Housing Wire

SEPTEMBER 12, 2023

Everyone wants to know: How do I create a steady flow of repeat and referral business? It is almost always because the seller already knew the agent! GOAL: Be that agent who the seller already knows and gets that listing. Everyone loves repeat and referral business Why? The prospect already knows you and trusts you.

Real Estate 369

Real Estate Agents Clients Sellers 369

Housing Wire

NOVEMBER 7, 2023

Repeat, referral, lather, rinse and repeat. Find them their dream home. It’s YOUR job, not theirs to find the right home for their needs. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Be more creative in your MLS searches.

Clients 386

Clients Buyers Real Estate Agent Real Estate 386

Housing Wire

JULY 20, 2023

According to the National Association of Realtors , 67% of sellers were referred to their agent by a friend, neighbor or relative; or used their agent previously to buy or sell a home. 74% of sellers say they would use that same agent again, or recommend them to others. Repeat client business doesn’t happen by accident.

Clients 235

Clients Real Estate Open Houses Agents 235

Inman

FEBRUARY 14, 2024

History has repeatedly shown us that ideal market conditions make April the prime time for selling a home, characterized by above-average prices, strong buyer demand, quick sales, and less competition.

Sellers 122

Sellers Agents Buyers Marketing 122

Housing Wire

MARCH 29, 2024

District Court for the Southern District of New York , Hao Zhe Wang accused real estate industry players of “agreeing, combining and conspiring to impose, implement and enforce anticompetitive restraints and the cause Plaintiff to pay inflated commissions on the purchase and sale of his homes in violation of federal and state statutes.”

Advertising 413

Advertising Real Estate Realtors Buyers 413

Housing Wire

OCTOBER 20, 2023

I am repeating myself but bear with me. No seller must use a real estate agent to sell a home — ever. Consumers are free to sell or buy a home without an agent — and consumers know this. They may buy directly from a seller, whether that seller is represented by an agent or not.

Real Estate Agent 424

Real Estate Agent Real Estate Brokerage Agents 424

Housing Wire

AUGUST 18, 2023

Not prequalifying is unprofessional and can waste your time and the sellers. Don’t lose the listing of a motivated, have-to-sell seller over price. It’s not unusual for a homeowner to believe that their home should fetch a price higher than the comps. Secret #1 Sellers overprice out of either ignorance or arrogance.

Sellers 361

Sellers Construction Real Estate Finance 361

Housing Wire

JULY 25, 2023

There is no greater problem for a motivated seller than figuring out why their home didn’t sell! You are a real estate professional , they have a home to sell. Let’s break down the numbers: When you have 10 conversations per week with expired sellers, two to three will relist the property immediately.

Real Estate Agent 292

Real Estate Agent Real Estate Agents Sellers 292

Housing Wire

MARCH 2, 2023

Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said. So why aren’t home prices falling further? “Lower mortgage rates back in January brought buyers back into the market.

Mortgage 436

Mortgage Buyers Loan Officers Marketing 436

Housing Wire

MAY 4, 2023

On the one hand, elevated mortgage rates continue to erode buyers’ purchasing power, and in some markets, home prices are falling. On the other hand, inventory is still low, and homes are still selling fast, often with multiple offers. Home shoppers who are waiting to score a deal are going to be disappointed in 2023.

Housing Market 403

Housing Market Marketing Inventory Buyers 403

Housing Wire

JULY 20, 2023

With record-low inventory nationwide, real estate agents seem to be hearing the same thing day in and day out: “I’d list my home, but where would I move?” While that’s one method of finding a home for your would-be sellers to buy, you can’t end the conversation there and expect to do any business this year. range currently!

Sellers 280

Sellers Clients Inventory Agents 280

Housing Wire

JUNE 19, 2023

It’s fair to say that almost everyone living in a home today worked with a real estate professional to purchase or mortgage their home. The newest prop tech applications to moat the client relationship are home management tools. The newest prop tech applications to moat the client relationship are home management tools.

Real Estate 289

Real Estate Business Clients Client Relationships 289

Housing Wire

APRIL 16, 2024

Additionally, while NAR, Anywhere, RE/MAX, Keller Williams and Compass have all reached settlement agreements in the commission lawsuits, these settlements only apply to the lawsuits with home seller plaintiffs. The defendants in the suit include NAR, Anywhere , Keller Williams , HomeServices of America and RE/MAX.

