New from Regler Real Estate...

  Many sellers are setting their asking price too high for today's market.  That is leading to more price cuts. A growing number of homeowners are overestimating today’s market. ​And that’s why the number of sellers dropping their price is back at normal levels. Right now, roughly 1 in 5 sellers are being forced to drop their asking price in order to be competitive. Why are some sellers overpricing their homes? They’re unaware of or confused by current market conditions. Inventory has grown in recent months. That means buyers have more options than they did last year or the year before. If a home is priced to high, buyers will skip over it for another that isn’t. They’ve priced their home based on how much they want to make from the sale. Homes must be priced based on their value in the  current  market, or they will not sell. Buyers will not pay more because a seller wants to walk away with more. They will move on. They are hoping to leave “wiggle room” for negotiat...

  Why More Sellers Are Choosing To Move Even With Today’s Rates It’s hard to let go of yesterday’s 3% mortgage rate. There’s no question about it. It’s the main reason why many home owners have delayed their move in recent years. But here’s something to consider. While your low rate might be ideal,  it doesn’t make up for being too cramped, living with a staircase your knees just can’t handle anymore, or being so far away from your family.  And those real life needs are pushing more sellers off the fence despite today’s rates. Data shows the share of homeowners with a mortgage rate below 3% is dropping as more people move. And, as a result, the share of homeowners taking on a mortgage rate above 6% is rising, too  (see graph below) : The Biggest Reasons People Are Moving Right Now Why are some homeowners willing to take on a higher rate? A survey from  Realtor.com  helps shed light on that. It shows  79% of homeowners considering selling today are doin...