Despite a population growth of 2.18 percent last year, the number of new home starts remains low, while the number of rentals is increasing. With fewer homes on the market, competition to buy available homes is fierce. Investors are pushing home buyers aside using 1) fast offer submissions 2) cash offers and 3) above market offers to sweeten their deals. The National Association of Realtors warns “that continued tight credit conditions threaten to widen the wealth gap between owners and renters.” At the same … [Read more...]
Archives for January 2013
How to Determine the Value of a Home
When purchasing a home, price is usually a major factor. Buyers need to consider today’s value as well as future potential. Inner loop realtor Bill Edge says that a home is worth what a qualified buyer will pay for it. When sellers price their homes too high, they reduce the home’s appeal to potential buyers. Sellers who prepare for market by pricing their homes competitively are more likely to achieve the greatest success when marketing their property. The following four ways to value a home can help … [Read more...]