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

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Federal Housing Financing Agency (FHFA). For example, in 2017, a competitive housing market in Western Washington prompted “serious buyers” to waive home inspections and financing contingencies. A flood of homes for sale gives homebuyers more options to choose from. Homes sell faster. You may receive multiple competing offers.

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Buyers: Here’s Your Negotiation Strategy for When the Appraisal on a House Comes in Low

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After a low appraisal on your dream home , you may assume that this is the end of the road because it may mean the termination of your mortgage loan if you can’t work out a deal. Short sales in the neighborhood . In some cases, short sales may be to blame for a low appraisal. And can you use it to your advantage?

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Sell Your House for Cash: For Some, the Convenience Can’t Be Beat

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According to a Q3 2021 study by ATTOM Data Solutions, all-cash home sales are at their highest level since the first quarter of 2015, with 34% of all single-family homes and condos purchased without financing. “In Who’s paying cash for houses? Reasons to sell your house for cash.

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

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You found your new home and want to avoid carrying two mortgages. 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. Carrying costs of paying mortgage, utilities, and insurance.

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Thinking About Writing a Love Letter to the Seller of Your Dream Home? It’s Not Always a Good Idea

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Mahan explains that in 2021’s hot seller’s market, “for some sellers looking at over 20 offers that were all very similar financing-wise and similar as far as net dollar amount, sometimes the offer letter would make them stand out one way or another and help them visualize a different person in their home.”. Again, emotions may be high.