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.