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Realistic how can homes continue to increase in value every year?

I recently purchased in the DFW area. As realtors you all are probably the most educated individual that can answer this question. We saw that massive value run up during the pandemic. How can homes just keep increasing in value? At some point don't we just reach a point where no one can afford a home? Even at 2% appreciation it would look extremely crazy in 10 years. Where is the ceiling if salaries are not keeping up? I'm worried that I won't even be able to sell when I do because if we just keep appreciating then eventually you just run out of buyers. I'm hoping no one is offended by this question. I'm just really trying to understand how this is possible submitted by /u/MrIAmMe2 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w7ika9/realistic_how_can_homes_continue_to_increase_in/
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Email Drip Marketing

Fellow realtors, How often do you send an email out to your sphere / past clients? What service do you use to do so? Any tips or tricks you can provide to a new(ish) realtor just starting an email campaign? submitted by /u/mikemitch38 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w7e94g/email_drip_marketing/

How much of a premium does "intangible" qualities to a house such as large lot, overlooking a forest preserve, privacy, etc, bring?

For example, I saw a house listed that has a large flat backyard on nearly 1/2 acre with a forest preserve in the back. The house has has only one neighbor and has lots of privacy. The house is in your typical subdivision and not in some area where this is the norm. Now how much of a premium does intangibles like this bring? Like compared to a house with similar sq foot a few blocks over but is in a smaller lot and doesn't have the same intangibles? Do buyers put a hefty premium on this? And I know it goes down to comps but it's kind of difficult finding comps. submitted by /u/IntelligentPlate5051 [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w79hjz/how_much_of_a_premium_does_intangible_qualities/

As an agent, I'm getting really irritated with listings that include unfinished basement space in the square footage

This seems to be very common and I think it's very misleading!!! I have shown several listings expecting the home to be a certain size, then when we get there, it's obvious the square footage was exaggerated! I have to look at the history or tax records to get accurate square footage because many agents want to exaggerate the actual above grade square footage! Even with finished basements, there is still a designation for above grade and below grade finished space. And so many are just lumping it all together in above grade and it's frustrating. Like once we see the property, we won't realize that the house isn't actually 3500 sq ft when it's really 2200 sq ft!!! Just venting lol submitted by /u/Augatl [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w71xl0/as_an_agent_im_getting_really_irritated_with/

Texas Realtor Fees

What are realtor fees looking like in Texas currently? Are we still paying both buyer/selling agents as the home seller? What are typical rates? What's fair vs disrespectful? submitted by /u/ahorsenamedjeff [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6gyju/texas_realtor_fees/

What is the most important factor when reviewing comps?

We are looking at a house that was built in the mid-90s, but the current owners have updated the inside with fresh paint/carpets/LVP flooring. The house itself is only about 1500 sq ft (2 stories) with 600 finished sq ft in the basement. The property sits on 1.9 acres. About 0.5 of the acres is flat functional grassy space and then the rest is wooded area. The house is listed at $465k and our lender thinks we need to offer $505k to be competitive. Our agent told me she’d get back to me on value. Just this month, a home right down the street sold for $410k, was listed at $389k so did go for over asking. The house is only on 0.5 acres but has 1800 finished square feet on the main level, plus a smaller finished basement. I am curious how to go about coming up with a competitive offer. Is land worth more than home square footage, in a general sense? submitted by /u/EquipmentSad [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6bbqz/what_is_th...

Do appraisers consider square footage of a house in determining the appraised price more than time of recently sold homes?

For context, the house that we are under contract about 3000 ft.² and the only recent comes for same number of rooms and bathrooms in the area are much bigger at around 5000 ft.² There are not many recently sold homes in the area. Will they have to look back more than 6 months to find comparable homes or will they use the houses that are much bigger as comparable homes? submitted by /u/4mysquirrel [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w6bfww/do_appraisers_consider_square_footage_of_a_house/

Thinking about dropping 550k for a 1/1 condo.

It's within the budget. It's a 1/1 condo in a medium sized city in Florida and a huge, desirable tourist destination. HOA feels are reasonable by south Florida standards. Recent comps in the building all come in right around that price point. Didn't think I'd ever drop so much on a condo. My questions are as follows: Think this would be a good investment if I decide to sell 10 years from now? Are there any major pitfalls from buying property smack in the middle of a huge nightlife/tourist area? Am I crazy for paying so much, for so little space? Price per sq-ft comes out to ~$600 edit: I am single and have no desire to settle down. submitted by /u/Chuddy-McChudderson [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w67710/thinking_about_dropping_550k_for_a_11_condo/

Opinions on My Listing?

I saw another post where someone did this and I would love some feedback on my listing. I don't want to give too much backstory, but we have been on the market since late June with no offers and have done a bunch of price drops. What are you seeing here that would be a roadblock to receiving an offer? https://www.zillow.com/homedetails/3600-N-Three-Bs-And-K-Rd-Sunbury-OH-43074/463469097_zpid/ submitted by /u/missdelivered [link] [comments] source https://www.reddit.com/r/RealEstate/comments/1w5czhk/opinions_on_my_listing/

Check my possibly-stupid condo-buying idea? (CA)

I'm moving to a new town. I'm ... 90% sure I want to live there. I was planning to rent for a year or two before buying, but the rental market is a little nuts. Very much a landlord's market. Weirdly, the condo market is a buyer's market. (Or not so weirdly considering the HOA fees average like $800/month.) I found a condo offered at $240k. I can afford that easily, even with with added 800. However, I worry about buying and then regretting the move. My possibly-stupid question is, can I suggest a deal where, like, I pay 20% down now, move in, don't pay a cent for 24 months, and then after that point either pay the owners teh balance or just say thanks and we both move on? They'd have made $2k/month in 'rent'. So no real harm done to them, except they'd be stuck with the hassle of putting it on the market again (and owning it for those two years). And my risk is lower cause if I'm like, 'nope, hate it here,' I'm just out rent-equiv...