Economic impact of home sales

Good Afternoon Jim

Thanks for the post and information. Have a great day.

It's amazing how much the Real Estate market impacts our economy. Buying a house is certainly usually the largest purchase in a person's life. It's been a while back that I heard the somewhat the exact number, so I won't even try to repeat it, but the average real estate transaction has around (80) people involved in it either directly or indirectly. You've got the buyers, buyers agent, buyers agency, insurance company for the buyers agency (taking some risk), the sellers, the sellers agent, the sellers agency and insurance company covering the sale side for the broker, home inspector and his insurance, termite inspector and his insurance, title company - secretary, closer, searcher and their insurance company, lawyer preparing the deed, home warranty company, buyers insurance agent and agency, loan officer, mortgage company, loan processors, appraiser, radon inspector, builder perhaps and his crew, water meter reader, gas and electric getting switched, etc. and the list could go on and on. It's a wonder we can usually coordinate everything well enough to have it done in 30 days.