Here are some questions and comments from readers collected over the past 12 months and 24 real estate-related articles in this newspaper.
This first one generated lively discussion from some area agents.
- You stated a number of reasons why real estate robots will replace Realtors. That will never happen!
You’re right. Robots will never replace Realtors. They can’t be licensed. Seriously, I believe that in the near future, real estate robots will work side-by-side with Realtors, assisting them with and-or performing many real estate-related tasks.
- In your articles you sometimes use “Realtor” or “real estate agent.” Is there a difference between the two?
Yes, there is a big difference. While both are licensed to sell real estate, a Realtor is a member of the National Association of Realtors and must adhere to a higher standard of professionalism as outlined in the Realtor Code of Ethics.
- Is pricing our home for sale a science or an art?
It’s a combination of both. It’s a science because: A Comparative Market Analysis (CMA) compares homes for sale and homes with very similar characteristics to your home. A suggested price range is then computed.
It’s an art because: A review of the local real estate market, housing development, house location within the development, special features, updates, upgrades and the immediate competition will then be factored in to decide upon the best listing price.
- You are very optimistic about investing in Bluffton real estate. What’s the main reason for that?
The No. 1 reason is supply and demand. Currently, the demand for rental properties in Bluffton exceeds the supply of properties for rent. The No. 2 reason is that home values in Bluffton are still very attractive.
- If you get a reverse mortgage, how long you can stay in your home before you have to start repaying the money that you received?
There’s no time limit. With a reverse mortgage, you can turn your equity into cash and live in your home for as long as you want, with no repayment required until the last surviving borrower passes away, sells the home or permanently moves out.
Readers, thank you for your questions and comments. I enjoy hearing your take on the state of real estate here in Bluffton or in general. Feel free to contact me anytime at adman.larrystoller@yahoo.com.
Larry Stoller is a real estate consultant and advertising executive who loves living in Bluffton and helping real estate agents and sellers get homes sold.
