Real estate is local, but my experiences over the past several months are similar to those of real estate agents around the country. My job is like playing poker without a full deck. Not all of the homes I list will sell. A few years back getting a listing almost guaranteed a paycheck, and no agent would admit that they can't sell every listing. Today, the only guarantee is that listings will generate expenses, and sometimes we need to say no to a potential seller. Preapproved buyers used to get loans. These days a buyer can be preapproved until the rules, or "guidelines" as the underwriters call them, are changed. Homes used to appraise for just about whatever amount a buyer offered. That's no longer true as homes now appraise below the asking price. Buyers still use ...
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