What is happening with the Real Estate market right now? With rates going up we have seen a slow down in certain market areas. Buyers who are motivated have been able to obtain homes with great terms and seller credits due to the slowdown, but in most of the cases desirable properties are still flying of the shelves!
What does this mean to you as a buyer, seller, or both? If you can afford to buy and it financially makes sense, buy. It is a good time to do so since the fall and winter months bring a slow down of buyers so you have less competition, giving you more negotiating power. Consider that if you are waiting for rates to go down, it will not only be you waiting, its a load of other people too, which with the lack of inventory will create price hikes in properties. You can always re-finance that rate down!
For my sellers out there, it is precisely that. The lack of inventory creates high demand for desirable properties, in certain markets we are still seeing homes sell in a weekend with multiple offers. It is all about the correct sales and marketing plan that works for your needs!
-Tatiana H.
