Tag Archives: bidding wars

Price cuts, while rare in this market, often lead to greater profit: Zillow

By | | Uncategorized
Comments Off on Price cuts, while rare in this market, often lead to greater profit: Zillow

The number of sellers who choose to cut their listing price has dropped by a third over the last year, but a Zillow report found that if the price is dropped at the right time, sellers can net $15,000 over ask. Continue reading →

Summer market will be hot, but not scorching, economists say at Inman Connect

By | | Uncategorized
Comments Off on Summer market will be hot, but not scorching, economists say at Inman Connect

Daryl Fairweather of Redfin and Jeff Tucker of Zillow said the market would still continue to be strong through the end of 2021. Continue reading →

How to take advantage of the backup offer on both sides of the transaction

By | | Uncategorized
Comments Off on How to take advantage of the backup offer on both sides of the transaction

Agents told Inman that they typically only see a small proportion of backup offers become primary offers, but the tactic can still prove beneficial for both seller and backup buyer. Continue reading →

Want to rake in listings? FSBOs hold the key

By | | Uncategorized
Comments Off on Want to rake in listings? FSBOs hold the key

With inventory starvation, agents need to explore all possibilities to gain more listings — and FSBOs are ripe for the picking. Here is a novel way to get in front of potential (and actual) FSBOs and rake in the referrals. Continue reading →

NAR: Housing market is ‘topping out’ due to inventory shortage

By | | Uncategorized
Comments Off on NAR: Housing market is ‘topping out’ due to inventory shortage

Lawrence Yun, chief economist for NAR, reports that the GDP is back to its pre-pandemic peak, consumers are ready to spend their stimulus checks and single-family housing starts are ramping up. Continue reading →

Pulse: Readers share how they’re overcoming the bidding war objection

By | | Uncategorized
Comments Off on Pulse: Readers share how they’re overcoming the bidding war objection

This week, our readers share how they’re working with buyers to set expectations about bidding wars and multiple-offer situations — a common objection in today’s fierce market. Continue reading →

Pulse: How are you overcoming the bidding war objection?

By | | Uncategorized
Comments Off on Pulse: How are you overcoming the bidding war objection?

In today’s competitive real estate market, it’s no wonder homebuyers are stressed out — particularly about going into bidding wars. So when it comes this unpleasant reality, how are you alleviating buyers’ anxieties? Continue reading →