Depending on the community you are buying or selling in, the real estate market may be competitive and moving faster than you might expect. While the market varies, there are three clear signs to look for that indicate a seller’s market:
Is it a Seller’s Market Now?
The real estate industry is evolving quickly, and technology has changed how most customers find, view, and buy a property. The internet remains one of the most popular resources for home buyers, according to The National Association of Realtors; 95% of customers who recently purchased a home report that they heavily used websites throughout their search process, and a record 51% actually found their ideal home that way.
It is in fact a sellers’ market right now, with a limited number of homes for sale and an influx of people ready to buy. For buyers, competition is getting fierce, but that may not be the only reason you are having trouble finding a home.
Warm weather is here and it is time to spruce up our homes. Whether you are preparing to sell or have just bought a home, there is probably some dirt and grime you need to remove from your home’s exterior.
Once upon a time it was actually cheaper to rent an apartment or condo than it was to buy a home, but that is not always the case anymore. It all depends on your location, but there are some areas where the monthly mortgage payment for an average-priced home is less money than the average monthly rent on a three-bedroom property.
Been on vacation recently and catch yourself dreaming of owning the house you rented? You are not alone. Many people find that when it comes to buying a second home, their ideal vacation property is found in places they have visited, loved and can see themselves returning to on a regular basis.
As a new homeowner, you may be surprised by a few things you didn’t think about when you were a renter. For example, you may have your own private well for water, and the home you buy may have its own septic system.
If you follow New Hampshire politics or the housing market, you may have heard a new acronym being tossed around – ADU. ADU stands for Accessory Dwelling Unit, and a new law went into effect last month in New Hampshire that requires cities and towns to allow them. So, what are ADUs, and why should homeowners care about them?
Just about every homebuyer has an image in their mind of what their next home will look like. After all, we tend to know what we really want. The question is, in a competitive market with rising home prices, do you know what you actually need?
As interest rates begin to slowly tick upwards, homeowners should take note. So far these small increases have not had a huge impact. But, since more increases are expected over the next year – and even more in the coming 3 years--refinancing or selling and then buying a new home may become costlier as time goes by.