SELLING HOMES IN TODAY HOUSING MARKET

Selling homes in today housing market can be a challenge. The main reason is everyone is complaining about the spikes in the mortgage rates since June of 2022. Many homebuyers are hesitant to buy a home because they cannot no longer to afford the monthly payment. This certainly hurt a good percentage of all homebuyers. No many have to reconsider moving further out than desired to get what they want. Many have accepted this and purchased a home. Many preferred lenders for new construction have purchased huge blocks of money and being creative. Example buyer agrees to 5.0% the first year, 5.5% the second year and lock at 6%. Rest assured mortgage rates will come down in time and many new homeowners may certainly refinance. This housing market has definitely cooled down and many sellers have to rethink the selling process with the professional advice of their trusted advisor and professional realtor.

Some may say it's a terrific time to sell, some may say it's not a good time to sell. This depends on the seller circumstances. Every situation varies and some have more flexibility than others with cash flow. We are currently at the peak of mortgage rates at this time of year closing out 2022. What caused the growth in the housing inventory in 2022? Review the chartMore Homes Available For Sale. Reality states mortgage rates and home prices have helped moderate the peak frenzy of buyer demand, which has slowed down the pace of sales. As the pace of sales has slowed down, inventory has grown as a result.

Many sellers have missed the prime time to capitalize on net proceeds. However there are still buyers that want to buy a home since the change in the pandemic trend. For example in Dr Phillips Central Florida area location has a lot to offer a buyer. The buyer may overlook some minor home inspection items to be located where their is a lot to offer for their family. Minutes to Disney Theme Parks, parks, YMCA, restaurants, shopping all along international drive and much more entertainment to offer. 

Currently 2023 now interest rates are almost 8%, however the demand is sill there as sellers and banking industry are trying to figure out how to navigate through risky waters to land a sale.

NEGOTIATE

Many sellers are willing to negotiate under certain conditions to avoid the rush and stiff competition. Since bidding wars are simply non-existence seller have to shift their thought process with their professional realtor and trusted advisor. The inventory remains low, however more homes came on the housing market inventory. many sellers are negotiation repairs after home inspection and help with closing cost. This has to be the right mix for the buyer and seller to come to terms. Buyers are regaining negotiation power under these housing market conditions. Keep in mind it is still a small sellers market for that unique home.

Regardless of the extreme competition of the past several years, negotiations are alive and well and this is good news on your journey. As you are hiring a realtor, look for the designation GRI that is used for successful negotiation transactions by a professional realtor. Click link to learn more /ABOUT-KEVIN-STRAWTER-P-A---MRP--GRI--ABR-6-14330.html?

TRUSTED ADVISOR

As a trusted advisor, professional realtor and retired military veteran, I am here to serve you and always on the pulse of the housing market for the Dr Phillips and Central Florida area.  Always stay in tuned, educated and connected in this volatile housing market to purchase or for the sale of your home. 

In the absence of trustworthy up to date information, real estate decisions are increasingly being driven by fear, uncertainty and doubt. We as trusted advisors drive the real estate community and always preaching the truth of real estate. So don't let this shifting housing market delay for dreams, data shows home values typically appreciate over time and that gives your net worth a nice boost.

If you are ready to start your journey contact me today at 850 496-6412 to help begin a new walk to homeownership and all of your real estate needs.