The rest of this month and next are about to reveal the perfect storm for home buyers relative to today's real estate market. This article will discuss how to make the most out of these opportunities.
Key factors:
- Homes are sitting on the market over 20 days.
- Competition for active listings has reduced drastically.
Sellers still need to sell and are more willing to offer incentives such as:
- Address inspection items and make repairs.
- Not expecting the buyers to take on the risk of waiving appraisals.
- Price reductions!!
- LENDING CREDITS!! (Lending credits can often net a buyer $2 for every $1 received from a Seller making it often better than applying it towards the purchase price.)
HERE'S THE PERFECT STORM:
- Competition has reduced and homes are not being bid up.
- With the right Realtor to negotiate for you, you can get the seller to pay down your rate.
Add together lower prices and historically low rates that can be bought down further at the expense of the sellers to get near where they were the last few years and you've got yourself a grand opportunity the very closely resembles what many people were waiting out the market until it occurred.
It's here and even more, inventory will not be replenished in November and December while sellers have urgency to sell before then as well leaving the rest of September and into October as what will most likely be the best opportunity we've seen all year!!
Questions on how to take advantage of this or want to talk about first steps, contact us today!
