Is The Real Estate Market Bubble Bound to Burst?
Is now a good or bad time to buy? If you are ready to move, which should come first: buying or selling your home? Angie answers these questions and more in this week’s podcast.
Are you worried the real estate bubble might burst right after you buy a home? Or, are you considering creative solutions to making your next home purchase possible? Angie answers four questions from the mailbag in this week’s episode of the Savvy Realtor podcast.
Adrienne in Raleigh wants to know if the real estate market is due for a bubble bursting at some point soon. With the economy not in great shape and home prices skyrocketing, is now a bad time to buy? Angie talks about how the Triangle market compares to the rest of the country. What has caused bubbles in the past? Why does this feel different?
Jean in Durham is considering buying a house for her daughter going to college along with another family. Then the additional rooms can be rented out. Can two couples buy a house together? What should they know ahead of time about this potential investment decision? What will it mean when it’s time to sell?
Stanley in Fuquay-Varina is getting ready to sell his home. Should he hire a home inspector ahead of time to fix potential home problems? While some realtors would say to do this, Angie says not to. Why? Consider the amount of money you’ll be investing. Buyers will most likely still do an inspection, which is bound to find more items on the report. Not only that, but some buyers won’t have the same priorities of what to fix. If you know of issues, fix them now, but don’t do a pre-inspection.
Emma in Chapel Hill wants to know which is best to do first: to buy a house or to sell your home. Angie asks what will be least stressful? What’s realistic? How can you make it work? What risks would you have to take on?
Listen to the entire episode or click on the timestamps below to skip to a particular question.
0:49 - Mailbag: Is the real estate market bubble about to burst?
2:13 - Mailbag: Can two different couples buy a house together?
5:22 - Mailbag: Is it wise to hire your own inspector?
7:16 - Mailbag: Should you buy or sell first?
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Angie Cole - Contact - Call: 919-538-6477