A post settlement occupancy agreement happens when sellers and buyers agree to allow the seller to stay in the house after settlement. This can happen for a variety of reasons. Sometimes, sellers need to stay in a home to finish out the school year. Other times...
Market Trends
Seasons of Real Estate
Not every year is the same, but there's a pattern. First, though, I want to remind you that it takes about five weeks to close on a house, once you have an accepted offer. Here, I am talking about when you get your offer accepted, not when you close. So, for example,...
Real Estate Market Coming Up Roses but Buyers Should Beware of Thorns
The end of winter signals the beginning of the busy real estate season and the National Association of Exclusive Buyer Agents (NAEBA) is renewing an effort to educate buyers about the various choices for agent representation in the home buying process. While most...
Buyer Agent-Eye View: Boston Area
**This is the first in a new series we are offering on local market conditions. All articles will be written by a NAEBA member in that market area. We hope that this will help you further understand your local market as well as other markets in the area. As always,...
Buyer Agent-Eye View: Bethesda
Hot, Hot, Not During the first three months of 2014, Bethesda had a hot market with 130 Single Family Homes (SFH) and 46 condos sold. There was a tremendous feeling that we were already in a full-blown Spring Market. It felt like a great beginning to a hot, hot year....
Buyer Agent – Eye View: Orlando
ORLANDO median home prices climbed 24% in 2013, as short sales dropped 33% and foreclosures dropped 11%. Normal sales went up 42% as the Central Florida housing market rebounds better than any other large city in Florida. Overall, home prices are on the rise which...
Buyer Agent – Eye View: Seattle
Seattle Property Market Well, it is official - last year Seattle was the fastest growing city in the US. From July 1, 2012 to July 1, 2013, Seattle grew by 2.8 percent — the highest rate among the 50 most-populous U.S. cities. Seattle added nearly 18,000 residents and...
Buyer Agent – Eye View: North of Boston / Cape Ann
Winter tended to linger this year in our part of the country bringing a later than usual spring crop of new listings. As homes became available, pent up buyers were more than ready to make offers. And so the bidding wars began. “Affordable” single family homes...
Buyer Agent – Eye View: Cincinnati
Cincinnati, Ohio, The following information was contained in a press release from the Cincinnati Area Board of Realtors on May 22. 2014. The most recent tabulation from the Multiple Listing Service of Greater Cincinnati was for April, 2014. Year over Year for the...
Buyer Agent – Eye View: Western DC Suburbs
In the western DC suburbs, primarily Montgomery and Frederick counties, our market is always driven by what happens in the northwest DC market. This area did not experience the huge numbers of foreclosures that hit so many other parts of the country but values did...
Buyer Agent – Eye View: Greater Boston
It is folly to pretend to be able to predict any real estate market. A year ago, I got this email from Kiplinger [italics mine] June 10, 2013: Home prices soaring by 20% or more over the past 12 months. Bidding wars. Houses sold just days after the for-sale sign goes...