It's been a crazy year for real estate, especially for buyers who entered the fray this spring. So many buyers were forced to endure bidding wars earlier this year, with sometimes as many as 20 or more other buyers competing for the same home. A lot of buyers ended up feeling discouraged and burnt out, and some put their homeownership plans on hold. This was especially true for buyers who needed to sell their current home in order to buy a new one. They felt that they just couldn't compete with a home sale contingency.
Reasons for optimism this fall
If you are one of those discouraged buyers we want you to know that there is hope for you this fall. That's because the market has cooled since this spring, and were are seeing more balance as we enter the fall season. Bidding wars are occurring less frequently, and we are even seeing some buyers with home sale contingencies getting their offers accepted.
Do you still need to sell your current home in order to buy a new one?
A window of opportunity is opening up for you right now. Reach out to us for a planning session, and talk to your lender to make sure your financing plans are in order. With a good plan and a good team supporting you, you can still make your dream home happen in 2021!
This article is published courtesy of: Dan Miller, REALTOR Mad City Dream Homes & RE/MAX Preferred