Sherri provided us with excellent service...
Sherri helped us price our home to sell and it was under contract in 39 days. She presented us with everything we needed including the services of Lauren Ferguson with Queensboro National Bank who also did an excellent job. She provided us with feedback on showings when our home was on the market and helped us "Stage" our home from the beginning. If we are ever in the market to sell and buy again, Sherri will be my first call.
Mr. & Mrs. Eddie Thompson
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Short Sales >6. Who Pays My Agent When I Short Sell My Home?
Because a short sale usually comes about in a financially trying time, the standard realty fees can be a concern. But the homeowner need not worry about the financial strain of short selling his or her home.
When the lender agrees to the short sale, the real estate agent begins to market the home to potential buyers. At this point, the homeowner is only required to allow potential buyers view the home.
When the home is sold, the commissions are paid from the money the buyer places in escrow; therefore, because there is no equity in the house, the lender ultimately is the one paying the entire sales commission.
Since lenders are already losing money on the sale, it’s common for them to offer less than the average sales commission to the real estate agents involved.
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| Q |
Which metropolitan area in America currently offers the most affordable market in which to buy new homes?
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| A |
The housing market in Youngstown, Warren and Boardman, Ohio is currently the most affordable metro area in the U.S. |
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