Facebook
Twitter
Pinterest
Copy Link
Tips for Buying: Start with a budget and stick with it. Even with a slight uptick in the number of homes for sale, buyers are still facing elevated prices and mortgage rates nearing 7%. The biggest thing right now is the disconnect between buyers and sellers. Buyers want to lowball, and sellers want last year’s price. While buyers are getting a bit more breathing room now, they should keep in mind that it’s still a seller’s market while they consider their options.
Tips for Selling: The first step for a successful sale is to find a listing agent who knows the area and comes highly recommended. A good agent will work closely with you to price your home competitively while fielding questions and offers from prospective buyers. The number of homes falling out of escrow recently as a cautionary tale for sellers who continue to demand 2021 prices. Everyone thinks their house is special and the market will clarify that. Even though the market may still be tipped in your favor, it’s in your best interest to present your home in the best possible light. Not everyone has cash dedicated to renovations and repairs, but a little sweat equity can go a long way. The first step is to declutter, organize and clean. Even if your home is outdated, a clean space gives buyers a chance to envision the house’s potential.
