Top Tips for Home Buyers and Sellers in 2016
Buying & Selling Tips for 2016
In case you missed it Realtor.com® just released "Top Tips for Home Buyers and Sellers in 2016" to help guide house-hunters and home sellers on what's most important for buying and selling a home this year. These are tips worth sharing with your clients. (As always, look at your local market conditions and use your professional judgment to determine if these tips are 100% on-mark for you.)
Two we found particularly interesting:
For buyers: "Buy in the Midwest or South. The Midwest and South will likely offer the most affordable options for home purchasers in 2016. Realtor.com® singles out the following markets as offering buyers high affordability, rising inventory, and some of the most favorable lending standards: Dayton, Ohio; Birmingham-Hoover, Ala.; Harrisburg-Carlisle, Penn.;Augusta-Richmond County, Ga.-S.C.; and Des Moines-West Des Moines, Iowa."
For sellers: "Consider an incentive. Is there something extra a seller could throw in to entice buyers? Sellers who are open to negotiate beyond just price may find more success in hooking a buyer. Thirty-seven percent of all sellers offered some type of an incentive last year."
Take a few minutes to check out the other six tips, covering best season to list, surprising facts about new construction, where mortgage rates are predicted to be by the end of the year: