Selling your home can be a complex transaction with many twists and turns. One of those twists can be the home inspection. Knowing how to best respond to a negative home inspection can mean the difference between closing the sale or putting your home back on the market. It's best to put your ego aside, and prepare to compromise.
Some communities and neighborhoods are ‘hotter’ than others, and homes in those areas sell faster and for more money. If you are looking to purchase a home that is in one of those areas, and the home itself is priced fairly, you may find yourself competing with other buyers to get your offer accepted by the sellers.
If you find yourself in a multiple-offer situation, making a stronger offer than other buyers will make all the difference. To make your offer as strong as possible, and ultimately acceptable to the seller, here are some things to consider.
If you're reading news publications, consuming social media posts, and/or watching the evening news, then you have probably been hearing a lot about the housing market and how home prices are increasing by healthy percentages around the nation.
What does this really mean to you? If you saw a report that said home prices increased by 5% since this time last year, does that mean that the value of your home increased by 5%?