Thursday, July 24, 2014

July 2014 - Real Estate Market Update

The pace of home sales rose sharply in May, reflecting the highest month-to-month gain in sale since August of 2011....Watch for complete report.

This month in Real Estate July 2014

Monday, June 30, 2014

June 2014 - Real Estate Market Update

Here are just a few What the National Real Estate numbers were tracking for you.

The number of projected home sales rose to 38,055, and the national avg home price for existing homes increased to $409,708. That’s 2.1% from last month, and up 7.6% from the same month last year according to CREA.

Monday, April 14, 2014

Why a Buyer Needs Representation When Purchasing New Construction

The spring market is traditionally the busiest time of year for the residential real estate market. If you're in the market for a home or are thinking about buying a new construction, it is recommended you be represented by an experienced buyer's agent.

Here's why:

  • An experienced buyer agent must work in the buyer's interest at all times.

  • The sales team at the new construction sales office is employed by the builder, therefore representing the builder’s interest in the transaction.

  • A buyer agent with new construction experience, knows the questions to ask the sales and project staff.

  • Objective professional advice and insight by the buyer agent, during all phases of the process, such as binder negotiation, construction, walk through, and closing will benefit you, the buyer.

  • While the sales staff will always give the appearance that prices are non-negotiable, an experienced agent can use recent and historical sales data to aid in the negotiation. Much of this data is not always readily available to the consumer without the aid of MLS access.

  • When it comes time to select the components of your new home, there are certain important questions to be aware of. An agent with prior new construction sales office experience, will know exactly the right questions to pose to the sales representative, to make sure their client is not out pricing their new home.

Consider walking through the door being represented by your own Realtor. This advice will help set you in the right direction and aid you in achieving your goals.

Source: Lewisboro Daily Voice
Angela Lanni is an Associate Real Estate Broker with Houlihan Lawrence Inc., Yorktown