There’s no such thing as a perfect home, and as real estate agents, we know that well. When inspection time rolls around, it’s your responsibility to help them navigate their inspection findings in a way that results in a successful transaction for your client. Once the day of the inspection arrives, make plans to attend. It’s important to be on the same page as your client so you can hear how the inspector is framing his or her findings before the full report arrives and note any red flags you might see. Plus, each home inspection is a learning opportunity for you as the agent. To Repair or Not to Repair When deciding what asks to make of the seller and listing agent based on the final inspection, follow this hierarchy in advising your client: 1. Safety needs 2. Large issues 3. Cosmetic items Before making an ask of the seller, talk with your client about how it may affect the home sale. For safety and structural fixes or glaringly obvious needs, the seller and their agent are going to be more amenable to repairs without adjusting the home price. But for cosmetic changes—which may seem important to your client—you [...]
In September, for the fifth straight month, the Pending Home Sales Index hovered near its benchmark value of 100, registering 99.5.
According to the U.S. Census Bureau, the number of new homes sold jumped to 389,000 units in September 2012 on a seasonally-adjusted, annualized basis.
The National Association of REALTORS® reports Existing Home Sales at 4.75 million units in September 2012 on a seasonally-adjusted, annualized basis, an 11 percent increase from one year ago.
According to the U.S. Census Bureau, on a seasonally-adjusted, annualized basis, Single-Family Housing Starts rose to 603,000 last month, an 11 percent increase from the month prior and the highest reading in more than 4 years.
Tuesday, the National Association of Homebuilders reported its monthly Housing Market Index (HMI) at 41, a one-tick improvement from September and the highest HMI value since June 2006 -- a span of 77 months.
According to foreclosure-tracking firm RealtyTrac, in September, the number of foreclosure filings nationwide fell 7 percent from the month prior, and fell 16 percent from September 2011.
The number of U.S. metropolitan area showing "measurable and sustained growth" climbed to 103 this month.
Nearly five-and-one-half years after April 2007 -- the housing market's national peak -- prices are finally beginning to rebound.
According to the real estate trade association, the Pending Home Sales Index read 99.2 for August -- the fourth straight month in which the index hovered near its benchmark value of 100.