If you are a homebuyer in today’s market, you may have opportunities that you are unaware of. This year we have seen a shift in the real estate market and it is proving to be more advantageous for buyers than the last two years. So what does that mean for you as a buyer?
In the last two years, the market has seen a buying frenzy where there was lack of inventory, multiple offers and buyers being outbid by thousands of dollars which has been more beneficial to the seller. BUT because of the shift, today’s buyer is in a better negotiating position. So what are some items buyers can ask for in their purchase from a seller?:#1 2/1 Rate Buy Down is all the buzz these days. A 2/1 buydown program is a type of financing option to reduce your interest rate for the first two years of a mortgage. That means your interest rate is reduced by 2% the first yr and 1% of the second yr. #2 Seller Closing Cost credit – Sellers can provide a credit to help buyers with their closing costs. #3 Down Payment Assistance – There are several down payment options available today to assist buyers with their purchase, find out what you can qualify for. #4 Seller concessions for repairs – Seller may be willing to do repairs needed from inspections or offer a credit. #5 Negotiation of price – sellers may be more willing to reduce their price in a slower market. Of course these are all negotiable items depending on the seller and local market. It is best to consult with your agent to see which options are most beneficial to your situation.
I’m Krista Mashore with Homes By Krista and eXp Realty, let’s chat to see what options are best for you today. In 2018 Krista Mashore sold over 22 Million dollars worth of Real Estate and is named in the Wall Street Journal within the Top 100 Agents Nationwide. Please see the article at The Wall Street Journal. To see Krista’s local recognition check out this link featured in the Brentwood Press.
Krista’s expertise and professionalism is revealed not only in the 14 years in Real Estate but also by being within the top 1% of all Realtors in Contra Costa County continuously since 2002. Krista possess a Master’s Degree in Education, previously employed as a School Teacher. Her excellence derives from her outstanding communication, skills, expertise in marketing, and her optimistic attitude towards life in general. Pristine Customer Service to her clients is a top priority. Krista has a natural ability for developing trust by her client base.
Her attitude is characterized her slogan:
“When You Do What You Love, People Love What You Do”