What is FSBO?
Learn the benefits of FSBO and just how you can find out how to sell your house without a realtor. There are more benefits than just keeping the commission money in your pocket, this informative article will tell you more of them. PollPopularArchiveMay 2007 (20)April 2007 (14)March 2007 (6)February 2007 (9) |
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| 23 February 2007 |
Category: News |
The real estate boom in the United States over the past few years was felt extremely in South Florida. The market exploded there with the turn of the millennium, and some areas shot up in value from 200 to 250 percent. The boom not only shifted the values of the homes up, but also allowed the economic platform in the area to change with it, including new businesses opening up, which opened up new job opportunities, which subsequently allowed more money to be made.
But now that the boom has ended, and the sales are slowing down in the area, along with the tapering off of rising housing prices, where does that leave South Florida in the way of not only the real estate market, but the economy as a whole? Turnaround on houses that used to take a week now are sitting for months unsold.
As many different areas around the United States have gone through, there has been an amount of over construction in the South Florida area. This has led to a greater supply over the demand, and this may cause some bankruptcies with home builders who cannot sell what they have built, and even some banks around the area.
Even in the downturn of the real estate market, speculators are hopeful that they can score some good housing bargains on properties, and are securing funds to do just that. However, these investors are staying away from areas like downtown Miami because of the abundance of investors in that area. Over the next year or so, as the market corrects itself and begins a normal pace, we will see just how the market affects the area of South Florida economically. |
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Views: 246 | 
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| 23 February 2007 |
Category: News |
The Austin Board of Realtors was recently cited by the FTC for how they run their multiple listing service, stating that a policy by the Board to bar certain homes from search engines on the web are against federal antitrust laws.
In the spring of 2005, the Board made a rule that only listings on the MLS with exclusive right to sell agreement would be able to be made publicly searchable. This rule basically provides the seller's real estate agent with a commission regardless of how the buyer was lined up, either through the seller's means or the agent's means. Since the MLS in Austin is the top company in the market, this makes it nearly impossible for sellers to get listed without being held back by the right to sell agreement.
The FTC unanimously voted against this rule change, and came up with a settlement agreement that requires the Board of Realtors in Austin to remove this rule out of their policy, or they would have to pay out a fine of $11,000 for each subsequent infraction.
The FTC also reported that they are looking into other cities with similar MLS rules to try and get those reversed as well, but currently do not have a list of targets. |
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Views: 258 |
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| 23 February 2007 |
Category: Guides |
Figuring out which homeowner's insurance you need when buying new homeowner's insurance, or restructuring your policy, can be difficult if you don't know the facts about the different types of homeowner's insurance policies out there. Each policy has different variables than the other, so being able to compare and contrast what each homeowner's insurance policy has to offer is an essential tool to helping you choose the right one.
Homeowner's insurance policies generally cover property loss when a burglary occurs, but there are differences in the payout depending on what policy you have, such as if they subtract for depreciation or not. Also, rebuilding costs due to fire are required to be covered 100%, but before 1990, it was not a requirement. That's why it's important to know the facts about the different policies out there, and here's a brief explanation of each one. |
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Views: 793 |
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| 23 February 2007 |
Category: Guides |
When selling your home by yourself, not only do you have to think like a real estate agent in terms of how well you need to present your house, and how to get what you're desiring in the way of a sale, but you also need to think like a home security specialist in order to protect yourself and your valuables from unwanted intruders looking to prey on home sellers. |
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Views: 224 |
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| 15 February 2007 |
Category: Articles |
If you’ve ever sold a home, or even thought about selling your home, then you probably know the dilemma. Hire an agent and give up 6% of your hard earned home equity??? Or do you try to save money by doing it yourself, even with the mortgage payment clock ticking?
Maybe you have an aunt Mary, or an uncle Jack, and so the choice is a simple matter of family politics. Or a high school buddy, who you once promised that if you ever sold your house you would give them a call. |
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Views: 332 |
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| 15 February 2007 |
Category: Articles |
Simple guide from financial experts, you should not refinance your house unless the market rates are approximately two percent below your original mortgage lock in rate. But, there are many re-financiers take advantage of one and a half or even one and a quarter percent differences in the refinancing rate. It may be worth if the principal of your loan is high, relative to the costs of refinancing. Let consider some of the scenarios in which it's wise to refinance your house |
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Views: 274 |
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| 15 February 2007 |
Category: Articles |
Job cuts in the mortgage industry go hand-in-hand with decreased home buying and building numbers. With many companies trying to adjust to the stalling market, jobs seem to be dwindling. Wells Fargo Home Mortgage, for instance, has eliminated several positions from across the country this year. The company has not specified exact numbers, but said that some employees not needed in the mortgage sector have been transfered to other business lines. “Our long-standing commitment is to retain as much talent as we can,” said Lynn Greenwood, a senior vice president for Wells Fargo. Industry experts say that job cuts are unavoidable in a slowing market. Most analysts predict that there will be more cuts in the coming months. |
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Views: 373 |
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| 15 February 2007 |
Category: Articles |
With so many new real estate tools at ready disposal, it’s no wonder that many sellers elect to avoid the cost of an agent by attempting to sell their own properties. You have seen the signs, For Sale By Owner (FSBO), and indeed this may be an attractive alternate method of selling your home. An agent’s commission is among the largest expenses involved in real estate transactions — usually in the neighborhood of 6%. This is not an unreasonable sum, considering the degree of expertise and assurance a real estate agent can provide. Still, many savvy investors see an agent as just another roadblock on the path to financial success. They choose instead to plug themselves into the system, in order to maximize their profits. Here are some things to consider |
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Views: 412 |
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| 15 February 2007 |
Category: Articles |
According to the California Association of Realtors (one of the country's largest realty trade organizations) in a recently released report, "Nearly 80% of all first-time homebuyers used the Internet as a significant part of the home buying process..." This report hammers home the importance of using the Internet to secure a buyer for your home. The report goes on to say that Internet buyers conducted more research when they began their home buying process. Further, it provided some interesting statistics: |
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Views: 384 |
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