Redfin

DECEMBER 27, 2023

18 housing trends that defined the year, including record mortgage rates, depleted inventory, and dwindling home sales 2023 was a difficult year for the housing market. In short: Record mortgage rates, high inflation, and persistently high housing and rental prices. Seasonal trends buckled. So what happened? compared to 5.2%).

Marketing 66

Marketing Mortgages Investor New Construction 66

The Close

FEBRUARY 20, 2024

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. In this scenario, sellers have the upper hand in negotiations.

Marketing 98

Marketing Debt-to-income ratio MLS Pre-approval 98

HomeLight

JULY 25, 2022

Deduct your outstanding mortgage balance and any costs of selling you incurred (such as real estate commission, closing costs, title fees, repairs, prep, and staging). Gore recommends forming a team, consisting of a real estate agent, your mortgage broker, and a CPA. Seller concessions (2%-6%). Mortgage payoff (varies).

Closing costs 111

Closing costs Equity Short sale Agents 111

HomeLight

OCTOBER 28, 2024

“It’s taking longer to sell houses because there are more houses to see,” says Chris Winstead , a top-rated San Antonio real estate agent who sells homes 40% quicker than average agents in his market. There are almost twice as many options for buyers, and that kind of lines up with the increase in days on market.”

Closing costs 59

Closing costs Seller concession Title Closing 59

HomeLight

APRIL 11, 2023

Is it a good time to buy an Arizona house in the current market? Though average mortgage rates have significantly increased since the peak of the pandemic housing boom, median sales prices have been dropping and the number of active listings has been increasing. Somebody that the other agent or the seller is familiar with.

Purchase and sale agreement 104

Purchase and sale agreement Agents Seller concession Inspection 104

HomeLight

JULY 25, 2022

Here are some of the common concerns you may face: Cost of mortgage interest: At the beginning of your loan, a bigger percentage of your mortgage payment goes toward interest. Use a top agent to price it right: Pricing your home to sell may reduce the number of days on market (DOM) and allow you to cut your losses.

Closing costs 110

Closing costs Short sale Equity Sales 110

HomeLight

FEBRUARY 8, 2023

Seller concessions: Depending on whether issues are found during the home inspection process, the seller may have to come up with funds at closing to cover any necessary repairs. For an older home that’s had less maintenance, it can cost hundreds or even thousands of dollars to get it ready to list and show.

Purchase and sale agreement 105

Purchase and sale agreement Inspection Investor Agents 105

HomeLight

SEPTEMBER 30, 2022

Marketing your home is time-consuming. Not having agent representation could also lead to paying more in seller concessions. In Wisconsin’s shifting market, “Condition is really going to drive days on market ,” Labus says. You’ll still have selling costs, which may include transfer and settlement fees.

Purchase and sale agreement 104

Purchase and sale agreement MLS Agents Inspection 104

HomeLight

OCTOBER 14, 2022

With an average of 59 days on market, she sells properties 51% faster than the average agent. Forrester says Pennsylvania FSBO sellers she encounters typically choose that route “because they want to save money and they think that by not paying commission they’re going to come out ahead.”. Marketing your home is time-consuming.

Purchase and sale agreement 110

Purchase and sale agreement MLS Seller disclosure Agents 110