Home shoppers can get hung up on cosmetic issues of a home, even though often times the problems are relatively inexpensive to fix.Buyers can easily get distracted by flaws or minor repairs, like the carpet or dated light fixtures. They may even let a sale fall apart because of it.Realtor.com® recently featured several potential home features that may jeopardize a deal, but really shouldn’t.Ugly kitchen cabinetsSure, the average kitchen remode
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a mad dash when sellers are working to get their home on the market or even to just clean up ahead of a showing. But some common cleanup tools can actually do more damage than many people realize. HouseLogic identified a few common products that can create big problems, so you can be the expert your clients need and help them protect their investments. Bleach is a common cure-all, but this caustic chemical can eat through the sealant on stone s
Real estate pros specializing in commercial real estate are seeing an increase in gross income and sales volume, according to the National Association of REALTORS®’ 2017 Commercial Member Profile, released Wednesday.The median gross annual income for 2016 was $120,900, an 11 percent increase from the $108,800 income reported in 2015, according to the report, based on a survey of nearly 2,000 NAR members who conduct all or part of their busine
More companies are abandoning massive office parks in the suburbs and heading back to once-abandoned office space in urban centers. They’re making the move in an attempt to appeal to millennial employees. But some developers and community planners are worried about what will happen to less densely populated areas if the trend continues.Over the last half-century, employment has shifted from city to suburb and now back to the city, according to
Total mortgage application activity for home buying and refinancing continued to edge down last week, dropping 2.8 percent on a seasonally adjusted basis, the Mortgage Bankers Association reported Wednesday. Mortgage volume is now 22 percent lower compared to the same week a year ago.Mortgage rates are hovering around their lowest levels in five weeks, which means home shoppers may not be feeling the same pressure to lock in before an increase. H
More generations are sharing a roof as a growing number of adult children move back in with their parents and aging parents move in with their grown children. Nearly one in five Americans are now living in a multigenerational household (defined as a home with two or more adult generations or grandparents living with grandchildren).The number of multigenerational households in the U.S. has bloomed to the highest level since 1950. About 60.6 millio
If you want more satisfied customers, make sure you devote a lot of time to carving out a relationship with your buyers and that you amp up your marketing on behalf of sellers, according to the 2017 Home Buyer/Seller Satisfaction Study from J.D. Power. Researchers found that an agent’s rapport with a buyer is the most important factor in determining customer satisfaction, while sellers focus on the marketing of their home to gauge agent supp
Toll Brothers Inc., a luxury-home builder, is piloting a new tool in a few select markets that allows buyers to use virtual reality to better envision design selections in their new home’s kitchen. They can then easily swap out countertops or cabinet colors and then view the changes in virtual reality.Kitchen 360 offers a 3-D view and floor plan visualizer so that buyers can take a realistic tour through their new kitchen.“When I used the new
Private investors now comprise more than a quarter of all global commercial real estate transactions. Twenty-seven percent of all global commercial property transactions in 2016 involved a private buyer, according to a new report by Knight Frank.Further, economists “expect that the appetite from private investors for commercial real estate will continue to increase,” according to the report. Within the next two years, 32 percent of ultra-hig
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