Up until a month or two ago, sellers were in the driver’s seat, but as buyers’ use of contingencies rise, they still have an option to control the deal.
It’s becoming increasingly apparent that the Department of Justice wants to force buyers to pay their own commissions. How would the real estate industry change?
Facebook will change its algorithms to prevent discriminatory housing advertising and its parent company will subject itself to court oversight to settle a lawsuit brought by the U.S. Department of Justice on Tuesday.
Some sellers have a good reason for not wanting one. But for most people, “For Sale” signs are a 24-hour marketing tool that shouldn’t be ignored, even as house hunts mostly start online.
For homeowners thinking about cashing in on today’s blistering housing market, the situation has become something like a cat chasing its tail.
There’s an old adage in real estate: “If it smells, it won’t sell.” And thanks to the pandemic, there are growing numbers of pets – and their smells – in houses hitting the market.
The number of houses for sale is beginning to increase, bidding wars are not as prevalent, and the housing sector is moving into what are normally the slower fall and winter months. So, sellers need to be doing more to attract the attention of would-be buyers.
Sellers whose listings do not include virtual tours, professional photographs and floor plans are being cheated by their real estate agents. Without the proper visuals, homes will likely take longer to sell and fetch a lower price.
Buying a house right now takes incredible patience, acumen and buying power, while selling invites equity questions for homeowners committed to fairness. Amid such intensity, how do real estate agents improve, or aggravate, today’s home-buying process for their clients?
In real estate, a house isn’t sold until the Fat Lady sings at the closing. Until then, the seller should keep their options open by accepting backup contracts.
A new survey from Realtor.com suggests there may yet be hope for seeing more inventory in the nation’s housing markets.
Buyers these days go online to discover what’s available. And with the pandemic still very much a concern, they tend to visit the houses they find appealing by taking a virtual tour rather than an in-person look-see.