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Why Would a Property Be No Longer On the Market?
Why Would a Property Be No Longer On the Market?
When a property that you had your eye on for a while suddenly disappears from market listings, you’re probably wondering: why would a property be no longer on the market? Initial thoughts might center around the fact that someone probably got to it before you and swooped down on the offer. This might be a … Read more
Are Old Houses Worth Buying?
Are Old Houses Worth Buying?
There are a significant number of great, old houses in the US. While there are emerging new construction sites in many areas, you might think all homebuyers would go for newer houses over older homes. However; many homebuyers actually go for older houses. This is an interesting fact that might make you feel curious: are … Read more
Is It Good to Buy a House For Sale By Owner?
Is It Good to Buy a House For Sale By Owner?
When setting out to buy a home, most people wouldn’t think of buying a house directly from the owner. However; there’s a significant number of homes that are listed as For Sale by Owner (FSBO) in the real estate market. So, it is very likely you´ll come across one in your while trying to buy … Read more
Is Redfin Really Cheaper?
Is Redfin Really Cheaper?
Home sellers in the US generally explore different options in a bid to evade the traditional realtor’s commission, which is 6% on average. Think of the top largest low commission real estate companies in the U.S, Redfin ranks high on the list. Hence, Redfin is one of the most popular home search websites and apps in the … Read more
Do Sellers Pay 6%?
Do Sellers Pay 6%?
Selling your home usually involves engaging the services of a realtor. These are the property sales gurus who know the market and can walk you through the entire process. Realtors charge a commission for the services, which is typically a 6% that comes out of the final selling price. However; there’s often a debate regarding … Read more
Which Real Estate Company Has the Best Commission Split?
Which Real Estate Company Has the Best Commission Split?
Like many sales positions, realtors and agents rely on commissions for a living. However, not all commission splits favor clients. It’s informative to know which real estate company has the best commission split for homebuyers and sellers, so you’ll know which commission model to choose to maximize property earnings. Which Real Estate Company Has the … Read more
What Percentage Do Most Realtors Charge?
What Percentage Do Most Realtors Charge?
With agents making money through commissions, what percentage do most realtors charge? To better understand, let’s go over the process of how realtors get paid and how they come up with commission percentages. What Percentage Do Most Realtors Charge? On average, realtors charge a 6% commission fee of a property’s sale price. While the exact … Read more
Who Sets Real Estate Commission Rates?
Who Sets Real Estate Commission Rates?
Commissions are among the most debatable factors in real estate, which begs the question, who sets real estate commission rates? For this reason, it’s crucial to understand who determines commission charges so that you know how much to pay and score the best value service for your property. Who Sets Real Estate Commission Rates? While … Read more
Is It Normal For the Buyer to Pay Closing Costs?
Is It Normal For the Buyer to Pay Closing Costs?
While purchasing a property, buyers often incur additional charges called closing costs. These include paying any remaining mortgage fees or taxes owed to complete the sale and deed transfer from one party to another. These aren’t typically included in the listed price, so these might come as extremely surprising if you were unaware beforehand. Is … Read more
Are Real Estate Commissions Deductible From Capital Gains?
Are Real Estate Commissions Deductible From Capital Gains?
More and more people put up properties for sale these days, and they are required to pay a commission. As with any average person, you want to minimize costs when selling property so that you make as much capital gains as possible while minimizing the total tax burden. So, is there a way to get … Read more
