Only agents who are members of the National Association of Realtors can be called Realtors. Find data and statistics from the National Association of Realtors and learn about buying or selling a home with a Realtor. The National Association of Realtors is the largest organization in the residential real estate market.
Second Home Buyers Tend To Be Baby Boomers
Baby Boomers, those Americans born between 1946 and 1964, are hitting their prime second home-buying years. A recent study from the National Association of Realtors confirms that the most popular ages to buy second homes are from ages 55 to 65, followed by 45 to 55. Even if the second home market slows a bit, the numbers are still impressive: 78.2 million Baby Boomers who have an estimated $2 trillion in disposable income, according to the 2004 U.S. Census, and are set to inherit trillions more.
Broker Or For Sale By Owner?
When you're selling your home you have to think about whether you're going to hire a real estate broker to help you or do it yourself with a for sale by owner deal. Selling a home as a for sale by owner property tends to be less expensive, but real estate brokers offer more services. You have to weigh what you're getting for your money when deciding between a for sale by owner approach or hiring a real estate broker.
Real Estate Agent Promises To Find Job For Buyer
Be careful if a real estate agent promises to find you or your spouse a job in order to secure a home sale. If a real estate agent promises to find you a job, makes the sale and the job falls through or never existed, you may want to complain to the National Association of Realtors. A situation like this could lead to mortgage fraud, if inaccurate income is shown on a mortgage application.
Commercial Real Estate And Mortgage Websites
Ilyce has several favorite websites for financial advice on real estate and mortgages. Those websites include the consumer website for the National Association of Realtors and the Wall Street Journal's real estate website. Ilyce also has several other favorite websites for personal finance and real estate advice.
Typical First Time Home Buyer Earns $54,800
What does a typical first time home buyer look like? How many buyers use real estate agents in their transactions? How far do people move when they buy a new home? Get the answers to these questions from a survey conducted by the National Association of Realtors.
Selling Your Home Includes Landscaping, Home Improvement
Maybe you've had your home on the market for a while and it's not selling. What can you do to sell your home? Part of selling your home is improving its curb appeal with improved landscaping and home improvement projects. Brainstorm with your real estate agent for some other ideas to help sell your home.
High Home Values And Low Interest Rates
With the Federal Reserve holding interest rates low, mortgage loan rates are also low. As a result more home buyers are buying homes and demand for homes is increasing. Home values are rising but by how much depends on what region of the country you're in. Economists expect interest rates to stay low for the next year or so.
Real Estate Agents Tend To Own Homes
The National Association of Realtors released a study that provides demographic information on its members. Real estate agents tend to be female and to own their own homes. Today's real estate agents tend to have more experience than in the past. Learn more about who is a typical real estate agent.
For Sale By Owner Instead Of Real Estate Agent
When you're ready to sell your home you may debate whether to hire a real estate agent or sell the home yourself in a for sale by owner transaction. For sale by owner transactions require more work on the part of the seller but the seller can save money on the real estate agent commission, which can run 5 to 7 percent of the sale price of the home. Learn how the type of housing or real estate market affects this decision.