Barbara Corcoran: Secrets to get a deal for home buyers


Buying a home in this real estate market “feels impossible” now and even real estate and star “Shark Tank” Goth Crusty There is no fear of saying.

With mortgage rates that hover About 6.60% both in the time of the press and Home prices still high (and growing, Realtor.com It foresees an increase of 3.7% to 2025) is no secret that buying a house in 2025 is “tough”, says Corcoran.

Home prices are just the beginning, as there are many other hits in the portfolio when buying a home, including Security, Hoas, Increasing property taxes (up in every area of ​​American subway), and home maintenance costs. Mortgage insurance fees (for those who make payments less than 20%) and Closing costs are also raised.

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However, there are some bright spots. Business Insider Reports There are places in the US where house prices are falling – and some are in large subway areas such as Phoenix, Arizona; Nashville, Tennesses; and Jacksonville, Florida.

So if you are on the market to buy a home, here are Corcoran's “three secrets” to give you advantage over competition.

1. Look at the lists that are sitting in the market

Corcoran noted that everyone is “running on the new list in the city”, which means that the houses sitting in the market will continue to be overlooked.

“When a house is on the market for six months or longer, no one is paying attention,” Corcoran said on Instagram.

“Make sure you look at the old lists, here will be accepted a low offer,” she added.

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2. Shop off -season

“Everyone is out in spring and summer, so you have to shop in winter,” Corcoran said.

This is usually due to the best weather for showing and letting families finish school in one place before being transferred to another (and then settle in their new homes Before the school begins in the fall). Some warmer climates may be opposite – for example, South Florida may have slower wine wine and busy winters.

However, in most parts of the country, Corcoran says “the best deals are taken” in winter.

3. Search a house with a special entrance

“A special entry allows you to make a second unit you can rent to offset the cost of your mortgage,” says Corcoran.

This advice is especially evident for investors or those who consider a highly generating home.

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