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5
Your Guide to Buying a Home in a Different State
Buying a home is quite an undertaking, even when you're just moving across the neighborhood. Relocating to a different state presents even more challenges. With so many individuals moving to a different climate, relocating for work, or simply packing up and heading to a city that suits their evolving lifestyle, buying a home in a different state is becoming increasingly common.
Zoom Towns are also driving out of state relocation. Zoom Towns are towns that are seeing an increase in residents, specifically professionals who desire a remote workplace in an area that offers more space and solitude than larger urban settings. For instance, the Zoom Towns are popping up throughout New England as professionals from the greater NYC and Boston areas seek out work-from-home opportunities.
If...
21
New Trend for 2020: What is a Zoom Town?
With this year's pandemic accelerating the shift towards remote work, living near the office is quickly becoming a thing of the past. With so many people working from home, many are taking advantage of the opportunity to reconsider their home's location. Not only is this spurring a quick recovery for the housing market, but it's also leading to an exciting new trend that's popping-up here in 2020: the rise of the Zoom Town.
So what exactly is a Zoom Town? It's often a beach town, lake town, or even just a peaceful secluded area of the country. More importantly, it's far away from the normal bustling cities that have traditionally served as the heart of the business world. Zoom Towns are seeing rapid growth this year, as many people are choosing to work where they vacation and vacation where they work.
9
How to Both Buy and Sell in Today's Market
With all of the economic chaos that is 2020, real estate has remained a bright spot.
There are 4 major economic factors affecting home prices:
- Unusually high buyer demand
- Historically low interest rates
- Near-historic low inventory
- Extra high buyer demand due to a major resettlement to northern New England of work-from-home buyers looking to move out of the major urban centers like Boston, New York City, metropolitan Connecticut & New Jersey.
As a home seller, you can take advantage of the market and, essentially, get a premium price for your home.
But here's the catch: you then have to become a buyer in the same market of low inventory & high de...
22
Best Time to Sell? When Competition Is at an All-Time Low
In a recent survey of home sellers by Qualtrics, 87% of respondents said they were concerned their home won't sell because of the pandemic and resulting economic recession. Of the respondents, 51% said...
21
Does Your Home Have What Buyers Are Looking For?
There's great opportunity for today's homeowners to sell their houses and make a move, yet due to the impact of the ongoing health crisis, some sellers are taking their time coming back to the market. According to Javier Vivas, Director of Economic Research at realtor.com:...
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