Found 2 blog entries tagged as broker.

(Illustration by Realtor.com; Source: Getty Images)

Realtor.com writes, "how long does it take to buy a house? While estimating a timeline for homebuying will depend on many variables, real estate experts estimate that the average time required is around four months.

This timeline is important for buyers to keep in mind for a variety of reasons. Many buyers might hope to time their home purchase with when their rental lease is up. Other buyers might want to pace their house hunt so that they are settled in their new home before the start of school. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house.

In short, homebuyers might need to fit their home search into any number of time-sensitive situations, so knowing…

253 Views, 0 Comments

New data quantifies just how much the experience of a real estate agent matters when buying and selling a home. OLEKSANDRA KLESTOVA VIA GETTY IMAGES

Austin Business Journal shares, "real estate agent experience levels — and how they are paid — can make a huge difference in the housing market.

A new working paper from the National Bureau of Economic Research by Sophia Gilbukh, an assistant professor of real estate at Baruch College, and Paul Goldsmith-Pinkham, assistant professor of finance at Yale University, studied 8.5 million transactions from 2001 to 2014. The study found homes listed by inexperienced agents were less likely to sell — and the current flat commission structure created a large number of inexperienced agents that drag down home sellers and stunt the housing market, in good times and bad.

Overall, the working paper found, listings with agents within the bottom 10% of…

300 Views, 0 Comments