November 2021 Real Estate Roundup
One more month until the end of the year. Real estate has been strong in many markets and should continue to be so in the near term. While sales have slowed somewhat, many markets are still seeing multiple offers on single family homes. More buyers though are sitting out the market and with the Federal Reserve on tap for raising interest rates in 2022 that will impact real estate as higher mortgage rates means buyers will be able to afford less overall. Check out some of the great real estate reads from November 2021 if you are interested in buying or selling.
What To Know About Instant Buyers
Instant buyers or iBuyers for short represent a relatively new trend in real estate where large companies in certain markets offer to buy homes in as-is condition for cash. These home buyers are not concerned as much about the condition of the home as their goal is to buy a home at a discount, fix it up/update it and sell for a profit as Bill Gassett explains. iBuyers are looking to buy homes at a discount from homeowners who want a low stress and fast transaction. This article provides an in depth look at the pros and cons of selling a house through an iBuyer program.
College Student Rentals
For those looking at college student rental real estate investment this article from Sharon Paxson provides some reasons as to where it may be better and where it may be more challenging. College student rentals are usually resistant to market downturns, have consistent demand and can provide good cash flow if managed properly. On the other hand, tenant turnover is high, and the costs to ready the unit for the next tenants can be costly. Read more of the article to determine if college student rentals is the right investment for you.
How The Pandemic Has Changed Real Estate Sales
Ever since the start of the pandemic with local shutdowns, social distancing requirements and more the way buyers and sellers transact in real estate has changed. While things slowly opened up those pandemic related changes to buying and selling a home still remain as Danny Margagliano points out. Real estate is much more digital than before. High definition photos, video tours, virtual reality tours and more are now the norm when it comes to marketing a home. Most of the documents related to making an offer can be done online as well as this article explores.
Things To Know Before Installing Solar Panels On Your Home
Solar panels can help reduce the electric bill for a home but that does not mean there will be a guaranteed return on investment. Homeowners have a number of factors to consider to make sure that solar panels make financial sensebefore installing them. Vicki Moore explores nine factors that can impact whether it makes sense to install solar on your home and is a must read for anyone wanting to go solar.
What Is My House Worth?
A house is worth what a buyer is willing to pay for it through an arm’s length transaction. While a homeowner may think their house is worth more than it really is, if no buyer is willing to pay that amount then the owner’s opinion is just that, an opinion. Kevin Vitali looks at the different ways there are for determining a home’s value and how those methods work. Not all methods are created equal when it comes to determining the value of a home as Kevin explores and some methods can be subject to wide variations when it comes to value.
Tips For Selling A Home In Winter
In the winter time there are fewer home buyers out and about looking for homes. Those home buyers that are looking generally are the ones who are more serious about buying as they are willing to brave the elements to find something to their liking. Properly setting the stage for selling a home in the winter means grabbing buyer’s attention. Home sellers need to put their best foot forward and showcase their home as demonstrated by the tips in this article.
Multiple Offer Tips For Home Sellers
The market is still strongly in favor of home sellers which means homeowners can expect to receive multiple offers when the home is priced correctly. In this article from Billy Rabbit he explores the best ways to review multiple offersto figure out which is the best offer. The highest offer amount may not always be the best offer. There are more things to consider such as contingencies, closing time frame and more in order to get the best outcome.
Should You Trust A Computer For Your Home’s Value
AVM or automated valuation model is a computer-generated value for a particular home. The AVM requires no human input at all and is based on a formula. Every AVM is a little different since they consider different factors to determine the value. Tom Horn takes a look at whether homeowners should be using AVMs to determine the value of a home. The quick answer is the AVMs can be inaccurate which can cause problems if one uses the AVM value to buy or sell a home.
Have you bought or sold real estate this past year? What has been your experience like? Feel free to share your thoughts in the comments below!
The Real Estate Roundup for November 2021 was provided by Greater Cincinnati Area Luxury Realtor Paul Sian of United Real Estate Home Connections. Paul is a licensed real estate agent in the states of Ohio and Kentucky and has over 14 years of experience. Do you have a home you are ready to sell now in Greater Cincinnati or Northern Kentucky? Be sure to contact me now!