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Do I Accept the First Offer on My House, or Wait and See?

HomeLight

You found your new home and want to avoid carrying two mortgages. Your house has been on the market three months or more. Cash vs. financing : Cash offers usually result in a faster sale than mortgage-backed offers; if speed is an important aspect of the sale, this could make a significant difference. Real Estate Agent.

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Should I Sell My Current House Before I Buy a New One?

HomeLight

Or, you could wind up paying two mortgages for a while if you go ahead and buy that dream house before you’ve sold yours. Each option may have advantages that depend on market conditions. It helps to know where the market is now and where it’s headed. In a buyer’s market. The market in 2022 is slowly changing.

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Is It a Good Time to Sell a House, As Home Prices Would Suggest?

HomeLight

Many Realtor boards publish monthly market reports featuring data on local home prices and days on market trends to give you a more precise gauge of market temperature. The Mortgage Bankers Association’s weekly survey indicated a record demand for mortgage applications. The association saw a 42.2%

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Seller’s Market 101: Is Your Real Estate Market Hot or Not?

HomeLight

Lack of supply is a significant factor that contributes to a seller’s market. Let’s take a look at some factors that may contribute to an inventory shortage: An insufficient supply of new builds to close the gap: When builders aren’t keeping up with buyer demand, the result intensifies a housing imbalance.

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Seller’s vs. Buyer’s Market: A Seller’s Guide to Decoding Market Conditions

HomeLight

To help us understand both buyer’s and seller’s markets, we spoke with top real estate agent Kim Rock. The 13-year industry veteran has a track record for selling homes fast — her listings close 65% quicker than the average Philadelphia agent. Seller’s market: The odds are in your favor. Source: (yi sk / Unsplash).

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