5 Tips to Know About Real Estate

November 29, 2023

5 Tips to Know About Real Estate

Sellers and Buyers ask me questions all the time about how real estate transactions work. Here are 5 things that you should be aware of if you're considering a move in the current market.

 

1. Information and home value sites are not always accurate! They're truly marketing platforms at their core; designed to sell the site traffic in one way or another. Many sites create more "sensational" content to get clicks, so be careful about the information you use to make financial decisions. 

 

2. Both Sellers and Buyers have their own closing costs. Many clients are surprised to see that both sides have their own individual cost/fees. In the current market, it’s traditional for each party to pay their own costs. However, that can change depending whether it's a Buyer/Seller market. 

 

3. Buyers don't have to put 20% down to purchase. There are loan programs with as little as 3% down. Some even allow Zero down, but keep in mind that sometimes the true cost of those low-down loan programs can be very expensive. 

 

4. Traditionally sellers pay commissions for both sides of a home sale. Many buyers have asked me how the commission is paid. In real estate, everything is negotiable, but traditionally the Seller pays the commissions for both the Seller's Agent and the Buyer's agent. 

 

5. List price is a starting point. The initial listing price doesn’t always indicated actual market value! Some seller choose to list their property higher, or lower, than the current market values. That can impact how fast a home sells, and how many offers it may have. 

 

Subscribe to our channel for more information about the area, Seller/Buyer tips, and to browse our active listings! 


Recent Blog Posts

Stay up to date on the latest real estate trends.

How to Successfully Sell Your Home to Buy Another One - Move up Buyers!

Zac Bacon  |  January 19, 2024

Selling your existing home can unlock vital equity for your dream home purchase, but timing can be challenging.

The Progression of the Goofy Christmas Card

Zac Bacon  |  November 30, 2023

5 Tips to Know About Real Estate

Zac Bacon  |  November 29, 2023

Sellers and Buyers ask me questions all the time about how real estate transactions work. Here are 5 things that you should be aware of if you're considering a move in… Read more

5 Things to Know About Short Sales

Zac Bacon  |  November 14, 2023

While you may not have heard the term recently, there's a possibility that this type of real estate sale may be slightly more popular over the next couple years.

What you need to know about buying solar before April 2023!

Zac Bacon  |  February 6, 2023

The topic of solar has been front and center recently due to the continued increase in utility costs. Homeowners are interested in saving money over the long run, but … Read more

Case Study: The Home on Brewery Ln

September 28, 2022

Most often, selling a home is an emotional process, whether you’re leaving behind good memories or hoping for a fresh start. It’s another part of a real estate agent’s… Read more

Case Study: Off-market in Sacramento

September 27, 2022

Real estate agents wear many hats while serving their clients. They tour properties, analyze market data, research the neighboring community, connect vendors, and more… Read more

Case Study: The Homestead in Grass Valley, CA

September 25, 2022

A good real estate agent will help you sell your home. A great real estate agent will be there for you at every step of the process beyond the transaction. Regarding t… Read more

Buying a House With Bad Credit

May 19, 2022

If you’re ready to buy a home but you’re uncertain because of your credit history, there may be options available for you. In this article, we’ll break down what is co… Read more

Let's Talk

You’ve got questions and we can’t wait to answer them.