Buying your home can be nerve-racking, especially if it's the first time. The buying process is exciting and often complex. The chances of making a mistake are relatively high. In today's real estate market where demand surpasses supply, you can't afford to make mistakes. And this is just the tip of the iceberg. If you are in the market to buy a house, here are five pitfalls avoid. Not Doing Your Homework Well Fortune favors the prepared in real estate. And preparedness begins … [Read more...]
NAHB: Home Builder Confidence Grows After Lowest Level in 3 Years
After two months of declining builder confidence, the National Association of Home Builders Housing Market Index gained two points in January with a reading of 58. Component readings of the HMI were also higher with builder confidence in current market conditions rose two points to an index reading of 63. Builder confidence in housing market conditions over the next six months rose three points to 64. The index for buyer traffic in new housing developments rose one point to 44. While index … [Read more...]
What Happens After Your Offer Is Accepted?
When you make an offer on a home, you wait anxiously to see if it will be accepted. Sometimes you're lucky enough to hear back within hours. Other times you could wait days or even weeks. But once you get that good news that your offer has been accepted, what happens next? It's a common question, and one that your real estate agent can help you with. In general though, here's what you can expect. There's A Home Inspection A home inspection needs to be conducted in order to assess the condition … [Read more...]
Big Cities vs. Secondary Markets: Where to Buy?
Atlanta, Charlotte, New York and Los Angeles are always on the real estate radar because of big ticket sales and good media coverage. The secondary markets - those markets without the celebrity undertones - may actually be better deals. With the price of borrowing money rising and occupation rates dropping in primary markets, places like Nashville and Birmingham are looking better to investors. Where Are the Secondary Markets? A secondary market is generally defined as a mid size or large city … [Read more...]
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