Showing posts with label Real Estate. Show all posts
Showing posts with label Real Estate. Show all posts

Monday, November 1, 2010

Home Sellers Using Real Estate Brokers Do Not Get A Higher Price

From Kellogg Insight, "The Superfluousness of Realtors: Homes sold through Realtors don’t garner a price premium over ones sold by owners" based on the research of Igal Hendel, Aviv Nevo And François Ortalo-Magné:
Their research spans the years 1998 to 2004, and its conclusions up-end the received wisdom passed on by real estate agents themselves, whose trade groups have in the past argued that agents’ commissions are justified by their ability to achieve a higher sale price.

“Our key finding is that Realtors do not offset the cost of their commission; they do not get you a higher price,” says Nevo. “Your cost for the Realtor is your full commission.”
The complete article is available here.

Thursday, October 7, 2010

State Foreclosure Laws Comparison Chart

RealtyTrac prepared a simple one page chart comparing foreclosure timelines and laws for each state and DC.

Clicking on a state provides additional information about the foreclosure process in that state.

The chart is available here.

Neither RealtyTrac nor myself make any claims about the accuracy of the information.