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Buyers Should Buy in a Buyers Market


THIS IS THE FIRST TIME IN THE LAST DECADE WHERE YOU
COULD BUY MORE AFTER SELLING YOU CURRENT
PROPERTY.
YOUR PURCHASING DOLLAR CURRENTLY HAS MORE BUYING POWER DUE
TO SUPPLY AND DEMAND.
 
INTEREST RATES AVE VERY AFFORDABLE.
COMPARE THESE RATES TO THE RATES OVER THE LAST 30 YEARS, AND
THEN ASK YOURSELF THESE QUESTIONS – “HOW LONG WILL
THESE LOW RATES LAST?” “IS IT MORE LIKELY THAT THESE RATES
WILL RISE OR GET LOWER IN THE MAREKT TO COME?” PRUDENT BUYERS ARE
NOT WAITING.
 
TAX ADVANTAGES IN HOME OWNERSHIP.
THE TRUE COST HOME OWNERSHIP AND RENTING IS ONLY SEEN WHEN
ADJUSTMENTS ARE MADE FOR INCOME TAXES.
 
LONG TERM EQUITY GAINS.
LOOK AT THE HUGE AMOUNT OF EQUITY HOMEOWNERS HAVE GAINED IN
EACH OF THE LAST FOUR DECADES. ARE WE BEING SHORTSIGHTED TO
THINK THIS WILL NOT HAPPEN AGAIN?
 
NO EQUITY WHEN RENTING.
SHOW US A PICTURE OF THE PERSON WHO HAS GAINED ONE
PENNY OF EQUITY WHEN RENTING.
 
THERE ARE CURRENTLY MORE HOUSES TO CHOOSE FROM
THAN IN A SELLERS MARKET.
YOU ARE NOW AFFORDED THE OPPORTUNITY TO PICK (FROM
A NICE SUPPY OF HOUSES) THE ONE HOME THAT BEST SUITS THE NEEDS OF YOU
AND YOUR FAMILY.
 
YOU ARE NOT USUALLY COMPETING AGAINST MULTIPLE
OFFERS.
BUYERS TODAY ARE ABLE TO NEGOTIATE MUCH BETTER TERMS THAN IN
THE PAST TEN YEARS.
 
WHY PAY THE MORTGAGE FOR SOMEONE ELSE?
RENTERS GENERALLY HELP MAKE HOMEOWNERS RICH WHILE RECEIVING
NONE OF THE BENEFITS.

Buying/Selling | RISMedia

(TNS)—No matter the age or life stage, everyone makes mistakes when it comes to home-buying. Whether it’s picking the wrong location or buying more house than you can afford, the mistakes are often universal, says Ilyce Glink, author of “100 Questions Every First-Time Home Buyer Should Ask.” “When you’re in your 20s, your life isn’t […]

The post Common Home-Buying Mistakes People Make at Every Age appeared first on RISMedia.

5/14/2018 1:51:13 PM

Over the last decade, homebuyers have become more tech-savvy, beginning with a simple shift of traditional in-store shopping and REALTOR® office visits to Cyber Monday shopping and searching for house listings online. As the real estate industry continues to grow, consumers have come to adopt, and expect, a self-sufficient, on-demand technology experience, where they have […]

The post How the On-Demand Consumer Has Changed the Real Estate Industry appeared first on RISMedia.

5/10/2018 2:48:59 PM

(TNS)—Even when a seller and buyer agree on a price for a home, the deal can collapse if the property appraises for less than that price. For example, let’s say a seller lists his house for $325,000, the buyer offers $275,000, but they settle on $300,000. A week before closing, the appraisal comes in at […]

The post How to Avoid a Low Home Appraisal appeared first on RISMedia.

5/3/2018 2:05:53 PM

Mold. Radon. Lead. For many homebuyers, these are words that strike fear and introduce uncertainty into a real estate transaction. Depending on how severe the conditions are, they not only may be hazardous to the health of the home dwellers, but also may be deal-killers, as well. So, what’s the best way to manage a […]

The post Silent Killers: Managing Transactions With Hazardous Home Conditions appeared first on RISMedia.

5/2/2018 2:50:03 PM

(TNS)— A home inspection is an assessment of a home’s condition. Home inspectors not only identify problems with houses; they can give buyers information that will help them with the upkeep. “We want to teach them how to maintain the property because it’s the biggest investment they’ll ever make,” says Alden E. Gibson, a past […]

The post 5 Home Inspection Mistakes Buyers and Sellers Make appeared first on RISMedia.

4/22/2018 11:01:25 AM

(TNS)—If you’ve been thinking about buying a second home, now is a good time to take the leap. Mortgage rates are still historically low. But there are some vital things to do before you start shopping. Follow these steps to make buying a second home a smooth process: The best way to start the search […]

The post Keys to Buying a Second Home appeared first on RISMedia.

4/1/2018 11:00:20 AM

Today’s Ask the Expert column features Dan Steward, president of Pillar To Post Home Inspectors. Q: Should sellers get a home inspection to help the mortgage process along? A: If you’re a seller, it behooves you to get your own home inspection prior to putting your house on the market. But why spend money on one […]

The post Ask the Expert: Can a Home Inspection Help the Mortgage Process Along? appeared first on RISMedia.

3/27/2018 2:43:15 PM

(TNS)—Buying a home is a huge investment—probably the most significant purchase of your life. It’s not something you should do without preparation. Before you start on the road to homeownership, make sure you are ready. Improve your credit score. A high credit score snags you the best deals. “Below 660 or 680, you’re either going […]

The post 6 Things You Must Do Before Buying a Home appeared first on RISMedia.

3/27/2018 2:37:25 PM

There are many economic variables to consider when selling your home when interest rates are rising. If that’s the only changing economic variable, you’re generally going to see a negative impact on both home sales and home prices. This means as interest rates rise, the buyer pool for your home is going to shrink. In […]

The post What to Consider When Selling Your Home in a Rising Rate Environment appeared first on RISMedia.

3/13/2018 2:23:54 PM

(TNS)—With housing inventory far lower than demand and mortgage rates poised to rise, it’s going to be a competitive market for homebuyers this spring. If you’re looking to buy a home this season, here’s how to prepare yourself to enter the fray.  Get your financial house in order. Unless you plan on paying for the […]

The post 4 Ways to Prepare for a Competitive Spring Home-Buying Season appeared first on RISMedia.

3/4/2018 12:05:42 PM