In an article published In Forbes, "The three Rs" of Real Estate Recovery & Rising Interest Rates was covered. The article is primarily in relation toÂ Real Estate Investment TrustsÂ however there are a few comments on the general housing market trend such as:
"Positive housing market trends in terms of pricing, volume, inventory and sentiment continue across the country. As a result, housing should remain as one of the noteworthy drivers of the U.S. economy and likely be an engine of future growth for the current â€œplow-horseâ€ state of the U.S. economy."
You can read the full articleÂ here.
Elias & Associates Realty
Personalized, High Quality Real Estate Services in the Greater Austin Area
On August 7th President Obama was interviewed by Zillow concerning US Housing. Among answered questions moderated by Zillow's CEO, Obama stated plans to introduce housing reform measures in Congress this year.
You can view the video clipÂ here.
Elias & Associates Realty
Personalized, High Quality Real Estate services in the Greater Austin Area
Many prospective home buyers start off by using Trulia and Zillow until they find a home they really like. At that point, they realize they need a Realtor to get into the home. Well do you simply call the listing agent for the particular home you're interested in or do you try to find a good Real Estate agent to represent YOU, the buyer?
There are two agents for each real estate transaction. One representing the prospective buyers and one representing the owners of the home they are trying to sell, the Buyer and Listing agents. In the State of Texas, the agent representing the prospective buyers gets paid by the Seller's commission. That means essentially that it is a free service to the buyer. This doesn't mean that as a buyer, you should simply go with the first agent that comes along to open up the door to a house you liked. That is by no means a good qualification for you to hire someone on one of the most important decisions of your life.
Don't get me wrong, many times you'll find great Realtors to work with that way, but I still believe that you should try to find someone that understands your situation and personality and who is knowledgeable enough to be help you effectively. Take some time to meet different agents and make a decision to stick with the one that you feel works best with you.
Once you have a buyer's agent working with you, he/she will help you:
- Get Pre-Qualified for a Mortgage Loan and determine how much of a home you can afford.
- Find and show you the home you like best.
- Submit an offer and negotiate for you.
- Ensure the home gets an Inspection and any repairs needed in a timely manner.
- Renegotiate as needed should any surprises arise.
- Ensure the mortgage loan comes to fruition on time.
- Schedules the closing.
So as you can tell, you'll be spending a lot of time and money with your new friend. Don't just jump on the first one that comes along. Take a bit of your time and find the right one for YOU!