One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent. In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that: “FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added) Why would FSBOs
There are many benefits to homeownership. One of the top benefits is being able to protect yourself from rising rents by locking in your housing cost for the life of your mortgage. Don’t Become Trapped A recent article by ConsumerAffairs addressed the continuous rise in rents, stating: “The cost of putting a roof over your head continues to go up. Not only are home prices still rising, but the cost of rent rose 0.5% in June.” Additionally, in the Joint Center for Housing Studies at Harvard University’s 2017 State of the Nation’s Housing Report, it was revealed that, “Despite a slight improvement from 2014, fully one-third of US households paid more than 30 percent of their incomes for housin
Impactful Real Estate News YOUR Life Matters In the news right now there are crazy things going on. Protests, police getting shot, politics with heated rhetoric, seems daily news breaks that breaks hearts. Black Lives Matter, Blue Lives Matter, All Lives Matter shouts one group or another. It is difficult to absorb and much of it dividing. I took the opportunity last week at our company’s daily morning meeting to make sure everyone on our Team was aware of our mission statement. To sum it up for you here in this month’s Homeward Bound: Your Life Matters. We get up each day and approach work and life with a mission of putting OTHERS first. We go above and beyond to make sure our clients kno
