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Housing inventory is surging across the U.S., with new listings up over 11% and total active listings rising more than 30% year-over-year. But despite more homes hitting the market, many buyers are still on the sidelines—held back by high mortgage rates and ongoing affordability concerns. In this episode, Kathy Fettke breaks down the latest data from Realtor.com's Weekly Housing Trends Report and explains why increased supply isn't translating into stronger demand. You'll also hear insights on inflation, Federal Reserve policy, and how buyer sentiment is shifting as the typical home spends longer on the market. LINKS Download Your Free Top 5 Cities to Invest in 2025 PDF!https://www.realwealth.com/1500 JOIN RealWealth® FOR FREE https://realwealth.com/join-step-1 FOLLOW OUR PODCASTS Real Wealth Show: Real Estate Investing Podcast https://link.chtbl.com/RWS Real Estate News: Real Estate Investing Podcast: https://link.chtbl.com/REN SOURCE: https://www.realtor.com/news/trends/mortgage-interest-rates-now-may-8-2025/ TOPICS DISCUSSED: 00:00 Housing Inventory 00:27 Realtor.com's New Report 00:54 Total Active Listings 01:25 Economic Indications 02:00 Days on Market 02:18 Home Pricing 02:40 Buyer Activity
A listener asked: When selling your home to purchase another, should you buy a new home for the same price, or is it acceptable to buy one for less and keep the difference? Should I stage my house for sale or not? What types of repairs should I consider making? What are the home contingencies in a conventional purchase? What types of inspections should I get when buying a home?
...when you were sure that it would quickly sell for top dollar Let's start with the basics There are 3-4 things that really matter most location condition marketing price did you nail down those 4 things ? if you did not you have your answer if you got those 4 things right then we need to dig a little deeper how about the 4 point inspection ? how well did the home do with regard to roof plumbing hvac electrical let's suppose that you did well in all of those areas now what ? what about the wdo inspection (wood destroying organisms) wood rot termites is there a transferrable termite bond any past evidence of flooding in the home? has there been a hurricane claim on your insurance? has a water line ever broken in the home and filled the house with water? did you try to sell it on your own? were you highly responsive when people called? was the home proefessionally cleaned? did you hire a company to pre-inspect the home? I have given you the proverbial tip of the iceberg here listen to today's show to hear whats below the surface
Use these home pricing strategies and scripts for listing houses for sale in a manner that enables sellers to both negotiate and obtain the highest amounts of sales proceeds. Book a FREE coaching call: http://CoachCallFree.com Enroll in our online courses: http://www.IcenhowerInstitute.com Sign up for coaching: http://www.IcenhowerCoaching.com Sign up for an Agent Management Portal: http://AgentManagementPortal.com Join the fastest growing Facebook Group for Top Producers: https://www.facebook.com/groups/REagentRoundTable
Unlock the secrets behind the housing market shortage and the relentless rise in rent prices. This episode offers a critical analysis and expert insights into the real estate trends that matter most.Detailed Episode Overview:With the housing market shortage as our focus, this episode pulls back the curtain on the factors driving up home prices and rents. Mike Mills guides listeners through a detailed exploration of the real estate market, highlighting Logan Mohtashami's predictions on mortgage rates and shedding light on the concerning trends of rent price fixing and the role of corporate landlords in exacerbating the housing crisis.Key Takeaways:Understanding the Housing Market ShortageThe current housing market shortage is a complex issue with far-reaching implications. Mike Mills discusses the gap between household formations and new construction, highlighting the impact on affordability and the American dream of homeownership.Mortgage Rate DynamicsThis episode delves into the fluctuating world of mortgage rates. Insights from Logan Mohtashami provide listeners with a better understanding of the economic factors influencing rates and their effect on the housing market.The Impact of Corporate Landlords and Rent Price FixingCorporate landlords and rent price fixing are driving the national rent crisis. The episode explores Realpage's controversial practices and the broader implications for tenants and the housing market.The Financial Benefits of HomeownershipDespite challenges, homeownership remains a key to financial stability. This episode outlines the benefits of owning a home, contrasting these with the uncertainties and escalating costs of renting.The Critical Role of Market EducationEducating clients and the public on the realities of the housing market is crucial. Mike emphasizes the importance of informed decision-making in navigating today's complex real estate landscape.00:00:08 - 00:00:34 | IntroductionMike Mills welcomes listeners, setting the stage for a discussion on the housing market's challenges and the importance of homeownership.00:00:34 - 00:00:47 | Host IntroductionIntroduction to Mike Mills, a North Texas mortgage banker with Geneva Financial, emphasizing his passion for helping people navigate the world of loans.00:00:47 - 00:01:21 | The Housing Shortage CrisisDiscussion on the current US housing shortage and its implications for real estate prices and accessibility.00:01:21 - 00:01:48 | Insights on Mortgage RatesBreakdown of Logan Mohtashami's insights on mortgage rates and predictions for the future.00:01:48 - 00:02:05 | Listener Engagement CallMike encourages listeners to engage with the podcast through likes, comments, and shares.00:02:05 - 00:02:23 | Interest Rates UpdateAn update on last week's mortgage rates, including a tease of rates dropping below 7%.00:02:23 - 00:02:57 | Analysis by Logan MohtashamiIn-depth look at Logan Mohtashami's article on mortgage rates, influenced by job data and Federal Reserve comments.00:02:57 - 00:03:21 | Forecast on Ten Year YieldExploration of the 2024 forecast for the ten-year yield and its impact on mortgage rates.00:03:21 - 00:03:44 | Recent Trends in Mortgage RatesDiscussion on the recent drop in mortgage rates to 6.875% and its effect on the housing market.00:03:44 - 00:04:10 | Inventory and Home Pricing...
