Are buyers still in a good position to buy this Fall? Now that summer has come to an end and Fall is here, WHAT…… are the experts saying about the housing market for buyers for Fall 2022? The question is,…… “Is it still a good time for me to buy?” Well, the short answer is YESSS.
Hi, I’m Tanja Odzak, Our East Bay Home and eXp Realty,and I’m here to tell you the Fall housing market looks promising for buyers. According to Lisa Sturtevant, Housing Economist for Freddie Mac, and I quote, “After the end of summer lull, and as mortgage rates stabilize, we may see a return of buyers and a relatively strong fall housing market.” While interest rates have gone up, much to the buyer’s advantage they are still historically low. AND along with increased inventory, more options continue to become available to homebuyers in a market that is still competitive but not one where a homebuyer is continuously outbid. This in turn gives buyers the opportunity to purchase while experiencing seller concessions that may not have been available the last couple years. This can include closing cost credits, rate buy downs and sellers covering cost of repairs. Also, if you are considering buying, please consider this short list of things to concentrate on to put you in a better position: Having a good credit score, personal savings in the bank, a down payment, what is your debt to income ratio and the type of loan. When you combine these with the increased level of inventory that we have on the market, as a homebuyer you are in a better position to purchase and may have more room for negotiation depending on what the home was originally listed for. But as always, consult your experienced real estate professional for expertise, insight and market updates. Experience in a market like this is now more important than ever. Please feel free to reach out to me today so we can better serve you through the buying process and help you find the home of your dreams.
And ask me about my tiered home selling plans where you get to pick which real estate services you want and the fee you pay. Most of them include my super duper digital marketing that no one else does. I’m Tanja and I sell houses. I offer simplified and transparent choices! And I’m always here to help.
I’m a Top Producing Realtor® in the OAKLAND / BERKELEY / EAST BAY AREA. I’ve been in the San Francisco East Bay Area since I came up to do my undergrad at UC Berkeley (a long time ago!), with a short stint at UC Davis while getting my Master’s. I take my duties as a Realtor® and Fiduciary very seriously, I enjoy educating my sellers and buyers along the way. Putting People, Before Profit.
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