Real estate Q&A: How can buyers protect themselves in a seller’s market? | Money

Q: We are house hunting, and our real estate agent warned us it is a “seller’s market,” and we need to decide quickly. This makes me nervous. What can we do to protect ourselves and still find a home for our family? — Gina

A: Despite the COVID-19 pandemic, or maybe because of it, many areas are experiencing a hot real estate market.

I have experienced several cycles of buyer and seller markets and have learned there are good and bad deals to be found in any market.

The basics of real estate do not change. First, remember that you are buying only one home, not the entire market. Keep looking until you find the house right for you. Homes are too expensive, and moving is too difficult to settle.

It would be best if you also kept realistic expectations. A deal that looks too good to be true invariably

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How can buyers protect themselves in a seller’s market?

Q: We are house hunting, and our real estate agent warned us it is a “seller’s market,” and we need to decide quickly. This makes me nervous. What can we do to protect ourselves and still find a home for our family? — Gina



a sign in front of a building: House for sale in Springfield, Ore.


© Handout/Dreamstime/TNS
House for sale in Springfield, Ore.

A: Despite the COVID-19 pandemic, or maybe because of it, many areas are experiencing a hot real estate market.

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I have experienced several cycles of buyer and seller markets and have learned there are good and bad deals to be found in any market.

The basics of real estate do not change. First, remember that you are buying only one home, not the entire market. Keep looking until you find the house right for you. Homes are too expensive, and moving is too difficult to settle.

It would be best if you also kept realistic expectations.

Read More Read more

Portland homes for sale: Prices rise, inventory plunges, both favoring sellers

Despite a roller-coaster stock market, lingering pandemic and uncertainty caused by natural and made disasters, the real estate market continues to connect buyers to sellers.

In August, 3,149 residential properties in Portland metro changed hands, according to the latest report by the local listing service RMLS.

“The drama this past month wasn’t real estate,” says Dustin Miller of Windermere Realty Trust in Lake Oswego. “Somehow real estate still forged ahead for so many who wanted or needed it in the past month.”

The low number of homes for sale continues to plague home shoppers and favor sellers. As a result, the median sale price rose to $449,000, a $4,000 or 0.9% increased from July, according to the RMLS.

Inventory of homes for sale last month barely increased, to 1.3 months, compared to July’s anemic 1.2 months. Basement-level inventory in a state with the largest housing shortage in the nation is

Read More Read more

Prices rise, inventory plunges, both favoring sellers

Despite a roller-coaster stock market, lingering pandemic and uncertainty caused by natural and made disasters, the real estate market continues to connect buyers to sellers.

Loading...

Load Error

In August, 3,149 residential properties in Portland metro changed hands, according to the latest report by the local listing service RMLS.

“The drama this past month wasn’t real estate,” says Dustin Miller of Windermere Realty Trust in Lake Oswego. “Somehow real estate still forged ahead for so many who wanted or needed it in the past month.”

The low number of homes for sale continues to plague home shoppers and favor sellers. As a result, the median sale price rose to $449,000, a $4,000 or 0.9% increased from July, according to the RMLS.

Inventory of homes for sale last month barely increased, to 1.3 months, compared to July’s anemic 1.2 months. Basement-level inventory in a state with the largest housing shortage in the

Read More Read more

Real Estate Professionals Point to Sellers’ Market in Oregon, Florida and New York Due to Low Inventory, Interest Rates

Real Estate professionals from across the United States say that current real estate market conditions point to a seller’s market in most areas.

Across the United States, many Real Estate Brokers say that inventory is low, so now is an ideal time to sell. For buyers, it’s a good time to buy before prices escalate. Seven professionals offer their insights about preparing to buy or invest in real estate in their areas ranging from Oregon, Florida, and New York.

Leslie Purdy, Real Estate Profitability™ Author and Broker Associate at EXP Realty, LLC, in Melbourne, located in Broward County, Florida, said now is the time to prepare for homeownership and real estate investments.

Purdy said, “First, save your money and have at least six months of living expenses so that you won’t be anxious about your safety and security. Second, don’t make any major purchases unless necessary. Third, pay off your

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