It is frustrating to lose your dream home when there are multiple offers. Here are some tips to help make your offer the one that is accepted. Summary Check List How Many Offers Are There? Anything Special the Seller Needs? Understand Comparables Sales Decide on What Price to Offer Add an Appraisal Clause Add an …
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Many times buyers have to cancel during the escrow process. The most likely reason for canceling is they are not satisfied with the inspection. Another reason could be they do not like something they found out on the disclosure statement. The 3rd big reason for canceling is they can’t get the loan. If they have …
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The National Association of Realtors said sales have crashed to the lowest level ever per Realtor. It looks like close to 1/2 million Realtors will be looking for a new line of work in 2023. I am noticing the slowdown already too much more than the 2008 housing crash.
As pending home sales have dropped lower than the 2008 housing crash, it is an excellent time to revisit what happened in 2008, as it seems we are going there again. In June 2007, the median Single Family Home price on Oahu was $685,000. It went down and did not recover to $685,000 until December …
Even larger than during the COVID lockdown. Much larger than during the 2008 housing crash.
It is amazing the price increase since COVID vs. a more normal price increase in the period before COVID. Even if prices drop 20%, the price appreciation is still way over normal.
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The percentage of sales for first-time buyers is at the lowest level they have ever seen, according to the National Association of Realtors. High home prices combined with high mortgage rates are making it very difficult for first-time buyers, so it is not surprising they are being held back from making a purchase.
