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19 real estate agent tips for beginners to kickstart their careers

Housing Wire

Have at least six months of savings in the bank Selling real estate takes time. Have at least six months’ worth of living and business expenses in the bank before you quit your other job and go all-in on your new real estate career. Pro Tip Open a separate bank account just for taxes. By studying the market.

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I’m Ready to Buy a House, But Can’t Afford Much: How Do I Find Cheap Houses?

HomeLight

Get Started Lauren Rosin , a real estate agent in Arizona who works with investors looking for deals, advises buyers looking for cheap houses, “Partner yourself with someone who’s in the market, not someone stuck on the multiple listing service (MLS).”

MLS
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From consultation to closing: The definitive homebuying checklist

Housing Wire

This typically includes: Recent pay stubs Last two years tax returns Recent bank statements Proof of any additional income or assets Discuss the budget Once you have the mortgage pre-approval, have an open conversation about your client’s financial situation. How will these factors affect a potential offer?

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9 Buyer Agent Mistakes That Are Killing Deals (and Your Reputation)

BAM Media

If the number in the MLS doesn’t say “cell,” don’t assume it is. Showing Up Unprepared Showing homes without knowing the comps, days on market, or list-to-sale price trends is lazy. Instead, come prepared with a printed itinerary, MLS sheets, and bullet-point notes. They don’t read the MLS instructions.

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Selling a House ‘As Is’ in Minneapolis

HomeLight

Fast facts about selling a house ‘as is’ in Minneapolis Median sales price in Minneapolis $408,000 Average days on market (DOM) for Minneapolis 28 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement MLS has a field to mark a listing “as is”?

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Why Sellers Are Delisting—and How to Keep Them From Walking Away

BAM Media

The median days on market is now 53, five days longer than last year and back to pre-pandemic norms. More sellers are walking away from the market rather than accepting an offer below their expectations. It’s what banks and appraisers rely on, but it may feel conservative to sellers who remember 2021. Don’t argue.

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Xactus targets lenders through active listing data

Housing Wire

Xactus Wednesday announced its new active listing scan program, which will scan residential addresses for changes in listing status and the average number of days on market for a neighborhood. The monitoring program, covering all 50 states, includes MLS listing data as well as public records from data aggregators.