Things That Could Help You Win a Bidding War on a Home

Written by Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in Buying Myths, Down Payments, First Time Home Buyers, For Buyers, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates, Pricing.

With a limited number of homes for sale today and so many buyers looking to make a purchase before mortgage rates rise further, bidding wars are common. According to the latest report from the National Association of Realtors (NAR), nationwide, homes are getting an average of 4.8 offers per sale. Here’s a look at how that breaks down state-by-state (see map below): The same report from NAR shows the average buyer made two offers before getting their third offer accepted. In this type of competitive housing market, it’s important to know what levers you can pull to help you beat the competition....

Today’s Home Price Appreciation Is Great News for Existing Homeowners

Written by Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in For Sellers, Housing Market Updates, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates, Pricing.

If you’re planning to sell your home this season, rising prices are great news for you. But it’s important to understand why prices are rising to begin with. One major factor is supply and demand. In any industry, when there are more buyers for an item than there are of that item available, prices naturally rise. In those situations, buyers are willing to pay more to get the product or service they’re looking for when options are scarce. And that’s exactly what’s happening in the current real estate market. Selma Hepp, Executive, Research & Insights and Deputy Chief Economist at CoreLogic,...

Is It Enough To Offer Asking Price in Today’s Housing Market?

Written by Palm Shores FL Mortgage Syndicated User on May 5, 2022. Posted in Buying Myths, First Time Home Buyers, For Buyers, Housing Market Updates, Move-Up Buyers, Palm Shores FL, Palm Shores FL Condo Financing, Palm Shores FL Mortgage Rates.

If you’re planning to buy a home this season, you’re probably thinking about what you’ll need to do to get your offer accepted. In previous years, it was common for buyers to try and determine how much less than the asking price they could offer to still get the home. The buyer and seller would then negotiate and typically agree on a revised price that was somewhere between the buyer’s bid and the home’s initial asking price. In today’s real estate market, buyers shouldn’t shop for a home with the same expectations. Things Are Different Today Today’s housing market is anything but normal. According...

Category: Move-Up Buyers

Things That Could Help You Win a Bidding War on a Home

Today’s Home Price Appreciation Is Great News for Existing Homeowners

Is It Enough To Offer Asking Price in Today’s Housing Market?