Special offer

Now is Not the Time to Pause Your Home Search

By
Real Estate Agent with Hollish Hill Group, JPAR Stellar Living

Yes. Interest rates are higher than when you looked last year. Do you remember last year? When you were bidding way above the list price, removing all your buyer protections, including inspections and appraisals? That wasn't fun and you didn't end up buying a home. It wore you out and you wanted to take a break. I understand. It wasn't fun. For you, or for me. 

Interest rates have come down a bit and we are currently in a market with a lot less competition. Sellers are seeing their homes sit a bit longer and they are more open to the idea of concessions. Whether they help buy down your rate, or allow you some cash for repairs, sellers are negotiating. 

Once the Spring Market hits full swing this year, it is going to be a sellers market again. That usually starts a week or two after the Super Bowl. So - soon. So, if you are still thinking about buying a home, NOW IS THE TIME to resume your home search! It is time to press play. press the play button

I know your lender doesn't think you can afford as much as you were going to spend last year. Do the math. Remember how much you were bidding over list price. Wouldn't it be nice to spend less, even if interest rates are a little bit higher?

Let's talk. Keep looking for the home of your dreams. If you look now you may even get a home inspection or closing costs. It's YOUR MOVE! Give me a CALL at 202.271.5301 to GET STARTED!

Posted by

______________________________________________________________________

Dana Hollish Hill
REALTOR * Broker * Coach 
JPAR Stellar Living
800 S Frederick Ave, Suite 200, Gaithersburg, MD 20877
office 301.944.9070  
cell  202.271.5301
web danahill.jpar.com

Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent buyer information. Thank you for sharing. Have a wonderful day and a blessed week.

Feb 15, 2023 03:17 AM
Dana Hollish Hill

Thank you Charles-

To you as well. 

Mar 01, 2023 07:41 AM
Michael Jacobs
Pasadena, CA
Pasadena And Southern California 818.516.4393

Hello Dana - in a world of full of opportunities, why not be positive, right?  

Winston Churchill has been attributed with these words:  

A pessimistic sees the difficulty in every opportunity;  an optimistic sees the opportunity in every difficulty.  

Feb 15, 2023 05:17 AM
Dana Hollish Hill

Positivity is key Michael

Great quote. I may have to use that one sometime. 

Mar 01, 2023 07:48 AM
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

This is an excellent post with great information. Thanks for sharing it.

Have a super fantastic week!
Joe Jackson, Realtor-KWCP

Feb 15, 2023 05:23 AM
Bill Salvatore - East Valley
Arizona Elite Properties - Chandler, AZ
Realtor - 602-999-0952 / em: golfArizona@cox.net

Enjoyed your blog page, and I added you as a friend. I would love the follow back. Families on the move will appreciate your local real estate expertise. Bill

Feb 15, 2023 05:58 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Good morning, Dana... this is exactly what I've been "preaching" myself. Waiting will only cost buyers more in the end.

Feb 15, 2023 06:05 AM
Dana Hollish Hill

You are so right Nina

We've seen this before. Some who wait will be priced out of the areas that wanted this year. 

Mar 01, 2023 07:50 AM
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Dana, I have buyers a bit reluctant to buy right now, but we are seeing Sellers paying concessions to buy down the rates.

Feb 15, 2023 07:40 AM
Nick Vandekar, 610-203-4543
Realty ONE Group Advocates 484-237-2055 - Downingtown, PA
Selling the Main Line & Chester County

Good encouragement for those tired buyers out there wondering if they will ever be able to buy a house.

Feb 15, 2023 07:44 AM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Hi Dana:

There's lots of good advice here for buyers in the current market. We definitely seeing more negotiations and concessions, BUT buyers should not assume they are going to get a low ball offer accepted.

Jeff

Feb 16, 2023 01:15 PM
Dana Hollish Hill

So true! The sellers are not getting the escalations, but they are not accepting low ball offers. Things will change in a month or so and the market will be in the full swing of spring market. Sellers will wait rather than take the low ball offer. 

Feb 17, 2023 12:21 PM