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October is one of the better months to buy, or sell.
Homebuyers, according to RealtyTrac®, tend to get the best deals in October, based on an analysis of more than 30 million single-family home and condominium sales that happened over the last 15 years—of the 2.7 million sales closed in October over that period, the average sale price was 2.6 percent below average estimated full market value.
Why the downtrend? One of the main causes is lesser demand, which results in lower prices. Another cause could be the presence of "spring leftovers"—the homes that didn't sell in the spring or summer placed back on the market, at a reduced price, in fall.
Historically, fall has been an ideal season for homebuyers—it lacks the pace of peak real estate season, which can be intimidating (especially to newcomers), and it offers time to b...
Buyers are so hyper-focused on the home that they often cast aside surroundings. "Surroundings" do not equal trees, fences or landscape. The home's surroundings are the houses around the home and the residents occupying them. Surroundings also include the neighborhood, the passersby and the city. Surroundings are the home's location and it bears equal importance. Here's why location is essential to any future real estate decision.
Safety
Is the perfect home near a busy driving area consisting of drug houses, screaming kids and problematic neighbors? If so, stop reading; plenty of communities exist for you. For the rest of us, this isn't an ideal neighborhood. Pay extra for a safer neighborhood. They're packed with stores, shops, restaurants, and banks nearby; a rarely noisy community is surely waiting for you. A...
The process of buying a new home is stressful, even if you've already done it before. Looking at properties, researching areas, processing paperwork, etc., can all take a toll on your schedule and daily life. With all this going on, the last thing you should have to worry about is saving money when it actually comes time to buy the property. Use the following five tips for saving money on your next new home:
Always Use a Real Estate Agent
One of the biggest mistakes people make is trying to purchase a home without a licensed real estate agent. Not only can an agent help with paperwork, but they'll also know how to negotiate the price using fair market value, the actual condition of the home and other various factors.
Try Not to Pay PMI
Also known as private mortgage insurance, this is tacked...
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