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Traditional Real Estate Route: Traditional real estate firms offer comprehensive services to home sellers. These services include: Evaluating the home, property, neighborhood, and market data to determine a fair list price. Managing photography and virtual tours. Marketing the home on the Multiple Listing Service (MLS) and syndicated sites. Placing a “For Sale” sign in the yard and using key lockboxes. Creating marketing materials and advertising through various channels. Home staging (if offered). Facilitating open houses. Handling contract negotiations, buyer inquiries, and home inspections. Guiding the transaction through closing. The cost for these services is covered by the seller through a commission. On average, the seller’s agent receives 3% of the home sale price, and the buyer’s agent also receives a similar commission. Negotiating lower commissions can be challenging, as agents rely on these fees for their livelihood1. [...]

626 homes available in the Metro counties in January Median home price Metro wide was $304,000 Median Single Family price was $310,000 20 days from listing to escrow across Metro 986 new listings hit the market in January 1,005 deals were inked, pending sale 893 Homes closed Holy cow inventory is tight! As I write this in late February there are 571 homes of any type available in the Albuquerque Metro area – that’s Bernalillo, Sandoval, Valencia and Torrance counties. And I’m not just talking single family homes. I’m counting SFs, townhomes, condos and manufactured homes.   And We Thought Inventory Was Tight Last Year For January the count was 626 homes available on average on any given day throughout Metro. Back in January 2021 there was an average of 1,116 homes available and [...]