THE LATEST FROM OUR CRAZY REAL ESTATE MARKET
Well, interest rates are up a very little bit, about 0.25%. That’s about $100.00 higher payment on a $500,000.00 loan. That won’t change desirability by very much!
The sellers’ market has gotten even stronger!
If you or anyone you know is thinking of selling, NOW is the time. You will get a great price and total control of the sales process. A recent example of one of our transactions:
- The home sold the first weekend on the market
- There were 7 offers, all above the asking price (there would have been more, but we shut it down at 7 at the seller’s request
- The home sold for 18.5% ABOVE the asking price.
- There was no loan or appraisal contingency
- The buyer offered the seller an option of renting back the property for an extra 60 days if needed to find a replacement property.
This is an unprecedented opportunity for the seller to make a move they had only dreamed about in the past.
Further, we just completed 2 sales to buyers involved in multiple offers. One was competing with 5 other buyers. The other was chosen over 18 buyers. We know how to get your offers accepted if you are considering buying.
As always, but even more so now, contact us with any thoughts or questions about buying or selling. We promise you the best and most knowledgeable support for all your real estate activities. Call 949-500-6365, email Frank@FrankDiLauro.com, or through our website, www.FrankDiLauro.com
