Weekly real estate market update 5/26/23… showings are strong

It does my heart good to see showings continue to be strong, higher than the last three years… in spite of the fact that new listings dropped… or is it because of that? With strong showings and a drop in new listings it comes as no surprise that multiple offers are also strong… competition can be intense.

Going into a holiday weekend, a drop in new listings and an increase in coming soon listings is to be expected.

With our crazy and competitive real estate market, having a professional on your side can be more important than ever. Read below what our blog at Keeping Matters Current has to say about it.

Sharlene Hensrud, RE/MAX Results – shensrud@homesmsp.com

Blog Image

Why Buyers Need an Expert Agent by Their Side

For Buyers, First Time Home Buyers, Move-Up Buyers

The process of buying a home can feel a bit intimidating, even under normal circumstances. But today’s market is still anything but normal. There continues to be a very limited number of homes for sale, and that’s creating bidding wars and driving home prices back up as buyers compete over the available homes.

Navigating all of this can be daunting if you’re trying to do it alone. That’s why having a skilled expert to guide you through the homebuying process is essential, especially today. Bankrate shares this perspective: 

“Advice and guidance from a professional real estate agent can be invaluable, particularly amid a hot or unpredictable housing market.”

Here are just a few of the ways a real estate expert makes a big difference: 

  • Experience â€“ Real estate professionals know the ins and outs of what’s happening today, how it impacts buyers, and how to navigate any hurdles that may pop up.
  • Education â€“ Knowledge is power when it comes to buying a home. Your advisor will simply and effectively explain market conditions and translate what they mean for you so you can feel confident in your decision. 
  • Negotiations â€“ Your real estate advisor advocates for your best interests. Having an expert on your side provides assistance with the purchase agreement. An agent can also help you negotiate potential seller concessions if the inspection reveals issues with the home.  
  • Contracts â€“ Real estate advisors guide you through the disclosures and contracts necessary in today’s heavily regulated environment. 
  • Pricing â€“ Making an offer and negotiating with a seller can be one of the most difficult and stressful parts of the homebuying process. A skilled agent will help you understand what similar homes are selling for so you have the full picture of what you may want to offer.

All of these reasons combined may be why 86% of recent buyers used an agent according to the latest Home Buyers and Sellers Generational Trends Report from the National Association of Realtors (NAR). NAR also has this to say about why an agent is so essential today: 

“A great real estate agent will guide you through the home search with an unbiased eye, helping you meet your buying objectives while staying within your budget. Agents are also a great source when you have questions about local amenities, utilities, zoning rules, contractors, and more.” 

What’s the Key To Choosing the Right Expert?

It starts with trust. You’ll want to know you can trust the advice they’re giving you, so you need to make sure you’re connected with a true professional. No one can provide perfect advice because it’s impossible to know exactly what’s going to happen at every turn – especially in today’s market. But a true professional can give you the best possible advice based on the information and situation at hand. 

They’ll help advocate for you throughout the process and coach you on the essential knowledge you need to make confident decisions. That’s exactly what you want and deserve. 

Bottom Line

It’s critical to have an expert on your side who is skilled in navigating today’s housing market. If you’re planning to buy a home this year, let’s connect so you have a real estate advisor on your side to give you the best advice and guide you along the way.

Written By

I love what I do! Highly insightful, analytical and creative, there is nothing I love more than helping you find the right solution for your real estate transition. My mission is to serve my clients with honesty and integrity, exceeding their expectations in service and support… and to help others by donating a portion of every transaction to Habitat for Humanity.

Related Posts

Weekly real estate market update 4/19/24… should you rent or buy right now?

đź–¨ Print Article New and coming soon listings increased a bit this week, but nothing dramatic. Still, everything is moving on an upward trajectory. Showings also ticked up a bit,...

Should I Wait for Mortgage Rates To Come Down Before I Move?

đź–¨ Print Article This is a question I hear a lot these days. Many buyers talk about waiting to buy, thinking interest rates will come down. Others have decided to...

Subscribe to Our Newsletter for Market Updates & Mid-Century Modern Listings

Our weekly HomesMSP Update includes current local market information and a curated list of mid-century modern properties for sale, plus posts from an inspector, a lender, a stager, info about neighborhoods, life in the Twin Cities… even recipes!

Hidden

Blog Categories

Archives

Sharon and John Hensrud

About Us

The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.