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Spring also brings major holidays like Easter, giving sellers the chance to decorate for the season and set themselves apart. The past year has been unprecedented for the housing market. Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses.
As the fall season approaches, the interest rates are expected to continue to go down as well as there being more inventory within the market for buyers. At the same time, if interest rates go down, we might have more buyers staying in the market.” Sellers that aren’t restricted by time restraints are probably going to wait for the spring.
Enhance room appeal with neutral decor : Use tasteful, universally appealing decor to make spaces feel welcoming and stylish. Is inventory low or high? Openhouse promotion : Advertise your openhouses or available showing times on social media. You want buyers to focus on the space, not your stuff.
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. Spiking housing supply & fewer buyers. We’ve seen a massive change in housinginventory.
Because in a buyer’s market, there’s more housinginventory and lower prices, giving power to the buyer. In a market that favors buyers, sellers and their realtors have to put in a much greater effort to make their homes stand out through means of social media, openhouses, and advertisements.
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