With so much information available online, real estate search sites have made it easy for most buyers to search on their own for their ideal home. In fact, many current buyers believe they don’t need to use a real estate agent except to do the necessary paperwork.
The current real estate market has led to frustration and anxiety for many potential buyers. Having good credit scores, enough funds for down payment, and adequate loan pre-approval is often not enough for them to succeed in buying the ideal home when it comes on the market.
Home buyers often rush to have their offer presented as soon as possible. Sometimes their agents encourage quick action in an effort to avoid getting involved in a bidding situation.
It is well known that purchasing a home in the Westside housing market is very challenging, especially if it is a first home. And in recent years it has gotten even harder for young families with growing student debt and a slowly recovering job market.
One of every four escrows falls out due to buyer difficulties in obtaining a loan or because of the many challenging things that come up during transactions that can result in an escrow falling apart.
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