Posts from April 13th, 2022
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3 Things Sellers Shouldn't Worry (Too Much) About in the Near Future
Whether you sold a home in the past few years or not, you're probably well aware that houses have been selling fast, with multiple offers, and over asking price.
But everyone also knows it can't always be like that. The real estate market is cyclical, and we've seen a favorable market for sellers for quite a while now. So at some point it will likely shift in favor of buyers, at least to some degree. When? Nobody knows for sure. But it'll start happening at some point, so it's good to be aware of that and keep things in perspective if you're thinking about selling in the near future.
There are so many different predictions about whether prices will fall, or just stabilize, but most theories are that prices won't continue to rise. Buyer activity is projected to cool off due to rising interest rates, which could lead to less bidding wars, fewer offers, and ultimately lower offers for sellers.