When facing multiple offers, sellers can: Accept the best offer Make a counteroffer on the preferred terms Counter multiple offers
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In May 2023, Palm Beach County total home sales decreased 6.1% year-over-year due to elevated mortgage rates and lack of supply in certain price points. Single-family home sales decreased 4.4%, existing condo sales decreased 8%, and luxury $1M-and-up home sales increased 3.3%. Median prices for single-family homes and existing condos increased 1.2% and 2.4%, respectively….
Joint tenancy involves two or more individuals purchasing a property together. Each person owns an equal portion of the property. It is best for couples who are purchasing a property together. If one person dies, the other gets full ownership of the property by an affidavit without it passing through probate.
In a competitive market, know what you want and be decisive to navigate the house hunting process effectively. Benefits of buying a home in a challenging market include building equity, stable housing costs, and tax advantages. Stay updated on new listings by connecting with a knowledgeable Real Estate agent and use their expertise to navigate…