Buying a home is a complex and expensive process, but having the right guidance makes all the difference! If you are thinking of becoming a homeowner this year, these 7 steps will help you!
A 100-year-old, faded, one-armed Santa.
Christmas trees in every room of the house.
Photos of the current homeowners wearing nothing but their birthday suits and a few Christmas accessories.
Aftermath of a New Year’s Eve party including passed out guests complete with open and spilled adult beverages.
In much of the U.S., the real estate story of 2016 was low home inventory, especially in entry-level price ranges. Based on projections from industry analysts, we may see a similar market during the first half of 2017, and potentially beyond.
The inventory of homes for sale, especially entry-level homes, has been lean in many areas of the country. When several home buyers are interested in the same property, the competition can create bidding wars.
Most of the time, home buyers do not need to pay their agent a fee out-of-pocket since normally it is built-in to the price of the home, but that doesn’t mean the fee is unimportant. The National Association of Exclusive Buyer Agents (NAEBA) offers the following shopping tips on fees, commissions and referrals for home buyers.
How much is the home you want to buy really worth? The answer to that question is a matter of opinion; several of them, in fact! But it’s the homeowner’s opinion that determines the initial listing price.
And because homeowners often have an emotional attachment to the property, it can be easy for them minimize the flaws, while extolling the merits.
On September 7, 2016, the California Supreme Court will be hearing oral arguments on a case that could have ramifications for how real estate agents work not only in California, but across the country. Hiroshi Horiike v Coldwell Banker Residential Brokerage Company et. al. calls into question the representation owed by real estate agents and brokers to the parties of a dual agency transaction.
In a recent Realty Times article, Bob Hunt, Director of the California Association of REALTORS®, penned an article entitled, “Dual Agency Can Be a Good Thing.” In it, he argues that real estate transactions are different; that those negotiations are about getting the deal done rather than about one side winning or losing. Because of that, it’s OK for the REALTOR® to be the servant of two masters, working for the buyer and the seller simultaneously.
If a recent survey of the membership of the National Association of Exclusive Buyer Agents (NAEBA) is correct, home buyers will face increasing challenges in 2016. Most Exclusive Buyer Agents (EBAs), regardless of which U.S. market in which they do business, predict that inventory will remain low. According to one NAEBA member Exclusive Buyer Agent, “The big challenge in our market will be the shortage of inventory,” and another adds, “Low inventory and crushing demand mean most sales will be bidding wars.”