January 24, 2007 – 10:15 am
It is an option worth considering
Dallas-Fort Worth home foreclosure postings are still growing – fueled by higher payments on adjustable-rate loans and rising consumer debt.
The latest statistics show that pending foreclosures in Dallas County are 12 percent higher than a year ago and foreclosure postings are up 16 percent in Tarrant County.
Foreclosures are a growing phenonemon all over the country. They’re on the rise everywhere. If you feel like you may be headed toward foreclosure you might want to get out early and sell. If you are more than 2 months behind on your mortgage payment then catching up is not likely - especially if you are unemployed or have large financial debt that you cannot control.
List your house for a flat fee and you can take less than its full value. If you list your house for a few thousand dollars less than its appraised value and sell it yourself then you can get out from under your mortgage without paying a commission to a real estate agent and you may even get out without having to pay anything at all - depending on how much you owe, of course.
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October 29, 2006 – 8:28 am
Is it digital advertising or an industry tool?
The answer to the question really depends on your location. If the question was asked in the USA, I think 99% of realtors would respond ‘industry tool’. Ask the question in Europe and the answer would be reversed with 99% of estate agents referring to MLS as digital advertising.
So what makes this technology be seen by the same industry, in two large geographical markets, in two totally different ways?
Since we’re not in Europe, IHS Realty isn’t much concerned with how our friends on the other side of the Atlantic use the MLS. We’re very concerned with how our friends in the real estate industry in the U.S. use it. We’re excited about the future because we know common FSBO sellers can use the MLS in the same manner that real estate agents have been using it for years. It may be an industry tool, but many real estate investors and one-time for-sale-by-owners may use it as an advertising tool. Either way is OK. The advantage to home owners who want to sell on their own is that can list their property on the MLS for one low fee and save thousands of dollars in real estate commissions. That’s the same no matter which side of the water you live on.
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October 17, 2006 – 2:29 pm
FSBO sellers who list on the MLS don’t have to be deceptive
Gutner actually suggests the days-on-the-market data reported by the multiple listing service, or MLS — a computer database of homes for sale run and maintained by Realtors — is deceptively low. She provided several examples of homes Realtors had pulled off the market and then relisted, a tactic that can make a listing appear “hot.”
In Plumstead, for instance, the MLS says homes that were sold in September sat on the market an average of 85 days. But Gutner, after examining every listing, says those properties actually spent an average of 141 days on the market.
The practice of relisting properties on the MLS to make it appear that a home is a new listing is not in itself a new development. Real estate agents have been deceiving the public with such tactics for a long time. FSBO sellers who list their houses for sale on the MLS don’t have to resort to such tactics. By selling the house yourself, you have more room to negotiate a price due to the fact that you are saving yourself from paying commissions. You can actually sell your house the first time you list it rather than price it too high then relist it at a lower price later.
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