Jane & Jeff Daley, REALTOR®s out of Scottsdale Arizona, presented this easy to understand blog post about some benefits of a changing market for buyers, so I decided to reblog.
It may be more challenging for you and your REALTOR® to find a comparable quality home in your new budget from your lender's pre-approval letter, now that mortgage rates are higher. But, since prices pulled back in July for the first time in years, once you find a home you like, sellers may be a LOT more negotiable with you compared to past sellers over the last couple of years!
Three Reasons To Buy a Home in Today’s Shifting Market [INFOGRAPHIC]
- The housing market is moving away from the frenzy of the past year and it’s opening doors for you if you’re thinking about buying a home.
- Housing inventory is increasing, which means more options for your search. Plus, the intensity of bidding wars may ease as buyer demand moderates, leading to fewer homes selling above asking price.
- If you’re ready to buy a home, now may be the moment you’ve been waiting for. Let’s connect to start the homebuying process today.