Being a Buyer in a Balancing Real Estate Market
There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers.
There is a lot of news in the media about the real estate market starting to cool down for sellers and balance out for buyers.
The real estate market is starting to show signs of balancing. This means that the sizzling hot seller's market will be softening up a bit. It won't turn into a buyer's market right away. In fact, home values are still rising.
Many locations require home sellers to sign a radon disclosure form before they sell their homes. This disclosure informs prospective buyers whether or not the sellers know of any higher than acceptable radon levels in their homes.
Home buyers almost always have a professional home inspection performed by a licensed inspection company when they purchase a home. However, it is not a bad idea for sellers to have a home inspection, or pre-listing home inspection, performed as well.
Before, during and after the COVID-19 pandemic, home prices steadily climbed. These increases, combined with a growing but still modest inventory of houses for sale, make for hard times for banks and other mortgage lenders.
Inflation rates have been high and there is talk of a recession. Sound familiar? This was a similar story back in 2008. Back then the economy dove down into a deep recession and home values plummeted.
One of the most important tasks you can do to prepare your home for sale is give it a deep cleaning, inside and out.
Whether you have just purchased an investment property or have had one for some time, if it is ready for a renovation, you will want to carefully select your materials.
As you have probably heard before, curb appeal can definitely make a difference in home values. Curb appeal is what prospective buyers see when they are looking at homes from the front, or from the curb.