In this way, we get an idea not only for what sellers are currently asking (which can be skewed at times) but for what prices properties have actually sold, which gives us the buyer perspective as well. Then of course, we utilize online sites like Zillow to get estimated values of our home, area properties, and the area as a whole, overall value trends over time, and our own personal value based upon the specific property and property characteristics. In this way, we’re getting information from a variety of sources and forming it into a more accurate home value. Understanding closing costs Understanding closing costs can better define just how costly it can be to sell. From property taxes owed and agent commission, to buyer credits, and title, transfer and similar fees, a variety of costs can add thousands or even tens of thousands of dollars to the costs of selling a property. When we sold our last home, with agent commission at 5 percent, property taxes owed, a buyer credit of $3,500, and all the other fees, we paid nearly $20,000 toward closing.
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Housing Market Revival To Push visit here SoCal Rent Prices Higher
New data compiled by the University of Southern Californias Lusk Center for Real Estate showed nearly 6,700 new units were completed in Los Angeles, Orange and San Diego counties and the Inland Empire between the second quarters of 2012 and 2013 a three-year high even as the market absorbed nearly 11,900 units. According to the study, Los Angeles County had the second-lowest vacancy rate at 3.2 percent, down 10.6 percent. On average, renters countywide paid an average of $1,435 per month and had the largest rate of increase at 2.86 percent.
For the original version including any supplementary images or video, visit http://losangeles.cbslocal.com/2013/09/24/housing-market-revival-to-push-socal-rent-prices-higher/