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How to Do a Comparative Market Analysis: A Step-by-Step Guide

The Close

DON’T FORGET: You can get a lot of this information from the MLS (from previous times your subject property has been listed), from tax records and county/township websites, and most importantly, from the owner of the property. Days on market. We all know how fast the market changes. Current taxes paid / millage rate.

Marketing 105
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20 Mind-blowing AI Tools Helping Real Estate Agents Slay

The Close

I selected Style to Design as our top virtual staging provider because of its bells and whistles. While some platforms can add computer-generated furniture and a potted plant, Style to Design offers staging in several different looks, including modern, mid-century, farmhouse, coastal, and traditional. Visit listingcopy.ai

Agents 64
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Agents gear up for a turbulent 2023 housing market

Real Trends

As of December 18, 2022, the nationwide median for days on market was 70 days, up from 49 days a year ago. The share of homes with price decreases jumped from 26% a year prior to 41% this year, and the Altos Research Market Action Index score fell from a 90-day average of 54.86

Agents 112
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How to Sell a House by Owner in Colorado

HomeLight

Higher interest rates have been cooling the housing market nationwide, and real estate in Colorado is no exception. Inventory is starting to rise along with the average number of days on market as of September 2022. Average days on market : 46 (November 2022). Fast Facts for Selling Real Estate in Colorado.

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Price Reduction in Real Estate: A 5-step Guide for Agents

The Close

The primary indicator is obvious: The house just sits on the market while everything around it is flying off the shelves. You must evaluate if a price reduction is necessary by looking at the absorption rate and the average days on market (DOM) for that location. But it’s critical to dig deeper.

Agents 77
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9 Skills Agents Need to Work With Investors & Close 50-100 Deals a Year

The Close

Be an Expert in Your Market. When it comes to attracting real estate investors, you need to know a lot more than just days on market and year-over-year appreciation in the area. You must become a bona fide expert in your local market and sub-markets. Overpricing the Property.

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10 Things Your Real Estate Business Plan Needs (FREE Template)

Kyle Handy

A real estate agent must have a well-designed and user-friendly website to capture leads. By monitoring resources like the National Association of Realtors (NAR), California Association of Realtors (CAR), and multiple listing services (MLS), you can stay informed about the latest developments in your field.