Cheryl Bourland's blog

For Sale by Owner Transactions Fall to All-Time Low

Sellers sometimes decide to handle their home sale on their own in order to avoid paying a commission, a type of real estate transaction known as For Sale by Owner (FSBO). Of course, readers of this blog will know that FSBO generally results in little to no financial benefit for the seller, as the lack of commission is offset by a reduction in sale price. In fact, once you consider the significant amount of time and stress that goes into selling a home, hiring an agent for a neutral net profit seems like a no-brainer. Luckily, the 2018 edition of the Profile of Home Buyers and Sellers shows that home sellers are paying attention, as the proportion of FSBO transactions fell to a new record low this year!

Arkansas Averages Some of the Smallest Down Payments

Potential home buyers consistently regard saving for the down payment as one of the greatest barriers to buying a home, and who can blame them? Although the exact dollar amount required up front by the lender depends on the type of mortgage and purchase price, buyers generally need to come up with several tens of thousands of dollars in order to take out their home loan. Of course, as is true with any statistic, there is a wide range of averages observed across the nation's fifty states, and both down payment amounts and percentages follow this rule. With that in mind, LendingTree sought to determine which state's mortgage borrowers were offering up the largest and smallest down payments in Q3. They found that Arkansas buyers paid some of the smallest amounts up front, both in dollars and as a percentage.

Three Simple Steps for a More Functional Living Room

Of all the rooms in your home, none is as dependent on furniture as the living room. Think about it: besides the fireplace (more on that later), living rooms are generally large, blank spaces which depend completely on furniture to make them functional for you and your guests. Of course, it's not enough to simply place the furniture along the walls like you would in a bedroom or office; instead, you need to arrange the individual pieces so that everyone in the room can easily interact. Luckily, you only need to follow three simple steps to get a space with plenty of form and function! Whether you're staging your home to sell or just want to maximize its livability, every homeowner can benefit from smart design when it comes to arranging their living room furniture.