Finding the right realtor

Real Estate

One of the toughest things to do when you are looking for a new home is finding the right realtor. There are way too many to choose from, and you don’t know which ones have been around long enough to do the job of selling your home the right way. We struggle helping people make that decision, so we just try to educate them on what they should look for, and the type of realtor that may best be suited for them. Most of the time, buyers and sellers are going to look at realtors websites to get a good feel for them, or they will want to call a few realtors before they actually hire someone.

We find that searching the web for Youtube videos can be a good idea for buyers and sellers to see a potential realtor on video, and see if they like their personality. See below for an example:

These videos are fantastic because you can see who you might be working with, and also you can check out the way they carry themselves on camera! Most of the time, you will find a realtor who will be very personable, and if they are willing to get in front of a camera to showcase their personality, they are going to also be pleasant when you start to work with them.

Something to consider when looking for a realtor:

  1. Are you looking for a specific age of realtor? If you are over 50, and would rather work with someone who is relatively close to you in age, give that some thought.
  2. Do you want to work with a male or female? This is also important, and can be a big decision when it comes to hiring a realtor. Age and gender are the two most important things to look at when you are buying or selling your home.
  3. Are they personable over the phone? If you’re buying a home, you want to find a realtor that asks a TON of questions. This is so important because you want a realtor who not only asks a ton of questions, but also asks all the right questions. Buying a home can be an exhaustive process if you don’t have your exact criteria lined out before you and your partner or realtor.
  4. Do they have the support in place to help you quickly? We mean do they have people to help them write contracts, get offers out quickly, communicate with other realtors? If they say they don’t have the ability to get things done very quickly, you might not want to hire them.
  5. Lastly, if they say that they can get your home sold, or help you buy a home in a certain amount of time, you might want to search for another realtor. Any realtor who says ‘I will help you buy or sell your home within 30 days in any market’ is not worth going with in the first place.

For more real estate tips for your properties, contact us anytime.

 

What Impacts the Real Estate Market

Real Estate

market-updateThe real estate market is wide indeed, and it has fluctuations throughout time, because it’s about the request and the offer that can meet in this area.
There are plenty of houses to be bought right now, but this has not always been the case with this market. Sometimes, the prices are so high that only the richest people can afford to buy one, while other times, the same market offers almost anyone the possibility to get the house of their dreams.

Many things contribute to the evolution of this market and because this is fluctuating, we should take a look at what impacts it and what can change it for the better or for the worse.

The Financial Situation of the Country

As things happen to be, the real estate market is indeed influenced by the financial situation of the country. There are different things that contribute to this, and if the country goes through a financial crisis, then the prices can definitely go up. This has to do with the inflation of that country, and the prices of the materials. However, if the inflation is low, the prices will also be lower.

The financial situation is the main reason when the market fluctuates, and if you want to make a good investment, choose a moment when this is in balance.

The Offer

The offer is usually called the number of houses that are offered for sale. Sometimes, when there are a big number of houses that are for sale, the prices can go lower. This means that the needs of many customers can be satisfied with a big offer, allowing for the prices to go low.

healthy-real-estate-market-upIf people have a hard time finding a house to buy, this means that the number of offers is low, and the price could be up.

It’s equity when the number of offers is almost the same or close to the number of possible buyers, or people who want to buy a house.

The Salary

This is another thing that can influence the prices of the houses. Most of the people can’t afford to buy a house by paying cash for it, and the only option that they have is to look for a financial institution or a bank to finance their loan. When this happens, they have to have a decent salary to be able to cover the price of the house with the loan that they get from the bank.

This is also in a close relation to the financial situation of the country, because in the case of a crisis, the salaries will go low and people won’t be able to get access to financial products from banks.

The Materials Used

kk4In some cases, the price of the house can go up if the builder has used special materials. Some are cheaper and the end product will also be cheaper, while others are indeed expensive, so the price of the house will also be higher.

Of course, the price of the materials is given by other factors, and everything that was stated until now will also influence these prices.

The Time

The time will also impact the real estate market. For example, if you have made an investment in a house when the price was real high, and you have paid, let’s say $500,000 for it, in a few years the same house might value about $200,000. This is because the time has passed and the evolution of the real estate market has changed.

Every aspect that happens in the economical and political stage of a country will definitely influence the prices of the real estate market. This is because people will always need a place to live in, and many others are trying to make a big profit out of a basic need that everyone has.