Washington, DC (WUSA9) — The weather may be cooling down, but the real estate market is heating up. Sellers are motivated and buyers should take advantage of this time. Here's how to stay competitive according to The Real Deal in Real Estate Team.
- Buyers- don't hesitate. Buyers may be dissuaded because they think of spring as the time to typically buy a new home. But many houses on the market now have been there for months. Sellers who may have overpriced their homes are extremely motivated and more willing to negotiate.
- Trying to save money can cost you. If you're looking to buy within the next year, you may be of the mindset that you need as much time as possible to save money. However, interest rates will rise. Although you may have saved money over several months, the home ultimately could've cost less had you taken advantage of lower interest rates.
- Pay attention to storm damage. With Hurricane Florence approaching, it's important to keep in mind how important the final walk-through is. If you know a storm is on its way close to signing, conduct the walk-through as close to settlement as possible. This gives you the option to report any damage and negotiate further if necessary.
This article is sponsored by The Real Deal in Real Estate Pros.
