Home buyers who successfully purchased a home last year only viewed a median of eight homes before purchasing. For some buyers who put down multiple contracts and repeatedly lost bidding wars, this may seem like very few, however for others who found limited housing inventory in their area, it may seem like a wide selection.
The fraction of buyers who are waiving appraisal and inspection contract contingencies has been trending downwards in recent months, according to NAR’s December 2021 REALTORS® Confidence Index Survey, a survey of REALTOR® transactions. In the December survey, 19% of buyers waived the inspection contract contingency, down from a peak of 27% in July 2021, while 21%
It’s virtually impossible at the moment to hire anyone to do any repair, maintenance or construction work on your home, no matter how badly you need it. Right now, repair people are like the hottest kids in high school. Remember them? They were attractive. They had godlike skills at pretty much everything. The whole school
A North Carolina Court of Appeals judge ruled against a Weaverville man claiming TruPoint Bank defrauded him when he tried to get money to purchase property in Washington, D.C. The appeal ruling was 69-year-old David Russell Roberson’s second loss in a case the real estate professional has been fighting since 2019. It stems from his
Learn what repairs and upgrades to avoid when preparing a home for sale. Preparing to sell a home can be daunting. Popular shows like “Fixer Upper,” “Flip or Flop,” and “Property Brothers” make it seem like you have to spend thousands of dollars and make renovating a full-time job to prepare to put your house
Despite the current hype around home buyers paying all-cash for homes, the majority of home buyers finance their home purchase. Among primary residence buyers, 87% percent financed their home purchase, a share that rises to 95% among first-time buyers. When financing a home, buyers typically put down a downpayment, but how much? One of the