What Happens When A Home Purchase Contract Expires?, The Perils Of Overpricing, Did Home Buyer Down Payments Peak?

What Happens When A Home Purchase Contract Expires?

Real Estate Tip:

Overpricing a property reduces its selling price-it inevitably ends with price cutting & a weak negotiating position. The longer a property stays on the market, the less it will sell for. The key to selling a property for top dollar is pricing it correctly in the 1st 30-45 days it's on the market.

Real Estate News:

Home buyers retreated from record-high down payments across the U.S., with down payments reaching an average of 14.5% and a median down payment amount of $30,300 in the third quarter of 2024, down from the Q2 2024 historical peak of 14.9% and $32,700.

How Long Does It Take To Evict A Tenant?, How To Sell Your Home Tax Free, New York City Rental Price Cut

How Long Does It Take To Evict A Tenant?

Real Estate Tip:

Use IRS Code 121 to defer real estate capital gains on your primary residence.

Real Estate Insight:

The share of New York City rentals that cut prices surpassed 42% in October 2016, the highest level since December 2010.

Dumbest Thing An Investor Can Say To A Home Seller, Property Operating Expense Due Diligence Tip, Latest Home Price Increase Trends

Dumbest Thing An Investor Can Say To A Home Seller

Real Estate Tip:

Before you buy a previously owned property, call the local utility companies to try to get historical gas, electrical and water usage info.  This will help you more accurately predict your operating expenses

Real Estate Insight:

Home prices rising twice as fast as inflation according to Case-Shiller Home Prices Indices