VerraTerra Real Estate & Property Management ’s Post

New real estate rules go into effect, impacting buyers and sellers

While the intent behind the real estate commission changes is clear, their impact has been different for every broker, agent, and consumer. There is still much to learn as we move forward. Flexibility and diligence, now more than ever, is crucial for both buyers and sellers. Curious about the types of questions buyers and sellers should be asking a buyer or listing agent? Read more on the blog...

SELLERS WHO REGRET NOT USING A REAL ESTATE AGENTREALTOR Mag, Winter 2024 Issue by Melissa Dittmann Tracey * Mistakes from FSBOs & sellers using an IBuyer vs a REALTOR * Clever Real Estate survey says 1/2 weren't satisfied overall * ForSaleByOwners found the process more difficult than expected. * Buyers distrusted FSBOs 43%, FSBOs struggled with contract 40% * They also made legal mistakes without a REALTOR 36% * Lower Sale Price - 3 times more likely to say they lost $ * Longer Selling Process: 2 times says 3 mths to accept offer * Realtor assisted sales accept offer within 1 mth of listing * More Stress: Felt overwhelmed by process & cried * 77% of respondents using a REALTOR were satisfied * 72% said they'd use a REALTOR again * 89% of Buyer & Sellers used an agent - up from previous yr * Only 7% of homeowners sold a FSBO over the year - down * FSBOs sold median price $310K vs Agents sold at $405K   DIGS & DWELLINGS - A Full Service Real Estate Brokerage Doug Wilson 323.839.1474   &   DJ Grabe 323.839l.1781 Mail: douganddj@gmail.com & Site: digs-n-dwellings.com

Real estate pricing is unimagnable !!!

Interesting perspective on real estate commission breakdowns and structure beginning in July. (Tentatively) https://lnkd.in/ePx-FMZ9

Top 5 risks of purchasing real estate without a realtor: 🚩 🚩 1. Overpaying for the Property: Without a realtor’s understanding of market trends and comparable sales, you may overpay for a property, reducing the return on your investment. 2. Legal and Contractual Errors: Real estate contracts involve complex legal terms and timelines. Without a realtor to guide you, you risk making errors, missing key deadlines, or signing a contract that isn’t in your best interest. 3. Limited Access to Listings: Realtors have access to extensive listing databases, including off-market and pre-foreclosure properties. Without them, your home search may be limited, leading to missed opportunities. 4. Title Defects: Realtors work with title companies to uncover potential title defects, such as liens or ownership disputes. Without professional help, you could purchase a property with unresolved title issues, putting your ownership at risk. 5. Weak Negotiation: Lacking a realtor’s negotiation expertise, you may miss out on favorable terms, concessions, or necessary repairs, potentially costing you thousands in future expenses. #RealEstateTips #ProtectYourInvestment #HomeBuying101 #TitleDefects #SmartHomeBuying #RealEstateAdvice #RealtorBenefits #PropertyProtection #HomePurchaseTips #RealEstateRisks

Are you curious about how real estate commission works? 🤔 Let me break it down for you! 🤓 I'm an expert real estate agent and I'm here to answer all of your questions. 🤗 Give me a call 808-734-SELL and let's chat about it! 📞 #RealEstate #RealEstat...

Whether you’re navigating the market for the first time or you’re an experienced seller, this guide will explain the critical points about real estate commissions in the state. #realestate #realestatemarket #realestateinvestments

🏡 Buy or Sell Your Property in Just 7 Days! 🏡 Looking to make a move fast? Whether you’re buying your dream home or selling your property, we’ve cracked the code to help you close the deal in just 7 days. Want to know how? Check out our latest newsletter where we share the secrets to lightning-fast real estate transactions. Don’t miss out! 👉 Click the link to read more: https://lnkd.in/dQSTYT2C #RealEstateTips #FastClosings #BuyOrSellFast

🏡 Buy or Sell Your Property in Just 7 Days! 🏡 Looking to make a move fast? Whether you’re buying your dream home or selling your property, we’ve cracked the code to help you close the deal in just 7 days. Want to know how? Check out our latest newsletter where we share the secrets to lightning-fast real estate transactions. Don’t miss out! 👉 Click the link to read more: https://lnkd.in/dRbvpJsg #RealEstateTips #FastClosings #BuyOrSellFast