Flat fee real estate listers launch in San Diego
British real estate company Monday launched a flat fee home listing service in San Diego County, charging sellers $3,200 to list a home.
The cost is likely cheaper for most sellers who are used to a 2.5 percent listing fee, so the offer could save sellers hundreds of dollars in commission costs.
Purplebricks, with its flat fee, adds to a growing number of companies that are lowering commission fees in the competitive Southern California housing market.
Eric Eckardt, CEO of Purplebricks’ U.S. operation, said the company offers as much, or more, than a traditional real estate brokerage. Low listing fees are sometimes associated with agencies that don’t do much for clients.
“The flat rate obviously is a great value,” he said. “Home sellers get 3-D virtual tours, a full-service offering, professional photography and a local real estate expert that actually shows up at the house and works with them throughout the process.”
A typical listing fee is about 2.5 percent of the sale cost, and an additional 2.5 percent for the buyer’s agent.
For a median priced home in San Diego County, $540,000 in November, a seller could save roughly $10,000 on listing commission fees.
read more at: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-purplebricks-launch-20180108-story.html
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Posted in Real Estate, Uncategorized
San Diego – Median Home Price $540,000
The San Diego County housing market is positioned to finish 2017 with near-record prices.
- The county median home price has increased 9.1 percent in a year
- November’s median price of $540,000 was the second-highest of the year
- Real estate agents say buyers are paying more as inventory stays low
San Diego County housing prices: Here’s the full story
In November, the median home price in San Diego County reached $540,000, its second-highest of the year, said real estate tracker CoreLogic. The highest all-time median of $545,000 was in June.
Led by significant price increases in the resale single-family home market, the county’s median home price has increased 9.1 percent in a year.
November’s numbers buck the trend of decreasing or stable prices around the end of the year. Real estate agents say a big reason for the increase this season was a continued lack of homes for sale, based on historic averages, and buyers willing to pay more to get a home.
“A lot of buyers have held out for more inventory coming on the market. They’ve waited and that’s not happening,” said Jan Ryan, a Re/Max agent based in Ramona. “They’ve gotten to the point of realizing it’s not getting any better.”
read more at: http://www.sandiegouniontribune.com/business/real-estate/sd-fi-corelogic-median-20171228-story.html
disclaimer: for information and entertainment purposes only
Posted in Uncategorized
Green Real Estate Appraiser 