Three things I recommend all sellers try in today's shifting market.
As most of you know, the economy isn’t doing great right now. Over the last two quarters, the GDP has been down, and experts say we’re entering a recession. However we’re doing some things to combat the slumping economy and help sellers get their homes sold. Here are the three things I recommend sellers do in this shifting market:
1. Seller buydown. The seller can help contribue to buy down the buyer’s rate by about 2%. That can offset higher interest rates and assist buyers that otherwise couldn’t afford the home.
2. Home swap program. This program lets you buy your new home first and gives you up to six months to sell your existing home after the purchase.
3. Price downward . Don’t worry—we only want to reduce it a little bit. Due to low inventory, slow economy, and higher interest rates, people are scared to push through with their real estate plans. Pricing it down by $5,000 to $20,000 will attract buyers and get your house sold quickly.
If you have any questions or if you would like to know more about the current market, don’t hesitate to reach out to me at (904) 219-7539 or chad@chadandsandy.com. I look forward to hearing from you.
