The current short supply of available homes coupled with low-interest rates has led to competitive bidding wars over properties. This sometimes prompts buyers to add an escalation clause to their offer on a house. What is an escalation clause, and should you use one? What is an escalation clause? An escalation clause or addendum may… Read more »
You’ve found the home you love, but the market is competitive, and other buyers are vying for this same house. Besides offering a competitive price, what steps can you take to land the house you love? A strong home offer letter might do the trick. Here’s how. How a home offer letter helps When a… Read more »
Even in a so-called sellers market, it can still be a good time to purchase a home. Here’s why. Are You a Renter? If you’re currently a renter, you’ll likely face an increase in rent at the end of your lease — especially in a tighter market in a robust economy. With interest rates still… Read more »
When you get an offer to buy your house, take a deep breath and set aside your emotions. It’s time to negotiate using solid numbers based on the real estate market’s current conditions in your area. Crunch the numbers. Ideally, you and your agent did a Comparative Market Analysis or CMA before listing your home,… Read more »
