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The Relationship Between Leverage & ‘Days On Market’

Toronto Realty Blog

As a buyer’s agent, you can grovel, you can cite comparable sales, you can talk about the market conditions, and you can get a Harvard-educated, MENSA-member to explain why the property is worth less than $1,599,900, but the comeback from the listing agent will ultimately remain, “We just listed today.”

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Tips and Strategies For a Successful Spring Home Sale

Realty Biz

According to Zillow, houses listed for sale in the first half of May sell six days faster than average. A survey by Realtor.com disclosed that 50% of homes sold in the spring selling season were on the market for less than a month. Set a competitive price using current market trends by analyzing recent sales data.

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Opinion: Here’s the latest data on what Realtors are witnessing in the housing market

Housing Wire

As reported in the latest NAR Existing-Home Sales , inventory still remains in tight supply, which means homes are still moving at a fast past despite the recent rise in rates and home prices. The median days on market is just 16 days — a slight increase from the record low seen in the last two months of 14 days.

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What to Know About Off-Market Homes For Sale

Realty Biz

Off-market properties might be the answer if you want to avoid competition from other buyers when looking for your next home. These home sales are sometimes known as pocket listings or quiet homes and aren’t added to the multiple listing services. Finding off-market properties for sale can be a challenge.

Sales 108
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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. Only 4% of real estate contracts in the spring of 2023 were terminated.

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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

You’ll want to include the list price, sale price, and days on market. Your neighbors at (address) just sold their property for (sale price). I’m sure you’ve seen the for sale sign in the yard at (address). This property is currently listed for (asking price) and came on the market on (listing date).

Brokerage 356
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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.

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