The Economics of Selling Your Home

Anyone with a basic grasp of free-market economics understands you will get the best price for a product when you expose it to the entire market. But there are many large real estate brokerages that are using your listing for their own gain by only advertising it to agents in their own office. This violates rule #1 that exposing your home to the largest group of buyers will get you the best price. 

This text is from a Facebook post of an agent complaining about how they weren’t given information about a listing being privately sold by a large broker. 

Why Big Brokerages Limit Your Listing's Exposure

Why would they do this? For two reasons. The stock market rewards real estate companies for 2 things; the…

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If there was one simple step that could help make your home sale a seamless process, wouldn't you want to know about it?

There’s a lot that happens from the time your house goes under contract to closing day. And a few things still have to go right for the deal to go through. But here’s what a lot of sellers may not know.

There's one part of the process where some homeowners are hitting a road bump that’s causing buyers to back out these days. But don’t worry. The majority of these snags are completely avoidable, especially when you understand what’s causing them and how to be proactive.

That’s where a great agent (and a little prep) can make all the difference.

What’s Causing Some Buyers To Back Out

The latest data from Redfin says

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Image of Kopa Real Estate Home Selling Seminar

 

Attend our FREE Home Selling Seminar or Webinar to help you get the most money and get your home sold fast.

In only 1-1.5 hours, learn inside secrets from a top Real Estate Broker specializing in selling homes in the Central Texas area. Learn how to sell your home fast, easily, and put more money in your pocket. Reserve your seat and learn:

  • How long will it take to get your home sold?
  • What are the current market conditions?
  • What are the updates that give the biggest return on investment?
  • Do you really need to make updates or can you sell as-is?

In-Person Seminar Dates:

December 10th, 5:00 PM – 7:00 PM
Moonshine Grill in Avery Ranch

December 11th, 1:00 PM – 3:00 PM
Cedar Park Recreation Center

Online Webinar…

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A man wearing a snorkeling mask and flippers clumsily running water on himself in a shower

By Eric Peterson

Last month I said I would start telling stories of all the homes where people who contacted me but went in a different direction. Here’s the first story from the series “That’s NOT going to work.”

One of the reasons we have a great business is people trust us. When you’re selling your home, something I encourage you to do is think about whether or not buyers are going to trust you. 

Earlier in the year I was contacted by a couple who are the original owners of a 25-year-old home. One of the issues they have is when the home was built the builder didn’t connect the tub overflow correctly. In all the years they lived in the home they never had that fixed and don’t think buyers will care about it. 

In reality it’s probably a…

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A few years ago, inventory hit a record low. Just about anything sold – and fast. But now, there are far more homes on the market. Listings are up almost 20% from this time last year. And in some areas, supply is even back to levels we last saw in 2017–2019. For sellers, that means one thing:

Your house needs to stand out and grab attention from day one.

That’s especially true when you consider why the number of homes for sale is up. Here’s how it works. Available inventory is a mix of: 

  • Active Listings: homes that have been sitting on the market, but haven’t sold yet
  • New Listings: homes that were just put on the market

Data from Realtor.com shows most of the inventory growth lately is actually from active listings that are staying on…

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