• Checklist: What to Look for on Final Home Walkthrough

    checklist lysthouse

    Finally, you are going to become a homeowner, but just before you seal the deal, one crucial step still remains – ensuring all the rooms and walls are in good shape, just the way you had agreed upon with the seller. One final walkthrough will help you evaluate the current condition of the house and is a crucial undertaking, as it is your last chance to ensure that everything in the house is in working order. Having a comprehensive walk through inspection checklist in hand will allow you to make sure that you have covered all your bases, and everything is exactly how you wanted it to be.

    Do not forget to take this home buying walkthrough checklist with you before going for a final walk-through in your new home:

    Continue Reading
  • What To Know if You’re Selling Your Home This Year

    lysthouse saves you money when buying and selling real estate

    The property market is turbulent and prices will go up and fall by the time you make up your mind to actually sell your home. When you need advice or just want to get a free home valuation to see how much your home is worth, give LystHouse a call. Our licensed experts can look at the market in your area, meet with you to consider enhancements, remodeling, or upgrades, and determine your home’s value.

    Continue Reading
  • Preparing for the Home Buying Season – 10 Tips

    home buyer

    Finally, the home-buying season is coming up, as the real estate agents and home buyers start swarming the market. People often wonder “is this a good time to buy a house” or “is it a good time to buy property” – according to various experts, spring is the best time to find the house of your dreams and strike some outstanding deals whilst saving heaps in the process with LystHouse.

    Continue Reading
  • Moving: How to Make a Smooth Transition

    Young Couple Moving In To New Home Together

    Moving into a new home can be an overwhelming task, especially if you’re taking it on in the midst of another major life change, such as having a baby or coping with the loss of a loved one. It’s a big job that has a lot of moving parts, so it’s important to have a plan in mind for the big day and to give yourself plenty of time to prepare your new home to make it feel like your own.

    Continue Reading
  • ‘For Sale By Owner’ founder sells his home… using a real estate broker

    13 February 2018
    138 Views
    fsbo is obsolute and a thing of the past lysthouse

    By David Gardner for MailOnline

    Colby Sambrotto, who founded a website for DIY-real estate, just sold his Chelsea apartment for $2.15million

    The founder of a website helping people to sell their own homes has found a buyer for his own apartment – with the help of a traditional real estate broker.

    ForSaleByOwner.com creator Colby Sambrotto even paid the standard 6% commission after selling his two-bedroom New York condo for $2.15 million.

    According to the Wall Street Journal, Mr Sambrotto spent six months trying to sell the apartment in trendy Chelsea through online listings and classified adverts.

    But the DIY home selling guru eventually decided to turn the sale over to a professional.

    Not only did broker Jesse Buckler set the price $150,000 higher than the original asking price, he went on to lure the elusive buyer Mr Sambrotto’s self-help methods had failed to attract.

    The Journal said the 2,000-square-foot apartment at The Lion’s Head building near Sixth Avenue is now under contract.

    The spartment in question: Colby Sambrotto, founder of 'For Sale by Owner' sold his Lion's Head Building home via a real estate broker

    The apartment in question: Colby Sambrotto, founder of ‘For Sale by Owner’ sold his Lion’s Head Building home via a real estate broker

    Practice what you preach? Mr Sambrotto couldn't sell his house by himself - despite making a fortune by advocating for the method

    Practice what you preach? Mr Sambrotto couldn’t sell his house by himself – despite making a fortune by advocating for the method

    Mr Buckler claimed the owner wasn’t asking enough for the apartment and was consequently attracting the right buyers.

    Broker Jesse Buckler encouraged Mr Sambrotto to increase the asking price of the apartment as a sales strategy

    ‘At first he wouldn’t let me increase the price,’ said Mr. Buckler. ‘I told him I know what I am doing—the market is picking up.’

    Mr Sambrotto bought the apartment for $2 million in 2007, a year after he sold his ForSaleByOwner.com website at the height of the real estate boom.

    He told the Journal that he still believed in owner sales and discounted commissions, but added: ‘The apartment market in Manhattan was tightly controlled by agents.’

    ‘So many buyers don’t even bother to do a search online.’

    Undeterred, he is now planning to launch a new sale by owner website, called USRealty.com.