Welcome to another enlightening episode of GoGaddis Real Estate Radio, your trusted source for real estate wisdom. I'm Cleve Gaddis, your host, and today, we're diving deep into the world of real estate pricing. Segment Teaser: Here's a sneak peek of what you can expect: Metro Atlanta Real Estate Update: We'll bring you the latest statistics from the Metro Atlanta real estate market for the past month. It's crucial to stay informed about the trends in your area, whether you're buying or selling. Something You Should Know about Atlanta: Discover Atlanta's Best Pottery Painting Studio, All Fired Up. Unleash your creative side in the heart of our vibrant city. Does Price Matter, Even at This Time of Year?: If you've ever wondered why your home hasn't sold, despite being on the market for a while, we've got answers. Sometimes, the key factor is pricing. We'll discuss why an accurately priced home can make all the difference in attracting potential buyers. Listener Question: Jordan from Cumming asks an important question. If your home has been lingering on the market without any takers, it's natural to feel frustrated. But is it the wrong time of year, or is there a deeper issue at play? We'll provide valuable insights to guide you in the right direction. Join us as we unravel the mysteries of real estate pricing, helping you maximize your selling potential. It's all here on GoGaddis Real Estate Radio, where we empower you to make the best real estate decisions with confidence. Host of GoGaddis Radio, Cleve Gaddis, has been a fixture in metro Atlanta real estate since 2000. He has served Atlanta since 1987 by helping thousands of buyers and sellers make smart decisions. As a Co-Team Leader of Modern Traditions Realty Group, he is able to help clients and real estate agents alike. He has the heart of a teacher and is passionate about helping listeners learn the ups and downs and the ins and outs of smart home buying and selling all throughout metro Atlanta. If you have a question for Cleve, click here : https://gogaddisradio.com/ask-a-question If you are looking to buy or sell your home with Cleve, click here : https://moderntraditionsrealty.net/contact If you are looking to join a real estate team, click here : https://moderntraditionsrealty.net/career-opportunity
The future of home appraisals is rapidly changing with AI's capability to assess property values using tools like Google Street View. MIT's AI, trained on data from 27 million houses, has demonstrated its proficiency in understanding neighborhood profiles. Meanwhile, materials like copper, lithium, and graphene are becoming pivotal for industries, driving advancements in renewable energy, electric vehicles, and electronics. Amidst these technological shifts, Ric spotlights the new play "Flawless," offering a deep reflection on the emotional challenges of Alzheimer's disease.Subscribe to podcast updates: https://form.jotform.com/223614751580152Ask Ric: https://www.thetayf.com/pages/ask-ricRic's Books: https://www.amazon.com/stores/Ric-Edelman/author/B000APYJPM-----Links from today's show:Global X Disruptive Materials ETF (DMAT): https://www.globalxetfs.com/funds/dmat/Flawless the Play: http://ww.flawlesstheplay.com/Indiegogo: https://www.indiegogo.com/projects/flawless-a-play-by-robin-goldfin#/-----Follow Ric on social media:Facebook: https://www.facebook.com/RicEdelmanInstagram: https://www.instagram.com/ric_edelman/ LinkedIn: https://www.linkedin.com/in/ricedelman/X (formerly Twitter): https://twitter.com/ricedelman YouTube: https://www.youtube.com/@RicEdelmanBrought to you by:Global X ETFs: https://www.globalxetfs.com/Invesco QQQ: https://www.invesco.com/qqq-etf/en/home.htmlPrisidio: https://www.prisid.io/Schwab: https://www.schwab.com/Disclosure page: https://www.thetayf.com/pages/sponsorship-disclosure-fee-----
I'll be SHOCKED if you have heard this solution to this mistake. It sounds so obvious, but surprisingly, no one is doing this. Make sure that you take this advice, and you can thank me later
Melissa was joined by Tracy Grady, full-time Realtor at Boston Connect Real Estate to discuss strategies when pricing your home to sell. Podcast & Live Radio Show on WATD 95.9 McNamara Broker Team Boston Connect Real Estate Sharon McNamara | Mary Baker | Melissa Wallace Facebook Live every Tuesday at 6:15 pm & Saturday at 10AM @ facebook.com/McNamaraBrokerTeam Follow our team on Instagram @McNamaraBrokerTeam
On today's episode, Editor in Chief Sarah Wheeler talks with appraiser Ryan Lundquist, author of the Sacramento Appraisal Blog, about how sellers and agents can set home prices effectively in this volatile market.HW Media articles related to this episode:Don't expect a drop in home prices in 2023, NAR economist saysEnjoy the episode!HousingWire Daily examines the most compelling articles reported across HW Media. Each morning, we provide our listeners with a deeper look into the stories coming across our newsrooms that are helping Move Markets Forward. Hosted and produced by the HW Media team.
