For Sale by Owner/MLS Listings

Homeowners are beginning to take the sale of their home into their own hands and save a substantial amount of money in the process. For Sale By Owner (FSBO) signs are popping up everywhere because it can save a seller thousands of dollars and some bouts of anxiety too. The truth is that selling your home is not as difficult as it once was a decade ago before homebuyers discovered the Internet and shopped online. Reozom.com reports that in 2016, 44 percent of homeowners shopped online first when buying a home. That is good news for home sellers who want to save money. Continue reading

FSBO/For Sale By Owner FAQ

What are For Sale by Owner homes?

A For Sale By Owner or FSBO is a home that is listed for sale without a real estate agent. Most homeowners who choose to do a FSBO do so to save money because there is no real estate agent commission. While commissions can vary, they usually account for 6% of the home’s sales price. This fee is split between the listing agent and buyer’s agent.

Can For Sale by Owner list on MLS?

The MLS or multiple listing service is the foundation of the real estate market. It’s a massive database of home listings with about 700 regional databases. Every regional MLS has its own listings and real estate agents pay dues to access the MLS and post homes. Many websites you will see that list homes for sale actually aggregate home listings through condensed versions of MLS listings. Continue reading

Realtor FAQ – All About Realtors

Real estate agent - Realtor

Please note: This article is provided for helpful purposes but should not be considered legal advice.

One of the most important decisions you have to make after deciding to buy or sell a home is hiring a realtor to help you through that process, which includes listing the property, advertising it, arranging for open houses, showings, inspections and closing the sale.

Below are some common questions when considering employing an agent:

Are realtors self-employed?

Licensed real estate agents are considered statutory non-employees by the Internal Revenue Service are treated as self-employed when it comes to federal tax purposes as long payments for their services are substantially related to sales or other output versus the number of hours they actually work.

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Zillow FAQ

When shopping for a house to buy, there are many different online tools to choose from. One tool that can provide you with a lot of information about homes that are available for sale is Zillow, which an online real estate database that was first established in 2006. Below are several frequently asked questions and answers that will give you more insight into Zillow and how it works.

Are Zillow Zestimates Accurate?

When looking for properties on Zillow, the majority or properties in the database will have a “Zestimate”, which is a real estate estimate provided by the Zillow database. Overall, the Zillow estimates are considered to be fairly accurate as they take into consideration recent sales and other listings for comps in the local market as well as tax records. However, the value accuracy is only as good as the information available. If the information on the home, such as the square footage, number of bathrooms, etc. is wrong, the Zestimate will be less accurate as well. Continue reading