realtor: Who's going to protect our commissions now?
- 03/28/24 12:57 PM
Eliminating or even negotiating 6% commissions on real estate transactions could introduce a challenging scenario for home buyers, warns an economist. Expressing skepticism about the recent settlement, the economist hopes the presiding judge will dismiss it. A significant transformation looms over the housing market following a groundbreaking settlement by the nation's largest real estate association. This impending change is poised to revolutionize the process of buying and selling homes. However, I think that the proposed alteration could swiftly burden buyers with additional expenses. The settlement, announced by the National Association of Realtors and slated for mid-July implementation pending approval, mandates that listings on the … (2 comments)
realtor: How are we adapting our strategies to this new housing market?
- 02/15/24 01:00 PM
Americans are adjusting their financial priorities due to high interest rates and soaring home prices, causing a 15.4% year-over-year decline in existing home sales in September. Frustrated by the challenging market, potential homebuyers are delaying their searches for years, redirecting their savings towards alternative options. Some are contributing to relative's futures, with a 15% increase in savings accounts. Others are opting in investing in home renovations, as homeowners spent $489 billion on improvements in the past 12 months, contributing to increased overall spending in the U.S. The unaffordability of the housing market is reshaping people's definitions of success, leading them to focus … (2 comments)
realtor: How can foreign investors avoid U.S. tax exposure
- 04/17/23 08:39 AM
The Florida real estate market has exploded over the past few years. Most investors are foreign, and Florida is one of their favorite destinations, followed by California and Texas. Foreign investors are attracted to Florida's real estate market due to its favorable climate, attractive beaches, strong rental demand, and potential for capital appreciation. Additionally, Florida's lack of state income tax and relatively low property taxes compared to other states can make it an attractive investment destination for foreign buyers. It's worth noting that investing in real estate in a foreign country can be complex, and foreign investors should consider consulting with a qualified … (2 comments)
realtor: How to buy a home
- 06/09/16 11:55 PM
1. You need to have an established credit score. The reports are handled by the main credit agencies known as TransUnion, Equifax and Experian. They act as a proof as to whether you are a late payer or not. They calculate your credit score which is your access key to the best interest rates or even to financing. 2. Your budget has to be set. It is important to be aware of what you can afford. Online calculators do exist for that purpose. You can also ask a lender who will look into details at your debt , credit and income, thus … (2 comments)
Eliminating or even negotiating 6% commissions on real estate transactions could introduce a challenging scenario for home buyers, warns an economist.
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