Sometimes Buyer And Seller Price Expectations Conflict On New Listings
Some home sellers decide they ought to round up their list price a bit because surely buyers will expect them to negotiate. This might result in a house worth $400K being…
Fewer City Home Sales, More County Home Sales In 2024 With Higher Prices All Around
Happy Thursday morning to you! The summer seems to have flown by, and soon school will be starting for many of us... as parents of K-12 students, as parents of college…
Where Do All Of The People Work Who Will Live In All The New Housing Being Built?
This is a good question and one that I have had multiple people native to the area and new to the area ask me over the past few years... Where Do All Of The People Work…
Mortgage Interest Rates Fall, Again, To Lowest Levels In Over A Year
I suppose this might become an ongoing theme over the next few months but mortgage interest rates have fallen, again. The average 30 year fixed rate mortgage interest…
After X Days On The Market Without An Offer, You Should Consider Adjusting Your List Price
Solve for X... After X Days On The Market Without An Offer, You Should Consider Adjusting Your List Price Arguably, X varies based on the property location, property…
Most Homeowners Make Home Improvements For Two Reasons
Whether you are finishing some basement space, remodeling a bathroom, or upgrading your flooring, most homeowners are making home improvements for two reasons... 1…
It Is Reasonable To Pay A Bit More Than Market Value If...
Most home buyers do not want to pay more than market value for the home they will purchase. If a home is worth $325K in the current market, then they would prefer to pay…
How Many Days Did It Take For New Listings To Go Under Contract
All new listings are not receiving multiple offers. All new listings are not under contract in a matter of days. But plenty of new listings are going under contract…
Mortgage Payments Drift Downward As Mortgage Interest Rates Slowly Decline
The average mortgage interest rate on a 30 year fixed rate mortgage has been slowly declining over the past three months, from 7.22% on May 2nd to 6.73% on August 1…
With Home Inspections Back In Play Again, Do Not Assume Your Contract Price Will Definitely Be Your Sales Price
Plenty of buyers are making offers that include home inspection contingencies these days - and reasonably so. A home purchase is a large purchase and a major decision and…
Two Versions Of Paying Slightly More For A House Than You Had Hoped
Sometimes a buyer loves a new listing but thinks it is priced a smidge higher than it should be - and they aren't sure what to do. Here are two versions of how such a…
How Quickly A Home Seller Responds To An Offer Is Often Related To How Likely It Is They Will Receive Multiple Offers
Nearly all home buyers would like home sellers to respond right away to their offer... but sellers don't always respond to offers in a timely fashion. One dynamic that is…