National & Local Real Estate Market Cycle Factors

Have you ever wondered how or why the real estate market follows cycles?

As with most concepts, ideas and opinions vary, and very few scenarios should include a blanket statement answer. Fact of the matter is that many aspects contribute to each area, with such complexity that truly determining the entire list of factors that affect any market cycle change, or series of changes, is not realistic or probable.

With that being said, there are certain high level aspects nationally and locally that contribute, affect, and determine the transition and current state of any real estate market. If you’re a real estate professional, investor, or financial company, you’re probably already aware of national and local factors that contribute to the market cycle changes within the real estate industry.

Why though are national and local factors important, even for consumers (buyers and renters) and non-industry related professionals?

If you can recognize, even as a one-time home buyer, the current national and local factors that contribute to a real estate market cycle, then you can feasibly understand, with educated reasoning, how those factors help you make a smart financial investment that ultimately allows you to Know the Home Before You Buy™.

As discussed by Dean Graziosi, one of the most highly acclaimed real estate investors in the country, various components exist within both national and local real estate market cycle factors:

National Factors:

• Interest Rates: (High Importance)
• Business Cycles
• Inflation
• Flow of Investment Funds
• Cataclysmic Events: (Usually Unpredictable)

Local Factors:

• Supply & Demand: (High Importance)
• Neighborhood Trends
• Migration & Job Growth
• Development Plans
• New Construction

Next week, we’ll dig a little deeper into each national factor component, exploring more information and aspects that relate and contribute to the current, past, and future predictability of national and local real estate cycles.

Until then, Know the Home Before You Buy™ by visiting www.NationwideHomeFax.com for all of your national real estate information needs & be sure to schedule your next seller’s inspection, pre-listing inspection, or home inspection with Home Fax™ Inspections.

Nationwide Home Fax™ LLC, its affiliates, The Home Fax™ Blog, and the author of this posting are not affiliated with Dean Graziosi, or any of his relatable entity(s) or party(s), and have referenced information used through this posting strictly as a secondary source from Mr. Graziosi’s book How to be a Real Estate Millionaire, without obligation or compensation.

Sellers Inspections: Benefits & Rewards

Home inspections are most often associated with buyers, but those who choose to have a sellers inspection completed prior to or after listing their home can benefit extraordinarily with their time, purchase price, and stress. 

In short, a sellers inspection is one of the best examples for the cliche saying: "It takes money to make money."

At Home Fax™ Inspections, you always get our 100% satisfaction guarantee, 24 hour report turnaround time, pre and post inspection record checks, innovative and easy to understand reports, as well as supplemental information to help anyone Know the Home Before You Buy™. We adhere to the ASHI Standards of Practice, provide convenient online scheduling and payment tools and are fully licensed, bonded and insured within the State of Michigan.

Here’s how a sellers inspection from Home Fax™ Inspections can help you maximize your sale price as a seller:

• Schedule the inspection at your convenience and have the ability to assist the inspector during the inspection process, which is otherwise uncommon during a buyer’s inspection.
• Be alerted to any items of immediate concern ahead of time, instead of during the buy and sell process, lightening last-minute problems and negotiations.
• Pre-awareness allows you to correct issues beforehand, or price the home at a realistic asking price if problems do exist, helping you save time and money without risking a potential sale.
  • By correcting any issues beforehand, you can review the inspection report prior to being generated and have corrections made, which:
    • Ultimately may encourage buyers to waive the inspection contingency all together in your gesture of forthrightness 
    • Helps your home show better and sell at a higher price, especially when no major issues are identified during the inspection process.
    • Permits you to attach repair invoices to the report that may eliminate prospective buyer suspicions before they walk away without making an offer. 
    • Gives you more time to shop competitive bids and make repairs at the most reasonable price, all while eliminating over-inflated buyer estimates or demands.

• Even more, all Seller Inspections and Pre-Inspections have the option of being listed online at www.HomeFaxInspect.com, enhancing the marketing appeal and visibility of the listing!

No matter your position, there’s no better option than HomeFax™ Inspections! Visit www.HomeFaxInspect.com today to schedule your home inspection or check out our nationwide services at www.NationwideHomeFax.com.

Home Staging & Decorating Impact for Buyers & Sellers

Buying a new home not only gives you the chance to make a sizable investment into your life & family, but also provides the chance to express your personal style through decorating. However, did you know that what seems like a great decorating choice may actually cause the room to look smaller than it is? Even the flow of the home may feel off.

This may not be costly to a new buyer, but every seller wants their home to sell fast and bring top dollar. No brainer, right? Well, did you know the way your home is decorated & staged may have a tremendous impact on the time and price point of the sale?

Don’t fall victim to home décor mistakes or poor staging -- watch this slide show to learn the top 10 home décor mistakes that make professional designers cringe & this how to stage a house article to increase your chance of success!

Resources like these help you put your best foot forward! 

Sellers Inspections: Advantages for Sellers, Agents & Buyers

Although buyers are most commonly known for having a home inspection completed, many sellers and agents are starting to see the enormous benefits from Seller’s Inspections and Pre-Listing Inspections. 

This approach has positive benefits for the seller, buyer, and agent.

• During a Seller’s Inspection, the inspector works for the seller. 
• This allows the seller to assist the inspector during the inspection
• Become aware of any safety issues or defects before a buyer walks away
• Shop competitive bids to repair any defects (or lighten the effect of a surprise defect)
• Price the home accordingly (instead of renegotiating the purchase price with inflated demands) &
• Have corrections made to the report that can be used as a marketing tool for sellers and agents.

Ultimately, buyers may waive their inspection contingency all together, potentially saving sellers tens of thousands of dollars from the purchase price, while increasing the commission amount of the agent and broker.

Check back as next time we’ll discuss how controlling the home inspection process will save you time, money, and hassle.