Buyers Tips

Home buyers may have More Negotiation Power now

Did the frequency and intensity of bidding wars over the past two years make you, as one of the home buyers, put your home search on hold? If so, you should know the hyper competitive market has cooled this year as buyer demand has moderated and housing supply has grown. Those two factors combined mean you may see less competition from other home buyers. With less competition comes “more” opportunity. Here are two trends that may be the news you need to reenter the market. The Return of Contingencies Over the last two years, more home buyers were willing to

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New Homes May Have the Incentives You’re Looking for Today

According to the U.S. Census Bureau, this year, builders are on pace to complete more than a million new homes in this country. If you’ve had trouble finding a home to buy over the past year, it may be time to work with your trusted agent to consider a new build. There are also incentives that come with it. Here’s why. The Supply of Newly Built Homes Is Rising When looking for a home, you can choose between existing homes and newly constructed ones. While the inventory of existing homes is on the rise today, it’s still in tight supply. It can be challenging to

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AWindow opportunity for buyers

A Window of Opportunity for Homebuyers in New Jersey

This is yet another homebuyer tips New Jersey for August 2022. Mortgage rates are much higher today than they were at the beginning of the year. That’s had a clear impact on the housing market. As a result, the market is seeing a shift back toward the range of pre-pandemic levels for buyer demand and home sales. But the transition back toward pre-pandemic levels isn’t a bad thing. In fact, the years leading up to the pandemic were some of the best the housing market has seen. As the market undergoes this shift, it’s important to compare today not to the

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A Key Opportunity for Homebuyers

A Key Opportunity for Homebuyers There’s no denying the housing market has delivered a fair share of challenges to homebuyers over the past two years. Two of the biggest hurdles homebuyers faced during the pandemic were the limited number of homes for sale and the intensity and frequency of bidding wars. But those two things have reached a turning point.     As you may have already heard, the number of homes for sale has increased this year, and even more so this spring. As Danielle Hale, Chief Economist for realtor.com, explains: “New listings–a measure of sellers putting homes up for sale–were up 6%

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