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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 78
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How Smart Investors Decipher & Respond to Real Estate Market Cycles

The Close

Therefore, in this article we will explore common real estate market cycles and the indicators you can look for to better understand which market stage your area is in. Understanding Real Estate Market Cycles. 8 Stages of Real Estate Market Cycles. Real estate markets are cyclical. Stage 1: The Turn.

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Looking for a Quick Home Sale? Pay Heed to These Factors!

HomeLight

What is a quick home sale? First thing’s first, a quick home sale should not be confused with a short sale. A short sale is something a homeowner can attempt when they are in financial distress. Then, I’ll make sure they service the septic system and go around to do some simple staging,” Townsend says.

Sales 99
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Selling a House ‘As Is’ in Minnesota

HomeLight

Fast facts about selling a house ‘as is’ in Minnesota Median sales price in Minnesota $334,900 Average days on market (DOM) for Minnesota 32 days Disclosures Minnesota law requires sellers to disclose material facts about the property through the Minnesota Seller’s Property Disclosure Statement.

As-is 98
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Selling a House ‘As Is’ in Massachusetts

HomeLight

Median sales price in Massachusetts. Average days on market for Massachusetts. MLS has field to mark a listing “as is”? Staging each room to showcase its potential. Staging the backyard with lawn furniture, a grill, etc. No staging. Fast facts about selling a house ‘as is’ in Massachusetts.

As-is 98
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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). MLS has field to mark a listing “as is”? Preliminary offer: At this stage, some house-buying companies will provide a preliminary offer that is subject to change after a house assessment.

As-is 90
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Selling a House ‘As Is’ in Washington State

HomeLight

Median sales price in Washington State. Median days on market for Washington. MLS has field to mark a listing “as is”? Not in Northwest MLS, the largest MLS in the region ; agents instead will include “as is” in the property notes. No staging. 638,000 (March 2022). Disclosures. Unfinished flip.

As-is 75