The Close

APRIL 30, 2024

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 80

Agents Short sale Staging Sales 80

Real Trends

DECEMBER 28, 2022

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

Agents Marketing MLS Development 112

Real Trends

AUGUST 11, 2022

Several agents have voiced their desire to stay the course and continue to exclusively market to attract new listings. That may not work as rates rise, contracts are being canceled , and days on market increase. Whenever the market shifts, your market ing should shift!

Marketing 68

Marketing Agents Days on market As-is 68

Marco Santarelli

NOVEMBER 9, 2023

However, the market is starting to cool down in 2023, due to a number of factors, including rising interest rates, a potential recession, and a decline in demand. Risk Factors for a Market Decline Rising Interest Rates are already impacting the Idaho Falls housing market, with mortgage rates doubling since the beginning of the year.

Marketing 94

Marketing Investor Development Commercial 94

HomeLight

SEPTEMBER 21, 2020

When hiring an agent, military sellers should focus on a key stat in the agent’s track record: days on market (DOM). Every city has an average days on market which refers to how quickly properties go from active to under contract (i.e., Keep in mind, days on market is not the total time it takes to sell a home.

VA loan 107

VA loan Purchase and sale agreement Loans Agents 107

HomeLight

JULY 29, 2022

Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours. Each option may have advantages that depend on market conditions. It helps to know where the market is now and where it’s headed. In a buyer’s market. The market in 2022 is slowly changing.

Debt-to-income ratio 107

Debt-to-income ratio Loans Rent back Equity 107

HomeLight

MARCH 30, 2021

Days on market: The speed at which houses are selling can be telling. If houses are sitting on the market for a while, you may get a better deal … but is there a reason why buyers are shying away from a particular area? Getting a mortgage prequalification and preapproval helps to ensure you won’t be overextended financially.

Due diligence 101

Due diligence Inspection Title Pre-approval 101

HomeLight

DECEMBER 14, 2021

Source: (Plush Design Studio / Unsplash). Experienced agents should, at a minimum, be able to recommend the following: a lawyer specializing in real estate, mortgage advisor, insurance agent, handyworker, home stager, house cleaners, and moving companies. What are the average days on market for your listings?

Agents 122

Agents Days on market Short sale Closing 122

HomeLight

JULY 31, 2021

Here’s how you can check to see if your agent is up to the task: Average days on market: Days on Market (DOM) is a real estate term for the amount of time between when your house goes on the market and when it goes under contract with a buyer, an event that switches your listing status from active to pending.

Days on market 98

Days on market Agents Sales Renovation 98

McKissock

NOVEMBER 20, 2020

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,” says Traut.

Residential 72

Residential New Construction Days on market Construction 72

Redfin

AUGUST 26, 2020

Additionally, 10% said they now want a bigger home, and 7% said they want a designated space for children to learn from home. National housing market summary by home size, July 2020 (Single-family homes only). Off market in two weeks. Off market in two weeks, YoY, percentage-point change. Median days on market.

Sales 66

Sales As-is Days on market Marketing 66

HomeLight

DECEMBER 2, 2021

If you’re “upside-down” in your mortgage (owing more than the property is worth), you have a few options. If you sell your house for less than you still owe on it, you may still remain responsible for making up the deficiency — the difference between the sales price and the outstanding mortgage balance. One of them is a short sale.

Short sale 79

Short sale Sales Loans Banks 79

The Close

DECEMBER 29, 2022

Furthermore, in today’s market, understanding our complex mortgage industry could actually help you close more deals and maybe even save clients money. So we’ve included a handy download with questions your clients should ask their mortgage broker. Adjustable-rate mortgage (ARM). Assumable mortgage. Amortization.

Purchase and sale agreement 98

Purchase and sale agreement Title Proof of funds Pre-approval 98

HomeLight

JANUARY 31, 2022

Here’s what that conversation might sound like: You’ve exceeded the “days on market” average for your area. Days on market refers to the time between when a house is listed to when it goes under contract with a buyer. Revisit your agent’s marketing plan: Is your home being promoted properly online?

