Now that your home is sold, what happens next? Hometown Realty has put together this quick checklist to help sellers organize their documents and other things in order to ensure the final selling and closing process goes smoothly. Getting your house ready for New Owners Final Walk-Through & Closing Remove All Hanging Items [...]
When you make an offer on a home, your agent will ask for a check to accompany it (checks are the same as cash, and the deposit is typically 1% to 2% of the purchase price). Earnest money is made in good faith to demonstrate – to the seller – that the buyer’s offer is [...]
Under normal market conditions, the average time to complete the sale of a home is 30 to 45 days. Though, well-prepared home buyers have been known to purchase properties faster than the averages. Market conditions are a major factor in how fast homes are sold. In hot markets with a lot of sales activity, [...]
The national average for down payments is 11%. But that figure includes first time and repeat buyers. Let’s take a closer look. While the broad down payment average is 11%, first time home buyers usually only put down 3 to 5% on a home. That’s because several first-time home buyer programs don’t require [...]
You hear and read about these terms often in today's media. Read below to learn more about what makes a buyer's market different from a seller's market when it comes to real estate. What is a seller’s market? In sellers’ markets, increasing demand for homes drives up prices. Here are some [...]
This is a question that comes up frequently with many real estate customers. We hope this helps answer it. If the built-up equity in your current home will be applied to the down payment on the new home, naturally the former will need to be sold first. Some home buyers decide to turn [...]
