Fences & Flowers

The CB Bain Blog

How much is enough when it comes to investigating what will most likely be your largest financial investment?

Mar 11, 2016

Written by:

Michael Ackerman

If you’re selling your home and it’s currently vacant, you may think those empty rooms are the perfect clean slate for potential buyers to imagine their ideal décor. But properly staging your rooms can instantly make your home more emotionally appealing.

While we can’t control the kind of real estate market we are in, we can control the brand and agent that we use when buying or selling our home – the largest financial investment most of us have. Discount brokerages and independent companies pop up when the market is strong; and oftentimes they will entice home sellers to work with them for lower fees. If you’re thinking of selling your home, regardless of the market conditions, brand matters.

In December of 2015, Redfin rolled out its new Automated Valuation Model (AVM) tool, otherwise known as the “Redfin Estimate”, to compete with Zillow’s AVM tool, the “Zestimate”, plus others. It’s been over 10 years in the making, and Redfin wanted to get it right.

To most people REALTOR® and Real Estate Broker/Agent are one in the same. But there are some distinct characteristics between the two that can make big differences to consumers, whether buyers or sellers.

If you are considering buying or selling a property, be prepared to see a FIRPTA Form included in the transaction. Established in 1980, FIRPTA stands for Foreign Investment in Real Property Tax Act, and authorizes the US to tax foreign persons on the sale of real property*. 

You may have heard new acronyms thrown around in the media recently – CFPB, TRID, RESPA, and TILA – and wondered what they are and if they will have any impact on you. If you plan on buying or selling a home in the future, you will want to pay close attention to the new regulations aimed at the home loan and closing processes.

Searching for the perfect home online is easier than ever. As a buyer, whether or not you realize it, browsing countless listings on the internet has given you a lot of knowledge you may not have had years ago (or at least, not until much later in the buying process). So when it comes to your real estate education, where’s your comfort zone?

So, you want to buy a home and you’ve done all the right things in the right order. You’re pre-approved for a mortgage, you found a local real estate broker, and together you have made a coordinated effort to employ all available options to find the perfect home: A comprehensive online search, exhaustive neighborhood research, open house tours every weekend, private showings, and you’ve finally found THE ONE! Now all you need to do is open the Purchase & Sale Agreement that your broker sent via email, choose a cool font for your electronic signature, click through the contract where it tells you to sign…SO SLICK!...takes just a few minutes and it’s all done! As soon as the sellers sign you’ve bought yourself a house!

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