When the time comes to buy a home, the entire process can be intimidating. It’s a huge milestone in life and most likely your largest expense. Entering the housing market can sometimes mean falling in love with homes that are out of your price range, making an offer on a home and not having it accepted, or not even having a chance to see a home before it’s sold.
If you jumped into the housing market this spring and were discouraged by the level of competition and high prices, have no fear – that is not the case this fall!
The market and its dynamics have changed quite a bit as we’ve transitioned from the summer months. There is still plenty of inventory but fewer buyers than in the spring, so in general, your competition is lower than you might find at any other time of year.
Here’s just one of many examples of this: We recently had clients who got their offer accepted on a house and later got their appraisal back, which came in $30,000 over their purchase price. They scored their dream home for a price they could afford, and now they have instant equity in this house.
If you’re thinking about buying, now is a perfect time to do so. Listings are showing more days on market, interest rates are low, and you do have the ability to get a deal in the market right now.
Contact our team – we’d love to chat with you and show you how we can help!