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Is the McAllen Real Estate Market Favoring Buyers or Sellers?
Manage episode 167180053 series 1320052
Вміст надано Maggie Harris. Весь вміст подкастів, включаючи епізоди, графіку та описи подкастів, завантажується та надається безпосередньо компанією Maggie Harris або його партнером по платформі подкастів. Якщо ви вважаєте, що хтось використовує ваш захищений авторським правом твір без вашого дозволу, ви можете виконати процедуру, описану тут https://uk.player.fm/legal.
In our current market, inventory is low and so are the interest rates. This is good news for both buyers and sellers.
As a real estate agent, one question I get asked all the time is, “Are we in a buyer’s or seller’s market?”
With inventory being so low and seller’s almost always getting asking price, I’d say we’re in a really good seller’s market. As we look toward the future, I see home values increasing in our area and experiencing their fair share of multiple offer situations and bidding wars. That’s a great sign that our market is still going strong.
Our market is still going strong.
Another question I get asked a lot is, “What do interest rates look like?”
Right now, interest rates are at record lows. When I got my real estate license back in 2005, we were looking at 6% and 7% rates, which I thought was awesome. In today’s market, our rates are hovering around 4%.
What does all this mean for both buyers and sellers? If you’re a buyer, you can secure a purchase with a very low interest rate. If you’re a seller, it’s the perfect time to get the highest possible price for your property.
If you’re thinking about buying or selling real estate, please don’t hesitate to give me a call or send me an email for a free consultation. I look forward to helping you!
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