Understand the past, believe in the future!
Many groups give out real estate related information on a regular basis. Looking short term can get you confused and riled with no consistency. Longer term, things come into focus. Todays information shows:
1. Commerce Department announced January housing starts increased 2.8 percent to a seasonally adjusted annual rate of 591,000 units.
2. The Commerce Department also said New building permits, which give a sense of future home construction, fell 4.9 percent to 621,000 units.
3. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity decreased 2.1 percent to 600.5 for the week.
Know the past so you don’t make the same mistakes, trust the future with more knowledge & experience.
February 22nd, 2010 at 4:36 pm
Scam, A gentleman from london england with a nigerian accent showed interest in my property. lots of emails and phone call. he sent 20,000.00$ check that was a cashiers check which is no good it looks real but is not, he want 10% sent back to him. If this happens go to the bank and have them verify it, the check is no good and if i sent him 2,000.00 back he would have had my money, dont be scammed
fsbo customer
February 26th, 2010 at 8:07 am
Hi,
I am wondering about the statistics for the number of FSBO’s in the market compared to those listed with a traditional real estate agency. It looks like Consumer Reports reported that FSBO’s made up less than 1% of the overall market in 2008, but I am seeing other “national statistics” as high as 20%.
After feeling a little agent-exploited when we bought our first home, I sold it by-owner a couple of years later. Recently, I chose to buy a home without an agent, because the process seemed clearer without involving the middle-man interests of a buyer’s agent.
Just looking at signs around my own town, I’d guess the number to be somewhere in the middle. Do you have any suggested resources for reliable information on this? Do you see the FSBO trend increasing?
March 1st, 2010 at 10:58 pm
its super easy to sell a house by yourself been there done that!
good luck everyone!!
March 5th, 2010 at 9:58 am
The trend for the past five years is away from Full Service Agents.
FSBOs accounted for 13% of home sales in 2008.
Flat fee mls accounted for 10% in 2008
2009 both totaled over 25%
FSBO Methods Used to Market Home:
Listing on Internet/FSBO website: 45%
Yard sign . . . 42%
Friends/neighbors . . . 33%
Newspaper ad . . . 22%
Open house . . . 18%
May 12th, 2010 at 8:26 pm
It awesome to stumble on a little additional knowledge for doing renovations (or dreaming about it). If you want a few professional tips, I also recommend visiting Masterrenovator.com, he has very good info for things that can keep you out of trouble.
June 15th, 2010 at 3:56 am
Does it even matter what the trends are? Most people only need to be aware of what’s happening in their area now. The biggest mistake people have made in the past was banking on the future by paying toomuch for a house asuming the market would catch up or buy not selling because they think waiting will get them more money.
While we all like to make a nice profit on our home the truth is that your house is not an asset it’s your biggest liability. Buy and sell as you need to, like you would a car.
July 16th, 2010 at 3:10 pm
With a little help from the FSBO sites is very simple and inexpensive to sell your property.