Stacy Esser, real estate agent and founder of the Stacy Esser group in Tenafly, New Jersey, says it’s always a SellerBut believes that a small change that promotes house buyers arrives.
“Maybe a house took a week to sell, and now we are planning in three weeks,” Esser told CBS News.
Part of the change, known as Esser, will be motivated by more houses on the market. In May, there were 34% more sellers than buyers nationwide, according to the real estate company Redfin. This is the highest rate since Redfin began collecting data in 2013.
But this is always considered a seller’s market because even if the inventory increases, the prices too, says Esser. This is partly motivated by the owners who are locked in lower interest rates have little incentive to sell.
In June, the American median selling price For a house, a record summit of $ 396,000, according to Redfin.
“Everything that is updated and new and turnkey see the biggest increases,” said Esser. “And all that is in this entry -level price, whatever your entry -level price on your market, is also the most important increases.”
The location plays a major role. Austin, Texas; Phoenix, Arizona and most markets in Florida are better for buyers because there are more inventory, Redfin data have found, while Newark, New Jersey; Long Island, New York and the suburb of Philadelphia promote sellers because there is less inventory.
Sirvan Aisvik and her husband have a living room in Tenafly and say they have been looking for their first house for more than two years.
“Last week, I’m just … offered in a house, and then they could not accept my offer because they said that 19 people offered [on] This house, “said Aisvik.” When I heard, like 19 people, I couldn’t believe it. “”
To improve your chances of property, make an offer on a house that seated on the market, according to experts. The owner could be more willing to negotiate. Another advice is to examine programs for new house buyers.
“Go get the ugliest house in the best neighborhood,” said Esser. “Go buy this house and see beyond what others cannot see.”
Aisvik said that a house for their two daughters would be the American dream, but the rejection is frustrating.
“It is, like, not only for me, my whole family, they are disappointed,” said Aisvik.
“I see her trying all the time, and it’s like, she is so excited,” said Aisvik’s 19 -year -old daughter about her mother. “It is, like” we are going to make this offer, and I hope that we will have the highest, then we get it. “It is difficult to see it in this state, because I see how difficult it is trying.”
