Hey there! Watch the video for the TL/DR Version!

Let's talk about how home values have been changing over the last few years. It's been quite a journey, right? Here's something to consider - most folks haven't had their home appraised or gotten a Comparative Market Analysis (CMA) since they bought the place. With all the market shifts, that could mean your insurance coverage isn't keeping up.

That's why I offer a Comparative Market Analysis (CMA) that goes above and beyond the standard approach. Here's what makes my CMA special:

* Custom Data Export: I use a specialized export from BrightMLS that I've developed. This isn't just any data - it's hyperlocal, tailored down to your specific Subdivision/Neighborhood level. This ensures we're working with the most accurate and relevant information possible.

* Advanced Analysis: This data feeds into my custom-built Excel template. Here, we don't just look at numbers; we analyze key factors that influence prices, delve into absorption rates under various conditions, and craft evidence-based pricing strategies.

* Visual Storytelling: You'll receive a clear, visual report with comparable properties, complete with images. This adds depth and context to our data-driven narrative, making it easier to understand the market dynamics.

* Collaborative Interpretation: We'll walk through each line of data together, interpreting the market's language and turning insights into actionable strategies. Whether you're curious about your home's current value for insurance purposes or considering a sale, this method empowers you with knowledge and confidence.

This isn't just about crunching numbers - it's about understanding what your home is truly worth in today's market and how that relates to your insurance coverage. With this information, you can make informed decisions about your policy and protect your investment.

Interested in updating your insurance or just curious about your home's current value? Let's set up a CMA and ensure you're fully covered in this dynamic market. Feel free to reach out with any questions!

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

🏠 Welcome to our "Friday Pulse Check: Your Weekend Market Vitals" 🏠

Here's the latest market data from RLAH @properties to give you crucial insights ahead of the weekend:

📊 Market Pulse: August 14 - August 21 📊

1. 🔢 **Average Number of Offers**: 1.7 per listing (up from 1.4 last week). 50% of new contracts had multiple offers (up from 46%).

2. 💰 **Offer Prices**:

* Above List: 60% (up from 54%)

* At List: 30% (down from 31%)

* Below List: 10% (down from 15%)

3. 🔍 **Inspection Trends**:

* No Inspection: 60% (up from 38%)

* Full Inspection: 20% (down from 31%)

* Pre-Inspection: 10% (down from 23%)

* Pass/Fail: 10% (up from 8%)

🌡️ This week's data shows a significant uptick in market activity compared to last week. We're seeing a notable increase in the average number of offers, rising from 1.4 to 1.7, with half of all new contracts receiving multiple offers. This represents a continued warming trend in the market.

📈 There's been a substantial shift in offer prices, with a marked increase in above-list offers, now at 60% (up 6 percentage points). At-list offers remained relatively stable, while below-list offers decreased further, indicating increased competition among buyers.

🏃‍♂️ The inspection trends show a dramatic change, with no-inspection offers surging to 60% (up 22 percentage points). This suggests buyers are increasingly willing to waive inspections to make their offers more competitive. Full inspections and pre-inspections both saw decreases, while pass/fail inspections slightly increased.

🔥 Overall, the market appears to be heating up considerably, with signs pointing to increased buyer competition and a shift towards seller-favorable conditions. As always, local market conditions can vary. If you have questions about how these trends might impact your real estate plans, don't hesitate to reach out.

📅 Stay tuned for a more detailed analysis in Monday's full Market Report.​​​​​​​​​​​​​​​​

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

Welcome to our "Friday Pulse Check: Your Weekend Market Vitals". Here's the latest market data from RLAH @properties to give you crucial insights ahead of the weekend:

Market Pulse: August 7 - August 14

* Average Number of Offers: 1.4 per listing (up from 1.3 last week). 46% of new contracts had multiple offers (up from 44%).

* Offer Prices:

* Above List: 54% (up from 50%)

* At List: 31% (up from 19%)

* Below List: 15% (down from 31%)

* Inspection Trends:

* No Inspection: 38% (up from 12%)

* Full Inspection: 31% (down from 44%)

* Pre-Inspection: 23% (down from 44%)

* Pass/Fail: 8% (up from 0%)

This week's data shows a slight warming in market activity compared to last week, possibly driven by a drop in interest rates. We're seeing a small increase in the average number of offers and a higher percentage of contracts with multiple offers. There's also a notable shift in offer prices, with increases in both above-list and at-list offers, and a significant decrease in below-list offers. This change in buyer behavior could be a direct response to more favorable borrowing conditions, encouraging more competitive bidding.

