Do a well research before contacting a real estate agent when you are planing to opt a home. Grab as much possible information about the current market scenario or local happenings regarding real estate. This will help you to guide when you will bargain with your real estate agent to opt a home.
I would love to suggest some useful tips which will help you to get some information regarding real estate agent or may help you to opt a good new home!
At first keep a clear idea about two types of market that is 1. hot housing market 2.cold housing market.
Hot housing market is something like that where you will find a home will sold out at a very close rate to the asking rate. On the other hand, a cold housing market is all about rate where a home lingers on for long at market. In a word it will sold out at a low rate than market rate.
Go thorough local library/ newspaper having a real estate section, or reports of the Board of Realtors to get ample of information regarding this.
1. What are the recent sales rate of homes in the area?
2. What was the actual rate stated by the seller?
3. What was the past rate in the market before getting sold?
4. What are the information as above, for the past 1-2 years
job rate plays a significant role here if job rate grow high the home rate will follow suitably. Or if it become low the home rate will consistently declined.
Industry is also very important when you are looking for a new home at a affordable rate. The actual economic state of a certain region play a vital role here.
The basics point regarding local housing market is very vital for every new home buyer. So, keep yourself polished about all information related to real estate before hunting for a home !
This is really what home buyers should know. Thanks for sharing that good information, you really gave valuable information here.
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ReplyDeleteThank you for sharing this article. I love it. Keep on writing this type of great stuff.