As the season changes from summer to fall, now is a great time to reflect on the year so far. If you’ve been working on a project and finally seeing it come to fruition, celebrate the time and energy you put in! Maybe you’re finishing up a remodel to get your home ready for the market or have been saving up funds and searching for that first home to purchase. We’re here to help you take that step and reap the benefits of all that hard work…
If you’ve been keeping tabs on the real estate market in our area, you’re aware of the extreme conditions we’ve seen this year with low inventory and record-breaking prices. Home buyers are understandably nervous, but we’d like to offer some advice on how to make the best decisions going forward:
- Be prepared beforehand. Getting pre-approval for a loan BEFORE making an offer is imperative in order to act quickly when the time comes. Inventory that is priced correctly may have several offers coming in and you won’t want to miss out because of financial questions. That’s just one less variable to worry about when you find that property you love!
- Find a team of experts that have your best interest in mind. That’s where we come in! It is our priority to make sure our clients trust our advice and always feel like a priority. We understand that buying a home isn’t a small decision and can stir up a range of emotions. Surround yourself with experts that will advocate for you!
- Have patience. The local market is already showing signs of stabilizing with a drop in median sale prices from $402,500 in July down to $374,900 in August. Over this last month, we’ve also seen inventory sit longer and properties are beginning to drop in price which shows a sense of urgency and attempt to regain buyers’ attention.
We encourage buyers to be prepared, be patient in their search and find trusted experts that will help navigate the market. If you’d like to discuss your situation or have further questions about the current market conditions, we’d love to chat!
Give us a call at 360-410-1297 or email our team at email@example.com.