SAN ANTONIO HOMES TODAY
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SAN ANTONIO HOMES TODAY
SAN ANTONIO HOMES TODAY - curated by Al Cannistra. Information about San Antonio Homes and the Real Estate Market. #SanAntonioONE #SanAntonioHomesToday #AlCannistra #SanAntonioHomes #HousesInSanAntonio #SanAntonioRealEstate
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iBuyers: A new choice for home sellers but at what cost? | Collateral Analytics

iBuyers: A new choice for home sellers but at what cost? | Collateral Analytics | SAN ANTONIO HOMES TODAY | Scoop.it
These preliminary empirical results suggest that sellers are paying not just the difference in fees of 2% to 5% more than with traditional agencies, and a generous repair allowance, but another 3% to 5% or more to compensate the iBuyer for liquidity risks and carrying costs. In all, the typical cost to a seller appears to be in the range of 13% to 15% depending on the iBuyer vendor. For some sellers, needing to move or requiring quick extraction of equity, this is certainly worthwhile, but what percentage of the market will want this service remains to be seen.
Al Cannistra's insight:

Convenience has a price. Are you willing to give up a chunk of your equity for convenience? And, pay the “price”?

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Homeowners Find an Equity Bright Spot

Homeowners Find an Equity Bright Spot | SAN ANTONIO HOMES TODAY | Scoop.it
One million U.S. borrowers regained equity in 2016, according to CoreLogic’s newly released housing report. Further, about 63 percent of all homeowners saw their equity increase last year.
Al Cannistra's insight:

As home prices rise - homeowners enjoy an equity rise. Are you increasing your wealth?

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