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Opinion: Sitzer/Burnett decision presents an uncertain future for buyer agents

Housing Wire

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

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How to Beat a Contingent Offer on the House You Want

HomeLight

You’re told that the seller is receiving multiple offers, but some have attached contingencies — conditions the other buyers have included in their offers. From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get Started 1.

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Take more time, ask better questions: How loan officers are getting clients in homes as rates soar

Housing Wire

Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. Seller concessions are abundant in some of the markets that have cooled – including Oregon and Arizona – and his clients are able to take advantage of that, Sawyer noted.

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Creative Ways To Win A Bidding War In A Competitive Market

Easy Agent Pro

This can help showcase your commitment, flexibility, and willingness to meet the seller’s needs, ultimately positioning you as the most attractive buyer. Setting a Realistic Budget and Obtaining Pre-Approval Before engaging in bidding wars, creating a realistic budget is essential.

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16 Tips to Win a Bidding War on a House

The Close

Ensure Your Client Has Loan Pre-approval Many sellers are anxious to get to the closing table quickly, which drives many to cash buyers , even for a lower price. Also, understand the difference between a prequalifying and a pre-approval letter. They thought I was a genius—which, of course, I am.

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Your Dream Home Appraised Lower than Your Offer: Now What?

HomeLight

When the appraisal comes in lower than your offer price, it’s either an opportunity for you to renegotiate the sales price with the seller — or it’s going to completely derail your home sale, and you’ll have to start over again. It’s tough to decide between your many options. Table of Contents. What is an appraisal and how does it work?

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

In real estate, the market is tied to the basic economic rule of supply and demand, which determines if a market is a buyer’s market vs seller’s market. I’ll help you identify “ Is it a buyer’s or a seller’s market?” I’ll help you identify “ Is it a buyer’s or a seller’s market?” What Is a Seller’s Market?