Housing Wire

JANUARY 10, 2024

Even if you have little competition from other homes for sale, it’s your job (and the seller’s expectation) to market, advertise, show and sell their home in its best light. Mention it in the agent-to-agent comments in the MLS. Are other listings (or new construction) offering seller incentives?

MLS 421

MLS Pre-approval Inspection Agents 421

Housing Wire

AUGUST 10, 2023

While sales of existing homes have been lagging, the challenge comes mainly from too many buyers chasing not enough available properties,” said Ratiu. million annual sales pace is a highlight of solid demand.” Considering that prices have been rising over the past six months and mortgage rates have been pegged above 6.5%

Fixed-rate mortgage 370

Fixed-rate mortgage Mortgages New Construction Loans 370

Notorious ROB

SEPTEMBER 5, 2022

Last year, I wrote something up on BrightMLS’s Off-MLS Study saying that the conclusions of the report were overstated and based on thin and problematic data. In particular, I had issues with the data presented: Simply put, there is a large discrepancy in the median sale price between On-MLS homes and Off-MLS homes.

MLS 88

MLS Brokerage Sales New Construction 88

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. For Sale By Owners are the same. Be more creative in your MLS searches. Remove square footage as a requirement.

Loan Officer 432

Loan Officer New Construction MLS Inspection 432

Housing Wire

JULY 20, 2023

Stop answering clients’ concerns by saying, “Yeah, there’s really nothing on the market, I mean everything in the MLS is already pending. Build a home instead of chasing after the scarce resale inventory 30% of available homes are new construction, so there are several advantages to this option. Next, the house is new.

Equity 285

Equity MLS Construction Agents 285

Redfin

JANUARY 12, 2022

While first-time homebuyers and even seasoned homeowners might have heard of MLS, they may not be familiar with the role it plays throughout the home buying and selling process. Understanding how the MLS factors into the process can help you get the most out of your purchase or sale. What an MLS is and how it works.

MLS 73

MLS Agents Sales As-is 73

Real Trends

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. Private sales, for sale by owner and other sales not found in your MLS could be really good comparable homes, so ask good questions and don’t just assume your seller is overpriced.

Pre-qualification 88

Pre-qualification New Construction MLS Construction 88

Housing Wire

MARCH 25, 2024

New-home sales receded slightly in February but continued to track above last year’s pace, reaching a seasonally adjusted annual rate of 662,000 last month, according to data published Monday by the U.S. decrease from the revised January rate of 664,000 sales, it also marks a 5.9% At the current sales pace, there is an 8.4-month

Sales 465

Sales New Construction Construction MLS 465

Realty Biz

APRIL 19, 2024

Only they have access to real estate comps, MLS listings, and local market trends that can help you buy, rent, sell, or invest in residential, commercial, or industrial real estate. Redfin reported that in January 2024, the American median home sale price was approximately $402,000. This average increased by 5.1

Marketing 90

Marketing Fixed-rate mortgage Construction Residential 90

Housing Wire

JULY 20, 2023

With elevated mortgage rates sidelining both home buyers and sellers, existing home sales fell in June, according to the latest report from the National Association of Realtors (NAR). Sales were also down significantly from a year prior. Total existing home sales slipped 3.3% Year-over-year, sales dropped 18.9%

Sales 369

Sales MLS Short sale Construction 369

Housing Wire

APRIL 18, 2024

Existing home sales slumped last month under the weight of elevated mortgage rates. Existing home sales receded by 4.3% Year over year, sales fell by 3.7%. Existing home sales posted a year-over-year price gain for the ninth consecutive month and reached the highest price ever for the month of March. million, down from 4.38

Sales 421

Sales New Construction MLS Construction 421

Real Trends

OCTOBER 5, 2022

Why would a buyer choose your listing versus the one that’s for sale down the street? Why buy your listing when there’s new construction with builder incentives? Make sure you put it in the MLS comments if you offer this incentive. Again, be sure to list this in the MLS comments.

MLS 99

MLS New Construction Closing Closing costs 99

Housing Wire

NOVEMBER 27, 2023

New home sales fell on a month-over-month basis in October, but continued to outpace last year’s levels. Meanwhile, low supply and high mortgage rates continued to dampen existing home sales. In October, new home sales reached a seasonally adjusted annual rate of 679,000, according to data published on Monday by the U.S.

