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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

When it’s time for a price reduction, real estate agents must conduct market research and rely on the data. The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. Pricing real estate is an art and science. But it’s critical to dig deeper.

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Selling a House ‘As Is’ in Michigan

HomeLight

Fast facts about selling a house ‘as is’ in Michigan Median sales price in Michigan $291,186 Average days on market (DOM) for Michigan 42 Days Disclosures Michigan law requires sellers to disclose material facts about the property through the Seller Disclosure Act (Act 92 of 1993). MLS has a field to mark a listing “as is”?

As-is 85
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Selling a House ‘As Is’ in Tennessee

HomeLight

A lot of people don’t have the money — they’ve got equity in their home, but they have no way of accessing it,” says Eddie Crosslin , an agent with Crye-Leike Real Estate Services. Melinda is a top-selling agent in Tennesee who completes 18% more sales than the average agent in the state.

As-is 97
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Selling a House ‘As Is’ in Louisiana

HomeLight

Review your options to sell ‘as is’ in Louisiana The main options to sell a house ‘as is’ include: List ‘as is’ with the help of a real estate agent A great real estate agent will assist in listing and selling a home “as is.” These companies can help sellers cash out quickly, and many will cover a seller’s closing costs.

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How to Sell a House by Owner in Colorado

HomeLight

Inventory is starting to rise along with the average number of days on market as of September 2022. Often, the decision to go for sale by owner (or, “FSBO”) is motivated by a desire to save on agent commissions. Within three weeks of marketing on their own, 80% to 85% of FSBO people will contract with a real estate agent.

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How to Sell a House by Owner in Texas

HomeLight

Often, the decision to go for sale by owner (or “FSBO”) is motivated by a desire to save on agent commissions. While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. That 6% is deducted from the seller’s proceeds at closing.

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How to Sell a House by Owner in Arizona (2022 Updates)

HomeLight

With such impressive sales figures, some sellers may be curious about how to sell a house by owner in Arizona — a decision that could help them save on agent commissions. While FSBO can work, it does come with some risks, including the possibility of selling your house for less than market value. What's Your Arizona Home Worth?