News & Events

Appraisers are an integral part of the real estate sales process. It’s imperative that agents not only understand the fundamentals of the appraisal system but also follow the best practices for communicating with appraisers, especially while navigating today’s market.

At an interactive session Thursday called “Ask an Appraiser” during the 2021 virtual REALTORS® Legislative Meetings, panelists shared best tactics for working with appraisers and making the process as smooth as possible for all parties involved in a transaction. Here are five of the most pressing points discussed.

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Across the country, listings are being scooped up so quickly that there’s little inventory accumulation. Contract signings increased 23.3% year over year in March, according to the National Association of REALTORS® Pending Home Sales Index. Buyer demand has indeed created a hot market, but it’s also putting pressure on agents to help their clients compete amid multiple offers.

Unfortunately, multiple-offer situations can lead to some bumps in the road, said NAR Associate Counsel Deanne Rymarowicz during the Idea Exchange Council for Brokers Forum at the virtual REALTORS® Legislative Meetings on Wednesday. “But if you adhere to some key principles and risk management tips, you can help avoid complaints and fair housing issues while helping both the seller and the buyer understand their offers,” she said.

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NCJAR Affiliate, Lucy Edwards of VHT Studios delivers convenient photography and image management services to top real estate and business professionals looking to become even more successful. VHT Studios’ services ensure their properties get seen more, sell faster and at a greater price, which also helps attract new clients. A full-service partner to leading real estate agents and brokerages, the VHT Studios team delivers to professional Realtors® their most powerful selling tool—high-quality photography—from creation to display. This gives them more time to focus on what they do best—taking care of their customers.

For the month of May, VHT Studios is offering $50 their Listing Power Pack (Valid until 5/31/21). They bundled three services - stunning professional Photography, and Interactive Floor Plan, and Matterport 3D Tour all for one flat rate, all one appointment. 

Showcase your next listing with this amazing offer! $50 off the Listing Power Pack either Silver, Gold, or Platinum. 

Connect with Lucy!
Lucy Edwards, Director of Client Success
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Main 800-790-8687 
Direct 917-727-9760

“Coming soon” listings may be utilized when a Seller is ready to sign a multiple listing agreement, but for personal reasons is not ready to “show” the property to potential purchasers.  The listing brokerage must put the listing in the MLS within 24 hours upon Seller signing of the listing agreement, and utilize “coming soon”.  The stipulation of “coming soon” is that there will be NO SHOWINGS of the listing by ANYONE INCLUDING THE LISTING OFFICE until the end of the coming soon timeframe.  If this is not adhered to, it can be a Code oCof Ethics violation of Articles 1 and 3.

Based on the low inventory and pent-up demand by buyers, using “coming soon” is creating “sight unseen” offers which present their own problems.  Here are two scenarios:

1. listing agent is requiring “highest and best” prior to the first date of showing.  If the listing agent is advising the Seller to utilize “coming soon” to create sight unseen offers, or to give the listing brokerage an unfair advantage of access to the listing before the end of the coming soon timeframe, the listing agent is not working in the Seller’s best interest, and should re-think what they are doing.
2. listing agent is requiring “highest and best” the day after the first showing date, and then telling buyer agents there are no appointments available, thereby not allowing potential buyers to see the property prior to making the offer ask the question….  is this in the Sellers best interest, or giving the listing brokerage an unfair advantage of access? 

It should be the choice of the Seller to utilize “coming soon”.  See the article  published in NAR REALTOR® Magazine Jan-Feb 2021 regarding “Sight Unseen Offers”. 

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Congratulations to NCJAR’s 2021 Leadership Team! Please take a moment to enjoy the Video Installation of NCJAR's 2021 Officers & Trustees. NCJAR's Officers and Trustees consists of experienced volunteer REALTORS® who are dedicated to promoting and fostering professionalism, ethical business conduct, and advocating for the rights of our members and the consumer. 

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