How To Know Real Money

As demand in the hottest markets pushes housing prices higher, worries about a bubble are rising. But the bigger concern, according to some experts, is the level of risk buyers are willing to tolerate to land a deal.

  1. How To Check Real Money With Pen
  2. How To Identify Real Money

“One thing not being talked about is the shift in risk from seller to buyers,” said David Zanaty, chief real estate officer for Mynd Property Management. “There has been a qualitative change in the controls in place.”

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Those changes include buyers who are willing to waive home inspections, forgo title insurance, or accept a seller’s insistence that a property be sold “as is.”

“As is” could provoke a case of “buyer’s remorse.”

Dylan Jones and his wife were relocating from California, bought a 1,100-square-foot home in Essex, Conn., at the end of September despite a heated seller’s market there and some qualms about the commitment.

He knew the home needed work, he told The New York Times, including a new septic tank and furnace, and framing work. But it bothered him more than he thought it would.

“The peak of my buyer’s remorse was when the structural engineer came in and told us we would have to redo the basement to make sure it is structurally sound,” Mr. Jones, a physician’s assistant, told The Times. (A different engineer recommended more modest repairs.)

Most industry observers do not anticipate a meltdown reminiscent of the housing crash of 2008 because of tighter qualification standards for lenders in the mortgage market. But the frothiness in the market — median existing-home sales price rose to $313,000 in February, 15.8% higher from a year ago, according to the National Association of Realtors — has a lot of observers wondering how long it can last.

How To Check Real Money With Pen

How To Identify Real Money

But investors in the single-family home market can protect themselves if they avoid getting caught up in the frenzy and remember to do their due diligence on an investment property.