There is a little change.
More homes are hitting the market, and there is not as significant a shortage of inventory that we have been experiencing.
I do not see the multiple, way over asking offers. Homes are still selling well but maybe not as fast—good news for the buyers who have been patiently waiting to purchase.
And perhaps, they don't have to make an above offer, forego a home inspection and waive an appraisal. All three things that I don't like to see buyers go for.
It's good to see the market opening a bit for buyers—slight changes with more homes on the market. I still have numerous clients ready to buy who have been scared away from this market. By being patient, we are going to see more buyers succeed in the market. So many are ready and qualified, but they need guidance in making the right decision at the right price and terms.
As more inventory becomes available, buyers will buy without the same rush and feel more comfortable doing the standard inspections. Hopefully, there will not be the pressure to make an offer on the same day it hits the market. There will be some good buys as some agents are still pricing for multiple offers that may never come.
You should be able to see the house more than once. It's essential to come back for that second look. Bring a trusted advisor, contractor, or a family member who may be helping financially.
Taking away the frenzy of real estate offers, hopefully, will reduce 'buyer's remorse.'
More inventory means more opportunities for many buyers.
And once again, we can say that Buyers Are Future Listings!
Thinking of buying or selling a home
Call Margaret Rome