The iBuyers — led by Opendoor, Zillow and Offerpad — are paying record-high, above-market values for the homes they’re purchasing from homeowners. But they’re also reselling them for more money than ever before. Purchase price-to-AVM is a comparison of the price an iBuyer pays for a house compared to what an AVM (automated valuation model) determines the house is worth at […]
Industry News
Home Inspector Killed, Agent Shot During Home-Sale Dispute
Prosecutors have filed charges against a Huntington Beach man they say shot and killed a home inspector and wounded two other people, including a real estate agent and a sibling that the man was in a dispute with over the home of their deceased father. Roger Nemeth was charged with one count of murder and […]
Are iBuyers Becoming a Threat?
Many reassuring reports say that iBuyers, companies that make the easy cash offers to sellers, have a teeny slice of the market. Redfin, for example, says that IBuyers (often funded by venture capitalists), accounted for a mere 0.5 percent of home sales in the first-quarter this year. But apparently, more property owners are making heeding […]
Aug. 9 – CVAR Connect
Watch the Real Estate REvive Conference Replay! Classes & Events CVAR COVID Vaccine Clinic Aug. 17! CVAR is hosting a free community COVID vaccine clinic Aug. 17 (2nd shot Sept. 7) at our Glendora location as a service to the community! If you haven’t gotten the COVID-19 vaccine, now is your chance! Click here for more […]
REALTORS® Under COVID: Evictions, PPP & Student Loans
. LA County Mandate: People attending major outdoor events in Los Angeles County will be required to wear a mask, regardless of vaccination status, under a new order issued Aug. 16 by the county health department. Click to read the order. L.A. requirement: City employees must show proof of vaccination or undergo weekly testing. SBA: PPP Loan Forgiveness The […]
Tapping Foreign Buyer Market
International buyers were less involved in the US housing market during the first year of the pandemic — but that may soon change. Lawrence Yun, the National Association of REALTORS®’ top economist, believes buyers from other countries may become bigger players in the U.S. housing market in the coming months after they had taken […]
Aug. 2 – CVAR Connect
______________ REvive – This Week! Real Estate REvive is Aug. 5: Download the app to stay connected and stay informed! This live stream will be jam-packed with information useful to our CVAR members. Get your ticket now! Host: Leigh Brown Let Leigh Brown tell you what to expect from her at Real Estate REvive, this […]
Are You Ready for NFTs & Cryptocurrency in Real Estate?
Definitions: Non-fungible token (NFT) — A unit of data stored on a digital ledger, called a blockchain, that certifies a digital photo or video–or virtual building–to be unique. Think of a snowflake or original work of art; each one is unique, and therefore non-fungible. A bitcoin, however, can be swapped for another bitcoin, and you […]
To Stage or Not to Stage? How TV Shows Have Set the Bar
Is your listing camera ready? TV shows about home design and remodeling are having an influence on buyers’ perceptions of what homes for sale should look like, according to an NAR survey. Sixty-eight percent of REALTORS®, according to the 2021 Profile of Home Staging, said their buyers were disappointed by how homes appeared compared with those […]
4 Traits to Look for In a Broker
You’ve likely heard discussions over who is the best broker to work for. But a broker who one agent thinks is great might be someone you absolutely detest. There are, however, a few ways to spot a great broker. If you’re looking to join “Company A” because you heard from another agent that they love […]