for sale by owner: Your Home is an Investment ... but so much More
- 02/22/09 07:39 AM
In all of this talk of foreclosures, bailouts, short sales and refinancing, what is sometimes lost is that money spent buying real estate is an investment, and, like any investment,its value can go up or down. Why is the prospect of losing our homes so damaging to our economy but even more devastating to our national psyche? Stock prices plummet and you lose money. You knew the risk ... or should have. It may break the bank but it doesn't break your heart. Homes are different. A home is the only investment most Americans make which keeps them warm at night. … (1 comments)
for sale by owner: For sale by owner (FSBOs): Providing info is the best approach.
- 02/12/09 04:52 AM
In today's tough economy, homeowners who have lost equity in their homes as a result of declining values may feel the only way to salvage what is left of their equity is to sell the home themselves and pocket what they would otherwise pay in commission. As real estate agents, we meet those who are considering selling "by owner" frequently. In my experience, providing them helpful information is more effective than arguing against going FSBO. Most often, if they try selling by owner, they begin to experience exactly what I have told them and wind up calling me. Here are some … (1 comments)
Articles and Discussion about Grand Rapids and West Michigan Real Estate, Preparing Homes for Sale, Choosing a Realtor, Information about Grand Rapids Area Schools.
In all of this talk of foreclosures, bailouts, short sales and refinancing, what is sometimes lost is that money spent buying real estate is an investment, and, like any investment,its value can go up or down. Why is the prospect of losing our homes so damaging to our economy but even more devastating to our national psyche?
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