Is now a good time to buy — or sell — a home? Here’s what Americans need to know about the hot real-estate market

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Low mortgage rates, rising home prices and a shortage of properties for sale have made for a complicated market.

With any purchase, people want to know if they’re getting a good deal. But when it comes to buying a home in today’s market, it’s hard to answer that question.

What does that all mean for people looking to buy or sell a home right now? Here’s what real-estate and financial experts say: Throughout the pandemic, people who already own homes have remained hesitant to list their properties for sale. To some extent, that’s a reflection of the health risks associated with COVID-19 — and certainly many people were worried about exposing their families to the virus by having showings.

“If it wasn’t such a strong seller’s market, buyers might not find that appealing,” she said. “However, buyers know that sellers have a list of buyers lined up — so if this doesn’t go through, the seller is probably going to find someone else to purchase their home.” Buyers need to come in prepared — in more ways than one As the wisdom in real estate goes, the best time to buy a home is when you need to because your life has changed. Many people opt to become homeowners after they get married or when they have children as a way to have more control over their housing costs while also building wealth.

 

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'...buyers are willing to make many concessions to make their offer more attractive. Savvy sellers can take advantage of this by asking to move the closing date to coincide well with the purchase of their next home, Renter said.' Well said 👍🏻

Crash is coming. Corps bidding on homes to drive up prices.

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