Granada Hills Realtor Harry Sargsyan: 1-818-968-2681

Homes for sale in Granada Hills

How to Buy a House

The 5 New Rules That Can Make or Break Your Offer

The rules on how to buy a house have changed, folks—so if you’re serious about becoming a proud homeowner in the near future, you’ll want to read this first!

So what’s changed the most in the traditional home-buying process? For starters, prospective buyers should brace themselves for steep prices and stiff competition. Data on realtor.com® show that the nationwide median home price has pushed above $250,000 for the first time ever, 8% higher than a year ago. Plus, total inventory remains much lower than it was a year ago, falling well short of buyer demand. The result? Despite rising home prices, properties are “flying off the market,” says Linda Sanderfoot, a real estate agent with Coldwell Banker in Neenah, WI.

Altogether, “it’s a hot seller’s market,” says Seth Lejeune, a real estate agent with Berkshire Hathaway in Collegeville, PA. While it’s good news for sellers, buyers will need to take some extra measures to compete with other house hunters.

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