Should I Buy Right Now? Or Ride The "Wave" Longer?

For the past few years, we know that buying a home has felt a lot like surfing - getting knocked down, only to get back up and keep trying to ride things out. As we head into the later part of this year, we know you may be thinking "Now what?" No one has a crystal ball, but what we can say is that today, you should face less competition and more negotiating power as a buyer.

So if bidding wars knocked you down over the last few years, here are two trends that may be just what you need to re-enter the market:

1) The Return of Contingencies - here are stats from a study in August by the National Association of Realtors (NAR):

- 95% of sellers reported buyers requested a home inspection

- 67% of sellers negotiated with buyers on repairs as a result of the inspection findings

2) Sellers Are More Willing To Help with Closing Costs - a recent article showed that 32% of sellers paid some or all of their buyer’s closing costs.

Ready to get back up? Give us a call to ride the final wave into your dream home.