Overall, the market appears to be regaining some momentum compared to last week, though it's still showing mixed signals. As always, local conditions can vary significantly. If you have questions about how these trends might impact your weekend real estate plans, don't hesitate to reach out.

Stay tuned for a more detailed analysis in Monday's full Market Report.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

While I don’t typically include podcasts in my email distribution, the significance of these upcoming changes prompted me to make an exception. Given the impact this will have on both buyers and sellers, I’m sending this out as part of my standard distribution to ensure everyone is informed.

The TLDR/KISS off it is: Buyer compensation will now be negotiated within the offer agreement, not in advance. If you have any questions, I’m here to help you navigate these changes.

#TheFeldmanGroup #RLAH #atproperties #RealEstateUpdate #NARSettlement #BuyerAgent #SellerAgent #RealEstateTips #HomeSelling #RealEstateChanges #CommissionRules #HomeBuyers #HomeSellers #RealEstateAdvice #BedHairDontCare(00:00:01):

Good morning.

(00:00:02):

I'm Corey Feldman with the Feldman Group at RLAH.

(00:00:05):

Starting tomorrow,

(00:00:06):

August 17th,

(00:00:06):

the new NAR settlement rules will take effect,

(00:00:10):

impacting both buyers and sellers.

(00:00:12):

Now,

(00:00:13):

I've already stopped pre-negotiating the buyer-side commission even before the MLS

(00:00:17):

removed the relevant field.

(00:00:19):

In my listing descriptions,

(00:00:20):

I've made it clear that sellers prefer buyer agency,

(00:00:23):

and I've instructed buyer agents to submit offers of compensation in their contract.

(00:00:28):

Now,

(00:00:28):

while this change means that compensation isn't pre-negotiated anymore,

(00:00:33):

sellers should still be prepared to cover the buyer agency commission,

(00:00:36):

typically around 2% to 2.5%.

(00:00:39):

It's important to understand that transactions involving unrepresented buyers carry increased risk.

(00:00:44):

These deals are less likely to reach closing, and courts often favor the unrepresented party.

(00:00:50):

This is why I advise my clients that working with a buyer agent on the other side is crucial.

(00:00:55):

The kiss of it all is buyer compensation will now be negotiated within the offer agreement,

(00:01:01):

not in advance.

(00:01:02):

If you have any questions, I'm here to help you navigate these changes.

(00:01:06):

Have a great day.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

(00:00:00):

Good morning, everyone.

(00:00:01):

So I signed a new listing the other night,

(00:00:03):

and I was talking to this lovely couple about the best time to photograph their

(00:00:07):

home to take advantage of natural light.

(00:00:10):

And it got me thinking about buyers.

(00:00:11):

I posted on this topic before, but I do think it's worth repeating.

(00:00:16):

Really, it is really important to visit a home more than once.

(00:00:20):

Do it at different times of day.

(00:00:22):

Check it out in the morning.

(00:00:24):

Check it out when you're coming home from work.

(00:00:27):

Check it out on the weekends.

(00:00:28):

Not only can you see a lot about natural light,

(00:00:31):

what the property looks like at different times of day,

(00:00:33):

but you'll also get some insight into traffic patterns to and from work,

(00:00:37):

schools,

(00:00:38):

what's the neighborhood like on the weekends.

(00:00:40):

All right, I hope you have a fantastic day and talk to you later.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

(00:00:01):

Hey, good morning, everyone.

(00:00:02):

Now, if you're watching this on video, this is obviously part of my Fed Hair Don't Care series.

(00:00:08):

So I woke up this morning to fantastic news.

(00:00:10):

I don't know if you saw it, but inflation is below 3% for the first time since 2021.

(00:00:17):

Obviously, I had been anticipating lately that interest rates would likely drop in September.

(00:00:24):

You can pretty much guarantee it now.

(00:00:27):

Interest rates will drop in September.

(00:00:29):

Have a great day.

(00:00:31):

Thank you.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

(00:00:00):

Hi, Corey Feldman with the Feldman Group at RLAH.

