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Sell House Without Realtor Article

NYC Coop Sales Price Now Public Information
It's an old axiom that, despite increasing numbers of condos, coops still account for around 80% of NYC's apartment inventory. Yet, until recently, the sales figures were shrowded in mystery. No more. A recently passed law allows access to these figures through use of the City's ACRIS system. While the link may not be up for long, you can find a pdf guide to how the system works at NYC.gov/html/dof/html/jump/acris.shtm.
Noah's Ark 2006
In the year 2006, the Lord came unto Noah, who was now living in the United States, and said, "Once again, the earth has become wicked and over-populated, and I see the end of all flesh before me. Build another Ark and save 2 of every living thing along with a Few good humans." He gave Noah the blueprints, saying, "You have 6 months to build the Ark before I will start the unending rain for 40 days and 40 nights." Six months later, the Lord looked down and...
Commercial Rent Prices Up - Square Footage Down?
A recent article in Business Week suggests that the open space model of the dot com era may, actually be a paradigm to enable businesses to reduce one of their largest expenses, namely, commercial office rent. Yet, the position of the author is hardly universally shared, eliciting a number of rejections and criticisms in the posted comments following the article. From my own experience, there is no doubt that, technologically, more and more things can be done in more and more places....
Bubble Metrics
I came across a very interesting website, that of the Center for Economic Policy Research, an organization that's done alot of looking into the housing bubble issue and that has alot of articles that you'll find interesting and informative. What's really noteworthy, though, is a unique bubble calculator that seeks to measure whether you'd be better off renting or buying by plugging in the price, mortgage terms, location and projected hold time into the fields, which then takes into...
Expected Report of Year Over Year 2nd Qtr Condo Price Declines
Today's NY Sun reports that an expected industry report on condo prices will show softening on a year over year basis for the second quarter. As the article recites, industry analysts opine on whether they foresee a repeat of the coop collapse of the late 1980's when oversupply combined with softening demand and tax reform to cause a sharp drop in prices. Some, according to the article, feel the City's overall healthy economy will prevent this recurrence in the case of...
Worried about Interest Rates? Tell that to the Rent Guidelines Board
In an unusually raucus session of the Rent Guidelines Board's annual spectacle on guidlines increases for rent stabilized apartments in NYC, the Board members could hardly hear themselves over incessant drum beats from Tenant activists, yet still managed to outrage them, while disappointing landlords in the process. Read about the meeting and the increases at <a...
Problems When the 1031 Tail Wags the Dog
Here's an interesting article about what happens when investors, in their zeal to meet the stringent time requirements of a 1031 exchange, invest in properties in areas they're unfamiliar with and do so without their usual degree of due diligence. <a href="http://www.realestatejournal.com/buysell/markettrends/20060615-hagerty.html?refresh=on" >http://www.realestatejournal.com/buysell/markettrends/20060615-hagerty.html?refresh=on</a>
Everybody into the Pool!
When it comes to Terrorism Insurance, the government's days as a reinsurer of last resort are numbered, ending in 2007 following one extension of a temporary act intended to restore confidence among the Nation's insurers and reinsurers following the huge losses suffered as a result of the 9/11 attacks. A lobbying group called the Real Estate Roundtable, <a href="http://www.rer.org/," >http://www.rer.org/,</a> recently proposed modeling a future system after that...
Taxes and Commercial Real Estate Activity in NY
Today's NY Sun has an interesting article sure to reinvigorate the timeless intellectual arm wrestling about whether booms and busts in real estate are primarily driven by tax policy or the business cycle. This article focuses on the infamous "Cuomo Tax", formally known as the Real Property Gains Tax, enacted in the '80's by then Governor Mario Cuomo. In short, the tax that excluded townhouses and one and two family houses, surcharged capital gains on most other...
Another View on the Bubble-No Bubble Coin Toss
Glenn Roberts, Jr. of Inman News today quotes from findings of the Anderson Forecast, an economic report out of UCLA. According to the report, housing is more likely to head for a crash rather than the gradually deflating balloon we've all be hearing about lately. For more, check out the article ( subscription required) at <a href="http://www.inman.com/hstory.aspx?ID=53488" >http://www.inman.com/hstory.aspx?ID=53488</a>

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Sell My House Without A Realtor
By Raynor James, Fri Dec 9th

If you're thinking, "I should sell my house without a realtor,"the current real estate market and explosion of the Internetwill make your job easier.

Sell My House Without A Realtor

If you are looking to sell a house without a realtor, you areknown as a "FSBO" seller. FSBO stands for the phrase "for saleby owner." Although FSBO sellers have always existed, they havebecome much more prevalent in the last few years due to twoprimary factors.

Hot Real Estate Market

An insanely hot real estate market has made realtors somewhatirrelevant in many parts of the country. For instance, homes inSan Diego, California were known to be on the market for lessthan two weeks on average in early 2005. Keep in mind, this wasthe average time it took to sell a home including the run downmesses. In such a market, many homeowners started wondering whythey were paying six percent commissions to a realtor who didn'thave to do much.

Internet Use

The creation

of FSBO real estate listings sites has explodedover the last three or four years. As buyers and sellers becamemore familiar with these sites, they often searched online forhomes instead of driving areas with a realtor. This resulted insellers wondering why they should pay a commission of 6 percentto a realtor when a site like fsboamerica.org only charged $25 amonth to list a home on the site. Many couldn't come up with areason.

No Realtor

The decision to sell you house without a realtor is one youshould make carefully. If you're comfortable with the salesprocess, going FSBO makes all the sense in the world. If you'renot comfortable with the negotiating process, then you may wantto consider using a realtor. Ultimately, your first step shouldbe to buy a FSBO book in your local bookstore or visit a FSBOsite and read up on what is involved.

About the author:Raynor James is with the FSBO site - http://www.fsboamerica.org- FSBO homes for sale by owner. Visit our "sell my home" page -http://www.fsboamerica.org/seller.cfm - to sell your houseyourself with a free 1 month listing.