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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.

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

HomeLight

Sample seller expenses for a $453,300 house. Cost to seller. Seller concessions. On the flip side, in a buyer’s market, ensuring all of your home’s major systems remain in working order can keep buyers from passing over your property for the one next door. Seller concession. Percentage of home value.

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How to Find Comps for My House: An Illustrated Guide

HomeLight

Divorce attorneys could use comps to help a couple split their assets and divide up equity. The sold price also may fail to reflect any seller concessions , or money the sellers had to pay to repair the garage, replace the carpet, or cover the buyer’s fees at closing. How can I find comps in my area? City websites.

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Can I Sell a Home After Owning It 2 Years? Here Are 8 Things to Consider

HomeLight

Primary reasons for this include lack of equity accumulated in the home and insufficient appreciation – an increase in property value. The market is the largest driver of price,” Gore says. In a seller’s market , prices typically rise, which could effectively boost equity in your home and increase appreciation.

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Can I Sell a Home After Owning It 1 Year?

HomeLight

You can sell a home whenever you want, but expect financial consequences if you have little equity in it. There are a number of reasons for this, including lack of equity accumulated in the home and insufficient appreciation – an increase in property value. You can build equity and lower your tax burden.”.

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2023 Housing Market Year In Review: A Market Ruled by Mortgage Rates

Redfin

“Looking ahead, whether interest rates will fall depends on two things: the strength and resiliency of the economy, and consumer behavior,” notes Matt Birdseye, Executive Vice President at Bay Equity , a Redfin company. In fact, by November, more than one-third of all home sellers gave concessions – down from the record 45.6%

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Sell Your House Fast in Miami: Expert Strategies for a Quick Sale

HomeLight

If you need to sell your house fast in Miami, whether you’ve inherited a property, you’re relocating for work, need to cash out your home’s equity fast, or are looking to put a divorce behind you, the two best strategies are: 1) seek out a cash offer, or 2) work with a top real estate agent. The company has 4.6

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