Like most residential real estate professionals, you likely know that there's more to a home's appeal than its granite countertops and hard wood floors. Homebuyers today follow the mantra of "location, location, location" with resounding commitment, especially when it comes to schools. This may require you to do a little—or a lot—of research prior to showing or marketing a home.
Keeping things consistant throughout the closing process will help ensure you have a predictable and stress-free closing experience. Here are 5 tips from our closing experts.
Low mortgage rates and improving optimism across the country have helped entice first-time homebuyers into the market. Several recent studies have shown that in most areas, buying a home is a superior fiscal option than renting, and as a result, many lifelong renters have become homeowners. However, it's not only young people that have been tempted by the favorable market.
The process of buying a home is typically long and involved, and many people who enter it are anxious to get it over with as soon as they can. Whether they are pressured by time concerns or simply anxious to start life in their new home, many buyers look for ways to accelerate the process. However, with such an important process, most experts recommend that homebuyers exhibit patience and take the necessary time to find the right house for their needs.
When the housing crisis and economic recession hit, it put many prospective homebuyers’ plans on hold, forcing those considering purchasing a home into the rental market. Now, as the economy continues to improve, some of those renters are looking to own.
There are many reasons why the real estate market may be somewhat appealing to some right now. For the first time since the recession, there has been steady and consistent growth that has investors cautiously optimistic about getting back into the market. With additional government tax incentives for first-time buyers and a significant portion of the population considering purchasing a home to be a wise investment, quite a few will be looking to take advantage of near-record-low interest rates.