Top 5 Questions Buyers and Sellers Are Asking in Today’s Market — Answered!
1. Should I wait for interest rates to drop?
While it’s tempting to wait for lower rates, timing the market perfectly is nearly impossible. Instead, focus on what works for your personal finances and lifestyle. You can always refinance later if rates drop, but home prices may rise while you wait — and you might miss out on the right home.
2. How do I compete in a market with low inventory?
Get pre-approved, be flexible on small things, and work with a proactive agent. Homes move quickly, so having your financing lined up and being ready to act fast gives you an edge. Writing a clean, strong offer — sometimes even with fewer contingencies — can set you apart.
3. What costs should I expect beyond the down payment?
Buyers should budget for:
Closing costs (typically 2–5% of the purchase price)
Inspections and appraisals
Home insurance and taxes
Moving and utility setup
It’s important to have some cash on hand after the purchase for any needed updates or furniture.
4. Do I need to make updates before listing?
Not always — but you do need to make your home clean, functional, and market-ready. Sometimes small updates like fresh paint, decluttering, and light landscaping can make a huge difference. Talk to your agent (me!) before spending money — we can help you focus on updates that bring real value.
5. How do I price my home right in a shifting market?
Pricing strategy is key. We use comparable sales, market trends, and buyer demand to guide your pricing. It’s better to price competitively up front than to reduce later. Remember: overpriced homes sit longer and may end up selling for less than they would have with the right strategy early on.
Want more personalized answers for your situation? Let’s talk! Your friends at The Glover-Smith Group are always happy to chat about your goals.