The days are gone when buyers were widely willing to drop home inspections and other contingencies. Seller contributions will be more common, and concessions will be buried beneath the surface in recorded sale prices. It’s not a buyer’s market, but at least purchasers sense that some bargaining may be possible. It’s another opportunity to get into the market that millions of purchasers will take advantage of during the coming year.
My friends, the real estate market has been a seller’s paradise fueled by pandemic fears and historically-low interest rates for the past few years. But, at the start of 2023, a new market emerged, with a more outstanding balance between buyers and sellers.
Please call me if you have any questions at 562-715-8622. Your feedback is critical to be part of this conversation, so please make a comment.
