Listing Spark
MARCH 18, 2024
In modern practices, there are plenty of online tools homeowners can use to navigate the market, negotiate deals, and successfully sell their homes without hiring a real estate agent. Then, see how innovative tools and services can help you manage the project based on your preferred timeline and budget. How is it helping?
Lamacchia Realty
OCTOBER 25, 2023
Now, a year and a half later, with rates up to 8%, buyer affordability is significantly diminished. Coming from the frenzied pandemic market where inventory was at historically low levels , sellers are holding the line and buyers are still the ones competing in this market. In the graphic to the right, you can see this more clearly.
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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.
Birmingham Appraisal
FEBRUARY 20, 2024
One tool the agent uses to price the property is the Comparative Market Analysis or CMA, and by sharing this with the appraiser they can better understand what went into the agent’s pricing strategy. Each will determine what features move the needle on value for buyers and this will be reflected in their opinion of value.
Lamacchia Realty
AUGUST 3, 2021
Though there were several months through winter and spring that it never seemed possible this year, the market is slowly beginning to be less competitive for buyers. But if the home has been available long enough, it’s time to consider adjusting the list price to gain more visibility from more potential buyers.
Lamacchia Realty
MARCH 12, 2024
With an expert in their corner, buyers will have a highly skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Some buyers send that message with a heartfelt letter showing how much they love the home. Appeal to their emotions. Real estate is a long game.
Lamacchia Realty
JANUARY 10, 2022
In this ultra-competitive market, buyers need to do all they can to make the strongest offer when the right house becomes available. Then buyers will have a highly-skilled professional to help them implement some of the following tactics to help set their offer apart from others in a bidding war. Consider Waiving Inspection.
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