Wednesday, November 11, 2015

Solo Sales: FSBOs’ Costly Mistake

Forty-eight percent of home owners who sell their home without a real estate agent believe that if they sell themselves they’ll have to just do a little extra work and then be able to save on having to pay a commission or closing fee. But research shows that for-sale-by-owners actually end up having to spend a lot more time than they ever imagined and tend to end up with a final selling price that is lower than comparable listings that were sold by an agent, according to research by the National Association of REALTORS®.
Eighty-nine percent of all homes sold this year were sold with the assistance of a real estate professional, according to NAR’s 2015 Home Buyers and Sellers Profile report. But for a small number of people, they still prefer to do it alone. Eight percent of home sellers chose to list themselves – a record low of for-sale-by-owner transactions, according to NAR’s survey, which dates back to 1981.
“In reality, homes sold by the owner make less money overall,” according to NAR’s Economists’ Outlook blog.
Take a look at the numbers from NAR’s survey: The median selling price for all FSBO homes was $210,000 last year. When the buyer knew the seller in FSBO sales, the number sinks to the median selling price of $151,900. However, homes that were sold with the assistance of an agent had a median selling price of $249,000 – nearly $40,000 more for the typical home sale.
Source: “Selling Your Home Solo to Save Money? You’ll Actually Make Less Than You Think,” National Association of REALTORS® Economists’ Outlook Blog (Nov. 9, 2015)

Tips for Home Sellers!

Happy Veterans Day!

Happy Veterans Day!

Wednesday, October 14, 2015

Katherine Figueroa, REALTOR Earns NAR's Military Relocation Professional Certification

Earns NAR’s Military Relocation Professional Certification 
Military Personnel and Veterans Benefit from 
REALTOR® Expertise in Military Benefits, the Relocation Process, and Support

San Juan, Puerto Rico, October 14, 2015  — Katherine Figueroa, broker owner of Coldwell Banker KF Real Estate has earned the nationally recognized Military Relocation Professional (MRP) Certification.  The National Association of REALTORS® confers the MRP certification to REALTORS® who want to help military personnel and veterans find housing solutions that best meet their needs and allow them to take full advantage of their military benefits.

When military staff and their families relocate, the services of a real estate professional who understands their needs and timetables can make the transfer easier, faster and less stressful.  REALTORS® who earn this certification know to work with active duty military buyers and sellers, as well as veterans.

“Homeownership is an important part of the fabric of America, and having a stable home environment is vital when men and women of the military are called away to serve their country. Working with a REALTOR who understands specific needs and timetables related to military service will help make their transfers easier, faster and less stressful,” said NAR President Gary Thomas, broker-owner of Evergreen Realty, in Villa Park, Calif. “The Military Relocation Professional certification will help REALTORS hone their knowledge and skills for working with veterans and active duty military buyers and sellers to ensure that homeownership remains affordable and accessible to them.”

The certification provides NAR’s members with resources to accommodate current and former military service members at any stage of their military career, and is an approved elective for NAR’s Accredited Buyers Representative (ABR®) designation. To earn the MRP certification, REALTORS® are required to be in good standing with NAR;  complete a one-day MRP certification core course; complete a pre-class readings to learn military background information and better understand important acronyms and military culture; and complete two webinars.  For more information about Katherine Figueroa visit