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New Study Finds Seller’s Market May Shift in 2021

Realty Biz

At the beginning of 2021, median home prices were up 10% across most of the nation, the fastest rising pace since 2006, fueled by low mortgage rates and high demand. Prices for new home construction are also up (21%) as home builders raised their prices due to demand and soaring costs of materials coupled with supply chain issues.

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11 Things to Do Before Listing Your Home That Are Worth the Effort

HomeLight

Gather repair and renovation records. If you’ve lived in your home for a significant length of time, chances are you have the records or receipts for appliance repairs and upgrades, renovations big and small, as well as services to your HVAC and fireplace. That’s why agents may recommend light renovation projects. Escrow fees.

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What Costs Are Involved in Selling My House?

HomeLight

Higher prices and mortgage rates conspired to slightly slow sales, which were down 2.6% So, the seller’s market is holding, but cooling. Besides your mortgage payoff, homeowners typically incur a number of costs in selling a home — whether they work with an agent or offer the property for sale by owner (FSBO). from one year ago.