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Home Sellers,
Home Buyers
Realtors can be a major advantage to a home buyer, and because the commission for the Realtor is covered by the seller, there isn’t a good reason NOT to hire one. This is because realtors know what to look for when it comes to getting process down, and how to manage all the problems that can arise while buying a home. The purchase is likely to be the largest of your lifetime, so you should always have an expert working for you when going into a sale.
Realtors also provide access to listings that may not be available publicly. They have information on the area, zoning laws, school districts, and other pertinent information that should factor into any home purchase. Realtors know more about financing options and can help you get the lowest rates and best plans for payment. The realtor is experienced at closing and knows how to manage all the paperwork. Because of their knowledge and experience, a realtor is an invaluable resource, so don’t go into your home search without one if you can avoid it!
As a home seller, you also benefit from the resources available to a realtor. Realtors are experienced at bargaining, and can easily discover extra value in your home and market it in such a way as to get you more for your property. This is a great benefit, as it allows you to focus on your move, fixing up your house, and getting ready for the sale, while they take care of buyers. They can handle themselves until the negotiating process begins, and that’s when their talents really shine. Of course the best assurance that this process goes well is to make sure you get a realtor who’s going to work hard for you, so shop around and look into who you are hiring before hand.
Posted: April 9th, 2008 at 11:31 am |
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Posted in
Home Buyers
You may have heard that the housing market is undergoing a correction, but what you may not realize is that means the housing market is now saturated. This process of correction has been an adjustment due to the deflating of the housing bubble. Housing prices had risen at unprecedented rates, so buying was an expensive task. Well, with the number of the homes on the market the highest it has been in memory, suddenly the prices are coming back down. This means that the average person is more capable than ever of affording a home. And, because the market is simply undergoing a correction, long term investments in real estate are still completely viable and safe. This means now is a better time than ever to make a home purchase.
You want to be careful, however, as the situation of each house should be evaluated before a purchase. Don’t buy a foreclosure unless you are willing to shell out money to fix it up, because they usually fall into disrepair. Watch out for blocks with a large number of foreclosures, those are somewhat riskier areas to buy in, because a large number of foreclosures all at once can permanently harm a neighborhood. It is a good idea to be thinking at least ten years ahead when buying in a market like this, as it is almost impossible to know how the market will fluctuate in the short term.
Posted: April 9th, 2008 at 11:40 am |
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