How to Buy a Home
Comprehensive Guide to Buying a Home
Michael Edlen has tracked local statistics and trends and provides real estate counseling services to prospective homebuyers. This guide to how to buy a house is where we've poured all of our knowledge to help you have a better home buying experience.
“Multiple offers” occur either when a seller receives more than one purchase offer at the same time or receives another offer before a counter offer is presented to the first buyer. This has occurred fairly often since 2012 and has created a frustrating environment for well-qualified buyers who repeatedly are out-bid in their attempts to buy a home.
To avoid misunderstandings, and to make sure you have adequate information so that you know what to expect, these questions and answers cover some common issues regarding the responsibilities of the seller, the buyer, the real estate professional and other appropriate professionals.
Just a few years ago, less than 20 percent of home sales involved any Internet use. Now over 70 percent of California sales involve buyers searching the Internet for homes, loans, real estate agents, quality of community and schools, and for information about the purchase process.
I have often been asked what the value of a real estate agent is, or why a sales commission of 5-6% is reasonable. I have also been asked what it takes to sell a home, and why more people do not try it themselves. One owner actually loved the idea of selling his home himself so much that he wanted to hire me as an advisor to help guide him through all of the details.
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