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Two Ways Homebuyers Can Win in Todays Market

Reblogger
Real Estate Broker/Owner with Hamm Homes

Shayne Stone came up with a great blog to share with all of us here in the Rain.

 

Original content by Shayne Stone 0561240

If your goal is to purchase a home this year, you might be looking for any advantage you can get in todays sellers market. While competition is still fierce for homebuyers, there are ways you can win and secure the home of your dreams, even in a hot market.

Act Early and Save

The earlier you act this year, the more affordable your purchase will be. Thats because experts project mortgage rates will rise as we move deeper into 2022. According to Freddie Mac, the average 30-year fixed-rate mortgage is expected to be 3.5% by years end. Experts forecast home prices will rise as well.

That means the longer you wait, the more it will cost you to buy a home. Instead, act early and purchase your home before rates and prices rise further. Not to mention, the sooner you buy, the sooner you can experience the benefits of continued home price appreciation yourself. Once you have your home, you'll be able to watch its value rise, giving you confidence that your investment is a sound one.

Buy Now, Move Later

Keep in mind, with high buyer demand like were seeing today, you'll be competing against other potential homebuyers, which means you need to find a way to stand out. One way to accomplish this is to negotiate with sellers and present terms that meet their ideal needs. Danielle Hale, Chief Economist for realtor.com, explains one lever flexible buyers can pull to entice sellers:

For buyers with more flexible timelines such as those making a move from a big city offering a couple extra months on the closing date could sweeten the deal for sellers who also need to buy their next home.

In other words, if you're eager to purchase a home now before it becomes more costly and you don't have to move right away, you could extend the date of your closing and provide the seller with the time they need to find their next home. Thats a deal that could benefit both parties and help you stand out from the crowd.

Of course, its important to work with a real estate professional for expert advice on how to make your best offer. Your trusted advisor knows what's working in your market and what may appeal to sellers.

Bottom Line

Experts project home prices and rates will increase in 2022. That means buyers who are ready should act soon and find ways to strengthen their offer to meet sellers needs. Lets connect today to learn how you can win in todays market.

 

 

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Comments (4)

Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Fantastic re-block Will, Shane makes a lot of sense right now for buyers in the market looking to purchase

Jan 27, 2022 02:20 PM
John Pusa
Glendale, CA

Hello Will Hamm very valuable report about about two ways homebuyers can win in today's market.

Jan 27, 2022 03:30 PM
Ed Silva, 203-206-0754
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

A post well worthy of a re-blog.  With interest rates still low and the strong reality that they will go up due to inflation, now is a perfect time to buy.

Jan 27, 2022 04:38 PM
Roy Kelley
Retired - Gaithersburg, MD

Thank you very much, Will, for sharing this reblog selection.

Have an outstanding weekend. 

Jan 29, 2022 06:15 AM