We have all been hearing and reading about the rise in home prices over the past several months. While this may be welcome news for sellers, it can be daunting for future home buyers.
The rise in home prices has provided more opportunities for families that have been looking to sell their homes and relocate for a variety of reasons. This also equates to a lower level of inventory of short sales.
Many homeowners that saw their property values decrease in the not too distant past were not able to sell their home and pay off their current mortgage debt. This alone was also a contributing factor to the real estate market decline when you factor in, less sales and less re-sales.
Typically when someone sells their home, they will most likely turn…