In Western NY, the process typically takes 60 days. If no financing is involved (buyer paying cash), the process may be shortened to 30 days.
The costs for buyers and sellers differ. Buyers can check out their common closing costs on my For Buyers page. The amounts differ based on whether a buyer is paying cash or taking a mortgage. I explain all costs in detail when I initially meet with a buyer.
Sellers costs revolve around transfer of ownership fees and commission. I explain all costs in detail when I initially meet with a seller.
A buyer’s market is when the supply of houses (inventory) exceeds the number of buyers. This usually occurs when the mortgage rates are higher. For example, when I bought my very first house, the mortgage rates were about 5% and buyers were abundant, however, the housing inventory was not. When I sold my home a few years later, the rates were over 7% and buyers were scarce.
A seller’s market is when active home buyers exceed the housing inventory. This usually occurs when mortgage rates are lower. This is when “bidding wars” occur and houses typically sell for asking price or above.
You can view the 11 major steps to buying a house on my For Buyers page. Rest assured, as your REALTOR®, my job is to guide you through the entire process every step of the way.
Take a look under the Sellers tab at my For Sellers and Home Staging pages. This outlines the incredible amount of marketing done to sell your home. As your REALTOR®, I acquire all of the information necessary to list the house, such as:
Most home sellers need the funds from the sale of their current house to buy a new one. This is accomplished one of two ways: