Real Estate Insider Blog

Showing 1-2 of 2 articles.
16
Aug
2017

Agents sell homes for more than FSBOs: study

Agents sell homes for more than FSBOs: study

  • Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis.

Academic research has often cast doubt on the value of real estate agents, but a new study will come as music to their ears.

It suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or take the FSBO (for-sale-by-owner) route.

That’s because agents tend to achieve higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee, according to an analysis released by automated valuation model (AVM) provider Collateral Analytics.

This makes a strong case for hiring an agent, considering that agents allow homeowners to reduce the work, risk, and time of selling a home, said Dr. Michael Sklarz, the CEO of Collateral Analytics and a co-author of the study.

“Overall it is clear that FSBOs have a low probability of selling, and if they do they will likely net the same or less after closing issues, plus they are more likely to screw up on disclosures which may lead to lawsuits after the fact, when buyers discover material facts not disclosed,” added Norman Miller, who produced the study with Sklarz and is a real estate professor at the University of San Diego.

View Full Article

Posted Under:


03
Aug
2017

DOES YOUR AGENT HAVE YOUR VISION IN MIND?

By David Brothers


I've lived in the Tampa Bay area for 54 years, 41 of those in Clearwater and Largo.  Over time, I've owned, bought and sold multiple residential properties and watched my parents do the same.  I've dealt with numerous real estate agents as both a buyer and a seller, and I've yet to meet one I haven't liked.  Even the one I fired.  Seriously. 

That said, I have met a few who didn't inspire me much, and that has concerned me much more as a seller than as a buyer.  All the backslap-how-ya-doin' hug-smile-grin and lightening-rod enthusiasm in the world can't replace vision.  Agents sometimes complain that some buyers don't have much vision.  And they're right, but they could help.

Let's face it, we’ve all viewed a listing online that initially appears to be exactly what we're looking for only to find that the photography was way better than the actual colors.  Many realtors will offer a generic suggestion that perhaps a new paint job or changing out the carpet would “spruce things up.”  There we stand, struggling to suppress at least a healthy eye-roll.  Are they kidding?  How obvious is it that new paint would dramatically change things?  Why can't I be offered more “practical advice” that I could actually use to help me decide whether this home is an option for me or not?

What could seem like a minor...

View Full Article

Posted Under:


Back 1 Next
Articles Per Page:

Best Home Buying Guide for the Clearwater Area

In this free eBook we'll discuss:

  • Mortgage Loans
  • Home Inspections
  • Benefits of Home Ownership
  • Tax Breaks and write offs
  • Total Monthly Costs
  • Down payment needed
  • How to submit an offer
  • Best schools & safest areas
Get the eBook now!
Error Submitting Form:
Processing, please wait.