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Santa Monica: An unexpected haven for first-time buyers

Housing Wire

In March, first-time buyers were responsible for 32% of sales, up from 26% in February and 28% a year prior, according to data from the National Association of Realtors. Real estate professionals in Santa Monica attribute the increased share of first-time buyers to having fewer move-up buyers in the market. They spook easier.

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Our 19-point house-hunting checklist for real estate agents & their clients

Housing Wire

Before meeting with a mortgage lender, buyers should have a clear picture of their finances. There’s nothing more frustrating for agents or buyers than dealing with a 1-800 number when there’s a financing issue and the commitment date is looming. Drive neighborhoods at different times of day. Do not skip the inspection.

Agents 381
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What Does Contingent Mean in Real Estate?

HomeLight

The final sale hangs in the balance, waiting for certain conditions or “contingencies” to be met. These conditions can be anything from the buyer securing a mortgage, the home inspection clearing, or the sale of the buyer’s current home. Purchase mortgages today are taking over 40 days to close on average.

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What Most Agents Get Wrong About Follow Up (and 6 Strategies that Work)

BAM Media

The first is going to be leveraging local market information. Is there a piece of sales data or a new home offering that a prospect or a client should be aware of? They want to know what’s going on in the local market. The average list-to-sales price ratio is _.” “For What are the trends in home sales right now?

Agents 105
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Selling a House ‘As Is’ in Louisiana

HomeLight

As is” is a type of home sale where it’s understood that no improvements will be made to the property. An as-is sale may also indicate that the functionality and longevity of specific home components, such as the water heater or the roof, are in less than perfect condition and may need considerable repair.

As-is 85
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4 signs a pending home sale will fall through

Real Trends

How often does a pending home sale fall through? A pending sale may be referred to as “under contract” by some real estate agents. A sale is considered pending until the seller formally accepts an offer from a buyer. It should be reassuring for all real estate agents that not many home sales fall through.

Sales 60
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Why Milwaukee is a Hotspot for Cash Home Buyers: Trends and Insights

Realty Biz

There are specific benefits to selling a home for cash in Milwaukee, such as faster transactions and avoiding complexities of financing. Factors driving cash home buying in Milwaukee include the rise of real estate investment companies, the desire for quick sales, and the appeal of renovation opportunities.