Found 3 blog entries tagged as sellers market.

The 10-Year Treasury Hits 4.8%: What This Means for Real Estate

As the 10-year Treasury yield reaches 4.8%, the ripple effects are being felt across the real estate market, impacting buyers, sellers, and investors. Here are my thoughts on what this shift means and how we can respond to this evolving environment.

Higher Treasury Yields and Borrowing Costs

Treasury yields often set the tone for other interest rates, including mortgages. As yields rise, borrowing becomes more expensive, directly affecting affordability for homebuyers.

For homebuyers, these higher mortgage rates can significantly alter the landscape. Monthly payments increase, forcing many to either reconsider their budgets or put off purchasing altogether. This reduced…

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offer accepted

Communicating with your client.

Your client needs to be made aware that offers are getting bid up. They should not look at properties at the top of their price range. Search for homes 20% less.

-         Make sure that all the fields are filled in and logical.

-         Cash offers carry more weight.

-         Place yourself in the shoes of the listing agent and seller.

Communication with the listing agent.

Use the phone and have conversations with the listing agent backed by texts, a bomb-bomb video, and then email. Get the agent extremely comfortable with you.

Ask the agent if there is anything important to the seller. I.e., closing date, leaving furniture, etc.

Ask the agent if there is a board form with which they are most…

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What’s the Difference Between a Seller’s Market and a Buyer’s Market? As we begin 2019, if you are about to start looking for a home, you may come upon these terms. Beyond a simple definition for each of these, it is very important to know the different factors that define each, and how the different markets can impact a buyer.  This article will examine these areas.

Seller’s Market Defined

A seller’s market exists when there are many more buyers seeking to purchase than there are homes available on the market. Stated differently, there are less houses available to satisfy a larger pool of buyers in the marketplace. This lack of listing inventory leads to rapid (at times excessive) price appreciation, very quick closings, many cash buyers,…

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