Watch Byron Lazine and Nicole White give a real estate agent’s perspective on industry-related topics. In this edition of The Real Word, they’ll discuss when the market is expected to cool down, a neighbor’s listing that revealed a roaming cat and how landlords are dealing with the eviction ban.

Byron Lazine and Nicole White are two agents in Connecticut who give us their thoughts on the week’s news every Friday in “The Real Word,” a weekly video column on Inman.

With properties receiving numerous offers, people are wondering when the market will slow down. A recent CNN article reported that a fixer-upper in Washington, D.C., received a whopping 88 offers, 76 of which were all-cash and 15 of them sight-unseen.

The price it finally sold at? $460,000, a close-to 70 percent increase from its asking price of $275,000. “I don’t think I’ve heard a story that extreme,” Byron said. Although it might be an extreme and rare example of the state of the market, it’s still a reflection of today’s high levels of competition.

“I’d say this,” Byron said. “If you’re a buyer right now getting frustrated or you’re a buyer’s agent educating your buyers, you’ve got to preach some patience right now. You do not want to get caught up [in] the moment.” The duo discussed a few ways agents can help their buyers throughout the homebuying process, which is an even more emotional endeavor this year.

More this week: A cat was spotted in a neighbor’s U.K. listing photos, lounging on the bed. “That’s our bloody cat,” the cat’s owner wrote in a tweet that garnered over 327,000 likes. Here’s more on the story. (Rest assured, the cat made it home safely).

Marketeer of the week

With the extension of the eviction ban, landlords are selling properties “to recoup losses,” a CNBC article reported. But how is this the marketeer of the week? “Agents, you got to use this as an opportunity to educate landlords in your market on what their property value is,” Byron said.

Want to nominate a “marketeer of the week”? Drop your thoughts in the comments section below, or shoot us an email.

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×