Wednesday, May 18, 2022 / by Raysun Frost
Our nation is in the midst of a serious housing crunch. Last year, a lack of inventory and soaring prices left many would-be homebuyers feeling pinched. But now, with interest rates climbing, many of them are also feeling desperate to lock in a mortgage—which has only added fuel to the fire.1
Fortunately, if you’re a buyer struggling to find a home, we have some good news. While it’s true that higher mortgage rates can decrease your purchasing budget, there are additional ways to compete in a hot market.
Yes, a high offer price gets attention. But most sellers consider a variety of factors when evaluating an offer. With that in mind, here are five tactics you can utilize to sweeten your proposal and outshine your competition.
At Homes by Raysun with OMNI, we can help you weigh the risks and benefits of each tactic and craft a compelling offer designed to get you your dream home—without giving away the farm.
Read on to find outt ...
Tuesday, May 3, 2022 / by Enrique Castillon
Whether you have been house hunting lately or just browsing Zillow fantasizing with those big beautiful homes that most people can't afford, you have seen how fast houses are selling. This has been a popular topic recently and if you have been following me on social media, you've heard me talk about this deep seller's market we are in. The combination of limited inventory and historically low rates has created rapid home appreciation and a very competitive environment for buyers. There are a number of different ways real estate professionals measure the strength of the market and one of those ways is through months supply of inventory.
One of the ways real estate professionals know if we are in a buyer's market or seller's market is through technical measurements like months supply of inventory. If you aren't involved in the real estate world, you have probably never heard of this term before, but that all changes today! Months supply of inventory (also commonly referred to a ...
Wednesday, November 24, 2021 / by Raysun Frost
Snapshot from National Association of Realtors (NAR): October 2021 brought 6.34 million in sales, a median sales price of $353,900, and 2.4 months of inventory. The median sales price is up 13.1% year over year, and inventory is down 12% from October 2020.