What do you get from paying real estate fees?
Because of our experience in Real Estate we see a lot of things. Many times we have gone to a closing where the other people were charged a mysterious fee by their agents and brokerages. We have always wondered what this fee is? What is that for? Sometimes the fee is a legal fee mandated by a broker. Other times however, this fee is illegal!
Sometimes the broker or the agent doesn't even realize that they are charging their clients an illegal fee. They may justify their fee by citing many other brokerages who have it or by claiming that the fee has been around for a long time. The idea that a lot of people are doing something does not make it legal.
Most real estate brokerages have a commission and some will charge an additional $150 to $250 fee. This $150 to $250 extra fee could be a junk fee. Recent legislation has been passed to crack down on these junk fees. Washington Post columnist Kenneth R. Harney reported "In a decision late last month that is sending shudders through the realty brokerage industry, U.S. District Judge Virginia Emerson Hopkins in Birmingham, Ala., ruled that when a realty firm charges clients an 'admin' fee, for which no specific settlement services are performed, the fee violates federal law,".
How do you know you aren't being charged illegal bogus fees? First rule of thumb: only agree to a set commission with no other fees. If there are other fees, you might want to get a second opinion. Second rule of thumb: go with someone who is credible that you trust and has extensive experience.
May 19, 2009
May 4, 2009
The Hot months for Housing Sales are approaching!
Here are the Top Places to Sell a Home in Utah this May!
The statistics from April are in! Based on these statistics we can predict where the homes will be selling this month. These summer months are typically some of the best selling months of the year so it’s the perfect time to be living in a hot spot. While most other areas are struggling to sell, those living in these hot spots can get top dollar for their home! Those looking to buy in these areas may expect to pay a little more, but they can count on a stable home value and being able to sell their home if they ever need to. For those who are living in these areas thinking of selling; now is the best time!
1. Davis County Zip 84087 Price Range: $300K - $350K
Sales History Current homes for Sale
2. Davis County Zip 84087 Price Range: $100K - $200K
Sales History Current Homes for Sale
3. Centerville Zip 84014 Price Range: $100K - $200K
Sales History Current Homes for Sale
4. SLC Zip 84109 Price Range: $200K - $250K
Sales History Current Homes for Sale
5. Mapleton Zip 84664 Price Range: $250K - $300K
Sales History Current Homes for Sale
April Sales History for all Zip Codes
Follow this blog for more Market updates or join me on Twitter and Facebook.
The statistics from April are in! Based on these statistics we can predict where the homes will be selling this month. These summer months are typically some of the best selling months of the year so it’s the perfect time to be living in a hot spot. While most other areas are struggling to sell, those living in these hot spots can get top dollar for their home! Those looking to buy in these areas may expect to pay a little more, but they can count on a stable home value and being able to sell their home if they ever need to. For those who are living in these areas thinking of selling; now is the best time!
1. Davis County Zip 84087 Price Range: $300K - $350K
Sales History Current homes for Sale
2. Davis County Zip 84087 Price Range: $100K - $200K
Sales History Current Homes for Sale
3. Centerville Zip 84014 Price Range: $100K - $200K
Sales History Current Homes for Sale
4. SLC Zip 84109 Price Range: $200K - $250K
Sales History Current Homes for Sale
5. Mapleton Zip 84664 Price Range: $250K - $300K
Sales History Current Homes for Sale
April Sales History for all Zip Codes
Follow this blog for more Market updates or join me on Twitter and Facebook.
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