: Selling first provides a definitive budget for a next home and puts the seller in a "strong buying position" for their subsequent purchase. The Story for Buyers: A Return to Rationality
: To clear inventory, many homebuilders are now offering mortgage rate buydowns , effectively lowering a buyer's interest rate by 1% to 2% below the market average. Buy or Sell First?
: Many potential sellers are hesitant to trade their pandemic-era 3% mortgage rates for current rates hovering around 6% . However, those moving to be closer to family or for job changes are finding that their high existing equity makes these trades feasible.
: Inventory levels have improved, rising roughly 20% over the last year. This allows buyers more time for due diligence and inspections, rather than making "sight-unseen" offers.
: Selling first provides a definitive budget for a next home and puts the seller in a "strong buying position" for their subsequent purchase. The Story for Buyers: A Return to Rationality
: To clear inventory, many homebuilders are now offering mortgage rate buydowns , effectively lowering a buyer's interest rate by 1% to 2% below the market average. Buy or Sell First?
: Many potential sellers are hesitant to trade their pandemic-era 3% mortgage rates for current rates hovering around 6% . However, those moving to be closer to family or for job changes are finding that their high existing equity makes these trades feasible.
: Inventory levels have improved, rising roughly 20% over the last year. This allows buyers more time for due diligence and inspections, rather than making "sight-unseen" offers.
