Providence East Side - Market Report (January 2024)
What does this mean for you as a Buyer?
For quite some time now, the real estate market has been experiencing a shortage of available homes compared to the number of eager Buyers looking to make a purchase. This scarcity has resulted in intense competition among Buyers, causing property prices to surge. On the above charts, you can see this trend.
The high level of competition has also led to homes being snatched up quickly, often within a few days of listing. In 2022-2023, the average days on market for a single-family home was just 7 days.
Sellers are benefiting from multiple offers, generally resulting in a final sale prices that exceeds the initial listing price.
In such a competitive market, the winning Buyer is the one who presents the strongest and most compelling offer. Of course, offering more money makes an offer more attractive. While any Realtor can help you with this approach, it can be quite expensive for you.
Unfortunately, many good offers still end up unsuccessful - - even if they are well above the list price. This can be extremely disheartening for the losing Buyers, who may have patiently waited for the perfect house and made what they believed to be a solid offer, only to face disappointment repeatedly.
As a professional real estate negotiator specializing in assisting homebuyers, I possess the winning skills to craft offers that not only capture the Seller's attention but also ensure serious consideration without overpaying. Achieving this in a competitive market is no small achievement!
I find immense satisfaction when my Buyer clients emerge victorious in these competitive situations.
My passion lies in crafting thoughtful strategies to compete and careful negotiating to secure the perfect home for my Buyer clients. Let me put my expertise to work for you, ensuring a successful and rewarding home-buying experience!
If buying a home in this HOT Market is important to you,
