What Happens When A Home Purchase Contract Expires?, The Perils Of Overpricing, Did Home Buyer Down Payments Peak?

What Happens When A Home Purchase Contract Expires?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate News:

Home buyers retreated from record-high down payments across the U.S., with down payments reaching an average of 14.5% and a median down payment amount of $30,300 in the third quarter of 2024, down from the Q2 2024 historical peak of 14.9% and $32,700.

What Happens When A Tenant’s Lease Expires?, Rental Property Due Diligence Tip, First Time Home Buyers Take It On The Chin

What Happens When A Tenant’s Lease Expires?

Real Estate Tip:

Conduct a thorough local rental demand analysis before you sign a contract to buy a rental property.

Real Estate News:

The first-time home buyer market share decreased to a historic low of 24% (down from 32% last year), while home buyer's ages hit all-time highs of 56 years overall (49 last year).

Essential Home Clean Out Tips, Home Seller Occupancy Agreement Must Have This, US Housing Inventory Rises By This Much Since Last Year

Essential Home Clean Out Tips

Real Estate Tip:

If you allow the seller to stay in a property you are buying after the closing, make sure you have an airtight occupancy agreement that clearly spells out the dates of occupancy and the consequences of failure to abide by those dates.

Real Estate News:

US housing inventory is up 20% from the same time last year.