When your seller receives multiple bids on their property, the highest offer shouldn’t always be their default choice. If it comes with an appraisal contingency—and the appraised value doesn’t match the sale price—your seller could be back at square one, looking for another buyer.With the national median home price reaching $263,800 in June—a record high, according to the National Association of REALTORS®—home prices in many markets
As home prices continue to rise, some mortgage lenders are loosening their underwriting standards so borrowers can purchase property sooner. “The reality has sunk in that there are buyers out there who will be able to buy homes and make the mortgage payments,” William E. Brown, president of the National Association of REALTORS®, told mortgage industry news website OriginatorTimes.com. The industry is “trying to give them more options to bu
How these unsung heroes fight for clients with loyalty, passion and tenacity in the toughest market conditionsKey Takeaways Buyer’s agents are going above and beyond for their clients every day. Giving clients the best shot at their dream home requires a mix of creative thinking and doggedness. In this strong seller’s market, knowledge is one thing, but being a master strategist is another.You might call buyer’s agents the unsung heroes of
Get to know your neighborhoods -- and the types of houses you find in them -- inside and outKey Takeaways Factors to consider when pricing a home are: historic sales price, quality of the neighborhood, the market, nearby features and the size, appeal, age and condition of the home.Trying to price a home accurately, whether you’re preparing to sell a house or you’re ready to make an offer on one, is challenging. Even if you’ve had experien
Texting short codes for more information about listings came and went. Now it's back again.Key Takeaways You can never respond to a listing lead too quickly. Texted short codes have been around a while, but new software is making it a more valuable marketing tool than previous attempts. Software developer is also a licensed agent.Have suggestions for products that you’d like to see reviewed by our real estate technology expert? Email Craig Row
The design, content and function goals your site should reach forKey Takeaways Your website has 20 seconds or less to make a first impression. Make sure your site is up to par with the real estate web design trends of 2017.We’re officially more than halfway through the year. This is always a good time for companies with a website to stop and reflect on the web design trends that have come forth thus far, as well as which ones should be implem
Jeff Guild served for more than 20 years as a U.S. Navy SEAL, with tours of duty in Afghanistan, Europe, South America, and Africa. When he decided to retire from the military, he used the GI Bill—which supports education and job training for vets—to transition into commercial real estate by taking CCIM designation courses.Former U.S. Navy SEAL Jeff Guild used CCIM Institute’s Veterans in Real Estate Program to transition into commercial r
A historic home in Montclair, N.J., is turning heads with a very tempting list price: $10.The 3,912-square-foot home with four bedrooms and two bathrooms, built in 1906, is one of 500 properties in the area designed by architect Dudley S. Van Antwerp. Historic homes designed by famous architects usually fetch high prices. In fact, the home was purchased in May 2015 for $1.4 million.So why the low list price now? Here’s the catch: The buyer must
Though rents are still rising across the country, the growth is slowing. Average monthly rents reached $1,350 nationwide in July, an uptick of only $1 since June and an increase of 2.6 percent from a year ago, according to data by Yardi Matrix.Supply is loosening up as a larger influx of new apartment buildings hits the market, helping to put a tighter lid on escalating rental costs. The RentCafé Blog reports that the largest jump in apartment c
Mortgage rates have mostly held steady the past few weeks, with the 30-year fixed-rate loan still averaging below 4 percent.“The 10-year Treasury yield was relatively flat this week, as was the 30-year mortgage rate, which rose 1 basis point to 3.93 percent,” says Sean Becketti, Freddie Mac’s chief economist. “Despite a strong advance estimate for second-quarter GDP, markets are erring on the side of caution."Freddie Mac reports the follo
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