Market Monday 01.29.2024

👉For those homes that went OVER ASKING the average days on market was 19 and they went approximately 2.58% above the asking. [For a more detailed report of the data on this feel free to reach out]

The alchemy of a successfully agreement coming to close is seeming more magical these days⚡️

Some appraisals are currently falling short, leading to an increase in requests for second opinions from both eager Buyers + Sellers

📌Interestingly, the opinions of value provided by lenders often diverge from the expectations of the parties involved in the agreement

A word of caution 😬 is to exercise prudence by utilizing the financing clause. Even if a buyer is pre-approved, there's a possibility that the home may not appraise at the expected value, requiring the buyer to secure additional funds to bridge the shortfall. If the necessary funds are not accessible, the agreement may not successfully close

In navigating these real estate transactions, it's crucial to be astute and proactive. Ask pertinent questions and consider all angles 😎

Remember, a deal is not finalized until you have the keys in hand or the money securely in your jeans🤸‍♀️

Sending High Fives🙌

🫶M

Do you have questions about buying or selling a home? I’d love to help

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