Buying or Selling Homes? Know your shifting Market!

I am asked every day what is going to happen in this market and if buyers or sellers should wait longer for the right time to pull the trigger. 

Honestly? - The trend we are seeing was very predictable, interest rates rise and more buyers are priced out of their previous purchase limits. 

This is important to consider because things like interest rates, foreclosures, short sales and other problems seen during the last real estate crash would likely happen here last.

Now that buyers are dropping out of the mix we are seeing less offers being submitted on desirable homes, but price points are still strong. This means there are not as many bidding wars, multiple counter offer situations or exorbitantly high offers over asking. I am still being asked if now is the best time to buy or sell and I say yes for both. If you are selling than its never been a better time to walk away with massive proceeds from your home sale. As a buyer its still a great time to buy before interest rates rise again especially knowing that offers on a home will not need to always be way over asking price.

Get in touch for any clarifications or DM me: 650.741.8146