At a meeting of 300 real estate agents and brokers in Richmond, Va., sponsored by Wells Fargo Home Mortgage, real estate author and coach Dirk Zeller stressed that homes need to be priced right in order to move in the current market. He said almost 50 percent of properties on the market are overpriced, meaning agents will not make any money. It takes about two weeks for an agent to recognize that a home is overpriced, Zeller pointed out. He added that buyers are scared of making home purchases these days, and agents must be able to explain why low home prices and interest rates and a large selection of dwellings on the market make it an opportune time to buy. Among other things, Zeller said agents need to know how many homes are on the market, any movement in inventory, and what is selling and not selling. | Read More
Recent Posts
- Mortgage rates should drop below 7% as housing demand picks up
- CFPB’s Chopra addresses mortgage trigger leads, servicing rules in Senate hearing
- Conforming, FHA loan limits rose for 2024, but who benefits?
- HUD proposes 30-day notice rule for public housing rent nonpayment
- When Should You Add Sand To Paint?
Archives
Categories
- Decor (1,419)
- Energy Saving Tips (15)
- Green Design (22)
- Greening Tips (1,452)
- Home Improvement (2,603)
- Home Remodeling (16)
- Home Security (10)
- Homeowners News (1,265)
- Homeowners News;Top Story (3)
- Housing and Mortgage Trends (2,122)
- Insurance (1)
- Maintenance and Repair (10)
- Safety (4)
- Smart Home Tech (1,133)
- Top Story (106)