September 19, 2024

The Interest Rate-Condo Price Connection

Low interest rates, while often seen as a driver of real estate transactions, can also discourage homeowners from selling their properties. Many owners secured their homes during a period of historically low mortgage rates. These favorable rates made owning a home more affordable by reducing monthly mortgage payments. If they were to sell, they would likely face much higher interest rates when purchasing a new home, leading to significantly higher monthly payments. This "rate lock-in" effect causes homeowners to think twice about selling,
January 11, 2018

How To Get Multiple Offers On Your Condo For The Best Results

Every home seller dreams of receiving multiple offers above asking price with no contingencies when they put their property on the market. There are multiple offer situations in just about every market. Multiple offers will get buyers in a bidding war and bring the highest price, but sometimes price isn't the only objective. Here are 7 tips ...