Make a big move in 2022- Buy and Sell Homes
When you buy and sell homes timing is everything, in life and real estate, so you want to make sure you get it right. This is important because it can impact both the sale price of a home and, in a competitive market, your chances of submitting the winning bid. Caleb Spears, a luxury real estate agent with Spears Group, based in Santa Rosa Beach, Florida, said while they have different implications for both, buyers and sellers should actually be looking for the same signals in 2022 — days on market and interest rates.
“Days on market tends to be a lead measure for pricing, and the two are inversely related,” he said. “What this means is that historically as DOM goes up, prices then come down and vice versa.”
The way you want this to trend will depend on which category you fit into — i.e., buyer or seller.
“For sellers, a rising number of days on market should be a trigger for you to sell while the prices are still peaking,” he said. “For buyers, if you see a trend of rising days on market across an area, then be patient.”
When it comes to interest rates, Spears said the current record lows are wonderful but unsustainable and likely to rise sometime in 2022.
“For sellers, this means that your buyer pool will begin to shrink and there will be less demand in the market once interest rates begin to climb,” he said. “This should lead to lower overall prices due to less negotiating power for sellers and a higher supply.”
“If you finance your loan, then your mortgage may end up at a higher monthly payment on a lower priced home,” he said. “This is a major factor in why many people are willing to buy a record priced home at a low interest rate.”
As for timing, Allan Prigal, a real estate agent in Gaithersburg, Maryland, said he believes the best time to buy or sell in 2022 will be the first quarter of the year.
“All indications are that mortgage interest rates will go up somewhat as the year goes on, with many saying the 30-year fixed rate may be as high as 3.6% in the 4th quarter of 2022 — [which is] still extremely low,” he said.
7¢ Skip Tracing – Guaranteed lowest price on the market for the best quality data.
Don’t just take our word for it. Try us out by running a small list first to see the tier 1 data for yourself. We are offering non-members access to member pricing, so you can experience the Skip Force Difference and improve the quality of your lists.
Pay wholesale price for quality data
Receive the TOP 3 Phone Numbers
Discover which phone numbers are best
Learn the BEST Time to reach a contact
We can take your old list, grade it and come up with the
BEST NUMBERS to contact
Develop a SNIPER MARKETING Plan
Increase ROI and TEAM MORALE
We have extended this special but cannot afford to keep this offer running for long.
Have Questions? Reach out to us, we’re here to help.
Call us at: 866-962-8190
Get Started Now
Related News
Not all real estate investing strategies are created equal 2 Proven Ways to Double Your Money – Not all real estate investing strategies are created equal. Here are two of the best and one to avoid. It’s easier than you might think to double your money through investing. According to the rule of 72, you […]
Making Money With Real Estate Making Money With Real Estate – Waitsfield, Vermont, USA – September 11, 2022 – Renowned motivational speaker and real estate expert Roger Blankenship has now released his latest book, Flipping Houses in Ten Days: How You Can Make Big Money in Real Estate. His new book is a valuable […]
Property Data Benefits and Walkthrough: Property Data Benefits and Walkthrough – So one of the things we do extremely well in our investment business is generate a ton of leads. We generate about 50 leads a week of qualified leads. That means people, that two tiers. One, either they’re in mass of amount of pain […]