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Real Estate News and Advice |
July 3, 2008 |
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When You And Your Spouse Can't Agree On A House
by Michele Dawson
She adores the kitchen; he hates the back yard. Or he loves the proximity to work but she thinks they need an extra bedroom. In today's real estate environment, with many regions of the country in hot sellers' markets, agreeing on a house can potentially be a relationship test for some couples. Compromising, keeping a level head, and being objective are key for house-hunting couples. And the experts say the house hunters should be out in hordes this year. David Lereah, the National Association of Realtor's chief economist, said the housing market could defy expectations this year. "Currently, we are projecting that home sales will decline slightly, but they remain at exceptionally high levels," Lereah said. "With a strong underlying demand for housing from a growing population in a recovering economy, we could be flirting with another record this year." With the spring season kicking into high gear, sellers have the advantage in many markets. "The Perinton area's seller's market has recently been strengthened by a number of spring buyers entering the market with an already limited number of homes available for sale," said Realtor Steve Vaisey of his market in Perinton, New York. The situation is similar in Seattle. "Sellers are enjoying a competitive buying market, receiving multiple offers and sometimes receiving offers over asking price," said Mike L. Baumgarden, a Seattle, Wash., real estate broker. "Buyers are enjoying low interest rates and lots of inventory to choose from as long as they don't wait too long to make their offer." If you and your spouse find yourself searching for a house in a tight sellers' market, then agreeing on a house will likely be even tougher than under normal conditions. Some things to keep in mind to help you evaluate each house you and your spouse are considering:
Published: April 26, 2004 Use of this article without permission is a violation of federal copyright laws. Related Articles: |
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