You’ve heard the stories. The agent was “unable” to show homes in a particular neighborhood because of pending sales. The one who recommended making an offer after only three hours on the market then later told you that it was impossible not to sell to anyone interested that quickly. It’s enough to make you want to become your own real estate agent! While many buyers still insist on doing their research, there are some things your agent knows about buying or selling property that can help fetch top dollar and cut through red tape, even when you might not fully understand why they do certain things.
The following are secrets your real estate agent won’t tell you:
1) There Is Less Risk in Buying a Home Right Now
With the stock market and economy doing poorly, it’s not the best time to put your money anywhere but in real estate. Yes, you can make 10% with little to no effort if you buy the right property at the right price. You’ll also have something more valuable than paper profits: equity! And unless you are planning on holding onto that property for only two years, avoiding capital gains tax by living in your new home for half of that time is simply icing on the cake. The longer you stay, the better it gets!
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