Realtor®, Home Renovator, Investor, Mom
If you’re house hunting in the Philly metro area, brace yourself. It’s a highly competitive housing market right now, thanks to high mortgage rates and a rapid increase in home prices, the quickest we’ve seen since May 2022. The number of homes for sale hasn’t really changed much, keeping prices on the rise. Although fewer homes have been selling compared to last year, the ones that do list are flying off the market in about 20 days or less.
Are you thinking of selling your home? It’s a big decision, and you want to get the best possible deal, right? Well, you might be tempted by those flashy discount realtors promising to save you a few bucks on commissions. But let me tell you, going down that road could end up costing you way more in the long run. Here’s why:
If you’re considering buying or selling in Bucks County in 2024, it’s essential to understand the market dynamics and trends that will shape your experience. Here’s a closer look at what you can anticipate.
It may be the winter (and a cold one this year), but the real estate market is heating up!
Homes are selling quickly and closer to (or above) asking price. According to the January 2018 REALTORS® Confidence Index Survey, “34% of properties that closed in January sold at or above the list price. Of the properties that sold at a premium price, 86 percent sold at 101 to 110 percent of the list price.”
So, what factors are pushing prices higher?
I have worked with many real estate agents during my years as a licensed Realtor® and I have found that this field is home to all types of agents and personalities.
Did you know that approximately 1 out of every 220 adults in the US is a licensed agent (or was at some point in time). Yet despite the high number of real estate agents, I find that I can count on one hand the other agents that I would love to do business with again.