Archives » May, 2007

How real estate agents get paid?

Real estate agents generally earn a commission based on a percentage of the home sales price and are only paid when a sale is completed. If a deal falls apart or a home buyer or seller walks away before a transaction is closed then the agent earns zero for their efforts.
In a typical real estate […]

Read: How real estate agents get paid?

Mortgage rates move sharply higher

Freddie Mac cites consumer confidence, Fed speculation; sees rates climbing for remainder of 2007.

May 24 2007: 5:08 PM EDT

NEW YORK (CNNMoney.com) — Mortgage rates jumped this week on upbeat consumer sentiment and speculation that the Federal Reserve would not cut interest rates anytime soon, Freddie Mac said Thursday.
The average rate on 30-year fixed-rate […]

Read: Mortgage rates move sharply higher

Is conflict with your real estate agent avoidable?

A home seller in Arizona contacted You Save Real Estate® soon after breaking ground on building her dream home. Her new home would be ready for move-in within 5 short months and the clock was ticking. It was time to put her current home on the market.
Like most people today, she […]

Read: Is conflict with your real estate agent avoidable?

How to choose a real estate agent?

You Save Real Estate® believes the best way to hire a top-notch real estate agent is to ask many questions and listen carefully. You Save Real Estate® suggests that you interview three agents so that you get a sense of which agent has the best combination of skills, personality and knowledge to fit your needs. […]

Read: How to choose a real estate agent?

Do real estate agents actually refund commissions to wealthy doctors?

A You Save Real Estate® client, a successful doctor who lives in Denver, wanted to buy a mountain get-a-way in Winter Park. He mentioned his plans to a colleague who had recently purchased a home in Winter Park. The colleague promptly provided a glowing recommendation for a “superstar” agent who had recently […]

Read: Do real estate agents actually refund commissions to wealthy doctors?