Whose Commission Is It?

For Sale By Owner

For Sale By Owner

One of the most common reasons buyers want to deal directly with the seller is because they feel they can save the commission. It’s a valid consideration but interestingly, it’s the same reason the seller isn’t employing an agent.

Both parties cannot save the commission. The buyer feels they have earned it because they’ve had to find the home, determine its value and negotiate with the seller. They had to arrange their own financing, title and inspections.

The seller equally feels that they have earned the commission because they too have had to research value, financing and title work.  They have incurred all of the marketing expenses and have invested hours upon hours to be available to show the property, hold open houses and answer inquiries.

There is certainly value in all of the things that buyers and sellers are willing to do.  However, only one person can save the commission assuming the buyer and seller can reach a written agreement.

The Profile of Home Buyers and Sellers survey reports that 14% of sales were For-Sale-by-Owners in 2003 and 2004 compared to just 9% in 2012. The trend shows that agent-assisted sales rose to 88% in 2012 from 82% in 2004.

The three most difficult tasks identified by for-sale-by-owners is attracting potential buyers, getting the price right and understanding and performing the paperwork. When surveyed, sellers most value the home selling in an anticipated time frame and for an expected amount.

Experienced, third-party advocates helping buyers and sellers is a valuable contribution to the transaction which may determine whose commission it is.

Horseshoe Bay Texas Real Estate

My name is Tom Ashworth and I would like to welcome you to Horseshoe Bay Texas Real Estate web site. I am a Realtor® working in Burnet / Marble Falls / Horseshoe Bay Texas.  I offer personal and professional service for all your real estate needs, including getting your home sold or helping you find the home of your dreams in less time and with less hassle, which helps you get what you desire with ease.

Technology Focus:

I have many years experience in Technology Industry as and Engineer and Information Technology Manager. My background makes me an efficient, effective agent who won’t waste your time. Property searches on my website are simplified. You’ll get immediate review of all properties that fit your criteria and be able to get an appointment to visit properties with just two clicks. Electronic documents and e-signing assure your offer won’t arrive late. It’s simple and quick, with your needs in mind.

As your agent, I will be at your side from start to finish, ensuring that you get exactly what you want from selling your current home or buying that perfect new home.

30-Year Fixed Mortgage Rate Approached the Year’s Lowest Level

Why Deals Fail

Why Deals Fail

The time for homebuyers to lock in their rates may be now. According to Freddie Mac (the Federal Home Loan Mortgage Corporation), mortgage rates have approached the lowest level of 2014.

Freddie Mac conducted the Primary Mortgage Market Survey, which indicates that the average rate for a 30-year fixed mortgage reached 4.12%. Last week’s rate was reported at 4.19%. Experts attribute the drop in rates to concern over European growth and discouraging Federal Reserve forecasts.

Frank Nothaft, Freddie Mac’s vice-president and chief economist, said that despite a bleak outlook from the Federal Reserve, mortgage purchase applications were up 2% on the week. 248,000 new jobs were also created, lowering the headline unemployment rate to 5.9%.

According to the weekly survey by the Mortgage Bankers Association, mortgage applications for new homes went up 3.8% from last week.

The housing market has demonstrated other positive signs of growth. The Refinance Index went up by 5% from the week before, while the Purchase Index, which is adjusted seasonally, rose 2%, the highest level since July.