Nearing the end of a bizarre year, home buyers have changing needs for their new spaces. Sellers, take notice. Over the past six months, the course of daily life has greatly changed and, with COVID-19 still present as autumn approaches, home buyers’ desires have shifted accordingly. 4 ... » Learn More about Buyers want these 4 Attributes in Homes
Home Ownership
Bidding Wars Could Continue This Fall
As pent-up demand from the spring compounded to produce one of the busiest summers for residential real estate on record, the demand is promising to spill over into the fall months. Bidding Wars may still be around for awhile. “Normally, my brokerage’s sales start to dip after September, and we ... » Learn More about Bidding Wars Could Continue This Fall
Foreclosed Home – Bad Idea?
REO or real estate owned foreclosed homes can offer great deals but watch out for downsides that may occur with any foreclosure, like maintenance or permitting issues. Purchasing a Foreclosed Home from the Bank - Bad Idea? Question: We are considering a home in a great ... » Learn More about Foreclosed Home – Bad Idea?
Escalation Clause what is it?
Within a competitive seller’s market, a very common tactic to help win a bidding war - when multiple offers are made on one property - is implementing an escalation clause. What exactly is an escalation clause? Sometimes called an “escalator,” an escalation clause is when a ... » Learn More about Escalation Clause what is it?
June Existing-Home Sales Surge
U.S. home sales rose a record amount month-to-month in June, NAR says - but one of the reasons is due to the fact May sales fell dramatically in the early days of the pandemic. Existing-home sales rebounded at a record pace in June, in accordance with the National Association of Realtors® (NAR) ... » Learn More about June Existing-Home Sales Surge