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. See 5 common mistakes for sale by owners make in 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…

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lower mortgage rate

Lower mortgage rate: not rocket surgery

At first it seems pretty simple: If you want a lower mortgage rate, you just check a few rate sheets, and the job is done and over. That sounds good, but the reality is that such an approach is likely to leave a lot of money on the table. Your money.

Homes for Sale in Davenport FL -  How do I see today's "real" mortgage rates?

The problem with looking at interest rates alone is that a mortgage is a piece of complex financial engineering. It has a number of moving parts. If the interest rate is all you check, you could miss higher costs elsewhere in the transaction. If you really want to find lower rates, you have to look at more than the big type.

Mortgage rates

First, we have the plain and…

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start a business with home equity

Getting started

If you want to start a business, it helps if you own your home. That's because business financing is often hard to come by, requires a lot of hoop-jumping, and can be very expensive. Financing a business with home equity can be easier and much less costly.

Homes for Sale in Davenport FL

What the research found

New data show that more people use home equity as a source of startup capital than you’d think. One option is a home equity loan (HELOAN), which (usually) has a fixed rate, loan amount and repayment schedule. It's also called a "second mortgage."

How to get a mortgage approval when your business doesn't look good on paper

Another option is a home equity line of credit (HELOC). It has a variable rate that you can…

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58% Of Homeowners See A Drop In Home Values Coming

According to the recently released Modern Home buyer Survey from ValueInsured, 58 percent of homeowners think there will be a “housing bubble and price correction” within the next 2 years.

(Homes For Sale in Davenport FL)

After what transpired just ten years ago, we can understand the concern Americans have about the current increase in home prices. However, this market has very little in common with what happened last decade.

The two major causes of the housing crash were:

  1. A vast oversupply of housing inventory caused by home builders building at a pace that far exceeded historical norms.
  2. Lending standards that were so relaxed that unqualified buyers could easily obtain…

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When a homeowner decides to sell their house in Central Florida, they obviously want the best possible price for it with the least amount of hassles along the way. However, for the vast majority of sellers, the most important result is actually getting their homes sold.

In order to accomplish all three goals, a seller should realize the importance of using a real estate professional. We realize that technology has changed the purchaser’s behavior during the home buying process. According to the National Association of Realtors’ 2016 Profile of Home Buyers & Sellers, the first step that “…44% of recent buyers took in the home buying process was to look online at properties for sale.”

However, the report also revealed that 96% of buyers who used…

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We previously informed you about a study conducted by TransUnion titled, “The Bubble, the Burst and Now – What Happened to the Consumer?” The study revealed that 1.5 million homeowners who were negatively impacted by the housing crisis could re-enter the housing market between 2016-2019.

(Homes For Sale in Davenport FL)

Recently, HousingWire analyzed data from the US Bankruptcy Courts and revealed that 6 million Americans will have their bankruptcies disappear off their credit reports over the next five years and that this could “possibly send a flood of more homebuyers into the housing market.”

The chart below shows the total number of bankruptcies filed by year in the US over the last 10 years. The light blue bars represent over 3.3 million…

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By Trulia   

It’s your money. Why not try to keep as much of it as you can?

Where does 6% of your home sale go? A lot of different places …

Working with a real estate agent in Davenport FL, is par for the course when buying or selling a home, so it’s good to know how they get paid for their real estate commission, what specific duties they should or shouldn’t be involved in, and their role in helping you into the home and neighborhood that best suits your lifestyle.

Typically, a real estate agent is paid on commission based on a home’s sale price. (In certain cases, their commission is a flat fee.) When a commission is based on a percentage, the agents get 6%— split between the buyer’s agent and the seller’s agent—and always…

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Contradicting previous research, new study finds FSBOs sell at discount

Key Takeaways

Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis.

Academic research has often cast doubt on the value of real estate agents, but a new study will come as music to their ears. It suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or take the FSBO (for-sale-by-owner) route. That’s because agents tend to achieve higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee, according to an analysis released by automated valuation model (AVM) provider Collateral…

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Many young people are beginning to enter the next stages of their lives, and those stages can include more permanent jobs, children, marriage, and even home ownership. While many millennials are hesitant to consider buying or building a home, now may be the best time to break into the housing market. Click here to find a home in Davenport FL.

Here are just a few reasons that now is the best opportunity for millennials to shop in high-value areas, such as real estate in San Diego, CA, for example. No time is too early when it comes to establishing a future for yourself, and the future has never looked brighter for young people to begin buying homes.

  • The price of rentals is rising…and rising! It’s becoming harder and harder for people to afford…

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For Rent Three BHBy now you’ve probably heard of the huge business deal that closed in the single-family rental (SFR) market last week. If not—Invitation Homes and Starwood Waypoint Homes, two of the largest SFR landlords merged. It was a $4.3 billion dollar deal with a combined 82,000 homes in 17 metro areas. Pocket change, right?

The merger brought up important questions among homebuyers and renters, especially considering the Wall Street Journal described the deal as one that will no longer make homeownership essential to the American dream as more consumers choose to rent. According to the Urban Institute, the trend of consumers switching to renting will continue as more people delay marriage and children until their thirties, but that doesn’t mean that Americans…

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