Tuesday, November 7, 2023 / by Richard Eimers
Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year.1
Now, it’s not as simple to sell a home. While pandemic-era homebuyers were racing the clock—trying to lock in a low mortgage rate and gain a foothold in the market—current buyers are more discerning. Higher prices and mortgage rates have pushed their limits of affordability, leading them to prioritize cost, condition, and overall value.2
The reality is, home inventory remains low, so most properties will still sell with some basic prep, the right price, and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount.
If you have plans to sell your home and want to net the most money possible, this list is for you. Here are our top seven strategies to attract the best offers and maximize y ...
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Saturday, October 14, 2023 / by Richard Eimers
It’s still a seller’s market, but its strength has declined. Buyers now have a little leeway with sellers and notably more bargaining leverage with lenders.
NEW YORK – Despite being challenged by low inventory and high mortgage rates, house-hunters have some bargaining power with lenders who have money to lend yet fewer mortgage applicants. They’re competing for a shrinking pool of homebuyers, which gives applicants a bit more leverage.
Real estate agents say today’s motivated sellers are also more open to certain buyer requests that they probably wouldn’t have entertained a couple of years ago during the pandemic-driven housing boom. Now, to prevent a sale from stalling or slipping through their fingers entirely, they’re more willing to help buyers out with closing costs or to acquiesce when buyers ask for repairs to be done as a condition of sale.
A third money-saving route for homebuyers, according to agents, is to approach sellers, buis ...
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Tuesday, September 12, 2023 / by Richard Eimers
Not long ago, home sellers were in their heyday, as historically-low mortgage rates triggered a real estate buying frenzy. However, the Federal Reserve shut down the party when it began raising interest rates last year.1
Now, it’s not as simple to sell a home. While pandemic-era homebuyers were racing the clock—trying to lock in a low mortgage rate and gain a foothold in the market—current buyers are more discerning. Higher prices and mortgage rates have pushed their limits of affordability, leading them to prioritize cost, condition, and overall value.2
The reality is, home inventory remains low, so most properties will still sell with some basic prep, the right price, and a good real estate agent. But owners who go the extra mile are more likely to sell faster and for a higher amount.
If you have plans to sell your home and want to net the most money possible, this list is for you. Here are our top seven strategies to attract the best offers and maximize yL ...
Read More
beach road realty, eimers group, richard eimers, real estate, home selling tips, property for sale, house hunting guide, home buying advice, real estate market, selling your house, real estate investing, housing market trends, real estate agent
