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Pennsylvania Real Estate Market 2020

Details: To give you a better idea of where the market is and where it could go, here are a few stats on Pennsylvania real estate: The median home value is around $200,000. On average, home values have gone up about 4% in the past year. …

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Pros and Cons of Tiny Houses

Details: Tiny living is generally: 1. More affordable. Tiny homes can be expensive if you go all-out with high-end building materials and amenities, but on a whole they’re much more affordable. The Spruce estimates tiny homes cost about $60,000 …

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Real Estate Trends: Baby Boomers, Gen X, Millennials

Details: They’re looking to downsize to more reasonably sized homes and neighborhoods as they finish paying off their mortgages. There seems to be two different behaviors among Baby Boomers. Some are looking to move to communities …

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Real Estate Job Growth in The Booming Housing Market

Details: The housing market has experienced immense growth since the beginning of the COVID pandemic in spring 2020. According to Redfin, the median sales price for the average American home grew by 24.8% from June 2020 to June 2021! In a recent survey of real estate professionals, 78% of agents reported that values are still climbing in their local markets.

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Buying a House Will Save You Money

Details: If the prices of area homes continue to rise, a buyer will do even better if they decide to sell. Time also reported that the prices of rent have continued to rise, so this price dissonance may only continue to grow, making the savings for buyers even more clear. There aren’t only financial benefits, there are also some emotional benefits.

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Fair Housing in Texas

Details: Texas's Fair Housing Act. Texas has its own statute designed to prevent housing discrimination. Property Code Title 15, Chapter 301 contains the Texas Fair Housing Act. This legislation prevents discrimination against protected persons, families, corporations, and legal representatives in the following areas: The sale or rental of a property.

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Fair Housing in California

Details: Under California law, a real estate agent cannot: Refuse to sell a home or condo to a person in one of the protected classes. Refuse to negotiate a sale or lease to someone from a protected class. Lie about whether a property is available for sale. Cancel a sale or rental agreement on the basis of someone's protected class.

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Fair Housing in Florida

Details: Similar to the federal act, the Fair Housing laws in Florida are in place to ensure that people can find homes to buy or rent without facing any discrimination based on color, disability, familial status, national origin, race, sex, or religion (Florida, Fla. Stat. §§ 760.20-760.60 ). As a real estate agent, you may think, "I would never

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How Long Until I Close My First Real Estate Deal

Details: Closing Time by the Numbers. Every agent is going to have their own first close story, and the timeline is rarely ever the same. Technically, if you get an accepted deal on day one, the first closing should take at least 50 days, which is the average time it takes to go from contract to close. If you have a listing, you can go ahead and tack on

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The Real Estate Agent Ultimate Guide to Proptech

Details: 48% of agents surveyed said they used virtual or augmented reality house staging applications. And this digital staging saved big bucks compared to physical staging. On average, real estate agents estimate saving their brokerage $12,857 per listing thanks to PropTech’s augmented reality staging. 3.

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Hanover Real Estate Trends for 2020

Details: Hanover real estate remained relatively steady from 2018 to 2019 and is expected to continue growing on a slow-but-steady pace through 2020. the overall value of homes in Hanover County still enjoyed a modest increase of 2.3% according And with the relatively high rental rates of $1,654 in Hanover County, lots of renters want to become

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3 Tips to Survive Your First Year in Real Estate

Details: Sure, buyers and sellers can do some of the legwork on their own. But they still don’t have the time, experience and access to data that makes a person an area expert that understands fair market value, trends and how to negotiate a win-win contract. The more you know, the easier it is to get through your first year as a real estate agent.

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What Can an Unlicensed Real Estate Agent do in New York

Details: Collect, offer or attempt to collect rent for the use of real property. Negotiate a loan for real property outside of a mortgage loan. Work as a tenant relocator. The first point is the broadest and can be problematic for unlicensed professionals that work in real estate because many things could contribute to the purchase or sale of a property.

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3 Companies Changing the Home Down Payment Game

Details: Let’s look at how these three startups are changing the way people do down payments. 1. Loftium. Loftium saw an opportunity to not only help people own a home, but to also make a little extra income through another popular, innovative service –– Airbnb. To help aspiring homeowners, Loftium provides the down payment.

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From Rentals to Condos: Florida Home Trends

Details: Some people seek to rent second homes, whereas others are testing out an area before they commit to buying in a community. The average monthly rent in Miami is now up to $2,200. Although many people migrating to Florida may see renting as a great short-term option, buying a condo or private home may be a better financial deal in the long run.

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Real Estate Specialties You Should Know About

Details: For real estate agents, choosing an area of focus — or real estate specialty — is a lot like choosing a major in college. a home to live in, investment buyers want a home with money-making potential. This can mean homes in areas with high rental demand or homes begging for a flip and a quick re-sale. This includes things like what

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The Winter Impact on the Housing Market

Details: Here’s what you need to know to protect your real estate business year-round. Get My License. California Real Estate License; Florida Real Estate License Winter inventory of 2018 dipped to around 1.8 million homes available for sale, then bounced back up to around 2.4 million homes in the summer of 2018. By January 2021, inventory was

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Florida Real Estate Trends

Details: February 17, 2022. New real estate agents in Florida must complete post-licensing education after getting licensed. Learn what it is, the deadline, and where you can get it done. Tampa Real Estate Is Booming and the Future Is Bright. December 23, 2021. "Selling Tampa" is more than a reality series.

