The Current Real Estate Market is Changing
As we end September, we are definitely noticing changes to the market.
When asked how the real estate market is doing today? We always answer with the following - It depends if you are thing about SELLING a home or if want to BUY a home.
Over the last year, it was definitely a sellers market and homeowners took advantage of the huge increases. For some sellers, it was an easy decision to sell, especially for our clients who have a retirement planned in the next 12-24 months and plan to leave the state. The decision here was definitely a no - brainer. The cause for the huge increases in value were definitely attributed to the extremely low inventory and low interest rates.
In looking at the real estate market today, some things have definitely changed. The interest rates remain low, but we are seeing the inventory of homes for sale starting to increase. While this may effect the value of the home for sellers, it has definitely made it a little easier for our buyers who have been patiently waiting for the market to adjust before getting involved in the buyers frenzy.
Our buyers who waited on the sideline are now getting offers accepted without over paying and eliminating some or all of there contingency protections. While it is still not easy for some buyers to get an accepted offer for their dream home, the HEROES TEAM is working hard and has the knowledge and experience to make your offer stand out and get accepted.
Frustrated or concerned with todays real estate market? Contact us to see what we can do to assist in helping you decide if this is the right time for you to make a move. Either way, we are here to help.