Housing Wire

DECEMBER 6, 2023

Real estate transactions are rarely stress-free. This holds true for many of the most challenging situations in real estate. Consider the residential client disappointed at the lack of inventory , or the commercial investor with many vacancies in a once-thriving property.

Real Estate 398

Real Estate Legal Tenants Clients 398

Birmingham Appraisal

JUNE 13, 2023

Appraisal Tips For Real Estate Agents As a real estate appraiser with over 30 years of experience, I have seen many changes and challenges in the appraisal profession and the real estate market. I believe that appraisers and agents have a common goal: to help their clients buy or sell a home.

Real Estate Agent 78

Real Estate Agent Real Estate Agents Reconsideration of Value 78

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

DECEMBER 8, 2023

How do you articulate the value you bring when representing a homebuyer in a real estate transaction? Ultimately, every homebuyer prospect, every contract and every negotiation is different, but your value should be consistent for all situations and clients. There are other ways to find inventory rather than just using your MLS.

Clients 408

Clients Real Estate Inspection Buyers 408

Housing Wire

NOVEMBER 7, 2023

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. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Overcommunicate.

Clients 392

Clients Buyers Real Estate Agent Real Estate 392

Housing Wire

OCTOBER 18, 2021

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. Pausing new contracts will enable us to focus on sellers already under contract with us and our current home inventory.”. Overall, Zillow reported $9.6

Renovations 382

Renovations Real Estate Construction Contracts 382

Housing Wire

FEBRUARY 20, 2024

A housing market marked by relatively high interest rates and tight inventory — and punctuated by the practice of home inspection waivers to sweeten offers — are taking a bite out of business for home inspectors, who play a key role in the sales process by ensuring that buyers are not being sold a lemon of a house. Binney said.

Inspection 398

Inspection Real Estate Agent Real Estate Insurance 398

Housing Wire

MAY 20, 2022

Today, homes are selling faster than usual because of the shortage of inventory and high buyer demand. COVID changed the real estate industry in a big way since it provided many people with an opportunity to work remotely and live almost anywhere. Fortunately, there are many ways you can sell your house fast.

Real Estate Agent 392

Real Estate Agent Tenants Real Estate Agents 392

Housing Wire

DECEMBER 20, 2023

Real estate agents and brokers , are you relying solely on that buyer drip you set up for your motivated and qualified clients? Today we’ll show you how to deploy 6 creative ways to get more from your searches so you can get those buyers in contract faster. Has the drip run dry? That probably hasn’t changed.

Real Estate Agent 385

Real Estate Agent Buyers Real Estate Clients 385

Housing Wire

SEPTEMBER 15, 2023

of homes that went under contract that month, according to a new report from Redfin. I’ve seen more homebuyers cancel deals in the last six months than I’ve seen at any point during my 24 years of working in real estate. They’re getting cold feet,” said Jaime Moore, a Redfin Premier real estate agent in Reno, Nevada.

Buyers 407

Buyers Mortgage New Listings Real Estate Agent 407

Housing Wire

OCTOBER 26, 2021

In May the real estate agent listed a two-bedroom home in Fountain Hills, Arizona, 30 miles north of Phoenix, for $342,000. With one of only a few companies that provide an iBuying offering halting business, it does present an opportunity to us as customer demand for streamlined, on-demand real estate solutions remain high.”.

Supply Chain 529

Supply Chain Real Estate Real Estate Agent Clients 529

Housing Wire

MAY 28, 2021

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. Asking prices also reached an average of $361,875, another record high.

Buyers 414

Buyers Real Estate Agent Real Estate Inventory 414

Housing Wire

JULY 26, 2021

As an Irish immigrant to the United States in 1996 who became a real estate broker in 2000, I can tell you this: The U.S. And on top of all that, any buyer in “contract” can get “gazumped” (contracted price goes up) at any time until the final weeks of that sale agreement. The real estate industry and the U.S.

Real Estate Agent 382

Real Estate Agent Real Estate Sellers Legal 382

Housing Wire

JANUARY 3, 2024

Real estate agents are optimistic about the housing market and working to implement buyer agency agreement as we head into 2024, according to the RealTrends Q1 2024 AgentPulse survey. I was already using buyer broker contracts, but now use them 100% of the time.

Agents 364

Agents Realtors Clients Real Estate Agent 364

Raleigh Realty

FEBRUARY 19, 2022

and in order to answer that question, you need to understand how Real Estate Agents make money. If you could go back to your first year as a Real Estate Agent, what advice would you give yourself? One of the first questions new Realtors have for me is always 'how much money will I make in my first year?'

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

APRIL 20, 2022

Bonnie Williamson never intended to be a real estate agent. As more and more people enter the real estate industry – membership at the National Association of Realtors has ballooned to a record 1.6 For brokerages – and agents themselves – transaction sides and sales volume are easy ways to measure productivity.

Real Estate Agent 396

Real Estate Agent Real Estate Agents Brokerage 396

Housing Wire

OCTOBER 23, 2020

And while real estate agents repping luxury homes aren’t seeing as many bidding wars as they did this summer , their respective housing markets are still crazy right now. Contracts during this time also skyrocketed 62%. Since it’s a summer destination, Palm Beach’s busy season for home-buying starts on Nov.

Housing Market 534

Housing Market Marketing Real Estate Agent Real Estate 534

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Anywhere Real Estate just settled two of the cases for a total of $83.5

Buyers 388

Buyers Agents Loan Officers Real Estate 388

Housing Wire

APRIL 21, 2021

Lack of inventory , a national housing issue following the onset of the pandemic, isn’t an issue for luxury homes. The consequences of low inventory finally caught up with the housing market in February, with tightened supply largely responsible for a 10.6% When looking at the largest markets in the U.S., from a year earlier.

