Tag Archives: bidding wars

The seller’s iron grip loosens as bidding wars ease, price cuts rise

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The slowing demand for homes is affecting the balance of power between buyers and sellers, according to two new reports from Redfin. Continue reading →

Luxury home auctions are having a moment. Here’s how to get in on it

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Luxury homes that eventually go to auction sometimes come across as the black sheep of listings and require a nuanced approach. Here are luxury agent Aaron Kirman’s top tips for success. Continue reading →

Bidding wars dip for first time in 2022 — but competition still fierce

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Agents still face tough conditions despite homebuyer competition, according to a new report from Redfin. Competition is slightly less tough. Continue reading →

Existing-home sales drop for second month as buyer demand stalls

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Total existing-home sales dropped by 2.7% from February 2022 and by 4.5% from March 2021 to a seasonally adjusted annual rate of 5.77 million, according to the National Association of Realtors. Continue reading →

Pivot! Pivot! 8 tips to expertly prepare for a market shift

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The real estate market has been on an incredible run for the past two years with real estate agents handily breaking their previous sales records. However, the market has begun to shift as rising mortgage rates, unhinged home price growth, rock bottom … Continue reading →

Should your clients bid over asking price? A look at pros and cons

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In a hot seller’s market, how should agents help their clients with pricing, bidding strategies and closing successfully? Broker Jenny Usaj offers keys to setting appropriate buyer expectations from the start. Continue reading →

‘New York market remains a juggernaut’ in Q1, condo sales thrive

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Quarterly market reports released this week from several area brokerages revealed a luxury market in high demand, with climbing prices and little inventory. Continue reading →

How to skirt the bidding war: Agents share their strategies

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In today’s competitive market, houses in all price ranges are drawing multiple offers, leaving many buyers in the lurch and exhausting agents. Here, pros share with Inman how they’re getting by and what they see as the path forward. Continue reading →

The condo recovery is underway — but houses remain hotter

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Competition for condos has been fierce in the past year as buyers once again looked for homes nearer their cities’ urban centers. This follows an early-pandemic softening in the market segment. Continue reading →

Elderly, infirm and unemployed: How far should you go for listings?

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In an inventory-deprived market, agents are often tempted to use aggressive tactics to score listings. One broker thinks such strategies should be avoided. But what do you think? Continue reading →