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Showing posts with label Buyer. Show all posts
Showing posts with label Buyer. Show all posts

Friday, April 18, 2014

Monday, October 22, 2012

Generation X and Y: More Knowledgeable about Homeownership since Housing Crisis


The housing crisis has made Generation X and Y more knowledge about homeownership according to a Better Homes and Gardens Real Estate, the online survey of 1,001 members during the Summer.  69% were ready to buy but unsure if they can maintain their lifestyle and the responsibility of homeownership while 61% have landed a secure job to start their path to homeownership.    

The future soon-to-be-buyers have stated that the tops three research before buying a home was home prices in prime neighborhood, interest rates and the securing a loan. I would say these are great areas to focus on. 

62% said that adjusting their lifestyle to save a home, 40% would work a second job or 23% would move back home with their parents.  

Sounds like the ups and downs of the housing crisis has influenced the Gen x and Gen Y about the risks and rewards of home-buying.  

For more tips, go to www.BetancourtRealEstateGroup.com

Monday, October 15, 2012

Is Housing Shortage Causing the Increase in Home Prices?

I'm pretty sure you are hearing from everyone that the housing market is on the path to recovery. In fact, California Association of Realtors (CAR) has announced that home prices rose for the third year in the row and will continue to rise in 2013. 

With many homes being sold, there is now a shortage of homes for sale.  In Huntington Beach, a realtor  hosted an open house on a short sale which pulled in 50 people in half an hour and produced 30 offers in one day! The days of lowball offers and other demands by buyers are history (for right now) and the once described balanced market has become a seller's market.  

As we approach the holidays seasons, serious buyer will continue to look through the holidays especially with the interest rates remaining at a historical low. 


FIND OUT YOUR HOME'S VALUE




Source: OCRegister.com


Friday, June 8, 2012

How to View An Open House

Whether you are just looking because you are considering to jump into the market or you have been searching for weeks and come across an open house near your neighborhood... here are some guidelines to make your Open House tour a pleasant experience.  


1. Have a Game Plan:  If you plan to give up an hour on a Sunday to view local open houses, set aside most of the afternoon.  This will allow yourself enough time to see each home and travel to the next one. 


2. Be Polite to the Real Estate Host: Even if you already are working with a real estate agent, don't give the agent house the cold shoulder. Smile and greet them.  Sign In, if you wish.  If the agent seems pushy or is trying to solicit your business, kindly tell him you already have an agent.  Thank them when you leave.  


3. Focus on the Property:  Prepared sellers will hand out a property description sheet with information like square footage, number of bedrooms and bathrooms and special features.  Use it to take notes and check off things as you walk through the house. 


4. Ask before you take pictures or record video:  The home is still someone's private residence so before you snap a photo or pull out the camcorder, ask permission. 


5.  Feel before you sit:  Some homes for sale are empty and staged with furniture.  Make sure to check the furniture is stable before plopping on the sofa or chairs. 


6. Look In (Not Rummage through) Closets, Built-In Drawers, and Cabinets:  Make sure there's enough storage in the home, but don't go through someone else's private belongings.  Check the width and depth of the closets, kitchen and bathrooms drawers, and cabinets.  And while you're at it, see if anything is broken or squeaks.  


7. Hold the Criticism til after you leave:  The seller calls the place home, so don't badmouth it during the tour.  Who knows who may be listening - the seller, a neighbor, a friend?  If you end up in a multiple offer situation where price and terms are similar, you don't want the seller choosing the other buyer because he heard you criticizing his home. 


8. Avoid TMI (too much information): There is nothing wrong with a conversation but keep the conversation foucs on the property and not about your situation and how your home search is going and when you need to move.  Use your best poker face.  Even if you've walked inot your ultimate dream home, don't show any emotion.  


Remember, the agent works for the seller so you don't want to share any information that could compromise your bargaining position.  


9.  Ask probing questions, politely:  It's okay to ask about the seller's motivation and if there are any offers.  Find out if there are special assessments or other fees.  It doesn't hurt to get the agent's insight on the neighborhood and nearby schools. 


NOTE: sometimes the open house is filled with open house agent than the actual listing agent who may or may not know the answers to your question.  


10. Listen to other buyers:  They may be your competition, but they may know something you don't about the property or he/she can't answer certain questions (like those that fall under fair housing laws).  


For more tips, advice and information on open house, visit FRONTDOOR's openhouse website.