Brief Buyers on the Current Market

Your buyers are wondering how hard it will be to buy a house and how much competition they may be facing now that they have been pre-approved. They have flexibility to buy either this year or next. Different friends are giving them conflicting advice, and they are asking you for professional insight. Should they buy now or hold off? What trends and cross currents will they be up against? Be sure to consider the video commentary below from February 2021. Has the market changed since then? Listen to a realtor and an appraiser describe the market. Pretend that your buyers saw this video and now they are asking you: 1. What if anything has changed 2. Where might the market be a year from now, if they decide to wait. What is the risk in holding off. What might the opportunity be?

https://www.youtube.com/watch?v=S2wxwCq58Og

What sorts of things should we keep an eye out for? Cite you sources. Provide links if you think it will be useful. Try to write about 400 words