Buying a home is an important decision. That decision can often be an emotional and confusing time. While buying a home is not always about the numbers a little market knowledge can go a long way. Market statistics are also helpful for home sellers to place their home competitively in the marketplace. Here are some helpful stats every buyer (and seller) should know:
1. What kind of market it is
There are typically three kinds of markets, a buyer’s market, a seller’s market and a normal or balanced market. Remember all real estate is local so if you have a question about what kind of market it is in your area be sure to consult with a real estate professional who can help give you the local information and statistics.
2. Average home prices
Having a good grasp on the average sales price in your marketplace will help you know the pool of buyers you have to compete with when buying a home. If you are selling you will know if you have large or small pool of buyers. A home above the average will have a smaller pool and a home below will have a bigger pool of buyers who can afford the property.
3. Absorption rate
The absorption rate is also known as the amount of inventory. The absorption rate calculates the amount of time a home is likely to sell in. To figure out the absorption rate divide the total number of available homes by the average number of sales per month. A high absorption rate (5 months or less) indicates a homeowner should sell in a shorter period of time. A low absorption rate (7 months or more) indicates a homeowner should sell in a longer period of time. A normal or balanced market has an absorption rate between 5 and 7 months.
4. Mortgage rates
Mortgage rates vary depending on the type of loan, your credit and other factors. You should at least have knowledge of what the going rate is for mortgages. You may want to get more than one opinion on a mortgage.
All of this information is readily available when working with a real estate professional. Remember to always use a trusted professional when making large financial decisions.
There are significant differences between satellite dish television and cable television. Besides their modes of delivering service, there are many factors that need to be considered before choosing a provider. Cable is less influenced by weather and is typically more expensive than satellite dish. For those who do not want to commit to long term contract, cable may be the best option. The availability of service will influence your choice as well. Generally speaking, cable is available in most areas. Satellite is also available most anywhere provided there is a space where the dish can be installed.
Lets do a comparison of the two services:
The installation of cable television requires the services of a professional, as cable lines and other equipment will need to be installed. However, if you already have internet services through the same provider, you may be able to perform the installation yourself. For satellite dish television, there needs to be the installation of a dish somewhere around your house. As a rule of thumb, the dish MUST face the south, a professional can best determine the optimal location. If you want to do this yourself, be aware it can be time consuming and certain technical skills are needed.
The reception of cable television is almost flawless. It seldom goes off line except when the line is disconnected somewhere or the entire system is down. For satellite dish television, provided there is a clear sky between the dish and the southern sky, there should be no interruption. However, if there is a tree, wall or other obstruction, there will be an issue. In extreme weather conditions, reception can be affected leading to loss of signal.
In their most basic form, cable and satellite dish may offer the same programs, however, satellite dish offers an additonal 200 channels that are only offered with a premium cable subscription. This makes satellite dish a preferred option from this perspective.
Cable services offer international focused channels such as Korean, Chinese and Portuguese, all of which are based in the United States. The satellite dish however, transmits any international signal it picks up from the air waves. For those who prefer international programs, satellite dish television may be a better option.
Both cable and satellite dish are great services, only the user can determine which one will meet their individual television needs.
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