Buyers: You Have the Power Again
Good news if you're a buyer: Your negotiating power is back!
While interest rates have risen significantly from the record-lows, the market is now shifting heavily in buyers' favor compared to recent months.
That means, in many cases:
-You now have many homes to choose from.
-You usually won't be competing with other offers
-Use Realtor Comps and don't pay over asking or over market
-You can now ask for the seller to pay for your home warranty
-Don't worry about skipping inspections or other buyer rights
-Some other concessions may now be on the table
Now understand, we're technically still in a seller's market- but that's more because it takes certain numbers to catch up with reality.
Many buyers and sellers don't yet realize how much the market has shifted.
Many Realtors don't even yet realize how much the market has shifted.
Take advantage of having bleeding-edge market knowledge to make your decisions!
