Has Our Housing Market Really Cooled Off?
Interest rates are continuing to rise. Inventory is slowly but steadily rising as well, giving buyers more power and options. Homes are starting to sit on the market a little longer, which is wild considering it wasn't long ago homes were navigating multiple offers and pending in less than 24 hours.So, what does this mean for you, anyway?
If you have been wanting to buy, this is your moment!! Yes, interest rates are higher, but remember, they're temporary if you want them to be. You can always refinance when they inevitably drop again. This also means you have more houses to choose from. You have a little more time to make a decision. You have the chance to go see 3-4 houses on a Saturday morning instead of rushing out the door the moment one house goes live just to place an offer in a sea of other offers. Having an agent you trust on your side to walk you through the pros and cons of each home is so important right now.
So if this is all good news for buyers, is it doom and gloom for sellers? Surprisingly enough, no! Sellers only need to adjust their expectations. The days of tossing a sign in your yard and leaving your dirty dishes in the sink when you list are over. Sellers now more than ever need to have an agent on their side showing them how to prep their home for the market to ensure they get top dollar for their home. Your agent knows how to make your home stand out and be the most desirable on the market...listen to them and don't take any of it personally! They're just there to help you!
Everything has changed, except for one thing: having an agent you love representing you will continue to be one of the best decisions you can make. Call me today if you're thinking now is the time to make your move!
Have you outgrown your current home and want to find your DREAM Home? With the KNOCK Home Swap Program you can now buy your dream home FIRST and then sell your existing home for top dollar in the current market. It's official! I'm now a KNOCK Certified Agent and can offer you all of the amazing benefits of the Home Swap program so you can buy before you sell. Contact me to discuss the details and to see if your house is eligible (with the current equity in your home most homes are) so we can start the search for your dream home. This program enables you to move once so you save money and reduce the stress knowing you will not have to carry two mortgages. I look forward to hearing from you to discuss this incredible program and answer any questions that you may have.
Broker, REALTOR®, e-PRO®, PSA® | License# #259449
51 Kilmayne Drive Ste 100
Cary, NC 27511
LUX, OTHR, INV, NEW, BB, RELO, CON, SS, FP, SC