Helping Buyers Find ‘Deals’ In Todays Market
In fast moving markets like this where everything seems to be selling with multiple offers and over the asking price, it can be tricky for Buyers to get on board.
If you have Buyers struggling with the market, concerned that they aren’t getting a good ‘deal’ on a house, it might be time to redefine what they mean by the term deal.
Traditionally buyers define a deal as paying either at, or ideally less for something than everyone else is. However in real estate right now most buyers are having to pay more than everyone else to win the bidding war.
But there is always more than one way to look at it.
In todays market, the ‘deal’ is the interest rate.
Buying a house isn’t as much about the price as it is the interest rate and the monthly payment. With todays rates you can pay more for a house than you would have 12 months ago and have a LOWER payment.
Here’s another mind blowing stat: in 1990 a $1,000,000 home would have included a mortgage of $8,872. At todays rate of 3.23% that same house would have a mortgage of $4,341.
A big part of our value as agents is helping clients understand the bigger picture relative to their goals. Understanding interest rates and how they affect purchasing power is one of the biggest pieces in the home buying process.
To your success!
Signup to receive Nicole's blog posts via email weekly:
I saw a funny meme on Instagram this week portraying the real life vs insta life version of being an agent. The instagram version showed a group of agents eating lunch together in designer clothes at a beautiful cafe. Versus the real life agent sitting alone, on the steps of a vacant house, eating a…Read More
I posted a reel on instagram this week that got a surprising amount of feedback. Surprising in how grateful people were to finally have someone admit the truth. You don’t have to be part of the 5am club to be successful. Did your shoulders relax just a little when you read that? I hope so.…Read More
You know those agents – the lucky ones whose clients magically show up, and they always seem to be having fun while posting sales and having a life. The type of agent you wish you could be – someday. What if YOU could be that person right now?? On the outside, luck can look like…Read More
This is your reminder to keep going and trust that things will work. It’s easy to be impatient and want to know how the story ends. Because if we know that, then we can get there faster and avoid making mistakes along the way. But that’s not how it works. And sometimes the mistakes are…Read More
This is one of the biggest things most agents are missing in their business. But if you’ve ever been a part of a great mastermind and have a solid tribe you know that it’s one of THE best things not only for your business, but for your soul. We aren’t meant to do this alone.…Read More
I was chatting with someone this week who mentioned that they were spending this week journaling, planning and deciding what they want to create in 2024. Sounds awesome! But their last comment got me – I know I should have done this sooner, but… Sooner says who? It got me thinking about all of the…Read More
Ideally it’s both. But somewhere between the joy of dreaming into new goals, and attaching metrics (ie the how) things can go from creative to confining. In the ‘what if’ space – it’s easy to be creative. At this point the possibilities are endless. There is no right or wrong, pass or fail. Actions and…Read More
As we head into the last 2 weeks of the year Grace and Light are the 2 words that keep coming up. Whether this is your favorite time of the year, or one that you would be just as happy to skip – it’s a lot. It can be an intense time of celebration, reflection,…Read More
Seems like a simple question. Of course the reflex answer is yes. I can absolutely have anything I want. But deep down do you believe it? I just came back from a few days of business planning with 3 amazing agents. When we get together we go deep. It’s WAY beyond what we want our…Read More
Today is December 1st. Which means 2024 is right around the corner. No sooner do we finish celebrating the accomplishments from this year – we reset the counters to zero and look to create something new. We list our goals, envision our future and formulate action plans. All necessary parts of the process. But what…Read More