Happy August 2022!

Two main topics we wanted to make sure you are aware of.

1. The housing market is different, it is refreshing to know the market is balancing out. This should be our new norm for the rest of 2022.

2. What a seller buydown is and why it exists? Instead of a seller continuing to reduce the list price to entice a buyer, they are offering a credit to the buyer to help buy down the interest rate which will decrease the buyers monthly payment so they easily afford the home at list price. This has been a hot topic due to the increase of interest rates.

Fact or Fiction: " We are in a housing Bubble." FICTION

Some think that we are in a housing bubble due to rapidly increasing home values over the past few years and now home inventory increasing, similar to the 2008 housing crisis.

Here are four reasons this time is different:

1. Homeowners have record equity

2. Today's buyers are more qualified

3. Inventory is still low

4. Home values are projected to appreciate

The Seller Buydown

Utilizing the seller buydown strategy, the seller can offer to buy down the interest rate for the buyer, allowing the buyer to make a full price offer with a lower rate.

This allows buyers to make a full price offer while locking in a lower interest rate.

For sellers who are considering a price reduction or have an offer below list price, this could be an alternative strategy.

If you are curious about any of this information or want to chat about your situation, please feel free to reply to this email or call me directly.