Buying and Selling a Home

Buying and selling a home in this real estate market is not for the faint of heart!

In today’s fluctuating financial climate, there are many areas that one needs to examine before they buy or sell a home.

For instance, if you’re thinking of buying a foreclosed house, you must ask not only the price, but about the financing that is offered, and what shape the property is in.  Often, but not always, the most recent owner has left the home in disrepair. But it is a reality and you must make an intelligent decision as to whether or not the home is worth fixing up.  Foreclosed homes can be a bargain or a burden; look at lots of properties and consider getting your own appraisal before deciding to buy.

Be aware of supply and demand whether buying or selling a home. Right now, the supply is much higher than the demand. Buyers are waiting to see if housing prices and interest rates have bottomed out. If you wish to sell your home, you must make decisions about what you have to offer as compared to other homes in your area. Creativity as well as price is the guiding force here as other sellers may be willing to hold a mortgage, pay closing costs, or include upgrades.

Buying and selling a home in this real estate market is tough, to say the least.  Learning as much as you possibly can about the process is imperative. Make sure you know the pros and cons of any decision you make about buying or selling. Talk to us for advice and suggestions on your specific buying or selling needs.

If you have questions, use the comment link below to contact us, or use the search for homes link at the top or bottom of this page.