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An open house is an opportunity to walk through a house that's for sale without the need to bring along a realtor. It is a common practice for real estate agents to hold open houses but is it actually an effective way to sell a house? Here are some things to consider before having an open house.

Who does an open house really benefit?
The primary reason real estate agents have open houses has less to do with actually selling your home than it has to do with connecting with new potential clients. Because most of the people going to open houses are not working with an agent it is a perfect opportunity for a real estate agent to try to connect with someone who may have a home to sell or need buyer representation.

Do open houses actually bring qualified

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In previous generations, when homeowners reached a certain age, they started thinking about reverse mortgages and even assisted living. But many of today’s seniors are looking to buy a home, opting to downsize or even buy their dream place.

New data from the National Association of Realtors® shows that, together, young baby boomers, older baby boomers, and the silent generation comprised 39 percent of the buyers in 2019. Senior-related housing only accounted “for 13 percent of buyers over the age of 50; that number was eight percent for buyers 54 to 63 years and 29 percent for buyers 73 years and older.”

If you're in one of these demographics and are weighing the pros and cons of buying a home, read on. There are a number of factors

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There’s a myth that the real estate market shuts down over the holidays and that it’s a terrible time to buy a home—because who wants to buy a home when you could be spending that time with family. You saw where we said “myth,” right? 

The truth is that buying a home over the holidays can yield you a great deal while minimizing the competition. Here’s what you need to know if you’re in the market now. 

Look past the sparkle

You’re going to see some inflatable Santas and lights galore. Some homes might have 20 years of holiday décor displayed throughout every square inch. While these sellers may have been smart to declutter and keep the holiday stuff light this year, it’s up to you to try to see beyond it. What do the bones of the

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Cluttered houses are inconvenient and aesthetically unpleasant. Fortunately, there are plenty of ways you can get a neat, clean, organized house that looks great and puts everything within reach. Here are five easy tips to clear the clutter and win back some elbow room.

  1. Don't attempt too much at once. There are too many other demands on your time and at some point you will give up or be forced to give up. It is better to clean a little clutter every day for weeks than attempt a huge, failed one-time blitz.
  2. Lessen the flow of items into your house. Clutter comes about from too many possessions; get less, and you control clutter easily. One good rule is to throw out something old every time you obtain something new. If clutter is severe,
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What is the market like for fall real estate?

While it’s true that housing inventory (the number of homes on the market) is lower in the fall than in the spring and summer, it’s also true that buyers who are shopping in the fall are likely to be serious about buying. Fall buyers may be moving because of a job relocation or change in family situation, so they’re often eager to close a deal. And, the hotter your local real estate market, the less significant a role seasonality plays.

What months are in the fall?

To clarify the part of the year we’re talking about, fall includes dates between September 1 and November 30. In most of the country, this time of year is marked by cooler weather, shorter days, and falling leaves — think picking

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Fact: Real estate brokers’ commission rates are not regulated in any state and are ALWAYS 100% negotiable.

When you decide to sell your house, if you are like most people, you will want to hire — or at least consider hiring — a real estate agent to handle the process.

Surprisingly, many people think that real estate brokerage commission rates are “set” in their area and they have to pay a specific percentage of the sales price to the agent in order to get their services. This is absolutely not the case.  In fact, you can pay whatever you and the agent have agreed upon.

What is a “Fair” amount to pay for real estate commission?

Many people hear the word “discount” company instead of a “traditional” company but (actually, since commissions

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Are you ready to begin getting your home in top condition to sell? There are a few steps every homeowner should take before listing your home to maximize the chances of getting a high offer. From decluttering and cleaning to fixing broken items and painting, the following actions can help dramatically when trying to sell your house.

1. Declutter Everything

Organizing your space will help prospective buyers visualize the home with their own things in it. Clutter, knick-knacks, and stuffed closets make it much harder for buyers to see how they could make it their own.

2. Have Extra Light Bulbs On Hand

All lights will need to remain on when your house is being shown. Having an extra stock of light bulbs ensures buyers can see

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If you follow business and financial news, you hear a lot about which way the wind is blowing in the housing market. Including on Marketplace. From housing starts and new home sales, to existing home sales and various price indices, figuring out what all these numbers mean can be head-spinning.

Even one of the biggest homebuilders recently looked at all the signals coming from the housing market and, basically, shrugged. In January, Stuart Miller, executive chairman of real estate company Lennar, told analysts the company wouldn’t give a forecast for the year. “We’ve been careful not to give too much guidance looking ahead because there’s uncertainty,” he said in an earnings call.

How to make sense of it all? First, keep in mind that some of

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  • U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly.
  • The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month.
  • That was the lowest level since November 2015 and well below analysts' expectations of a rate of 5.0 million units.

U.S. home sales fell in January to their lowest level in more than three years and house prices rose only modestly, suggesting a further loss of momentum in the housing market.

The National Association of Realtors said on Thursday existing home sales dropped 1.2 percent to a seasonally adjusted annual rate of 4.94 million units last month.

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After inventory and affordability challenges in 2018, prospective home buyers may have better chances of scoring a property this year. Affordability will remain an issue in some high-priced markets, says® Chief Economist Danielle Hale, but overall, the national market is looking brighter for buyers who have stayed on the sidelines. Here’s why.

More homes are for sale. For the last few years, a limited number of listings has given buyers fewer choices. But housing experts predict more robust inventory this year. “For buyers, there is going to be more inventory, so that’s a bright spot,” Hale says. “The downside of that bright spot is it might not be in their price range.” The supply of homes for sale under $300,000 may not grow

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