In the Market: An agent is one of many resources for you
This weekly feature is a real estate news roundup from a millennial’s point of view. When a young professional moves from Indianapolis (median home price $125K) to San Francisco (median price $1 million), you can expect an adventure. Nneka Madus, a Bank of the West analyst in our Mortgage Division, did just that and has plenty to share in her quest to own a home in San Francisco.
In the age of the Internet, many potential homebuyers may think they can forego real estate agents and still land in their dream home. Let me tell you, I personally wouldn’t go that route. I mean you need every potential advantage you can get, especially in a highly competitive real estate market.
Teresa Mears from US News gives readers 12 negotiating tips you should know before buying a home. One tip: Use an agent. They know the market and should be able to help get you the research and stats to make a stronger offer. Another good tip: Get your finances in shape a few months before you start shopping. Mears’ piece may help you avoid mistakes and up your chances of success.
Would you be interested in a new home buying tool that could possibly help you make more informed decisions? Kenneth Harney in the Washington Post reports on a new service that is intended to forecast local property values. With inventory tight in many markets, it couldn’t have come at a better time. The new service may help homebuyers get a leg up in buying a home at the right price.
Here’s a bit of good news for homebuyers who weren’t able to land their dream home in the spring. Ben van der Meer from the Sacramento Business Journal has some optimistic insights and tips for summer and fall home shopping — like revisiting homes that may have been overpriced in the spring.