Buyers have been spooked by broader market volatility this year, so over-priced homes are sitting on the market. Buyers aren’t blindly offering way over list price just to get their foot in the door, and I’m seeing fewer offers even on accurately-priced homes. I see this as a great buying opportunity while many buyers have stepped back or jumped back on the fence. Interest rates are hovering in the mid-6% range, and lower in certain situations.
For sellers, it’s more important than ever to price your home correctly. Homes priced “aspirationally” often sit and ultimately sell for less—or sometimes don’t sell at all. Many buyers and sellers are now considering off-market opportunities; three of my sales this year never hit the market, yet both parties felt they got a great price with less hassle and cost.
Let’s chat about your real estate goals and dreams, whether short-term or long-term!
- Matthew
Posted by Matthew Fletcher on
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