A buyer can agree to pay the homeowner’s asking price, but after the bank conducts their appraisal, the price might need to be adjusted. The bank will only give the buyer a mortgage for the value of determined in the appraisal. Sellers must also keep in mind that today’s homebuyers are well-educated.
By assessing what we as human experts – more specifically, real estate agents – can do with that. the status quo. Today’s consumers expect immediate access to information and require a trove of.
Thirty-three percent of all homebuyers are buying their. agent who will represent them and not the seller. It’s a good idea to interview three agents before making a decision. Understanding all the.
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Are you actively marketing to millennial home buyers? If not, you’re missing out. Home buyers 36 years old and younger account for 34% of home buyers; the largest share out of all generations.. This growing group of real estate customers grew up in a digital age, which means their buying process differs drastically from that of older generations.
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And financing is, without a doubt, an important factor for those looking to own. Most buyers (76 percent) obtain a mortgage to finance their home, according to the Zillow Group Consumer Housing Trends Report 2017. Before you take on the responsibility of a mortgage, take a look at what many first-time home buyers wish they knew about financing.
By comparison, real estate agents are the second-most common resource for finding a home, with 87% of all buyers citing an agent’s help as a key factor. The most telling piece of data may be.
“As real estate agents, we read a lot of contracts and work closely with attorneys, but we are not attorneys,” explains Hillman. “An agent should never tell a buyer to sign something that they have not read. This is probably the most expensive asset in their.
Question: Should You Talk to a Lender First or a Real Estate Agent? A reader asks: "I am a first-time home buyer with a long-term stable job and good credit history. I believe I’ve done everything right in my life so far, and I don’t want to mess up when it comes to buying a home.