Tips for home buyers and home sellers | #SearchForMortgage #CheckMoreOptions #AskYourRealtor #ShareInformation


Tips for home buyers and home sellers | |

SAN JOSE, Calif. — These tips by will guide everyone from house-hunting virgins to flipping fanatics through the market specifics this year, cutting through the clutter of real estate advice to highlight what is most important for buying or selling a home in 2016.

The current housing market is mainly a seller’s market, filled with strong home prices, relatively low inventory and competition between buyers, said Jonathan Smoke, chief economist for


Comparison shop for mortgages. Buyers planning to finance their purchase should put as much effort into getting the right mortgage as they do finding the right home. A lower interest rate can make the difference in qualifying for a home and save thousands over the life of the loan.

Consider a new home. The number of new homes on the market is expected to grow more rapidly, resulting in a 16 percent increase in new home sales year over year. Buyers should consider the new home options in their market; they are likely to have less competition and to enjoy a broad selection.

While new homes are typically higher in price, they are usually larger and offer performance advantages and warranties that could reduce operating and maintenance costs.


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