Q:

What are some tips for finding new houses on the market?

A:

Quick Answer

With the surge of information available online, it is helpful to begin searching for new home listings through the Internet, explains U.S. News & World Report. Services tied to the multiple listing service, including Redfin and Realtor.com, are updated every 15 minutes, as of 2015. Zillow and Trulia offer more information about listings, but can be hours or days behind the others.

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Full Answer

Many realty websites offer site visitors the option to sign up for alerts that notify them immediately when new listings become available in their designated areas, indicates U.S. News & World Report. In a market in which sellers receive numerous offers quickly, such a notification can be crucial.

Browsing rental listings can also be useful, states Zillow. The owner may have put the house up for rent rather than sale for the sake of ease, convenience or practicality. If a potential buyer approaches the owner with an offer, there is a decent chance negotiations can begin.

Considering houses that are overpriced can also be advantageous, notes Zillow. Many times, sellers advertise a higher price than the one they are willing to accept. Once a house sits on the market for six weeks, its value diminishes. Buyers question the house's worth, and the appearance of the property often flounders. An optimum time for a buyer to make a lower offer is before the first price adjustment, yet after the house is for sale for several weeks.

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