When selling a home
The real estate business is one of the construction tool for land and homes sale. Agent is a informer about real estate business. A restate agents can give you up to date information regarding prices, financing, terms and conditions of properties, and information about the housing market . A real estate agent will market your property to other real estate agents as well as to the public and will know the best way to go about doing so. A real estate agent can also help you evaluate buyer proposals, and then, finally, help you close the sale.
When buying a home
The assistance of a real estate agent can be equally as important. Real estate agents have access to resources for assisting you in your home search not available elsewhere. A real estate agent can also provide you with objective information about each property, and give you advice based on years of experience. A real estate agent will help you negotiate – and also steer you through – the closing process to make sure everything goes smoothly.
Percent of mortgages
According to the Commonwealth Bank/Mortgage & Finance Association of Australia Home Finance Index for September, the number of Australians planning to buy property in the next 12 months had fallen to 16.9 per cent, down from May (19.1%) and January (21.6%). However fears over global economies and debt are matched by a number of positive factors as a quarter of home owners (25.8 per cent) are putting away more than 20 per cent of their take home earnings, up from 21.8 per cent in January 2011.Mortgage stress is also down.
In September 78.3 per cent of mortgages said they were easily making repayments, up significantly from the May Index (68.3%). Those struggling to meet repayments have decreased from 25.7 per cent in May to 17.5 per cent in September.
Chief executive of the Mortgage & Finance Association of Australia, PhilNaylor, said the September Home Finance Index showed while consumers were pulling back from buying property, they were also putting themselves in a position to act when confidence returned.“With a recent interest rate cut, high savings and low mortgage stress, prospective home buyers are in a relatively good position.
Buyer reluctance is reflected in price expectations, with 46.4 per cent of the Home Finance Index respondents predicting lower house prices next quarter, more than double the 20.9 per cent nine months ago. The Commonwealth Bank’s executive general manager, mobile and third party banking, Kathy Cummings, said while home buyers were holding back, they were financially healthy.
Finally if customer is having knowledge about the particular specialization of real estate they will be happy to buy or to sale a home properties.