More Homes Buyer Incentives

More Homes + Buyer Incentives + Significantly Smaller Price Increases = Seller/Buyer Market

It is still a seller’s market but favoring the buyer in many ways.

All real estate is local and instead of listening to the negative media, contact a local expert to see how the market is in your particular neighborhood.  We not only keep track of the local market, but also with industry experts for a broader view of the national housing market.  

Conditions have changed with mls listings nearly doubling, and fewer homes going under contract.  Buyers have a lot more options without the fear of the multiple offer situation we had earlier this year.  However, homes are still appreciating, albeit smaller appreciation like in a “normal” market.  We are now at that time where sellers are offering buyer incentives like rate buy-downs and doing price reductions to get their homes sold, especially if they are overpriced for the “current” market.

If You Need . . .

If you need to buy a home, do not let the current interest rates keep you from doing that.  Remember when the rates were 18%?  Rates are still low.  You can always refinance when the rates come down.  Keep your dream of homeownership alive as it is an investment in your future.  Plan on staying in your home for a minimum of 5 years.  

If you need to sell your home, use a local expert to help you price it for the current market and get it sold quickly and at the highest price possible.  Homes are still appreciating, but at a significantly lower percentage than earlier this year.  You have more competition and homes are staying on the market longer.  Look at your home as if you were purchasing it to get it ready for the market.

What have you done different lately due to the market with the sell or purchase of a home?  Comment below.

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