What is an open house?It is a scheduled time in which the home seller vacates the home and allow buyers (with and without representation) to tour their home, typically with one real estate agent in charge of it.
What you should know as a seller At times, it can be a safety issue
Anyone can come through and look at your home, which could include nosy neighbors and nosy people in general. It can also include buyers that have no interest in buying your home but instead are just c
An office exclusive is when your home is sold by an agent, but not put on the MLS. Instead, it is shopped around where your agent works, or their "Brokerage.” Another word you might hear for this is a "pocket listing." Just as a refresh, the MLS is a database that is created and maintained by real estate professionals. There are over 800 MLS in the US and to go by definition it's in which brokers share information on properties they have listed and invite other brokers to cooperate in their sa
As if the market wasn’t challenging enough, especially for first-time homebuyers, Redfin reported earlier this year that an estimated +400,000 homes will be sold by an agent this year without the public knowing about it. This number is up 67% since the National Association of Realtors created a policy to prevent hidden home sales (also known as pocket listings).
Here is how it’s happening and who really benefits from these hidden homes.
First, let’s go over the definitio
Are you on the Do Not Call list? You should be!
We spent a lot of time lurking in community groups to see what people in the industry say about clients, specifically, how they find them.
One of the biggest things we have noticed is the “dialling for dollars” and those that will spend time and money to call (or have tools and assistance to call) expired listings, leads from data companies, for sale by owners, and more.
So if you are thinking about buying or selling soon, here
In a seller's market, some homebuyers are attempting to get a leg above the competition by including a “buyer love letter” with their offer. While some agents refuse to accept or submit these, there are plenty that still allows them.
Here are three reasons, in our opinion, as to why these letters should go straight to the trash.
1. They are essentially a fabricated sales pitches and, at times, can be entirely made up
These letters are created to tug at your heartst
You’ve heard the saying “there is no free lunch.” However, if you have been searching for homes online, then you have probably seen a few of these eye-catching titles:
“We will find you the best agent…for FREE!”
“Get matched with agents for FREE“
“Get free recommendations for top real estate agents in your neighborhood.”
Like most consumers, we initially looked at these platforms and thought they looked like useful resources. But, as we started to research how they work, we lea
This is the most common question that we receive from our members. It is also the most debated part of the industry in which a lot of startups are working towards removing. More importantly, it is one of the most misunderstood sections of real estate by consumers.
Commissions should always be discussed before you sign a contract with an agent. But, how can you prepare yourself to negotiate on commissions if you don’t know who is getting paid what?
To help us get a clear answer o
When you select an agent to sell your home, they will ask you to sign a listing agreement with them. This agreement is a legally binding contract, and if you don't know what to ask for or what to look for, you could not only be losing money but also be stuck in a year-long agreement with an agent that isn't a fit for you.
We asked Real Estate Agent and Pro Member, Jay Villella, to share with you his seven key things you need to know about your listing agreement before you sign. Below you
We asked some of our PRO Member's to help decode some of the most common terms and phrases used during the buying and selling process. Here are their hand picked phrases and terms you need to know!
Addendum: a document that is attached to a real estate contract or purchase agreement and made a part of the original contract at the time it is prepared. It can be explanatory, informational, or indicate other requirements that aren't clearly spelled out in the contract.
Real estate is no longer a "one size fits all" industry when it comes to how you sell your home. You can use a traditional agent, a flat fee agent, a flat fee MLS program, an attorney, or an iBuyer. But how do you know which one to choose?
At Selling Later, we believe that how you sell your home should be based on how much you know, how much time you have, and how much effort you want to put into your sale.
To help get you started, here is our opinion on the pro's and con's of
For some of us, a mortgage is something that you know of very well. It arrives in your mailbox every month and that giant number that you owe seems to take a million years to get down to zero. But for those that have yet to have a mortgage, it can be overwhelming and rather intimidating.
We asked Community Member, Anthony DeLuca, to help us answer some basic questions about mortgages for those of us that have yet to enter the world of “the never-ending bill.”
What is the pur