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Home Prices Fall and Listings Soar: Could It Be a Great Time To Buy Despite High Mortgage Rates?

Realtor.com

” Can seller concessions balance out rate hikes? Sellers might not think it’s the best time to list homes, but could it be a good time for home shoppers to buy? “That you’ll have all the leverage for negotiating with sellers. “What does all this mean if you are looking to buy a home?”

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A top agent’s take on 2023 housing trends

Real Trends

There will be less price negotiation, more rate buy-downs and more seller concessions. There is more price negotiation and fewer concessions on these transactions, so we can expect to see luxury properties continue to thrive despite the cooling market. That includes the lender your homebuyers and sellers have chosen!

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Buyer’s Market vs Seller’s Market: What’s the Difference?

The Close

Competition is lower for a home, and the number of days on market increases for listings. A buyer’s market can be determined by calculating the months of inventory. Anything more than six months is traditionally considered a buyer’s market. In this scenario, sellers have the upper hand in negotiations.

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Rising insurance costs, ample inventory create a unique market in Southwest Florida

Housing Wire

“Last year we were still adjusting from the effects of the pandemic market, but now the trends seem to be getting back to our baseline, which is more like our 2019 market,” Smith said. Days on market is also trending back to what is more normal for our market as well.”

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How Much Should I Budget to Sell My House? Here’s the Average Cost

HomeLight

Kentucky-based Dianna Caldwell , a seasoned agent with 16 years of industry experience under her belt, gave us a rundown of seller costs and what homeowners should budget before they sit down to the closing table. Accounting for your payoff amount will help you determine how much cash you’ll net after your home sale closes.

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What Is the Cost to Sell a House in Texas?

HomeLight

Nevertheless, Gina Candelario , a top agent who works with 78% more single-family homes than the average San Antonio, Texas, agent, says sales are good and it’s still a seller’s market. HomeLight’s free Agent Match platform can connect you with a top real estate agent in your market. Seller concessions.

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How to Find Comps for My House: An Illustrated Guide

HomeLight

Location: Neighborhood, access to major highways or public transportation, how close it is to the school or a public park, all of these influence a home’s price. Date of sale: A home sale from three years doesn’t reflect market conditions today. Collier Swecker. Real Estate Agent. Collier Swecker. Currently accepting new clients.

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