Negotiating buying power are strategic moves at the right time in this shifting market with homes for sale. This requires a skillful realtor carefully listening, keeping up with the local housing market and understanding the current scenario. If you are thinking about buying or selling a homeI am here to help. Currently September 2022 in Central Florida and Disney area it is still a seller's market to a degree. The days of waiving contingencies, inspections and paying drastically over asking price has surely diminished. Realtor.com has reported 95% of buyers has requested a home inspection which in many cases opens the door for negotiation.
In this season, there is less competition of homes for sale and more negotiating power as a buyer as home prices are in a deceleration mode. This is due to the rise in the interest rates, started in June 2022 and projected to rise through end of the year 2022. Bidding wars have come to a halt and many offers are reported by realtor.com coming in with contingencies. Also this includes over 60% of sellers has negotiated repairs with buyers.
If you are interested in one of my free buyers e-books click below link https://kevinstrawter.book.live/buyer-book
If you are interested in one of my free sellers e-books click below link
When negotiating closing cost, there are many variables that come into play. Asking price of home and to what extent of repairs needed. Generally these repairs fall in between 2% to 5% of purchase price in a buyer's market.
This is an incentive to have the home sold much faster. Realtor.com reported 32% of seller's paid some or all of the buyer's closing cost. Understand that lenders are limited by law of each State and type of loan. Your lender will advise you of what can be accomplished when it comes to negotiating closing cost.
Closing the deal is the ultimate goal between buyer and seller. It is our job as professional realtors to have the negotiation easily manifest itself and all parties involved happy. Some repairs can be more difficult as others to negotiate, however it's all about the numbers is the bottom line when it is said and done. As of September 2022 the housing market is in a slow recline and more sellers are favorable to negotiate with buyers. With the increase of more homes coming on the market as predicted, this opens the door for a vast variety of homes for a buyer to choose from. Serving Dr Phillips and all Central Florida. As a trusted advisor and seasoned professional realtor over 17 year's, you can stay connected and contact me today at 850 496-6412.