December is here! What a wonderful time of the year. As 2017 rapidly draws to an end, be sure to spend some extra time with family and friends and take the opportunity to reflect on the past year’s successes and failures in preparation for the New Year.
Sales remain relatively strong which has encouraged Sellers to ask higher and higher prices. This is starting to have an effect on sales. Buyers have been willing to pay higher prices, but within reason. We are starting to see homes not sell as fast as they have throughout the last year or more and Buyers are starting to stand their ground and negotiate lower prices. Sellers need to understand that although the market is strong for sales, Buyer can’t and won’t over pay. When a mortgage is part of the transaction, the home MUST appraise at the agreed price or the lender won’t give the buyer the money to purchase the home. Listen to your agent when they show you the comparable sales in your area.
Buyers need to continue being focussed entering the market. Don’t wait even a few days to see that house you’re interested in seeing. Set up your appointments and get in as fast as you can. And most importantly, see Doug and our friends at Ruoff Home Mortgage BEFORE you go out so you have your pre approval in order for when we submit that offer!
Lots to do in December. My family and I always like hitting up the Festival of Lights. What are your plans with the family this year?
Have a very Merry Christmas and a Happy New Year! Talk to you soon!
We’re Here To Help
Are you or someone you know considering a home purchase? Don’t hesitate to call or text me, Michael Archbold, at 260-579-1516 and I will connect you with the best mortgage professionals in the business who can get you your score, discuss ways to improve it if necessary, and put you on the path to home ownership.[/one_half_last]
Hoosier Home Listings by United Realty, LLC, is a full service real estate Web site serving Northeast Indiana. We assist residential and commercial clients in locating, buying, and selling real property in the State of Indiana including but not limited to the counties of Allen, Huntington, Wells, Adams, Whitley, Wabash, Kosciusko, Noble, Dekalb, Lagrange, Steuben and cities including Fort Wayne, Decatur, Bluffton, Huntington, Warsaw, Columbia City, Butler, and Angola. United Realty, LLC, is an Equal Housing Opportunity company.