According to a recent National Association of Realtors press release, pending home sales rose in July to the highest level in more than 2 years and is above this same time last year. One thing very different about this current 2012 housing market is that
first time home buyers are looking for homes in move in condition that don't require extensive remodeling. Since many of them are using
low down payment FHA loans to get into their homes, there is not a lot of money left over to budget for any type of extensive renovations. Many buyer will simply move on to the next house in better condition than have to replace everything upon the first year of moving in. The news to sellers is to
prepare your home for sale before you put it on the market otherwise not only will it likely sit a while, you may also get a drastically reduced price. If you are considering buying a home in the near future, you can get a
mortgage preapproval now.