The real estate market is poised for a significant shift following the Federal Reserve's decision to cut interest rates by half a percentage point on September 18. Many realtors and mortgage brokers predict that these lower interest rates will likely attract more buyers to the housing scene. This increased demand could drive home prices higher and intensify competition for an already limited inventory.
After establishing the relationship, Lueker learned about a pending price drop before anyone else. As a result, she was able to get her client's offer accepted within 24 hours of the price reduction — beating out other potential buyers.By working with an experienced agent, you benefit from their market expertise and strategic negotiation skills. These advantages can help you close on the right home at a fair price, no matter the market conditions.