Herb Weisbaum, The ConsumerMan, is a contributing editor at CHECBOOK.ORG, the non-profit that rates all type of businesses in the Chicagoland area. He's also the host of their new CONSUMERPEDIA podcast. listen in to Herb and John discuss his latest articles on credit agencies reporting on medical debt and funeral homes posting their prices online.
10 Step Home Pricing Strategies For THIS Market Today we're talking about something that you need to get great at, especially when you're listing property but also when you're on the buyer side, so you can advise your buyers on what's appropriate to offer. FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh The market shift has moved pricing to the forefront of everyone's mind. Houses are selling closer to the list price, making the initial price more important than when everyone was offering massively over the market. We're already seeing a surge in Expireds, indicating that 'aspirational pricing' may be coming to an end. Getting great at pricing builds not only your competence but your confidence! LIKE and SUBSCRIBE AND PLEASE LEAVE A COMMENT: https://bit.ly/3NXGxNb FREE REAL ESTATE SALES TRAINING AND COACHING: Enroll NOW, FREE Real Estate Coaching and Training: https://bit.ly/3aUimkh COMPLETE Show Notes and Podcasts: https://bit.ly/3twGrDX LATEST REAL ESTATE NEWS: https://bit.ly/3Obuhs2 EXP REALTY EXPLAINED: Tim and Julie Harris are one of the TOP EXP REALTY Sponsors in the world. We would love to be your sponsor at eXp Realty. Text TIM HARRIS directly to be sponsored by Tim and Julie Harris 512-758-0206. Our EXP Realty site: https://bit.ly/3NJTPwB * Completing the EXP Realty application now? Name JULIE HARRIS from Georgetown Texas as your sponsor! Watch this video: https://bit.ly/3QjYJCo and here is the application: https://bit.ly/3MKPw35 FOLLOW TIM AND JULIE HARRIS: Nations #1 Daily Real Estate Training Podcast: https://apple.co/3xJgofx YouTube: https://bit.ly/3NXGxNb Facebook: https://bit.ly/3twOBfM Instagram: https://bit.ly/3QjxdVF eXp Realty: https://bit.ly/3NJTPwB HARRIS Real Estate Coaching: https://bit.ly/3tvp0DI Our #1 international best-selling book: https://amzn.to/3tzHymr Free DISC Personality test for Realtors: https://bit.ly/3aUimkh MORE REAL ESTATE TRAINING VIDEOS YOU WILL LOVE: Peter Schiff Interview: https://bit.ly/3aXC1zN EXP Realty Explained: https://bit.ly/3mGBVyV Housing Bubble Popping?: https://bit.ly/3MK62A7 Housing Crash Survival Guide: https://bit.ly/3zxoyZD 5 Must Know Success Rules For This Market: https://bit.ly/3QeSbVv Real Estate Agent New Mortgage Rules: https://bit.ly/3zCjSld FAMOUS REAL ESTATE AGENT INTERVIEWS: 100s of interviews: https://bit.ly/3Qk85he Featuring: Fredrik Eklund: https://bit.ly/3NMDOpE Ryan Serhant: https://bit.ly/39fx6tx Jade Mills: https://bit.ly/3tvZQVC WHO ARE TIM AND JULIE HARRIS?: https://bit.ly/3mGOWbU "Our real estate journey began 30 years ago and we knew early on that we wanted to share our playbook to success. We've had the pleasure of transforming thousands of careers achieving success and financial freedom. We know what it takes and we're looking forward to meeting you so we can jumpstart your growth!" AWARDS: #1 Coaches in the Business by Inman #1 Podcast for Real Estate by FitSmall Business. #1 Residential Real Estate Podcast Motley Fool #1 Best Selling Real Estate Book: 500+ 5 Star Reviews, HARRIS Rules. amzn.to/3tzHymr EXP Realty Top .05% eXp Influencer. Alpha Group EXP Realty Copyright 2022, All Rights Reserved Tim & Julie Harris® Real Estate Coaching exp realty teams brokers exp realty coaching exp explained real estate investing
Use these home pricing strategies and scripts for listing houses for sale in a manner that enables sellers to both negotiate and obtain the highest amounts of sales proceeds.
This week on The Home Builder Digital Marketing Podcast, Betsy Feldmann of PRICE BLD-R and First Story Marketing joins Greg and Kevin to discuss how builders can make the new home buying journey simpler with more transparent pricing. https://www.buildermarketingpodcast.com/episodes/110-new-home-pricing-made-easy-betsy-feldmann
For this week's episode of Houses in Motion, which is part of HousingWire Daily, the founder of AVM testing company AVMetrics Lee Kennedy spoke with HousingWire real estate reporter Matthew Blake about the capabilities, limitations, and necessity of AVMs, as well as the complex data that goes into making decisions.
