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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. Would that help?

Agents 77
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How Long Does a Short Sale Stay On Your Credit Report? Myth vs. Reality

HomeLight

One of them is a short sale. The process is complicated and confusing, often leaving a worrisome question in its wake: How long does a short sale stay on your credit? What is a short sale? Typically, it’s best to list it at market value to recoup as much money as possible. The process. The timeline.

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24 Qualifying Questions to Ask a Realtor Before You Hire One

HomeLight

Source: (Plush Design Studio / Unsplash). What are the average days on market for your listings? The average days on market is how long it takes for an agent’s listings to sell. Select your city and scroll down to view the “Days on Market” figures in the charts. No pressure, right?

Agents 125
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How Do I Find a Good (Scratch That — Great!) Real Estate Agent?

HomeLight

An agent who sells 30-40 homes each year obviously knows how to market and price a house to sell well. Days on m arket : Days on market (DOM) tracks the time between when a house is listed and when it goes under contact with a buyer. Seniors Real Estate Specialist® (SRES®) designation.

Agents 60
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Selling a House ‘As Is’ in Maryland

HomeLight

Median sales price in Maryland. Average days on market for Maryland. If the home is part of a designated historic district. Let’s take a closer look at how to sell a house “as is” in Maryland, your options for getting an offer, and what to expect from the process. Fast facts about selling a house ‘as is’ in Maryland.

As-is 101
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Selling a House ‘As Is’ in North Carolina

HomeLight

Median sales price in North Carolina. Average days on market for North Carolina. 23 days (from listing to contract). Any known flood hazard or if the property is located in a federally-designated flood hazard area. Fast facts about selling a house ‘as is’ in North Carolina. 359,600 (April 2022). Disclosures.

As-is 86
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Selling a House ‘As Is’ in Wisconsin

HomeLight

Median sales price in Wisconsin. Average days on market for Wisconsin. 46 Days (from listing to contract). If they filed any insurance claims for damage to the property in the last five years, or if the home is a designated historic building, they will need to disclose that information, as well. Disclosures.

As-is 108