Here is another infographic you can use for a social media or blog post targeting potential contacts! Feel free to share this image wherever you like, it can be downloaded right below the image! This infographic focuses on the handling of multiple offers!
In recent years, 98% of sellers received multiple offers when selling their home. This is exciting but can be overwhelming during an already stressful time! Multiple offers can be a lot to handle because selling and listing a home already comes with a lot of decisions. On average, it can be safe to say that sellers will usually go with the highest offer. This makes sense as who wouldn't want the most for their home? Careful sellers sometimes decide who to sell to based on the mortgage qualifications of the buyers. Looking to buy a home for less than the listing price or right at it? A cash offer is going to be the best bet there and even then only 30% of sellers tend to accept Sometimes, timing really is everything and low offers are acceptable because they are put in quickly and/or the buyer wants to move forward quickly in the escrow process.
The facts state that homes are getting more and more offers as time goes on. This is especially true in areas where inventory is low! Prepare clients ahead of time to lessen the pressure. Agents will guide their clients through multiple offers to find the best one for the situation at hand! It is important to look at and evaluate all offers while making a decision.
Here's a free infographic on the most and least affordable areas for home buying in the U.S.! The market varies greatly throughout the nation. You can use this infographic for a social media or blog post targeting potential contacts! Feel free to share this image wherever you like. It can be downloaded right below the image!
Finding an affordable home can be difficult as prices continue to rise. One area that is affordable is in Buffalo, New York. Buffalo is popular for having low median house prices but still a high quality of life!
Another affordable area is Kansas City, Missouri! Kansas City's downtown is more and more popular as time goes on and has a low cost of living. Dayton, OH is also affordable - and the state of Ohio is more sought after each year as a place to live. Home prices are an average of 70,000 in Dayton.
Omaha, Nebraska is another area with decently priced housing and an up and coming downtown area. Omaha has a very young population with over a third of its residents being under 24. Closing out our list of cost-effective areas to live in the US is Birmingham, Alabama with diverse neighborhoods and a low cost of living.
On the other end of the spectrum are the least affordable areas in the US. Unsurprisingly, California holds four of the five areas. San Jose, San Francisco, Los Angeles, and San Diego are all listed in the least affordable areas to own a home in the country. New York City is the only area outside of the Golden State. A high appreciation rate can be to blame in all five areas, with some going over 200%. The average monthly cost in all of these areas is also 3,000 or higher a month for housing expenses.