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Showing posts from June, 2019

Would you buy an overpriced home? Is overpricing hazardous or beneficial?

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Most of the people would believe that overpricing is good, but it is not right from an owner looking to sell a home, but then how? Correct pricing of a home is essential as no one is dumb enough to buy an overpriced home. Why would I pay more for a house having low worth?    Most of the buyers would end up with a refusal to buy an overpriced home. Overpricing of a home offers no benefits, rather have more hazardous impacts as you will end up pocketing less money than anticipated by overpricing a house. The price that buyers are ready to pay for your home depends upon the economic conditions, the season of the year, mortgage rates and many other things that affect the  worth of your home.    However, then a question arises that how can a seller know if their home is overpriced? We, as the guidelines of  Best Real Estate Agents in Wanneroo,   bring you some indications or signs to help you know about the pricing status of your home. We suggest yo...

7 reasons why it’s hard to know whether your house will lose value

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The pleasure of owning a high priced home is incomparable. However, doesn’t it become extremely stressful on knowing that the prices of your property have gone down and may also lower in the future? In some ways, it would be easier to plan if we really know the condition of  Wanneroo real estate agents  market  in the near future. But the market is uncertain and hard to predict in reality. Check out the situations when the price of your home might fall flat unexpectedly to get an idea of the real estate value of your property-   Inflation Inflation is a hike in prices. The orders and steps by central bank and government to bring down the inflation may reduce the prices of your home. The fluctuation in inflation and deflation are the part and parcel of our economy, due to which the prices of your home may go up and down. Interest rates The rate of interest paid on the money you borrowed your home with is also a big threat.   The rise in...