It’s an emotional yet common event that many families unfortunately face. A loved one passes away, someone inherits the property and suddenly there is a home to be sold…sometimes quickly. The new owner may even reside thousands of miles away, and soon realizes that while the house or condo is valuable, estate checks must be…
“Premarket listings.” It’s the new industry catchphrase, thankfully replacing “commission lawsuits,” but, alas, it comes with its own controversy. The practice of promoting a property to potential buyers and agents before being listed on the Multiple Listing Service (MLS) has also made its way into the courtroom, most prominently via a tussle between Compass and…
If there’s one declaration most new real estate agents don’t want to hear after spending a lot of time with a homebuyer client it could very well be the following: “We’ve decided to rent.” On one hand, there goes a hefty commission. But on the other hand, while agents logically prefer sales, they can often…
Sailors awaiting rain aim straight, said Captain Craig. Does that sentence make any sense to you? Me neither. It resulted when AI was provided with text and tasked to create something readable, but was misinterpreted by the app to mean that each word had to include “ai.” Whoops. The lead sentence is, of course, laughable,…
Nosy neighbors are one thing. They can be occasionally annoying. But noisy neighbors? They can be an endless drag. And for agents whose livelihoods rely on getting buyer clients through the long and winding path to closings, noise pollution can capsize otherwise promising deals. Condo buildings anywhere and co-op high-rises in urban areas are especially…
Plug and play has had its day. As affordability pressures reshape the housing market, a growing number of younger buyers especially are increasingly willing to take on older properties, drawn by lower purchase prices, renovation potential and the ability to personalize a space over time, rather than paying a premium for move-in ready builds. “Millennials…
Editor’s note: In this two-part series, we take a look at how the buyer experience differs today from past years. Today is a look back at how the process evolved to where it is now. On Wednesday we review how tech has impacted everything, and the skills required to serve luxury-market clients. When you think…
The post The Buyer Experience: Looking Back and Looking Forward, Part 1 appeared first on RISMedia.
There are all kinds of numbers available for people to ponder as they set on the path to homeownership. Every month the National Association of Realtors® releases a home-purchase affordability report which provides the latest national facts and figures regarding qualifying income needed to buy a home, current average mortgage rate, median family income and…
The glum news stories seem endless…14,000 employees laid off from Amazon, 48,000 gone at UPS, and even with the government shutdown finally over, thousands of federal workers have been cut. The cruelest aspect is that so many of those folks who suddenly find themselves on unemployment were doing well at their jobs. What’s worse is…
They’re the opposite ends of the home-buying spectrum. One phrase lights up a potential owner’s face, while the other forces a frown. The former is a no-brainer for you, the agent, while the latter can test your ability to keep a client in check. It’s plug-and-play versus quasi-fixer-upper. It is easy to accentuate the positives,…
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