Advice for Buyers: Buyers who are considering selling near the top of the conforming range are in an ideal position to trade up. Since inventory below the conforming range is selling quickly and homes outside conforming price ranges have languished, sellers may be in a position to aggressively negotiate.
If you’re buying, the key word is preparation. Be ready with your financing paperwork and get pre-qualified for your loan and show your have adequate cash reserves. In multiple offer situations, lenders and sellers respond best to buyers who have financing in place and ready to go. See www.hslca.com for more details and financing options.
Advice for Sellers: Homes in the conforming ranges are selling faster than they can be replaced in inventory. If you’ve been holding your home off the market for better terms, now’s the time to take advantage of a wider pool of qualified buyers.
For sellers with homes above conforming price ranges, price your home to sell. The larger the inventory, the less chance your home has to find the right buyer unless you price your home attractively.
Attached or Detached?
Detached homes stand alone and share no common walls with any other home. Attached homes share at least one common wall with another home, including condominiums, townhomes, and duplexes among other types of homes.