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Home prices expected to dip as supply and demand collide

Housing Wire

Inventory grows, sales shrink Redfin said cooler prices stem from a widening gap between supply and demand. Existing-home sales dropped 1.1% Meanwhile, the total number of homes for sale surged 16.7% And the sooner you buy, the sooner you start to build equity. in April compared to a year earlier to reach a six-month low.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

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Real Estate Pending Vs. Contingent: MLS Lingo Explained for Sellers

HomeLight

In the meantime, with a “Contingent” status, the seller is typically allowed to continue showing the home and accept backup offers in the event something goes awry. Home sale contingency This contingency can arise when a buyer must sell their current home before buying yours. Why have a backup offer on hand?

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Active Pending Short Sales: What Are They, And Can You Still Make an Offer?

HomeLight

You see a house you love, but the listing shows that it is an “active pending short sale.”. Can you still make an offer on the house, or are you out of luck? And just what is a short sale, anyway? Is a short sale home purchase for you? And can you still make an offer on an active pending short sale?

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The 10-Step Plan My $1 Billion Team Uses to Find Homes for Desperate Buyers

The Close

Our persistence and strategy led to more than $1 billion in sales in 2021 and we’re on track to hit our goal of closing a thousand buyers in 2022. Steve, Inside Sales Associate, The Reynolds Team Virginia. Write Backup Offers With a Backup Clause Written by an Attorney. Prospect OLD Expireds, Not New Expireds!

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Summer real estate blog topics every agent should consider

Easy Agent Pro

These summer real estate blog topics include: The amount of homeowner equity is at all-time highs. For that same reason, caution against driving around to look for “for-sale” signs. Council buyers to ensure they’re working closely with their lenders so that they’re ready to move if their offer is accepted. The backup offer.

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