While in the process of purchasing a home, you are going to want to have a home inspection performed. It's a security blanket of sorts for you to be sure there aren't safety hazards and major defects in the home.
Not many people know that all real estate agents can not call themselves Realtors®. In order for real estate agents to call themselves Realtors® they must belong to the National Association of Realtors® (NAR), their state Realtor® associations and their local Realtor® associations.
Professional-quality still photos are one of the most important marketing tools used in listing homes for sale.
Past real estate market cycles have always shown real estate traffic to start kicking in after the winter holidays. Spring and summer real estate markets have always been the busiest. However, there are some signs that fall may be the new selling season.
In Part 1 of this topic, it became clear that a number of factors could combine to make what was once affordable now cost-prohibitive. Inflation, rising interest rates and climbing property levies, among other variables, are putting some coveted properties out of buyers' reach.
The velocity of change over the last few years -- in the culture, economy and government -- is head-spinning. Inflation is affecting household cash flow; older social values are jettisoned in favor of new ones; and the world seems to be on the brink of geo-political collapse.
Now that the real estate market is transitioning with softening sales and rising interest rates, it is important to be in the know as a home buyer. Here's how to prepare yourself for the ride:
The real estate market is starting to change. We are experiencing a shift from the sizzling hot seller's market we have had the past couple of years to a more balanced market.
For the past couple years, homes have been selling fast and home values have been increasing at record-breaking rates. The inventory of listed homes on the market has been historically low. This is starting to change, however.