Tuesday, June 11, 2019 / by Ben Pickthorn
One of the main reasons why For Sale By Owners (FSBOs) don’t use a real estate agent is because they believe they will save the commission an agent charges for getting their house on the market and selling it. A new study by Collateral Analytics, however, reveals that FSBOs don’t actually save anything, and in some cases may be costing themselves more, by not listing with an agent.
In the study, they analyzed home sales in a variety of markets in 2016 and the first half of 2017. The data showed that:
“FSBOs tend to sell for lower prices than comparable home sales, and in many cases below the average differential represented by the prevailing commission rate.” (emphasis added)
Why would FSBOs net less money than if they used an agent?
The study makes several suggestions:
“There could be systematic bias on the buyer side as well. FSBO sales might attract more strategic buyers than MLS sales, par. ...
Monday, October 1, 2018 / by Ben Pickthorn
PORTLAND OREGON REAL ESTATE MARKET UPDATE / September 2018
Not sure what the newest updates are for the local Portland Real Estate Market? Watch this video to learn exactly what is going on in your local real estate market.
In this season of the Portland housing market, you will see that inventory has been rising all year. The number of months of inventory is at 2.4 months. That is the highest number of months inventory for real estate in the metro Portland market than we have seen in the past 3 years. The marketing changing.
We are at the end of this upward trend. Typically the market will go up for about 7 years. Right now we are at 10 years. What goes up, must come down. Prepare yourself for a shift in the market.
Homes are appreciating by 6%. But what’s going to happen moving forward? Inventory levels are increasing, listings coming on the market are increasing, pending sales are decreasing and closed sales a decreasing as well. That is a true sign that the market ie ...
Thursday, June 21, 2018 / by Ben Pickthorn
PORTLAND OREGON REAL ESTATE MARKET UPDATE
Not sure what the newest updates are in the local Portland real estate market lately? Watch this video to learn what's going on in your local real estate market.
In the season that the market is in as of June 2018 you will start to see inventory go up, closings go up, and home sale pending's go up as well. All these things will be talked about throughout the video to give you a better idea.
I wanted to share this market update because it is important to be in the know when you are considering buying or selling a home.
Don't forget to check out the rest of the Green Group channel. Now you know where the market is at, you are able to learn the best tools and tips of what goes into buying and selling your home.
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