Manage episode 152226685 series 1053854
Right now, we're seeing appraisals get a little easier because the market is flat. There are fewer multiple offer situations and appraisals are coming in around where the sales price is. Just the other day we were working with some buyers who were interested in a home in a neighborhood where homes had been selling for around $600,000. We were able to make and secure an offer under the list price because the house needed a great deal of work - it needed new carpet, paint, appliances, etc. Six months ago, that offer never would have gone through.
What does all this mean? We have a very stable market. It's not trending up or down, but is staying consistent. This means neither buyers or sellers currently have an advantage. If you want to know what's happening in your specific area, don't hesitate to reach out to us. We can help you make the most of our current conditions.