7 reasons agents are failing (and how to avoid their mistakes)

The current real estate market separates the best from the rest. Jimmy Burgess shares how to avoid the biggest mistakes agents are making right now.

Watch Now: iBuying, positioning your brand and winning listings

The newest Inman Access classes are live! Watch experts discuss the latest iBuying trends, mastering branding and positioning, and tactics to secure listings in a competitive market.

LISTEN: It’s not too late to advocate for affordable housing

Have we reached the point of no return when it comes to affordable housing? Dr. Lee Davenport and her guest, Georgia State University's Dr. Dan Immergluck, discuss the peril and possibilities.

3 things Netflix, Airbnb and Google do (that most leaders don’t)

Good leadership is often the difference between a thriving business and a failing one. A great leader cares about their people and prioritizes their needs to ensure a happy and productive work environment.

Sold! HGTV Stars Tarek and Heather El Moussa Finally Flip Their Long Beach Home for $1.6M

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A California home renovated by HGTV stars Heather Rae and Tarek El Moussa popped up on the market recently.

Their modern Mediterranean in Long Beach was just sold for $1,635,000. It was listed in January at $1,699,900.

This home was featured on the second episode of the couple’s new series, “The Flipping El Moussas.” On the show, Tarek works on flips with his new wife, Heather Rae, a real estate agent on the Netflix reality show “Selling Sunset.”

Heather Rae and Tarek El Moussa’s remodeled house in Long Beach

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Long & Foster taps new CEO, president following resignations

The announcement follows the resignations of former Long & Foster Companies President and CEO Jeff Detwiler and former Long & Foster Real Estate President Boomer Foster, which were made public at the beginning of this week.

LoanDepot says it has ‘full access’ to $600M Signature Bank credit lines

The struggling mortgage lender assures investors that it has moved $225 million in cash that it held at Signature Bridge Bank to another institution.

Built in 1710, a Relocated Colonial in Connecticut Is This Week’s Oldest Home

Realtor.com

A Colonial that was relocated from Lexington, MA, to New Canaan, CT, is the oldest property on the market this week on Realtor.com®.

The spacious home boasts a central chimney extension through the roof in a T shape, a “hallmark of the earliest Colonial period,” according to the listing. The 4-acre property also includes a two-car garage and a barn.

Other vintage dwellings to hit the market this week include a Greek Revival estate in Virginia, a Rhode Island riverfront gem, and a New Jersey townhouse that survived the Revolutionary War and later hosted Ernest Hemingway.

Scroll down for a full look at this week’s 10 oldest homes.











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Opendoor and Zillow expand partnership into 3 new markets

The firms said they would expand into Houston, Phoenix and Dallas. The expansion follows the group’s February announcement that they would offer their joint service in Atlanta and Raleigh.

Zillow adds new mapping software to show renters apartment views

Zillow said its partnership with Engrain will give renters the ability to see what floor their potential dwelling is on, as well as the view outside and within the building.

45% of sellers offered concessions coming into 2023: Redfin

After several years of bidding wars and waived contingencies, the scales are starting to tip in homebuyers' favor, according to Redfin's latest market report published on Wednesday. During the three months ending Feb. 28, 45.5 percent of homesellers offered to cover repairs, closing costs and mortgage rate buy-downs alongside other concessions. That's a 14.4 percent increase from last year and the highest concession rate since June 2020.

How it works: the free app that will radically change how you prepare listings

Walk through how to use the free app to build instant and accurate home improvement estimates, get the expected return on investment, and swiftly price out home inspection reports

The best of Engel & Völkers’ EVX: ‘Ninja drops’ and ‘witness’ collection

Topics across Engel & Völkers' two-day EVX conference included international markets, increasing leads and listings, social media strategies, brand credibility and much more.

EXCLUSIVE: Brown Harris Stevens partners with Cloze on CRM

Within six weeks, the companies exceeded their adoption target, largely as a result of an internal marketing campaign whereby agents who were early adopters of the program made recommendations to other agents based on experience, BHS exclusively told Inman.

