For the West of State St area of Santa Barbara Real Estate sales have increased slightly. In July we had 107 properties close escrow, and currently we see 143. The Median Sold price and the Average Sold price are almost exactly where they’ve been all year. Two months ago the Median Sales price was $1,039,000 now it’s $1,040,000. And the Average Sales price was $1,208,220 compared to the current $1,212,382. There is also only 3 days difference between 2 months ago and today. In July it was 63 and in September it’s been 66. The Sales Price to Original List Price ratio is also very close. In September it’s at 91.84% and two months ago it was at 91.96%.
For Condominiums West of State St for the Santa Barbara Real Estate the rate of sales has been steady throughout the year. Two months ago we had 44 sales and now we have 57. The Median Sales price is $3,000 more than it was two months ago posting a mark of $645,000 as opposed to $642,500 in July. The Average Sale price is only slightly wider with $668,857 in July and $687,416 currently. The Days on the Market are also very close with only 1 day separating the two figures. In July we saw 95 Days on the Market and now we see 94. Also, there’s a very small difference in the Sales Price to Original List Price. In July it was 92.76% and currently it’s at 93%.
When going to buy or sell a home, your first step should be finding a honest and hard-working realtor.
When going to buy or sell a home, your first step should be finding an honest and hard-working realtor. You can find a real estate agent by keeping an eye out for advertisements, calling your local real estate broker, or through the internet.
The role of a real estate agent is to represent your best interests in a real estate transaction. They work off of a commission, normally 6% of the sales price of the home. In most cases, that commission is split equally between the realtor representing the buyer and the realtor representing the seller. For a person buying a home, the service of the real estate agent is free, because commission is paid by the seller. The buyer, however, is responsible for most of the closing costs. The closing costs will be explained to you by your realtor and will be on the documents you sign when you go to the title company. Closing costs can also be negotiated on during the contract process.
The real estate agent, through their broker, has access to all of the MLS (Multiple Listing Service) listed homes in your area of interest. If you are a home buyer, the realtor can provide you with information about homes for sale that meet your criteria. They will then bring you to these homes and let you inside to see them. If you are selling a home, the realtor will list your home in the MLS, post a "For Sale" sign in your yard, and hold open houses to attract buyers. Be wary of discount realtors that offer to list your home for a lower commission. Studies show that, in most cases, your home will stay on the market longer and you end up selling it for a lower price than what you intended.
A real estate transaction is a complicated process that involves many steps and is best done with the help of a trained, licensed professional. A realtor can save you the headache of dealing with the other party in the sale, getting together the contract, and submitting all the documents to the title company. So when you are ready to buy or sell a house, contact the local real estate agent.
I had come to know these kind of information through the realtor site which I have recently visited
This site shows much useful information about the real estate business
Posted by: The Role of a Realtor at September 29, 2007 05:48 AM