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Owning a house affords families the possibility ofbuilding wealth, not to mention memories for themselves and future generations.
Thanks to a shortage of inventory, housing prices continue to increase.
High interest rates only worsen the situation.
Target Homes That Have Been Sitting on the Market
Seeing a new listing is exciting.
However, youre likely not the only one looking at the new house.
Corcoran advised avoiding the shiny new listing.
Instead of visiting the new possibility, dig deeper to find a hidden gem.
Do your search based on houses that have been on the market nine months or longer.
It takes some work, but it may reap a discount.
Shop Off-Season
Spring and summer are commonly peak home shopping seasons.
That increases competition, making it conducive for sellers.
People dont like to shop in the wintertime or Christmastime.
They think its a bad time.
If you have the know-how, it pays to include fixer-uppers in your search.
A basement or back-of-the-house entrance qualifies as a second entrance.
That matters because a second entrance may reduce insurance costs.
Purchasing a house in a high-risk area will bring increased premiums.
However, this also provides an opportunity.
Buying a house is undoubtedly expensive.
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