2018 saw some record number of sales but it looks like we are entering a shift in the real estate market. What does that look like for you?
If your home has been on the market for quite some time and you have not received an offer, it may be time to consider adjusting the price to reflect the current market conditions. Remember – we want buyers to make an offer on your home and not the competition.
Although it may sound great to you that Sellers are considering a price adjustment, waiting until they make that adjustment may not be the best course of action. You may see a few homes decline in price but interest rates are doing the opposite. As interest rates increase, so do monthly payments. Even if you were to purchase a home next month for a lower price, you may be facing a higher monthly payment than if you were to purchase that home today at the current price. If you are a buyer and you have been on the fence about purchasing your next home, I recommend you go ahead and start looking before the interest rate and the monthly payment are too high.
Never too busy for you
Give me a call and I can help you find your next home. I am never too busy for you or your referrals.