It’s 2018 and gone are the days of sticking a “For Sale by Owner” (FSBO) sign in the yard hoping someone will call your landline to offer the correct amount for your home. There are many tools available to sellers for listing independently but also many pitfalls in doing this at all stages of selling your home:


Before you even list your home, it is important to answer questions such as:

  • How will I list and market my home?
  • What is the value of my home?
  • What are the past and upcoming trends in my neighborhood?
  • What disclosure obligations and liabilities are associated with selling a home?

Licensed agents have a multitude of resources at their disposal to help you price your home appropriately. Additionally, they have the ability to cast a wide net in terms of marketing your home and getting it in front of more eyes. While you may be able to get your home on sites like Zillow, most individuals don’t have the extended professional network that real estate agents do. This network, including most importantly the MLS, increases exposure for your home and helps you sell faster and for the most money.

Listing & Sale

You may be able to list your home on sites like Zillow easily enough, but are you able to confidently answer these questions?

  • How familiar are you with how to properly list your home?
  • How familiar are you with negotiating with real estate agents for buyers? 
    • Some agents are fearful that a home listed FSBO will be a much more difficult option compared to other options that are available in the neighborhood. FSBO sellers have the perception of being potentially unreasonable to work with and also may be unwilling to pay the buyer’s agent a fee.
    • “NEWS FLASH” If a buyer’s agent is willing to schedule a showing and bring a buyer through a home listed FSBO, then that agent will be expecting compensation if they plan to write an offer and get a deal to the closing table. This is one thing that is often overlooked on FSBO listings.
    • Once an agent does present an offer to you and the negotiating begins, it is very common for the buyer’s agent and the buyer to “win” the negotiation because of the agent representation involved. Seller’s likely just don’t have the tools to negotiate properly or maximize their net proceeds.
  • Do you have ample free time for showings? Are you able to prioritize these showings to tell who is serious about buying your home?
  • What is your experience with the paperwork and legality around selling a home?
    • Not everyone is a lawyer. If you are, you’re probably too busy for everything that comes with selling your home on your own! A seller needs to be worried about fraud, negligence, breach of contract, and more.

If any of these questions make you a bit nervous, that’s completely normal! Our agents are experienced and eager to help make you confident in the process of selling your home.

Fees – 2.2% For The “Listing Side” Commission (Buyer’s Agent Commission Additional)

Since we have determined that most buyer’s agents are going to be expecting a fee even if you are selling FSBO, and since we have determined that the best way to likely maximize sales proceeds is to cast a wide net via the MLS, don’t you want representation on your side too?

  • Included for a nominal listing side commission fee of 2.2% from Patriot Realty Inc., a seller receives the following: professional photography, professional marketing materials, MLS listing access, secure showings scheduled by licensed real estate agents, clerical support, disclosure documents, transaction management between loan officers, title representatives, and buyer’s brokers, as well as the huge component of negotiating for YOU to ensure that the check that you take home from the closing table is what it should be.
  • It is our belief that if we are hired to represent a seller, the 2.2% we are paid will at a minimum be gained back by the seller strictly from a negotiating standpoint, and all of the other items listed in the bullet points above come along with it at no extra charge!

The agents at Patriot Realty stand at the ready to help you prep, list, and sell your home.  Please reach out to us if you have any questions or are ready to get started!

Contact Patriot Realty


We are going to make a bold prediction (though with Minnesota, it could be more of a gamble). The snow is behind us! And while spring formally started on March 20th, it seems to have finally sprung.

Timing, Inventory, and Rates

Like trees beginning to bud in our yard, home buyers are scheduling time with their realtors to tour homes and neighborhoods. As we have discussed before, the inventory for homes is declining. Now is the perfect time to list your home if you are looking to sell. Due to the recent trend of rising interest rates for buyers, time could be of the essence as borrowing power decreases.

