Suzanne Michaud’s Post

While sellers want their house to sell quickly, at the same time, data provided by the National Association of REALTORS® shows residential listings are taking longer to sell right now. You can still see your home go under contract fast, but only if you have the right strategies in place to close that gap. Thinking of selling? Let’s have a confidential conversation. - Andreia Santos 📲 917-658-5009 #realestate #marketinsight

eXp Realty Alexandria, VA 22314 571-496-8244 Have you heard? Inventory is growing. And not all that growth is because more homeowners are putting their houses up for sale (new listings). It’s also that some homes are taking a bit longer to sell (active listings). If you want to make sure your listing doesn’t stick around long enough to go stale, DM me to chat about the marketing strategies I’ll use to draw in more buyers. #TheTeacher-Agent

eXp Realty Alexandria, VA 22314 571-496-8244 Have you heard? Inventory is growing. And not all that growth is because more homeowners are putting their houses up for sale (new listings). It’s also that some homes are taking a bit longer to sell (active listings). If you want to make sure your listing doesn’t stick around long enough to go stale, DM me to chat about the marketing strategies I’ll use to draw in more buyers. #TheTeacher-Agent

In the post settlement period real estate agents can expect the brokerage firm's office to track the number of open houses and the consumer attendance. These figures will be compared with the number of buyer showings for the brokerage firm's active listings. This is done to determine if the National Association of Realtors signed settlement agreement requiring potential buyers to sign a written agreement before touring a house is contributing to an emerging trend. The firm is reviewing their collected numbers to understand if local current consumer behavior is demonstrating an increased attendance with open houses and a decreased number of buyer showings with the firm's active listings. If this proves to be an emerging trend the brokerage firm may adjust their approach to selling by increasing the frequency of open houses for each individual listing. As a State of Wisconsin licensed real estate agent with Weichert, Realtors- Great Day Group I guide sellers through the varied steps of the real estate sales cycle. Call Louis Kutzke real estate agent at 608-432-4286 for assistance with selling property- serving Wisconsin Dells, Baraboo, Reedsburg, and Portage areas.

Make sure you’re speaking with the right professional when you are selling or buying a home. The real estate industry is experiencing significant change as new service fee rules are set to take effect on August 17, 2024. These changes, stemming from a settlement between the National Association of Realtors (NAR) and home sellers, are poised to reshape how buyers and sellers interact with real estate agents. These rules are already in effect here in the San Francisco Bay Area. Key Changes Buyer Representation Agreements: Buyers will now be required to enter into written agreements with their agents before touring homes. This change aims to create more transparency regarding agent fees and responsibilities. Service Fee Transparency: The NAR will prohibit offers of compensation through their multiple listing services (MLS). This means that listing agents can no longer publicly advertise buyer agent service fees on the MLS. Open House Procedures: Potential buyers attending open houses will need to sign a non-agency agreement form before entering and speaking with the agent. This is to clarify that the agent hosting the open house is not automatically representing the buyer. Potential Impacts For Buyers:  - They may need to negotiate and potentially pay their agent's service fees directly. - This could lead to additional upfront costs for buyers in an already challenging housing market. For Sellers:  - They may no longer be responsible for paying both their own agent and the buyer's agent. - This could potentially lead to lower overall transaction costs. Industry Outlook While some industry insiders predict little change, there will be a significant shift in how service fees are structured and negotiated. Conclusion As we navigate these changes, it's crucial for both real estate professionals and consumers to stay informed and adaptable. The new rules aim to increase transparency and competition, potentially benefiting consumers in the long run. However, the full impact of these changes remains to be seen, and we may be in for a period of adjustment as the industry adapts to this new landscape. #intero #interorealestateservices #erichandellenrealestate #bringingvalue #industrychanges #realestateprofessional Ellen Vera

We are all witnessing HUGE buyer depth competing for homes. But saying ...."There are no listings to choose from" is factually incorrect when you study the data. Winter listings were up +16.7% on the 5yr average! Melbourne +12.3% Brisbane +8.4% Adelaide +6.3% Perth +0.8%. (tbf that is stuff all and the market is bananas) There were 40,428 sales in August (annually 513,067). This is 9.3% above sales volumes seen last year, and 5.1% above the five-year average. So, the problem isn't a lack of listings. You need .... 😎 Strategy to create more opportunity 😎 The ability to price homes correctly 😎 Move with speed to eliminate buyer competition Helps if you can also negotiate. Strategy is not talking to the 5 x leading agents once and asking to go on their database and for any "off market" listings. Everyone else is doing the same thing. Pricing homes isn't adding +10% to whatever an agent quotes you. Moving with speed isn't waiting for the advertised open home, waiting for the auction day, waiting for the agent to pitch you against all other buyers. Time to up your game, there is a smarter way to buy property (leave the excuses at the front door of your next open for inspection).

