Remove Bracketing Remove Inspection Remove Insurance Remove Sellers
article thumbnail

2024 Bidding Wars – How to Strike and Win

Lamacchia Realty

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. Offer Over Asking Sellers often price their homes aggressively to incite bidding wars. Real estate is a long game.

Buyers 70
article thumbnail

2022 Bidding Wars – How to Strike and Win

Lamacchia Realty

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable. Consider Waiving Inspection. Shorten Contingency Time Frames.

Sellers 73
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

2023 Bidding Wars – How to Strike and Win

Lamacchia Realty

Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. Compose a Personal Letter Sellers are often more likely to choose a buyer with whom they feel comfortable. Real estate is a long game.

Buyers 41
article thumbnail

The Complete Guide to Buying a Home As a Government Employee

Raleigh Realty

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. Consider Property Taxes When you pay for your home, you'll need to pay other fees like property taxes and insurance. Getting pre-approved tells the seller that you're serious. And shop around for lenders.

article thumbnail

Houston Housing Market Forecast: Current Data & 2021 Predictions

Houston Properties

Avoid 9 Costly Mistakes Sellers Make. For certain parts of the economy, usually in the upper-income brackets, they didn’t carry a lot of debt and they couldn’t go out to spend their money. On the other hand, the four restaurant workers would still need to spend monthly payments for rent, food, transportation, and insurance.