Tuesday, September 20, 2005

Do Realtors charge sellers too much?

North Jersey Media Group providing local news, sports & classifieds for Northern New Jersey!: "How much does it cost to sell a home?
That's simple: Although Realtors' commissions are negotiable, you're virtually sure to pay 5 percent or 6 percent of the sales price - $20,000 to $24,000 on a $400,000 home.

The real question is: How much SHOULD it cost?"
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The 6 percent solution: Who needs a real estate agent?

The 6 percent solution: Who needs a real estate agent?: "Stan and Gloria Wakefield are no fools. They built their three-bedroom house 12 years ago in Ponte Vedra Beach, Fla., an oceanside resort community dotted with golf courses and picturesque inland waterways. The real estate market in the area, near Jacksonville, took off and the house, overlooking lagoons, rose in value to nearly $1 million. 'This house has appreciated almost obscenely,' said Stan Wakefield, a retired naval intelligence officer.

What the Wakefields did next should scare real estate agents everywhere."
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Women Realtors, brokers outnumbering men in a demanding real estate market

The Connecticut Post Online - WomanWise: "The Shelton woman ran the Dance and Gym Center in Shelton for more than 30 years when she suddenly decided that she wanted a change. 'I'm one of those people who keeps saying to herself 'When I grow up, I wonder what I want to be?' ' Sylvester said.
One of her favorite aspects of the dance business was working with people, and she wanted a career that would allow her to keep doing that. Also, she wanted a career that would allow her to actually be out in the public as opposed to being cooped up in a dance studio all day.
After some thought, she realized there was a career that would fill those needs real estate. 'I felt that, as my kids got older, it was time for me to get out more,' Sylvester said. 'It just felt it "
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Real estate prices begin to soften in East Bay

ContraCostaTimes.com | 09/19/2005 | Real estate prices begin to soften in East Bay: "Peter Klingsheim is leaving the East County real estate market, selling his 2,400-square-foot Brentwood house before it loses value.
'The market has peaked,' said Klingsheim, a mortgage broker who works in the booming city. 'I'm going to downsize.'
By all accounts, Klingsheim is at the forefront of the East Bay's newest real estate market trend. Data released by national groups and research firms last week, as well as anecdotal evidence from area brokers, signals that there are more homes on the market than "
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$50 million for estate? But it's on the beach

SignOnSanDiego.com > News > Metro > Diane Bell -- $50 million for estate? But it's on the beach: "Only five years after the Del Mar home of the late Ruth Tippett (on 5.6 acres) sold for a record $25 million, owners of another beach-front estate there are asking for 'a minimum bid' of $50 million.
What, you might ask, would that buy? Try 120 feet of beach frontage on Ocean Avenue, with an estate designed in 1997 by Ken Ronchetti. It comes with a four-bedroom home, two guest houses, a health spa, theater, pool, greenhouse, tennis court and 10-person Jacuzzi. There is more "
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Flipping Frenzy

The Columbus Dispatch - Special Reports: "Trash and thigh-high weeds surrounded the two-story blue house on E. Sycamore Street. Boards covered the first-floor windows, and those above were smashed out.
More than a South Side eyesore, the house was the first of hundreds like it in Columbus to end up in a speculative New York investment portfolio for the wealthy. "
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