In the current housing market, more sellers are offering concessions such as closing cost assistance, mortgage rate buy-downs, and price adjustments, with 39% of sellers expecting to offer concessions compared to 30% last year, creating more negotiation opportunities for buyers to save thousands of dollars.
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Buyers Have More Negotiating Power Right Now π°Added:
Heads-up buyers, [music] here's something that could work in your favor this year. More sellers are expecting to offer concessions, things like help with closing costs, a mortgage rate [music] buy-down, or maybe even adjusting the price. And that could mean real savings for you. [music] Last year, 30% of sellers thought they'd need to offer concessions to close. This year, that jumped up to 39% [music] and that increase tells me one thing, sellers are getting more flexible, which means there's more room for you to negotiate. So, when you find a house you want to write an [music] offer on, don't be afraid to ask about repairs or even an appliance staying behind. Just know that's worth asking for [music] and what's a long shot varies depending on where you're looking. But, even a few concessions could save you [music] thousands and that's where I can help.
Let's connect to talk through what concessions you can reasonably expect [music] in our market and what I'm seeing work for other buyers right now.
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