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Buyers are being picky — here’s how you can navigate it as a real estate agent

Housing Wire

For what felt like a moment in time, buyers enjoyed the luxury of being incredibly picky, carefully selecting what felt like their dream homes in a market that had shifted towards more favorable conditions. While I hate to be the bearer of bad news, that era is almost most definitely drawing to a close.

Agents 424
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Real estate agents wonder if inventory levels will ever return to ‘normal’

Housing Wire

Nationwide, pre-pandemic the first week of February typically marks the lowest point for housing inventory during the year, as sellers return to the market in time for spring, but since the onset of the pandemic this predictable trend has been thrown out the window. “ It is maybe $10,000 or $15,000 at most.”

Agents 382
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9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year

The Close

Want to work with all-cash buyers who scoop up multiple properties per year, close fast, and won’t drag you to open houses every Sunday? Don’t get me wrong—this is not a get-rich-quick scheme for new agents and it certainly isn’t for everyone. Be an Expert in Your Market. Learn How to Be a Trusted Adviser.

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Connecticut Home Sellers Can Expect to Pay These Closing Costs

HomeLight

If you’re selling a home in Connecticut, you should familiarize yourself with closing costs that sellers pay to finalize the transaction. The average closing costs for home sellers fall between 6% to 10% of the home’s sale price. Some closing costs apply to nearly every home sale. Agent commissions. Loan reconveyance fee.

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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.

Agents 77
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Countdown to Closing: How Long Does it Typically Take to Sell a House?

HomeLight

home was on the market for an average of 24 days , with Ellie May estimating an average of 46 days to close on a purchase loan. That’s 70 days — or a little over two months — from listing to closing. In fact, 24 days from list to offer is pretty swift, historically speaking. Condition of the home.

Closing 120
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. Access to a hyper-local agent is more important now than ever. Better yet, get permission from the listing agent to do a mailer around their sold listing, if possible.

Brokerage 360