How far can you negotiate with sellers?
As we have seen, interest rates have increased this summer. Just a few months ago earlier this 2022 year, it was a seller's market. But now the tables have turned. We are seeing price reductions, sellers offering credits, longer days on market, and a slight dip in where home prices have been. We were at a peak of our home prices that was unprecedented and unsustainable so a "dip" is what we call just a correction in the market. Even some sellers are willing to go above and beyond to help buy down a buyer's interest rate in order to get their home sold. With seasons changing and winter approaching in the near future, my recommendation if you are a BUYER to continue your pulse in searching for homes that have been sitting on the market for 30 plus days.
The best way to look at buying, is you never know what position a seller is in and how motivated they could be UNTIL YOU TRY and present them with an offer.
Write the offer with YOUR terms!
- Whether that be a home sale contingency
- Asking for furniture to convey with the sale
- Ask for "$10,000" in credit to apply towards your purchase (You'll want to confirm with your lender what your credit cap looks like.)
- Ask for a longer escrow, etc.
These are all things that we have not been able to ask for UNTIL NOW!
Take a look at the homes on the market that have been on for 30 plus days. If you have any questions about the real estate market or would like to see a home today, please contact me to the below!
Homes 30 days on the Market or more
Click the links below to sort results by price range.
- All Listings
- $400,000 - $500,000
- $500,000 - $600,000
- $600,000 - $700,000
- $700,000 - $800,000
- $800,000 - $900,000
- $900,000 - $1,000,000
- Over $1,000,000