May 7, 2019 by rszxcvb
Non-competition and non-solicitation agreements are designed to protect employers from unfair competition by a former employee, and they are no longer just for CEOs and other highly paid professionals.
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Non-compete and non-solicitation agreements are now being used for lower-wage employees such as janitors, sandwich makers and hair stylists. One out of every five workers in the United States, or approximately 30 million people, are bound by non-compete and non-solicitation agreements, according to recent surveys. Approximately 15% of U.S. workers with earnings of less than $40,000 per year also report having a non-compete.
A seller’s market is when there are more home buyers than sellers—meaning demand outpaces the supply of homes for sale. As a result, home buyers in a seller’s market face a tough challenge: Due to increased competition, they often have to act fast and bid high to woo sellers into accepting their offer, says Seth Lejeune, a real estate agent with Berkshire Hathaway in Malvern, PA.
Looking at a couple of key factors can help you determine whether you’re in a seller’s market, Lejeune says, starting with the average days on market.
A good rule of thumb: “If houses are selling in your neighborhood in less than 10 days, it’s a strong seller’s market,” Lejeune says. You can find what the average days on market is in your city using Local Market Trends tool.
You’ll also want to evaluate what homes are selling for compared with their list price. In a strong seller’s market, Lejeune says, the final sales price is typically at least 10% higher than the asking price.
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