Luxury Properties 483

Luxury Properties Real Estate Agent Inventory Real Estate 483

Empire Appraisal Group

FEBRUARY 29, 2024

Lusky, DigitalVision, Getty Images Source: [link] FSBO Sellers Regret Not Having an Agent By Melissa Dittmann Tracey Survey: Sellers who go-it alone are twice as likely to be unsatisfied with the experience – and more likely to say their earlier opinion, “agents are overpaid,” was wrong.

Sellers 78

Sellers Agents Real Estate Agent Real Estate 78

Housing Wire

JANUARY 10, 2024

Between leveraging your personal network, filming YouTube videos and even the unpleasant task of cold prospecting, real estate professionals today wear all the hats. In one moment, you may be a content creator, and in the next, a customer service agent, administrative assistant, marketing strategist, copywriter and editor — all in one.

Real Estate 354

Real Estate Real Estate Agent Tools Agents 354

Housing Wire

APRIL 30, 2021

. “A lot of people list their home as ‘Coming Soon’ on Monday, go live on Friday, consider all their offers Sunday, and the house is under contract by Sunday evening,” Diaz said. “And in that timeframe they’ll get 12 to 15 offers, at least.” “COVID just accelerated everything.”

Housing Market 543

Housing Market Marketing Real Estate Real Estate Agent 543

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. Even some of the most seasoned real estate agents have had to slow down in their current business model.

Lending 441

Lending Mortgage Inventory Business 441

Realtor

OCTOBER 16, 2023

It’s very important for first-timers to do research and understand all their options before they start looking for a home,” says Cara Ameer , a real estate agent with Coldwell Banker who is licensed in California and Florida. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

SEPTEMBER 7, 2022

The inventory of listed homes on the market has been historically low. Listing agents did not have to do as much to get a home under contract as they do in a more balanced market or in a buyer's market. Sellers and their listing agents will have to put forth more effort now.

Real Estate 69

Real Estate Agents Real Estate Agent Marketing 69

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. My favorite, and one of the most valuable and underutilized products in today’s low-inventory market , is the VA renovation loan.

Mortgage 432

Mortgage Renovations Appraisal Process Finance 432

Realtor

JULY 13, 2021

In our current seller’s market, the national inventory of active listings is down 43.1% Contingencies, in the world of real estate, are essentially conditions that must be met to finalize the sale of a home. The provisions of a contingency contract are there to protect buyers and sellers. Home inspection.

Inspection 203

Inspection Real Estate Agent Real Estate Buyers 203

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. The mortgage company is also educating agents in its real estate division, Vylla Home , about the details of the program so that they can work with prospective buyers and sellers.

Mortgage 377

Mortgage Loan Officers Government Buyers 377

Housing Wire

OCTOBER 16, 2023

It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks. This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Rate buy-downs are another option I recommend in this market. Let’s use $10,000 as an example.

Agents 399

Agents Buyers Sellers Inventory 399

Eppraisal

OCTOBER 26, 2021

This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low. According to an article on keepingcurrentmatters.com, "A normal market's inventory sits at 6 months. We're currently at 3.7

Inspection 69

Inspection Buyers Real Estate Agent Contracts 69

Housing Wire

AUGUST 18, 2023

Arrogance is when they won’t listen to comps and have reasons other than real value to try to justify their price. Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Are they already in contract on something?

Sellers 365

Sellers Construction Real Estate Finance 365

Realtor

APRIL 14, 2021

But there are still many great opportunities if you’re patient and have a great real estate agent and lender.”. This can be attributed to low mortgage rates and low inventory creating strong demand from buyers. In this market, we are seeing a lot of appraisal gaps being written into contracts.

Mortgage 159

Mortgage Real Estate Agent Buyers Real Estate 159

Berkshire Hathaway

JUNE 21, 2021

Today’s market is a market of extremes, with mortgage rates hovering near low records, buyer demands higher than ever, with a low inventory of houses, it’s enough to make one’s head spin! Experience: You can’t put a price on experience, a real estate professional has seen it all or done it all and that is invaluable!

Real Estate Agent 63

Real Estate Agent Marketing Realtors Real Estate 63

Cleveland Appraisal Blog

AUGUST 20, 2021

Earlier in the year, I appraised a home to have a market value that was twenty-eight thousand dollars ($28,000) higher than the contract price. Contrary to popular belief, good appraisers do not magically appraise homes at their contract price simply to rubber-stamp a sales price. This is a good example. Here’s another example.

Appraisal 418

Appraisal Market Value Contracts Agents 418

Rowe Appraisal Group

MAY 6, 2020

During a conversation with a real estate agent, I was asked how we support time adjustments when a market is hot and prices are increasing. Have you ever had an appraisal come in below contract price and there were no time adjustments? Supply of Inventory – This is also a big one.

Real Estate 36

Real Estate Appraisal Real Estate Agent Marketing 36

Rowe Appraisal Group

MAY 6, 2020

During a conversation with a real estate agent, I was asked how we support time adjustments when a market is hot and prices are increasing. Have you ever had an appraisal come in below contract price and there were no time adjustments? Supply of Inventory – This is also a big one.

Real Estate 36

Real Estate Appraisal Real Estate Agent Marketing 36

Housing Wire

MARCH 14, 2024

No matter where you are in the state, real estate agents in Virginia are facing low inventory conditions that are creating frustrating scenarios for their buyers. “I For Matt Salway in the Virginia Beach metro area, the tight inventory conditions are creating a rather hot market.

Inventory 398

Inventory Buyers Agents Real Estate 398