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.

Can U Keep A Home Buyers Deposit Money If They Back Out?, Which Data To Verify In A Real Estate Transaction, Adjustable-Rate Mortgages Soar

Can U Keep A Home Buyers Deposit Money If They Back Out?

Real Estate Tip:

In a real estate transaction, don’t accept any piece of important data that is provided to you until you’ve gotten third party confirmation of it (i.e. lease-verified rental income numbers).

Real Estate News:

Adjustable-Rate mortgage demand hit it's highest level in a year as interest rates continue to climb.