Hot Market Creates Headaches for Transferees

    Moving into a hot housing market is a problem that transferees and their employers struggle with daily.

    When Moving into an area transferees are faced with some or all of the following:

  • Unable to purchase a home within the same price range as the one just left.  Either because there isn't any available or the prices in the new marketplace have risen, and are still rising.

  • Make concessions on purchase offers to waive inspection, financing, or appraisal clauses or escalate purchase price.

  • Consider waiting for a  home to be built, to make housing  affordable.

  • Choices are limited to areas with longer commutes.

  • Houses bought have needed/necessary repairs, not willing to be corrected by seller prior to closing.

 

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Last modified: 01/02/07