Sales 421

Sales New Construction Construction Closing costs 421

RIS Media

MAY 19, 2021

” There are other statuses in the MLS listings like “Pending,” “Contingent,” “Coming Soon” and “Expired.” ” What do they mean and how will they affect your home sale? Two important statuses in the MLS are “Contingent” and “Pending.”

Purchase and sale agreement 98

Purchase and sale agreement Earnest money deposit Inspection contingency Home sale contingency 98

Realty Biz

AUGUST 16, 2023

More than 20 years ago, agents at ERA Shields Real Estate in Colorado Springs, CO, participated in a sales training led by Larry Kendall called Ninja Selling. We discuss the report each month at a sales meeting and provide suggested sound bites that agents can use in casual conversations and encounters.

Agents 76

Agents Marketing Branding New Construction 76

Notorious ROB

APRIL 5, 2023

I’ll try very hard not to make this a total sales pitch and shameless plug, but… I make no guarantees on that front. For real estate, the Execution step is when a Sales Contract is signed — that’s when a seller agrees to sell and the buyer agrees to buy the property. DPX has been my passion for over a year now.

Purchase and sale agreement 97

Purchase and sale agreement MLS Brokerage Agents 97

Toronto Realty Blog

AUGUST 2, 2023

The note for the 2017 sale was longer and a bit mushier, as I disclosed that I had proposed to my wife in the condo, and that we brought our first child home to the condo, and that we wished the new buyers all the love and happiness in the world as they created new memories and experiences of their own in the condo.

Closing 76

Closing Sales Purchase and sale agreement Agents 76

Real Trends

MARCH 22, 2023

” Read the entire MLS description, including extended comments/agent comments Many times the listing agent will actually state exactly what it will take for the seller to consider an offer. Was it a pending sale that returned to the market? Was it a pending sale that returned to the market? What is the active competition?

Inspection 77

Inspection Agents New Construction Closing costs 77

Easy Agent Pro

OCTOBER 15, 2020

Every year when Real Trends’ “The Thousand” list comes out, it’s topped by an agent who holds the Guinness World Record for home sales. “He He only sells new-construction residential properties and he works with volume builders only,” according to Katie Warner at BusinessInsider.com. Passionate about new-home sales.

New Construction 71

New Construction Construction Agents Sales 71

The Close

JUNE 22, 2023

According to the National Association of Realtors’ latest existing-home sales data , sales are down 23.2% This retail market is reflective of a sale between a seller who is not in financial or personal distress and a buyer who is not being influenced to buy due to their circumstances. and prices are down 1.7%

Investor 116

Investor Debt-to-income ratio New Construction Construction 116

Housing Wire

JUNE 22, 2023

Existing home sales marginally increased in May , but were still down significantly from a year prior, according to the latest report from the National Association of Realtors (NAR). Total existing home sales rose 0.2% Year-over-year, sales dropped 20.4% Year-over-year, sales dropped 20.4% Sales in the South rose 1.5%

Sales 384

Sales Construction New Construction MLS 384

RIS Media

MARCH 18, 2021

The median home price reached $291,000 in February—the highest in the 13-year history of the report—while sales set a new high for the month and inventory continued to drop to record lows. The record February home sales were up 5.7% in the ramp-up toward the seasonally higher sales of spring. in February 2020.

Branding 98

Branding Days on market New Construction Sales 98

McKissock

JANUARY 31, 2023

” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.” ” “How value is derived.”

Agents 97

Agents Inspection Renovation Construction 97

HomeLight

JUNE 24, 2021

When it comes to property records , you can find out about a home’s sales history, tax history, liens, easements, zoning information, lot size — all of it. These records include: Property sales. a top agent in New Bedford , Massachusetts, the MLS is his favorite sleuthing tool. “I Visit the recorder’s office.

MLS 84

MLS Land Title Commercial 84

Housing Wire

OCTOBER 26, 2022

The new single-family home sales rollercoaster ride continues. After rebounding in August from a drop in July, new home sales were back down again in September, according to data released Wednesday by the U.S. Sales of new single-family homes in September were at a seasonally adjusted annual rate of 603,000, down 10.9%

Sales 370

Sales New Construction Investor MLS 370

Lab Coat Agents

AUGUST 3, 2021

Until I saw this incredibly surprising graphic: This graphic depicts the number of TOTAL LISTED UNITS ( RED ) in the Garden State MLS (covers much of Northern NJ) in relation to the number of UNDER CONTRACT UNITS ( BLUE ) & SOLD UNITS ( GREEN ) for May of 2019, 2020 & 2021.