Does home pricing and how we calculate home prices affect sustainability in communities? Join Mike and Nick as they discuss the possibilities. We hope you enjoy the show and if you do, please consider sharing it with your friends and family or leave a review on your favorite podcast platform. The more people that we can expose to sustainability, the better. Thank you! Please consider supporting the podcast: Here Want to try the dog treats that drive my pup crazy? Visit Howl about it Bakery Greeningyourlife.org Get the book: Here --- Support this podcast: https://anchor.fm/realistic-sustainability/support
There are three strategies that a seller can use to price their home.
On today's menu of Mortgage Gumbo your Chef Dwayne Stein explains how Home Pricing Affordability works. He also explains and debunks fact and fiction on Home Rental versus Home Buying.
Find out what's coming on the market before it's public, before it's on Zillow or Redfin! The most amazing homes are bought by the buyers this way! Don't miss out! www.bit.ly/DreamHomeAccess I got a secret! It's how my sellers are getting more and more money consistently! And I put it together into a case study you can get INSTANT ACCESS to hear: www.bit.ly/HoffmanHome But wait, there's more! Our brand new QUIZ is designed to give you instant feedback on how your home is stacking up against the competition! No need to schedule an appointment. Instantly Access it here: www.bit.ly/HomeScoreQuiz Wondering where Your Home Equity is at? FREE & INSTANT EQUITY REPORTS are available at: www.HomeWorthCalculator.com Follow Me on Youtube for more FREE content: https://bit.ly/34HB6Lu Get my Home Staging Guide Freebie here: www.FreeStagingGuide.com LET'S CONNECT ON FACEBOOK FOR MORE FREE CONTENT: www.facebook.com/janinesassorealestate What are you curious about? Email me your question to: Janine@3KeysRealEstateGroup.com Also Available as a podcast here: https://anchor.fm/janine-sasso #SellingHoffmanEstates #Realtor #Chicago #MailingSillyThings #SillyThingsToMail #FunnyMailings #WednesdayWisdom #OurClientsAreLikeFamily #JanineSasso #ColdwellBanker #Realtor #3KeysHomeGroup #Schaumburg #HoffmanEstates #3Keys #ShopYourNeighborhood #HomeWorthCalculator #YourGermanRealtor #RealEstateWithoutTheFluff #HyperLocalAgent TAGS Schaumburg, Hoffman Estates, Best Real Estate Team Chicago, Chicago Real Estate, Real Estate, How to buy a home, How to sell and buy and home at the same time, how to find out my home's value, renting, how to save for a downpayment, Janine Sasso, Barrington, Inverness
These two examples show why pricing is so critical for today’s home sellers Today we want to talk about what it might cost you if you choose the wrong agent to help you sell your home. Here are two examples that perfectly illustrate the point. The first example was a property that was listed for $400,000. We looked at it and said there was no way it could be a $400,000 house; we thought it was worth a lot more. We looked into it, and we followed the sale until it closed at $515,000. With all its upgrades, I think this home easily could have been listed and appraised for $545,000. The house was vacant and in really good condition. It was listed for tens of thousands less than it should have and sold for that much less. “When a home sits on the market, buyers start to wonder what’s wrong.” Another example is from a seller who was on the other end of the spectrum when it comes to pricing. The agent they were working with initially gave them a price that was way higher than they should have listed at. They ended up having to drop the price three times, and at that point, people started to think there was something wrong with the house. When a home sits on the market, that’s what happens. After 80 days, we got a call asking for our help. We got the home back on the market and every agent who showed the property gave the feedback of “there must be something wrong.” By the time this thing closed, the sellers had five extra months’ worth of payments to make on this home plus the mortgage payment on their new home. They ended up spending an extra $25,000 just because they priced their home in hopes the market would chase the property, not the other way around. Pricing is essential in today’s market. It’s not a one-size-fits-all answer, and each property is different. If you have any questions about selling your home or anything else related to real estate, don’t hesitate to reach out via phone or email. We look forward to hearing from you soon.
