Wednesday, February 1, 2017 / by Anthony Alfano
Every year, a very small portion of brave and misguided homeowners try to sell their homes themselves, without the help of a real estate agent. Why would anyone try to sell their home as a FSBO (For Sale By Owner)? Unless they happen to be a real estate attorney, there is only one likely motive: to try and save money.
After all, a typical full real estate commission is 6%, with 3% going to the buyer’s agent and 3% paid to the seller.
“Isn’t 6% of the sales price a whole lot to give up when selling my house?” their thinking usually goes, and rightfully so.
But remember that when listing FSBO, homeowners still need to pay a buyer’s commission of 3%. If they don’t offer a commission for the buyer’s realtor, no one will ever show the home or do business with them.
But maybe they'll just find a buyer that doesn't want to use a real estate agent, so they won't have to pay their commission? Wrong. The vast majority of buyers use ...
Tuesday, December 13, 2016 / by Anthony Alfano
We don’t have to look far for good news about the real estate market these days, but a recent report shines an even more positive light on forecasted home prices in Sacramento in the coming year.
According to Realtor.com’s annual report on the residential real estate markets they believe will be the hottest in the coming year, Sacramento distinguished itself, once again. In fact, Realtor.com Chief Economist Jonathan Smoke projects Sacramento to be the fourth hottest residential real estate market in the entire country in 2017, with anticipated appreciation rates of 7.2%. Additionally, the report by Realtor.com’s economic analysts predicts that sale volume will also be up 4.9% in 2017.
That follows up on a stellar year for real estate in Sacramento in 2016. Interestingly, a year ago, Sacramento was also ranked #4 in the nation for projected real estate price and sales growth in 2016, making Sacramento the only metropolitan statistical area t ...