, which has been sharply higher in recent years amid lower rates.

Real Estate 69

Real Estate Buyers Construction Sellers 69

Will Springer Realtor

JUNE 9, 2021

In between helping clients find their new home or depart from one, I am keeping busy with this newsletter and my Living the Dream blog. In the past four weeks, the blog has looked at Seattle’s newest condo (with video), introduced you to a new John L. Thanks for reading! The post What else is happening in and around your Seattle?

Sellers 36

Sellers Buyers Inspection Clients 36

Lamacchia Realty

JANUARY 24, 2022

2019 will be examined in some areas to highlight the lingering impact of COVID in real estate. That is part of the reason that we go back to 2019, so that we can get a better comparison. Additionally, many buyers are still working from home even after shutdowns were lifted and now have the flexibility to move. What's Ahead?

New Listings 49

New Listings Inventory Buyers Realty 49

Will Springer Realtor

JUNE 13, 2023

Unfortunately for buyers, both figures – prices and rates – are climbing, raising the hurdle to homeownership even higher for many. The pandemic housing market was super-charged by historically low interest rates and buyers seeking more spacious properties amid global health fears. That share from 2000–2019 was an average of 13%.

Buyers 36

Buyers Inventory Construction Finance 36