Good luck to all first time home buyers don’t be overwhelmed by the process, just know that it’s worth it. #realestatetips #firsttimehomebuyer #ScottAhing #realtorlife??

When you want to sell your house, it might surprise you to learn that there are times when putting it on the market is going to result in a quick sale. But another time will lead to your home sitting on the market for months without an offer.

Most homeowners don’t understand how they can tell if it’s a buyers’ or sellers’ market. This is something that an experienced real estate agent can tell you by showing you the most recent data on what’s going on in your area.

You have to keep in mind that the data for one particular city or town may not mirror what’s going on in another. You can have a buyers’ market in one city in a state and a sellers’ market in another city in the exact same state.

The difference will come into play when a property can or can’t be moved. This is something that your agent will have access to as well. But it is something that a homeowner can discover on his own.

Selling a house works just like any business does. It’s based on supply and demand. When you have a lower inventory than you have customers, the demand is high.

So that means that it’s a sellers’ market. This market can also change even within the same town or city. One neighborhood might be a sellers’ market while a neighborhood a mile down the road will be a buyers’ market.

Other things can sway the type of market it is would be issues such as the amenities that the area offers. If it has what people are looking for, that can also alter the market.

Some things that change a market are which school district the home is in, proximity to places of convenience, and desirability of the area. A market can also be influenced by the selling price of the house.

Homes in a certain price range may be more in demand that other houses are. If a buyer has a lot of homes to choose from in the area that he wants to be in, then it’s a buyers’ market.

If there are few homes in that area, then it’s a sellers’ market. You can figure it out by asking your agent or you can go online and look at the number of homes that are for sale in your area.

Then check to see how many of them have a sale pending. When you divide the listed properties by the contracted ones, that will tell you the sales rate or the number of inventory that’s moving versus the amount on hand. If it takes homes less than six months to sell, that’s usually a sellers’ market.

Advantages available on hiring the competent real estate professional
 

• First of all, it is not possible for all the common people to know in details about the changes in the laws of the State regarding the operations in the real estate market. But the real estate professionals always keep themselves updated about every law of the land in the real estate sector, for which they can effectively advise their clients in this matter and help them buy their chosen properties without any legal hassle.
• The licensed real estate professionals are all ethically bounded to follow the rules set by National Association of Realtors, for which none of them can ever betray or make fool of their clients in any way. So the buyers or sellers can be assured of getting the best services from their hired agents, who will surely take full care of their clients’ interests.
•  The real estate professionals keep full information about all the properties available for sale or on rent, even the ones listed by the other agents of the city. So their clients can hope to buy houses of their choice here, as their agents contact the other agents hired by the sellers of those chosen properties and help in closing the deals in satisfactory manner.
• The experienced real estate professionals like me can handle all the documentations needed for buying or renting any property in New York, which are very important for closing the deals successfully, so that no legal problem may arise in future. These documentations may not be done perfectly by the clients, mainly in case of buying a new home in this city. Moreover, all their doubts regarding the paperwork of the deal can be cleared by their agents, who have full knowledge about all the legal necessities.
• It is much easier to negotiate with the other party for buying or selling a property, when the expertise of the hired real estate agent is used as a bridge between the two parties. Thus, the clients do not need to face any uncomfortable situation of arguing or bargaining with the other parties regarding the prices of the chosen properties, due to the intermediate role played by the agents of both sides.
• Since the real estate professionals like me are well aware of all the locations of this area, they can suggest the best properties to their clients as per their requirements about their new homes. These agents can also introduce the buyers or tenants to the availability of all necessary services near their new homes.

Therefore, people need to avail the services of the real estate professionals like me, for getting their required homes or for selling their properties in this city.