What Buyers and Sellers Need to Know
Sellers:
Your home needs to ̓Look like a model and be priced like an REO. ͂ As we enter into our ̓high ͂ season, have your home both priced well and staged well to sell as quickly as possible. Concessions are common among financed buyers, so be prepared to pay those. Pricing has remained relatively stable for over a year please don’t expect the home you bought in 2013 to be worth $50,000 more than you paid for it!
Buyers:
Interest rates increased just slightly in February following the monthly MI
decrease on FHA loans. Activity will continue to pick up going into Spring, and you may find yourself in multiple offer situation. So be realistic in your negotiation strategies! Sellers are more negotiable than they were a year ago, but low-ball offers will not win you any homes.
