Home flipping is all the rage, and it complicates the demand for old houses and fixers because there are more flippers than buyers pursuing them. Agents get calls, texts, and emails every day from flippers begging to buy their listings. They offer to have the listing...
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Sofia at Porch had several realtors tackle different topics of the home-selling business: https://porch.com/advice/home-sale-online-tips
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Mark is one of the best appraisers in the county: The median sales price for a detached home in the county continues on a seasonal climb. According to our MLS (depicted on the chart below) the median detached home price in March was $934,500. While the median price is...
Hat tip to our seller who noticed a new paragraph in the counter-offers this year that went undetected by everyone I know - and we go to the Forms Update every year to hear about changes! Paragraph 1C in the counter-offer identifies the Appraisal Gap: When we first...
A great quote about higher-end listings from this free WSJ article: Tomer Fridman, a luxury agent with Compass said the prices on some of the homes were exorbitant in the first place, so the reductions represent a long-overdue correction. “When you do a price...
This house first listed for sale on November 1st for $1,650,000, and got all the extras; one Coming Soon, two Holds, four price changes, two Pendings, and finally closed today for $1,397,500. The listing agent gave it a good go, but it just looked like too much work...
This website allows you to type in an address and see how a property may be exposed to fire, flood, drought, and heat risk - all of which can impact longterm valuation as well as monthly costs as it relates to potential repairs and insurance costs:...
Good tips from a local certified divorce financial analyst - if you give up your share of the house, make sure your spouse refinances in his/her name only. Just because you get quitclaimed off title doesn't mean your responsibility for the old mortgage is...
