Market insights, property trends, and expert real estate advice
There have always been grifters and scam artists in the world who would love to relieve you of some of your cash. They get away with it every day, sometimes on a large scale, especially in real estate.
Recent statistics released by Realtor.com offer an encouraging forecast for this coming year. A slight decline in mortgage rates, are projected to ease affordability issues slightly, even while home prices continue to rise by about 2%.
For many years now the building industry and tech companies have sold consumers on the idea of a fully automated smart home, in other words, living spaces where voice-activated lights, automatic beds, climate systems and cameras work seamlessly together to give tech hungry buyers a product that is state-of-art.
In the real estate world, there are many different players who influence the outcome of a transaction, including appraisers, inspectors, lenders and contractors. Arguably the most essential is the real estate broker who bears the overall burden for the work load and coordination of the whole process from start to finish.
Out-of-area-buyers often only look at property during seasons of the year when there are not adverse weather conditions. Knowing how weather might affect a certain property or certain types of structures could be a vital deciding factor. Since there are many micro-climates in our region, there should be much research done and information gathered before making the decision to purchase.
Sometimes in the real estate business, Realtors® find that do-it-yourselfers have used certain methods to convey property (albeit a bit recklessly) without really understanding the legalities or the risks involved.
Realtors® frequently get asked about the value of property by owners who are just curious about how their property compares in the current market, or they really need to know because they will be selling soon or need the value for estate planning purposes.
Many real estate buyers seem reluctant to obligate their loyalty to any one real estate agent. One reason may be that they have the listing information available at their fingertips and don’t see the need to commit to one agent. That is fine until they want to view the listed properties or write an offer.
In a real estate transaction the stakes are usually high, whether it’s economic or emotional. For purchasers it may be the stress of making a purchase many times larger than every other kind of purchase that they have ever made or will make again. For a seller, they are selling what may be the most emotional object to which people ever become attached, their home. Either way, it’s a most emotional topic and you can expect that people won’t be rational about it.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Expert real estate market analysis with property trends and professional advice for Eastern Washington & North Idaho.
Real Estate brokers are frequently asked, “How is the market? What do you think it will do?” Of course none of us have a crystal ball, but some of us who have been around for awhile can probably offer an educated guess.