As multiple offers have become increasingly common (if not the norm) in markets all over the country, real estate agents and their buyers are becoming all too familiar with the feeling of losing to an all-cash bidder. And if those buyers could have offered cash, they likely would have—and won the bid. According to industry…
Competition in the real estate brokerage space has never been as fierce: Gross margins for all brokerage firms have dropped more than one-third in the last seven years, from 22% to under 14% today. The biggest challenge brokers will face over the next three months is pressure on profit margins. Brokerages need to generate ancillary…
Headlines have been dominated by iBuyers for years, but there’s a much bigger story in the real estate market today: More sellers are using the services offered by a group of innovators and disruptors known as “Power Buyers.” They all share one common denominator: they dramatically increase the consumer’s home-buying power. Unlike iBuyers, Power Buyers…
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