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Since February 2022 the real estate market has been correcting. Affordability is still the biggest concern. Interest rates continue to work their way down and are getting closer to where they need to be. Also, inventory levels have increased dramatically, and we are expecting activity levels to be much stronger in 2025 as the market continues to improve, and pent-up demand catches up.
Here’s a how we handle Buyers in a market approaching recovery. We expect it to get more crowded out there with Buyers as conditions improve, perhaps even competitive in some categories.
Everyone qualifies based on the same criteria.
Service Ratios – Stress Test – Supporting Docs
Get in touch or visit your Banker or Mortgage Broker
*Get preapproved and put your Banker / Broker on speed dial. Get your supporting documents submitted and all your ducks in a row as you start.
Start with a primary search in the preferred search area & structure type etc. Run a city-wide search as well on the same criteria, until listings build.
We also watch outcomes on other comparable properties in your area of interest, to make sure they also support our price expectations.
If you have an interest in a property, email, text call direct. Tell us you have an interest, and we will have a look, and profile the property for you, and if we need to move quickly, I will let you know. The quicker you get in to see a property of interest, the more time you allow yourself to consider.
We are now solidly in the recovery phase of the correction. The worst is behind us. Interest rates are coming down, prices have stabilized & inventory levels have surged.
Qualified buyers today are able to pick and choose, for the most part with no lineups and little competition. This could be the calm before the storm. Remember the early bird gets the worm.
Finally, be patient and coachable. There is opportunity if you are organized and prepared.
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