There are truly 3 home pricing "strategies" used in modern day real estate: pricing under value, at value, or over value. In this video, I go over these strategies and breakdown what WILL happen along with WHAT could happen. Andrew McManamon is a licensed real estate professional in the great state of Michigan. Andrew truly believes that education is KEY when it comes to anything real estate. This audio experience podcast was created to help YOU get educated about the real estate industry and get valuable insight about the areas in which Andrew covers. FOLLOW ANDREW ON INSTAGRAM, FACEBOOK, LINKEDIN, TWITTER & TIK TOK If you have any questions about living in Michigan, please don't hesitate to reach out! Call, text or email anytime! ADDITIONAL RESOURCES: https://beacons.page/andrewmcmanamon https://www.mihomesbyandrew.com --- Support this podcast: https://anchor.fm/andrew-mcmanamon/support
Here's a look at what the future might hold for our housing market. Right now, we're used to being in a scaldingly hot seller's market. If you put a home on the market, you're going to get multiple offers and receive more than your asking price. And due to fierce competition, buyers are doing everything they can to get their offers noticed and accepted. What goes up must come down, however, and the market may soon begin to normalize somewhat. I'm not talking about things turning into a buyer's market, but we do anticipate a shift in the near future. There are a few reasons why. Inventory is still historically low, but more homes begin to come onto the market for the spring selling season in April, May, June, and July. Even now, we're seeing more and more listings pop up. When inventory increases, demand usually decreases a bit. Additionally, interest rates are beginning to rise. We've enjoyed incredibly low interest rates of around 2.5% for a while, but they're now closer to about 3.25%. When rates go up a half percent, affordability falls by approximately 6%, so these increases have forced some buyers out of the market. As rates continue to rise, more and more buyers will have to drop out. As a result, supply will likely increase and demand will decrease. “Don't let the last few months determine how you price your home going forward.” Interest rates change with world conditions, meaning that as things become more certain, rates increase. We've had stimulus checks, business openings, a better economy, vaccines, and more of a general return to normalcy. Since things are mostly improving, interest rates will likely settle around 3.5% to 4% by the end of the year. With more homes on the housing market and higher interest rates, buyers are going to have more options to choose from. Sellers will need to be extra careful when it comes to pricing their homes, as there simply won't be the same level of competition and demand among buyers. Buyers will be able to be a bit pickier when looking at homes, so you'll need to price yours effectively. Don't let the last few months determine how you price your home going forward. Your price is essentially the bait—if you price your home too high, you'll scare a lot of potential buyers away. However, even if you think you know what your home should be priced at, it's always in your best interest to work with a seasoned professional when selling. You want a Realtor who has worked through the drastic changes that occur within the market, as they understand how to gauge what buyers are looking for and how you can appeal to them. By knowing the market, your agent can help you secure top dollar on your sale and get as many eyes on your listing as possible. If you're thinking about listing your property or have any questions about our housing market, feel free to reach out to us. We'd be happy to help you with any and all of your real estate needs.
Real Estate News on Real Estate Talk Podcast. On this episode we will discuss the Real Estate Market and what’s happening in March 2021. What the market is doing to sellers, buyers, and agents. Is there a Bubble and will this Bubble Burst? Knowledge is power! ✅ Home Pricing and the Market Trend ✅ Is there a real estate Bubble? ✅ How to get an offer accepted by a seller. ✅ Buyer and Seller Negotiations. ✅ How to put deals together. ✅ Paying above appraised value. ✅ Low interest rates. ✅ How to prepare for a smooth closing. Check out our Podcast at https://www.podomatic.com/podcasts/realestatetalk Visit our Real Estate Website at www.SageAndAssociatesAZ.com
GFBS Berkshire Hathaway HSFR Most Common Myths about Home Pricing with Jon Broden #gfbs #local #grandforksnd #RaiseTheForks #SimplyGraND #GFisCooler #grandforksbestsource #visitgreatergrandforks #berkshirehathaway
How To Make the Most Money When You Decide On Pricing Your HomeBarb Schlinker Radio Show719-301-1802 | 719-301-3900Your Home Sold Guaranteed Realty Colorado#coloradosprings #yourhomesoldguaranteedrealty #barbschlinker #realestatevoiceWhy is it important that Home Sellers need to understand about deciding on an asking price for their home?Most buyers shop just below their maximum sales priceMany buyers shop in $50K incrementsThere is always someone who is a distressed seller in the area and will reduce the price uncommonly low.I’m not suggesting you do that butYou want to be the BEST HOME on THE BLOCKWe offer, in-depth pricing consultations when we meet with home sellers to price their homes Realistically vs Optimistically.Here are the common pricing mistakes:Pricing too high for “NEGOTIATING ROOM”Buyers fear making an offer if its priced too high.Pricing based on THE COST OF THE IMPROVEMENTSNot all improvements will net 100% or more of the investments.Story: I’ve had home sellers that have priced optimistically then slowly walked the price down. During that process rejected an offer, then subsequently sold the home for $40k less than the original offer which was less than their original Optimistic price.Asking $950K, Offer $899K, rejected, months later, sold for $860KShould a home seller pick an agent based on asking price?Most home sellers rely on the advice and expertise of their agents:Sellers don’t have access to similar sales only ZillowMost agents do not walk them visually through similar sales to compare how their home will perform against othersBuyers pay a premium for most cosmetic upgrades, (in seller’s control), views, condition.Sellers should also put their buyer hat on and look at the current competition…What can a buyer get for that price range is a clue as to whether their home will sell in that price range.Highway 24 Story:1. Seller used the advice of another agent, 6 months of summer went by with no contract.2. Agent dodged, blew them off for a meeting about the lack of results.3. Ultimately hired me.4. Priced it realistically and it sold in 2 weeks.
