If you ever wondered whether your real estate agent pushed a little too hard to close the deal, you just might be right. That's according to a study we read about in Business Week magazine.
Basically, real estate professionals get their commission when the deal closes--And even if they wait for a higher offer, they don't get much more money. Meaning, it's not worth it for them to wait. So, researchers decided to see if they pressured their clients to close too soon.
They compared home sales made by agents for clients, versus the way agents sold their own houses. It turns out - agents did much better for themselves. They kept their own houses on the market roughly 10 days longer, and earned almost 4 percent more on the sale. It may not seem like much, but on a $300-thousand dollar house, that's $12-thousand dollars.
So, what's the fix on this? Before you sell, hire an independent appraiser to value your home. Since they have no stake in whether you sell or not, they'll give you a pretty accurate idea of the price you should hold out for.
Should You Keep It or Toss It? It’s time for another round of “Keep it or toss it.” Like that month old toothbrus… Do You Eat Instant Ramen? We know money’s tight right now, but is it tight enough in your home for $0.16 worth of cellop… Resident Managers May Help You Sell Your Home Faster Your house is on the market in one city. Meanwhile, you’ve already moved to your new location … Trim Down Your Grocery Budget With the economic downturn in full swing, a new survey found that 85% of North Americans are eating … Home Improvement Scams In tough times, scam artists seem to come out of the woodwork, and some of the biggest scams right n… New Kiosks Sell Wine By The Bottle What’s the latest vending machine trend? Kiosks that sell bottles of wine. At least, after you… Breathe a Little Easier in Your Own Home Do you walk around your own house hacking and gagging? If so, you’re not alone. According to t… How Do You Boil The Perfect Egg? How do you boil an egg properly? Just look at the shell! According to the British Egg Information Se… Being a clean freak is a new, hot trend. That's according to Newsweek magazine. Millions of Americans are finally admitting their homes are a… Enjoy Your Ice Cream Without the Mess If it’s one thing you need to know how to do correctly in the warm weather – it’s … Mansions Are The New Boarding Houses Mansions aren’t just for rich people anymore. As you probably know, statistics show that one-i… Menus Are Designed to Trick You Into Spending More Want to lower your restaurant food bills? Look at the menu differently, because most menus are desig… There's A Mysterious New Condition Known as “Pine Nut Syndrome” What’s a food lover’s worst nightmare these days? According to ABC News, it’s a my… Mashed potatoes--turkey--pumpkin pie Thanksgiving is almost here, and if you're worrying about what all those fabulous foods might do to … Here's some intelligence for your home life from Geocities .com: First, give your leather shoes an instant shine with a banana peel. You heard me! Rub the inside of …
DON'T Make These Mistakes After You Get Dating Trends Based On What You Eat How you eat could influence the likelihood of more dates.… Troubling Trend: "Over-Prescribing" Drugs To Children More than 1 in 4 children tale psychiatric drugs each day… Some Social Networks Encourage Eating Does Parental Favoritism Exist? Most parents try to hide their preference, but how do kids feel about parental favoritism?… Health Problems & Their Common Triggers Two headache triggers are: Hot Dogs & Cheese. Find out why… Words of Wisdom from Dr. Oz Do TV Shows Encourage Teens To Be Mean? Watching shows with your kids and asking questions can help to train them to think critically so the… How Well Do You Click With Other People? Exclusive! Dr. Oz Belly Fat Interview Don't Buy into the "Fairytale of Weight Loss" Want to lose weight and keep it off? Then don't buy into the 'fairytale of weight loss.'… Loneliness Is Bad For Your Health One reason is because many Americans are unmarried and live alone.… Does Gaming Cause Health Problems? There are more adult gamers today than teens and … Myths About Food Do You Eat Junk Food?