11/28/2020
May I have your Attention Please: It's not a bad time to buy or sell. Homes are scarce which has the competition through the rough.
One tip...if you are planning to place an offer over the list price of the home simply to win the bid...please think twice. Homes still have to appraise for that value. If it does not, it can bring on a bunch of hooting and hollering and unneccessary emotions. Banks are not going to approve for more than the appraisal amount. Out of this you may be able to come with the difference (which I suggest against..I mean who wants negative equity in their new investment). That would be a bad investmenr.
Sellers consider reasonable and realistic offers.
Thanks to historically low mortgage interest rates borne out of the pandemic, buying a home can be more affordable now even if you’re borrowing more.