02 Dec 2021
By RESCO Realty

When Inventory Is Low, Sellers Win

Real Estate, ,
The real estate market has gone through a number of changes during the past few months. When inventory is low, sellers win. They have the ability to pick a buyer, they can make more money, and they can sell a house faster. What are some of the biggest reasons why sellers win when inventory is low?  The Asking Price Goes Up One of the biggest reasons why sellers win when inventory is low is that the asking price goes up. When there are more buyers than there are sellers, a seller may have multiple offers on the table. Then, the…
Read More
29 Jun 2021
By RESCO Realty

Where Is The Housing Market Going Next?

Real Estate, ,
There are many people wondering where the housing market is going next. While interest rates might be low, attracting a lot of buyers, there are some potential homeowners who are concerned about the current demand in the housing market. This could be driving up home prices, causing some people to pause. Furthermore, some people might be hesitant to sell because they are worried they might have a hard time finding a new home in the current market. What do the experts have to say? Homes Might Start To Sell Faster As the weather begins to warm up, the traditional moving…
Read More
25 May 2021
By RESCO Realty

In The Current Housing Market, Prospective Buyers Must Remain Patient

Homebuyer Tips, ,
The housing market has been through many ups and downs during the past 12 months. Now, buyers are facing a unique challenge as they try to find the right house in the perfect seller’s market. Right now, real estate is extremely competitive, as low inventory has continued for several months. As mortgage rates remain low, more people are looking for homes, increasing the competition. Some people are reluctant to sell because they know they will face the same challenges of trying to find a new home themselves. As a result, the housing market has record-low inventory making it difficult for…
Read More