Common Problems With Some Quick Answers
How do you become a real estate agent? What's a reverse mortgage? Answers to the most frequently asked personal finance and real estate questions.
Mistakes Home Sellers Make
Selling is tougher than it seems. Even in a hot market, there are homes that don't sell for one reason or another. As a seller, if you make certain mistakes you could find yourself carrying two mortgages, or giving your home away for more than it's worth, or watching your house sit on the market for months on end.
Homes That Aren’t Selling No Matter Where They’re Located
This year, the National Association of Realtors predicts there will be as many as 4.8 million existing homes sold for a third record year in a row. Home prices are rising rapidly in many places in the country, but there are places where homes aren't selling. Here are some suggestions for sellers whose homes aren't selling with the rest of the market.
Seller’s Bill Of Rights
With low interest rates and a hot real estate market, homes are selling in a matter of minutes. In a seller's market, it's easy to forget who is supposed to be running the show. Since the spring market looks like it will continue to be red hot for sellers, here's a sellers bill of rights so that all sellers know where they stand and what they should expect.
Looking At A Seller’s Closing Costs
When it comes to closing costs, home sellers usually get stuck. If home buyers choose a no-point, no-fee loan, they can eliminate most of their closing costs. On the other hand, sellers typically start by paying a broker's commission, and by the time they're done calculating the costs and fees, can see as much as 8 percent of their sales price slide away.