When selling your home, at some point the question of financial concessions will arise.
When selling your home, at some point the question of financial concessions will arise. These may be credits for closing costs, repairs, buyer’s agent commissions or upgrades and these incentives may improve your ability to sell the home, especially if the home is not in turn-key condition. Yet these do reduce the profit from your sale, so before you make the decision, consider your options.
Don't Wait: Why Home Buyers Shouldn't Stall for Lower Interest Rates
In the realm of real estate, timing is often a pivotal factor for prospective homebuyers. The anticipation of lower interest rates can be enticing, prompting many to delay their purchasing decisions. However, there's a lesser-known truth that awaits those who procrastinate: the perils of increased competition and diminished inventory.
“Date the Rate and Marry the House”- Is This Still a Good Idea?
You’ve heard the old expression, “Date the Rate but Marry the House.” The idea is that you can always refinance the loan, but the right house may not come around again. But with rising interest rates and falling home inventory, many buyers are wondering if this mantra still rings true. Should you marry the house at whatever interest rate is available?
Homeownership Is a Great Hedge Against Inflation
Over the past couple of months, the news of rising inflation is fueling concern across the country. Currently, inflation is at a 40-year high. This is impacting household budgets the most as families try to make ends meet with less buying power. For potential home buyers, rising interest rates may cause worry that you will not be able to afford the home you want.
While these are all valid concerns, for those that are still able to finance a home, homeownership is one of the best hedges against inflation and may be worth stretching your budget to do so.
5 Tips for Writing a Winning Offer in this Market
Everyone recognizes that this is a difficult housing market for homebuyers. With inventory shortages and low interest rates, buyers have seen a fast-paced market with strong growth in home prices. As interest rates begin to rise, the pressure for buyers to settle on a new home and lock in their rate is even stronger. With so many buyers vying for the same property, it’s important to write the best offer right up front. Here are 5 tips to help you write a strong offer.
What Stays with the Home?
More than one seller has been surprised to find that their favorite chandelier is not theirs to take when they move. First-time home sellers might be especially confused when confronted with an exclusion form presented by their agent, but understanding what is, and is not included in the sale by statute is important to avoid disappointment on both sides.
Pricing Strategies
Real estate markets across the country are experiencing a strong seller’s market right now. For potential sellers, this may be a golden opportunity to get top value for their property. While it may be tempting to aim for the sky when setting the listing price, that may not be your best option.