A lot of buyers have been calling me recently to ask about getting their offers approved. They say they’ve been putting several forward, but haven’t had any luck in having them accepted.
Today, I’d like to share some tips and information about the current market and getting your offer accepted.
Rates, prices, and seller confidence are all up right now. However so is buyer frustration. This is because affordability is down, and it’s become increasingly difficult to secure a deal on a home listing.
"As a buyer, you have to set yourself up to succeed."
One hurdle buyers are encountering lately is the fact that rates have risen since last year. Unfortunately, rates are going to continue to rise. This lower affordability has been forcing buyers to put forward lower offers.
Also, inventory is sparse, with just 2,700 homes in our entire local market.
But there’s no reason to panic. Don’t overthink; go out and make an offer. You must be ready to pay at or above asking price.
Don’t play games right now. If you want to secure a home, you’ll have to be prepared to compete with multiple offers. As a buyer, you have to set yourself up to succeed.
If you have any other questions or would like more information, feel free to give me a call or send me an email. I look forward to hearing from you soon.