Year after year, the statistics show that For Sale By Owners or FSBO’s make less money year after year after year than selling with a seasoned Real Estate Agent.
Nationwide the statistics are staggering. While being the average of selling for 20% less than a Real Estate Agent with the nationwide example from a recent article from Realtor.Org, it obviously doesn’t make sense to take this much of a loss. With the exception of FSBO selling to a close friend or family member for a discount based on property not being in good condition, this would be the only exception not to do anyone else favors.
For all you out there contemplating or in the process of selling on your own, this would be the single most valuable advice you could ever read.
For a free accurate evaluation of your home, I can be reached at 619-890–3648. Thank you! John A Silva, Berkshire Hathaway, San Diego, CA.
Here’s a quick estimate on how much you should save per major expense.
Photo by 401kcalculator.org
“With interest rates going up, the cost of borrowing money to pay for major life expenses is also going up. The Federal Reserve has already raised the interest rate three times this year and will most likely raise rates again before the year is out. After years of relatively unchanging rates, it’s become more important for consumers to plan for major expenses. Planning can include researching prices, creating a budget and – most importantly – saving as much as possible to put toward the goal.
“The key to preparing for any major expense is knowing how much to save. While everyone’s financial situation is different, there are some rules of thumb to keep in mind for most major expenses.”
As a homeowner, you typically want to make the place your own by doing home improvements. But what projects are usually done? And for #MoneyMonday, we’ll look at how it’s paid for.
Projects are typically done on a large scale. Here’s what gets tackled:
43% focus on outdoor projecs
31% are bathroom remodels
28% on the unfortunate home repairs
26% done on kitchen remodels
16% narrow in on the garage
5% are about the pool
And how are they paying for it? A surprising 62% of homeowners tap into their savings! (Way to go, financially savvy owners!) For those who don’t have the cash resources, they turn to the following to cover their house project:
When you are selling or buying, the value of houses can be affected by so many things.
Of course, location and neighborhood comps affect the going price of the home, but other things you may not have thought about can affect it as well. These include: privacy, frontage length, the backyard sloping down, and more.
Be cautious of appraisals from Trulia, Redfin and Zillow.
More and more, online appraisals are becoming the way to get a value estimate on your property. Then real estate agents who are desperate for listings, will agree to over-price the listing to appease the seller, due to these online appraisals being overpriced. This typically only ends in an expired listing — or worse: sell the property below value, after reducing the price several times while the days on market pile up! Due to upgrades and repairs that can cause values to vary, a physical inspection of the property by an Realtor/agent or appraiser is necessary.
To always get the right value, all you have to do is call an experienced Real Estate Agent and or appraiser to get an estimated value closer to what the home will actually sell for — resulting in selling for top-dollar.
I am here to help you — call me now: John A Silva, 619-890-3648. 26+ Years Experience & a San Diego Native.