Lamacchia Realty
OCTOBER 25, 2023
Furthermore, potential sellers with covid-era mortgage rates of around 3% aren’t actually listing because it means they’d have to give up that historic rate and trade it in for one that is two to three times higher. Fewer sellers need to adjust their price because, again, it’s a seller’s market. It means they’re down.
Lamacchia Realty
JUNE 21, 2022
For the past few years, with inventory at historically low levels , sellers were coming pretty close to naming their price and buyers were paying. The low rates made it possible to offer more on a home as the cost of borrowing was lower and therefore, sellers weren’t the ones competing, buyers were. The same will be true for sellers.
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Lamacchia Realty
AUGUST 3, 2021
Buyers have had more money to work with due to the low mortgage rates , and sellers who actually listed their properties were given the pick of the litter in multiple offer situations where most of the time, the homes were selling for over asking. It comes with a negative stigma for sellers to hear that a price adjustment is recommended.
Lamacchia Realty
MARCH 26, 2024
Source Inventory rises when more sellers are listing than buyers are buying. When there are market changes it often takes sellers time to first realize it and then be willing to accept it. This can be particularly important in a buyer’s market, where buyers have many options and sellers need to stand out.
Houston Properties
JANUARY 13, 2021
Avoid 9 Costly Mistakes Sellers Make. Today's monthly payments on a $500,000 mortgage are about the same as a $210,000 mortgage from the mid-1990s or a $300,000 mortgage from 2007. 2020 ended favoring sellers. The market should be soon flooded with sellers and builders looking to take advantage of last year’s trends.
Assurance Financial
NOVEMBER 9, 2021
The key to getting the best possible value for your money is understanding what’s happening in your local real estate market — whether you’re a buyer or a seller. What’s the Difference Between a Buyer’s and Seller’s Market? Buyer’s vs. seller’s markets are a matter of supply and demand.
Appraisal Today
AUGUST 25, 2023
NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, MLS hacked, appraisers and real estate agents, Humor, unusual homes, mortgage origination == Massive Missouri Lake Winnebago House for $12.6M The seller wanted that to be a part of the home, and he didn’t want it down in a cellar.
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