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Rent v Buy
Buy vs. Rent Net Worth Comparison Over 30 Years This simple chart illustrates the difference in the net worth of an individual who buys a home versus one who rents over a 30-year period. This simple examination assumes that the renter saves the additional savings not spent on the mortgage in a high-yield savings account.…
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NAR Settlement
The National Association of REALTORS® (NAR) has recently implemented significant changes to enhance transparency and fairness in real estate transactions. These reforms, effective August 17, 2024, include mandatory written agreements between buyers and their agents before touring homes, ensuring clear communication of services and compensation. Additionally, offers of compensation are no longer listed on Multiple…
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The Real Estate Transaction Process
If you want to know more about the real estate process, Schedule a Free Consultation where I can walk through the process for you. Hhere is a very nice high level overview of the entire transaction process for your reference. Of course there is a lot that goes on between the events but this is…
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Strategic Underpricing
By listing a property below market value, the seller aims to attract a large pool of interested buyers, ideally generating a competitive, high-demand environment. This strategy is known as “strategic underpricing” or “auction pricing.” This can lead to multiple offers, driving up the final sale price as buyers bid against each other, essentially creating a…
