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Financing Category

Real Estate Agent vs. For Sale By Owner

February 23rd, 2016 Written By Carol Pawley

With recent advancements in technology, virtually any service is available online at the click of a finger. Websites such as Zillow and Trulia allow future homebuyers and sellers to post their homes quickly and easily. In fact, the president of ForSaleByOwner.com said that in the first quarter of 2015, website traffic had increased by over 200% when compared with the same time period the year before. Then why do so many homebuyers continue to use a realtor and pay an additional 6% commission fee? Lets have a look.

  1.  Better Prices! Real Estate Agents have experience in negotiating competitive prices and have the necessary resources to effectively market your home to achieve the highest selling price. Realtors firmly believe they will help you find the right home at the best price possible, and in 2013, the National Association of Realtors Buyer’s and Seller’s Profile showed the average FSBO home sold for $174,900, while the average home sold with a realtor sold for $215,000. That’s a difference of $40,100!
  2. Access to Qualified Buyers! A good broker will do the background work to ensure that potential buyers are qualified and have sufficient funds to purchase your home. This expertise lowers the chances of the deal breaking down at the end stages of the process. Also, an element of trust is involved when buying a home directly, as not all potential buyers or owners are honest when dealing directly with each other.
  3. Save Time! Time spent during inspections, finding a qualified buyer, and even initially during staging or marketing of a home can be saved by using the skill set of a Real Estate Agent. The value of a home can change quickly depending on the market trend at that moment, and it is essential to list and sell your home when you can benefit the most.

Purchasing a home is often an emotional process, and an important part of the sale is creating an image of the future lifestyle of the homebuyers through photography and virtual tours. Whether FSBO or working through a realtor best suits your needs depends on the situation. But, if you are looking for an experienced Real Estate Agent to help you navigate the market, I can help!

fsbo

 

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Why 2016 Is A Good time To Buy

December 10th, 2015 Written By Carol Pawley

coconutgrovenew

If you are undecided about buying a home, 2016 may be the year to take action.

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Competing with All-Cash Buyers?

June 15th, 2014 Written By Carol Pawley

Trade with money and key

Market Watch offers these tips for borrowers in all-cash markets like Miami

  • Be patient: Some all-cash buyers and their offers can appear and disappear, especially if the buyer is overseas. Your financing-contingent​ offer still might have a shot, especially if you’re willing to put down a large down payment.
  • Realize that flexibility is an advantage: Sometimes a line of credit on another investment property, or a home-equity line of credit, can help make your offer look even better. It may not be all-cash, but more-cash is better than less-cash.
  • Know the market: Work with your real estate agent and loan officer to find sellers that are open to accepting bids with financing. 

Link to Article: http://www.marketwatch.com/story/how-to-get-a-mortgage-where-cash-is-king-2014-06-06

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