RESPONDING TO TODAY
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WHAT’S NEXT FOR REAL ESTATE? For nearly two years, the incredibly dynamic housing market has left buyers and sellers wondering what will happen next. In the absence of a crystal ball, they’ve turned to experts who’ve studied trends and crunched numbers to best guide their clients through the landscape of what’s to come. READ MORE | WATCH VIDEO.
RENTING OUT A ROOM IN YOUR HOME
HOW TO NEGOTIATE WITH DIFFICULT SELLERS
We’re living in a sharing economy, says Realtor. com, so it should be no surprise that 69% of homeowners in a recent survey would rent out part of their home if it had a separate entrance, kitchen and bathroom and 32% have already rented out a room, space or outdoor feature on their property.
Before you submit an offer to buy a home, you don’t know how the seller is going to respond. Some sellers are challenging – they don’t want complications or compromises. They can demand all-cash offers, no inspections and for you to pay over list price. The only thing you can do is make it hard for the seller to be difficult.
You can generate extra income by renting out a space in your home, but the price is a loss of privacy. You’ll be a landlord, so you’ll need to know about renting as a business, your community’s regulations and fair housing laws. READ MORE
Ask your Berkshire Hathaway HomeServices network professional to contact the seller's agent to find out what the seller wants as far as terms, if they’re open to doing any repairs and if other offers are on the table. The seller will appreciate knowing you’re trying to craft a reasonable offer. READ MORE
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