Jeff tackles this episode alone and talks about the pricing for Pokemon Home, the Apex team giving us a mystery to solve, and upcoming games launching on different systems. --- Support this podcast: https://anchor.fm/diggitypodcast/support
Property appreciation is slowing in housing markets across the country as upward pressure on the demand for homeownership declines, according to the latest national index produced by Florida Atlantic University and Florida International University faculty. Learn more at business.fau.edu/buyvsrent and on Twitter @FAUHousingEcon.Support the show (https://business.fau.edu/giving/)
Palm Beach County appears to be approaching the peak of its current housing market cycle according to a market analysis of Palm Beach County housing from faculty at Florida Atlantic University and Florida International University. Learn more at business.fau.edu/buyvsrent and on Twitter at @FAUhousingEcon.Support the show (https://business.fau.edu/giving/)
Who sets the sticker price for a home for sale anyway? Jen and Dan separate myth from fact. Also in this episode: 5 smart home devices - can they simplify your life and save you money? Link to Realtor Magazine Article: https://magazine.realtor/technology/feature/article/2019/05/the-ultimate-smart-home-5-devices-that-save-money Connect with host Jennifer Fried on Facebook, Instagram and at Brick and Barn Real Estate Group here: https://www.facebook.com/jenfriedRE/ https://www.brickandbarngroup.com/realestate/agent/jennifer-fried/ www.instagram.com/jenfriedre Connect with host Dan Ferullo on Facebook , Instagram and at Brick and Barn Real Estate Group here: facebook.com/danferullorealestate danferullorealestate.com www.instagram.com/dan.ferullo By accessing this Podcast, I acknowledge that Cut to the Chase with Jen and Dan, Jennifer Fried, Dan Ferullo and Brick & Barn Real Estate Group make no warranty, guarantee, or representation as to the accuracy or sufficiency of the information featured in this Podcast. The information, opinions, and recommendations presented in this Podcast are for general information only and any reliance on the information provided in this Podcast is done at your own risk. This Podcast should not be considered professional advice. Unless specifically stated otherwise, Cut to the Chase with Jen and Dan, Jennifer Fried, Dan Ferullo and Brick & Barn Real Estate Group do not endorse, approve, recommend, or certify any information, product, process, service, or organization presented or mentioned in this Podcast, and information from this Podcast should not be referenced in any way to imply such approval or endorsement. The third party materials or content of any third party site referenced in this Podcast do not necessarily reflect the opinions, standards or policies of Cut to the Chase with Jen and Dan, Jennifer Fried, Dan Ferullo and Brick & Barn Real Estate Group. Cut to the Chase with Jen and Dan, Jennifer Fried, Dan Ferullo and Brick & Barn Real Estate Group assume no responsibility or liability for the accuracy or completeness of the content contained in third party materials or on third party sites referenced in this Podcast or the compliance with applicable laws of such materials and/or links referenced herein. Moreover, Cut to the Chase with Jen and Dan, Jennifer Fried, Dan Ferullo and Brick & Barn Real Estate Group make no warranty that this Podcast, or the server that makes it available, is free of viruses, worms, or other elements or codes that manifest contaminating or destructive properties.
How affordable (or unaffordable) is housing in Palm Beach County, Florida? A review of the county's current price-to-income and payment-to-income ratios. Learn more at business.fau.edu/buyvsrent and on Twitter @FAUHousingEcon.Support the show (https://business.fau.edu/giving/)
How affordable (or unaffordable) is housing in Miami-Dade County, Florida? A review of the county's current price-to-income and payment-to-income ratios. Learn more at business.fau.edu/buyvsrent and on Twitter @FAUHousingEcon.Support the show (https://business.fau.edu/giving/)
How affordable (or unaffordable) is housing in Broward County, Florida? A review of the county's current price-to-income and payment-to-income ratios. Learn more at business.fau.edu/buyvsrent and on Twitter @FAUHousingEcon.Support the show (https://business.fau.edu/giving/)
FAU Business recently hosted its first-ever Real Estate Connect Conference, which drew industry stakeholders from around the country to discuss the outlook for various markets in the United States and across the globe. Sponsored by The Anderson Family and Crossman & Company, the 2019 conference is the kickoff event for establishing a recognized real estate program in the college of business. The conference’s goal is to connect with a set of engaged partners that will provide guidance and support to the program going forward.Support the show (https://business.fau.edu/giving/)
When it comes to items in the grocery store, pricing something at 99 cents is better than $1, but is the same thing true for pricing your house? Recently, I read an interesting article on the Florida Realtor's website about the psychology of home pricing based on information presented by Robert McTague. https://www.floridarealtors.org/NewsAndEvents/article.cfm?id=378172 https://www.inman.com/2015/04/17/the-psychology-of-pricing-a-real-estate-property/ This is a topic that's always fascinated me, so I wanted to share this with you and break down what it means. WHAT ABOUT THOSE 9'S? Sellers and agents love home prices that end in 9's - they think it will make their listing seem like more of a bargain than the ones listed at $100 more. But you need to be careful, because you might be losing potential buyers. Here's why: buyers tend to search online in $25,000 increments. If your house is priced at $350,000 - it will be included in searches up to or starting at $350,000. Homes priced at $349,900 won't be shown to buyers who set a minimum price of $350,000. It may be beneficial to use the 9 strategy for properties priced in the middle of a $25,000 increment such as $310,000 going to $309,900. However, the article also pointed out that luxury brands tend to price items at round numbers like $1,500 - so as a seller, you should want your house to convey luxury rather than bargain basement. ODD PRICES SEEM MORE LEGIT What if you price your house at $354,000 or $357,000 - does that help? It actually might. McTague says that a precise price suggests that the seller did a full analysis of what their house is worth, and the buyer might view that listing as having less room for negotiation. COMMAS AND DECIMALS If you want to make your house seem more affordable, take out the commas and decimals from the price where you can. Buyers are more likely to see the price of $350000 as lower than $350,000.00. On the flip side, when you're negotiating or have a price decrease - add in all those commas and decimals. For example, you can market "Home Reduced $15,000.00!" that makes it look like a bigger discount. Hope you learned a few pricing strategies today! If you're looking to buy or sell a home in the Tampa Bay area - feel free to contact me. ABOUT MELANIE LOVES TAMPA BAY: Melanie is a Tampa Bay area Realtor with Smith & Associates. She loves Tampa Bay area area, houses, and helping clients buy and sell real estate. melanielovestampabay.com Email: matkinson@smithandassociates.com Call/text me if you are looking to buy / sell a home in the Tampa Bay area! 813.368.6084 DISCLAIMER: All content provided on melanielovestampabay.com and the Melanie Loves Tampa Bay YouTube channel/social media platforms is for informational/entertainment purposes only. The owner of Melanie Loves Tampa Bay makes no representations as to the accuracy or completeness of any information on this site. Information provided is subject to change.
