The real estate industry has traditionally been a relationship-driven business where agents and brokers control most of the process, from setting up listings to setting commissions. As such, much of the information behind each transaction lies with the associated brokers and agents, which is why home buyers and sellers often
Home sellers commonly think of two main options to sell a home: (1) hire real estate agents and pay their commission that take an average of 6% of your home’s equity or (2) try to sell your home yourself. Many homeowners are drawn to the DIY option based on
Home Bay’s board room was graced with the empire building real estate investor Elizabeth Colegrove, creator of The Reluctant Landlord, a website and community that revolves around the tips, tricks, trials and tribulations of self-managing investment rental properties. Ever the proponent of “frugal living”, Elizabeth sat down with another
At Home Bay, one of the most frequently asked home selling questions is “How does it all work?”. We understand why it is critical to understand the home selling process - selling a home is a major transaction and possibly one of the biggest transactions in an individual’s life.
What the future holds for interest rates and how interest rates influence the real estate marketThe actions of the Federal Reserve often lie outside the attention of mainstream consumers, but lately, this central bank has dominated the news politically and economically. Since the Fed’s decisions can be very confusing
At the beginning of the year, I laid out three reasons why I expected the real estate bull market to continue in 2019, and so far this year, my predictions have generally trended in the right direction. However, market conditions are pointing in several uneven ways, and while I generally
As you prepare to sell your home, you are immediately faced with dozens of important decisions, starting with whether or not you should hire a real estate agent. Faced with the cost of large commissions (5-6% of the transaction) charged by “traditional” agents, more home sellers are choosing to try
Time for changeThe real estate industry is long overdue for change as the traditional model for buying and selling homes has felt dated, inefficient and expensive for consumers. With the existing model, home listings are all funneled through a single conglomerate known as the Multiple Listing Service (MLS) where real
Forget what you’ve heard about Millennials forgoing homeownership in favor of spending money on avocado toast. On the contrary, Millennials (21-38 years old) have become the largest share of homebuyers in the market (37%), according to the National Association of Realtors (NAR), and they comprise an increasing share of
If you are looking to buy or sell a home this summer, Home Bay can save you thousands of dollars without sacrificing quality. Home Bay offers comprehensive home seller and buyer services for a fraction of the cost of a traditional agent. Instead of charging our home sellers a commission,