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5 tips for buying a home in a seller’s housing market

Housing Wire

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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Agent commissions are being negotiated more often, but it’s a ‘tale of two markets’

Housing Wire

The interviews revealed that buyers in some markets are more open to taking on some of the cost of compensating their agents. While Redfin agents are seeing more negotiations, it’s more common in some markets than others. We’ve found a tale of two markets,” Fairweather said.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Set the stage: Educate your clients on the market This is your time to shine! Show off your real estate knowledge by educating your buyers on what the market is like in your area. Explain current market conditions: Is it a buyers market, sellers market, or a more balanced market?

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Sun West unveils NFT loan powered by AI technology

Housing Wire

They may close the transaction and transfer the NFT, or if they choose to not honor the trade, they forfeit their earnest money deposit, as customary in any standard real estate purchase.”. The multi-trillion-dollar real estate market is based on countless singular person-to-person transactions. “It

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10 Ways Agents Can Help Buyers Win More Offers in a Competitive Spring Market

BAM Media

March is here, and we all know what that meanscompetition in the real estate market is about to heat up. Spring brings out more buyers, and with inventory still tight in my market, multiple-offer situations are the norm. If the seller needs a quick close, line up financing to accommodate.

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Does Earnest Money Go to Your Down Payment? Find Out Here

Redfin

Its credited back to the buyer at closing: If the deal moves forward, your earnest money is applied toward your down payment or closing costs. However, if you back out of the deal for reasons not covered by contingencies (such as inspection or financing), you may forfeit the earnest money to the seller.

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How the Financing Contingency Works: Why Buyers Should Think Twice Before Waiving It

Redfin

When buying a home, few clauses are as important, or as misunderstood, as the financing contingency. This protective clause in your purchase agreement can save you thousands if your mortgage falls through, but in todays competitive market, some buyers are tempted to waive it. What is a financing contingency in real estate?

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