True | False - Housing Crisis in Saint Louis [Real Estate Insider]

Jun 2, 2020 10:55:15 AM / by Brett O'Daniell posted in Home tour, real estate, house hunting, housing market, St. Louis, home showings, housing demand, buying a home, STL

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Live Video Tours [House-Hunting 2020]

Mar 31, 2020 3:23:12 PM / by Brett O'Daniell posted in home shopping, real estate, touring homes, home showings, home tours, innovation

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With recent events HomeTraq very quickly put into place Live Video Tours so that people can now have the option do have a video call with an agent to tour the home. But which one suits you? 

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Real Estate Insider Tips [Procuring Cause]

Mar 16, 2020 9:20:36 AM / by Mark Gorman posted in real estate, buyer's agent, commission, homebuyers, dual agency, representation, listing agent, selling agent, home showings, disclosure, negotiation, procuring cause, home tours

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"Procuring cause" is a real estate term which agents, brokers and sometimes buyers use to determine who will receive the commission on a house sale. It is widely identified by the specific tasks performed by a real estate agent which lead to an accepted purchase contract and successful sale of real estate.  

In many cases, the "procuring cause" task could be identified as the first showing of a house by a real estate agent which a buyer purchases. "Procuring cause" could also be construed to mean the task of writing and negotiating the purchase offer. Since there is no hard and fast rule as to what specifically triggers "procuring cause", its easy to see how this situation can get tricky.

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Can you tour homes without a real estate agent?

Aug 3, 2019 8:24:00 AM / by Brett O'Daniell posted in real estate, buyer's agent, commission, listing, homebuyers, first-time, homeownership, agency, listing agent, home showings, disclosure, procuring cause, home tours, do it yourself, hometraq

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When you speak to an agent at an open house, call an agent for more information about a house, or ask an agent to show you a home, you might be opening a can of worms for yourself if you don't intend to buy a home through any of these agents. Don't make the mistake of leading an agent on, even unintentionally, because it can come back to bite you.

The real estate agent and brokerage who have a home listed for sale represent the seller and that person's best interests. The listing agent is contractually obligated to report to the seller all activity & material facts they learn about the local market and potential buyers. 

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17 questions to find the best agent for you

Jul 16, 2019 8:14:00 PM / by Brett O'Daniell posted in Home tour, home shopping, real estate, house hunting, touring homes, home search, real estate agents, agents, real estate agent, professional, buyer's agent, commission, listing, realtor, home purchase, sales contract, home inspection, homes for sale, listing agent, selling agent, home showings, home for sale, hometraq, home ownership, buying a home

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Interviewing potential real estate agents before deciding on whom to hire is a good idea. It’s in your best interest to ask them some or all of the following questions to gauge their knowledge and fit with your needs. Take a look below, and let us know if there are any other questions you’ve found valuable when interviewing agents.

 

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What is a "Coming Soon" listing? How quickly can you tour one?

Jun 28, 2019 7:07:00 AM / by Mark Gorman posted in buyer's agent, listing, homebuyers, listing agent, home showings, option, coming soon, consumer, housing demand, housing inventory, pending

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Coming Soon listings continue to become more common as the local housing inventory tightens.  It causes concern among buyers, sellers and real estate professionals.  It has prompted real estate commissions across the country to issue guidance on the topic. Here’s what you need to know to keep informed and to understand all sides of the equation.

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Visiting an open house this weekend? What should you say to the agent?

Jun 21, 2019 1:46:00 PM / by Mark Gorman posted in real estate, buyer's agent, homebuyers, dual agency, agency, listing agent, selling agent, home showings, procuring cause, home tours, open house, home for sale

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When you visit a public open house and an agent asks you to sign the "sign-in sheet" what should you say? What should you write down? What are the rules for who can represent you if you decide that the Open House is, in fact, your future Dream House? 

Many times the agent holding the open house states the seller is requiring a list of everyone who walked through the house as a measurement of interest and to get feedback on the price and condition of the property. Some agents state that their company policy, brokerage and/or seller require the list of visitors for security reasons in case something ends up missing from the house.  

While these are legitimate reasons, if you have ever provided your real contact information at an open house, you have probably experienced being contacted for something other than the explained reason. Most likely you were solicited to see if you wanted an agent to show you a different house or if you needed pre-approved for a mortgage.

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Discover these powerful real estate alert tips

Jun 17, 2019 8:03:00 PM / by Jeffrey Che posted in housing market, millennials, first-time, homeownership, homes for sale, Zillow, home showings, housing inventory, home tours, open house, contingent, hometraq, sold, MLS, notifications, alerts

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Never miss the perfect home again!

Here are a few quick ALERT tips that can make your home search much more intuitive. All you have to do is login to HomeScout and the red arrows highlighted in the images below will help you unlock these powerful features. Make sure to refine and save your Search Criteria and then turn on New Listing and Open House Email Alerts so you don't miss out when properties become available. 

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What does Pending, Under Contract, and Contingent mean?

Jun 14, 2019 7:21:00 AM / by Mark Gorman posted in listing, home showings, option, pending, home tours, cancelled, contingent, expired, kick out, short sale, status, temporarily off market, active, sale pending, sold, withdrawn

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Can you schedule a showing for a home in Pending status? Does the Under Contract status mean that there is a chance the current offer on a home may fall through? Will the seller consider a back up offer from you in the case that the current buyer is unable to sell their current home soon? These are all fantastic questions and each property status requires these questions to be addressed in different possible ways.

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