The Bohnker Group
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As we head into the spring market, there is no doubt confusion and uncertainty remain high for consumers as economic volatility continues to send mixed messages. The unexpected bank failures gave way to mortgage interest rates dropping, and they could keep falling. As the spring housing market kicks off, rate drops are good news for homebuyers and the overall housing market. Even a fraction of a percentage point can start to move the market.
There’s a lot going on in the housing market, please find our 2023 Spring Buyers & Sellers Guide available for download.
Buyers Guide (Spring Edition)
Sellers Guide (Spring Edition)
With inventory remaining low and buyers grappling with higher costs, here are our tips for buying and selling in the spring market:
Buyers:
- Know your budget and connect with a mortgage lender to discuss your options
- Work with a local real estate expert (they know what's worked for other buyers and what sellers are looking for in an offer)
- Think through everything before making an offer (you likely have more time)
- Work with your real estate advisor to negotiate your terms
Sellers:
- Price your house right and at the current market value
- Make sure it's in good working order and staged appropriately
- Buyers are still out there, regardless of interest rates, that need to buy a home
If you or you anyone in your circle of friends, family, or colleagues could use our real estate expertise, we would greatly appreciate the opportunity to connect and have a conversation.