Savvy Home Seekers Navigate Opportunity
/ Home Buying / By BHHSGA / October 11, 2024
As we move into the fall of 2024, the real estate market shows signs of balance. For buyers, this creates a unique opportunity. Mortgage rates have fluctuated over the past year, but the market is beginning to find its footing. Normalized home prices reduces the intensity of competitive offers and more room for negotiation.
Key factors to consider:
Inventory Levels
More homes are coming onto the market as sellers prepare for the end of the year. This increase in supply can give buyers more options to find their perfect home.
Affordability
With home price growth slowing, it may be easier to find a home within your budget. Consider locking in your mortgage rate early, as the Federal Reserve has indicated that further rate hikes may be unlikely for the rest of the year.
Seasonal Deals
Fall is typically a slower season for real estate, which can benefit buyers. Sellers may be more willing to negotiate to close before the holidays.
Whether you’re a first-time homebuyer or looking to upgrade, this fall’s real estate market offers stability and opportunity.
Lake Sidney Lanier Homes is the most comprehensive online source for information on Lake Lanier homes for sale and Lake Lanier area real estate. View the latest Lake Lanier home listings, foreclosures, lots, land, sales trends, and real estate topics on Lake Lanier. Arthur Prescott is an Accredited Buyer's Representative and Certified Residential Specialist with Berkshire Hathaway HomeServices Georgia Properties. He has over twenty years of Lake Lanier real estate experience. If you would like to schedule a free buyer or seller consultation, please contact us at www.LakeSidneyLanierHomes.com or 770-844-8484 or email us at Arthur.Prescott@BHHSGeorgia.com.