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What can you do with a Virginia Real Estate License

Details: Types of transactions or activities that licensed real estate agents do are: Sell or rent real estate to tenants and buyers on behalf of a real estate brokerage. List homes for sale. Draw up real estate contracts. Develop business leads. Stage and show properties. Assist buyers in the purchasing process. Licensed real estate agents work towards

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How to Capitalize on the 2022 North Carolina Real Estate Trends

Details: North Carolina real estate has been in extremely high demand over the last few years. Census data shows that North Carolina’s population grew by 111,774 from April 2020 to July 2021. A few North Carolina cities even saw their populations increase by over 100%! North Carolina joins popular states like Texas and Florida in attracting new

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Michigan's Fastest Growing Markets and 2021 Trends

Details: This town of just over 75,000 residents also has one of the most competitive real estate markets in the state. Properties typically remain on the market less than a week, and 68.6% of them sell for above listing price. The median sale price is $185,500, up 16% year-over-year. 3. …

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The Pros and Cons of Buying or Selling a House in Winter

Details: Lower pricing: The median sale price is lower during the winter months. This can help buyers save a bit on the purchase price. More time with a realtor: With fewer homes on the market and being sold, realtors have more free time. That can create a better experience for homebuyers as realtors can be more attentive.

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Georgia's Fastest Growing Markets and 2021 Trends

Details: Fastest Growing Real Estate Markets in Georgia. 1. Winder, Georgia. This suburb to the east of Atlanta has a median sales price of $239,000, a year-over-year increase of 19.6%. Homes remain on the market 12 days on average, and inventory is down, making this one of the more competitive markets in the Atlanta metro area.

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Real Estate License Reciprocity Guide 2022

Details: Colorado real estate license reciprocity, for example, offers license reciprocity for all 50 states. If you’re moving from any US state to Colorado, you don’t need to re-take all your real estate courses. You can simply apply to take the state portion of the Colorado real estate exam. Once you pass the state portion of the exam to prove

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10 Common Mistakes House Flippers Make

Details: Mistake #6 - Ignoring the Backyard. Curb appeal and outdoor living are huge selling points. Most flippers budget for improving the front of the house, but then they completely ignore the backyard. It’s a big let down for buyers that tour a beautifully renovated home only to find the backyard needs a lot of work.

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Houston Real Estate Trends 2020

Details: There’s no reason to think that will change in 2020. First-time homebuyers, people looking for affordable housing, and investors face an even tighter market. According to the Houston Chronicle, homes priced between $150,000 and $200,000 had the lowest supply, at just 2.2 months. In 2020, buyers looking for deals are likely to face the most

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What Is the Texas Real Estate Act (TRELA)

Details: The Texas Real Estate License Act is the legislation that governs the licensing of Texas real estate license holders. The Texas Real Estate Commission (TREC), on the other hand, enforces the provisions of TRELA. The Texas legislature created TREC in 1949 (10 years after the creation of TRELA) for that purpose. Think of it this way: TRELA is the

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Austin Texas Real Estate Trends 2020

Details: 2020 Expectations. Home values in Austin are expected to go up 4.5% in 2020. Home values in areas right outside of Austin, such as Round Rock and Pflugerville, are expected to go up more than 7%. License holders should keep an eye on these surrounding neighborhoods and cities as many buyers will be looking in these areas.

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Texas' Fastest Growing Real Estate Markets for 2021

Details: The real estate market here is very competitive, with many homes receiving multiple offers. The average price of real estate in Flower Mound is $428,000, a five percent increase over last year. Homes sell for 0.9 percent less than the asking price on average, and they sit an average of 30 days on the market. 3. Fort Worth, Texas.

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What Can You Do With a Real Estate License in Florida

Details: Under Florida Statute 475.01 (1) (a), you must be licensed to perform any of the following real estate activities for compensation: Marketing, advertising, auctioning, or listing another person’s property for sale. Representing a seller in any other way in the sale of a property. Renting or leasing a property, on behalf of the lessor or

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Millennials Are Bringing Back Trailer Parks

Details: Today, the average home in the US costs $286k, while a manufactured home (the “modern incarnation” of a trailer) can be purchased at around $70k. Likewise, rent on one of these homes is about 30-50% lower than that of a typical 2-bedroom apartment. As housing prices continue to climb, median-income Americans are starting to change the

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What Can an Unlicensed Real Estate Assistant Do in Georgia

Details: An unlicensed real estate assistant can: Assemble documents for closings and secure documents that are public information. Write and place advertisements and promotional materials with the firm’s approval. Record and deposit earnest money, security deposits, and rents. Order items of routine repair and perform physical maintenance on real

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Career Paths for Anyone with a North Carolina Real Estate License

Details: Top 7 North Carolina Real Estate License Career Paths 1. Real Estate Sales Agent/Broker. This is the classic real estate license career path. With a North Carolina real estate license, you can help buyers and sellers in their real estate transactions. A career in real estate sales comes with the flexibility to make your own hours and be your

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The Financial Impact of COVID-19 As It Relates to the

Details: Some Americans have resorted to living rent-free with friends or family to ride out the recession. Let’s take a closer look at this survey data and what it tells us about the financial impact of COVID-19 on residential real estate. The Financial Impact of …

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How Long Is a Real Estate License Good for In New York

Details: Helping people sell properties and buy dream homes is a vocation that many people find very rewarding, but not just anyone can do it. According to the Real Property Law in New York, if you would like to manage the sale or purchase of a property, collect rent, or work with mortgage companies to negotiate the terms of home loans, you will need a real estate license.

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