What's Happening in the Market?
It's no secret that the market has cooled considerably. But what does this mean for our clients?
For our sellers, it means more work on the front end to prepare their home for listing. Never has it been more important to present a home at its best: this means clean and free of clutter, pre-inspected and properly staged. Pricing for the current market (and not the March 2022 market) is also essential.
For buyers, there is finally some breathing room. We've been writing offers for less than asking price and retaining contingencies for inspections and appraisals. Interest rates have seen a sharp increase but lenders have responded with some creative loan products to help ease buyers' pain.
Want to hear more about buying or selling in the current market? Give us a shout.