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In Bakersfield, for example, Golden Empire MLS participants can submit a form to post new listings, openhouses and price changes. Never be dependent on the ups and downs of lending again! The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.31
The current housing market is a seller’s market. The pandemic has had a dramatic impact on the housing market and ushered in new rules and processes, such as virtual openhouses and tours. Experts believe openhouses will return, while others expect only video walkthroughs for homebuying this season.
From horror movie-esque semi-abandoned homes for rent to home decor that overshot “unique”, the owners and agents behind these funny ads thought things were perfect just as they were for their photos and openhouses. Four things about Today’s Housing Market. This is actually about fewer buyers getting into contract.
Selling your home no longer means you have to put up yard signs, organize openhouses, or even hire a listing agent. Using this strategy doesn’t just save you money; it also meets the needs of today’s homebuyers and makes it more likely your home will be visible precisely where the house shopping process takes place.
23, 2023 My comment: This only applies to residential lending appraisals, of course. To read more, plus over 60 appraiser comments, click here My comments: This only applies to residential lending appraisals, of course. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 6.18
Mortgage lending is very cyclical and dependent on mortgage rates. They said a real estate license was good because they could hold openhouses and answer questions (required in California). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.55
Appraisals will determine how much money a lender will lend , so you should get a professional appraisal before listing your home. However, don’t act too much in haste to sell and don’t sign contracts with unqualified buyers. Don’t use a property tax assessment since that figure is typically much lower than the current market price.
Sellers who priced their homes appropriately enjoyed busy openhouses in their first weekend on the market followed by multiple offers. The actions are fueled by a growing number of buyer contract cancellations, rising to 68% of all KB Home deals in Q4, up from only 13% in the same period a year ago.
About three in every 10 sellers say they have used a camera on the property during an openhouse or showing at their home, according to a study of more than 2,000 consumers from LendingTree. Just more than 4,000 homes went under contract last month across all home types in King, a 4.3% increase from July but down 8.9%
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