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Home For Sale by owner - Save money
12 March 09 11:52 PM | Elena & Kirill Gorbounov(a) | 5 Comments   
Throw caution to the wayside - go it alone! You are smart enough and you know it all ... you saw what your friend down the street sold his/her house for last year and you need all the money you can get! Simply place an add in the Post or on Craigslist and the buyer will be there! You know you can get the highest price, market the property, schedule and show, screen the offers, and do all the legal paperwork. According to NAR's 2006 Profile of Home Buyers and Sellers: 1) "40% of FSBO's sold the home to someone they knew prior to the transaction". 2) "Homes sold with the help of a real estate professional in 2006 sold on average for 32 percent more than FSBO sales. The median FSBO selling price in 2006 was $187,200, compared with $247,000 for agent-assisted transactions." There must be a hidden secret as to why the vast majority of all Real Estate is sold by Real Estate Agents - they must be bringing value! PS Buyer has to consider many items to proceed with a FSBO without the assistance of a REALTOR ... inspections, paperwork, title transfer (clowds), fees, etc. Read More...
Affordability. Timing the market. Is it the Right time?
20 February 09 01:57 AM | Elena & Kirill Gorbounov(a) | 0 Comments   
National Association of Realtors (NAR) data shows that home affordability index (HAI) is at the best level in more than THIRTY years. The current HAI value of 141.8 means that a family earning the national median family income has 141.8% of the income needed to qualify for a conventional loan covering 80% of a median-priced existing single-family home!!! So, if your credit is good and you have the downpayment (can be a present) then investing in real estate is actually more viable an investment than it has been in many years! So is the right time to buy? ~Source: NAR (National Association of Realtors) Read More...
What did we do in 2009?
31 December 08 12:14 PM | Elena & Kirill Gorbounov(a) | 0 Comments   
December 31st, 2008 According to the National Association of Realtors (NAR) the average agent closes 4 transactions a year. We (Elena & Kirill) closed 49 transaction in 2008! Read More...