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Housing

Why Work with a buyer’s Agent when buying a home in california…

Buying a house is a significant event that typically happens once every 13 years. This infrequency can leave buyers out of touch with the latest changes in the real estate market. CENTURY 21 Real Estate Alliance Agents provide their expertise to assist buyers in making informed decisions throughout the home purchasing process.

Introduction

Buying a home is a big event in life. It affects your money, how you live, and your plans for the future. California’s housing market changes often and can be very competitive. That’s why it’s important to have help from someone who knows a lot about buying houses. Most people buy a house once every 13 years, which means they might not know about all the new changes when they decide to buy again. CENTURY 21 Real Estate Alliance Agents are there to give their knowledge and help buyers make good choices at every step of buying a home.

Expertise Through Experience

When buying or selling a home in California, it’s important to have someone who knows the area well. The agents at CENTURY 21 Real Estate Alliance have a lot of experience. They really understand the California homes and properties market. They can help both new buyers and people who have bought or sold property before. These agents will guide you to make good choices and keep you from making mistakes.

Market Insight and Analysis

The housing market in California has a lot of variety and can be quite complicated. There’s everything from busy city areas to quiet places in the suburbs. Agents at CENTURY 21 Real Estate Alliance are always learning about the latest market changes and studying the numbers. This means they can give you great advice on how to set prices and how to make deals that fit just what you’re looking for.

Personalized Guidance

Buying a home is different for everyone. That’s why agents from CENTURY 21 Real Estate Alliance really listen to what you want. They help find what you’re looking for, whether it’s a safe area for your family, a home by the water, or a place to invest in. They focus on your needs to make sure you get what’s best for you.

Support Every Step of the Way

Buying a home can sometimes feel like too much to handle, especially in busy places like California. Having an agent from CENTURY 21 Real Estate Alliance with you means you’re not alone. They support and guide you from the first time you talk to them until you close the deal. If you have questions about how to pay for the house or if you need to find someone to check the house for you, they’re ready to assist.

Conclusion

When looking for a home in California, it’s a smart move to work with a CENTURY 21 Real Estate Alliance Agent. They know the housing market very well and offer a service just for you. They’re among the top in their field. So, if you’re buying a home for the first time, or if you’ve bought homes before, it’s important not to take any risks. By choosing a CENTURY 21 Real Estate Alliance Agent, you’ll get the help you need to make your dream home a reality.

Homebuyers Remorse: Cancelled Contracts

2023 began with an uptick in the sale of new homes but the driving force in the housing market continues to be buyers backing out of contracts. January sales were down 26% compared to a year ago. The national cancellation rate is now about 20%, with 1 in 5 contracts ending. In fact, KB Homes, one of the largest builders in the country reported 68% of its orders for new homes were canceled in 4th quarter of 2022.

AFFORDABILITY

Building new homes can take up to a year so the rising interest rate from 3% to 6% greatly affected the affordability of homes. Many families may no longer qualify for a mortgage or have decided they can no longer afford the home they chose.

Buyers are also struggling to sell their current homes with the changing market. With housing prices growing slower or even falling slightly in some markets, many are having to reevaluate whether now is the best time to buy or sell.

HOMEBUYERS CHOOSIER

Affordability is not the only issue causing cancellations. House hunters now can take the time to explore their options and be choosier. During the pandemic home buying frenzy, buyers had to act quickly and take homes however they could get them often foregoing home inspections. Today, Buyers have the time to do the inspections allowing them to see any potential problems a home may have as well as continue their search in case a better home comes on the market.

PREVENTING CANCELLATIONS

Although Real Estate Agents do not have control over affordability and findings on home inspections, clear communication and managing expectations can go a long way in preventing cancellations.

The biggest complaint that buyers and sellers share is a lack of communication. When they do not know what is coming next, it is understandable that they can become uneasy during the process. As an agent being dedicated to clear communication with all parties including the Buyer, Buyers Agent, Seller, Sellers Agent (if you have it), Closing Attorney, Closing Assistant, Transaction Coordinator and Lender can drastically reduce the numbers of cancellations. Some real estate experts even recommend creating one group email with instructions to everyone to “reply all” so everyone is clear with the current status and next steps.

Written by

April Moulton

Broker of Record, C21 Hometown Realty 

DRE# 01736191

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