For many years, the U.S. housing market has been climbing at a steady pace. Recent reports are highlighting changes, and in 2018 the purchase and sale of homes has reached a peak. There are a few contributing factors to the plateau such as tariffs on building materials and mortgage rates. Specific pockets of the country are being hit harder than others. So, what does this mean for home buyers and sellers?
It’s expected that shopping for a home can take some time, but many homeowners don't plan for the closing process. The closing proceedings involve the exchanging of titles, documents, and money to secure the deal for both the buyer and the seller. It's an arduous process but a necessary one designed to protect the sale of the home. This final step requires some refinement if you don't want to get stuck in a back and forth between you and the seller. There are a few tips we have to help you make the closing process smoother.
Buying and selling real estate may be one of the most important financial transactions that you will ever carry out in your life, but it’s also a lot of work. If the property in question has issues due to poor maintenance, natural conditions, or other factors, correcting these issues can be expensive and can complicate the sale of the property. The last thing that a buyer or a seller wants are complications that will slow or block the sale of property.
Dreaming of the future, exploring neighborhoods and finding the perfect home is an exciting time for most home buyers. For sellers, the process can be equally exhilarating as they prepare to take their next steps. And that wonderful moment when you learn your bid has been accepted (or, if you’re selling, you accept a bid) is a sweet one. For many buyers and sellers, however, that euphoria soon dissipates as the walls of closing-related paperwork begin to close in.