Sales 85

Sales Agents Days on market As-is 85

HomeLight

NOVEMBER 29, 2021

Some mortgage programs require no down payment but can have strict eligibility requirements. First-time homebuyers may need a 20% down payment to avoid mortgage insurance (MI), which can sometimes be a difficult hurdle to clear. of the total mortgage toward their down payment. American Dream Down Payment Assistance Act.

Land 86

Land Closing costs Purchase and sale agreement Loans 86

Realty Biz

JANUARY 19, 2024

Researching and understanding the spring real estate market is crucial when aiming to sell your house during this optimal time. Factors that affect the spring real estate market include location, mortgage rates, and inventory. However, lower mortgage rates might motivate more people to look for homes in Q1 2024.

Sales 108

Sales Staging As-is Agents 108

Realtor.com

JULY 2, 2021

In the spring of 2020, as it appeared that many college students would stay grounded in their childhood bedrooms doing coursework online, some landlords panicked and sold off rental properties in prime university markets, fearing high vacancy rates in the next semester. Thanks in part to inbound migration, Austin is also booming, experts say.

Investor 67

Investor Construction Days on market Development 67

HomeLight

FEBRUARY 28, 2022

At Thrive, every employee is a designated Realtor®, even their transaction specialists. Colorado housing market statistics show that the median home price in Colorado is still escalating and the average number of days on market is decreasing. This suggests the Colorado housing market is still hot. Loan flipping.

Agents 83

Agents Brokerage Sales As-is 83

HomeLight

AUGUST 20, 2021

For added insight, we interviewed Sherry Ekdawy , a top-selling agent, designer, and contractor in Phoenix, Arizona. A top real estate agent in your local market. If you choose to list your home on the market, you need a seasoned local real estate agent with experience selling homes like yours.

Staging 108

Staging Renovation Agents Inspection 108

HomeLight

JANUARY 22, 2024

Fast facts about selling a house ‘as is’ in Colorado Median sales price in Colorado $545,000 Average days on market (DOM) for Colorado 50 Disclosures Colorado law requires sellers to disclose material facts about the property through the Colorado Seller’s Property Disclosure Form. MLS has a field to mark a listing “as is”?

As-is 94

As-is Inspection Finance Investor 94

Realtor.com

JULY 2, 2021

In the spring of 2020, as it appeared that many college students would stay grounded in their childhood bedrooms doing coursework online, some landlords panicked and sold off rental properties in prime university markets, fearing high vacancy rates in the next semester. Thanks in part to inbound migration, Austin is also booming, experts say.

Investor 52

Investor Construction Days on market Development 52

HomeLight

DECEMBER 15, 2021

We’ll use average days on market data to compare real estate agents on how fast they’ve sold homes like yours and find a top real estate agent near you who can save you time and money. While zoning restrictions are designed to protect the value of a home, population and job growth can create the need for residential expansion.

Development 131

Development Residential Agents As-is 131

HomeLight

JANUARY 3, 2023

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.

Purchase and sale agreement 95

Purchase and sale agreement Inspection MLS Inspection contingency 95

HomeLight

APRIL 26, 2023

Pros Fast closing: A cash sale is significantly faster than a traditional mortgage-backed home purchase, often allowing you to close in as few as three to 10 days. Create a vacation-ready look Duncan says that Tampa buyers are often looking for turnkey properties that have a vacation feel to their interior design.

Renovation 91

Renovation Closing Agents Sales 91

The Close

MARCH 10, 2022

Free Guide: How to Design Real Estate Postcards That Will Actually Get You Leads. Postcards can be a powerful tool for marketing, brand development, and lead generation—if done right. If you want to maximize your ROI, you need to personalize your message to the market in which you work. It’s sure to get you more listings.

Closing 98

Closing Agents Brokerage Marketing 98

HomeLight

DECEMBER 23, 2021

You’ll also want to calculate your equity — the value of your home minus the total principal owed on your mortgage, if applicable. To see whether an agent is the right fit, look at their: Years of experience: Has this agent navigated the ups and downs of different markets? Do they bring a high level of expertise to the sale?

