Amid strong demand and tight supply, REALTORS® reported that properties that sold in February 2018 were typically on the market for 37 days, down from 45 days compared to the same month last year, according to the February 2018 REALTORS® Confidence Index Survey.[1] The median days on market have been broadly on a downtrend since… Continue Reading In Which States Did Properties Sell Most Quickly in February 2018?
What’s your home improvement persona: The Sensible Improver, the Project Planner, the Reliable Renovator, the Visionary, or the Extrovert? View this infographic from the Home Projects Council to learn the five main home remodeling personality types. Powered by WPeMatico
Drew Heasley By Drew Heasley Most markets are facing inventory shortages this time of year. There are simply too many buyers and not enough homes for sale. This requires buyer’s agents to get creative and aggressive in order to help their clients get the home they want. There are a lot of ways to get… Continue Reading How to Win the Deal in a Seller’s Market
Calling all stagers! Realtor Magazine is on the lookout for great examples of staging a space in some of today’s most popular home styles, from farmhouse chic to modern or contemporary. I’m looking for some real estate professionals and stagers who would be willing to show off some of their favorite staging styles. If you… Continue Reading Show Us Your Best Staging Photos!
Closing, bots, candy, relocation, technology, community, and books. There are many variables in play before a sale closes. Have you run into any of these? Are you clicking a link shared by a person or a bot? Why hasn’t anyone told New England Confectionery Co. that all they need to do is rename these “Blockchain… Continue Reading What We’re Reading: April 9-13
SCR contract states that the parties will sign a disbursement agreement if a deal fails to close. SCR310 Section 23 (D) If either/both Parties default, Parties agree to sign an escrow deposit disbursement agreement or release agreement. If there are brokerages that want their law firms to develop similar language, that is fine but that… Continue Reading Earnest Money Solution
Safest risk management is (1) seller discloses audio/video surveillance and (2) buyer behaves legally/respectfully inside the listing and (3) buyer never speaks confidential information inside the listing (e.g. I would pay full price for this house! I love this house. If overheard, this info could harm the buyer's negotiating position.) Issues with security surveillance (audio/video)… Continue Reading Surveillance Issues – Security Cameras and Security Microphones
Federally backed home loans from the Rural Housing Service have been called one of the the government’s best kept secrets because buyers can get safe, affordable mortgage financing in areas where few other loan options are available. The underwriting requirements are considered both strong and reasonable, and, maybe most important, homes that wouldn’t be eligible… Continue Reading How Suburbanization Impacts Rural Home Loans
New Jersey Department of Banking and Insurance Acting Commissioner Marlene Caride has issued a bulletin that alerts banks, mortgage lenders, real estate licensees, consumers and small businesses involved in mortgage loan transactions of the prevalence of fraudulent schemes to divert funds transferred by wire. The bulletin also provides guidance for financial services companies on recommended… Continue Reading Wire Fraud NJ Issues Alert Bulletin
NAR members and Association staff can borrow up to six electronic books, digital audios and/or videos at no cost, through the Virtual Library eBooks Collection. Members can also borrow up to three books for 30 days from the Library Catalog for a nominal fee of $10. Call Information Services at 800.874.6500 for assistance. Fill Your Funnel Selling with… Continue Reading New Books–April 2018