Pent-up housing demand during the shutdowns is about to be unleashed as many coronavirus-related restrictions to daily life are lifted or relaxed and consumers return to the real estate market. Home sales are bouncing back from their bottom during the COVID-19 pandemic and many buyers are moving quickly amid the return of bidding wars.
Looking forward, the market is ripe for robust activity. Mortgage applications are defying economists’ expectations, rising 54% since April, the Mortgage Bankers Association reported recently. Mortgage rates for 30-year loans have broken through record lows three times in as many months, making borrowing costs favorable for prospective buyers who are looking to get off the fence and purchase. Meanwhile, home prices continue to rise, even as uncertainty around the pandemic persists.
Owning a home is more than having a permanent address. By investing in a home, you build financial stability, gain the freedom to create a home that fits your lifestyle, and play a role in strengthening your community!
Buying a home can be a complicated process and it can really be difficult to decide where you start. Have no fear! HomeTraq is here to help whenever possible!
With recent events HomeTraq very quickly put into place Live Video Tours so that people can now have the option do have a video call with an agent to tour the home. But which one suits you?
Many buyers wonder if the listing agent of a home they are interested in will show the home to them. The answer is "yes", as the listing agent is obligated to show his or her client’s home. A listing agent is hired by the seller to work 100% for the seller’s best interests.
Additionally some buyers wonder if they can save some money by going directly to that seller's agent to buy the home. On the surface, the thought of cutting out the "middleman (a buyer's agent)" may sound like a way to save time and money. While it may save time, the buyer will NOT save money on that specific purchase transaction.
Interviewing potential real estate agents before deciding on whom to hire is a good idea. It’s in your best interest to ask them some or all of the following questions to gauge their knowledge and fit with your needs. Take a look below, and let us know if there are any other questions you’ve found valuable when interviewing agents.
Are you ready to start looking at homes? At any one moment, buying a home can be: challenging, vulnerable, thrilling, terrifying, life-changing, savvy, collaborative, complicated, fun, overwhelming and immensely rewarding. Yup, it’s all that and then some.