Dawn Deegan's Real Estate (mostly) Blog

More Sellers Dropping Asking Prices May 31, 2022 Some homeowners may need to reset their price expectations. Signs of a slowing real estate market are growing across the country— existing-home sales  and  new-home sales  are falling as well as  pending home sales . Pending home sales fell for the sixth consecutive month in April and are now at the slowest pace in nearly 10 years,  the National Association of REALTORS® reported last week . Homes are still selling fast but a slowdown is evident in many markets. Amid rising mortgage rates that are pricing more buyers out, some home sellers are having to revisit their asking price. Price drops are particularly more common in migration hotspots, places that have been relatively affordable but saw home values surge as more people have migrated in from coastal areas since the pandemic began, a new report from Redfin says. For example, in Boise, Idaho, home prices are up 62% over the past two years. In April, 41...

As we gather this Memorial Day weekend, with family and friends -- old and new, to enjoy our abundant food and beverage, our (hopefully) blue skies, and our green trees, our parks and other community locales, let us pause and pause, and pause again, to remember. Dawn Deegan, Broker/Owner, Brilliant Move Realty 

  Our nation remains in the midst of a major housing crunch .  Last year, lack of inventory and the resultant soaring prices left many would-be homebuyers feeling pinched. But now, interest rates are climbing, and many are feeling desperate to lock in a rate — which has fueled the fire. 1   Fortunately, if you’re a Buyer struggling to find a home, there is some good news. While it’s true that higher mortgage rates decreases purchasing power, there are additional ways to compete in a hot market such as this.   A higher Offer price will always get deserved attention. But most Sellers consider more than just the price when evaluating an Offer. With that in mind, I present to you five tactics that will help sweeten your Offers and outshine your competition!    You do want that house, don’t you?  Read on! The risks and benefits of each tactic must be weighed carefully in order to craft your compelling Offer to get that house, without giving away the...