Inspection 71

Inspection Agents Closing Staging 71

HomeLight

AUGUST 23, 2022

Clients maximize the value of their quick home sale with a competitive top market offer and no additional fees, commission or upfront costs. Median days on market for Ohio. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer prequalified for a home loan.

As-is 92

As-is Investor Closing costs Inspection 92

HomeLight

DECEMBER 1, 2020

In a newer home, Scurov advises sellers to incorporate a vintage design piece, such as a salvaged antique fireplace mantel for a unique touch. Incorporate large river rocks and hardwood mulch into your landscaping design to anchor young plants and add decorative interest. Window casings. Baseboards. Crown molding.

Purchase and sale agreement 58

Purchase and sale agreement Inspection Staging Agents 58

Marco Santarelli

JANUARY 26, 2021

New York may have been the city that never sleeps with several cultural attractions, fashion icons, and trendsetting architectural designs but it’s been falling behind recently. Higher mortgages have been registered in Dallas since most residents qualify for them due to their next to perfect credit scores. year-over-year.

Marketing 105

Marketing Investor Residential As-is 105

Marco Santarelli

AUGUST 2, 2020

Home sales in the NYC housing market were down 46 percent from last year's June. Median Days on Market were 84 which was 6 days faster than last year. With the phased opening of the economy, buyers have been quicker to return to the housing market. percent on a 30-year fixed-rate mortgage. year-over-year.

Marketing 142

Marketing Sales Pre-approval Investor 142

HomeLight

OCTOBER 30, 2020

First, determine where you stand on your mortgage by calculating your home equity — the current value of your home minus what you owe on your loan. Then, calculate your home equity by subtracting your outstanding mortgage balance from your estimated home value. Day 12: Swap out dated hardware. from Amazon. from Home Depot.

Staging 75

Staging Agents Equity Inspection 75

Marco Santarelli

SEPTEMBER 11, 2020

Conditions in the Colorado Springs real estate market seem to be in a sustainable, upward direction and show no signs of slowing down. The local economy is strong and mortgage rates remain low. Is Colorado Springs going to be a sizzling real estate market for investors in 2020 & 2021? Days on Market Until Sale.

Marketing 105

Marketing Investor Sales As-is 105

HomeLight

FEBRUARY 21, 2023

Skip repairs and close in as few as 10 days. My MLS and most MLS systems have an as-is designation allowing search on that term”, says Ailion. Before properties can be financed, their value and condition are typically examined by a state-licensed, independent appraiser contracted by the buyer’s mortgage company.

As-is 73

As-is Investor Inspection Closing costs 73

Marco Santarelli

SEPTEMBER 21, 2020

San Diego area is also a strong seller’s real estate market. Inventory is low, prices are rising, and pent-up demand alongside low mortgage rates has the market flooded with homebuyers. The shortage of supply and an increase in the demand for housing will push the prices higher in the San Diego housing market.

Marketing 138

Marketing Construction Investor Sales 138

Marco Santarelli

JULY 9, 2021

With a strong economy and low mortgage rates, buyer activity has been very strong in 2021. Housing demand continues to rise, resulting in a scarcity of available inventory on the market. In May, homes spent a median seven days on market, which is down 56.3 Minneapolis Metro Area Real Estate Market Forecast 2021-2022.

Marketing 85

Marketing Purchase and sale agreement Investor Construction 85

HomeLight

JULY 25, 2022

Average days on market for Florida. Mortgage tax: $0.35/$100 The state nonrecurring intangible tax rate is $2/$1000. The home needed just cosmetic updates such as new flooring and paint to bring its design aesthetic out of the 1980s. “It’s Request Offer. Fast facts about selling a house ‘as is’ in Florida.

As-is 85

As-is Purchase and sale agreement Inspection Closing costs 85

HomeLight

MAY 19, 2022

Average days on market for Maryland. If the home is part of a designated historic district. When you place your home on the market, it’s hard to predict if your top offer will come from a cash buyer or a buyer pre-qualified for a home loan. Fast facts about selling a house ‘as is’ in Maryland. Disclosures.

As-is 96

As-is Inspection Investor Closing costs 96