When you list your home for sale, your agent will ask you to fill out and sign a few disclosures. These forms are for you to disclose any material defects, safety hazards or other defects which you know about in your home.
This year the real estate industry is experiencing a market frenzy with a colossal amount of buyers looking for homes. The inventory of homes available is historically low.
The real estate industry has been experiencing one of the hottest markets in history. This is due to low interest rates, historically low inventory and more than usual buyers flocking to the market, thus, homes have been selling in record time.
There is a lot of competition when buying a home nowadays. It is one of the strongest seller's markets we've ever seen in the real estate industry. The inventory of available homes is at a record-breaking low.
Real estate is cyclical year-over-year. The spring market typically begins in March. Many real estate professionals believe it begins right after the Super Bowl. The market normally remains strong, and home values rise, through the spring and summer months.
There is a lot of buzz among the general public as to if and when there will be a real estate market crash like the one in 2008. The fact is, there won't be. The real estate market is nothing like it was back then.
For most people, buying a house is the biggest investment they will ever make. The worth of the property, therefore, is of great importance throughout the duration of the owner's dwelling because the financial return on investment will come at re-sale.
It's tough being a homebuyer nowadays. Record sales, high prices, and lots of competition are only a few of the many challenges' buyers are facing in today's market. Here's what to be prepared for:
It is one of the best seller's markets the real estate industry has seen in a long time, perhaps event better than the mid-2000s. List your home for sale on the market one minute, and the next you're likely fielding offers.