Even though our market is slowing down, I’m explaining why we probably aren’t heading for a true buyers market.
 
Have you noticed a shift in our housing market lately? Homes are taking longer to sell, and prices are volatile nationwide. Depending on where you are, prices could start coming down for the first time in years. This has made many wonder, “Are we finally heading towards a buyer’s market?” My best answer is no; at least, not exactly. Instead, I’d say we’re more likely to head to a balanced market where both sellers and buyers have opportunities if they know what to look for. Here are three things you need to know about our market right now to make sure you get the best deal possible, whether you’re buying or selling:
1. Why is our market balancing out? Despite record-high home prices and shrinking demand, prices aren’t falling in most areas of the country. While these conditions might make it seem like we! ...

You can pay current tenants to leave or give them time to move.
Buying a home at a foreclosure auction can seem like a good deal, a nightmare, or both, especially when there are still tenants living there. If you’re considering investing in a property like this, I know you’re wondering what to expect and what you need to do after buying. That’s why today, I will guide you through everything you need to do after buying a foreclosed and occupied property to help you turn it into a valuable asset. Here’s what you need to know:1. Risks of buying a foreclosed property. Any investment comes with risks, so there’s no need to worry—all you need to do is be aware of what to expect, possible challenges, and how to mitigate them. Foreclosed properties are sold as-is, without inspections or warranties, and you must pay cash for the property the next day. You’re bidding against other investors, each hoping to score a great deal, but here&rsqu! ...

Find out how we can help you sell your home faster for bigger profits.
When it comes to selling your home, getting the best possible outcome is crucial. Recently, our team was able to secure 10% more for our sellers than their competition, and we sold their home four times faster. Here’s how we did it.
Firstly, we try to assess and understand the seller’s situation and market challenges. For example, our clients were motivated to sell their home to purchase another, but they had clear priorities—they didn’t want to settle for a low price. In fact, if they couldn’t get the right offer, they were prepared to keep the property as a rental. They were also concerned about the time on the market; they didn’t want their home to linger unsold for months.
Their goal was simple: sell quickly and for the most money possible. In the neighborhood where our clients’ home was located, there were several other properties for sale. While it&rsq! ...

How agents can save negotiations when buyers and sellers act like parents.
I recently represented sellers in a transaction where we negotiated a great price in today’s market, but the buyers found issues with the roof and other items, requesting repairs. The sellers, going through a divorce, didn’t want to do the repairs and offered a small credit instead, which the buyers were unlikely to accept. The buyer said, “If you don’t do these repairs, we’re canceling.” The sellers responded with, “If you don’t accept this small credit, you can walk away.”
To avoid losing more time and money, I helped the sellers agree to the roof repairs before closing, at a cost less than the buyers initially wanted but more than the sellers were initially willing to pay. This saved the sellers about $20,000 to $30,000 compared to what they would have settled for if they had canceled the contract. This transaction made me realize that buyers and sel! ...

Exploring the parallels between real estate agents and financial advisors.
I recently met with a financial advisor to explore options for diversifying my investment portfolio, and this made me realize one crucial yet unknown fact: real estate agents are like financial advisors.
As someone with a degree in finance and a love for numbers, I once considered a career as a financial advisor. These career interests make sense now because, apparently, the two are more similar than you might think.
For example, financial advisors promote mutual funds and financial products available anywhere, which reminded me of real estate agents and their access to homes through the Multiple Listing Service or MLS.
“Agents and financial advisors may offer basic services at first glance, but the real value of our professions is shown through our expertise.”
Agents and financial advisors also seem to offer basic services at first glance, but the real value of our professions is shown thro. ...