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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 454
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Brand Report: Three Months of Record-Breaking Home Sales

RIS Media

The streak of record-shattering home sales stretched to three months in September, as closings rose 21.1 On average, homes sold in a mere 39 days—a full week faster than in September 2019. percent year-over-year as the number of homes on the market dropped to an all-time low in the 13-year history of the report.

Branding 128
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5 Reasons Today’s Housing Market Is Anything but Normal

Keeping Current Matters

Using this definition, here are five housing industry metrics that prove we’re nowhere near normal. Today, the average mortgage rate stands at 2.87%, which is very close to the historic low. Months’ Supply of Inventory (Homes for Sale). Currently, the supply of homes for sale is anything but usual, typical, or routine.

Marketing 254
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

This is especially effective if you’re newly licensed, just moved to a new area, or simply as an introduction if you’ve haven’t previously told your neighbors that you’re in the real estate industry. You’ll want to include the list price, sale price, and days on market. Great news! Your neighborhood is hot!

Brokerage 389
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4 signs a pending home sale will fall through

Real Trends

With a little bit of informed vigilance, you will be able to increase your rate of successful closes. Keep reading to learn about the reasons a deal is starting to slip and the warning signs that a deal will never close. How often does a pending home sale fall through? Once signatures have been completed, the deal is closed.

Sales 60
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Top 10 Home Features that are Surprisingly Enticing for Buyers

Broke Agent Media

Of the 271 home features and design terms researched, the top ten listed here added the highest sale premiums. While some of the top features also led to faster home sales, others contributed to longer days on market. to the sale price, while trendy extras like terrazzo and “she sheds” added 2.5% Open shelving (3.5)

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Brand Report: RE/MAX Reports May Home-Sales Slump

RIS Media

Sales dipped 0.2% drop in listed homes at a time of year when active inventory is normally building for peak summer sales months. But two other metrics confirm that the frenzied seller’s market marches on: Months supply of inventory dropped to 1.1 months and homes changed hands in a mere 28 days. May’s 1.1