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Does Days on Market (DOM) Matter in Real Estate

Realty Biz

Days on Market, also known as DOM, is a widespread commercial term, which applies to all markets and products, be it a cake, a pair of shoes, or a real estate item. This concept has everything to do with the idea of “freshness” or actuality that any type of product has on a specific market. DOM on The Real Estate Market.

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How to compete and win with your listing presentation (+ scripts)

Housing Wire

Research market data Your work begins once you and your client have set an appointment to meet. It’s crucial for you to know the market and understand the numbers. Your local MLS and association can help you find these crucial data points. Market Inventory: What is the current market and micro-market inventory?

Staging 433
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How to prepare a comparative market analysis (CMA) report

Housing Wire

Focus on properties that closed with reasonable terms and within a reasonable number of days on market. Pro Tip: You don’t need to include all the property details in your Comparative Market Analysis. What data sources should I use in a comparative market analysis? They are more appropriate for an appraisal.

Marketing 435
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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS. To demonstrate this, share regular updates with posts that include stats, such as the average sale prices in your city or in desirable neighborhoods, the number of active listings, the average days on market, and more.

Agents 433
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Can I Take My House off the Market and Not Regret It?

HomeLight

If your listing has been sitting 60-90 days or more on the market, taking it down might give you and your agent time to reconsider your strategy and set your days-on-market counter back to zero. We’ll renovate a room or two, and in one case, we remodeled a kitchen,” explains Pinter.

Marketing 111
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What to Know About Off-Market Homes For Sale

Realty Biz

Off-market properties might be the answer if you want to avoid competition from other buyers when looking for your next home. Finding a buyer for a home not featured in the MLS requires more work from the real estate agent and used to be very unusual. Finding off-market properties for sale can be a challenge. Statement 8.0

Sales 107
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Can You Get a Comparative Market Analysis For Free, No Strings Attached?

HomeLight

A real estate agent performs a comparative market analysis, or CMA , before your home hits the market to help arrive at a decent asking price. It’s also a helpful tool for homeowners who might be considering some renovations and wonder what the return on investment might be for adding that deck or upgrading the master bath.

Marketing 111