WSJ.com: Real Estate
Real Estate
Sweden Sells Property Firm
Sweden sold property firm Vasakronan to Fastigheter for $6.88 billion, continuing its privatization drive.
The Home Insulation Conundrum
Fiberglass or foam spray? Figuring out what kind of insulation to use in a new house turns out to be a complicated calculation.
Buying a Sense of Security for the Home
How would different security companies configure a home with a system, and what would they charge to alert the police about triggered motion sensors? Here's a look at ADT, Brink's, Monitronics and Protection One.
With Energy Rights, Money Trumps All
Financial opportunity is outweighing environmental issues for property owners swept up in a land grab by energy companies targeting gas reserves. Rights for deep drilling are fetching as much as $2,500 an acre, or more.
Finding Foreclosures, Screening Deadbeats
June Fletcher offers her take on two recently launched sites: RentBureau.com, which helps landlords screen tenants and ForeclosurePoint.com, a listing service.
IndyMac Works With U.S. Regulators
IndyMac is working with U.S. regulators on a plan to shore up the company's "safety and soundness."
Banks Are Freezing Lines of Credit
As lenders recoil from falling home prices and mortgage defaults, many have been reeling in credit lines or freezing them. If your home-equity line of credit has been frozen, and you need access to the funds, here are some tips.
Florida Files Countrywide Lawsuit
Florida filed a lawsuit against Countrywide and its chief executive, alleging the mortgage company engaged in deceptive and unfair trade practices. (Complaint)
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Selling Your Home – Alone or with a Broker? !
by: Raynor James
How do you decide whether to sell your home (or land, farm, ranch, etc.) on
your own or use a real estate broker? There are pluses and minuses to each
approach. Let’s look at some of the key ups and downs. Only you can decide which
approach has the most pluses in your situation.
Why go FSBO?
“FSBO” stands for “for sale by owner” and tells buyers you are not using a
realtor to represent you. The biggest upside to going FSBO is you save thousands
of dollars in broker commissions when you sell the property. This may seem
obvious, but the savings are very real.
The downside to going FSBO is it takes your time to market and show the
property. (You’ll need to prepare your property for sale in either case, but
that’s a whole separate topic.) You also need to be familiar with how the real
estate sales process works in your part of the country. It isn’t necessary to be
an expert; just make sure you understand what things one must generally deal
with in a real estate sales transaction.
Also, it’s important to have access to the helpers you need. Examples include a
lender who is willing to qualify your prospective buyers, someone qualified and
willing to draw the sales contract and a person or firm qualified to close your
sales transaction. Fortunately, there are many lenders and settlement offices
willing to work directly with the principals to a transaction. And, for the
brave and hopefully, very experienced, there are on-line, fill in the blank,
sales contracts.
Why use a broker?
Does the above discussion leave you feeling insecure instead of alert,
thoughtful, and excited? If so, you probably want a real estate broker to sell
your home for you.
Other instances when you may want to use a broker include:
1. Inexperience - If you have not had much experience buying and selling homes,
a broker may be the answer.
2. Local Conditions – Are you aware of the unique issues of the geographic
location? If you have bought and sold in Virginia (where termites and radon are
concerns) and you are now planning to sell the one home you’ve owned in Colorado
(where water and mineral rights might be on the discussion table), it’s possible
you may want a broker.
3. Time, Time, Time - If your profession provides for you and your family very
well, but takes up enormous amounts of your time, ditto.
4. If you have no notions about how you’d go about marketing your home using the
Internet, magazines, newspapers, bulletin boards, brochures, signs,
word-of-mouth, etc., a broker can get you the marketing exposure you need.
The Right Choice?
There is no one right choice. Only you can decide what’s best for you.
Hopefully, this look at the pros and cons will get your mental juices flowing
nicely. I hope your sale goes smoothly.
About the Author
Raynor James is with FSBOAmerica.org - sell your home online. Sellers list your home for free the first month.
This information is being brought to you by Teri Taylor. For more information on real estate, please call Teri Taylor with Keller Williams - Elite at 972-381-6066 for a free consultation.
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Forbes.com: Real Estate News
Real estate news and reports from Forbes.com
Increasingly Affordable U.S. Housing Markets
It's getting easier to pay for a home in these 10 cities.
America's Best Places To Raise A Family
Great schools, low crime and a desirable cost of living are among the qualities that make these 20 spots fine for folks and their kids.
Best And Worst Cities For Unemployment Pay
Where you live has a lot to do with how much Uncle Sam doles out.
Sponsor's Content: Power to Your People, Money in Your Pocket
Companies that enable employees to make decisions are three times more successful than competitors. Find out why.
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