Free CMA Tool and analytics no one else has.
Free CMA Tool and analytics no one else has.
Stay ahead in the property market with expert analysis, investment strategies, and the latest trends from ShopProp's real estate professionals.
Discover our most popular and insightful content on real estate trends, investment strategies, and market analysis.
Free CMA Tool and analytics no one else has.
Private Listings Are a Detriment to the Market — and, in My Opinion, Selling Them as a General Strategy Is a Breach of Fiduciary Duty Before founding ShopProp, I built a financial firm that was later acquired. After more than 20 years in the financial markets and 18 years as a managing broker, my view is simple: Open markets protect consumers. Closed systems protect insiders.
There are multiple news organizations regurgitating the same clickbait headline that "Bay Area housing is in a bubble". We are going to explore in this article why that isn't true and why we aren't likely to see a crash of prices comparable to 2007 anytime soon.
The buyer-broker agreement is mandatory before any agent can show you a home. First-time buyers who sign a flat-fee agreement instead of a percentage deal can save $8,000 to $25,000 or more at closing.
Your lender calculates exactly what you can afford — but never factors in whether your agent charges 2.5% or a $1,995 flat fee. That blindspot could cost you $20,000 or more at closing.
Empty nesters selling a $1.2M home and buying a $750K condo pay $78,750 or more in traditional agent fees. With flat-fee representation on both sides, the same couple keeps over $70,000. Here is the math.
Move-up buyers pay percentage agent fees on BOTH sides — selling and buying. On a $750K sale and $1.2M purchase, that is $48,750 in traditional fees vs $9,990 flat. Here is the math at every price point.
Los Altos home sells $400,000 over listing price at $3.8M. ShopProp flat fee of $7,995 saved the seller $87,005 compared to a traditional 2.5% commission.
When a home purchase falls through, percentage-based agent fees punish buyers twice. A flat-fee agent removes the financial sting of starting over — your fee stays the same whether it is your first offer or your fourth.