6 Reasons Buyer Representation Will Benefit You When Buying Real Estate in This Market
By Emilio DiSpirito, Realtor, Team Leader, Radio Show Host of The Round Table Real Estate Simplified
Real Estate Advice: 6 Reasons Buyer Representation WILL Benefit You in Today's Real Estate Market
It's no secret that it's a pure sellers market in Rhode Island and a majority of the United States! Homes are selling as soon as they hit the market & prices are on the steady rise! Housing inventory in Rhode Island remains to be about 56% lower than a normal market. There are only 3088 homes on the market right now as opposed to 7,000+ being a healthy inventory.
So why are there so many buyers out there? You probably guessed it!! Interest rates are still extremely favorable at around 4%. Not bad when you consider the average 40 year rate is about 8.9%. With rates being low and home prices still a stretch in many areas from where they were in 2005 and rent being 29% higher than it was in 2009... Home ownership is now more affordable and desirable to all age groups vs. renting. ( So what exactly is happening in the Rhode Island real estate market?)
Ok, so lets recap:
- Housing Prices Are Up
- Inventory is scarce
- Bid Wars are Commonplace on turnkey properties
- There are over 183 Steps in the buying process
With everything working against you as the buyer... Why would you decide to NOT have an Exclusive Buyer Representation with a real estate professional? Here is WHY YOU NEED THIS!
- No up front costs to have many Realtors represent you as a buyer
- Overall knowledge of inventory right when or before listings hit the market!
- We suggest you link up with a listing heavy team so that you will know as soon as homes hit the market and sometimes you can get to be the first ones in the door!!
- Your Exclusive Buyers Representative Must do everything to protect you & your interests!
- Your Realtor can show you every home available on the market regardless of which agency has it listed or despite if it's For Sale By Owner.
- Your Exclusive Buyers Rep will negotaite a transaction for you!
- Realtors have access to ALL the data and COMPARABLE SALES!!
- Your Buyers Agent will connect you with reputable mortgage companies, home inspectors, closing and title companies, contractors and a long list of professionals you may need through the process!!
For a successful buying transaction in real estate, make sure you connect with a top real estate professional in Rhode Island today!!
Happy Hunting!!
CHECK OUT THE TOP 5 PLACES IN RHODE ISLAND TO BUY REAL ESTATE AND TO SELL REAL ESTATE!
CHECK OUT THE TOP 5 PLACES IN RHODE ISLAND TO BUY REAL ESTATE AND TO SELL REAL ESTATE!
Emilio DiSpirito
Realtor - RI LICENSE S35582
401-359-2338
See all available homes online here www.MyDreamHomeNow.com
Get your homes instant value report here www.TrustTheDove.SmartHomePrice.com
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