Many U.S. metropolitan residential real estate markets are exhibiting downward pressure on the demand for homeownership, according to the latest results from the BH&J Buy vs. Rent Index. Learn more at business.fau.edu/buyvsrent and @FAUhousingEcon.Support the show (https://business.fau.edu/giving/)
Rising interest rates, contagion, and unabated property appreciation. According to FAU's Ken Johnson, these are some of the key, potential concerns in today's housing market. Learn more at business.fau.edu/buyvsrent and @FAUhousingEcon.Support the show (https://business.fau.edu/giving/)
In our first episode, professor and real estate economist Ken Johnson discusses current housing trends and whether the nation is on the verge of another real estate bubble. We'll also take a closer look at what's going on in Dallas, Denver, Houston, and Miami. Learn more at business.fau.edu/buyvsrent and @FAUhousingEcon.Support the show (https://business.fau.edu/giving/)
Create a pricing strategy based on Seller goals, comparable properties, considering property condition and upgrades, and then reacting to market activity.
If you’re a home seller, you need to make sure you work with an agent who prices your home the right way and takes all variables into consideration. Click here to perform a full home searchClick here for a FREE Home Price Evaluation You may also call me at (225) 335-7666 for a FREE home buying or selling consultation to answer any of your real estate questions.One of the most common mistakes I see agents make when pricing a home is running only one general report for that property, which is a CMA (comparative market analysis) for that individual neighborhood. Why is this a mistake?If you have one property in a neighborhood that sold for $100 per square foot and another property in the same neighborhood that sold for $120 per square foot, an agent who just runs a CMA might tell you your house is worth the average between the two—$110 per square foot. That may not be the case, though, and you may be leaving money on the table as a home seller if your agent doesn’t analyze the entire picture of your home’s value. Another example of this occurred just the other day when a former homebuyer client of mine called me and told me they thought they had a lot of equity built in their house based on an AVM (automated valuation model). The problem with AVMs is they can’t factor in any improvements you make to your house. They also can’t factor in your home’s location. There are many different factors that determine the value of a home, so while AVMs are useful, they have their limitations. This is why it’s important that your agent looks at all available variables when determining your home’s value. Most agents will only pull comparable properties within that one neighborhood the home is located in and give you an average from there. That’s a good starting basis, but there are two other factors you should consider, and they’re factors I use in my business that are very effective and lets me sell houses faster. The first is the above-mentioned CMA. This gives me a baseline of what values are going for in a certain neighborhood. Then I put together a TMO (total market overview), which encompasses the entire zip code for that location. Supply and demand regulates everything within every economy, and I want to make sure when I run a total market overview that I see what the competition is and how it compares to a property I’m putting on the market so it maximizes the value for its seller. “There’s a big difference between being in the market and just being put on the market. ”Whenever I put a property on the market, I want to make sure the seller maximizes their return, sells the property in record time, and does so with as little inconvenience as possible. Our goal is to maximize the value for our sellers, and your agent can’t do that relying on averages—they have to take everything into consideration. After I run a CMA and a TMO, I run an absorption rate report, which is the supply of homes on the market and how long it takes to sell off the remaining inventory, provided that no additional homes come on that market within that property’s price range. Absorption rate reports are very beneficial for developers because they pinpoint the price range that’s selling the fastest and how long it would take to sell off the remaining inventory in the neighborhood. If you’re a developer, you don’t want to sit on that information—you’re paying interest on a property every day that it goes unsold, so you want to sell it as fast as you can and for as much as you can. We can run this report for you and give you a great idea of the best price range to price a property and in which location. If you’re relocating to a new city because of a job change and need to sell your original home within a certain time frame, we can use all of this information to tell when you can expect to sell your home. There’s a big difference between being in the market and just being put on the market. These pricing strategies make sure you’re in the market, you’re being competitive, and all of your goals are met so you can transition to your new location with as little inconvenience as possible. If you have any other questions about the right way your agent should price your home or you have any other real estate needs, don’t hesitate to reach out to me. I’d love to help you.
