How do buyers benefit in a more balanced market? Here are 5 big reasons why many buyers will enjoy shopping for their dream home in the summer of 2022.
Five ways buyers benefit in a more balanced market
1) More selection
The selection of homes and condos is rising in Madison and across all of Dane County. So, if you're someone who hasn't been able to find your dream home yet, there is still hope for you this summer. You'll have more properties to choose from if you hang in there and stay committed to your search.
2) Less competition
Fewer buyers are searching for homes and condos right now, which means we'll experience fewer bidding wars in the weeks ahead.
3) Better terms
More selection and less competition will lead to better terms, as many sellers learn that they will need to negotiate. This means we'll see more price reductions, more inspection contingencies, more appraisal contingencies, and more home sale contingencies, too.
4) More time
Marketing times for many properties will increase. You'll have more time to tour properties, more time to ask questions, and more time to write your offer if you hang in there and stay focused on your search.
5) Less stress
All-in-all buying a home this summer will involve a lot less pressure and stress. Isn't this the way it should be as you approach such a significant life event?
What questions do you have about buying in a more balanced market?
Reach out to one of our Madison area realtors to learn how we can help you find and buy your dream home before the school year begins. The market is mellowing, and you'll have many more opportunities to purchase and a lot more room to negotiate in the weeks ahead.
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred