Doug Veit Realtor

01/13/2026

06/12/2025

💰 Thinking of Making a Lowball Offer? Here’s What You Need to Know…

Making an offer well below asking price can feel bold—or risky. Some see it as smart strategy, others think it’s just rude. The truth? It depends.

A “lowball” typically means offering 15–25% below asking, but that plays out differently depending on the market. In a hot seller’s market, a low offer might not even get a response. But in a slower market with high inventory, it could spark a real conversation.

🏡 From a seller’s view, lowball offers often feel like an insult. Many won’t counter, especially if they feel the home is fairly priced. But sometimes, especially when a property’s been sitting or the seller needs to move, even a low offer gets a second look.

✅ The key? Be smart and respectful.
Know the comps. Understand the market tone. If you’re going to come in low, explain your offer or sweeten the terms—like being flexible on closing. It’s not about throwing darts—it’s about making a calculated move.

📉 Lowball offers can work—but only when they’re done right.

Got questions about how to approach an offer in today’s market? Let’s chat. I’ll help you read the room and play it smart.

06/10/2025

📉 Mortgage Rate Update: What Buyers Need to Know 🏠

If you’ve been waiting for mortgage rates to come back down, brace yourself—Goldman Sachs just raised their forecast. They now expect 30-year mortgage rates to stay around 6.75% by year’s end, with current averages hovering near 6.94%. Translation: we’ll likely be flirting with 7% rates for the rest of 2025.

Why? Rising Treasury yields are putting upward pressure on rates, and while there’s talk of small improvements in mortgage-backed security spreads, it won’t be enough to move the needle much.

🏡 Despite these rate challenges, home prices aren’t expected to drop nationwide. Limited supply and steady demand from serious movers are keeping the market competitive, even if price growth is slowing (Goldman now predicts just 3.2% appreciation in 2025).

But here’s a sobering stat: nearly half of the homes for sale—worth roughly $700 billion—are sitting longer than expected. With sellers outpacing buyers by about 500,000, many listings are going stale.

✅ Bottom line: If you’re planning to buy this year, it’s more important than ever to be strategic. The right property at the right price still exists—but flexibility, patience, and good guidance will be key.

Thinking about buying or selling? Let’s talk about the smartest way to navigate this market.

03/06/2025

📉 Fewer Homes, More Competition in New River Valley 📈

February saw a 31.5% drop in new home listings, making it even harder for buyers to find a place. 🏡 At the same time, pending home sales fell 27.4%, showing that some buyers are holding back due to higher interest rates.

💰 Prices? Still Holding Strong.

Median home price: $278,900 (up 0.3%)
Land prices: Surged 48.9% to $65,644!

🏠 Sellers Still Have the Advantage

Homes are selling 10.6% faster than last year.
Inventory is down 3.2%, keeping competition high.

🔎 What This Means for You:
✔️ Buyers: Fewer bidding wars than last year, but inventory is tight.
✔️ Sellers: Well-priced homes are still moving fast!

Curious how this affects your plans? Drop a comment or send me a message! ⬇️