Most of the U.S. has been experiencing a red hot seller’s market this year. While there was uncertainty about the state of the housing market at the start of the pandemic, sellers are now getting top dollar for their homes, and buyers are having a hard time snagging them.
The question on many buyers’ minds is when the tipping point will be. When will we start to see a shift from a seller’s market to a buyer’s market — will it be this year?
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When it comes to real estate, millennials find themselves in a unique position to make mistakes.
While some older millennials were lucky enough to find themselves in the sweet spot of affordable prices and disposable income, many younger ones make up ‘generation rent’, struggling to pull together deposits without the help of family members in a world of constantly inflating asking prices.
This lack of accessibility to the housing market has developed a generation that not only can’t afford to get on the property ladder but aren’t getting their house-purchasing mistakes out of the way before it harms them financially.
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After a long and arduous home-buying process, the anticipation of moving into your new home after you’ve made your purchase can be unbearable. You’ve spent months picturing your new life in a new space, and you want to do everything you can to ensure your move-in process is catastrophe-free.
Whether you’re a seasoned relocator or a first-time homebuyer, you may have already compiled a comprehensive checklist for moving into a new home. However, your laundry list of moving to-dos may not be enough to avert relocation-related disasters. Remember, being prepared for every possible hiccup will make the process painless, no matter what problems pop up along the way.
You’ve almost crossed the finish line of your new home purchase and are ready to move in! But first, you need to settle up the costs and pay for the property — and you’ll do all this at closing.
Here’s more on what closing costs entail, what you can expect to pay as a buyer, and what you can negotiate.
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If you’ve submitted an offer on a home for sale, you may now find yourself in a bidding war with other buyers — especially in a seller’s market like we’re experiencing today. When there is limited inventory and lots of demand, odds are that the seller will have loads of offers to choose from. It’s at this point that rather than giving up on your dream home, you may opt to adjust your offer by making the terms more seller-friendly or by increasing how much you’re willing to pay.
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