When it comes to buying and selling real estate, there are always various costs involved. Depending on your role (buyer or seller,) you’ll have certain closing costs and fees, and may also have costs for things like inspections. One cost a seller in California will always see on their closing sheet is agent commissions. But do you really understand what commissions cover, how they’re paid and how commission fees are achieved? Most people don’t, so let’s take a deep dive into commissions.
A home is most likely the largest financial investment that you have in your portfolio so when you’re selling, you want to make sure you’re getting the highest possible price. Conversely, if you’re buying you want that to be the best possible price. But there’s a lot more to negotiate in a real estate deal than just price, which is why it’s important to have a master negotiator on your side so you ensure you’re getting all you can out of the transaction.
You may have heard about buying or selling a home ‘off-market,’ but what does that actually mean? An off-market home is a property that is for sale but not made available to the general public through the multiple listing services (MLS). It may also be referred to as a “pocket listing”.
Do you want to overpay for your home? Would you like to get stuck in a mortgage that is all wrong for you? How about swinging and missing on an opportunity to purchase your dream home? Of course the answer to these questions is a “no”, but these are the results of the common home buying mistakes buyers make.
As agents, we run into buyers that believe they will have an advantage over competing buyers if they chose to work directly with the listing agent. On one level it makes sense, but is it really in the best interest of the buyer?
Inspiration. It’s what keeps us growing and being creative. It’s something we should be seeking out in all aspects of our lives. And when it comes to our home design, it is hopefully never ending. I know people who will rearrange their homes twice a year, to change the feel and flow. There are people who repaint rooms regularly. And of course, there are those who see a wall and imagine the room without it.
One of the things I love about living in the Bay Area, and especially about living on the Peninsula, is our proximity to amazing outdoor spaces. We have some of the finest camping and hiking spots available anywhere in the world – I truly believe that.
Our research and insights team here at Compass is amazing and constantly providing us with the best and most current data on the market. Their latest masterpiece is the August Bay Area Real Estate Markets Survey.
Recently, I headed to Clearlake for a camping trip with my son Jackson. We love to get out and experience the awesome nature that’s at our disposal around the Bay Area, and this was a new stop for us both.