After staying put during the economic recession, you might be
tempted by stabilizing real estate prices and low mortgage interest
rates to sell your house and buy your next place. What you may not
realize is how long and complicated the process of buying and selling a
home has become. New lending regulations, appraisal procedures and
consumer expectations can throw up roadblocks for even the most seasoned
flipper. Many homeowners who haven’t sold or bought a home in the past
few years will find that many of the old “rules” have changed.
Residential real estate experts suggest homeowners become aware of the
new rules before listing their current property and searching for a new
home.