Freddie Mac, 30-Year Fixed Rate Mortgage average in the United States [MORTGAGE30US], retrieved from FRED, Federal Reserve Bank of St. Louis;, April 24, 3018

What’s more, many families with school-aged children will use the next 2-3 months for home tours and purchasing, settling in before the next school year begins. If you own in a highly desired school district, this makes your home even more valuable.

Spring has kicked off another buying cycle with increased competition, bidding wars, quick sales, and above average sale prices.

Days on Market Until Sale

Get Moving!

Getting your home on the market couldn’t be easier with the team at Patriot Realty on your side. We have the tools and expertise to help prep, stage, and list your home with increased selling success. To get started, either reach out to us to start a dialogue or download our simple seller checklist.

It’s that time of year again.

Everyone is pulling together all of the information needed to (hopefully) maximize their tax return. Adding an investment in rental real estate can help with that maximization when Uncle Sam comes knocking. In addition to the cash flow and historic trends of property value appreciation, there are many other tax benefits and deductions that often come with rental ownership. Here is a high-level overview of some of the most common topics.


For those new to this term, depreciation is defined as the reduction in the value of an asset with the passage of time, which is a way to recuperate some of your initial costs from a property purchase when you file your return. According to the most recent IRS Publication 946 (PDF), properties can be depreciated over a set amount of time, determined by property type – nonresidential (39 years) or residential rental (27.5 years). For example, you would first separate the cost of the land from the building(s), as you cannot depreciate the cost of land. Using the straight-line depreciation method, divide the building value by 27.5 to arrive at your yearly depreciation deduction.

Principal Reduction

Principal reduction is the process of paying off a loan over time. While not exactly a tax benefit, your tenants assist in paying down the balance of the mortgage by paying rent each month. With rental income going to pay the principal balance each month, this effectively raises your equity in the property. This can be visualized in an amortization schedule.

Interest Deductions

On your Schedule E, the largest deduction for a rental property owner is often the mortgage interest for the rental property. Other interest expenses can also be deducted, and speaking with your CPA can ensure that you understand the details of what can be deducted to ensure you are maximizing any/all tax benefits.

Other Deductions

Other items you can deduct as a landlord include:

  • Insurance payments
  • Utilities
  • Repairs
    • Not to be confused with improvements. Improvements must be depreciated at the same rate as your property type.
  • Local travel
  • Taxes
  • And more


Owning and maintaining a rental property can be a very rewarding endeavor. Also, if done correctly, it can be a great way to not only make some extra money, but also provide some year-end tax benefits. As always, please reach out to the team at Patriot Realty if you have interest in discussing investment real estate opportunities.

* The Patriot Realty and its affiliates do not provide tax, legal, or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for tax, legal, or accounting advice. You should consult your own tax, legal, and accounting advisors before engaging in any transaction.


Data Derivatives…

On its surface, the idea of data analysis is fairly dull. Pouring over lines of numbers and percentages in an Excel spreadsheet doesn’t send too many people’s hearts aflutter. That said, the value of data and what can be derived from it is only becoming more valuable. Predictive analytics from big data analysis is driving not only how companies do business and the government functions, but also how people research, analyze, and decide to buy different products and services.

Continue reading ..

Patriot Realty salutes our heroes of past and present – the Veterans! Best wishes for Veterans Day!

Finding the right lender is as important as finding the right home

Looking for your next home can be an exciting process, but finding the money to afford that new home may not be so exciting. Very few people have enough money on hand to buy a house with “cash,” so you will likely need to finance the purchase with a home loan. It’s highly recommended that even before you start your home search, you should find the right lender that can work with you to become “pre-approved” for a loan to buy your ideal home. With quality home inventory under $600,000 being very low and selling really quickly because of the high buyer demand, having your finances in order before you set out on your house hunt will give you an edge over other buyers.

Continue reading ..

hunting for your next house?

It can be exhausting hunting for your next house, not to mention trying to decide which app or website to use. While these apps and websites are often easy and convenient, it seems like every year the number of these sites and apps grows exponentially, making the decision of where to start your search and knowing what information to trust even more difficult.

Continue reading ..