Real Estate Reports

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!

What Makes Someone a Good Neighbor?

Do you think that most people like their neighbors? Your visceral reaction might be to assume the worst, but the answer is actually quite positive! In fact, according to realtor.com's newly-released 2018 Good Neighbor Report, a whopping 77% of people feel that they have a good neighbor. As part of the report, the survey also asked people to identify the qualities which were most important in a good neighbor. What do you think came out on top?