The real estate market is hot again — unless you’re selling a luxury home

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In a buyer’s market, finding and closing on a beautiful home can seem very easy. However, if you are shopping when the market is hot, you may end up fighting bidding wars and losing your dream home to a competing buyer. Let’s take a look at four tips that you will need to be successful when house hunting in a hot local real estate market.

Upon graduation, the pair moved to New York City to launch their careers in 2008, just as the real estate market imploded. in 2009 focusing on luxury rentals. “I was showing apartments to an.

A red-hot real estate market can trick us into thinking that we need to only think about the bottom line. "A frothy market might distract you from where the real estate might fit in your overall picture," explains Kristi Mathisen, managing director of tax planning at Laird Norton Wealth Management.

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“We want you to feel like you’re a part of something,” says. Ali argues this is all part of the changing face of luxury real estate marketing and advertising; it’s no longer enough just to announce.

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But if you’re selling in a buyer’s market, your home may not be worth much more than you paid for it. It may even be worth less than you paid-leaving you upside-down in your mortgage. If you’re facing a buyer’s market and you don’t have a hard sell-by deadline, you may want to consider waiting the market out.