There are several different types of listing contracts, but very few of them are used. The “Exclusive Right to Sell” is the most common, but there is the “open listing,” the “exclusive agency listing,” and the “one-time show.” The “open listing” is mostly used by people trying to sell their home ‘by owner’ who are [...]
It’s not new news that the housing market is in a crash. Though house prices continue to fall in many locations, prices are still dangerously high compared to incomes and rents. Banks say a safe mortgage is a maximum of 3 times the buyer’s annual income with 20% down payment. Landlords say a safe price [...]
Fairfax County, VA. In 2008, the residential real estate market experienced a decline due in part to the over supply of homes for sale. This led to lower sale prices in many neighborhoods. In 2009, the market continued a decline but at a much slower rate. As of January 1, 2010, the real estate market changed [...]
Real estate agents probably have one huge beef when it comes to home owners putting their properties on the market – their unrealistic expectations when it comes to selling prices. If the home owner can’t at least value their home for what they paid for it, it is the real estate agent’s, or the appraiser’s [...]
There are some real estate commentators who advise that knowing the market is an essential part of home buying. Is it really? The answer really depends on why you’re in the market and whether you are looking for a particular suburb or just a city or town. Knowing the market is obviously important if you’re [...]
