Key Takeaways:
– The housing market is currently different than it has been in decades, with new construction becoming an important segment for agents.
– Despite a dip in new home sales in August, sales were still higher compared to the previous year.
– Offerpad’s Agent Partnership Program allows agents to build a niche market for buyers looking to buy new homes and earn an additional 3 percent referral fee.
– The new-home market is doing better than the existing home market, thanks to incentives and price reductions offered by builders.
– Offerpad’s Homebuilder Services allow agents to request a competitive cash offer on behalf of their clients, removing the obstacle of selling their existing home first.
– Offerpad pays a 3 percent referral fee for eligible home sales that are not already listed on the MLS.
– New-build buyers can coordinate closing dates up to 120 days to avoid double mortgages and moving twice.
– Offerpad offers a professional, free local move for sellers who accept a cash offer.
– Offerpad’s Agent Partnership Program can make the job of agents easier, whether their clients are interested in buying a new build or selling their home.
inman:
Today’s housing market is unlike any in decades. While existing home sales are increasingly in the news, new construction is proving to be an attractive and increasingly important segment for agents.
Despite a dip in new home sales in August, sales were still 5.8 percent higher year over year from August 2022, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). With Offerpad’s Agent Partnership Program, you can build a niche market for buyers looking to buy new. You could earn an additional 3 percent referral fee in the process. Even more, with Offerpad recently lowering their service fee to 5 percent service, your sellers are pocketing more, too.
With builders offering incentives and price reductions to entice buyers, the new-home market is faring better than the existing home market, which continues to be at the mercy of rising mortgage rates. You can help them take advantage of those incentives by removing the biggest obstacle to buying new — the contingency of selling their existing home first. With our Homebuilder Services — made up of more than 40 of the top builders in the U.S. — you can request a competitive cash offer on behalf of your client while sitting in the builder’s office (or online) and within one hour, receive selling solutions to enable your client to choose their best way to sell.
Suppose your client’s existing home isn’t already listed on the MLS. In that case, Offerpad will pay you an industry-high 3 percent referral fee upon the successful completion of every eligible home sale on top of your regular commission.
In addition to a quick cash sale (and no showings for your client — or you!), new-build buyers can easily coordinate closing dates up to 120 days to avoid double mortgages and having to move twice with Offerpad builder partners. Plus, they can remain in their existing home up to three days after they close when selling to Offerpad.
And talk about a smooth move. When your seller accepts a cash offer from Offerpad, they also receive a professional, free local move to get them into their brand-new home.
Whether your clients are interested in buying a new build or just the easiest way to sell their home, Offerpad’s Agent Partnership Program can help make your job easier. Contact me to find out how or visit www.offerpad.com/agents.
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Property Chomp's Take:
The housing market is constantly evolving, and agents need to adapt to the changing landscape to stay competitive. While existing home sales are often in the spotlight, new construction is becoming an increasingly important segment for agents to consider.
Despite a slight dip in new home sales in August, the numbers are still 5.8 percent higher than the same time last year, according to the U.S. Census Bureau and the Department of Housing and Urban Development (HUD). This indicates that there is a growing demand for new homes, presenting a unique opportunity for agents.
One way to tap into this niche market is through Offerpad's Agent Partnership Program. By focusing on buyers looking to purchase new homes, agents can build a niche market for themselves. The program offers agents an additional 3 percent referral fee, providing a lucrative incentive to explore the new construction market.
Moreover, Offerpad has recently reduced their service fee to 5 percent, allowing sellers to retain more of their profits. This benefit, combined with the incentives and price reductions offered by builders, makes the new-home market an attractive option for both buyers and sellers.
One of the biggest obstacles to buying a new home is the contingency of selling an existing home first. However, Offerpad's Homebuilder Services can help agents overcome this hurdle. With over 40 top builders in the U.S. participating in the program, agents can request a competitive cash offer for their clients while sitting in the builder's office or online. Within just one hour, agents can receive selling solutions that enable their clients to choose the best way to sell.
In addition, if a client's existing home is not yet listed on the MLS, Offerpad will pay agents an industry-high 3 percent referral fee upon the successful completion of every eligible home sale. This provides agents with an additional incentive to explore the new construction market and help their clients navigate the selling process.
Furthermore, buying a new build with Offerpad comes with several benefits for clients. They can easily coordinate closing dates up to 120 days, avoiding the hassle of double mortgages or having to move twice. Additionally, clients can remain in their existing home for up to three days after closing when selling to Offerpad. This ensures a smooth transition between homes.
Offerpad also offers a professional, free local move for sellers who accept a cash offer. This added perk makes the selling process even more seamless and convenient for clients.
Whether clients are interested in buying a new build or simply want the easiest way to sell their home, Offerpad's Agent Partnership Program can help agents simplify their job. By taking advantage of the growing demand for new homes, agents can expand their client base and increase their earning potential. To learn more about the program, agents can visit www.offerpad.com/agents or contact Offerpad directly.
In conclusion, the current housing market presents an opportunity for agents to explore the new construction segment. With Offerpad's Agent Partnership Program, agents can tap into this niche market, earn a higher referral fee, and provide their clients with selling solutions that make the process seamless and convenient. By adapting to the changing market and leveraging new opportunities, agents can thrive in today's competitive real estate industry.