Branding 98

Branding New Construction MLS Equity 98

Real Trends

NOVEMBER 10, 2022

The goal is for the listing to show like a new construction model home. Tip: Write in your MLS descriptions and agent-to-agent comments that your seller would consider a home sale or closing contingency and will allow inspections. Could something be wrong with your actual MLS listing?

MLS 94

MLS Agents Inspection Staging 94

Housing Wire

MAY 23, 2023

The sales pace of new homes has also increased for the fifth consecutive month, according to data published on Tuesday by the U.S. In April, the sales pace of new homes rose 4.1% In April, the sales pace of new homes rose 4.1% On a year-over-year basis, new home sales were up 11.8%.

New Construction 397

New Construction MLS Construction Sales 397

Housing Wire

DECEMBER 19, 2023

New construction rose to a seasonally adjusted annual rate of 1,560,000, according to the U.S. Single-family building activity drove November residential construction activity. Single-family building activity drove November residential construction activity. But permits for future construction fell 2.5%

Mortgages 432

Mortgages Construction New Construction Residential 432

Housing Wire

SEPTEMBER 28, 2022

After a sharp decline in July , new home sales rebounded in August, according to data released Tuesday by the U.S. Sales of new single-family homes in August were at a seasonally adjust annual rate of 685,000, up 28.8%, but down 0.1% However, the faster sales pace was not good news for inventory.

Sales 284

Sales Construction New Construction MLS 284

Housing Wire

FEBRUARY 16, 2024

New construction starts fell to a seasonally adjusted annual rate of 1.331 million units, down 14.8% Housing inventory remained low in January and new homes still accounted for about 30% of all homes available for sale. month over month, according to a report released Friday by the U.S. Census Bureau and the U.S.

New Construction 439

New Construction MLS Construction Development 439

Housing Wire

JULY 25, 2023

Still-high mortgage rates mean that many homeowners feel ‘locked-in’ by their current mortgage rate and are choosing not to sell, leading to dwindling existing home inventory, and in return, existing home sales falling nearly 20% year-over-year. Sales of existing homes dipped in June , slipping 3.3% to a pace of 4.16

Construction 369

Construction Mortgages New Construction MLS 369

The Close

DECEMBER 27, 2022

Real estate sales by unit. Distressed sales will create a downward force on sales prices, especially for sellers who are forced to move. Further out, suburban areas begin to lose value as homebuilders continue to overbuild because new construction timelines are longer. Some areas may not recover in our lifetimes.

Investor 94

Investor Staging Marketing Banks 94

Realty Biz

NOVEMBER 25, 2020

has merged with PRA & Company Realtors in Pompano Beach, creating new growth and profitability opportunities within Broward County. The combined company, which will retain the ERA Infinity Properties name, now has nearly 60 agents who were responsible for a combined $42 million in sales volume and 165 transactions in 2019.

Branding 58

Branding Agents New Construction Technology 58

The Close

FEBRUARY 9, 2024

Plus, you can meet potential new clients at the club!) Take MLS courses that teach you more about data analysis. A study from InsideSales found that 50% of non-essential sales (including homes) happen after the fifth touch point. Get involved in activities outside of real estate that will help you. Make it fun!

Agents 98

Agents Brokerage As-is Finance 98

HomeLight

JULY 6, 2023

That’s why it’s important for your real estate agent to keep your property’s status up to date, both in the multiple listing service (MLS) that agents cooperatively use, as well as in online marketplaces, which pull data from the MLS. An offer has been accepted, and the sale is expected to close.

MLS 90

MLS Backup offer Inspection contingency Purchase and sale agreement 90

Housing Wire

SEPTEMBER 19, 2023

On the bright side, permits for future construction recorded a 6.9% However, it was 2% higher than a year ago, Bright MLS Chief Economist Lisa Sturtevant noted. This annual increase in new starts was driven entirely by new construction activity in the South region, she noted. Census Bureau. Permits were 2.7%

Construction 473

Construction New Construction MLS Marketing 473