Real Estate 351

Real Estate Realtors Law Legal 351

Housing Wire

DECEMBER 8, 2023

In fact, you will become known as a true professional and receive repeat and referral business as a result of doing the best job possible for your clients. Are they in a situation where they can compete for a home if necessary? Find them the right home Inventory is scarce, and will likely stay that way for a while.

Clients 403

Clients Real Estate Inspection Buyers 403

Housing Wire

FEBRUARY 24, 2022

billion revenue, which mostly stems from a 5% sales fee charged to home sellers and proceeds from flipping homes. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. The company also grew the price range for which it buys homes and where it operates. The company tallied $8.0 Wu did not answer.

Investors 427

Investors Real Estate Inventory Brokerage 427

Housing Wire

NOVEMBER 12, 2020

According to the National Association of Realtors 2020 Profile of Home Buyers and Sellers, 47% of potential homebuyers said student loan debt was the biggest obstacle in saving for a downpayment. Over the course of this year, home prices have continued to tick upward due to low inventory and high demand. Presented by: FormFree.

Buyers 448

Buyers Realtors Sellers Inventory 448

Housing Wire

DECEMBER 30, 2023

Going into 2023, people thought housing inventory would skyrocket, home prices would crash, and we would see the housing market of 2008 all over again. The speed at which home sales crashed in 2022 was historic, but in 2023, no matter how high mortgage rates got, new listings data didn’t create a new leg lower.

Inventory 502

Inventory New Listings Housing Market Mortgage 502

Housing Wire

MARCH 5, 2024

Housing affordability is at its lowest level in more than a decade, according to the National Association of Home Builders (NAHB), and there are few ways to circumvent the rising costs of housing. An assumable mortgage enables a qualified buyer to take over a seller’s mortgage terms, including the existing balance and interest rate.

Mortgage 411

Mortgage Buyers Agents Real Estate Agent 411

Housing Wire

NOVEMBER 29, 2022

Yearly home-price growth continued to slow in September, with the year-over-year price gain shrinking for the sixth consecutive month, according to the S&P CoreLogic Case-Shiller National Home Price Index , released Tuesday. Nationwide home prices posted an annual gain of 10.6% in home prices. “On

Inventory 354

Inventory Contracts Sellers Finance 354

Housing Wire

JUNE 7, 2022

Consumers’ concerns about housing affordability are squeezing would-be homebuyers out of the market, according to Fannie Mae ‘ s Home Purchasing Sentiment Index , which tracks the housing market and consumer confidence to sell or buy a home. A survey-high of 79% of consumers believe it’s a bad time to buy a home.

Mortgage 375

Mortgage Housing Market Contracts Construction 375

Housing Wire

JANUARY 26, 2024

Ketchmark told webinar viewers that when he and his wife went to buy their first home, they sat with their agent and looked at for-sale properties in a phonebook-style MLS listing book. Home sellers can do as they please, and if they don’t want to hire a Realtor, they don’t have to.

Realtors 423

Realtors Law Agents Real Estate 423

Housing Wire

SEPTEMBER 2, 2021

Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. The company works to make purchasing a home easier by fronting prospective buyers the funds to make all-cash offers. It also allows sellers access to a network of pre-approved buyers to expedite the process.

Real Estate 300

Real Estate Buyers Sellers Investors 300

Housing Wire

FEBRUARY 14, 2024

If you’re known in your market as the expert who successfully sells properties between $1 to $3 million, how do you start getting clients looking for homes valued at $10 million+? How do you convince the sellers of $15 million homes to work with you? Visit Coffee & Contracts 2.

Real Estate Agent 390

Real Estate Agent Real Estate Agents Luxury Properties 390

Housing Wire

APRIL 25, 2022

Large mortgage sellers and servicers faced severe margin calls , and it took several weeks for them to get the go-ahead from the Federal Housing Finance Agency to draw on their liquidity buffers. It’s a scenario that large nonbanks are hoping not to repeat. Treasury in 2021 caught many in the mortgage industry off guard.

