Real Estate

Sales at Sullivan Realty totaled 10 homes for the month. They were as follows:
$182,900
$189,000
$160,000
$210,000
$175,000
$158,000
$99,000
$126,000
$185,000
$109,000
Calculate the mean and medium.
I came up with $159,390 for the mean, not sure if that’s right. Not sure what the median is.

Mean is average. So you add up all the numbers and divide by the number of sales:
1593900 in sales, 10 sales, = $159,390 . You are correct.

The MEDIAN is the "middle". (The line in the middle of the road is often called the median as well).

Line up the numbers from smallest to largest, and the one in the "middle" is the median.

1. 99000
2. 109000
3. 126000
4. 158000
5. 160000 -> middle number
6. 175000 -> middle number
7. 182900
8. 185000
9. 189000
10. 210000

When you have an even number of entries,t ake the average of the 2 middle.
160000+175000 = 335,000 / 2 = $167500

Good luck!

Hi I have availed SBI realty home loan last year for purchase of plot on a condition that I must start the construction in 2 years. Last year I have estimated the construction cost. It was low when compared to the current rate. I think I could not afford that much for construction now. What actions can the bank take against me in case if I am not starting within the stipulated time of 2 years?
I have availed loan from SBI (india).

Your loan was conditional based upon you starting construction. If you fail to meet that requirement then they could withdraw the loan. The requirement is that you must start construction, not complete it. If you only begin your project you would have met the requirement of the loan agreement. Starting could only mean that you pour the foundation.

for rent by owner

About 50% of the real ads on craigslist will be private.

I’m looking to rent a single-family home in central florida but I’m having some troubles finding realty companies in the area. These are the ones I know of so far:

ReMax
Century 21
Prudential
Nextage
Era

If you know of any others that would be of great help to me! (:

It is good that you have the name of the real estate companies in Central Florida. They probably are the best at selling houses you would have in the area.

You might would want to seek the property management companies in Central Florida. They are the best at getting you into a rental, whether it be a condo, townhouse, apartment or house. Thy would be able to provide you a list of rental units, the requirements and applications to qualify and anything necessary to rent one of the units.

Each management company would have a separate rental list.

I hope this has been of some benefit to you, good luck.

"FIGHT ON"

Assuming that a contract was just signed to list a home with an initial asking price of less than $150,000, what is the probability that the home will take cooper realty more than 90 days to sell?

100%

We are considering short sailing our home with Caliber Realty in Las Vegas. I think this is also the Myers group as well. I was hoping to get some feed back to see if anyone can recommend them or what experience you had with them. they are not a member of the better business bureau so I’m not sure what else I can check to see if they are good business people. Thanks!

check with the real estate board to see if they have any complains.

Spending more money on a home that you cannot afford.Not getting a good fixed not variable interest rate for your home mortgage. Not having a home inspection done and later to find out things need to be repaired and at an expensive price. Not purchasing title insurance and anyone who buys a house should buy title insurance. Not having enough storage space in your kitchen or laundry area, or enough of bathrooms for the size of your family.A extra bathroom helps out even if you are single, so that when friend or family comes to stay you do not need to share bathrooms. Not having enough all around storage space, and a garage does help. Buy a home that has a nice size yard that is all ready fenced in. Fences are pricey, this will save you time and money too. Buy a home that you and your family will grow into. Buying in a good school district will add equity (value) to your home even if you do not have children going to school. It will also help you to sell the home if you choose to sell. Above all do not let a realtor who works on commission talk you into buying a more expensive home and they will try to by taking you to see a higher priced home one that you would fall in love with and tell you something can be worked out. I have seen it all to well. A home is an investment into your future and a step by step process, give yourself at least six months to one year to find the home of your dreams. Do ask the sellers to pay for your closing costs and down payment this is a small price to pay for having you home sold. Enjoy your new home.

Most of the foreclosed (bank-owned) homes in Metro Detroit are listed with major chain realty companies (Century 21, Remax, Remerica, etc.). But some are listed with fly-by-night outfits that no one has ever heard of, and people at these offices can be extremely difficult to get a hold of (don’t answer calls, don’t return messages, etc), and have incompetent agents who couldn’t care less.

How can these outfits stay in business if they don’t seem to know the first thing about running one?

I have the same complaint! I will not even bother offering, there is no way that agent will close on the deal.

I am guessing the bank does not want to sell at this point in time and listing this way makes it appear like they are and they need that appearance for their insurance claim.

Is this practice considered ethical or
Could she lose her license? Houston Tx

Of course it is not ethical!!

The home owner would have to provide proof for her to lose her license over it though.

Last year in May 2009, I looked at a foreclosed home in Livonia, Michigan. There was a robin’s nest in the front porch light, and she was feeding her babies. I refer to her as "Realty Robin". Just today, I looked at another foreclosure (also in Livonia), and it also had a bird’s nest in the porch light. Of course, this time of year it wasn’t active, but it was probably built this past spring.

Birds find places to nest that are safe from predators (including us). I have a robin that nests on the top of my porch light platform every year in our front yard. We rarely use our front yard and I believe this is one reason why they use this nesting site. If the nests are cleared each year, they will continue to use the same nesting site. Otherwise, they will move around to other locations around the house.

This is a very interesting observation. I wonder if because of the increase in foreclosures throughout the States, if birds have been using more housing structures rather than natural trees and bushes. Does these houses provide more territories for birds such as robins? Thanks for the question!