4 key strategies for homebuyers in today’s challenging market

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Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory and escalating home prices. Here's how to sort through all that.

As we embark on the spring homebuying season, the market might seem a bit chilly at first glance. Prospective buyers face a challenging landscape characterized by high mortgage rates, limited housing inventory, and escalating home prices. Compounding the situation, recent data from Freddie Mac reveals that in April, the average rate for a 30-year fixed mortgage surged back above 7%, adding further pressure.

Highlighting specific features and sharing your personal story can forge a powerful emotional bond that sets your offer apart from the rest. 3 CRITICAL THINGS YOU MUST DO BEFORE YOU HIRE A REAL ESTATE AGENT Flexibility can be a game-changer in a competitive seller's market. While cash offers often take the lead due to their speed and certainty, there are other ways to stand out. Consider offering a range of closing dates or being open to accommodating the seller's timeline.

 

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