It may be the winter (and a cold one this year), but the real estate market is heating up!
Homes are selling quickly and closer to (or above) asking price. According to the January 2018 REALTORS® Confidence Index Survey, “34% of properties that closed in January sold at or above the list price. Of the properties that sold at a premium price, 86 percent sold at 101 to 110 percent of the list price.”
So, what factors are pushing prices higher?
I have worked with many real estate agents during my years as a licensed Realtor® and I have found that this field is home to all types of agents and personalities. Did you know that approximately 1 out of every 220 adults in the US is a licensed agent (or was at some point in time). Yet despite the high number of real estate agents, I find that I can count on one hand the other agents that I would love to do business with again.
I’ve been seeing it more and more lately. FULL PRICE CASH OFFERS…and I’m not talking about investor offers on properties in disrepair. I’m talking about offers by owner occupants on newly renovated houses and well-maintained homes.
Have you ever hired a Realtor and regretted your decision? You are not alone. Not everyone loves their agent and the underlying reason is that some real estate agents are just better than others. The fact is 20% of the real estate agents do 80% of the business.