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April 7, 2021 0 Comments gbredbangladesh Uncategorized Bangladesh buyer, GB RED Bangladesh ..., GBRED, property, Real estate, real estate agent, realtor, seller,
What Sellers Want from Their Real Estate Agent

It’s easy to say that the seller wants to sell fast and for top dollar. Of course, that’s true. As real estate professionals, we provide a number of valuable services in setting up a listing to sell fast for more money. Knowing what our seller’s value or their perceptions of what we offer is important. By providing the services they expect plus a few more they find surprisingly valuable, we create clients for life.

Actual Seller Input, Not Our Assumptions

We may think we know what sellers want and need from us to sell their home or land. The best way to know is to ask. It is done every year in a survey of buyers and sellers of real estate done by the National Association of Realtors. We’ll look at one year’s report stats here. Surveys taken of sellers probably show many of the things we would assume, but possibly not in the order of importance we would think. The requirements here are in order of their importance to the sellers, most important first.

Find a Buyer for Their Home

Helping find them a buyer was, as we might have assumed, the top requirement of sellers, with 28% placing this as their top concern. This tells you that your marketing plan and media are quite important to your prospective listing clients.

Sell Their Home Within a Specific Time Frame

This seller requirement was only 1% below the top one, with 27% of sellers desiring this service from their real estate agent. It’s highly related to the first one, with marketing being a very important factor in how fast a property sells.

Price Their Home Competitively

With 17% of sellers placing importance on this requirement, they’re telling us that puffing their egos with a fat listing price isn’t what they want. They want their property to sell. Do a through market analysis and be honest with them about expected results at different price points.

Find Ways to Fix Up Their Home to Sell It for More

This might surprise some, at fourth in importance with a 12% response. Maybe that Home Staging® class would be a good idea. Or perhaps suggesting a staging professional would be appreciated. At the very least, don’t be bashful about suggesting things to do to enhance the look and presentation of the property.

Help With Paperwork, Inspections, and Settlement

Many real estate agents would have assumed this requirement to be higher on the list. However, only 7% of sellers made this a priority need. It is very important, but using this list as a guide, you want to build your listing services presentation around marketing and proper pricing first.

Negotiate and Deal With Buyers

​Here again is an item that many real estate agents value more than their seller clients. At 5%, sellers are telling us that it’s one of their needs, but down at sixth on their priority list. By all means, tell your sellers about your negotiating skills, but use this list to prioritize your presentation.

Update in the New Internet-Intensive World

This article is updated to reflect the realities of getting listings from sellers who are more educated in real estate and the local market because they can get loads of free information on the Internet. It’s also a competitive issue, as they can check out many agent websites to see who they believe is doing the best job of marketing.

The first thing you need to do is to make sure that your photos are top notch, even professionally taken if you’re in a high-end price market. Images are the top requirement of home buyers on the Web, and sellers will want to see that you’re doing a good job for your listings.

the other thing you need to do to impress sellers is to show them your syndication list. These are the major websites their home will be displayed on once your listing is syndicated through your efforts or a third party. They want maximum exposure.

Source: James Kimmons, Founder and Director, Right Property Group, thebalacnemb.com
Photo Credit: 
freepik.com

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COVID-19 Housing
December 2, 2020 0 Comments gbredbangladesh Uncategorized 2021 Bangladesh, covid19 ..., Dhaka, housing, housing marketing, property, Real estate, realtor.com,
COVID-19 remains ‘WILDCARD’ in 2021 Housing Market

As 2020 comes to an end, realtor.com’s economists believe that the housing inventory shortage won’t be as dire in 2021. However, it all depends on the course the COVID-19 pandemic takes.

Additional lockdowns and quarantines due to COVID-19 could put a dent in housing inventory and sales, potentially slowing down the market and putting increased pressure on buyers, the forecast said. But if a vaccine is rolled out quickly, it could lead to “better than expected sales” and an increase in home prices and inventory.

“The 2021 housing market will be much more ‘normal’ than the wild swings we saw in 2020,” said realtor.com’s Chief Economist Danielle Hale. “Buyers may finally have a better selection of homes to choose from later in the year, but will face a renewed challenge of affordability as prices stay high and mortgage rates rise.”

There was an increase of homeowners moving to the suburbs and rural areas this year as remote work became more common. The forecast said that unless remote work continues, and depending on if and when a vaccine comes, the demand for those homes could cool off. But, if more companies commit to long-term remote work, demand will continue to rise in rural and suburban markets.

This year, home prices have risen dramatically, mortgage rates hit record lows and inventory declined. Mortgage rates are forecasted to increase in 2021 – hovering near 3%, then slowly rising to 3.4% by the end of the year.

Realtor.com forecasts that 2021 will continue to be a robust seller’s market. Home prices are expected to hit new highs while inventory makes a “slow but steady comeback.”

There will be more relief in inventory for homebuyers. More homes are expected hit the market. Plus, construction starts are projected to increase 9% over 2020. However, even if new construction jumps at a 9% clip, it’s not enough to sap the continual rise in home prices.

Sellers will continue to hold the upper hand throughout 2021, the report said, leaving the number of buyers in the market to outweigh the number of homes for sale. Home prices won’t increase as quickly as they have this year, but will continue to reach new highs in 2021 at an expected increase of 7%.

In 2021, Millennials will continue to drive the market and Gen-Z will make its entrance.

“With less cash and no home equity, millennial and Gen Z first-time buyers will be impacted the most by rising home prices and interest rates,” Hale said. “While waiting until the fall or winter months of 2021 may mean more home options to choose from, buyers who can find a home to buy earlier in the year will likely see lower prices and mortgage rates.”

There still stands a possibility of a double-dip recession in the New Year. The realtor.com forecast says that although the U.S. continues to make a K-shaped recovery, the inequality gap is widening.

“In the short term, this could lead to less consumer spending which could more broadly impact businesses and economic growth,” the report said. “In the long term, this could impact the U.S. housing market as “would-be” buyers disappear from the market, cooling demand and driving down home prices.”

Source: Julia Falcon, Reporter, Housingwire.com
Photo Credit:
freepik.com

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