Build your business: 5 timely strategies for success in your real estate career

The team at Kaplan will walk us through an insightful look at the educational needs and mindset shift required for 2023 success. Get a look at the new players in the market. See how the post-pandemic market and shifting economic outlook will affect who you are going to be. What are the attributes of the […]

6 Key Questions To Ask When Getting a USDA Loan

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When it comes to choosing the right mortgage for your home purchase, there are many factors to consider, including the interest rate, terms of the loan, qualifying criteria, and finding the best possible lender for your needs.

For those who meet the eligibility requirements, a USDA loan is a smart option since most of these loans can be 100% financed, requiring low or no down payments.

Just like any other mortgage seeker, however, individuals thinking of trying for a USDA loan should shop around, comparing various lenders by asking them lots of questions. Here are some topics to hit to help you figure out if a particular lender is right for you.

1. Does your company offer USDA loans?

First off, homebuyers should check that the lender they’re considering working with actually offers USDA loans, since not all do.

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What to Watch for on Your Final Walk-Through of a Home

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You’re this close to owning a new home, you can almost taste it. The closing paperwork is prepared, your new digs passed the inspection, and—wonder of wonders—you’re even happy with your loan. Homeownership is just on the other side of the hill.

As long as the final walk-through goes according to plan.

OK, take a breath—there’s no need to panic. The vast majority of walk-throughs reveal no problems at all, and even if they do, most issues are easily fixed. Still, it can be an awkward, stressful process that can make you want to reach for heartburn medication, especially for first-time buyers. Learn what to look for on your last trip through the house before the sellers hand over the keys. Your new keys!

Create a checklist

Before your walk-through, work with your agent to create a comprehensive checklist covering all of your concerns with the home—the items that you’d like to see addressed or fixed, pronto. Look at your notes from previous walk-throughs and the inspection report to determine what areas of the house you should double-check.

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For the First Time Ever, Dave and Jenny Marrs Literally Break the Bank on ‘Fixer to Fabulous’

HGTV

Renovation experts Dave and Jenny Marrs have an opportunity to break the bank on the latest episode of their show, “Fixer to Fabulous.”

We don’t mean spending more money than they can afford. We’re talking about doing a demo on a former financial institution.

In the episode “Historic Bank Turned Apartment,” they have the unprecedented opportunity to renovate the upstairs apartment in a 1905 commercial property in Arkansas.

“About 10 years ago, Jenny and I bought a historic building in Centerton,” Dave explains, referring to a very small community just a stone’s throw from Bentonville, where they currently live. “It’s a really old bank.”

Jenny and Dave Marrs find lovely brick underneath the vinyl siding.
The deck with cedar and brick surfaces in place of vinyl siding
Dave and Jenny Marrs inspect a faux brick fireplace.
Check out the discreet mini split HVAC system mounted to the wall (top left)
Hydroponic garden wall
Fully renovated apartment
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Down Payment Covered? Don’t Forget About Pesky Closing Costs

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If you’re gearing up to buy a home, there’s a bitter pill you’ll have to be prepared to swallow. You don’t just have to pay for the house itself.

You’ll also need to open your swiftly slimming wallet for a myriad of costs, fees, and taxes—the infamous closing costs. They encompass a wide variety of fees that average between 2% to 7% of your home’s purchase price. So for the purchase of a $400,000 home, your closing costs could add up to anywhere from $8,000 to $28,000. As we said, be prepared.

After the stress of house hunting and the anxiety of the offer, you might feel like you can’t handle yet another hurdle. But closing costs are an inevitable (and unavoidable) part of the purchase process. Happily, there’s often wiggle room—at least on the costs that could be covered by the seller. Learn about what goes into your closing costs—and, even more important, how to whittle them down to size.

Inspection and appraisal fees

You won’t have much luck lowering appraisal fees. The lender selects the appraiser, so you’ll likely be stuck paying their costs without much room to negotiate.

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Mortgage Demand Jumps in Past Week Amid Bank Closures, as Rates Took a Dip

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The numbers: Mortgage demand rose over the past week, despite news of bank closures and an uncertain economic outlook.

Demand for mortgages rose 6.5% in the latest week as rates dropped slightly.

Demand rose for both purchases and refinancing. That pushed the market composite index—a measure of mortgage application volume—up, the Mortgage Bankers Association (MBA) said Wednesday.

The market index rose by 6.5% to 214.5 for the week ending March 10 from a week earlier. A year ago, the index stood at 496.5.

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