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5 Must-Use Real Estate Negotiation Tactics
The ability to negotiate successfully enhances an agent’s reputation, fosters client satisfaction and contributes to long-term success in the competitive real estate world. Let’s explore five must-use techniques to improve your negotiation skills and facilitate better deals, getting you more “yeses” at the closing table. Keep communication on the phone or in person Although digital…
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4 Metrics Buyer Agents Can Use to Quantify Their Value
The value of buyer agency remains under a microscope, with each successive commission lawsuit asserting more explicitly that buyer representatives are underworked and overpaid. While most consumers are not closely following these developments, with another trial scheduled for later this year and the increased chance of a forced “decoupling” of compensation, buyer agents everywhere need…
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Single Women Homebuyers Redefining Market Norms and Trends
Women are a dominant force in the U.S. real estate industry, comprising 62% of REALTORS®. Moreover, single women are the second-largest group of buyers after married couples. Therefore, it’s fitting that we celebrate how women impact the real estate market during Women’s History Month. According to the 2023 National Association of REALTORS®’ Profile of Homebuyers…
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Challenges and Limitations of Price Per Square Foot in Real Estate Valuation
Price per square foot emerges as a foundational metric within real estate, offering a rudimentary gauge for assessing property values. By dividing a property’s price by its total square footage, PPSF yields a figure that ostensibly facilitates direct comparisons across diverse properties. Its appeal lies in its simplicity, allowing a quick snapshot of value to…
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Prudence’s $80 Million Fund III slated for early-stage proptech
DelPrete: A new generation of brokerages is on the rise
Mortgage Rates Dip Down This Week
Mortgage rates dipped slightly this week edging down from last week’s average of 6.94%, to 6.88% this week, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac released Thursday. This week’s numbers: The 30-year FRM averaged 6.88% as of March 7, 2024, down from last week when it averaged 6.94%. A year…
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Plaintiffs’ Lawyers Request $82 Million From Burnett, Moehrl Settlements
Although the legal battle over commissions and anti-trust in real estate is far from over, lawyers representing plaintiffs in the two oldest commission suits are hoping their payday comes sooner rather than later, as last week they filed their official request for “reasonable attorney fees” to be drawn from settlements. Just under $70 million of…
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