This episode is celebrating our one-year anniversary in the #playhouseWe have had 51 unique and fun radio shows/podcasts and we hope you have enjoyed.We talk the David Knox method of pricing a home. David Knox Business Knowing if you utilize a Realtor®, the Realtor® is not in control over the market, the condition of the home, the location, the buyer's wants/needs or the terms of the market. The Realtor® is in control of "marketing" the home.The buyer determines the value when placing the offer. The seller has a choice to accept, reject or counter. The market analysis is the "test" of the market or in some cases an appraisal is utilized to determine list pricing of the home.Some items we know do not determine value - the sellers wants to net, the seller has invested X dollars into the home, the seller is moving and "needs the money"...all of these are conditions of the negotiation and do not effect the value of the house.The value of the house is only determined by one's willingness to pay for a home. Period. The end.The Realtor® is asked to market a home and sell it on a "contingency" basis. The real estate agent is not paid for their work until the transaction has settled. This ensures the real estate agent is invested financially and personally into the getting the most money for the seller in the easiest and simplest way possible. That is our goal. If the home does not sell, it is not always a reflection of the agent. According to the National Association of Realtors, the price of the home is 80% of the marketing. National Association of RealtorsAngus' Pick - Proof Mango WitAngus enjoys his in the summer! It is a refreshing beer and its not super expensive for craft beer! It has a 5.2 alcohol content and a great beer out by the pool with my friends!Patty's Pick - Jim Beam Twice Barreled Bourbon I love this bourbon. It is smooth and tastes great by itself or with a mix. I prefer ginger ale with my bourbon or whiskey. This bourbon is distilled in Clermont, Ky and is aged for 4 years plus secondary aging! Good Stuff Thank you for listening! See acast.com/privacy for privacy and opt-out information.
Understanding pricing strategies can make a big difference in selling your home. Oftentimes, I encounter people who falsely believe that the best route is to overprice a home, and then bring it down if it isn’t working. But, imagine for a second in this circumstance that you’re the buyer. When you put on your “buyer hat,” it isn’t hard to see why someone looking for a home might be deterred from an overpriced listing. Imagine one home that has just gone on the market, where the sellers have barely had time to put the sign in their yard. Then, imagine a property that has been on the market for 180, or even 210 days. “The longer we’re on the market, the lower the offers will be.” If these properties were exactly the same, how would your offers be different? The truth is that most people will offer less for a home that has spent more time on the market. The longer we’re on the market, the lower the offers will be. So selling sooner rather than later is key. If you are a buyer, however, you can use this fact to get a great deal. By finding a home that’s spent a lot of time on the market, and has no other issues other than having been initially priced far too high, you could have a great opportunity to get into a house that may now actually be cheaper and see less competition. As a seller, though, you want to avoid this situation. When you price your home too high, it’s inevitable that you will likely sell it for even lower than what you could have gotten if you had just priced it right the first time. If you have any other questions or want more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.
The strategy you take to price your home, ultimately has a direct correlation with the sales price you were able to achieve.
Want to sell your Michigan Home? Get a FREE home value report Want to buy a Michigan Home? Search all homes for saleToday, I want to talk about the future of home pricing. For decades, homes have been priced the same way. Realtors look at comparable homes and run a Comparative Market Analysis.Part of that is a necessary evil. When I meet with a prospective seller, I like to focus on absorption rates, what’s coming on the market, days on market, and other factors. These factors give sellers a better perspective and insight compared to basic questions about bedrooms, bathrooms, and price per square foot. Home buyers have shifted their focus from bedrooms, baths, and price to lifestyle, affordability, and commute times. In recent years, buyers purchase a home to suit their lifestyles. Right now, companies are creating algorithms to calculate the true cost of ownership. These algorithms will take factors like the age of the home, features, and mechanics to figure out the cost of ownership. That’s just one factor these new algorithms will take into account. A buyer can search for homes based on mortgage insurance, school quality, and proximity to favorite recreational hangouts. These pricing models will allow users to manipulate the algorithms by selecting properties and adjusting for market activity in their desired area. You can also search for the cost of home ownership, projected expenses, location, market activity, and the condition of the property.For example, let’s say you purchase a home with a new roof that will last for 30 years and plan on living there for 10 years. That’s less expensive than buying a home with a 15 year old roof that’s designed to last for 30 years. You will probably have to spend more money on roof upkeep. You may even have to replace it, raising your cost of ownership. This technology is very new. I’m going to stay on top of it and direct you to it once it’s working well. I’m very excited about this new technology. If you have any questions, give me a call or send me an email. I would be happy to help you!
In the latest Weichert podcast, our subject matter expert offers critical strategies for pricing employee homes "right" to ensure a quick sale in today's challenging market.