📣Stats for Residential Real Estate Sales from August are Available ⤵️ With the number of New Property Listings up by 11% over last August, the overall Active Inventory is up by a whopping 56% compared to this same time last year. This is notable because this increased competition is keeping the Median Sale Price in check (no increase or decrease) AND is a factor in the increased Monthly Inventory Suppy at 4.1 months. 🤔 So, what does this mean for Sellers and Buyers? 🏡 Sellers - now is still a good time to sell with a well-defined Marketing Plan with the RIGHT Pricing Strategy. Otherwise, you may be spending the average four months or longer on the Market. 🏡 Buyers - now is a good time to purchase because you may just have a few more properties to choose from AND you may be able to negotiate some concessions if needed. The Bottom Line is that you just need to hire the right Real Estate Professional that understands your needs and can evaluate the market conditions for you. Real Estate is local - so you need an Agent that understands your local market. Would you like to discuss the numbers for your neighborhood? Feel free to reach out to me for a FREE Consultation. #YourRealEstateMatchMaker #RealEstateStats #HousingMarketUpdate #LakeCountyFL #SellersMarket #BuyersMarket #MarketTrends

Changes in the real estate market in 2024 What you need to know about the upcoming changes in the real estate business this year! All the changes we are seeing this year have been caused by a huge number of lawsuits related to real estate agent commissions in the USA. Starting from 01/01/2024, a contract with Buyers in the state of Washington became mandatory! Contracts with Sellers for the sale of real estate have also changed! Paying a commission to the Buyer's side is not the Seller's obligation; this news that everyone is now discussing is no longer news from 01/01/24! From July 2024, the commission previously offered by the Seller will not be included in the MLS (MLS - a database where agents list homes for sale); this is fresh news! The commission for agency services, which was previously wrapped into the price of real estate, may now be distributed differently! Can the Seller pay for the services of the Buyer's agency? Yes, they can! Can the Buyer pay for the services of the Buyer's agent? Also, yes, and in the current market, it is more likely! Who will pay for the services of the Buyer's agent depends on how the parties agree! Much depends on the demand and supply in the market! The market is currently in favor of the Sellers! If you have any questions about buying/selling real estate, feel free to contact me by phone 📱(206) 474 9264 Photo credit: Sofia Rybalko #irynamatiushenko #SeattleRealtor #RealEstateChanges #workwithpro #redmondrealtor #kirklandrealtor #sammamishrealtor #bellevuerealtor #bothellrealtor #issaquahrealtor #realestatetrends2024

How Long Will It Take To Sell My House? Keeping Current Matters You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent. They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. #homesellers #inventory

The Boston condo market has shown consistent strength over the past six months compared to the same period last year. According to the sales statistics for December 10, 2023, to June 10, 2024, various neighborhoods have experienced solid performance regarding median sale prices and units sold. For instance, Back Bay saw 120 units sold with a median sale price of $1,568,750 and a median price per square foot of $1,410.08, highlighting its strong demand and premium pricing. Neighborhoods like South Boston and the South End also reflected robust activity with 171 and 146 units sold, respectively, and notable median sale prices and price per square foot values, suggesting sustained interest and investment in these areas. However, as we approach the summer season, historical trends indicate that the Boston condo market tends to experience a slowdown. This seasonal shift creates advantageous conditions for buyers, offering more opportunities to find desirable properties at more favorable prices. This typical cyclical market behavior presents a strategic window for buyers to move in a less competitive environment. Overall, the data indicates that the Boston condo market has been performing strongly, but the upcoming summer months could provide excellent opportunities for prospective buyers looking to enter the market or invest in additional properties. To summarize, the market is robust, and the summer slowdown presents a unique chance for buyers to make a move. https://lnkd.in/ePkBSGTN