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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 65
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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 69
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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
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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. Getting pre-approved tells the seller that you're serious. And the seller's agent will be happier to do business with a colleague in the field. USDA loans are for those in the low to moderate-income bracket.

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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. 2020 ended favoring sellers. KEY RESOURCES: Study Of How Previous Pandemics Affected The Real Estate Market. Do You Want To Buy A Home Now?