Real Estate Market Update

Real Estate Market Update for October 2018

Sellers: don’t price with the expectation of an increasing market Recently, the market has mellowed as buyers retract. Home sales have continued to decrease for over 5 months as a result, leaving many real estate listings overpriced. Buyers don’t see the same value as sellers these days which is causing properties to sit for longer, showing longer days on market…

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Buyer Feedback
Home Buyers

Home Buyers Feedback Can Be a Double-Edged Sword

Self-represented sellers on GetMoreOffers should always carefully weigh what they say to buyers’ agents. This includes whenever the seller is soliciting feedback which may or may not prove helpful. You can’t always trust that negative feedback reflects the real reasons buyers don’t make offers.  Let’s say the home has been shown fifteen times with absolutely no offers, and you have…

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buyers agent commissions
Flat Fee MLS, Real Estate Commissions

Do I need to offer 3% to a buyer’s agent when listing flat fee MLS?

Regardless of the offered buyer’s agent commission or compensation, that agent will protect their buyer’s best interest and show the home. We recommend paying 2.5% commission to the buyer’s agent. The buyer’s agent may say the discounted real estate commission is too low or try to dissuade the buyer because the listing type is FSBO or limited service listing. Always…

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troy borkowski
FHA, Mortgage

Federal Government Aids Victims in Designated Disaster Areas

Purpose: Through Section 203(h), the Federal Government helps victims in Presidentially designated disaster areas recover by making it easier for them to get mortgages and become homeowners or re-establish themselves as homeowners. Type of Assistance: This program provides mortgage insurance to protect lenders against the risk of default on mortgages to qualified disaster victims. Individuals are eligible for this program…

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