After going through the time and effort of getting an accepted offer for your seller’s home, the absolute last thing you want (or need) is a problem with the appraisal that follows. Assuming a mortgage will be taken by the buyer, lenders will want to ensure that the price they pay compares favorably with similar… The post 4 Things Seller Clients Should Do to Help Ensure a Positive Appraisal appeared...
26 June 2024
The real estate world has undergone a significant transformation. The NAR settlement has disrupted the industry, forcing everyone to adapt. As the landscape shifts, REALTORS face new challenges such as: Eroding value: Increased transparency may lead clients to question their agents’ worth. Tighter margins: New rules might result in lower commissions. Intense competition: More agents… The post Mastering...
The real estate industry faces a triad of challenges in today’s marketplace: continued low inventory, delivering fewer sales, stubbornly elevated mortgage interest rates and the potential impact of the commission lawsuits that have already begun to reshape the landscape. As a result, leading industry experts predict tens, if not hundreds of thousands of agents will… The post How to Retain Your Best...
As mortgage rates remained elevated, tipping over the 7% mark last month, sales of new homes fell significantly in May, down 11.3% below the revised April rate of 698,000 and 16.5% below the same activity a year ago, according to the latest data released Wednesday by the U.S. Department of Housing and Urban Development and… The post New Home Sales Plummet in May appeared first on...
The REALTOR® Association owners of REcolorado®, made up of the Denver Metro Association of REALTORS® (DMAR) and the South Metro Denver REALTORS® Association (SMDRA), have determined through a letter of agreement to sell the greater Denver MLS to a private entity outside of the real estate realm. “First and foremost, we want to apologize that… The post REcolorado to Be Sold to Private Entity...
Even in a seller’s market there are always “hard-to-sell” properties. At the height of the frenzied market during the pandemic years there were still properties that remained unsellable. There will always be properties that simply do not meet affluent buyer expectations, whether it’s due to location, price, size, or the state of repair. Ultimately, and… The post Strategies for Marketing a...
A key challenge that real estate agents face is retaining clients and building long-term relationships. It’s not uncommon for clients to switch agents for their next transaction. However, ensuring client retention is crucial, as it guarantees that clients remember you and refer you to their friends and family. Meeting every client’s expectation of a white-glove… The post Post-Settlement: How to Show...
RE/MAX has announced that broker/owners Steven Smith, Wes Watson, Dan Porlier and Brad Howard of Davenport Realty have officially opened RE/MAX Icon Realty, bringing nearly 130 agents to the brand across two offices in London and Waterloo, Ontario. The four broker/owners previously established Davenport Realty in 2018 and grew from a small team to a… The post RE/MAX Icon Realty Opens Two Offices with 130...
Mortgage applications rose for the third straight week as mortgage rates continue to drop, increasing 0.8% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Applications Survey for the week ending June 21, 2024. This week’s results include an adjustment for the Juneteenth holiday. This week’s data: The Market Composite… The post Mortgage Applications Rise...