Sellers 335

Sellers Government Mortgage Finance 335

Appraisal Buzz

SEPTEMBER 26, 2022

It says buyer and seller are: Prudent and knowledgeable. However, something had gone wrong, and it seemed the wrongness was destined to repeat every 10-12 years, as it always had. Implicit in this definition is the consummation of a sale as of a specified date and the passing of title from seller to buyer under conditions whereby?

Market Value 321

Market Value Sellers Buyers Finance 321

Housing Wire

SEPTEMBER 7, 2023

Attorneys, Realtors and clients are a big part of our repeat business.” Sellers want their listing broker to pay the buyer broker’s compensation because it will result in the most buyers being able to afford their house.”

Agents 386

Agents Buyers Loan Officers Real Estate 386

Housing Wire

SEPTEMBER 21, 2022

Buyers and sellers alike have now anchored their expectation of “normal” to sub-3% mortgage rates, multiple-offer bidding wars, and double-digit annual price growth. The normalization will look different depending on local market conditions, but a repeat of the housing market crash is unlikely. The tailwinds. The headwinds.

Housing Market 454

Housing Market Inventory Buyers Marketing 454

Housing Wire

MAY 10, 2022

These reports highlight the difference home buyers and potential home buyers have when embarking on the buying process. The report used real time listing data to show the limited housing inventory and the repercussions to home buyers. Home prices in the last few months have continued to increase at a double-digit pace.

Housing Market 421

Housing Market Realtors Buyers Inventory 421

Housing Wire

MARCH 6, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell 11.8% Leading lenders Among the top 10 lenders, only Goodlife Home Loans (a dba of Traditional Mortgage Acceptance Corp. ) There may also be some easy, repeatable practices you can take from higher-volume regions that haven’t been fully explored in smaller markets yet.

Mortgage 363

Mortgage Marketing Insurance Sellers 363

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning. How do I find a doctor?

Real Estate Agent 292

Real Estate Agent Real Estate Agents Loan Officers 292

Housing Wire

NOVEMBER 29, 2021

Today, pending home sales came in as a big beat of estimates — up 7.5% From the National Association of Realtors : “The Pending Home Sales Index (PHSI), a forward-looking indicator of home sales based on contract signings, rose 7.5% Home sales had a big gap from trending sales to where total sales closed in 2020.

Inventory 529

Inventory Contracts Training Investors 529

Housing Wire

AUGUST 3, 2023

They repeat the mantra “Home buyers and sellers will always need a real estate agent.” AI models might not account for qualitative aspects like architectural uniqueness, interior design quality or the emotional appeal of a home. Sell homes — listing chatbot Great First Impression. Chatbots nurture leads.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Tools 370

Miller Samuel

APRIL 7, 2020

With the sales market slowing down despite entering peak selling season, many homeowners are reluctant to add their homes to the rental market. Now, as I was writing this post a day later, the initial LMAO title ideas felt icky and were not worth repeating. The seller is definitely not the problem. click to expand].

Modernization 221

Modernization Design Sellers Training 221

Will Springer Realtor

JANUARY 2, 2024

Rinse and repeat, anyone? We have turned the page and see signs of hope for an improved year for buyers and sellers – but, consumers may still take a cautious approach amid uncertainty about a possible recession, job security and other potential issues. I can share some keys to a successful home transaction.

Real Estate 63

Real Estate Sellers Housing Market Realtors 63

Housing Wire

FEBRUARY 20, 2023

This will be an exciting week of inventory from the NAR side, but also on the weekly data to see whether 6.80% mortgage rates get fewer people to list their homes to sell and buy another one. One concern I have is that higher mortgage rates can force potential sellers to hold off on adding inventory this year.

Inventory 388

Inventory Housing Market Mortgage Marketing 388

McKissock

AUGUST 7, 2022

The early 2000s housing crisis left many Americans financially devastated after losing their real estate investments and homes. It’s no surprise that people are still wary of repeating this crisis whenever there’s an extreme flux in the housing market — like our current market, almost two decades later. .

Real Estate 91

Real Estate Investing Marketing Buyers 91

Housing Wire

APRIL 24, 2024

Today, It is an all-in-one platform designed to help real estate agents manage many aspects of their business, including building meaningful relationships to grow repeat and referral business with clients. Wondering how? You can define your farm area by zip code or by drawing a polygon or circle on a map.

Real Estate 344

Real Estate Clients Tools Contracts 344