With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL
Turns out, there’s a severe shortage of homes for sale in most markets, making this a seller’s market. Data from January 2015 shows a 200% increase in buyer activity compared to the same time a year ago as multiple buyers bid for the few limited properties available as mortgage interest rates remain at all-time lows. And while six-months of inventory is considered normal, the market now has just 4.4 months of inventory.
Shifting gears, see how Living Trusts can reduce paperwork, reduce transaction fees and expedite asset transfers to heirs when the owner dies, especially if you have assets across different states. Clear your misconceptions on a home equity line of credit (HELOC) and how it gets impacted when you sell property. And, finally, find out why 38% of all millennials are putting off marriages so they can buy a home instead!