What Does Being in a Sellers’ Market Mean?

What Does Being in a Sellers’ Market Mean?

Posted on .

When the supply of houses for sale is as low as it is right now, it’s much harder for buyers to find homes to purchase. That creates increased competition among purchasers which leads to more bidding wars.

3 Charts That Show This Isn’t a Housing Bubble

3 Charts That Show This Isn’t a Housing Bubble

Posted on .

During the housing bubble, as prices skyrocketed, people were refinancing their homes and pulling out large sums of cash. As prices began to fall, that caused many to spiral into a negative equity situation (where their mortgage was higher than the value of the house).

6 More Tips For Buyers In a Fierce Seller’s Market

6 More Tips For Buyers In a Fierce Seller’s Market

Posted on .

Long gone are the days where you can buy a home with just 3-5% down. Today, Sellers are being bombarded with multiple offers and many buyers are going $50-$100K (or more) above list price AND using fancy terms such as an Appraisal Gap Clause and waived inspections.