Is It Enough To Offer Asking Price in Today’s Housing Market?
Is It Enough To Offer Asking Price in Today’s Housing Market?
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.
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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.
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.
Some Highlights
If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.
Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.
Lean on a real estate advisor to help separate fact from fiction in today’s housing market.
Some Highlights
If you’re planning to buy or sell a home today, it’s important to be aware of common misconceptions.
Whether it’s timing your purchase as a buyer based on home prices and mortgage rates or knowing what to upgrade or repair before listing your house as a seller, it takes a professional to guide you through those decisions.
Lean on a real estate advisor to help separate fact from fiction in today’s housing market.
Nobody is buying today. Everyone has left the market. Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. There are lots of ideas floating around, so let’s take a look at some stats. I hope this is helpful, whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS:
10/07/22 Market update with SAR (9am-10:15am Sign up here)
10/11/22 Folsom MLS Meeting (9:15am)
10/13/22 Market update in Midtown (12...
Nobody is buying today. Everyone has left the market. Or wait, I mean, it’s only buyers at the very highest prices who have backed off. No, maybe it’s first-time buyers who are getting crushed. There are lots of ideas floating around, so let’s take a look at some stats. I hope this is helpful, whether you’re local or not. UPCOMING (PUBLIC) SPEAKING GIGS:
10/07/22 Market update with SAR (9am-10:15am Sign up here)
10/11/22 Folsom MLS Meeting (9:15am)
10/13/22 Market update in Midtown (12...
Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list price for the first time in over 17 months during the four-week period ended Aug. 28, according to a report by Redfin. Homes are simply not selling at the breakneck pace they were six months ago, when strong demand butted up against tight supply, bidding ...
Home sellers are getting nervous, as the once hot housing market cools fast. One in five sellers in August dropped their asking price, according to Realtor.com. A year ago that share was just 11%. The average home sold for less than its list price for the first time in over 17 months during the four-week period ended Aug. 28, according to a report by Redfin. Homes are simply not selling at the breakneck pace they were six months ago, when strong demand butted up against tight supply, bidding ...
Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. UPCOMING (PUBLIC) SPEAKING GIGS:
7/15/2022 Lunch & Learn with Matt Gouge (sign up here))
7/20/2022 Beer & Stats at Red Bus Brewery (details TBD)
7/26/2022 Navigating the Shift (sign up here) TRUTHS ABOUT PRICE REDUCTIONS 1) Ne...
Price reductions are growing fast and sellers are still behind the ball. Eventually they’ll catch up, but they haven’t gotten there yet. Let’s talk about price drops today in the Sacramento region. Is the trend similar in your area? Let me know what you’re seeing. UPCOMING (PUBLIC) SPEAKING GIGS:
7/15/2022 Lunch & Learn with Matt Gouge (sign up here))
7/20/2022 Beer & Stats at Red Bus Brewery (details TBD)
7/26/2022 Navigating the Shift (sign up here) TRUTHS ABOUT PRICE REDUCTIONS 1) Ne...
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chi...
If you’re thinking about selling your house, you may have heard about the housing market slowing down in recent months. While it’s still a sellers’ market, the peak frenzy the market saw over the past two years has cooled some. If you’re asking yourself if you’ve missed your chance to sell your house and make a move, the good news is you haven’t – motivated buyers are still out there. But you do need to price your house right for today’s market. Here’s why. As Lawrence Yun, Chi...
Some housing industry leaders believe a growing construction pipeline will temper an anticipated market cooldown, a view challenged by others pointing to affordability headwinds and siloed or restrictive building practices.Current obstacles include soaring home prices, airtight supply and surging interest rates, issues described in “The State of the Nation’s Housing 2022” annual report this week by the Joint Center for Housing Studies of Harvard University. Though the study finds that hou...
Some housing industry leaders believe a growing construction pipeline will temper an anticipated market cooldown, a view challenged by others pointing to affordability headwinds and siloed or restrictive building practices.Current obstacles include soaring home prices, airtight supply and surging interest rates, issues described in “The State of the Nation’s Housing 2022” annual report this week by the Joint Center for Housing Studies of Harvard University. Though the study finds that hou...
What is a good mortgage rate? That varies by borrower and lender. Here's how to find a good mortgage rate for your loan.
What is a good mortgage rate? That varies by borrower and lender. Here's how to find a good mortgage rate for your loan.
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […]
Dear Sellers, How are things? I hope all is well. It’s been such a crazy market, but things are starting to change. So, let’s chat. This is coming from a good place, and it’s based on observations and what I’m hearing from real estate professionals. WEBINAR ON THURSDAY: On May 19th at 10am I’ll be […]
How to Win Against Cash Offers in Today’s Housing Market
American Pacific Mortgage / August 10, 2022 at 8:00 AM
It’s tough out there, we know. Today’s competitive housing market can keep you trapped in a vicious cycle: Find a terrific house, make an aggressive offer, get your hopes up, get outbid, start over. Rinse and repeat. Some of the biggest competitors for homes on the market today pay cash, which can make it tough when YOU don’t have cash to buy the home outright yoursel...
How to Win Against Cash Offers in Today’s Housing Market
American Pacific Mortgage / August 10, 2022 at 8:00 AM
It’s tough out there, we know. Today’s competitive housing market can keep you trapped in a vicious cycle: Find a terrific house, make an aggressive offer, get your hopes up, get outbid, start over. Rinse and repeat. Some of the biggest competitors for homes on the market today pay cash, which can make it tough when YOU don’t have cash to buy the home outright yoursel...