FSBO STATISTICS

For Sale By Owner (FSBO) Statistics FSBOs accounted for 8% of home sales in 2016. The typical FSBO home sold for $190,000 compared to $249,000 for agent-assisted home sales. FSBO …

REAL ESTATE STATISTICS

Overview of the Real Estate Market 5.51 million existing homes were sold in 2017, according to data from the National Association of REALTORS®. 612,000 newly constructed homes were sold in …

REAL ESTATE AGENCY RELATIONSHIPS

Agency relationships with clients versus non-agency relationships with customers Relationship: Conventionally, the broker provides a conventional full-service, commission-based brokerage relationship under a signed listing agreement with a seller or a …

WHAT IS A BONA FIDE PURCHASER?

A bonafide purchaser(BFP) – referred to more completely as a bonafide purchaser for value without notice – is a term used predominantly in common law jurisdictions in the law of …

CONTRACT CONTINGENCIES

For those who aren’t familiar, a contingency is a statement (a “stipulation” it’s sometimes called) that is added to your contract that will allow you the right to back out …

CONDOMINIUM AND PUD OWNERSHIP

Condominium and PUD Ownership Builders, in an effort to combat the dual problem of an increasing population and a declining availability of prime land, are increasingly turning to common interest …

MOLD

MOLD BASICS Why is mold growing in my home? Molds are part of the natural environment. Outdoors, molds play a part in nature by breaking down dead organic matter such …

LAND PATENTS

A land patent is an exclusive land grant made by a sovereign entity with respect to a particular tract of land. To make such a grant “patent”, a sovereign (proprietary …

WHOLESALING

How To Use The Wholesale Real Estate Forms… The Wholesale Purchase Agreements are used to put a property under contract with the seller. Typically a wholesaler will assign the contract …

WHAT IS A SHORT SALE?

What is a ‘ShortSale?’ A Short Sale takes place when homes are sold for less than the bank payoff, and the home seller does not have the funds to make …

ESCALATION CLAUSE

During a buyer’s market, home buyer’s are agressive in their offers; making offers substantially below asking price with many seller concessions. As the market has shifted, buyer’s have had to …

WHAT IS THE MLS?

Realtor Tools: the MLS The modern day MLS (Multiple Listing Service) is the method that information on real estate for sale and sold properties are disseminated throughout the real estate …

LAND SURVEYS

Land Survey: Defining a Property Often times when showing properties, a client asks me, “Where is the property lines?” As a purveyor of properties, it would make sense that we …

SELLING A HOUSE IN KANSAS

Here’s an overview of the basics, including seller disclosure requirements. Most listing agents will want you to sign an exclusive right to sell listing, which obligates you to pay a …

FSBO SELLERS IN A DOWN MARKET

Tough times can motivate, frustrate agent-less sellers Four years ago, when Judy Cruz decided to try to sell her house on her own, it couldn’t have been easier. She struck …

THE POST INDUSTRIAL ERA IS OVER

The Post-Industrial Era Is Over ByLESTER C. THUROW The sun is about to set on the post-industrial era. No one should mourn its passing. In the post-industrial era, service jobs …

FSBO – INSPECTIONS

Real estate inspection. The three little words can cause palpitations in even the sturdiest souls. For potential homebuyers, a real estate inspection means the house they have recently fallen in …

FSBO – HERE ARE THE SECRETS

Selling your home means making dozens (if not hundreds) of decisions, starting with whether to work with a real estate agent. While the vast majority of homeowners hire a listing …

FSBO – THE RIGHT WAY

For those hoping to maximize profits on a home sale, posting a “for sale by owner” sign in the yard is an appealing option. Real estate brokers typically take 5 …