Power Tools for Buyer's Representatives

Young buyers in New York are savvy investors. They are taking research into their own hands and looking into such things are comparables, building history, and the financial stability of developers on their own. "Brokers say that younger buyers, especially those under 30, often approach their first home with cold calculation and an appetite for risk more often associated with real estate moguls." They conduct more research on their own and are willing to take on more risk. Making a downpayment of 10% or less is a comfortable option for them. "They treat these purchases first as portfolio diversifiers and only second as homes." The New York Times profiles the path of several young buyers. (NYT free registration required.)

Posted on February 16 at 12:42 PM | Permanent Link | Add a Comment (0)

Wondering how to cash in on a builder's need to reduce a large inventory of new homes? RealEstateJournal.com offers suggestions on how to get builders to give you their best offer. The author suggests: looking at builder websites, using websites that compile home builder listings and just doing a regular web search for discounts in your specific area. Looking for "spec" homes, finding out which builder has a large inventory (they might be more eager to sell), and asking builders directly about discounts can be good strategies to get the best deal. The author recommends several websites and offers specific search strategies.

Posted on February 5 at 05:52 PM | Permanent Link | Add a Comment (0)

Realty Times presents a case of buyers who are unhappy with the actions taken by their buyers agent. This case details what some buyers might be feeling as they go through the home buying process. Realty Times responds to the buyer and offers some suggestions as to how the process might have gone more smoothly.

Posted on February 1 at 06:16 AM | Permanent Link | Add a Comment (0)