    Fans of the DIY method point to past successes, even in broker-controlled Manhattan.

    Edgar Bronfman Jr., chief executive of the Warner Music Group, sold an East 64th Street town house four years ago for $50 million without paying any commission.

    Last month, a 69th Street town house was sold by its owner for $48 million.

    Continue Reading
  • Agents sell homes for more than FSBOs: study

    fsbo is obsolute and a thing of the past lysthouse

    Key Takeaways
    Agents tend to achieve higher sales prices for properties than comparable FSBO listings, enough to offset their commission fee, according to a recent analysis.
    Academic research has often cast doubt on the value of real estate agents, but a new study will come as music to their ears.

    It suggests that homeowners will net roughly the same proceeds whether they sell through a real estate agent or take the FSBO (for-sale-by-owner) route.

    That’s because agents tend to achieve higher sales prices for properties than comparable FSBO listings — enough to offset their commission fee, according to an analysis released by automated valuation model (AVM) provider Collateral Analytics.
    This makes a strong case for hiring an agent, considering that agents allow homeowners to reduce the work, risk, and time of selling a home, said Dr. Michael Sklarz, the CEO of Collateral Analytics and a co-author of the study.

    “Overall it is clear that FSBOs have a low probability of selling, and if they do they will likely net the same or less after closing issues, plus they are more likely to screw up on disclosures which may lead to lawsuits after the fact, when buyers discover material facts not disclosed,” added Norman Miller, who produced the study with Sklarz and is a real estate professor at the University of San Diego.

    Continue Reading
  • The Best Time to Sell Your Home

    best time to sell your home in the spring

    When it is finally time to sell your house, conventional wisdom states that putting it up for sale during the peak season, beginning in spring and lasting through the summer, is the best option to take. However, what if you want to wait until the offseason break? Even though this might be a good move, would you be leaving your money on the table?

    Continue Reading
  • LystHouse OfferNow

    OfferNow

    LystHouse OfferNow is a home buying option for home buyers who want to instantly make an offer on a home. In just a few clicks, home owners are able to make an offer with a licensed real estate agent. The instant offer is provided to the home buyer at no cost or obligation to buy. After a home buyer puts in their information, they will be contacted by a licensed real estate agent to verify and confirm information and answer any questions the home buyer may have. Next, LystHouse will reach out to the sellers and let them know that an offer is on its way for their review. Then the offer paperwork is electronically drawn up and sent to the home buyer to digitally review and sign before it is presented to the seller. Not a home buyer? We have answers for home sellers and investors too!

    Continue Reading
  • The Best Time to Buy a House (SPOILER ALERT) …. It’s NOW

    winter mid century modern home for sale

    Home sales mostly tend to rise with the temperature. Summer and spring are historically supposed to be two of the best times to consider buying a house. The weather is comparatively warm, the inventory high, and the school year is slowly winding down. However, those who purchase the house during these peak buying seasons will also have to face more competition and even higher prices. On the other hand, all the home buyers who can brave the cold weather might be able to benefit in numerous ways by buying a home now.

    Even though winter home buyers are generally going to come across a small inventory, they have a noticeable advantage as they would have a fierce competition to face. Furthermore, in January the prices are supposed to be at their lowest. In 2019, with the mortgage rates likely to increase, there are numerous reasons why January is considered the best time to buy a house. Following are some reasons why you should purchase a house in January.

    The spring of the home selling season begins at the very beginning of the year which is January. Right after the very first day of the year, there is a sudden burst of activity from those people who have been waiting for the holiday season to end. It is this time of the year when people start to post about home listing and the prices are comparatively lower.

    Continue Reading
  • Tips for Selling Your Home During the Holidays

    Home Selling During the holidays

    It is snowing outside, temperatures are dropping, the neighborhood is in a joyous mood— and you are Googling tops tips for selling your home during the holidays.

    It is the time of year when calendars are crammed with holiday parties, gift-giving constrains budgets and the roads are either littered with fall foliage or freshly fallen snow. Alas, it is not the best season for selling your home. Nevertheless, the heartening news is that the few gallant house-hunters who do look out are serious about purchasing a house, and an attractive piece of real estate will make them want to embrace the Thanksgiving, Christmas, or the New Year holiday in your home.

    Continue Reading