(00:00:03):

Now,

(00:00:03):

when you're buying a piece of property,

(00:00:05):

whether it's a house,

(00:00:06):

a townhouse,

(00:00:07):

a condo,

(00:00:08):

it doesn't matter.

(00:00:09):

You're not just buying real estate, you're buying into a community.

(00:00:14):

So it's really important that you understand the community in which you're about to

(00:00:19):

put a substantial amount of your resources.

(00:00:22):

And of course,

(00:00:23):

the condition of the property you might be buying is of paramount importance,

(00:00:27):

but the condition of your neighborhood also matters.

(00:00:31):

Take a look at the homes around you.

(00:00:33):

Are they investing in the neighborhood?

(00:00:34):

Are they taking care of their properties?

(00:00:38):

Is there an HOA and are they maintaining the communal space?

(00:00:43):

Are you on a side street or main road?

(00:00:46):

How much traffic is there going by?

(00:00:49):

Are there any local businesses walking distance?

(00:00:52):

In front of me I've got a Mormon church and behind me I do have a fantastic garden center.

(00:00:59):

Is your kids school walkable or are they going to be waiting for the bus?

(00:01:03):

Wayside is certainly walking distance for me but without sidewalks it's not practical.

(00:01:09):

What's the feel of the neighborhood?

(00:01:11):

Is it green enough for you?

(00:01:14):

If you are on a side street are there walking paths to larger neighborhoods?

(00:01:18):

At the end of the day you can't truly have the right house if it's the wrong neighborhood for you.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

(00:00:00):

Hi, Corey Feldman with the Feldman Group at RLAH, and this is my Bed, Hair, Don't Care series.

(00:00:05):

Perhaps you saw my video yesterday and you're like,

(00:00:09):

hey,

(00:00:09):

great,

(00:00:10):

there's wonderful opportunities for buyers right now,

(00:00:12):

but I've got a house I need to sell.

(00:00:15):

You're telling me you don't think I should list it until Labor Day.

(00:00:18):

So how do you square that circle?

(00:00:21):

Well, let me tell you, there's some fantastic programs out there.

(00:00:23):

I know the idea of a bridge loan can sound scary,

(00:00:27):

but I work with a lender that has a fantastic program that really takes a lot of

(00:00:32):

the risk and cost out of these programs.

(00:00:35):

Give me a call to see if it's the right fit for you.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

(00:00:00):

Hi,

(00:00:00):

this is Corey Feldman with the Feldman Group at RLAH,

(00:00:02):

and this is for my Just Rolled Out of Bed series.

(00:00:05):

Thinking of buying a home?

(00:00:07):

Don't wait for September for interest rates to drop further.

(00:00:10):

Here's why.

(00:00:11):

The market's great for buyers right now.

(00:00:13):

Interest rates are close to a 12-month low, and if you wait till September, you'll face more competition.

(00:00:19):

Take advantage of this opportunity,

(00:00:21):

start your home search today,

(00:00:23):

and you could be moving in sooner than you think!

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com

Welcome to our "Friday Pulse Check: Your Weekend Market Vitals". Here's the latest market data from RLAH @properties to give you crucial insights ahead of the weekend:

Market Pulse: July 31 - August 7

* Average Number of Offers: 1.3 per listing (down from 1.5 last week). 44% of new contracts had multiple offers (down from 50%).

* Offer Prices:

* Above List: 50% (down from 64%)

* At List: 19% (down from 21%)

* Below List: 31% (up from 15%)

* Inspection Trends:

* No Inspection: 12% (down from 57%)

* Full Inspection: 44% (up from 14%)

* Pre-Inspection: 44% (up from 8%)

* Pass/Fail: 0% (down from 21%)

This week's data shows a continued cooling in market activity compared to recent weeks. We're seeing a decrease in the average number of offers and fewer contracts with multiple offers. There's also a significant shift in offer prices, with a notable increase in below-list offers and a decrease in above-list offers.

The inspection trends have dramatically changed, with a sharp decline in no-inspection offers and a substantial increase in both full inspections and pre-inspections. This suggests buyers are taking a more cautious approach.

Despite this cooling, the market remains more active than typical for this time of year. As always, local conditions can vary significantly. If you have questions about how these trends might impact your weekend real estate plans, don't hesitate to reach out.

Stay tuned for a more detailed analysis in Monday's full Market Report.

This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit thefeldmangroup.substack.com