What does it mean to fail at a bidding war? If you enter a bidding war, and someone else gets the property, it might be a failure. It might not. Three ways to fail at a bidding war: Pay more for a property than its market value. And choose a property that does not...
Watching the Market
Beware of Competition
The hardest part of the spring market is that there are more buyers in the marketplace. There are also more houses and condos for sale. You are more likely to find yourself making an offer when another buyer is making an offer on the same property. People call these...
Navigating a Competitive Housing Market
The hardest part of the spring housing market is that there are more buyers in the marketplace. There are also more houses and condos for sale. You are more likely to find yourself making an offer when another buyer is making an offer on the same property. People call...
Why is the Price of that House So Low?
Suppose you see a house that seems like a great deal. If it is too-good-to-be-true, it is time to figure out if it really is true. The house is listed on your local multiple listing service, or Zillow, or Realtor.com for much less than other houses of its size...
Tips for Buyers in the Spring Market
Throughout America, there is higher real estate activity in the spring, summer, and fall. Generally, people do not choose to sell their houses in the late fall and winter. Homeowners would rather not be showing their houses during times that will interfere with...
Unlocking Opportunities: A Guide to Investing in Vacation Homes
In recent years, there has been a notable increase in the popularity of vacation rental investment properties. The surge in demand for vacation homes and local getaways, driven partly by prior travel restrictions during the pandemic, created an opportune moment for...
The Pros and Cons of New Construction Homes
In the ever-evolving world of real estate, consumers are faced with a crucial decision when searching for their dream home—should they opt for the charm of an established property or embrace the allure of a brand-new construction? Given the frenzy of new home...
The Commission System and Buyer Agency
The National Association of Exclusive Buyer Agents supports the Multiple Listing Service because it offers up-to-date property information for home buyers. Good information helps buyers make informed decisions. Widely available information levels the playing field so...
Defending the Rights of Home Buyers and the Integrity of the Real Estate Market
The consumer advocates of the National Association of Exclusive Buyer Agents (NAEBA) warn that separating buyer agent commission from real estate practice will harm homebuyers. It is a misguided attempt to lower overall fees to consumers. Instead, it will lead to...
14 Historic Cities to Buy a Home
Buying a home in a historic city comes with many perks, and a few risks as well. Whether it's the founding of America in cities like Boston and Philadelphia or the Wild West in San Antonio and Santa Fe, there is a city that fits every type of search for a blast from...
Pending Home Sales Decline But Still Strong Overall
Pending Home Sales, which measure signed contracts on existing homes, fell 1.2% in March, though this was stronger than the 1.8% decline expected. Sales are now down 8.2% year over year. There is no doubt that higher interest rates could be impacting demand, but this...
Home Buying Report Winter 2022
Many consumers know that the off-season is typically the best season for bargain shopping. In most US markets, the off-season for home buying is the winter, particularly during the holidays and in the first quarter of the new year. However, winter home buying creates...